Thursday, 2 August 2007

Tom Winnifrith Recommends EMED as a Speculative Buy

Stock Trading - EMED Mining Tip



Stocks to Watch



Tom Winnifrith Recommends EMED Mining as a Speculative Buy


Tom Wiinifrith of t1ps.com recently recommended EMED as a buy. His article is way too long to summarize here except for this brief quote "this share is a real cracker ... the group has treaded [shouldn't that be 'trodden' ?] the tricky pathway to become producer, with significant cash generation set to become a prominent feature going forward. This penny stock has a big future, with its recently acquired copper mining operations in Spain set to transform the asset base" ..... "And so, we arrive at valuation of 82.3 million pounds, equating to 65.2p per share, with plenty of room for upside. My stance at 16.25p is " speculative buy" at up to 20p with an initial target price of 50p."

EMED has been recommended to me a number of times as an interesting company with a lot of potential, but so far I have not done much about it but I shall be keeping an eye on the chart, which has a recent high of 17.25p THere may be some movement given the recent news and the tip from TW but I will keep my pwoder dry for the time being as it may also fall back a bit when all the excitement has died down.

1-year chart



3-month candlestick chart








0 comments: