Stock data
| Market cap. | £84.5m |
| Last close | 8.75p |
| High / Low (52 weeks) | 14.5p / 6.1p |
| Stock market listing | AIM |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (17.65) | (31.37) | (12.5) |
| Relative * | (13.6) | (25.74) | (3.84) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (€m) | EBITDA (€m) | PBT (€m) | EPS (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.0 | (10.1) | (11.6) | (2.4) | N/A | N/A |
| 2011A | 0.0 | (9.9) | (11.4) | (1.4) | N/A | N/A |
| 2012E | N/A | N/A | N/A | N/A | N/A | N/A |
| 2013E | N/A | N/A | N/A | N/A | N/A | N/A |
Last updated on 17/04/2012
Latest research
Dual listed
Update | Mining | 21/03/2011
Power reconnected
Update | Mining | 26/05/2010
Back on track
Update | Mining | 05/03/2010
Junta formalises timelines
Update | Mining | 17/12/2009
Permitting moves forward
Update | Mining | 24/11/2009
Permitting expected Q110
Review | Mining | 21/10/2009
Taking control
Update | Mining | 02/10/2008
Window of opportunity
Outlook | Mining | 17/07/2008
Progress on all fronts
Quarterly Update - Trading update | Mining | 02/04/2008
Good news in Slovakia
Flash note | Mining | 14/01/2008
Emerging miner
Outlook | Mining | 05/10/2007
Investment summary
EMED has indicated that it is extremely confident of receiving full permitting of the Rio Tinto mine targeted for Q312. This confidence is underpinned by copper off-take sales and financing arrangements with Yanggu Xiangguang Copper (XGC) and Goldman Sachs International. These off-take and finance packages are expected to fund the capital required for restart of the Rio Tinto mine in return for copper pre-sale agreements. Our valuation of EMED on a sum of the parts basis is 31p/share.
Last updated on 23/04/2012
Industry outlook
Commodities continue to remain in demand, with copper holding around $3.60/lb. This still outweighs the life of mine price of US$2.95/lb used for valuation. Gold is trading c $US1,650/oz.
Last updated on 23/04/2012
Key management
| Harry Anagnostara-Adams, MD |
| John Leach, FD |
Company address
| 1 Lambousa Street Nicosia 10 Cyprus +35 722 442 705 View website |
