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Emed Mining Share Chat (EMED)



Share Price: 8.125Bid: 8.00Ask: 8.25Change: 0.00 (0.00%)No Movement on Emed Mining
Spread: 0.25Spread as %: 3.13%Open: 8.375High: 8.375Low: 8.125Yesterday’s Close: 8.125


Share Discussion for Emed Mining (EMED)


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Bigbaddaz
Posts: 421
Observation
Opinion:Strong Buy
Price:7.50
Trafigura
21 Aug '14
It will be very interesting to see what Trafigura's next move will be, and will it be before the Mining Permit is received ! ;-)
 
Bigbaddaz
Posts: 421
Observation
Opinion:Strong Buy
Price:7.50
View Thread (2)
Director Buy
21 Aug '14
Alberto share purchase is the most positive news we have had for some months. Another great indicator that all is well and going to plan. Alberto buying shares on the open market must also mean the finance talks have concluded. Suggests to me further positive news on its way.
Ticktock1984
Posts: 160
Observation
Opinion:Strong Buy
Price:7.25
View Thread (2)
RE: IQ AL
21 Aug '14
If you read the latest RNS you will see the shares only vest after two years of being in the Job... and at 12p :) we are currently only 7p.

This is great news, It shows the CEO is confident in the share price going up in the medium term future.
arfer2005
Posts: 370
Observation
Opinion:No Opinion
Price:7.25
View Thread (2)
IQ AL
20 Aug '14
I'm sure when I was at the AGM I read in the material they handed out that IQ & AL were NOT allowed any issued shares until Emed were in production. Did I get it wrong PLEASE somebody tell me it ain't so!!!!!!! And if I'm right then what the hell is going on?????
hannis
Posts: 73
Off Topic
Opinion:No Opinion
Price:7.25
£13.1M
20 Aug '14
Completion of the £13.1 million subscription
Ticktock1984
Posts: 160
Off Topic
Opinion:Strong Buy
Price:7.25
RE: Excellent progress made
20 Aug '14
deedee1
Posts: 36
Off Topic
Opinion:Strong Buy
Price:7.25
FYI
19 Aug '14
Having worked to have key permits granted towards the re-starting of production from the Rio Tinto copper project in Spain, EMED Mining (EMED) has announced a €6.80 million net cash outflow in the six months ended 30th June 2014. Together with that negotiations “in respect of an equity financing to support an altered debt and equity structure… have taken considerably longer to conclude than originally anticipated”, this put its balance sheet in a troubling position and has seen it conditionally raise a further £13.1 million at 7.25p per share “to fund its activities up to the end of 2014, and thus enable the company to finalise its plans for the full financing of the Rio Tinto copper project”.

The new funding is being raised from existing investors Orion Mine Finance Fund I LP, a New York-based copper trading and investment company, and Yanggu Xiangguang Copper Co. Ltd, a China-based copper smelting group and prospective cornerstone customer for the Rio Tinto projectThe structure and price of the funding is disappointing – though reflects that it is needed for the company “to ease its short term cashflow issues under which funds are required by the company by the end of the current month”. At least “no commission is due to any parties in respect of the subscription”.

We have stated from the start that financing is a key risk here – though it is emphasised that currently “discussions are ongoing… in advanced negotiations with major international financial institutions for senior debt facilities of $200 million” and that “the restart is expected to be relatively straightforward from an operational perspective, with an established infrastructure and processing facility that can be restarted following refurbishment”. With further additional funding to be needed for 2015 if long-term financing for the Rio Tinto project can’t be accessed by then, there clearly presently remains a strong speculative element to the shares.

However, the upside on financing being agreed and the company moving into production likely remains highly attractive and this thus looks to remain one for those happy to accept the relatively high degree of risk that tends to go in conjunction with the prospect of substantial, relatively quick, capital gains. Buy – when the dust settles the shares will be at 20p.
VanVan
Posts: 314
Question
Opinion:No Opinion
Price:7.25
View Thread (3)
RE: FYI
19 Aug '14
Do you know what the article says?
BlueTed
Posts: 2
Off Topic
Opinion:No Opinion
Price:7.25
Trade in Canada
19 Aug '14
Any one know the reason for the high sales in Toronto?
worsleybird
Posts: 77
Off Topic
Opinion:No Opinion
Price:7.25
Emed
19 Aug '14
Nice thread on iii on EMED - been invested for years - sitting tightly for that takeover offer in the next 12 months or so.
A steal, as always, at these prices for the patient.



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