Member Info for Tracylied

Nothing about their mindset it is the reality. They have been long term in a wannabe producer that has performed like an explorer. Either they accept the dynamics of the market or not. Harry did a lot of damage here and now Alberto has finished the job Copper is on its backside. I suggest that they look at copper rather than Emed for the way forward. Buying low is what it is all about, long term holders should be buying now not bleating and whining about the share price. Clearly any valuation now will be poor as is the valuation of every other miner. Look to the future, that is what an investment is.

Unfortunately the timing is terrible for Emed but that is the risk you take when you buy a share. Emed are in production now and very soon that production will be commercial as in 24/7 in the ramp up phase. The costs are projected as $1.72 lb as in. I believe that given a resource update, capital costs of 50% of those used in the calculation, oil price at less than 50% of that used, a very favourable exchange rate and a longer LOM the next figures will be more like $1.55-1.60 lb. Obviously those figures will based on steady state i.e. beyond ramp up but even at todays price the whole deal looks very promising. You are not alone being down; my average is 4.04p so I am also down however even if the share price were 8p now I would not be selling. I pay very little attention to the share price as I am here for long term production. Those who claim to be long termers here are long term in an explorer and not long term in a producer. Right now the AIM does not value either; a Copper price recovery and producers will benefit especially those with low costs. I am positive on Copper so must be positive on Emed.

what is discussing language? In breach of what rule exactly? Come on Sheps tell me.

Before you say anything the market norms are penalties for undesirable by-products and there will be credits for precious or base metals also extracted at the smelter. The other terms will relate to delivery to the port or smelter. This is within market norms. So what have you reported and to whom. I look forward to their investigation. Now which one of us is the fool.

So who did you report me to; the noddy police. This may be of interest: Thank you for your query. There has been disclosure previously about the off-take agreements entered into in connection with the recent fundraising and we would draw your attention to pages 26 and 75 of the circular to shareholders dated 29 May 2015 and page 14 of the regulatory announcement dated 28 May 2015. As regards the sale price of copper, we disclosed the following: "The price to be paid by an Offtake Party for any copper produced from the Rio Tinto Copper Project will be determined by reference to the average of the daily official London Metal Exchange market price quotations for a MT of the relevant metal, subject to the deduction of certain stipulated discounts and penalties." Note that, as you might expect, all of the off-take agreements contain confidentiality provisions that prevent EMED from disclosing details of the provisions of those agreements, save with the consent of the other parties to those agreements or in certain other limited circumstances. This includes disclosure required by the rules of any applicable stock exchange. In the present case, as the sale prices are determined by reference to market prices and the level of the ultimate discount is within market norms, the Company is of the view that neither AIM or TSX rules oblige it to disclose specific commercial terms of the agreements. This is consistent with disclosures made in respect of earlier off-take arrangements entered into by the Company. As always, we thank you for your support and interest in the Company. Kind regards George Hadjineophytou Group FC

To what specifically.

Have been disclosed so there is no secret with those, market price is what they will pay. I don't think long term holders are holding the share price back I think the copper price is holding it back at the moment. Quite rightly really as that determines the amount of profit emed will make. Clearly the project will be highly profitable compared to many others in the sector. I think many long term holders will move on when the share price rises.

What a ridiculous post. Look across the sector, many have lost 90% some have lost everything and are no longer with us so Emed is quite a strong performer. Many have no prospect of a share price re-rate; Emed are moving into production and massive value will be added. Why would they put the ore back in the ground, even at today's copper price mining at PRT is still very profitable. Emed will be a low cost producer any day now. Emed have no challenges beyond the Copper price and I doubt that will be this low for long as it is focused on China which is a bit is a misleading situation. C3 at PRT will be well below anywhere Copper can go as there are very few low cost producers left; many are $2lb+ and Emed at 9 mtpa will be $1.50 or below. I fail to see why anyone would be gloomy right now; if it was not for the massive savings made Emed would be in a dire position right now. As it is anything positive for Copper will add huge value.

Clearly show the concentrate production plant in a completely finished state for phase one. Not just completed but functional. I would say that is a pretty big deal. What we need now is Copper to hold and recover some. We need the ramp up announcement and we need in due course the resource update. We need the update because it will trigger the new cost projections which will reduce the previous substantially. The factors are the increased life of mine, halved capex, cheap oil, and great exchange rate. Still crazy cheap.

Show a mine and processing facility working from ore to concentrate. Note the picture of the primary screen and the fact it is the second one. The second is part of the enhanced production after the initial ramp up. I suspect we are very close to an announcement. Material has been running at PRT most of this month but the continuous 24/7 start up must be very close..... Just need Copper to play ball.

Interesting that Emed have removed the photo gallery from the website.

Another horrible day for Copper. Although nickel looks even worse.

Much depends what you call production. I view first production as the first time any concentrate is produced. Emed are looking for continuous commercial production with all the technicals resolved. The two events are typically several months apart. Since Harry the dreamer left the reporting has been extremely factual and conservative. 5 mtpa throughput is the target by the end of the year. That is commercially viable and achievable.

The 4.10p and below trades are sells. The chart is just a little behind again.

I received this reply from Melissa at Emed yesterday. I would like to thank you for bringing it to my attention that you and others have been able to access this information as indeed it should be private access only as this work is at project stage and the text is merely a mock up. It is an unfortunate error that somehow it has been possible to access this publically and we are working to correct this error with a password protection to prevent general access as soon as possible. I would appreciate you confirming once you are no longer able to access it, just to ensure that access denial has been secured successfully. I would also take the opportunity to explain that during August in general office staff is minimal as people often take annual leave during this hot month even though operations continue as usual on site regardless. Therefore excellent progress has been made during the first half of August but the gallery just has not been updated in a timely manner to reflect this. The website gallery will be updated shortly. I can also confirm that the PR approach has been under review whilst the focus has been on operations and a new strategy is being implemented with the objective of an improvement of IR relations and to seek to offset the fall in share price, which we believe is largely due to general market conditions.

Is anyone planning on going to the presentation.

I can see nothing different, I think rather than depending on your memory you should check out the information in black and white. This is copied directly from the June presentation: ● Open pit measured and indicated resources of 203Mt @ 0.46% Cu (based on a US$3.00/lb pit shell) ● Open pit proven and probable reserves of 123Mt @ 0.49% Cu (based on a US$2.00/lb pit shell) ● Drilling programme to upgrade resources to support expansion plans ― First phase completed with resource recalculations ongoing

Looks the same to me; which figure do you think is different.

I think daz you need to look up the meaning of ramping. So you are supporting your alleged investment by only posting your dissatisfaction and moans. I don't need to wake up, you are a fool.

What is wrong with you. Do you have to bleat and moan about everything the new name is not launched yet so why do shareholders need to know. It's a common known detail that the name is changing so what's the problem. As for the details of the off take they have already told us all we need to know. Market price and industry standard adjustments. That is by-product and delivery. Do you moan about everything or just everything positive about emed. Next week we will hear about the new name and commercial production..... I would not be at all surprised.