Member Info for ismalia

Also some positive interest today ahead of the figures. We have been told of positive trading in the update ans with the mc so low any good figures should have a very positive effect on the sp IMO

Copper price at new highs so good for the mine. Copper and Iron Ore prices also good for MGR as they must be broking at lot of product. The high operational gearing will help profits here.

With copper and Iron Ore reaching new highs MGR should be benefiting and with its operational gearing the AMED m/c of less than £5m at 15p it is well undervalued imo. Half year figures due in a couple of weeks will be interesting.

And further new highs for copper Amdeo massively undervalued.

Looks to me as if this is going to bigger than than first thought when relisting. Copper development first then Gold and then perhaps acqusitions to grow a diverse mining group.

The price continues to rise and must be good news for AMED. MC of less than £5m won't be around for much longer. I suspect that the Interims will set the sp moving as there is likely to be good news from the copper investment and MGR.

The price of Copper and the demand for it can only be good news for MGR and Broking is highly operationally geared so we can expect a good return on top of the interest. MC less than £5m as well.

I can see operational gearing clicking in during the first six months and accelerating during the second half. A mc of at least £5m should be seen by the end of the year.

Looks very oversold to me as well and it seems as if there may be buyers coming in ahead of the half year figures which could be very positive given the update.

Been here some time but very disappointed with the sp performance and the last results. But I have to say very impressed with the AGM update and it looks to me as if they are on the turn. The new CEO when he starts could make it a game changer. Have a read of the update.

Why does your Broker have doubts - how has he based his opinion?

I think they will open somewhere near to 80p - 100p to reflect the assets and profitable mine acquired. I further feel that with the copper mine and the prospect of developing the Gold Mine there could be an offer for the company.

Well spotted Kinico and only serves to confirm that AMED are in very good company that can be further developed over the coming years. The half year figures should be interesting as should any update on the second half. It would appear that all investments are progressing well yet still to be reflected in the MC.

And copper seems to be hitting new highs.

A credible post.

Yes I agree and feel the interims will be very positive. The investment in the copper mines although small should be doing well and there should be opportunities for MGR to market the mines copper into the region. This together with Iron Ore into China and other territories will also enhance MGRs position and profitability. The rig sale will be a bonus from a cash point and the yard is well able to tick over in the short term. With a M/C of less than £5m I see AMED as well undervalued with massive upside when the potential is better realised by investors.

Who has the RNS?

Still strong but not yet recognised in the SP. Under 20p worth a top up IMO

Interesting reading

I just wonder if there could be an open offer to PIs after the consolidation and the EGM. The Annual Accounts will need to be approved and the readmission document will need to be produced.