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However Emed are producing right now at Rio Tinto.

Certainly for the contrarian investors the buying window is closing. There will be fresh buyers following production news and many more when emed are in profit. The demand on production will be subdued by the copper price but as we have seen it takes very little to move the share price. Despite the scaremongering over supply/demand and a fictional glut of Copper the 350000 tons in the warehouses is not historically high and prices have been well over $3lb with 50% more in the warehouses before. I suspect the inventory held by end users is very low anticipating a bargain. Available copper is under 20000 tons the rest is held under warrant to be traded, as security or as a straight investment. I doubt much of that will be released below $6500 ton. Looking forward 2016 and double figures; I suspect it will be the case after ramp up and with profitability.

They are still drilling now. I see little point in interim drilling results and a resource update. They will be repeating much of the work. However we will get drilling results to May soon then within 45 days a full report including costing for the enhanced production. A lot of work.

I really don't understand posts like that. If you want and exit at a decent price and don't want to buy more. You certainly need others to buy to allow you to exit. What is the point in the company having a PR strategy if you post stuff like that on a public forum. Where do you think people engaged over the next few months will look for shareholder sentiment. If you want to shoot yourself in the foot fine, it makes no difference to me I have spent a lot of time here building my holding and I am going nowhere no matter what the share price until we get steady state and regular dividend payments.

So your opinion is that your investment is not going anywhere but you hold waiting for the company to change your opinion. You post nonsense about your own fear and expect others to support the share price for your benefit. Then you blame the company for not attracting others. Unbelievable that you expect the company to do for you what you wont do for yourself. Unfortunately it sums up much of the British public who rather invest their energy bleating and moaning waiting of for things to change. If it is so bad take control of your destiny, display some backbone and sell. Whatever I do not care but stop bleating and crying like a baby.

Have a look at the definition of ramping.

You are afraid of that are you. Why be afraid? It really takes very little to scare you. Makes me wonder why you would ever buy at all. If they are so bad and you feel so let down why are you still holding? I fail to see why you are so negative but clearly you are the crying and pant wetting sort.

My post below was quoting info from fastmarkets daily report but the LME now quotes different information.....

A better day today than yesterday for Copper. Tonight the LME monitored warehouses will report a fall to 350k tons but more significant the cancelled warrants will fall by nearly 25%. The devaluation in China was immediately considered negative for copper by the market however that was obviously nonsense given the point of the strategy. It always makes me smile when there is a negative story on Chinese growth which is currently at 6%. 6% the rest of the world can only dream of. What they fail to mention is that this is compound and there have been many years of strong growth which has now increased by 6%.

That video was towards the end of last month and has been on the website for a couple of weeks; it was the first wet test of the system and it was reported as all working fine. That was with no material suspended and since then they have added ore to the process and are commissioning wet with material. Commercial production is the next step and that has likely been achieved already but the definition is a grey area; they certainly will have produced concentrate but maybe not on a continuous basis. The result will need to be lab sampled and tested. I suspect the RNS when it comes will say about delivery rather than production. Exciting times for the company.

£45 poorer than if they sold now. The share price really is nonsense.

It is frustrating when Emed has so much to offer but the market is not yet ready to accept Emed is a success. I doubt very much if Alberto can buy any shares currently with news pending; his position is as inside as it gets. Although there are still hundreds of millions of shares potentially in smaller investors hands the volume tells us that many are here to hold not to sell. I am certainly not letting a single share go until we are well into double figures and whilst some may be happy to recover their shirt by then there will be plenty of new money to move them on. Production and the planned PR campaign will introduce new shareholders to Emed. The change of name and the PR campaign will commence during ramp up. In my view this is a simple and relatively stress free wait. Even at globally depressed prices Emed will be transformed by production. Given the exchange rates the Copper price is still very worthwhile; this view is supported by the cost reductions the lower oil price provides. Copper production is sensitive to a huge wage bill paid in Euros and to fuel costs which look very competitive right now. Any recovery for Copper will be massively positive; the main risk is timing I believe. I have no problem with delaying the resource update, it will only be interim anyway and I would rather wait for the end result so the market gets a good view of what is available at Rio Tinto. This investment is still the mid to long game for me with 10 years+ dividends looming.

There may be over 3 billion shares on issue but very few of those are free traders. A small % of shares control the share price movement and even low volume creates a liquidity issue. Any demand on the buy side and the share price can move a long way. Liquidity is a major challenge and sellers are needed to create a sustainable rise. Production will bring us buyers and sellers after such a wait.

Looking stronger. It really takes very little to switch it around. Tiny volume today. Calm before the storm of production.

Funny how they quote shanghai a really insignificant count, why not New York if they want to look at regional stocks. The LME is the only figure worthy of quote since the Chinese scandal with copper paper investments. Copper will play out in real metal despite the scaremongering, demand is still high for the metal. Much of the Chinese slowing of expansion is in banking and services rather than construction and heavy industry.

Stockpiles are a bit misleading as they show how far in advance consumers are buying rather than how much copper is available. If they think copper will go down further they buy as they need it. Right now they will be holding very little. Anything of a change of circumstance and they will need to buy larger quantity to cover consumption and to form their own stock. Again today copper showing resilience, opening down and dragging back to blue.

You know nothing little man

What can I say, I won't lose sleep over it. I don't value your opinion and I don't care if you don't value mine. You probably do hold more than me I have enough to make a substantial difference to my life at 10p a share but my views go well beyond that. I am into Emed for 124k, which is a decent stake for me and a shade under 40% of my portfolio. Have a great day.

I doubt there is any discount beyond a reasonable cost for transportation which emed will not incur. The four hold the majority of the shares but have virtually no power or hold over emed unless the item is of interest to all four. Clearly selling raw ore to trafigura at an excessive discount would be against the interests of the others so they will not allow it. Looking at the four the investors seeking a increased share price and dividend are pushing for that and the symbiotic miners and consumers want concentrate. I would say emed have the perfect blend of major shareholders. Speaking of perfect blend trafigura want emed concentrate to blend out the impurities in their concentrate and to add scale to their operation. The benefits are clear for both as the delivery of concentrate is a few kilometres and emed can take no penalties at the smelter because they are not supplying the smelter. That is worth a small discount because transport and smelting are in the $1.57 lb costing, clearly that saving must be passed on but it will not impact the profit margin. I suggest that if you feel that you will be ripped off at every turn then you should not be invested in this share.

Not sure what a take off is but an off take to 100% means that all of the scheduled concentrate production had a guaranteed buyer. Not just a guaranteed buyer but a guaranteed local buyer. No shipping round the globe to sell. It is either at the door, at the smelter 75kms away or at the port a similar distance. Any discount to spot will relate to the ease of access to the marketplace. Of course beyond that there is any excess concentrate or raw material that they have yet to find a market for but I don't think that will be difficult. Off takes will local consumers are one of the big plus points for emed.