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Certainly was not a waste of time, they stated their intention and created an expectation so they had to address that. There will be no shortage of short term funding because it is in everybody's interest to deliver production. This is a complex matter and agreement has been reached the remaining actions are the documentation. The full commissioning will be weeks away now. A really exciting time to hold this share.

You can never second guess the markets. Of course you can it's called investing in shares. That is what we are all doing. I wish you luck with whatever it is you are doing.

Look at the sector, some have lost 90% of their value and have achieved nothing so have gone completely. If you want to blame anyone I would suggest it should be HAA. Since Alberto arrived they have made huge progress and added huge value most of which has not been represented in the share price. That is the opportunity.

Angus that is just crazy, the production is near term. There will be expectation of production that will add value from where we are now. Good luck

Hilarious post thanks for that. The shares are not given away for nothing they are exchanged for cash so there is absolutely no change. The point that is worth making is that the addition shares will pay for PRT to be turned from a dormant cash thirsty giant into a productive cash earning giant. Forget the added value in the now functional machinery which is easily worth £200m the real value is in the resource that can now be turned into concentrate for sale. What is a functional PRT worth over a dormant one; £500m or more is what it would cost to build. No more care and maintenance costs just profit now. Your £72m is now looking cheap I would suggest.

Acamas makes this post "Acamas 19 May'15 - 08:13 - 21647 of 21647 1 0 With Traf's reputation for screwing things down where money is concerned I will be gobsmacked if they have agreed to cough up 7p a share or more. Traf have not got to their present state by being considerate to those around them. For them charity begins at home every time from what I have read on these BB's regarding their M&A activities very hard nosed rather than fair and impartial. But we shall see!" However what he or she fails to consider is that it actually makes very little difference to Trafigura if they pay 5p or 7p. The total amount required to be raised is identical. A placing at 5p dilutes their existing holding and allows others to buy at 5p also. The mathematics of it are simple. They end up with more shares at 5p from a larger pot covering the same assets. Whether they have 10 shares from 100 issued or 100 shares from 1000 issued it is the same thing if all are represented in the placing. There is the PI dilution to consider but I suspect that is the point of additional money from other parties in the placing. If Trafigura allow them to buy at 5p they further dilute their current holding which between the 3 is more than 50%. I see 5p as a fair price as one could buy comfortably below 4p recently and right now you can buy at 4.95p. However the total cash required is much less and production will be achieved much earlier than initially budgeted.

I do not think the share price will gravitate towards the placing price. I suspect the placing price will be at a small premium and the share price will quickly exceed the placing price. I will be very happy with a 5p placing and a total restart budget below £90m.

I see no reason for the share price to sit at the placing level post finance. The new money will not be selling and the new money adds huge value as it unlocks the project and exposes us to near term rewards. The savings from the restart more than offset the dilution and the whole deal massively de risks. Dry side commissioning is underway now as I thought it would be and we can expect full commissioning within 6 weeks. I expect expectation and demand to re rate this share rapidly beyond finance. I expect the volume backers to get a good deal but I expect that there will be plenty of meat left on the bone. Drilling results are pending, announcements about total projected costs and timeline are expected and I think many will be caught short creating demand. In my opinion now is not the time to be light on stock of Emed as they are all but home and dry.

I expect to reach my long term goal in less than 3 years. There are some good reasons to expect a substantial re rate and 20p will look a lot more achievable when the share price starts to rise.

This is not my only investment. I now have 8 shares in my portfolio and I was holding back for other opportunities and the prospect of a chance to take part in a placing. I have decided not to run that risk now and this is the best investment choice by far for me so I am all in at an average of 4p. I think that gives me good protection against any dilution at 5p. I don't think this share will hang about if finance includes a revised timeline and budget. My short term target 9p now and long 19p.

I now hold my maximum amount. I have all my long term and short term and spare cash here for the announcement of the finance. I suspect the share price will move swiftly beyond the announcement. I see the share price as being held static whilst the progress on site continues. I believe the finance deal will be announced with news that the construction will be complete in 6 weeks and the construction budget as having been slashed. I do not think the market will ignore that.

I would suggest all those who know what EMED have bought at prices well below 5p. It will only be the late developers or those who have not yet bought enough who will be buying now. I have invested heavily at a 4p average and I have my fill. Just sitting and waiting for the inevitable re-rating now. I would be quite happy with some equity raising at 5p if the total required were much less than the $153m total so far declared as required. I am hoping it ends below £90m; any less will be a huge bonus.

I don't think it starts tomorrow. Surely the mid month will be the 10 days or so after the start and before the end. I suspect we will get news next week although tomorrow would be good so we get plenty of exposure over the weekend however no matter when it arrives it will amount to the same thing. The important figure for me is the amount of cash required. I am hoping it is less that £90m to complete the works. Some smart new photos today on the website showing rapid progress. Not long now; the chance to buy at 5p will not be here for much longer.

My average was 3.98 prior to the buy but now it is 4p. It took me ages to work it out then I realised that I just had to spend 120k and buy up to 3m. Well within £15 or so.

Opened up 17% buy virtually zero volume.

EMED up 17% on the TSX. Some additional photos on the website today.

Eagle1 The expansion to 9mtpa and beyond are well documented in the restart plan. I do not see them as having anything to do with any pending results. When you say test results do you mean the results of the resource drilling. There has been no drilling here for 25 years so it will be good to get confirmation of grade but the real excitement could be from adjacent targets if the grades look encouraging. I am not sure when those drill results will be announced but we should get something this month. Very exciting times to be a shareholder of EMED.

Again buys outweighing sells today. Annoying bed and ISA looking like two sells have stalled the buying for now. Reality is though that volume is extremely low.

Looks like a done deal now. Great news. Binding equity deal within a week or two. More investors but including the 3. This is only going one way. Perfect timing.

The original schedule had something like 6 months for commissioning which is just nonsense. The commissioning of individual functions will complete as the equipment is installed and signed off but the temporary generators are the giveaway for multiple processes because the power to site is not sufficient for that. I hold firm on June for commissioning and July for first production. First viable money making production and shipping will be later in the summer probably September. However they continue to surpass all expectations so who really knows.