Tom Winnifrith’s Conviction Buy
Whichever way you look at it, even on the revised economics of the new 43-101, fair value for the stock is around 30p. When those last permits arrive you should therefore see a dramatic re-rating from today’s 12p. Even my friend Zak would not be able to claim that he could time a trade to tie in with when the Spanish give final clearance, although I know that he is well connected in Spain... As such you just have to buy, hold and wait for a potential 150% uplift. Incidentally I chatted to EMED CEO Harry Adams in length a few months ago about the economics of Rio Tinto. You can read that interview here: http://tradingresearchpoint.co.uk/2012/10/04/emed-down-but-far-from-out-long-chat-with-ceo-buy/
CHART - EMED MINING
Tom Winnifrith writes for 10 US and UK websites – links to all of his usually controversial and sometimes prescient articles can be found at www.TomWinnifrith.com You can follow Tom on twitter @tomwinnifrith And in his spare time Tom manages the Real Man restaurant in Clerkenwell where if you are man enough you can try to eat the UK’s hottest pizza – the Snaefell Diabola. More details on that can be found at www.therealmanpizzacompany.com
March 2013
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