stillnotguilty, my comment was in reference to you thinking that there was to be a major placing any time soon, there not. Of course I'm not happy that the sp has not risen following the AS, but the derisking factor for me was in receiving the AS. It matters not now whether my return starts next week, next month or in several knots. The fact is it will happen. We now have the right to mine. I had always said when I sold out last; I don't care what price I bought back, as long as AS was in the bag.
Hhardon. I'm not sure one could ever label me as someone who fell in love with Emed. The project is exciting yes, very exciting I fact. However if you knew my posting history on this stock, your claim that I have fallen in love with it, is delusionally optimistic, and very funny too.
I think your post just about sums things up perfectly. I am expecting an uplift in SP once the finance news has been announced. I feel confident, especially now Emed have the AAU & AS Permits, that the financial package will be a favourable one. We already have the understanding that Emed dropped the original GS offering for a package that favoured us more. I am expecting it to be positive news. Just hope it is well received by the market.
Surprised to hear that you think that they were all good points. There is no mention of how cheap it is for Emed to produce copper or that we are a sitting target for a t/o. Also nothing about our market cap being sweet fa when everyone knows what we actually own. The sp is actually a joke and it's only a matter of time before take off. Any hint of an upturn in copper price or t/o or resource news and this will be at least 15 to 20p. And I've not even mentioned finance news
All good points well made Eagle. Harry led the project through its most difficult & formative stages & it is his work which laid the foundations for what will soon(by 2015) a functioning mine. He was ,however,very well paid for his work & he holds a large number of shares,so he will personally gain materially from our ongoing success. As a very large% of our issued shares are held by a very small number of investors,it is they who will decide whether or not we remain independent or sell out to a speculative early bid & we PI s will have absolutely no influence. The age old addage "it is better to travel than arrive" works well when the SP of the company in question has increased substantially ahead of the long awaited news-which couldnt be further from the truth here.Some of us have made some profits here but no one will have (yet) made a "fortune". Having been here for 3 years + I wont be selling in a hurry & if our SP continues to decline I may be tempted to buy more,as,at some stage,our value will be much higher than it is currently.
EMED (LON:EMED) shares have lost as much as 20% since Fridayâ€™s breakthrough news that the company has been given the green light to develop the Rio Tinto copper mine in Andalucia, Spain. The question on everyoneâ€™s lips is, of course, why? Maybe it was the unfortunate timing, about 3pm on a Friday during the school holidays, and perhaps it wasnâ€™t helped by 3mln shares clunking into the market in one trade within an hour of the news. One trader claimed the permitting breakthrough was now too little, too late and pointed to weakening fundamentals for the copper market. Separately, a City analyst speculated that some investors may have been stuck in the stock for a number of years, and with volume in market they saw the opportunity to get out. Another analyst, meanwhile, questioned whether investors in EMED might fear yet more permitting will be required before mining starts. Whatever the reason, many will be left with the sense the marketâ€™s response sells short (figuratively speaking) a considerable breakthrough for the company and the project. Fridayâ€™s news was more than five years in the making. Getting the go-ahead to redevelop the Rio Tinto copper mine is a major, albeit long overdue, achievement. Prior to the news the prospect of EMED actually rebuilding the Rio Tinto mine felt like the prospect that David Moyes would be sacked at Manchester United â€“ seemingly inevitable yet never imminent. Investors have been told countless times of the authorities' positive indications, even if they did require a certain amount of acquired knowledge. Indeed, how will we forget the â€˜fourth signature of non-objectionâ€™ announcement in December 2010. Like an old favourite on a greatest hits album, you can look at it now and find it captures a certain zeitgeist. On first reading it was almost impenetrable, with the text heavily laced with intricacies and nuance particular to the bureaucracy of Southern Spainâ€™s mining legislation. Upon closer inspection, though, it appeared the wheels of progress were turning, albeit turning slowly and an attractive opportunity apparently remained on the horizon. The hard work and time invested by the company wonâ€™t be doubted by anyone who in recent years has met or spoken to Harry Adams, and his group of Australian miners who steered the project through the long, almost Sisyphean undertaking to get the project permitted. That many of them were no longer at the company when the approval arrived is an unfortunate, but reasonable reality. The evolution of EMED into an increasingly â€˜Spanishâ€™ organisation as the project moved closer to production was always part of the plan. Harry stepped away from EMED late last year, moving on to chair the companyâ€™s part owned associate KEFI Min
I think we may have to wait until real production to see true value here. I do expect an uplift on financing and the updated jorc but I would've said that on AAU and AS also. It's a hold for me over the next couple of months. Good luck
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