Member Info for Tracylied

2 sells today dominate the very low volume today so far. Seems a very strange time to be letting any go.

I am currently out of MWA. I have sold down over the last week or so and will sit out. We already know the figures released in a couple of weeks will be poor and the commodity prices are not going anywhere positive any time soon. MWA has stalled on the road and it will take a strong push to get it going again. There is plenty of potential ahead with the smelter restarting and better commercial performance expected in the next quarter that starts today. I think the share price will fall to the lows of 2013 over the next few months.

Yes indeed a remarkable performance by Alberto and his team. Whilst many were focused on the detail of the funding the company were adding significant value for minimal expense. I have been buying now for several weeks whilst this has played out. It's clear to me that we are due a major and sustainable re-rating.

The new images on the website are looking very much like the finished article. The refurbishment, repair and replacement programme is in the last phase now. The company have really done an awesome job.

Could well be a option over more shares. There is also the matter of liquidity. It is hard to buy in volume without paying a premium. I would be very happy to contribute to the restart at say the average price over the previous couple of weeks. I see the value produced by the funding to restart the mine as superb value even on a straight asset basis let alone the profit that asset will produce.

I have taken a few over a couple of million over the last 6 weeks or so towards the bottom of the dips. My strategy is mid and long term always looking for the free carry which I intend to take at 10p or so. I will be interested to see the terms of any shareholder participation. I suspect it will be 1:1 to double the shares in issue worst case. I fully expect the offer to be made to all shareholders with the 3 taking up any shares not lifted from the market with some conditions to protect Private Investors. If I get offered 1:1 even at a small premium with a 1:5 warrant at say 8p I would jump at that. I hope the deal goes through at 5p or so. I believe the dilution will be great value for shareholders who have bought recently but I suspect long term holders still sitting on expensive shares will be upset. The mine restarting is the goal and that will be achieved massively under budget and well ahead of the timetable. That will largely offset the dilution in my view.

MWA are guaranteeing the bond payments are met but the payments actually come from BNC. There is very little risk commercially, the smelter operational is worth maybe $500m and there is huge demand regionally for smelting. Many ship 4000 miles to smelt as Glencore do now with our concentrate. There is absolutely no threat to MWA as the amount concerned is peanuts compared to potential revenues from the smelter.

The UK listing is the main market and the TSX will generally follow the UK. There are only a few trades and whilst the TSX avoids the extremes it rarely steps far out of phase.

3-5 years you will way more than treble your money. In 3 years Prt will be processing 15 mtpa and profit will be substantial. Yes there will be more shares in issue but you can certainly expect 20p a share. The share price currently is well below half of what I would call fair value today given the physical progress and savings made. I would wager that you will treble your money in 12 months. The trend will reverse now to turn up and progress will drive that. Do not fear the funding it is necessary and unlocks huge value.

The value of your existing shares may well increase because the new shares are exchanged for cash which the company has to spend on the construction and debt. The value of the mine open is much more than with it closed. You physically retain the same number of shares if you don't take part but your % of the whole thing is reduced. That is not massively important to most people. It is often the case that if you have dilution for running costs then it leads to a lower share price and if dilution buys something material like a mine that will earn profit it leads to a higher share price. If the share base were to double and the mine was funded, this would be great news. The mine and plant must be worth 500 m $.

Is often a slow burner rather than a bright flare. I expect the share price to reverse the down trend and to gather pace into production. I think it is just a matter of waiting now. All my shares are medium to long term. I think we will see improved volume into the new tax year with investors utilising their ISAs. Very soon we will be shareholders in a producer of Copper rather than a consumer of funds.

I suspect the longer Alberto takes to agree the deal the more panicked the 3 become hence the penalty. The construction is nearing completion and as it does the more appealing it would look to others. Off takes are agreed but if there is no production there are no off takes so the finance will complete. Probably towards the end of April.

I would be disappointed if it were that low. I believe a definitive finance deal will be done before the end of April. I suspect all concerned do not want to scale back any of the work onsite and by then they will be coming to the end of the funds. It is in everybody's interest to get the funding resolved in a fair and sustainable way. I suspect that they will fund phase one and two together in one package and work on phase 2 will begin before the first production.

You average share price is the total paid divided by the number of shares. It doesn't matter how you come about them.

Not taking part does not dilute your value because the new shares are exchanged for cash which goes to the company you are invested in. In this case the cash will pay debts and finish the construction. That will add value. You can maintain your percentage holding by participation or reduce it by not participating. With PRT producing the asset is worth maybe 10 times what it was dormant so the whole deal is cracking value. I doubt it would be at a discount and may be at a premium with a bolt on sweetener like an option at a higher price with a 3 year window. I see PRT in production again as an absolute certainty. I believe the name over the door will not be Emed but we will still own it.

A world class resource and plant. Crazy thought, production is now near term. This is a real game changer for emed. Cash burner to cash generator in a few short months. Of course the finance will be painful but the rewards will be massive.

However clearly there is much wrong with their thought process. This is factually incorrect. They are merely looking at the share price and not at the situation which the company are in. The money has been well spent and has added substantial value. The progress is tangible. The funding will be aided by the fact they are well under budget and state that they will be in production Q3 this year. The build is more than 80% complete. It is in the major shareholders interest to complete the funding when it is required middle of next month. They are heavily invested in Emed and want access to the product. I fail to see how winnifrith reached his conclusions but with him I am not surprised. Today I suspect we will hear that the last $6m has been drawn down and the end date extended until 30 April. Emed are in a strong position over funding and I expect it to complete with no fuss.

Indeed it will be 20p. No reason why not if Copper prices are strong and ramp up to 5 is achieved and 9 is funded.

Been largely below the mid price so far. Current price is 3.50p and 3.57p.

Have faith in the mine. They gave $30m unsecured. The work is over 80% complete and way under budget. All 3 want in for different reasons, I doubt any are hostile. An agreement will be announced when it is complete. All the fear and speculation just stops some taking cheap shares.