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at todays sp this will equate to a share price of approx. £1.13 in the new form. If you bought your shares some time ago at 10p, they will have to rise to just over £3 to get your money back. Good luck !!
The number of shares is divided by 30, the value is multiplied by 30, so value is the same mate.
For arguements sake: If you had 60 shares today they'd be worth about £2.10 After the consolidation you would have 2 shares and they'd be worth 15p. How is that good for us or have i missed something? Thanks.
lets wait and see........
Tracylied, I'll also feel free to take your ramptastic posts apart wherever nessasary in the interest of painting a realistic actual picture instead of the rose tinted dream you appear to live in!!!. Sheps.
Please feel free to ignore me. Have a good day.
Copper may be headed for a significant upside move - MarketWatch http://www.marketwatch.com/story/copper-may-be-headed-for-a-significant-upside-move-2015-09-10
Tracylied, you really really do need to realise how damaging you are to your own investments when you post like you have in your last post, it's absolutely evident to every single LTH were we have been let down so badly in EMED and the shareprice only backs it up, the company has been absolutely appalling at informing shareholders and capitalising on its milestones with proper PR. As long as you keep producing these totally pathetic responses to the IMO accurate assessment by Bigbaddaz, people like me will keep shooting you down, get a grip on reality, we are not fair-weather shareholders some have been faithfully invested in EMED for years. You are actually the worst supporter/ ramper I've ever seen, so much so I wonder if you are working a reverse psychology here and you are actually subtly deramping this company knowing that those who seek improvement in the management of EMED from the very top will only highlight your ridicules and quite pathetic refusal to accept EMED's weakness's in the way it's been run on behalf of its investors, either that or you are showing an incredible level of naivety in the investment world.
Is definitely the man for the job at the moment but he was only appointed to restart the mine. I see nothing wrong with the news flow, there have been regular updates and I like a company that doesn't spin every detail. This phase is about adding value to the mine, profitable mining is a couple of months away. High maintenance shareholders that need constant handholding are just fair-weather friends and really need to move on.
There is no need to apologise to me or any other poster for the decision you have made to move on, as it is just that, your own decision and nothing to do with anybody else. I hope you got into wres early enough this morning to enjoy the rise over there today. This share has tested the patience of all of us, and has been very frustrating watching the SP performance the past 12 months which imo doesn't match the companies progress and performance on the ground. I am not suggesting things will change here over night, for starters we need a professional PR strategy to deliver clear and precise news to the investing world when milestones have been reached, something Emed has failed to deliver upon these past 12 months. Also I am of the opinion Alberto is not suited to the CEO position he finds himself in. He has under delivered as a CEO imo and I believe we have a couple of stronger candidates on our board that would deliver news and promote the company in a better way with an objective to delivering shareholder value. That said, Alberto imo is a fantastic operations guy and is building us an amazing mine which will I am sure be extremely profitable. I am sitting tight as I believe this will turn in the near future, and I believe when it does it will turn quickly ....... Or that's just my wishful thinking ;-). As for your comment 3.00 by Christmas, the price of CU may be close to that by then ;-). ATB
Thanks to all those who went, for passing on feedback. All extremely positively. Combined with the fact that our cluster of serious investors parted with £65 million to buy shares at 4.75p. I think we can assume that this crazy discount on he placement price won't last much longer!
ps liked this part...... "Alberto made the point that even 2% growth in China would require 12 PRT's a year to just to stay up with demand. He said it doesn't matter where you invest just make sure it is in Copper"
A bargain at this sp don't you think! Expect a welcome rising share price! Liberty are no dozers!
I wish to say thank you to those who attended the meeting today and for sharing the information, much appreciated. FD
Thx . Also iii team ... I don't go on their much now ... Adfn and here ... Easier on phone.
Nothing specific except when he discussed one of the underground high grade targets he used the new company name and said remember that name. To be fair Alberto was very modest and rather awkward but it is clear the project is well advanced. Phase one expansion is well advanced with much of the foundation in and hardware arriving at the end of this month. Phase two is already starting construction with ground and foundation work. Alberto says there is no doubt it will be delivered. The company is producing concentrate and is on the ramp up now to full phase one capacity. Alberto made the point that even 2% growth in China would require 12 PRT's a year to just to stay up with demand. He said it doesn't matter where you invest just make sure it is in Copper.
Of course the shortfall is at prices below the current and likely not to be an issue. The thought of further dilution was soundly put to bed by Alberto. On balance it was a presentation that continued Emeds very refined and conservative stance. Full phase one production marked as January but indicated as well before then. Phase one expansion shown as early next year but construction is already out of the ground and the mill arrives in a few weeks. On the graph they don't start construction for months. We don't like to over promise he says. The progress is rapid he says. They are going like the clappers. I think you get the picture. It is time that the AIM started to value Emed as a producer with real profit now a few short months away.
10 Sep'15 - 18: 42 - 53129 of 53131 4 0 Brief update from Beaufort, will do more later. AL left straight after his slot. Corinna from 4C ? is going to answer questions in drinks afterwards. Resources news at the end of the year if I understood him correctly. Very confident Cu price will increase significantly over next few years. I asked re C3. Looks like copy + paste error and using different exchange rate. They haven't changed anything re costs. Asked re Phase 2 Financing. Construction well underway - approved by the key stakeholders earlier in the year using money saved from Phase 1. Shortfall of 20m U.S. Due to fall in Cu price. After some pressing he said shortfall would be covered thro debt not dilution. Beaufort guy then quizzed him on mgt ownership of the company. AL has 3m shares and said he can't afford to buy anymore at the moment due to just paying the taxman 500k! I think he got the hint tho. Beaufort man said EMED were a buy.
"EMED Mining Loss Widens As Rio Tinto Project Ramp Up Continues" http://www.lse.co.uk/AllNews.asp?code=z2fxqti5&headline=EMED_Mining_Loss_Widens_As_Rio_Tinto_Project_Ramp_Up_Continues
Sorry daz and to all the other posters but I'm out of Emed at the moment sold all of my shares and bought in to wres this morning I genuinely believe that this will be 3.00 by Christmas and there is talk of a joint venture then I will be back in with Emed cheers folks
The C3 can't change without a new report so I fail to see where that comes from. I will ask the question but I suspect it is wrong. The broker target is also wrong as it should be 6p now. When the new reserve and report is produced the C3 can only reduce as the costs across the whole project have reduced. Key fundamentals like the exchange rate have become more favourable. Commercial production is shown as January 2016, that is at 5 mtpa which is a super quick ramp up. The actual costs per ton will be interesting at that point as the business should be profitable even at such a small scale.
Good to see still buying fella ... That holding RNS can't be far away now - lol - I don't blame u either just wish I had bigger pockets ... anyway onto my point - ive just had a quick look at the new Emed presentation and in the main - pretty impressive IMO altho I noticed that the C3 costs are quoted at $1.90 a pound and yet if memory serves me right we are currently operating at 1.72 and in ur posts U have always been pretty adamant that U thought the costs would actually reduce 1) as we become more efficient and 2)more specifically as the previous calculations were based on the figures which had seen young Alberto shave 62 million off our phase 1 start up - so I was just wondering as to what ur thoughts are on the new figures as they are not what u have been expecting are they young sir ? albeit still profitable even at today's levels of circa 2.44 ... so what's ur take on it fella ?
Loyalty pays i guess!
Definitely a buy, right place right time.