I would suggest all those who know what EMED have bought at prices well below 5p. It will only be the late developers or those who have not yet bought enough who will be buying now. I have invested heavily at a 4p average and I have my fill. Just sitting and waiting for the inevitable re-rating now. I would be quite happy with some equity raising at 5p if the total required were much less than the $153m total so far declared as required. I am hoping it ends below £90m; any less will be a huge bonus.
The finance placing will be between 5-7 p thats why imo the sp is hovering around this level. Once this is out of the way the sp should start to move; dont forget about the reserve update to come and the improving copper price which will add value....also our name change should be happening soon to, all to play for....
I don't think it starts tomorrow. Surely the mid month will be the 10 days or so after the start and before the end. I suspect we will get news next week although tomorrow would be good so we get plenty of exposure over the weekend however no matter when it arrives it will amount to the same thing. The important figure for me is the amount of cash required. I am hoping it is less that £90m to complete the works. Some smart new photos today on the website showing rapid progress. Not long now; the chance to buy at 5p will not be here for much longer.
Mid month zone starts tomorrow as does the countdown to a comprehensive resource update & details of long term financing,both of which should see our SP significantly higher,even with some dilution. The consensus now seems to be that new shares will not be offered to all shareholders,which would be a pity as I have maintained some liquidity-just in case.
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