Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

EMED Mining - One to watch (EMED)     

PapalPower - 07 Jun 2007 12:23

Chart.aspx?Provider=EODIntra&Size=283*18Chart.aspx?Provider=Intra&Code=EMED&Size

EPIC : EMED

Web Site : http://www.emed-mining.com

6th June 2007 Broker Note : Link Click Here (PDF file)

5th June 2007 Hardman update : Link Click Here (PDF file)


The principal activity of EMED Mining is to explore for and develop natural resources, with a focus on copper and gold. The Company's region of interest spans from Europe to Iran which includes many past centres of mining and under-explored potential for many styles of mineralisation such as volcanogenic-hosted massive sulphide copper-gold, epithermal gold and porphyry copper-gold .

The Company has been listed on AIM (Code:EMED) since May 2005. Shareholders approved changing the Company's name from Eastern Mediterranean Resources Public Limited to EMED Mining Public Limited in September 2006.

PapalPower - 07 Jun 2007 12:23 - 2 of 83

2

PapalPower - 07 Jun 2007 12:23 - 3 of 83

3

PapalPower - 07 Jun 2007 12:23 - 4 of 83

4

PapalPower - 07 Jun 2007 12:39 - 5 of 83

GECR also did a write up a few weeks back which went out on a free email shot, a more ambitious target price than the broker (broker saying 32p target for now).


From GECR:-

EMED Mining Option over Spanish Project : target price increased from 27.75p to 79.4p - Buy at 13p


Key Data

EPIC EMED

Total no of shares 126 million

Market AIM

Website www.emed-mining.com

EMED Mining has today announced the acquisition of an option over a copper mine in Southern Spain which is expected to accelerate its transformation from an explorer to a producer. The mine is fully developed and operated for many years but is currently dormant. So this deal will, by resurrecting the mine, bring much needed jobs to the area and hence should have strong local and regulatory backing . Other recently permitted mines in this world-class Iberian Pyrite Belt include the nearby Inmets Las Cruces and Lundins Las Blancas mine and its Neves Corvo mine in Portugal.

From the investors perspective, this is a mine which could plausibly generate 33 million in free cashflow annually from mid 2008 onwards and hence it creates real value for EMED on a heavily risked basis we believe that this acquisition increases our valuation of the group from 25.5 million to 100.5 million. The Spanish deal is being partially funded by the issue of equity but even on the enlarged share capital our estimate of fair value rises from 27.75p to 79.4p and we reiterate our buy stance.

The deal announced today is that EMED has secured an exclusive option to acquire 100% of Proyecto de Rio Tinto (PRT) copper mine and processing plant in Spain. The price of that option is to fund care and maintenance on this dormant operation which will cost 1-2 million pounds. The PRT mine has the potential to complement and add value to EMEDs exploration asset growing portfolio and generate early cash flow as early as the second quarter of next year.

The exercise price of the option to acquire 100% of the PRT copper mine and processing plant site is capped at 75 million euro (approx. 50 million pounds) and covers the costs of restart and clean-out of the creditors of the vendors debts and obligations. The project, originally built and operated by Rio Tinto (RTZ) within the Iberian pyrite belt, is adjacent to the town of Rio Tinto, 65 kilometres northwest of Sevilla, in the Andalucian region in Spain. The PRT mine, currently operating on care and maintenance since 2000 due to then-prevailing low copper prices (below $US1/lb), comprises a complete set of mine and plant infrastructure, mineral rights within the main tenements and exploration assets. The plant was expanded in 1996 and had a peak throughput rate of 9Mtpa in 1998, with head grade 0.49-0.61% Cu and concentrate recovery of approximately 23% Cu.

It contains in-situ JORC-compliant Resources and Reserves copper exceeding 1 million tonnes (1.2Mt) and 300,000 tonnes (342Kt) respectively, based on 209 million tonnes at 0.57% copper resource and 53 million tonnes at 0.65% copper reserve, independently verified by AMC consultants. The company expects to increase reserves during 2007 by completing pit-design and optimisation studies.

The companys objective is to trigger its option to acquire 51% of PRT in the fourth quarter of 2007. That, and the costs of restarting the mine will cost EMED 18 million but the option will only be exercised after EMED is satisfied that its stipulated conditions precedent have been satisfied. The option to acquire the remaining 49% can be exercised in tranches of no less than 10% per annum, during the next four years at a cost of 35 million. In addition, the company expects to invest further capital in environmental improvements in this site which was mined for over a century and in expanding production and in restoring and rehabilitating the site.

The conditions precedent, include receipt of all regulatory approvals and the satisfaction of the company that all the vendors liabilities and contractual commitments to third parties have been settled . The various obligations are related to the ongoing care and maintenance funding over the past 6 years and from bankruptcy and litigation of related parties. Regulatory approvals from the regional Government of Andalucia, are linked to EMEDs consideration for undertaking responsibility for site restoration and rehabilitation, funding care and maintenance, and other social, environmental, technical and financial solutions. The completion of technical due diligence for planning the restart of the mine, processing plant as well as a fast track site restoration and on-going long term production plan, are part of the conditions precedent. The regional Government of Andalucia is very supportive of development and can be expected to support this transaction as long as EMED can clean up the baggage of the past bankruptcies. In this regard it is notable that the EMED Board includes not only a Managing Director with strong commercial experience but a Chairman who was previously head of investment banking at Rothschild.

After due diligence and other legal/technical advice from independent consultants AMC Consultants, Golders International, and legal advisers Baker McKenzie, Madrid, the company considers its feasible to restart production in the second quarter of 2008 at the initial rate of 27,000 tonnes per annum copper-in-concentrate. That would generate annual revenues in the order of 71 million pounds at copper price of $2.50/lb or 51million pounds at copper prices of $1.80/lb (current spot price of US$3.70 /lb). Plans to expand production over time to 40,000 tonnes copper in-concentrate throughout the site are also in the companys sights. Current operating costs are estimated to be $1.32/lb, or approximately 39 million pounds per annum at the initial production rate. At the initial production rate at a copper price of $1.80/ lb the free cashflow generated would be 13 million per annum. At $2.50/lb EBITDA would rise sharply to 33 million per annum. Of course, initially EMED would have the rights to only 51% of those cashflows but with such strong cashflows to borrow against it could easily gear up to buy out the minority shareholders at an accelerated rate.

EMED believes that the 18 million needed to exercise its option to buy 51% of the equity and to restart the mine and the 24 million it needs to expand output can be funded via a combination of project finance, pre-sales to customers and project cashflow.

To fund the option and to accelerate its exploration elsewhere in Southern Europe, EMED Mining has expanded its shareholder base through a 4 million placing, with the introduction of major mining company Gold Fields, project financiers Resource Capital Funds and Rand Merchant Bank, to its shareholder base. The 33.3 million new ordinary shares placing at an issue price of 12p, will raise 3.8 million net which will finance the initial due diligence and permitting phase at PRT (2.5 million) with the balance funding exploration expansion and advancement of projects in Slovakia and Cyprus.

Australias Oxiana has maintained its holding in EMED at 12% by supporting the placing but as a result of this offering of equity, Gold Fields now has a 10% stake, the management has 15% (27% fully-diluted) with financial institutions in Australia, UK and the USA holding 28%.

EMED has also announced that it intends to expand its current project operations, particularly at its recent gold discovery at Biely Vrch in Slovakia, where the company has applied for additional exploration license acreage. The company is currently drilling over 500 metres at Biely Vrch, with the best of only 5 drill holes to date assaying 1.2 g/t gold. Of significance, Gold Fields has being granted the first right of refusal if EMED Mining decides to joint venture its Slovakian interest within the next two years.

The progress made in Slovakia indicates that our existing valuation of EMED at 25.5 million was cautious. However it is the news from Spain which transforms the outlook for the company. Our valuation of PRT is based on copper prices of $2.50/lb which is well below the current price of $3.70/lb and our model is risk weighted to account for political uncertainties which may derail EMEDs plans as well as risks inherent in project financing such a large scheme. None the less we still value the PRT deal at 75 million and hence we are increasing our group valuation to 100.5 million or from 27.75p per share to 79.4p per share. The stance remains buy.

PapalPower - 13 Jun 2007 04:30 - 6 of 83

New GECR update out on all the companies on their free email ( via www.uk-analyst.com )

12th June 2007

EMED Mining has secured an exclusive option to acquire 100% of Proyecto de Rio Tinto (PRT), a copper mine and processing plant in Southern Spain, which is currently dormant. The option will cost the company between 1-2 million pounds for funding the care and maintenance of the dormant operation. The option gives EMED Mining the opportunity to examine and potentially acquire the PRT copper project in Andaluc, which is within a world-class Iberian Pyrite belt.
The mine could potentially generate 33 million pounds annual free cashflow as early as mid 2008 and create added value and serve as a perfect fit to EMEDs growing exploration and near term production asset portfolio. As a result we believe that this acquisition adds significant value to our group valuation, and as a result on a heavily risk weighted basis, our sum of the parts valuation is revised upwards from 25.5 million pounds to 100.5 million pounds. Our estimate of fair value rises from 27.75p to 79.4p based on the enlarged share capital, following the issue of 33.33 million shares, which will partially fund the PRT project.

The company can trigger its option to acquire 51% of PRT in the fourth quarter of 2007, after it has examined the mine and completed technical due diligence on the economic viability of the project. The purchase of the 51% and the costs of restarting the mine will cost EMED 18 million pounds, subject to stipulated conditions precedent being satisfied. The option to acquire the remaining 49% can be exercised in a tranche-structure of no less than 10% per annum, during the subsequent four years at a cost of 35 million pounds. The company expects to invest further capital in expanding production and in restoring and rehabilitating the site and estimates that it would cost around 24 million pounds to restart and expand the mine, with that cost met from a combination of project finance, pre-sales to customers and project cashflow

The PRT mine, originally built and operated by Rio Tinto, closed in 2000 due to then- low prevailing copper prices (below $US1/lb) and had a peak throughput rate of 9Mtpa in 1998, with head grade 0.49-0.61% Cu and concentrate recovery of approximately 23% Cu. The mine contains in-situ JORC-compliant Resources and Reserves copper exceeding 1 million tonnes (1.2Mt) and 300,000 tonnes (342Kt) respectively, based on 209 million tonnes at 0.57% copper resource and 53 million tonnes at 0.65% copper reserve, independently verified by AMC consultants.

The restoration of the mine is welcomed by the local Andalucian authorities, as it is going to create jobs for locals and improve the economic conditions of the area. Regulatory approvals will be forthcoming from the regional Government of Andalucia, subject to EMED undertaking a responsible approach towards site restoration and rehabilitation, whilst it invests in social and environmental initiatives. The company is expected to pick up the baggage of past bankruptcies and cover the costs of re-start and clean out of the vendors debts and other obligations. On the other hand, EMED Mining expects to proceed with the proposed acquisition only if the company is satisfied that it can operate the mine with a clean bill of health, having received confirmation that all vendors liabilities and contractual commitments have been settled.

It is feasible to restart production of the mine in Q2 of 2008 at initial rate of 27,000 tpa copper-in-concentrate, which would generate approximately 71 million pounds pa at copper price of $2.50/lb or 51million pounds pa at copper prices of $1.80/lb (current spot price of US$3+/lb). The company has plans to expand production over time to 40,000 t/pa copper in-concentrate throughout the site. Current operating costs are estimated to be $1.32/lb, or approximately 39 million pounds per annum at the initial production rate. At the initial production rate at a copper price of $1.80/1lb the free cashflow generated would be 13 million per annum. At $2.50/lb EBITDA would rise sharply to 33 million per annum. It is expected that with such a strong cashflow, EMED will opt to scale up its stake at an accelerated rate.

To fund the option and to accelerate is exploration elsewhere in Southern Europe, EMED Mining has expanded its shareholder base through a 4 million pound placing, with the introduction of major mining company Gold Fields, project financiers Resource Capital Funds and Rand Merchant Bank, to its shareholder base. The 33.3 million new ordinary shares placing at an issue price of 12p, will raise 3.8 million pounds net which will finance the initial due diligence and permitting phase at PRT (2.5 million pounds) with the balance funding exploration expansion and advancement of projects in Slovakia and Cyprus.

EMED has also announced that it intends to expand its current Biely Vrch gold discovery in Slovakia, having applied for new exploration licences covering a combined area of 1312 square kilometres, compared to the current 490 square kilometres. The company is currently drilling over 500 metres at Biely Vrch, with the best of only 5 drill holes to date assaying 1.2 g/t gold. Gold Fields, now a 10% shareholder, has being granted the first right of refusal if EMED Mining decides to joint venture its Slovakian interest within the next two years.

Our valuation of PRT is based on copper prices of $2.50/lb which is well below the current price of $3/lb and our risk weighted model accounts for political uncertainties and project financing inherent risks. Nevertheless we still value the PRT deal at 75 million pounds and hence we are increasing our group valuation to 100.5 million pounds or from 27.75p per share to 79.4p per share. The stance remains buy.

gordon geko - 13 Jun 2007 12:34 - 7 of 83

looks like its got some new momentum from the update with some new buyers coming in ??

PapalPower - 13 Jun 2007 14:29 - 8 of 83

5th June Hardman Update

http://emed-mining.com/site/dmdocuments/EMED_Mining_Hardman_Research_5June07.pdf


.

RAS - 13 Jun 2007 18:00 - 9 of 83

Bought some of these today. Like the figures and broker targets.

gordon geko - 15 Jun 2007 10:03 - 10 of 83

going to take something special to achive the brokers forecast of 80p+

RAS - 15 Jun 2007 10:19 - 11 of 83

The Slovakian gold project looks pretty special on it's own. Not looked in too much detail yet at their other mid/east-europe projects.
The Spanish coppermine is an awesome prospect, in more ways than one. It looks quite risky, but if they can pull it off the rewards will be immense. The key here I think will be the support from the other parties involved such ie Spanish authorities, industry partners and of course the financial institutions who are going to be putting up the cash. On these fronts, the relationships they have developed so far look encouraging.

PapalPower - 19 Jun 2007 13:52 - 12 of 83

EMED presenting tomorrow :

http://www.wallstreetreporter.com/sdc/


.

RAS - 20 Jun 2007 13:29 - 13 of 83

Cheers Papal. The CEO's speech should be starting in half an hour.

An idea why the weakness in the price at the moment, the lack of buyers, and the largish sellers?

PapalPower - 20 Jun 2007 13:46 - 14 of 83

No idea.......

RAS - 20 Jun 2007 22:12 - 15 of 83

Article on Minesite today about Kefi minerals. Mentions EMED's Biely Vrch gold discovery, saying that it "still seems strangely unrecognised by the market."

RAS - 21 Jun 2007 21:41 - 16 of 83

Audio transcript of CEO's speech in NY yesterday (26 minutes) available here:

http://www.investorcalendar.com/IC/CEPage.asp?ID=118118&CID=

Very interesting and well worth a listen.

RAS - 05 Jul 2007 12:56 - 17 of 83

Looking a bit stronger all of a sudden.

This seems under the radar of a lot of investors? But for how much longer?

PapalPower - 06 Jul 2007 16:21 - 18 of 83

Nice to see a few ticks up into close on a Friday.

PapalPower - 09 Jul 2007 07:10 - 19 of 83

http://www.investegate.co.uk/Article.aspx?id=200707090701078623Z


EMED Mining Public Limited 09 July 2007

9 July 2007

PORPHYRY GOLD SYSTEM IDENTIFIED AT BIELY VRCH

EMED Mining Public Limited ('EMED Mining' or 'the Company') announces further
drilling results from the drilling program at the Biely Vrch Prospect at the
Company's Detva Licence in central Slovakia, as well as the recognition of the
deposit as a classical porphyry gold system.

Highlights

Drillhole DVE8 has extended known mineralisation to the west with an
intercept of 0.94g/t gold over 258m from surface, including 154m at 1.3g/t
gold from surface.

Drillhole DVE9 has extended known mineralisation to the north with an
intercept of 41m at 0.7g/t gold from 62m down hole.

Current drilling is aimed at extending mineralisation north and south,
as well as testing nearby prospects analogous to Biely Vrch.

Biely Vrch is a classical porphyry gold system which is a deposit type
rare globally and exemplified by several multi-million ounce deposits in the
Maricunga belt of northern Chile.

Porphyry gold deposits typically occur in clusters and are usually
large ( > 100 million tonnes), low-grade (0.7g/t to 1.8g/t gold),
bulk-mineable deposits.

Results to date have defined a zone of mineralisation estimated to
contain 15 to 23 million tonnes at an average grade of 1.0g/t gold, containing approximately 0.5 to 0.7 million ounces. Further work is required to define a JORC-compliant Mineral Resource.

Several other prospects within the Company's Slovakian Licence have
been recognised as having potential to host porphyry gold mineralisation.

Assay results have now been received for five (DVE5 to DVE9) of the six
drillholes completed at Biely Vrch during 2007. This program was designed to
follow-up the Company's first four drillholes at Biely Vrch which all
intercepted gold mineralisation over their entire length.

Drilling results have confirmed the presence of gold mineralisation underlying
the first target at Biely Vrch, a 300m by 500m soil geochemical anomaly. Gold
mineralisation is contained in a broadly pipe-shaped quartz-veinlet stockwork
zone associated with an andesitic porphyry intrusion.

Drillhole DVE8 extended known mineralisation (to 250m east-west in total) with
an intercept of 154m at 1.3g/t gold from surface. Drillhole DVE9 extended known
mineralisation (to 350m north-south in total) with an intercept of 41m at 0.7g/t gold from 62m down hole.

Commenting on the results, Managing Director Harry Anagnostaras-Adams said:

'Mineralisation at Biely Vrch continues to be extended and is open in several
directions. This drilling provides encouragement for the ultimate delineation of a significant Mineral Resource.

'The recognition of Biely Vrch as a porphyry gold system is exciting as this
style of deposit typically occurs in clusters. Our geologists are now applying
the porphyry gold model to our large Slovakian tenements and defining drill
targets on several prospects relatively quickly.

'Drilling continues at Biely Vrch and initial drilling of nearby prospects is
also planned.'

PapalPower - 09 Jul 2007 18:30 - 20 of 83

Broker update out :

http://www.minesite.com/fileadmin/content/pdfs/Brokers_Reports_5/EMEDMining9July2007.pdf


PapalPower - 10 Jul 2007 04:13 - 21 of 83

For those that have not seen it :

http://www.wallstreetreporter.com/view_videos.php?id=48


EMED Mining Public Limited KEFI Minerals Plc
AIM: EMED

Interview with:
Harry Anagnostaras-Adams Managing Director EMED

steveo - 17 Jul 2007 08:23 - 22 of 83

lot of buying today up 15%, is it in the papers as no news at present.

silvermede - 17 Jul 2007 10:41 - 23 of 83

tipped by TW on t1ps.com

PapalPower - 03 Aug 2007 02:06 - 24 of 83

http://www.investegate.co.uk/Article.aspx?id=200708020736473963B


Nicely up on todays update on the potential Rio project acquisition.

PapalPower - 04 Aug 2007 03:26 - 25 of 83

New Broker Report out, with raised target price :

http://www.fox-davies.com/Reports/EMED_Mining_-_FDC_Flash_Note_-_2_August_2007.pdf

.

share trader - 06 Aug 2007 23:30 - 26 of 83

media coment, click HERE

PapalPower - 09 Aug 2007 15:25 - 27 of 83

Keeps on rising :)

NabCom - 21 Aug 2007 07:17 - 28 of 83

EMED Mining Public Limited
21 August 2007
AIM: EMED

PORPHYRY GOLD SYSTEM EXTENDED AT BIELY VRCH

EMED Mining Public Limited ('EMED Mining' or 'the Company') announces the best drilling intercept of gold mineralisation achieved to date at the Biely Vrch Prospect at the Detva Licence in central Slovakia.

http://www.investegate.co.uk/Article.aspx?id=200708210700465266C

PapalPower - 29 Oct 2007 08:58 - 29 of 83

Nice news today :

EMED Mining Public Limited
29 October 2007

AIM: EMED 29 October 2007

PORPHYRY GOLD SYSTEM EXTENDED AT BIELY VRCH

DRLLING COMMENCES AT SECOND PORPHYRY GOLD TARGET

EMED Mining Public Limited ('EMED Mining' or 'the Company') announces that
results of further drilling in Slovakia have further extended the zone of
mineralization at its Biely Vrch Prospect to an estimated 50 million tonnes with
a grade range of 0.2g/t to 1.9g/t gold, typically 0.8g/t to 1.1g/t gold, and
containing approximately 1.2 million ounces of gold based on these preliminary
estimations. In-fill drilling will seek to define an initial JORC-compliant
Mineral Resource at Biely Vrch at the earliest opportunity. The zone of
mineralization remains open, north and south.

The Company also announces that it has now been granted a total of seven
exploration licences in the Central Slovakian Volcanic Field totalling 1107
square kilometres believed to be the largest holding of any company in Slovakia.
These licences cover several additional porphyry gold targets identified by
prospecting and geological mapping. Scout drilling has just commenced at the
Kralova Prospect, the Company's second gold porphyry discovery.

Background:

Biely Vrch and Kralova are classical porphyry gold systems which is a rare
deposit type globally and exemplified by several multi-million ounce
deposits in northern Chile.

Porphyry gold deposits typically occur in clusters and are usually large
( > 100 million tonnes), low-grade (0.7g/t to 1.8g/t gold), bulk-mineable
deposits.
Several other prospects within the Company's Slovakian Licence have been
recognised as having potential to host porphyry gold mineralization.
EMED Mining has so far completed 5,000 metres of drilling in Slovakia (15
drill holes at Biely Vrch) and aims to complete a further 2,000 metres this
year, weather permitting. A drill rig has been brought over from Georgia to
increase the drilling rate within the limited period remaining in this
year's drilling season.

Further background information on porphyry gold deposits is available in EMED
Mining's announcements dated 9 July 2007 and 21 August 2007.

Commenting on the results, Managing Director Harry Anagnostaras-Adams said:

'We believe we have discovered a significant gold province. This type of gold
system, porphyry gold, is typically noted for its clusters of orebodies with
substantial intervals of consistent mineralisation, enabling multi-million ounce
gold orebodies to be delineated.

'The first 15 holes at Biely Vrch suggest that the zone of mineralisation
contains approximately 1.2 million ounces of gold and that it will be increased
with further drilling. The deposit remains open to the north and south.

'Porphyry gold deposits typically occur in clusters and we have begun scout
drilling at the Kralova Prospect. In addition several other nearby prospects in
our 100%-owned licences are known to have the appropriate geology and
geochemistry to host porphyry gold mineralisation.'

Andy - 03 Nov 2007 00:20 - 30 of 83

Fox Davies reiterates BUY rating, and issues new target price HERE

PapalPower - 08 Nov 2007 10:15 - 31 of 83

On a zoom upwards of late.

PapalPower - 12 Nov 2007 12:03 - 32 of 83

Excellent performance of late !

Andy - 07 Dec 2007 13:26 - 33 of 83

In depth article and analysis,

Click here

Oakapples142 - 08 Jan 2008 13:49 - 34 of 83


Hi Andy - Just bought into this one as my New Year venture. Experts would say I hold far too many mining stocks but I think I may be in good company.

share trader - 04 Feb 2008 23:39 - 35 of 83

EMED are presenting in London on 13th February 2008.

Details and FREE registration click HERE

micky468 - 17 Apr 2008 17:25 - 36 of 83

emed.... back in the lime light i do like this share very much when they take the lid off this i fill this will rocket @ 23.25p ....up... 3.25p (16.25%) still very cheap.this is and will be an 80p+ share

micky468 - 18 Apr 2008 09:31 - 37 of 83

Emed attracts global mining laboratory to Riotinto
MINING. Yesterday, Emed Tartessus, owner of the Riotinto mine and
corresponding industrial facilities, and ALS Laboratory Group, an
international laboratory service company, signed an agreement to
establish an environmental laboratory in Riotinto to offer an
international service to mining companies. Emed is undertaking
procedures for the reopening of the Huelva mine, which it expects will
take place later this year.
Translated from all of the following newspapers:

read more your like wt you read:

http://emed-mining.com/site/dmdocuments/EMED_Mining_ALS_Labs_Rio_Tinto_10April08.pdf

Oakapples142 - 18 Apr 2008 11:13 - 38 of 83

Nice post micky468 thank you. I have enjoyed what was an expensive holiday nearby at Punta Umbria. The way this stock is travelling I may be returning quicker than I thought

micky468 - 18 Apr 2008 12:04 - 39 of 83

Oakapples142

it's looking real good for the go a head now this as a tag of 70p+ on it

micky468 - 20 Apr 2008 19:10 - 40 of 83

Long Term Indicators Average: 33% - Buy
100-Day Average Volume - 526016

Overall Average: 72% - Buy

Price . Support . Pivot Point . Resistance

25.5000 . 22.2267 . 24.8067 . 27.3867

could be better but it dose look ok .... cynic any view on this one,?

cynic - 20 Apr 2008 19:32 - 41 of 83

terrific break out .... however, bullion has collapsed from $1026 to about $915, so that is certainly a caveat ....... will now go to see size of company etc!

Chart.aspx?Provider=EODIntra&Code=EMED&S

cynic - 20 Apr 2008 19:36 - 42 of 83

tiddly cap at 36m and NMS only 5000 = 1250 .... however, volume on friday was 4-5 x norm so perhaps something cooking .... have yet to read the thread to see why any excitement

cynic - 20 Apr 2008 19:43 - 43 of 83

lots of scout drillings and apparent potential, but still all to be approved or whatever the term under JORC regulation ...... certainly there is a very long time until (genuine) prospect becomes actuality, let alone production .....

given the shakiness of the markets and the stupendous recent surge in sp, is this really the time to be investing new money? ..... i suspect not, and if the company still grabs your fancy in 3/6 months, then that may be in a different matter ..... i think CEY is prob a better bet, but EMED is worth keeping an eye on, so long as you can accept the volatility and the inherent risk in the thinness of markets in such shares

micky468 - 20 Apr 2008 20:11 - 44 of 83

thanks cynic
i've been here for some time now cynic bought in @ 15p i have a good fill about this one ,i fill this could go as high as 60p+ i can't see them not getting the go ahead to take over Riotinto Copper mine in spain latter this year if and when that happen's then this wiil hit 60p+ also cynic have a read of this.........http://emed-mining.com/site/dmdocuments/EMED_Mining_ALS_Labs_Rio_Tinto_10April08.pdf

let me no your view please;

micky468 - 21 Apr 2008 09:15 - 45 of 83

Final Results for the year ended 31 December 2007.

http://moneyam.uk-wire.com/cgi-bin/articles/200804210701127142S.html

phoenix007 - 16 May 2008 09:40 - 46 of 83

Seems to be pushing higher and higher. Hold this and Rift Oil.

Good Week!!

micky468 - 04 Jun 2008 20:11 - 47 of 83

for those of you that have not been following emed now would be a good time to do some home work .............http://moneyam.uk-wire.com/cgi-bin/index?company=EMED

The Directors of EMED Mining announce that all resolutions were passed at today's Annual General Meeting




The Meeting and the associated social event was held at Rio Tinto Mine site and was attended by approximately 100 people representing a number of important stakeholders including:

Shareholders Oxiana from Australia, Altima of UK and Goldman Sachs of USA

The mayors of the local municipalities and leaders of local enterprise and labour unions




At the Meeting the Managing Director, Mr Harry Anagnostaras-Adams, announced several initiatives for the Rio Tinto Mine, including:




Committees are being formed with the municipal leaders to ensure full consultation and transparent reporting on all matters of local importance, including joint monitoring of environmental compliance

Subject to EMED Mining's exercise of its option to acquire the Rio Tinto Mine, drilling operations will commence in Q42008 with a view to converting more of the 205 million tonne resources, already representing the largest deposit in Spain, to ore reserves planned for production

The mine design team, having finalised plans for the initial restart plan, is now focused on scenarios for expansion of production and extension of mine life

The exploration team has commenced the review, of additional known prospects on the Rio Tinto property and exploration concessions elsewhere in accordance to international reporting standards.







Following a placing of ordinary shares (see announcement of 27 May 2008) and recent share transactions, the significant shareholdings in the Company are set out below to the best of the Company's knowledge:




Name of Significant Shareholder
% of issued

ordinary shares
% of ordinary shares

fully diluted for options

Directors and Management
12.24%
22.61%

Resource Capital Funds
15.77%
13.42%

Oxiana Limited
11.64%
9.91%

Fidelity International Limited
5.75%
4.89%

RMB Australia Limited
5.13%
4.36%

Altima Partners
4.76%
4.05%


The above interests include both direct and indirect holdings.







Mr Ronnie Beevor, Chairman of EMED Mining said:




'The passing of all resolutions at today's AGM reinforces our shareholders' commitment to the Company and underscores their belief in its potential. It is a great honour to have so many important stakeholders from the local community and from many international locations join us today to express the support for our activities. We will continue to work hard to earn the trust of the regulatory authorities in Andalucia. We know we can fulfil all known requirements and quickly get this operations restarted so it can duly contribute to society.'

Andy - 29 Jul 2008 15:31 - 48 of 83


For full article, click HERE


better than gosh darn good in Slovakia
By Harry Norman
Article Date: 29-07-2008

Follow up drilling at Biely Vrch has revealed gold at 1 gram per tonne from the surface down to 460 metres, which is likely to contain at least 1.2 million ounces of gold.

EMED is focused on gold and copper in Europe, and the company now has projects in both that are clearly potential company-makers: the Rio Tinto copper mine project in Spain and gold porphyry deposits in Slovakia. The company is awaiting final permitting to trigger operations at the Rio Tinto mine; which could happen as early as September.

Slovakia has a long mining history - most of the silver used in Renaissance Europe originated in Slovakia. Indeed the town of Banska Stiavnica, which is located in the centre of EMEDs cluster of licences, has a museum of mining....

Article available in full on the link above

Andy - 02 Oct 2008 01:41 - 49 of 83

I saw the T1ps p[resentation the other night, and was suitably impressed.

Only the permits to go, but that may be a stumbling block, only time will tell.

New article Click HERE

Andy - 24 Feb 2009 00:17 - 50 of 83

Proactive Investors One2One Forums

The directors of Firestone Diamonds (AIM: FDI), Emed Mining (AIM: EMED), European Nickel (AIM: ENK) and Solomon Gold (AIM: SOLG) will be presenting:

Thursday the 26th February 2009
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approximately 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canape and wine reception. Details on the presenting companies can be found below.


Register Here.

http://www.proactiveinvestors.co.uk/register/event_details/43#

If you have any problems registering or queries please email action@proactiveinvestors.com

Andy - 27 Feb 2009 19:44 - 51 of 83

New article, click HERE

Andy - 03 Sep 2009 23:38 - 52 of 83

Proactive Investors One2One Forums

The directors of Toro Energy Limited (ASX: TOE), Metals Exploration (AIM: MTL), Emed Mining (AIM: EMED) and Firestone Diamonds (AIM: FDI) will be presenting:

Tuesday the 8th September 2009
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

Register Here - http://www.proactiveinvestors.co.uk/register/event_details/58

If you have any problems registering or queries please email action@proactiveinvestors.com

Nearest tube stations are Green Park, about a 5 minues walk, or Bond Street, a 7 minute walk.

Andy - 24 Nov 2009 09:28 - 53 of 83

New article, click HERE

willpe - 21 Dec 2009 14:16 - 54 of 83

An investment advice on this article www.UK-Analyst.com

halifax - 21 Dec 2009 15:30 - 55 of 83

yet another dud tip from TW.

benlin - 16 Feb 2010 11:35 - 56 of 83

Copper prices have doubled from below $1.50 per pound 12 months ago to $3 per pound and, with a global shortage of copper anticipated, the long term viability and success of Rio Tinto now appears robust. In addition to Spain, EMEDs Slovakian gold prospect is gaining momentum which, upon production at Rio Tinto will see increased attention. It has been a long time in the making, but Rio Tinto now appears on the brink of production. EMED has persevered with a project complex in everything except its operation and we believe investors will soon be rewarded for their patience. Our stance, at 12.125p, is buy with 36p target price
http://uk-analyst.com/shop/page-article/action-article.show/id-130003178

Andy - 03 Mar 2010 18:44 - 57 of 83

new article, click HERE

RXCBS - 09 Dec 2010 16:23 - 58 of 83

clearly something going on with its single biggest days rise in ages and pasing the 10p level too

micky468 - 15 Dec 2010 09:08 - 59 of 83


Company") is pleased to announce that it has received the required fourth signature to the statement of non-opposition

http://moneyam.uk-wire.com/Article.aspx?id=201012150700189727X

RXCBS - 06 Jan 2011 09:32 - 60 of 83

looks like this one is on the radar now breaking through the 15p resistance today cant see it holding back much now 30p previous highs could be tested with some more positive news

micky468 - 18 Feb 2011 12:59 - 61 of 83

could be ready next week for a break out on a cup and handle chart looking very good today and news expected next week 34p next stop DYHW

Chart.aspx?Provider=EODIntra&Code=EMED&S

RXCBS - 20 Feb 2012 11:46 - 62 of 83

seems to be on the move this month as news coming in about opening end of 2012 absolute bargain at this price

RXCBS - 22 Feb 2012 10:37 - 63 of 83

looks like going to try and breakout through the 15p level again 20p on the cards again

mikegr - 05 Mar 2012 07:41 - 64 of 83

And a bit more than 20p soon that judging by this RNS

Mandate of Goldman Sachs for US$175 million finance

http://www.moneyam.com/action/news/showArticle?id=4321803

js8106455 - 10 May 2012 16:36 - 65 of 83

Hey guys check out this interview with EMED Mining that I came across.

Its well worth a watch:

http://www.brrmedia.co.uk/event/97976/harry-anagnostaras-adams-managing-director

js8106455 - 20 Dec 2012 12:39 - 66 of 83

Harry Anagnostaras-Adams, Managin Director of EMED Mining - Presents an online investor briefing via video.
Click the link below to watch:
http://www.brrmedia.co.uk/event/106977/harry-anagnostaras-adams-managing-director

hellsing001 - 06 Feb 2013 11:10 - 67 of 83

Things looking interesting again.

Close to year high, with news regarding mine due in the coming quarter.

Morigam - 15 Aug 2013 14:32 - 68 of 83

dead thread?

if anyone's still interested in this here's an interview with the CEO on their interims
interview

halifax - 15 Aug 2013 14:40 - 69 of 83

recent director resignation doesn't help, Spanish authorities continuing procrastination also makes the start up unlikely.

northerly1 - 30 Aug 2013 13:23 - 70 of 83

Once Emed clears the resistance at the 100ma currently 7.51/7.91 then this can move back up to the 10p region and beyond quite quickly.

most brokers seem to have a 30p target on this one

js8106455 - 17 Sep 2013 14:09 - 71 of 83

Click the link to listen to EMED Mining

CLICK HERE

northerly1 - 06 Dec 2013 19:56 - 72 of 83

Now is probably a good time to stock up with Emed Mining just before the mining permits are approved as this will no doubt spike up during the following few days after any announcement is made with 25p-40p+ intraday possible. And we are talking about a world class mine here Rio Tinto's former Spanish copper mine to be exact with a mine life of over 100 years!

js8106455 - 18 Dec 2013 16:52 - 73 of 83

LISTEN: Emed Mining (EMED) - Conditional placing to raise 5.5 Million

Clcik here

northerly1 - 19 Dec 2013 15:45 - 74 of 83

This is a positive Placing done at 8p with permits due early 2014?

northerly1 - 16 Jan 2014 21:37 - 75 of 83

Emed up !6% today maybe news due soon regarding the permits, this touched 29p a few years ago without the mining permits!

transco15 - 17 Jan 2014 11:33 - 76 of 83

permits on their way!!!!!!!!!!!!!!!!!!!

Iankn73 - 28 Mar 2014 21:36 - 77 of 83

EMED finally get AAU approval at last. :-)

http://www.proactiveinvestors.co.uk/companies/news/67142/emed-mining-shares-race-up-as-updates-on-environmental-resolution-67142.html

Iankn73 - 11 Apr 2014 15:48 - 78 of 83

EMED finally get AS.

RNS Number : 6798E
EMED Mining Public Limited
11 April 2014






AIM: EMED

TSX: EMD 11 April 2014

EMED Mining Public Limited

("EMED Mining", "EMED" or the "Company")



Transfer of Mining Rights to Emed Tartessus

(Administrative Standing, "AS")

for the Rio Tinto Copper Project



EMED is pleased to advise that the President of the Government of Andalucía, Ms. Susana Díaz Pacheco, has today announced the transfer of the Mining Rights (AS) for the Rio Tinto Copper Project owned by EMED Mining through its Spanish subsidiary EMED Tartessus.

The announcement was made today during an official visit of the President to EMED´s facilities in Minas de Riotinto, where she explained that: "Riotinto is and must continue to be an icon in Andalusian and European mining, […] from today onwards, EMED Tartessus has the authorisation to resume mining operations thus paving the way to economic growth and development for a region that has suffered greatly over the past few years".

After the favourable resolution for the Unified Environmental Authorisation (AAU, received on 28th March) of the Rio Tinto Project, this announcement of the President of the Junta de Andalucía confirms EMED´s authorisation over the Mining Rights and clears the way to operate the Rio Tinto Copper mine.

The recent granting of the Unified Environmental Authorisation (AAU), together with today's announcement of the transfer of the Rio Tinto Mining Rights (AS), is an important step in EMED becoming a copper producer. The Company is fully committed to mine development and the achievement of production as quickly as possible. As a brownfield site copper production can be recommenced at Riotinto in a comparatively short time frame and at a low capital cost. As a result of today's announcement the Board looks forward to the commencement of operations and the expansion of the already sizeable reserve base.

Mr. Isaac Querub, EMED Mining CEO said "This is the first such visit of the President to the project and evidences the cooperation between the Junta de Andalucía and the Company. The project now enters the very important stage where the Company can trigger site works, complying with all requirements and preparing for copper production. This is a highly significant achievement which clears the way forward for the development of the Rio Tinto copper project. It is the result of the strong support for the Project shown by the Junta de Andalucía, the commitment and patience of its shareholders and the dedication and hard work of the Company's staff".



Background



Rio Tinto is an historical iconic mine situated in the world's largest Volcanogenic Massive Sulphide (VMS) system. Operated continuously from 1873 until 2001 has produced 1.7 million tonnes of copper, 3.3 million ounces of gold and 54 million ounces of silver. EMED has established a reserve of 123Mt @ 0.49% Cu (606 kt of contained Cu). The Company is targeting a first stage base case production of 5mtpa in 2015, with expansions thereafter. The re-opening of the mine will have a significant economic impact on the Company, its investors, the local communities and Andalucía.

js8106455 - 05 Jan 2015 09:11 - 79 of 83

EMED Mining - Company Update

Click here

Iankn73 - 23 Jan 2015 11:21 - 80 of 83

At last we are now fully permitted for production to commence 3rd quarter 2015. :-)

Final Permitting Obtained

RNS

RNS Number : 9943C
EMED Mining Public Limited
23 January 2015

AIM: EMED
TSX: EMD

EMED Mining Public Limited
("EMED" or the "Company")


Final Permitting Obtained

EMED Mining is pleased to announce that its wholly owned operating subsidiary EMED Tartessus ("EMEDT"), the holding company for the Rio Tinto Copper Project ("Proyecto Rio Tinto"), has received during a meeting with regional authorities at the Rio Tinto Mine the formal communication from the Mining authorities of the Government of Andalucía ("Junta de Andalucía") that the Resolution containing the granting of the Mining Permit for the Project has been signed. This global Mining Permit includes the approval of the Restoration Plan.

The granting of the Mining Permit and approval of the Restoration Plan are the last significant regulatory approvals required to be obtained by EMEDT before normal mining and processing operations can commence at Proyecto Rio Tinto during the third quarter of 2015.

During the first and second quarters of 2015 the Company will continue with construction and repair activities that have been ongoing at the Project since last summer. There are over 200 full-time employees together with numerous contractors working on site focussing mainly on plant and infrastructure refurbishment. The Company is targeting commissioning to commence during the third quarter of 2015.

In addition, selected mining and drilling contractors are working to optimise the production plan for the first five years of mining and preparing to start first mining activities during the second quarter of 2015.

Mining Permit and Restoration Plan Approval

The granting of the mining permit includes, as required by law, the approval of the Restoration Plan submitted by the Company. One of the conditions established by the Mining Permit is the placement by the Company to the Junta de Andalucía, within a stipulated period, of a Restoration Bond of €13.1 million. The Company is working with financial institutions to finalise arrangements for the bond.

The full content of the final Resolution containing the project approval will be sent to the company following the normal administrative procedure. It is expected that the Resolution will contain the project execution conditions to be fulfilled by the Company that are all in line with applicable Spanish laws.

The Company remains in close contact with its three key shareholders plus other key parties in order to finalise the funding of the Phase 1 development enabling the Company to achieve a 5Mtpa base case production as well as formally analysing the best options for a Phase 2 expansion that could take the planned production beyond the original 9 Mtpa feasibility case.

Alberto Lavandeira, CEO of the Company commented: "The approval of the Mining Permit is a major historic milestone for Proyecto Rio Tinto and paves the way for commissioning to commence in the third quarter of this year. On behalf of the Board of Directors I want to congratulate the team at Proyecto Rio Tinto who have undertaken a significant amount of work to achieve this key milestone. I would also like to thank the key shareholders for their constant and loyal support. The Company continues to work with its major stakeholders to finalise financing arrangements for the Phase 1 development of Proyecto Rio Tinto as well as analysing the best expansion options and I look forward to providing further updates in due course."

23 January 2015

Enquiries

Iankn73 - 23 Feb 2015 16:27 - 81 of 83

EMED pleased with Rio Tinto project progress
StockMarketWire.com
EMED Mining Public Limited is pleased with the rapid progress being made in the development of the Rio Tinto copper project.

EMED said that having obtained final permitting, as announced on 23 January, the vompany has continued to focus on further developing onsite operations ahead of commencing mining and processing operations during the third quarter of 2015.

In December, the company agreed a US$30m unsecured bridge loan with its three largest shareholders, Trafigura Beheer BV, Orion Mine Finance (Master) Fund I LP and Hong Kong Xiangguang International Holdings Limited, an affiliate of Yanggu Xiangguang Copper Co. Limited.

The purpose of the loan was to allow continued project development while a financing package is finalised in order to complete phase 1 development and a potential expansion project.

The company's current cash position is approximately 10m with a further US$6m available under the loan, subject to the consent of the lenders.

The company is confident that its current cash position of 10m is sufficient to last through the first quarter of 2015 and potentially beyond with the Company maintaining the flexibility to reduce planned expenditures if required. The Company presently expects that this is sufficient to complete negotiations of the global financing package without project delays.

The latest capital forecast to complete phase 1 development indicates the potential for up to US$50m savings previously reported by the Company are likely to be achieved.

EMED continues to rapidly progress site development. During the last four months, the Company has completed selection and hiring of operational personnel. In total, there are currently over 200 EMED employees and over 250 contractors on site.

Chief executive Alberto Lavandeira said: "We are very pleased by the rapid progress being made in the development of onsite operations and at costs that are trending well below original estimates. The project is based in an extremely prospective region and we are pleased with the continued support from the Junta, the local communities and our existing shareholders as we work towards the start up of production. We remain in advanced discussions with our funding partners and are confident of securing the financing for the re-start of production without delays to the Company's anticipated timetable."

js8106455 - 24 Mar 2015 10:27 - 82 of 83

EMED Mining - The 102nd Minesite Forum

click here

js8106455 - 16 Jul 2015 12:00 - 83 of 83

Listen: CEO, Alberto Lavandeira, EMED Mining discuss the award of Municipal activity licence

click here
Register now or login to post to this thread.