Member Info for Tracylied

Someone has been busy slipping in lots if new photos at the bottom of the photo page on the website. Many say 21/04 but I do not think that is quite right because some of the work was not at that stage on 21st. I guess we can look forward to some May 2015 photos. I like the temporary generators going in for commissioning of the dry section, they are hired and expensive so we can expect dry material handling commissioning any day. Just drawing the loose ends together now.

If the drilling results show easy to reach higher grades for PRT and for straight sale to trafigura. If those results coincide with higher copper prices and some guidance on the first production timetable we will see this share price move quickly. A lot to ask but I can see it happening.

Over $6200 a ton. The copper price and grade are the two most important factors right now when it comes to valuing emed. Hopefully value added by the drill bit will be revealed very soon. Copper at 3$ lb massively enhances the return.

You are talking of the commissioning of the individual functions, in July I expect the commissioning of the entire process from rock and dust to concentrate. As each element is completed its thoroughly tested often under load but the results cannot be relied upon until the wet or hot commissioning is complete and product exits the plant within tolerance. There is still much to do onsite before concentrate is produced although the to-do list is getting shorter at a rate.

The website has more New photos on today. The reagent tanks appear to have moved on in the last 24 hours. Last Thursday there was just the retaining wall evident and now half of the silo is in place. I think the site will be completed in June and well into commissioning early July. I am not too interested in the micro movement of the share price which appears to be managed at the moment for whatever reason. I will buy if there is any dip but right now it is a firm hold for me.

It would have been quite unfair to extend the loan with no real benefit to those who stumped up the cash unsecured. The penalty will be weighed against the costs of the new money I suspect. They wasted no time moving the loaders and trucks in to remove the material, hardly had the dust settled. I have never seen Spanish contractors move so fast. The pictures today were quite revealing as the reagent tank bases were not there last Thursday yet in the photo they are assembling the tanks. I guess they are 7 days a week.

I would be surprised to see the finance news before the 30th April. They don't need the finance yet and I suspect it will cost from day one so why take it before it's needed just to avoid a small penalty. I suspect the penalty was kept small for a reason. I would like to see the finance package announced after the anticipated drilling results. Emed is certainly a buy and I have taken a few more today at a very generous price. No hurry with this. There is plenty of upside to be had but the share price is very unlikely to make much sense for a while yet.

There are some awesome new pictures on the website. The progress is massive and rapid, that is clear to see.

I guess you need to ask how many raw unprocessed tons they really need then decide whether they have to own emed to gain access to those tons. The current off takes would still be honoured if they owned PRT or not. I have no interest in trying to convince you or anyone else, I am just thinking aloud. No need to reply I am off for a swim.

I don't think their aim is a takeover, if it were they would have done it already. I think their aim is to facilitate the restart and to secure access to as much raw and processed material as they can. With the potential and known resources on the emed ground and their own plant down the road the benefit is obvious. However the benefit to emed is also obvious. All hinges I suggest on drilling to target nearby higher grades.

The share is not in freefall, it has gently settled since the last 40% rise. This is the way it goes. The price goes up a few clever gamblers try to trade them and they pull the price back. There is an expectation it may drop back a bit more so they are not buying back yet. A really dangerous game to play if you ask me and it does screw it up for everyone else but that is the way it works. The chart will turn up again soon. I am not selling any and will buy more if it drops any further.

The second blast at the mine was rather more impressive than the first and breaking at the rest of the ledge for removal. The whole project is coming together now; first production is near term now and they will be producing Copper concentrate this year in the heat of the Spanish summer.

If they do need that reassurance then they are buying for the wrong reasons and will sell also for the wrong reasons. This company will attract investors; many will come with the production and the potential for further resource and expansion. They are not the type to be buying now but they will be buying soon. It is not worth trying to wish the share price up and share price movement now is largely irrelevant if you intend to be here for the journey. I am very chilled about this, I am holding for the mid to long and just buying on the dips.

Fateddie this is not a short term trade; all that is required is some patience. I see no point in second guessing this day by day. We do not need an RNS unless there is something to say. If the share price and shareholders need constant reassurance from the company then they are not the shareholders this company needs. This is a mid to long term hold from here, production is a couple of months away and anybody holding now should be doing so at least until the phase one production stabilises and the share price re-rates. There are a few buys today but look at the volume, it is tiny. This share is in a holding pattern for now and the MM's seem happy to leave a large spread header and low volume. I suspect something is going on in the background that will soon be released. In the meantime all you need to make money on this share is to sit and wait.

I suspect there is a good reason for that which will be disclosed very soon. The finance package should ideally be released in a stable market to get the price right. It will be released soon and all concerned have to like the outcome for the finance to be a success as an EGM and a vote will be required. Average of last 20 days would be good to all but releasing that at 6p a share may not get through.

There is always the long shot but I think we all can see they won't be doing that at 10p a share. More like 20.

Is rather deceiving when you account for the exchange rate the price is actually rather better than it appears. The $1.57 all in cost was established when the dollar and euro looked rather different. The labour and energy costs are in the weak euro so we can expect the figures to look much stronger. In equivalent euros copper is already at 3 a pound.

Before the end of the summer. Reported today that the first concentrates will be removed before the end of the summer. That is as many thought way ahead of schedule.

It doesn't work like that. The blast is scheduled and notified. They can't just deploy 6.5 tons of explosives. If the window is missed they reschedule for another day and go through the process again. It would reflect upon the competence if all measures were not taken to deliver. Anyway all is good.

Well the translation is very poor and that is certainly not the case. The blast, there is only one phased blast is scheduled for 1300 that is 12 o clock UK time. If they had "just began" blasting at 1500 local then there would be a two hour delay. That would not bode well for the competence of the contractors.