EMED Mining Public Live Discussion

Purplemonkey 24 Sep 2015

Re: C.A. NAME CHANGE Great maybe my shares will be back over the 14p I paid for them 8 years ago then. pity they'll be 29 less for each one though. seriously though, I do hope this puts them in a good position to finally be valued at there real worth.

Ace08 24 Sep 2015

Re: negativity P Sell ya holding then Phil not much point owning the stock if you think the mine will never produce will go 0p bust if that is the caseWhy did you buy the stock in the first place if you thought the company would never mine Copper ? I bought the stock because I know they will (as long as it's profitable to do so) Not sure I get why you own the stock ?

Ripley94 24 Sep 2015

C.A. NAME CHANGE & CONSOLIDATION. 21 OCT. 1 FOR 30.ATALAYA.

Small Holding 24 Sep 2015

Re: Mining The problem at the moment is nobody is interested at buying at this price and few of us want to sell at this level, the result is minuscule volumes.We want something to make the share attractive to buyers and at the moment that might be either producing market rate concentrate or a boosted resource statement. Both are coming but might yet be a bit away.

Fateddie 24 Sep 2015

Mining Seemed to have had a good day yesterday. This did not of course adjust our SP. In fact at one point i thought that because the news was good for mining, we would suffer a drop!!!!!!!!!!!F.E..

charlieeee 22 Sep 2015

EMED presenting again Mining Capital breakfast conference29th September at the Brewery, 52 Chiswell Street, London EC1Y 4SD."Joining us for this event will be SP Angel mining analyst John Meyer, EMED Mining (AIM: EMED) & Galantas Gold (AIM:GAL, TSX:GAL), African Potash (AIM:AFPO). Further presenting companies will be announced in the coming week.EMED Mining (AIM:EMED - Market Cap: £131m) is a European exploration and development company focused on the redevelopment of a historic open pit copper mine in southern Spain. The reconstruction and refurbishment of the processing facilities are largely complete and EMED has signed offtake agreements for the first 15 years of production. With all key permits now in place and a £65 million funding successfully completed back in June, EMED Mining is now looking to commence commercial production very shortly. Chief Executive Alberto Lavandeira will be at the conference to outline the current opportunity for EMED Mining"So, really cranking up the PR machine now and using the words "commercial production very shortly" as opposed to "producing concentrate".C

Small Holding 22 Sep 2015

EMR Capital buys copper mine [link] Hegarty-backed private equity vehicle grabs copper mineOwen Hegarty and Jason Chang are not relying on a bounce in copper prices.Owen Hegarty's private equity vehicle EMR Capital says it is the "ideal time" in the cycle to buy good copper assets after striking a $45 million deal to buy a mothballed copper mine in Queensland.EMR chief executive Jason Chang said the Melbourne-based firm's investment strategy is not dependent on commodity prices going up.Copper is trading at six-year lows but Mr Chang said EMR's deal to buy the Mt Gordon copper project makes sense, even at current prices."Even at current prices, we think this asset can achieve a very appealing return on equity, with its potential cost structure, long life, upside potential and good grade and scale," he said."Despite the headlines, we believe copper has a great future, supply is getting more difficult."It was "the ideal point in the cycle to acquire quality copper assets".Mr Chang, who co-founded EMR with Mr Hegarty in 2011, expects the fund will make more investments in the next six months. It is looking in potash, copper, gold and coking coal.Monday's deal is the fifth investment for EMR's first fund, which it closed in January at $US450 million.It has been stuck in partnership with private copper mining play Lighthouse Minerals, headed by former Equinox Minerals executive Carl Hallion. Lighthouse will run the mine – which has been bought from ASX-listed minnow Aditya Birla Minerals – while EMR will control the board. The aim is to create a mid tier copper producer.Hindalco, one of the biggest producers of primary aluminium in Asia, owns 51 per cent of Aditya Birla Minerals. The Mt Gordon copper mine has been under care and maintenance since 2013Mr Chang is confident the Mt Gordon deal can exceed traditional private equity return on equity, of 20 to 25 per cent.EMR has also been in discussions over offtake and parties interesting in buying the project when EMR exits.The fund provided the lion's share of funding for the Mt Gordon deal, which will cost EMR about $80 million in total, including working capital.Deal includes a $5 million payment on financial close next month, and EMR taking on $40 million in the project's environmental and performance bonds.EMR is also up for another $10 million payment if the three-month delivery quoted London Metals Exchange price for copper averages at least $4.20 per pound over any continuous six month period between 12 months following first commercial production and 36 months after first commercial production.So the $45 million deal will be about $80 million deal over the next 12 months.EMR invested $52 million in Spanish potash developer, Highfield Resources, earlier this year.

Small Holding 22 Sep 2015

Copper analysis [link] - Copper market may get a 2003-style supply shock from Glencore closuresAs copper miners start to slash spending and shutter mines because of the plunge in the price of the metal, experts who analyse the market in the base metal are suddenly getting a little more cheery.They are seeing the potential for a re-run of 2003 when Chile’s Codelco [COBRE.UL], the world’s top copper producer stockpiled 200,000 tonnes of the metal that is used in everything from pipes to autos, providing the market with a supply shock that soon drove copper prices back up.This time around hopes are pinned on the announcement earlier this month from Glencore (GLEN.L) of a sweeping strategy to shore up cash and cut spending, including plans to shutter two major, high-cost copper mines in Zambia and the Democratic Republic of Congo over the next 18 months. That will cut company output by 400,000 tonnes and remove some 2 percent of global supply from the market.For Glencore CEO Ivan Glasenberg, the plan helped placate shareholders worried about $30 billion (£19 billion) of debt as prices of its main products from copper to coal sank to six-year lows amid worries about China's waning appetite for such commodities.The company's shares jumped 7 percent on the news, although they have since come under renewed pressure, hitting fresh all-time lows last week. They are down 60 percent so far this year.For the beleaguered copper market, it was the first meaningful supply-side shock since the start of the current year-long copper rout. It has the potential to help trigger a long, slow revival in prices, analysts and other experts said.There is a big similarity with the market in 2002-2003, much more than the financial crisis-driven plunge in 2008, said Leon Westgate, analyst at ICBC Standard Bank.Twelve years ago, prices were languishing near 14-year lows and global inventory was skyrocketing. In response, the state-run Codelco built the stockpile of 200,000 tonnes of copper cathodes near the northern Chilean port of Antofagasta. It kept that material off the market until conditions had improved.A DIFFERENT CHINAThe comparisons with 2003 only go so far.China devoured a record 9.4 million tonnes of copper last year, almost half of the global total, against just 3 million tonnes in 2003. The country’s average annual growth rate in demand of more than 10 percent over the past decade has plunged to around 3-4 percent this year, and that has been a big reason for the recent price slump.Arguably the copper market was in a weaker state in 2003 than it is now. Global inventories of 1.5 million tonnes were three times higher than current levels, and at around $1,300 per tonne prices were about a quarter of current levels. Glencore may find it tougher to implement its plan, which threatens jobs in Zambia and the Democratic Republic of Congo, than government-owned Codelco. But the events of 12 years ago could show how a major supply shock may be just what is needed to stem losses, eventually helping prices to recover. Citi analyst David Wilson cautions against taking cues from macro events when producers like Glencore are showing they can respond aggressively to weak prices. "There has been a clear dislocation in the recognition of reduced output growth versus copper prices, but for how long can this continue?," he asked. SUPPLY DEFICIT SEEN Combined with mine outages and China's emergence as a major buyer as its economy took off, Codelco's move in 2003 rescued the copper market from a prolonged downturn. 2005, prices had more than doubled to over $3,000 per tonne, global inventories had plunged to just 100,000 tonnes and the market was in the early throes of a boom that saw prices near $10,000 per tonne in 2010. This time, few analysts expect prices to recover by that magnitude,

Rhodium45 21 Sep 2015

Re: negativity P&L Just because the very first concentrates (in July) weren't any good, doesn't mean that the ones produced in August weren't a bit better and hence marketable at a reduced price. Sounds all very sensible to me.

upthepotash 21 Sep 2015

Re: negativity P&L So phil&leggett, your "Ending my posting here for a while...Phil..." should have actually said apart from a constant stream of non stop wingeing because I've got nothing better to do!!!.UTP.

phil and leggett 21 Sep 2015

Re: negativity P&L First concentrate production was achieved on 31 July 2015. As expected, these concentrates were not marketable but successfully demonstrated that the processing plant is working well from a mechanical perspective. ********** ********** ********** ********** ********** ********** ********** ********** ********** ********** From the RNS 2/9/15 this was the bit that got me going...I expect an RNS to be accurate "As expected, these concentrates were not marketable"...I knew they had a value, then for albert to reply to an email enquiry that they were being sold at a reduced rate as low grade concentrate was what i would have expected to have been told in the RNS...Most of the rest of my postings have been in the most part directed towards Ace's dismal record of ramping SP forecasts upwards, when the SP facts are otherwise...I challenge all of us investors to look into the depths of our minds to question, what we have missed or dont know about this operation, for the market to ignoor the obvious immediate upside of an SP rerate...Big projects like this are always lurking in the background, the market knows all about them but PI's cant keep up with it all...Norlisk..."We have tested our Chita copper project - Bystrinsky mine construction - to see whether it could deliver us another Tier 1 asset,” First Deputy Chief Executive Officer Pavel Fedorov said. “The investment committee of Norilsk decided to proceed with its development” with output mainly going to China, he said.Investment in the Bystrinsky copper mine from 2014 through to a planned startup in 2017 is estimated at $1 billion, Norilsk said in a presentation today to investors in London. The market is negative the SP is negative, i am negative, the Global outlook is erm um, & all you do is complain in a negative way that i moan....As expected...Ah this was wot upset you Potty ole boy, my quote "Emeds never going to make it ACE almost fact..."Yea if they change the name for no good reason it wont be Emed will it...Marathon the peanut bar was never the same when it became an American pair of trainers...Snickers Sneekers....As for patience, i have buy contracts almost two yrs old that should have had sell contracts stapled to them by now...Does your wait & see policy have any conclusions yet??? Here's some...3.50 4.00 3.75 3.75 3.75 ( 8:110) 0.00 ( 0.0) 10,012Regards Phil...

upthepotash 20 Sep 2015

Re: Albert speaks! Name change and growth for EMED - shares could well be very cheap says Bob Tyerman.Spanish copper producer EMED Mining (LSE:EMED) plans to change its name to Atalaya Mining and to implement a one-for-30 share consolidation, as the AIM-quoted company prepares to boost annual production 50% to 7.5 million tonnes a year from the historic Rio Tinto mine near Seville. EMED, whose shares have fallen from a 12-month high of 7.98p to 3.875p with copper in retreat, intends to reach that output level by the end of next June and lift it further to 9.5 million tonnes a year six months later -- with expected extraction costs significantly below even today’s depressed copper.Arguing that Corta Atalaya, part of the Rio Tinto complex, was once the largest open-pit mine in Europe and would make a more appropriate name than EMED, chief executive officer Alberto Lavandeira says the company is now ‘well-funded’ to expand operations, having raised $95 million (£64.9 million) in June at 4.75p and disposed of interests in Cyprus and Slovakia built up by previous boss Harry Anagnostaras-Adams. Lavandeira, onetime head of Rio Narcea Gold Mines who took over at EMED last year, indicates it is likely to cost $58 million to go to 7.5 million tonnes a year and declares the company has slashed ‘almost $100 million’ off the previously anticipated cost of developing the mine, which boasts proven and probable reserves of 123 million tonnes with 0.49% copper and measured and indicated resources of 203 million tonnes with 0.46% copper.The plans he inherited involved debt funding of around $250 million (£162 million), a formidable sum for a company, which lost £12 million in the half year to June and is now valued at £140 million in a copper market which has seen the metal’s price fall from $4.50c a lb. in 2011 to $2.41c a lb. now. ‘When I arrived, I saw it would not work,’ he recalls and soon decided the company should shun big contactors and instead ‘do all the work ourselves, bit by bit, using local firms.International commodity trader Trafigura holds 22% and Chinese smelting group Hong Kong Xiangguang Internal has 21.9% of EMED, which pruned $50 million off its cost estimates, partly by delaying expenses which would not be needed for the first phase of the expansion, and, says Lavandeiro benefited to the tune of $25 million from the weakness of the euro against the US dollar. ‘We used only two non-local companies,’ he emphasises, ‘and spent only $6 million of an engineering budget of $30 million, with no short cuts.’On operating costs Lavandeiro says ‘we could survive with a copper price of $1.90c a lb, we are OK with a price of $2.40c a lb. and at $4 a lb, we would be printing money.’ He adds ‘we have offtake deals for 100% of production’ and suggests Rio Tinto’s open-pit resources could be expanded by 20% before moving underground.If copper rallies, so should the EMED/Atalaya share price.

Small Holding 20 Sep 2015

Alberto's share options Just a reminderOn 14th April 2014 Alberto was granted options on 6 million shares exercisable at 12p, they expire in 5 years (19/03/2019)So after the consolidation he needs a share price north of £3.60 to make money on the

Small Holding 20 Sep 2015

Re: Albert speaks! "and suggests Rio Tinto’s open-pit resources could be expanded by 20% before moving underground."Bearing in mind Alberto knows the drilling results so far, with 606,000 tonnes of contained copper in the open pit, 20% adds another 120,000 tonnes at $5300 per tonne or $636 million to the reserves, not bad even at today's subdued prices for a company with a market cap of about $200

upthepotash 20 Sep 2015

negativity P&L phil&leggett you posted this on 08/09/2015 ""A share that continually falls on good news, is it not better to advise a wait & see policy, despite that being against my personal interests a more honest approach....Ending my posting here for a while...Phil..."I see it lasted all of three days and all you have done since is moan or post in the vain of thread title, while most of us follow patiently "wait & see policy" UTP.