Member Info for Bigbaddaz

I can give you an example of a company that did just that. And what I find remarkable is the similiarities between the company and Emed. Sound Oil (SOU) was trading around the 12's throughout August / Sept 2013. Their asset value was huge BUT, like Emed, made the announcement they needed finance to realise the value of the assets they were sat on. Fear and uncertainty revolving around the finance saw their SP significantly drop (does this sound similar). The company were never in doubt they would receive the funding but nevertheless the SP plummeted to 4.75 / 5p ( again sound familiar). It was not until they released an RNS in February 2014 announcing the finance package had been secured that the SP then started to increase. They secured finance at 5p through an internal source and then further announcements followed, one in answer to your question was II's buying in at 9p. Their SP at 5p was artificially low and II's could see this was the case and were happy to pay a premium at 9p, as they were not on the 'inside' and able to buy at 5p ! With the finance in place fear and uncertainty were removed and the SP gained momentum. By June that year the SP was trading in the 12's, back to previous levels before the unnecessary fear and uncertainty dropped the SP. With the funding they could set about their business in realeasing the value of their assets. Today they are trading Mid 20's, well over 50% higher than their previous highs before financing was required and the SP is nearly 5 times as much as it was when the finance package was in talks and uncertainty played a factor in lowering the SP. I had the pleasure of watching this unfold as I was a holder of SOU shares. Today I am a holder of Emed shares and I strongly believe I will witness something remarkably similar, it all seems a bit uncanny. Our SP is only sat at 5p due to the uncertainty revolving around the finance IMO. Remove this, and we can go full steam ahead in releasing the value of our assets. My personal opinion is that we will see an element of the fianance package priced at 7p +. If a 4th party is to play a part in the finance structure they will either provide a loan on very good terms (otherwise Traf, XGC, Orion could fund themselves) or pay between 7p - 9p to be involved in the placing. Why would any of our Big 3 allow a 4th party to join in on more favourable terms than they have to date. Give this 9 / 12 months after finance has been announced and I fully expect that we could see a similar change in fortunes as I was fortunate to be involved in with Sound Oil, 20p could become achievable with significant resource upgrade, high grades from Exploration Drilling and producing at 5mtpa with a programme and announcement that production will be increased to and beyond 9mtpa. Of course, this is providing we haven't had a T/O offer accepted by that point ;-) GLA

Currently $2.945 lb. I strongly believe the price of copper will be $3.00 lb + at the time we start producing. I have a feeling we may all witness a remarkable turnaround in our fortunes. Let's hope so. There should be various newsflow released this quarter that could potentially add significant value. GLA

Malkis, we all have to make our own decisions based upon our own current circumstances. For me personally I continue to look at the bigger picture, through hours and hours of research, and not focus too heavily on our current MCap / SP. The upcoming finance package is of course important but equally so is our resource update in the open pit, exploration drilling results to prove up higher grades, both of which will contribute towards a new modelling report of PRT about to be published. The financing package is soon to be announced, our current SP stagnates around 5p, Traf was the most recent of our Big3 to purchase shares and did so paying 9p. XGC and Orion have paid more than that previously and their current averages are around 8p - 9p. There are indications that a 4th party may be involved in the finance structure. With XGC and Orion having been here a long time with averages around 9p, Traf muscling in and happily paying 9p to take their position, do we honestly believe any of our Big3 would allow a 4th party to join so late in the game and be part of the finance package by only paying 5p a share .......... I think not !

For PRT aiming to be realeased within the next 6 weeks !

There are two separate drilling campaigns currently at PRT, and the results could be published this month. Firstly the resource upgrade in the open pit. The existing known resource, and our calculations, have been based on 123 million tonnes at 0.49% copper. With the recent infill drilling it has been indicated that these resources could potentially increase to 200 million tonnes at the same grade. A 50% / 60% increase is very substantially ! We have also been doing some exploration, deeper drilling, at San Dionisio, San Antonio and Alfredo. The deeper drilling results could publish far higher grades, such as 1.5% copper. Higher grades should increase our value considerably as these grades could be blended with the lower grade ore from the open pit. Emed have been collating and documenting all the data and there will be a new modelling report published. In March we were busy organising for the info to be valuated 43 101 compliant. Upgrade resources and deeper drilling results, new modelling for PRT expected soon ! Also currently looking at Magdalena, this resource is potentially Huge and was discovered by Traf who have shared their findings with us ....... Hmmm !

The copper price is very significant. On reaching 3.00 our profitability increases by 50%, as stated in the most recent Edison Report. Add to that a positive resource update, expected in the next couple of weeks, and things soon start to look very different here.

Copper continuing to tick up, currently 2.8890. I am starting to think we will see 3.00 a lot sooner than I had originally thought. And it would not surprise me if the trend continues and we surpass 3.00 over the course of this year.

Yes, copper price is strengthening, very significant. My understanding is that drilling results are expected mid May, so not long to wait now. Things could change here for the better very soon !

I am not expecting any news tomorrow of the finance package having been finalised, but May and June have the potential to be exciting months for all holders.

........... And then bought into Emed in June ! There is a clear indication that the deposit at Magdalena will be huge.

Tracylied, I do agree with some of your posts over at ADVFN where you post as Lucky Punter, but at this moment in time I do feel strongly about Traf's intentions being a T/O. This doesn't mean I am right and I do appreciate your opinion.It is healthy to have a differing view, you may well be correct , and for this reason I will not dismiss the thoughts your have shared. My personal view is that Traf's way of doing business is to own assets and I am sure they would prefer to have the rights to all the assets at PRT rather than split it three ways with XGC and Orion. The very fact they own their own mine, Agua Tenidas, just 20 miles down the road indicates to me the additional value PRT could present to them (more so than to XGC and Orion). Not only will Emed and PRT more than stand on its own two feet and could potentially be very profitable but the synergies between this and Traf's own mine would make a joint operation between the two mines very profitable indeed and for many many years to come. Let's remind ourselves Traf have already invested approx 300 million into Agua Tenidas which with their further investment will still only be capable of 4.4 / 4.6 mtpa. We will be targeting 5mtpa in the first year but IMO very quickly gearing up to 9 mtpa. I totally agree all hinges on drilling results and higher grades. But I believe Emed, and Traf for example, will need to know the outcome of these results to be able to put a more accurate value on the company. I strongly believe Traf will want full control here and all the assets, which will make their existing investment and mine much more profitable. And for this reason I believe once the drilling results are known it will become easier for a company like Traf to value and make their T/O offer.

I believe their aim and intention is to T/O. I am of the opinion we will receive a T/O offer during the course of this year, and I am starting to think this could be sooner rather than later. The next couple of months have the potential to get really interesting IMO.

There is certainly no evidence to support a rights issue. This is just speculation by some PI's across the various BB's. Unless the company make such a statement I will not be considering it an option. In my opinion the Big3 will be financing this on their own in some form or another.

We should receive an RNS this week in regards to financial statements. This does not mean the finance package. I am not expecting news of the finance package just yet, and I take this as a positive. The closer we can get to commissioning before the fianance package is agreed the better as this should present to us more options. These options could prove to be more favorable to Emed. With the price of copper strengthening, drilling results imminent and progress on site continuing towards commissioning, this is going to get rather exciting. There is a very fine line being towed here imo, but I believe Alberto knows exactly what he is doing.

Malkis, there is a lot of talk on the various BB's about the finance package and there being a rights issue. I have not seen or heard any evidence to support this, therefore I am not currently considering it as an option. I am sure, and we have been told, there will be more than one option on how the finance is raised. I am not overly concerned as there have been on more than one occasion an indication from the company that the Capex has been reduced significantly, this should not be underestimated, and I believe will offset the dilution that may occur. Dilution of our share holdings is not good but if the finance raised helps re-rate the companies MCap, our SP, then it should be viewed as a positive. We have known for a year that we need to raise funds to release the value of our assets and I strongly believe the relatively small amount of finance we need will be more than off set by the enhanced value and position the company will find itself in. We must remember how significant it is going from a company aiming to be a producer to one that is producing. Reaching production, and we are told is now not far away, is a massive milestone and one that will generate a stream of income for us for many many years to come.

Malkis, I'm sure Traf would like to snap these up below the market price of 4.50 or less ! But the fact remains that if they were to make a T/O offer before the end of June they would have to offer a minimum of 9p. A T/O offer has to be higher than a price previously paid for shares in a 12 month period, and Traf paid 9p for a considerable amount of their holding last June. Traf are also not permitted to cross the 20% holding without consent by the company. Therefore if they were to make a T/O offer it would have to be acceptable to XGC, and their current average is approx 8.5p / 9p and they have an off take agreement.

A nice example of how sentiment weighs heavily on a companies MCap / SP when the market chooses to ignore all positives and only price in the negative. This does generally happen when there is uncertainty revolving around finance, and I can understand this. However I personally choose to look at the bigger picture. This has proven to benefit me in the past, and I can give another example of a share I have been in that mirrored the TCG share you mention and I strongly believe Emed is mirroring now. I was a holder in Sound Oil, MCap was happily trading at around 12.5p July / Aug / early Sept 2013. Finance was needed to progress and release the value of their 'Existing' assets (Sound familiar so far). The SP plunged over the following months reaching a low of 4.5p in Feb14. It wasn't until April 14 when the uncertainty around the finance was removed that the share started to reflect value again, immediately the SP rose 50% on the day that finance had been secured, Although there had not been much doubt from the BOD that finance was ever an issue (Again, sound familiar). The SP continued to grow through May/ June / July / August / Sept re-rating to 13.33p on 4th Sept, higher than the SP actually was prior to financing being needed. Additional progress has added to the value of the shares which are today trading at over 20p. Having been a holder of Sound Oil, knowing and understanding their story, the similarities to Emed are remarkable and I wouldn't be surprised if this unfolds the same way. This is why I am adding where I can at these levels. ATB

..... Are they positioning themselves to make their move. Would be interesting. Regardless wether they are or not, the next few months have the potential to be interesting enough for all holders.

I am pleased that the First Blasting took place today and the occasion was successful, as reported by the local press. I believe there will be many positive press articles to follow. I am however disappointed the company didn't issue an RNS to mark such a significant occasion, and what should have been a celebration to share with all the shareholders. I can only think / hope an RNS will be issued on Monday Morning.

First Blasting at PRT will be this Friday. This is ahead of schedule and will mark a very fundermental moment in time. Our MCap / SP must surely re-rate substantially in the very near future with the main drivers being : First Blasting / Finance Package Announced (As the uncertainty is putting a huge drag on the SP) / Resource Update. For me personally the resource update will be the most interesting, and if my suspicions are correct will add tremendous value.