My sincere opinion seems to have offended you for some reason, but you havent actually told me which part of my statement is incorrect? but to continue your slightly sarcastic comment you could argue that people who invested in Premium Bonds at virtually 0% average return would have more money in the bank over the last few years than most Emed Investors. Premium Bonds would look like very shrewd investors by comparison with Emed. The point point is that whilst directors make what were obviously poor predictions of time-frame for results, underestimated costs and the amount of borrowing required, it is Shareholders who pay for poor judgement whilst directors continue to be rewarded by Salaries, company cars expenses etc I am not naive enough, not to know that this scenario applies to the majority of AIM shares, as also indeed it is well known that most small businesses fail. I am obviously prepared to accept this risk in order to invest but I dont feel the need to be an 'eternal optimist' on every drop of news that is' fed' to us by PR men. Ultimately share prices will only rise when more people wish to buy than sell, and this hasnt happened yet despite various milestones being passed. GLA.
in EMED. Financing will be one big yawn.The dusty road to production will be no big deal either.When they prove their mettle and are on the cusp of delivering a dividend.....and that is along way off. What will be the price of copper average over next 5 years? I am out of EMED (and into SOLO.) GLAH. H.
This news I keep reading here is all well and good, but I feel like a donkey that never gets any closer to that carrot on a stick. Meanwhile the company is spending plenty of money on specialists, planning,public relations, 'interest on loans', maybe some backhanders, and not least their own director salaries, and as you know, the the directors pretty much decide how much they get paid. If the company were to go belly up they just move on to the next company.This is all happening whilst not an ounce of copper has been sold, and despite the potential for profits from RIO, the debts are piling up and we cant keep hearing that the 'cheque is in the post' . This is the reason that the market hasn't put a higher value on the shares, it is not share manipulation as some think.
They are at an advanced stage. But as stated before; at the last AGM, they cannot finalize anything until the mining permit is given. When the mining permit is given Sept./ Oct. then the financing will be announced shortly after.
IMO value is being held down by uncertainty over financing. It's been quite awhile since they said they were at 'an advanced stage of negotiations'. Nothing official other than that they are trying to raise $200m.
If/when they do get funding stock price could react in either direction depending on the terms. There will likely be some combination of offtake agreements, bank loans, and equity. How much of each and at what price.
Any equity means dilution, which is the worst case for us PI's. Keeping my fingers crossed that it will be mostly loans and offtake.
Could anyone tell me why most are valuing this company so low?! What with the silver and gold in the tailings (even if it's refined outside the company), not to mention the other gold mine in europe. Ok it hasn't been developed yet,but it still has a large value on it. We haven't even had any drilling results yet, but the drilling results aside, Emeds other assets are not mentioned, only what the plant is currently worth and what the projected copper output could be. Personally I would like to see between 40p - 60p to sell. In one of Harrys speeches he mentioned that this share could reach £1 by Christmas ( obviously anticipating receiving the permits at the time ), was he just plucking that figure out of thin air? I don't think so, he must have done his homework on this! If we don't achieve 40-60p then I hope Emed don't sell and go to production. We've all been waiting so long for this, doesn't anyone want to see us getting the most and TRUE value we can out of this! And if anyone reads this site and sees what some people are willing to let it go for, then that's what we will be offered! GLA
and doing some PR work not that it will make a difference but to remind myself to hang on in here......this is one hell of a mine! nothing like it and cant believe its hovering around 8.50....................
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