Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It has been announced that Trafigura Beheer B.V. has, at 9p per share, acquired a further 30,856,481 shares in EMED Mining (EMED) – taking its interest to 259,029,997 shares (18.04% of EMED). This follows stakebuilding earlier this month and a subsequent placing which then somewhat diluted Trafigura’s percentage interest. It is again stated today that “Trafigura has stated that it has acquired the ordinary shares for investment purposes”.
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Comments
wildrides
You have been tipping this donkey for years and I have been in it for years too . We will both be glad I am sure when it finally gets the green light and starts to turn into a race horse. Its one of those you have in your portfolio and get sick of looking at it just doing nowt year after year , but scared to sell because of the law of sod . All the ingredients are there for a bagger its just waiting .
As Steve McQueen said …..
theres really only two aspects to life
“racing and waiting for the next race”