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Midnight 16th with iii.

The cut off for instruction to the nominees is 16th or 17th. After that I think the re-rate will get moving. Production is looking very close judging by the new photos.

Good to see the copper stocks in the warehouses continue to decline. All buys again today. The share price will have to go up soon. Of course some will sell to take their allocation but I doubt that will delay the inevitable.

Dealing costs are only a tenner for most. My 201k buy showed as a sell. The two trades may well trigger an RNS. What's the betting that they were directors picking up some cheap shares. I suspect that they have mopped up the bulk of any loose shares. I believe we will see a subdued lift between now and the EGM despite the vote being a foregone conclusion. Many will perceive a pegging due to the 20:1 issue but in reality that will not be holding this back for long. I see double figures as the next stone to pass. Production expected in July, not just by me anymore; Alberto is now saying the same. We will see a volume of promotion over the next 6 weeks or so as serious investors are courted. Get used to seeing larger trades

Alberto certainly has not sold emed down the toilet. Not long ago those who have enabled this restart could have bought at 3.5p so placing at 4.75p is quite an achievement in this environment. That is a premium on the previous prices. The long term holders who have blindly held whilst many in the sector have been decimated deserve to be losing out here, there's been plenty of opportunity. If Alberto could have got a better deal I am sure he would have. I think it is a very fair price given the state of the exploration and development sector. There is little debt available and that which can be secured is expensive and inflexible. The off takes look like good business. The delivery will be short, a couple of kms, 75 kms to smelter and port. Costs will be low.

At last the chart has caught up with the real price. I suspect we will see a bit of a purge before the price moves up in a meaningful way. Huge value has been added but this market is just caught up in the macro nonsense. This is a time to buy.

Would a £70m a year margin satisfy a £500m cap. The ratios are below many. £500m plus a small dividend each year gives a 20p equivalent over 3 years. It's not hard to get to that kind of margin with small improvements in grade and market price. Clearly the off takes so far announced would have to have included detail if they were not at market rate.

The important numbers are the grade, the recovery and the distance to the market place. I have made conservative assumptions all the way through. I suspect the sale price of concentrate will be market minus smelting and refining costs with a consideration dependent on who ships. Some concentrate will travel across the globe and some will go just a few kms down the road to blend. Much depends where they go with the next level. That will determine the level of dividend but I am working on a 16p share price and 4p in dividends over 3 years. That is easily achievable. It's a hot one today and I need a swim.

I fail to see why there are so many negative posts. Emed are in great shape, the mine will be in production Q3. Commissioning will be before the end of Q2. The dilution was always going to happen but there is plenty of meat left on bone to re rate this share price. This mine is being restarted at half the original cost projection for 5 mtpa and is fully funded to 7.5 mtpa. You can't buy that kind of exposure for less. This would cost minimum 500m to build from nothing and 3 years or more. In production the share price or dividend equivalent will easily make 20p a share in 2-3 years. The success of emed is now assured. Stop trying to talk it down you are wasting your time.

There are buys sub 5p. Looks like a good opportunity to me to take more. Huge value added yesterday with the disclosure that the 150m now buys 50% more production capacity. The figures look very nice.

Fact is that the new shares will not be liquid. The four have worked hard for their shares and three of them must have an average price above 6p a share. They will not be selling any of those shares. The small amount of shares available to current holders at 4.75p will not stop the buying on the market. The restart to 5 mtpa is costing half of the original estimate so current holders are not being ripped off at all. You all could have bought at 4p or less very recently.

Old dogs are old fools. Unbelievable that some hold whilst the share price erodes then when the share price bottoms they do not take advantage. There is no reward for stupidity and you should be grateful to get to keep your shirt

I think you have you volumes muddled up but yes it does significantly increase the volume produced. $58m will be the cost of the expansion so they are something like 50% below budget for phase one. Very impressive.

It looks like a good deal for shareholders to me. They could have bought below 4p not long ago and the new money is paying 4.75p. The big news here though is the total amount raised which is way below the $203m first suggested and is to a capacity of 7.5mtpa rather than the estimated 5mtpa. This will increase the return massively and will make the next stage attainable from working funds rather than involving further finance. In all I see this a satisfactory all round. The arrival of a fourth substantial holder is no surprise. The reality is that a very small percentage of shares held by private investors will be able to move this share price substantially. Whilst there will be many shares in issue I do not see any of those major hands as weak and doubt we will see one of those shares sold in the next 10 years or more. The liquidity is tight and that will continue.

Selling out of EMED at this stage is just bonkers. Selling out and posting on the board is even more crazy. EMED have never been a better investment than they are now. Just my opinion; no need to reply.

You cannot do it on this site.

They certainly do hold all the aces. They hold PRT and the 3 have already committed a huge amount of cash unsecured. They also have off takes to protect, no PRT no off take. That deal is with Emed not a hole in the ground and another operator.

I doubt the 3 largest shareholders have made an offer to Emed. The 3 are not a single entity they are very separate and Emed will certainly be the one offering up any terms as they hold all the aces. Of course anything offered has to be supported by the nomad and the structure has to be legal in all jurisdictions involved. The 3 are not listed elsewhere so the job becomes slightly easier but is still complex. I would forget the penalty idea it is simply interest on the debt, which they are perfectly entitled to. Don't forget that if their interest was destructive they would have just defaulted. Even on an unsecured loan it would have left Emed in trouble requiring a partner sharpish. They did not do that because Alberto is no mug and another partner would be easy to find. They are all supportive and I believe they are all in agreement. The agreement is not yet binding and due diligence is dragging on as it sometimes can. However Alberto would not have made the announcement if he thought it could not be done. I believe that the fully ratified agreement is very close.

I have read your post again and I can make no sense of it. The agreement is non binding because it is an agreement in principal. A binding contract will need to be ratified before funds are released. The problem is that it will need to be ratified in multiple jurisdictions. That will be where the stress is here. I suspect we will have a binding agreement in the next week or two. Just a feeling

You have a very strange thought process. Why would anybody want to change anything at this late stage. There is nothing to be gained by any of them.