Worth a look.
Fantastic prospects in Greenland. This miner is about to turn from an explorer to a producer with the first gold pour due this month.
Retreating glacier exposing more mineralogy. Zinc mine waiting to come onstream. Price of Zinc breaking records. Funding secured. Sitting on Rare Earths. China hogging the world supplies of RE metals.
DYOR
Not worried

Rescheduling Loan-terms has boosted sp - but the figures tell a different story, IMHO.
The loan is $24m and interest is 6m, that represents a heck of an interest-rate - extending the Term just means they will owe even more - but what's surprising is the lender didn't insist on more favourable terms and a repayment as soon a Gold is recovered - they'd have "first-call" as it were.

SP rose to 1.62 - DYOR.
Still, what do I know?

EDIT (8March2012)-20% fall on News that a pump failed gold processor - pretty expensive pump, eh? Don't they think about spares? Why does it take from mid-Feb to 8March for this to be reported to the Market? Regulator pse investigate!...
EDIT (12March2012)
- Skyhigh, sadly I think your 2.2p was a little premature.
- Halifax, I don't understand yr EMED comment in Post #35.
EDIT(14May2012):- Down to 1.25 today...not a pretty sight.....Arrgh!

Having sold my first purchase a few months ago at a bit of a loss I decided to buy back in again this morning first thing at 2.2p..nice bit of timing for a change! as now showing a nice little profit already with lots more to come! (imho)

does it actually mean EMED hasn't the cash resources to repay the loan?

It's looking good!

FT article:

Angel Mining bounces after strong mine result
By David Keohane
Greenland-focused mining and exploration company Angel Mining bounced 15.8 per cent on Wednesday to 2.9p on news that its gold-producing Nalunaq mine had recorded its best daily production to date.
The company’s statement hailed its largest gold pour, of some 517.8 ounces, as “another significant milestone as production continues to rise towards the target of between 1,500 and 2,000 ounces per month, which it hopes to achieve in early this year”.

SP just resting... for the next leg up?...looking good!

1.2p A very good entry point next gold pour to be largest yet...... 2 weeks away

I'll wait til it gets to sub 1p...then I might top up

Sh

Yes in this current market you just might get it ....

Take a listen to this audio interview with Nick Hall.

http://www.brrmedia.co.uk/event/98300/nicholas-hall-chief-executive-officer

Question: When do these "gold pours" rersult in shareholders getting a Yield?

As I see it, the negative PE Ratio says "Loss" . . . . anyone?
EDIT I read (RNS 29 June DYOR), they are not opening another prospect, which is not good news - these were all go-ers wern't they?
EDIT(11Oct2012)-Missed the AGM - looks like prob is fixed and awaiting parts - anyone go?
EDIT(4Jan2013)- SP is 0.7p - oooer! The late-2012 share-shuffle with "yorkville" (DYOR) is reminiscent of another tiddler . . . . Watch-it!
- That tiddler was Cambridge Minerals - went belly-up after some loan repayment issue - JUST (wash my mouth) like this one -See RNS Adminitrators Jan 20113.
halifax, . . . it sure hurts . . .

RNS is this the end?