Member Info for Catchingpigeons

U see mate u know just as much as anybody else on this board when it comes to predicting short term events where emed are concerned and had U stuck with ur original thoughts instead of being influenced by others u wud have been even more in pocket now than U were - U warren Buffett of Stoke on Trent - I just can't believe we are here but if no news comes soon it will Prob drop further unless a resistance level has now been hit

All buys so far fellas - ridiculous price imo - but it is only 4.32 to do so - that said one would hope news is imminent -otherwise if it gets delayed til closer to the AGM date as it well might - young Malkis could well be Warren Buffett in the making - it's a tricky game to play at times but if that's what u think will happen and it does - it's hard to knock it - I admire ur bravery mate even if I perhaps wouldn't want to risk it myself old son - but each to his own - cos u pay ur money u take ur chance - and rightly so -GLA

For what it's worth as I don't profess to be a fortune teller altho I did call the release dates for the last 2 RNS 'right - the vibes here at this point must surely be pointing to a deal as the wording of all positive outcomes generally start with the CEO /chairman starting with "I am pleased to " and this has now happened on the lady 3 statements and given this is only extended by 2 days to midnight Tuesday my hunch would be they are close to a deal and will announce something Wednesday - otherwise if there was any doubt of a deal being struck - the wording would, on this release today be toned down much less in order to almost pre empt a less productive outcome - all IMO of course - but we shud know Wednesday I reckon which way it s going GLA

The period of exclusivity runs to the 26th which actually includes today so I would think the earliest an RNS would be released is after the period officially ends which is likely to be on Monday bwtfdik - either way let's hope it's the news we are looking for GLA

He's got nearly 4 million shares as well - Did he buy his open offer shares though - who cares ? He's got 200k tied up here already - I think that says a lot along with Harry's purchase of 13 million as to where they think this is heading myself -as Mr O 's canine representative has intimated they must know the figures and details of the drilling and resource upgrade so if u don't buy now at this stage of proceedings when would u do it -time will tell I suppose as seeing is believing here after what's gone before

Ur right fella - but don't forget he's paid 4.75 for them along with another 2. Odd billion which all hit the market tomorrow - I realise we are getting value for the cash raised but as I've said all along I can't see why tithe share price would rise much above this level til all that completes and the impact of the funds raising is tangible evidence of progress along with of course the move into production and resource upgrades - a director who ever it is - spending £ 650k has to be great news - although there will still be some who will find fault even with that no doubt

I do appreciate that when all the shares flood the market on the 24th the sp will undoubtedly drop but there is a fair chance it won't retrace to 4.75 based on the imminent upgrade/resource statement and progress to production narrowing by the day

It's going to be interesting this I reckon - last few trades to buy on Friday were at 5.48 and the bid at 5.23 so if u did take up ur offer at 4.75 at whatever level ur holding is at -it would provide u with a tidy premium assuming the price stays the same of course - yes it may drop on Mon and Tuesday but it could also rise as well improving ur position even more - a fair few had said they wouldn't take up the offer so would a further uplift change a few minds in the next day or so - who knows ? Clearly there has been a lot of buying on Friday and that can only mean investors are seeing value here even at 5.5 - I wouldn't therefore be surprised one bit to find this will be oversubscribed by quite a distance if the current trend continues - as why wouldn't anyone taking up their offer (only if they have the means to do so of course )not buy anymore when they can do so at 4.75 when u would have to pay 5.5 on the open market - decisions decisions -all will be revealed very soon no doubt GLA

There can't be too many shares that have divided opinion like this one can there - and tbh I fully understand as to why even now at this late stage - there are many who are still thinking I will only believe it when I see it- as there have been so many false dawns ,letdowns and disappointments to dismay even the most positive of mindsets -over the past few years - and no doubt chucking more money in to reduce ur average becomes a really tough call especially at 3.25 as ur belief and confidence has been slowly eroded away - and I get that totally . Lest we forget the share price even 1- 2 years ago -with nothing like the progress seen today - was in double figures for ffs and talk of it going up the late teens with just AS and AAU and without finance - so how can it only be at 4.75 p with virtually everything in place that these new investors today -can buy these shares at such a p--- poor price level - it is harsh put like that -very harsh to all lth's but likewise on the flip side equally everything Traceylied has said is totally spot on and we just have to accept that the world has changed completely and it's a completely different landscape now - of course it doesn't make it right - but can we change it? - No - we can't - and that today once again (with a significantly oversubscribed placing) is further proof that Institutional investors clearly see the value here outing itself pretty sharpish - and tbh that's we want ultimately is it not ? - so maybe it's time to finally stop looking back and start looking forward - as that today surely tells us that this project is finally ready for take off GLA

Afternoon fellas just to let u know I was invested in Ormonde til recently and they also had an exclusivity arrangement with a strategic investor similar to this one - and that also ran for a similar period where the investor does due diligence and no one else is party or can be party to discussions with Tethys within that timescale other than them in this case AGR - my point being it runs to the 12th which actually includes the 12 th so unless a deal is already agreed - then my own guess would be the RNS wud possibly not arrive til Monday but wtfdik - probably not a lot - except ive followed and been in this share A few years now and this is as good a time to be in it - particularly at these levels - with the huge potential it has -than it has probably been for many a moon -GlA

Morning fella not posted for a long time but that's encouraging news today for sure although originally back in Oct/Nov 14 I note that the anticipated flow rate production wise for 2015 was estimated to be 550-600 bopd which then subsequently revised downwards to circa 450-550 bopd -a month or so later - and whilst I accept that Februarys news informing us that the new well had proved commercially was most unfortunate - the stark reality is that we are now looking at just restarting production in June at 75-100 bopd rising to just 200-250bopd in September -assuming all goes to plan of course - which is significantly short of forecasted performance levels - so what does that say or should we be just grateful it's flowing again at whatever level ? I know u are a big fan of KB and respect that totally but the facts clearly show on his watch and since he joined NOP and bearing in mind he spent the first 6-9 months of his tenure shadowing and working closely with Musgrave and the board before taking over and furthermore when he did -the sp was still around 75p level at the time - so nice guy or otherwise his track record to date has not been great by any stretch - that said could we do any better -maybe /maybe not -at the present time but in my humble opinion the next 6-12 months are a critical period for us for him and NOP so I hope ur right Mikey for all our sakes - btw if anyone deserves this to do well it's u fella- hindsight eh ? £1.90 price level way back when - ur loyalty and belief here is admirable my friend - I wish u well fella GLA

So when do u think the Resource upgrade will come fella ?

From reading most of the BBs and those commenting specifically on the offer - there are clearly a lot of people who are most certainly going to take up their 1for 20 offer although there are many who will not - as opinion is understandably divided and I can see that -but what is pretty much agreed is that one hopes that the share price will finally move once the long awaited resource upgrade arrives - and a fair few on here have mentioned they are holding on -to see exactly how that pans out before ultimately deciding their next move - which has to be a no brainer in truth - but the key factor now is timing - when will it arrive ? My guess is that it is probably leaning to coming after the 24th - following the release of 2 billion or so of new shares - but what if the upgrade came beforehand and more specifically by the 16th ? - As if it is as good as it has been muted then surely that it has to drive the price forward sufficiently enough to make the much discussed and much maligned offer price at 4.75 a bargain - irrespective of the numbers u could buy - on ur 1 for 20 offer - Question is - Is that a realistic possibility - well it is - as we know for sure - it's got to be imminent ? And if it did arrive early - for those saying No - would that change their mind ? maybe ? Personally I still think it will it be after the deadline date - but if it did happen it would certainly be interesting to see the reaction then - Exciting , almost riveting and most definitely intriguing times these next few weeks me thinks lol GLA and enjoy that sunshine fellas whilst u can

Even though the bid offer spread up until last half hour was 4.75-5.25 to buy was prob anything over 4.76 and to sell was 4.75 - so that actually means that bizarrely most of the trades today we're buys as most are actually over 4.75 - in fact it was 4.75 to buy a minute or two ago and the same price to sell - I'm not sure the price can go far either way now the terms have been issued -as every one knows circa 2 billion shares subject to approval of course are going to be issued on 24 th June at 4.75 - so if the price either drops or stays the same and u actually believe in this project it's a no brainer to buy at those levels -separately a big plus I hadn't realised until pointed out elsewhere by SH on iii is that when crunching the numbers the big 3 have only increased their overall holding from circa 47% to 58% is quite a surprise- so whilst they may have a monopoly on the offtakes -Liberty who are not part of the off take arrangement and their new 14% stake must mean that their sole objective for investing here is exactly the same as us - which is share price capital growth and poss future dividend returns - and the same principle will surely apply with the 6% placing to other Institutions - my logic would therefore imply that if they do get shut of all the placing shares - which I suspect they will - then they too must think like Liberty - which is why I just can't see the negative spin here especially with a huge resource upgrade due and all the other imminent positives but wtfdik - probably not a lot but each to his own fellas GLA

I reckon there are equal numbers of buys and sells today as Adgy has pointed out the current bid offer spreads - point is everyone will have their view but let's just assess where the share price can go or will go in the short term - we have 1.4 billion shares right now currently trading around 5 p but everyone and his dog knows that on the 24th June another 2 billion shares will be issued at 4.75 p so it's not rocket science to assume the share price is unlikely to move very far in the meantime - but after that -the resource upgrade move into production and lest we forget the big boys will own circa 72% of the total shares which still leaves well over a billion shares in the open market - the other interesting point that's been made is the offtake agreements are agreed on the 660000 tons we have at present but prob do not include the upgraded or unproven figures estimated at 2.5times that figure which puts a totally different perspective on things -so it's not all doom and gloom that's for sure and I still don't quite grasp how the cost savings made in the past 12 months have not only added so much more value but potentially would have made this financing deal so much more dilutive than it has been - some would be taking their shoelaces out had that have happened - like all things in life there is good and not so good and differing slants are always healthy - but the problem here is that as a long term holder with much higher averages - its a tough call to keep averaging down when u have seen so many disappointments over the years and so getting to this point and seeing it all get de risked but looking at a share price of 5p and 3.5 billion shares in situ - that wasn't how it was meant to be - I get that and it's only in this last few months I have been able to get close to this - but had I not then how would I feel - exactly the same as anyone would - I just hope this now progresses big time and rewards everyone who has stayed loyal and kept the faith cos that's what we are all in this for - no more posting from me for a while GLA and ATB to one and all

Well ive been here for ages fella and look we are all entitled to our view and rightly so but for the past 3 mths the sp has been between 4-5p thats a fact and prior to today it was 4.63 - the finance could have been concluded in April and if so it may have been less than 4 - sure I agree totally there are now far more shares in situ but u can't honestly think that any of the big investors are going to be bailing out any time soon -so surely that means there shud be decent liquidity prevailing in the remaining numbers - the massive savings over the past 6 months reducing the amount reqd down to the figure raised is unbelievable - so where wud be if u added another 60 million to the pot just raised - that might have been scary - but even so there are still lots of positives in there SNG and the last couple of posts highlight them pretty much on the head - I have to say getting the finance was always my biggest fear so now it's done -with minimal risk of further finance being needed for some time is a major comfort to me I have to say and with the other factors ie imminent upgrade rising copper price - upgraded production etc etc it may not still be perfect but not the worst either -by a long chalk - respect ur view though mate and no doubt time will tell who's right ATB

Well I never nice one tracielied ur instincts were spot on my friend - there is so much info there it's difficult to fully digest but I seem to recall Harry saying to get to this stage it would cost close to a billion so with finance all sorted up to phase one -no debt on the balance sheet -off takes for the next 15 years - and even with 3.5 billion shares and a mkt cap of 200-250 million I reckon we are sitting pretty damn well myself with a resource upgrade to come - copper price rising and production imminent - the future is looking good to me fellas and I'm so glad I stuck with it thats for sure - it's been a long time coming - happy days in my house that's for sure Gla

Yes mate let's hope so -the other slant of course is that the unsecured loan and convertible loan was extended for 3 mths at the end of March so I suppose the ultimate end date would be the end of June -if matters ran its course - -and that wouldn't be a major shock given the history here - that said -the recent updates clearly tell us they are close but it's still not happened yet - the big debate is why ? Is it because they are just dotting i's and crossing t's or is Alberto wanting to get his resource update into the mix beforehand - it could be either - the wording on his last update gave 2 possibilities - it may be resolved it may not and if it wasn't he would look at other possible short term finance plans - if he does miss the end of May its a £300k penalty - which in the wider scheme is not a lot - but if the resource update does follow that shortly afterwards I'm not sure he would be too bothered tbh - it's a tricky one to call and I now admit I did think it would be resolved by tomoz but on reflection I'm not maybe as sure as I was - if Alberto knows that upgrade is very imminent I could live with that pretty comfortably - either way it shouldn't be too long and GL to all on this board

Admittedly this is with the benefit of some hindsight but the original plan after the extension of the bridging finance was,perhaps always pointing to the process taking to the end of May otherwise why would the T and C s in the contract for not completing before those dates be incorporated therein if that wasn't likely - and would result in Emed effectively paying an interest penalty on the unsecured amount outstanding at that time -which to me would appear perfectly reasonable - as there has to be a closure date in there somewhere - the last RNS released by Emed was true to form and rightfully issued on the last day of the mid may period to keep up their timely record - and we now know since that time - that the temp finance for working capital was,supplied by a variety of providers but not deemed relevant enough to divulge the source as to all intents the bigger picture is rightly the securing of the finance for the whole shebang which Traceylied thinks could happen any day now - and I agree with him - particularly as we move rapidly closer to commissioning by the day and that the finalization of the documents would now appear to be the final missing link - my rationale being they have clearly stated that non binding terms have already been agreed but have also stated publicly they intended to enter binding terms imminently which must imply it's virtually a done deal - otherwise why say that ? and although it wasnt done by the mid may deadline the implication was there in no uncertain terms it would be and reassurance given that short term cash flow was not an issue -so with the end of May approaching then surely it's not unreasonable to think it may conclude in the next couple of days - is it ?ps don't call me Shirley lol -let's hope so come on Emed GLA

Evening Orbiter I know u have been here for many a year although I seem to vaguely recall u saying earlier this year u had sold out here at a 30% loss at circa 7p as the perennial frustrations shared by most of us on here had finally got the better of u and I can understand that mate as u wouldnt have been on ur own -so given where we are now together with the very real and tangible strides forward emed has made since then -I was intrigued to know if u were now back on board or just watching from the sidelines ready to pounce if the financing deal finally takes us to the promised land ?