Just managed to check the BBs after working away for a few days and what the feck!!! Whilst it is extremely disappointing that AS and indeed AAU didnt have the desired effect of many, i believe that what we are seeing here is the many who simply bought in for the AS spike, have simply sold up and off elsewhere with a view to perhaps something better in the short term. Emed cannot fail and those who have averages in the double figures will be rewarded in the not too distant future. If you are able to hold, my advice would be to sit tight and watch those take their losses and hopefully the tide will turn when they have all gone. Do those clowns who are ripping the BOD apart seriously believe hand on heart, that they took over simoly to ruin EMED and lose everyones money? Get a grip. All IMHO best of luck chin up and keep perspective of exactly,what we are invested in here - not an explorer remember :)
There has to be a statement from the company right?
So far they have done the bare legal minimum but surely they have to say what they are up to now. The value of the company should have increased on permits but it has heavily fallen therefore there is something afoot. Either they are in corroboration with this and have to tell the world OR they are not in corroboration in which case they should be out fighting it. Having seen them do no PR since IQ, I might suggest the former us true and for some reason they wish to suppress the price. They need to tell us.
maybe you are on the wrong BB? The mine we are talking about is not in a country which has a border with Russia. Its in Spain,maybe you have heard of it? Did you take geography at school and if you did,did you fail?
10 million shares sold since AS RNS issued on Friday,one of those sellers sold 3 million 20 minutes after RNS.Timing looks a bit strange,to say the least. That leaves 7 million shares or another 140 shareholders selling at £5k a head,a long way from a thousand PIs. The new investors are not here yet,give it time.£1m is a drop in the ocean for a big investor. If PIs were "worried about keeping to the £250m refurb budget" I doubt they would have bought in the first place. Or if they had they could have sold 2 years ago when this info was first promulgated. $3 a lb for copper is plenty.
Perhaps there are hundredsand thousands of fed up PI's who want out. Seems like there isn't the the numbers of buyers to match them. Why could that be? Just at the same time as the company needs to issue more new shares for the cash they need. Perhaps those PI's also feel it is highly unlikely that EMED will manage to keep to the 250 mil refurb budget. Perhaps they are worried that once the plant is refurbed and the shares are issued and the company is selling into low copper prices from a low grade ore body that the costs will spiral and there really won't be much profit. Perhaps they are worried just how the company will run the mine without falling foul of the rules with an agitated observer ready to stir the pot at any excuse.
Seems like this has MUCH further to fall. This will be testing 6p before too long.
started on Friday 20 minutes after AS RNS with 3 million sold in one deal. After only one days full trading on the AS RNS, EMED sp is down 15%. If it looks like sp manipulation and feels like sp manipulation ,maybe it is sp manipulation.
totally agree with you bigbaddaz, im no expert but with copper prices on the rise whatever is in the ground is going to be worth a lot more, the whole mining sector was down today, a bit of a kick in the teeth but the big picture looks exciting. Stay positive everyone.
Txs for your response and advice. Have no intention of bailing out been here 3 yrs + already just thought at 15p I would bail and take a handsome profit and thought that would happen this week. As I said AIM is full of broken promises and disappointments but another 2 or 3 years wait will be fine just learning lessons, like a lot of people, the hard way.
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