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Points 1 and 2 I totally agree with. Point 3. Really are sure; how can PI's have been fleeced? how long have we been able to buy well under any price any major shareholder has paid. They cannot buy on the market at 3.8p they have paid 4.75p and much more in some cases. Is it not us who is fleecing them. Explain how PI's are being fleeced as I just do not see it. The main investors are steering the ship through the board towards a successful restart of production, fully funded and no debt. They will produce the ready market to sell into. Clearly had alternative funding been available it is the job of the nomad to explore that; if it was available it was poor value. They also would not have side stepped the trigger for Astor which more than makes up for any pain. It was Emed who delayed the finance and remained in control of the cash in hand, look at the chart had they triggered earlier the strike price would have been lower. They held off as long as they could to get the best deal. 1. Yes of course we need the Copper price to go up although even at todays price the profit will be strong given the current exchange rate, savings in the restart and the oil price. 2. Why would any of the 4 sell any shares and I doubt even if they did they would not get a sniff on the open market. 3. The PR strategy with 4C is already commissioned and will start with the investor evening in a couple of weeks, there will be a name change to Atalaya and promotion to get the name into the right circles. They do not want nervous penny share gamblers and traders with their pocket money and will target HNWI's. Step up or step off.
I must say I find your view rather confusing. It is the PI's who control the share price; a tiny percentage of shareholders determine the share price hence why liquidity is poor and it takes very little to move the share price up or down. It certainly is not boxed off for the "big boys" as you call them. The relationship is symbiotic, the off-take partners must buy the Copper concentrate even if at that time they do not want it, Emed have a guaranteed market. That market is no more than 75kms away being the nearest port and smelter. Many who produce concentrate have to ship thousands of miles to market. They buy the Copper but they do not pay themselves (I really do not know where that comes from) they cannot pay themselves a dividend without also paying us. I say again they cannot get paid unless we get paid. The major investors are not just here for the Copper they will be looking for a return on investment after all they can buy Copper anywhere in the world at full market price. Emed will be a producer of concentrate not Copper and will be paid by the ton produced at the smelter wherever the concentrate ends up in the world at full market price minus penalties for by-products plus credits for other metals. That is how it works for all concentrate producers. My advise is that when this share price responds do not trade the share; hold tight for the dividends because they will be substantial. Emed will be a huge cash generator at even average Copper prices and the larger investors will want profit from this deal so once at steady state we will get dividends. Their profit is our profit; that is the benefit of having strong partners. Emed ceased to be a punt a while ago and has now become an investment; Emed are very shortly going to become a cash cow and if you want to take advantage you have to hold some shares. Traders will create volatility but ultimately the shareholder base is quite small and the share supply will dry up quickly with just a small amount of demand and the share price will squeeze up. My mid to long term is still 20p; that will be a combination of share price and dividend and I take a 3-5 year view. Do not be fooled by the shaky start Emed have a lot of idiot shareholders right now trading but they will move on as they breakeven. Atalaya will be looking for a more refined shareholder, someone who knows how a producer acts and what we can expect. The campaign starts on the 10th September; step up or step off.
We can discuss x,y and z til the cows come home. Fact of the matter is that EMED is boxed off for the big boys. Aside from a few pictures on the website, we're largely forgotten. And you can't blame them either. They take the copper and then pay themselves. Pretty sweet deal. If this ever rises, my advice is trade it to smithereens. It ceased to be an investment about a year ago. Gla x
Nice to turn around good find Mr onions
METALS-Copper jumps most in 2 years after Fed officials calm markets | Reuters http://www.reuters.com/article/2015/08/27/markets-metals-idUSL5N1122LL20150827
The reasons why the sp is underperforming are imo. 1 mining sector as a whole is massively down. 2. The only share liquidity is among pi's, most of whom have moved on and dont trust the share due to many past issues, you only have to look at the number of shares being exchanged to know that, there is just no volume. 3. Emed don't care about us pi's and prob never will as their 4 main investors are the one's steering the ship now, we know this because alberto and his predessors never sought alternative funding other than fleecing existing pi's for more money and then when negotiations were finalised they were on their arse with no room for manouvre as they had run out of cash. For pi's to make money here several things need to happen: 1. Copper price needs to increase. 2. None of the 4 large investors sell their shares into the market. 3. Newsflow needs to be forthcoming to generate investor interest and thus increase the volume of shares traded. GLA.
Is having a very nice.
Are we all just stubborn as hell? Why are we still here? We're all adults, the majority of us partially educated.could be the incessant masterpiece, we are all so fond of
Mepobre. I love you. You are funny as. As for this rubbish, it is strange that you can't point out a single winning private investor, from the beginning of time. The table is tilted. The game is rigged. What a joke company
I'm always wary of putting any poster on ignore but in Tracylied's case, I now have no such reservations.
TL, maybe you have skim read my previous post and missed a paragraph . If I may repeat : ' To solely blame the current copper price and ignore the companies poor communication of positive news and key milestones reached is either naive, ignoring the facts, or plain stupid ....In some cases it could be all three ! ' ........ Have yourself a good day.
Let's hope the shareprice starts to reflect stage 3 shortly: https://www.google.co.uk/search?q=junior+mining+life+cycle&prmd=ni&source=lnms&tbm=isch&sa=X&ved=0CAcQ_AUoAmoVChMIr9bBpYrJxwIVpBbbCh178A7q&biw=360&bih=511&dpr=3#imgrc=-2oJIVxMd5TYkM%3A
MM,s up to there old dirty tricks again. 3 days of heavy selling & they keep the sp at 3.88 hmm now if it was .5p they would send it down no matter how much was sold
BBD, now that's a far more accurate picture of the current situation and one which I agree with wholeheartedly. Thanks, Sheps.
They can only release the news when it is available, I can see no issue with the news flow. It takes time to restart a mine and they are well ahead of schedule. There is no point in Emed talking until they have something to say. I don't know what you want but I want a sustainable rise into dividends when production is at 9-10 mtpa mid to late next year. If you need reassuring with a higher share price now then maybe this is not for you.
I totally agree BBD, Can i also point out that India has a huge population and is growing at over 7%. It is not just the price of Copper, the BOD must take responsibility for som of this tragic SP. Good luck to us all F.E.
Emed the company, and the way they have inadequately delivered newsflow the past 12months IMO is the main driver and reason why we find ourselves sat at such a poor share price. To solely blame the current copper price and ignore the companies poor communication of positive news and key milestones reached is either naive, ignoring the facts, or plain stupid ....In some cases it could be all three ! Emed and it's management have failed to make the most of a number of key moments the past 12 months IMO. Is this due to their own inabilities or has there been some manipulation going on in the background. For those believing there may have been an ulterior motive behind our SP dropping so steeply and the Big3 and the addition of a new 4th party to purchase the majority of the huge amount of additional shares that were raised, now have been gifted with the opportunity to purchase shares today approximately 20% cheaper than the placing most of us, and I include myself, were complaining about at 4.75p. For this reason and my belief the Big3 will now be happy for future newsflow to be delivered I am a buyer at today's prices. However I and most certainly nobody else on these boards has the given right to tell people to buy, hold or sell ! It is our own choose, our own decision on what we do with our shares, and we should respect others decisions even if this differs from our own opinions. I am of the opinion we will start to receive positive newsflow mid Sept, with additional positive newsflow continuing in October after the analyst visit. I may be dumb and daft as some have suggested, and only time will time. I believe there is the potential for some very positive newsflow to be delivered. I hope Emed will deliver this newsflow to the market in a professional manner, which they have failed to do the previous 12 months. This is what I am gambling on. The copper price is where it is right now, and although not ideal, Emed as a producer will still be able to make a profit at these levels. There will be many current producers that will be forced to reduce their production of copper, and there will be mines that won't be able to continue to produce if copper continues to fall. This will reduce the level of supply, which in turn with stronger demand, will increase the copper price in time. Many seem to be missing the point that China is still showing growth. The fear is 'being caused' as this growth is nowhere near the 7% predicted by some analyst. But, it's still Growth and I personally still see demand for copper at either the same levels as this year going into next and beyond. The worlds consumption, IMO, is not shrinking, but there may have been excess copper being produced. With current copper prices there may not be much excess, which will increase demand and should reflect in stronger copper price - which could potentially benefit Emed yet. This is now down to the company more so than ever to show the investing world how professional they are !
http://www.reuters.com/article/2015/08/27/markets-metals-idUSL4N1121K820150827
Is this what happens if I have a day off.. Hi SNG, you seem to be on form again. I only wish I had taken up the 4.75 share offer, I could have felt even more pished off. To say emed have outperformed the sector is like saying Bradford and Bingley has outperformed Northern Rock. The core reason for this malaise is the corrupt authorities that blocked the permits until the brown envelopes were dispensed. This added 4 years to the proceedings, long enough to bankrupt Emed and leave us in the situation we are today, shareholders of a company that we no longer own. Blaming Harry is out of order, he was driven to distraction by the constant blocking of any progress and cow tailing to these bunch of Spanish thieves. The whole country is corrupt, no matter what the situation. It was Tomatina yesterday, used to be free. Now it's 10 euros, nearly half a million made by the town hall that will never see the light of day again. Just one example of the way this third world country operates. To make matters worse, you can't buy a packet of fags or an Anadin after 2 o'clock. Lazy bar stards worn out after doing 5 hours since 9am.
FE, it takes more than a ramper or a damper to stress me but thanks anyway, TL is so short sighted that he cannot see that his ramping and comments about others has the reverse effect to what he's actually trying to achieve. Sheps.
Sheps, Sadly TL (in my experience) will not take a blind bit of notice in your comments. I have stopped concerning myself with his rude comments. He is a ramper in my opinion (although he will of course not agree and ask me to look up the definition of ramping) and strangely is not at all interested in making any money. Dont get stressed with his words. GLA F.E.
TL is isn't a case of whether I like you or not, I have no problems if you want to deceive yourself about your investments and the underling company, it's when you try to tell others they are wrong and tell them what they should and shouldn't do that annoys me greatly. Thanks for the tip!!! I now feel much happier that my losses in EMED over many years are my fault and not the company's, you keep burying your head in the sand of you want TL, but I've no intention of doing so, your seriously deluded about the situation we find ourselves in which is fine but stop preaching that others are wrong for holding a different view. Sheps.
I care not if you like me or not. You need to look at your investment every day; not at what you paid but at todays share price. Knowing what you know now would you buy all over at 3.9p. If the answer is Yes then you hold even if you have paid 10p a share. You cannot change the share price just your perception of it. You can only spend your money once and you should not judge Emed by your entry point when you should be judging yourself.
I don't see that there is anything wrong with this share, it has without doubt outperformed the sector. When the permits were issued it was a classic sell on news; gamblers were watching the boards and sentiment was poor so they sold. Following permits Emed were set for a long construction and finance period; those who did not want to be in for that sold. It is absolutely classic that near term producers share price scales back massively during construction if they do not have existing production income. I started to buy when construction was well under way and have been buying ever since on the dips. The model picks up when it production and moves on greatly with profit. All producers have been through first construction and most I have looked at went through exactly the same cycle the Emed share price is now. The extent of the re rate depends on the Copper price but even at £1000 a ton margin PRT is hugely profitable. Clearly I would rather see £2-3000 a ton but it is what it is.
You could have said this yesterday, and I wouldn't need to apologise. Xx Was a joke