4227 days ago
AIM listed EMED (LSE:EMED) has been on the point of starting to build a huge copper mine in Spain for ages. But getting the consents needed seems harder than finding a 17 year old virgin in Romford. And EMED is still not there. Hence, having tipped the shares at 14.75p back in July 2007 and with the stock at 9.625p today I look like a bit of a schmucko. Apologies for that. However, I had a long chat with CEO Harry Adams this week and I sense that we are almost there and that now would be a good time to buy. Here is why.
4234 days ago
I tipped AIM listed gold mine developer Chaarat Gold (LSE:CGH) at 45p in May 2010. Standing at 24.375p after the publication today on half calendar year results I do not look too clever. Yet. But I had a long chat with the company today, notably with its Finance director Linda Naylor and these shares are very cheap indeed. Quite seriously they could well be worth £1 a share or more. And this is why.
4236 days ago
Continental Precious Minerals (TSX: CZQ) is listed on the TSX market and at 22 cents it is valued at C$12.48 million – yet sits on net cash of C$13.8 million. It also happens to own a potentially enormous Uranium prospect in Sweden. In two years time, Continental will either have farmed out its prospect to a major so meaning that it sits on a royalty stream (but has no capital commitments) or it will be a cash shell – its projected expenditure over the next two years is less than $3 million. On a risk reward basis that looks pretty attractive to me.
