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EMED Mining
EMED is focused on acquiring and then producing mostly gold and copper. Their interests are in Europe and the Middle East.
100 percent ownership of Rio Tinto copper project in Spain
Cash outlay of £90m secures assets worth £500m at replacement cost
Dilution-affected fair value reduced from 70p to 65p
Fair value still more than double share price with copper at $2.2/lb
Publication Date:
October 6 2008
Value becoming clear
Close to acquiring Rio Tinto mine at attractive valuation
Recently raised £10m via equity
Fair value seen at 70p / share, but trading at 24p
Publication Date:
May 14 2008