I have just read over all that was said yesterday. And I am not proud. At all. I'll try to elucidate with a tad of eloquence. If you show me an EMED investor of six years, six months or six minutes, I'll show you someone under water. The resource is world class. Undoubtedly. Something is very wrong. I'm kicking myself for not seeing it, but I still don't know what it is. Anyone else feel the same? Maybe it's just too good for Pi's to have a piece of? Anyways, good luck to you all
Nothing about their mindset it is the reality. They have been long term in a wannabe producer that has performed like an explorer. Either they accept the dynamics of the market or not. Harry did a lot of damage here and now Alberto has finished the job Copper is on its backside. I suggest that they look at copper rather than Emed for the way forward. Buying low is what it is all about, long term holders should be buying now not bleating and whining about the share price. Clearly any valuation now will be poor as is the valuation of every other miner. Look to the future, that is what an investment is.
TL mine was a spelling mistake 'disgusting' but: "Those who claim to be long termers here are long term in an explorer and not long term in a producer."
How do you know what perspective "long termers" have on their investment here? Come on Tracylied tell me.
sng, I can assure you I wasn't being sanctamonious, any new visitor to this board today could be forgiven for never returning, this is a share chat board not a personal blog to vent your anger against others you don't agree with by personal insults and foul language, this has absolutely nothing to do with defending TL I can assure you I disagree with a lot of his posts.
Unfortunately the timing is terrible for Emed but that is the risk you take when you buy a share. Emed are in production now and very soon that production will be commercial as in 24/7 in the ramp up phase. The costs are projected as $1.72 lb as in. I believe that given a resource update, capital costs of 50% of those used in the calculation, oil price at less than 50% of that used, a very favourable exchange rate and a longer LOM the next figures will be more like $1.55-1.60 lb. Obviously those figures will based on steady state i.e. beyond ramp up but even at todays price the whole deal looks very promising. You are not alone being down; my average is 4.04p so I am also down however even if the share price were 8p now I would not be selling. I pay very little attention to the share price as I am here for long term production. Those who claim to be long termers here are long term in an explorer and not long term in a producer. Right now the AIM does not value either; a Copper price recovery and producers will benefit especially those with low costs. I am positive on Copper so must be positive on Emed.
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