Member Info for Bigbaddaz

I clearly have something wrong, I assumed the idea behind investing was to increase my capitol. Companies say what they have to offer and how they will achieve their goals and us PI's make decisions based on those statements as to wether we wish to get involved with the company, purely to make money ! Emed have made many such statements but have not lived up to them. You claim to have given Emed (invested) £125k. I have followed you on ADVFN where you post as Lucky Punter. You have only recently joined the party again, within the last few months. Therefore I would ask myself if the company has been extremely efficient, as you stated, since I invested a few months ago. My answer would be NO ! If I had given someone £125k, as you state you have here, and within a few months they have promised me a resource update which they haven't told me and they also promised me clarification of the terms of the off takes, again which they haven't given me, I would start to have concerns and most certainly wouldn't class them as being extremely efficient. With that in mind, you have a good day yourself.

Tracylied, has the company become extremely efficient since Harry left, really ? Our SP was far higher than it is today. I agree the company appear to be making tremendous progress with re-opening the mine, and have been since AL joined. However they have not been extremely efficient ! Have you forgotten we had a chap called Isacc running the show for, thankfully, a small period of time. During which he didn't communicate with the market and, as CEO at the time , be partly responsible for the collapse of the SP. Anyway that's water under the bridge, the company used shareholder money to pay him off, what was It £500,000 for a few months in charge ? I wouldn't call that extremely efficient. There are also all the missed opportunities our PR company have missed the past 12 months to promote Emed and strengthen the SP, but let's not worry about the past. Let's focus on current proceedings, have the company been extremely efficient as you state. No ! AL stated we would receive the resource update weeks ago. Now forgive me if I'm wrong but I don't think we've received it yet. Instead we have a smoke and mirror scenerio and excuse why the statement hasn't yet been made public. Now I don't call that extremely efficient ! Take it or leave it, I do not care.

Craig, thanks for your post. You most certainly haven't offended me, but thank you for your consideration. You may have timed your buy in perfectly. You have certainly timed it better than me and the other LTH's. That does not mean I do not wish you well. I have a tranche at this level, which I am sure I will make money on. But, sadly I have a much bigger tranche at a higher level, which fortunately I am comfortable with, but does mean I will have to wait longer to see any return on those. Some new posters have not been misled by the company and previous statements. Well, not yet anyway .......... Although that said, where is the Resource Update ? Is history starting to repeat itself, I hope not !

I like many of us bought into this share based on the information provided by the company and statements made by some of its personnal. Had the statements and timeframes made by the company come to fruition I would have been in profit. I cannot put my current lose down to my own mistake, apart from believing in the company, it's management and the statements they made to the market. I invested when the company had a market cap of under £70 million, today our market cap is well in excess of that figure, therefore I was correct the company was seriously undervalued. However we were all lead to believe the finance were to be packaged in a different way than it transpired. None of us expected so many new shares to be issued at, what I still believe, to be a ridiculous price. Manipulation ? Maybe ? I am fortunate that I own all of my shares, bought and paid for. I am also fortunate that I do not need the money tomorrow and I have further reserves which I can add to my holding to reduce my overall avarage. I do not intend and do not believe i will leave here with a loss. However, I am fully aware I will also not be leaving here with the kind of profit I once believed I would ! Mepobre, looks like I may have joined you "old dogs", but I never once for a moment thought you were stupid.

There will be many of us heavy beyond 4.75p ! Some all the way up to 10p and some even beyond that. This has been caused not by the current lows of the CU price, but by the inefficencies of the company to deliver on previous statements made ! Manipulation or poorly made statements ? Maybe both !

There is money to be made here.

If you had purchased £1,000 of shares in Delta Airlines one year ago, you would have £49.00 today. If you had purchased £1,000 of shares in AIG insurance company one year ago, you would have £33.00 today. If you had purchased £1,000 of shares in Lehman Brothers five years ago, you would have nothing today. If you had purchased £1,000 of shares in Northern Rock three years ago, you wold have nothing today. But, if you have purchased £1,000 worth of beer one year ago at Tesco's (or other well known supermarkets), drunk all the beer, then taken the aluminium cans to the scrap metal dealer, you would have received £214.00. Based on the above, the best current Investment plan is to drink heavily & recycle ;-)

If you had invested all your money into Emed, and not put some into other shares, you wouldn't have to worry about asking such a question ;-)

Picked up on two points in your post Mr Pidgeon that I couldn't agree more with. 1 - SP is bloody ridiculous. 2- Also surprised we havent had a holdings RNS. Ole Tracy / Lucky Punter / Derek seems to be buying every week and the SP seems to always be in his buying range !! ;-). Now facts, RNS next week ........ Will there be two ? ;-)

Will the resource update catch a few out ? ........ ie today's sellers ;-)

There is always money to be made, even in a bearish sector. You just have to make sure you back the right 'Donkey' ! ;-)

Onions, maybe she was giggley as someone suggested that her main priority and focus must be to increase the SP ! .......... And she found that funny, obviously thought they were joking ;-)

Sorry Malkis, clearly I have made a mistake. Whilest I have this opportunity can I in fact show you a sign of my appreciation. For years I have been researching the fundermentals of companies I believe will grow their company and give me a reward and return on my investment. I have spent many hours doing this research before committing to a stock. You could have saved me so much time in the past, I didn't realise the SP always drops at 2:45pm. If only I had known this years ago, I would have been a millionaire by now, sell at 2:45pm and buy back the next morning. Gosh this investment lack is easy if you're in the know !

According to your post at 15:09 yesterday it would appear you sold out. It would appear also by your post yesterday at 19:48 that you had a change of heart and want to buy back in. I see this morning at 08:10 you bought back your entire holding. Best of luck ;-)

This is basically some PI's handing their shares over to Directors who are in the know ( and possibly at a loss). At this stage, that is unbelievable ! And whilest this continues we will stagnate at these levels.

'Their' - not there ! Slapped Wrist

They were in a remarkably similar position as we were here, needing finance ! SP will start to gain strength here once the new shares have been admitted to the market towards the end of June, IMO. Now the 'Big Boys' have had there fill the brakes can come off.

We are still several weeks away from receiving the finance RNS, IMO .

This is not just about the pending finance package, although obviously the structure and the deal itself are very important. As important in my opinion are the results soon to be published in regard to the resource update from the open pit and the results / grades from the exploration drilling.

Here is my personal take on our recent RNS's and the finance package. Emed have been offered a finance package by the Big3 - There is no doubt the Big3 what to be a part of the finance structure and they have all demonstrated this by the $30 million unsecured loan. The Big3 added a penalty clause to the extension of their unsecured finance - They could have only added this clause if they had offered a finance package and terms, and a delay could only have been caused by Emed, hence a penalty. They could not legally add a penalty for delay, if any one of them were to be the cause of the delay. Therefore the Big3 have agreed on terms, offered a package to Emed and are awaiting on Emed to accept their conditions / terms. The Big3 have agreed on the terms and offered a package to Emed - The wording in the RNS's supports this. The statement ' The company has agreed non binding terms', makes it clear that there are terms in place, and therefore a finance package, otherwise the company wouldnt have anything to agree to. 'The company has agreed on non binding terms - Suggests that Emed have stipulated they have agreed 'non-binding' terms which tells me two things. Firstly, the company are not bowled over by the terms being offered by the Big3. And two, they believe they can attract better terms from another / other parties and are currently exploring those options. 'The company has agreed non binding terms with several parties, principally including the strategic investors' (The Big3) - The wording 'principally' suggests that it's not a given the Big 3 will be involved in the final finance package. They will only be involved if their terms are better than any other terms that may be on offer to the company. The wording, 'the company has agreed on non binding terms with several parties' doesn't necessary mean that several parties, the Big3 and others, are all trying to agree on one finance package. Maybe it is suggesting that Emed have agreed non binding terms on different finance packages with different parties, therefore more than one option and Emed have not entered into binding terms as there may be a battle going on between the Big3 and 'other parties' as to who will offer Emed the best terms. Emed securing short term finance from another source suggests someone big / another party wants to be involved with PRT and the finance package and has offered Emed a short term finance facility to help with cash flow, if needed, whilest the larger finance package is under negotiation. I believe things are hotting up in the background ! I also believe if Traf don't get their own way here and be involved with the finance package they will stage a full T/O offer.