Member Info for Tracylied

Just because the colour is buy it does not mean it is a Buy and red does not mean a sell. There were sells yesterday they were just above the mid price and right now there are buys reported as sells. The colours are merely indicators. Currently it is 3.85p to buy and 3.78p to sell. All buys at 3.85p will be red as that is below the mid. The whole point of dropping the price is to attract buyers and now they are trying to shake some sellers out. If they do not come they will mark up again as this stock is so liquid even £30k can tip the balance. I would like to think the more substantial buyers are the product of the promo events in the City Mon,Tues and Weds last week where Alberto had meetings with HNW individuals and institutions. Of course it is near impossible to build a decent holding without running the share price up.

No resource update, yes but that is about year 15+ what is the rush. It will be released when the drilling is complete, little point in doing the same job twice. Alberto quite rightly said last Thursday that the drilling is largely about internal data to select the ore not about the future reserve. The off take information is there for all to see they can be no more specific as they do not know what each ton contains. There are no discounts in the off takes beyond industry norms. You are a great example of the type of person the management want shot of. You post like an idiot.

I guess some of the idiot posts give it away.

What does that even mean. I had a early meeting. All done for the day now.

Discussed that with Alberto and he thought that was a stupid notion. He asked what do shareholders think we will do with all the profit. I suggest you contact him rather than delude yourself. PRT will be generating millions in profit. Currently we are weeks away from phase one tag production. Maybe you should have bothered to go along last Thursday.

left the door open and Emed simply walked through it. Emed will certainly pay something but it will never be 53m euros as clearly they do not have to and it will not be any time soon. Emed did not go out of their way to avoid the payment; they took the only path open to them. Had they not Astor would have got nothing. As it stands Emed did the best for all parties including the smaller private Investors. However the moaning. whinging and uneducated private investors are not needed now Emed are in the big league. The consolidation and the new name are to appeal to the corporate and significant investors. The smaller investors will move on when in profit and allow for a strong shareholder base. I have enjoyed being an multi million Emed holder; I will soon hold just 110k shares. My strategy is to hold 75k (new money) for the inevitable dividends and to take my stake back in 35k shares. I need a little over £3 a share for that. I suspect that will be another 6-12 months. Best of luck all.

Posts since the announcement yesterday. Absolutely nothing changes simply larger investors and institutions do not like penny shares. The reason Emed are courting larger investors is because they know what they are doing. How can anyone invest without understanding the basics. On Thursday 9 trucks loaded with concentrate left the mine for the port. The website has new pictures showing a bulk trailer leaving the new weigh bridge. Current production is ramping up rapidly, producing 24/7 at about half tag capacity. A couple of months and emed will be profit making on 5 mtpa throughput. The management have pushed the PR hard over the last week doing the rounds in the city. Hopefully we will see a more affluent and knowledgeable shareholder base form over the next few months. Dividends are not off the table as I have said before, Alberto can't understand where that idea came from.

Emed are in production now, currently running 24/7 on all lines. Yesterday 9 full wagons left site. Small scale on ramp up currently producing at half tag capacity. Alberto still calls it commissioning but it is commercial production. They will meet steady state 5 mtpa throughput well before the January guidance. It could be as early as November. The trucks are there for all to see and whilst a stockpile of course and fine ore is building on site the concentrate is moved quite quickly once samples are through the lab.

Please feel free to ignore me. Have a good day.

Is definitely the man for the job at the moment but he was only appointed to restart the mine. I see nothing wrong with the news flow, there have been regular updates and I like a company that doesn't spin every detail. This phase is about adding value to the mine, profitable mining is a couple of months away. High maintenance shareholders that need constant handholding are just fair-weather friends and really need to move on.

Of course the shortfall is at prices below the current and likely not to be an issue. The thought of further dilution was soundly put to bed by Alberto. On balance it was a presentation that continued Emeds very refined and conservative stance. Full phase one production marked as January but indicated as well before then. Phase one expansion shown as early next year but construction is already out of the ground and the mill arrives in a few weeks. On the graph they don't start construction for months. We don't like to over promise he says. The progress is rapid he says. They are going like the clappers. I think you get the picture. It is time that the AIM started to value Emed as a producer with real profit now a few short months away.

The C3 can't change without a new report so I fail to see where that comes from. I will ask the question but I suspect it is wrong. The broker target is also wrong as it should be 6p now. When the new reserve and report is produced the C3 can only reduce as the costs across the whole project have reduced. Key fundamentals like the exchange rate have become more favourable. Commercial production is shown as January 2016, that is at 5 mtpa which is a super quick ramp up. The actual costs per ton will be interesting at that point as the business should be profitable even at such a small scale.

Definitely a buy, right place right time.

Great opportunity for those who have been waiting. I took more at 3.53p yet to show on the screen.

Well clearly he can't provide information on anything not in the public domain. The new reserve and more importantly the new compliant report due within 45 days of the release of drilling report will be released when the programme is complete. There is no point in a interim report. I believe that the c3 costs could reduce by 10% or more. At todays copper price Emed will be highly profitable in a few short months. Still a screaming buy at this price.

There usually is an opportunity but rumour has it Alberto is first on as he has a flight. I suspect he has been in London for more than an event he can't stay to the end of. This should mark the start of a promotional campaign to engage investors under the new company name. I doubt much will be visible to the pleb market as most will be targeted to the city HNW investors. I am only interested in the Emed presentation so will try to grab Alberto before he departs. I am not much interested in the reserve update but want disclosure of the current position onsite. Lorries are leaving the site full but the market has not yet been told that we are commercially producing.

The Beaufort Investor evening is on Thursday in London. I think Alberto is on first.

The warehouse levels have been largely static recently. At midnight the LME inventory will drop again to 360,825 tons.

It will always be subject to finance but if it was not viable then they would not proceed. Scale is third to grade and copper price but it is the one aspect they can control. The desk top study for phase 2 will be released soon and then we will have a clear picture of the costs involved. I do wonder if the fleet is performing better than expected if they may go for more than 9.5 mtpa.

I suspect that they will do all that they can to avoid that. The desired model is to self fund but obviously they need Copper to recover some for that to deliver within the time. It will be a call for the time, they have to reach the most efficient size as quickly as possible.