Member Info for VanVan

RNS out this morning

Anyone read or seen the article please?

10 Sep'15 - 18: 42 - 53129 of 53131 4 0 Brief update from Beaufort, will do more later. AL left straight after his slot. Corinna from 4C ? is going to answer questions in drinks afterwards. Resources news at the end of the year if I understood him correctly. Very confident Cu price will increase significantly over next few years. I asked re C3. Looks like copy + paste error and using different exchange rate. They haven't changed anything re costs. Asked re Phase 2 Financing. Construction well underway - approved by the key stakeholders earlier in the year using money saved from Phase 1. Shortfall of 20m U.S. Due to fall in Cu price. After some pressing he said shortfall would be covered thro debt not dilution. Beaufort guy then quizzed him on mgt ownership of the company. AL has 3m shares and said he can't afford to buy anymore at the moment due to just paying the taxman 500k! I think he got the hint tho. Beaufort man said EMED were a buy.

Progress being made & nice SP reaction today. More news on tuesday.

Any experts? This is looking have respectable imo. Given the amount of gold produced by HGM, any increase in the gold price is going to have a massive leverage impact. Is this time to be adding HGM?

This is a great share to hold through thick & thin. It is comforting to see that so far SUS has not succumbed to the panic selling.

Result of General Meeting 3 August 2015 The Board of S&U is pleased to announce that, at the General Meeting convened earlier today to approve the disposal of Loansathome4u and authorise the Directors to take all such steps to implement the disposal, the Resolution was duly passed. Completion of the disposal is expected to take place on 4 August 2015.

I see other posters have identified the new PR team. The intention is to develop a more proactive approach. I think I remember hearing that September is planned as the launch of a series of actions intended to gear up on the PR front and also that an analyst visit should take place in October, by which time there should be plenty of action, given just how much was happening on site already.

The formal business of the AGM was quickly concluded. Neither XGC nor Trafigura directors were present. Although both Liberty and Orion had nominated, their directors would not join the board until completion of the new non-exec recruitment process. Visits/interviews of candidates will take place tomorrow (Thursday). Once non-execs are selected, all new directors will join. In this way, the independent voice on the board will remain in numerical balance to the major, institutional partners. Overall, AL confirmed that achievement of both Ph 1 and Ph 2 production remained on course. However, it was obvious from a comprehensive tour of the plant immediately following the meeting that the 265 EMED staff and 500 specialists from more than 40 contractors working in shifts 24hours a day are making much more progress than the bare reports are able to portray. Comment: although January 2016 has been mentioned as the target date for production, given the substantially complete commissioning that I saw today, I would be surprised if EMED did not succeed in beating that deadline. The sense of purpose, urgency and enthusiasm is palpable. The front end crushing is working. 100t lorry loads were being ground in 2-3 minutes. The Ph1 line is fully commissioned, water only. The next step is to introduce ore from the rapidly mounting stockpile. There was no announcement about reserves etc although EMED have received the completed, independent report. The delay now is because the Toronto listing rules would require a declaration not just of the data but, under certain legal conditions, a full statement of all Ph 2 capital and operating costs. TSX rules require a qualifying resource statement to be followed by this subsequent, detailed report within 45 days. This is not required under AIM rules. EMED are waiting for legal advice on just what is required under TSX rules. The meeting heard that, given the potential need for such a detailed report and with Ph 2 capex and opex still not completely set in stone, the board don't want to start a 45 day clock ticking if they are not in a position to report on time and accurately. The board have decided on a new name and (I think) have registered it. An EGM is required to approve it. I had the impression that this would not be long coming. The exploration programme continues. The resource upgrade takes into account all data collected till May. There was little understanding of how GS could possibly support their bearish assertions on Cu prices. The Rumbo rep asked for details of the off take agreements. I think my notes say that only 20% of the agreements provide for any kind of discount to the market price. Off take totals are: 20% Traf; 50% XGC; 30% Orion. The market terms also assume costs based on shipping to China, but concentrate may be shipped closer to home. If China is not the destination, the difference in costs will represent savings (not sure how). I see other posters have identified the ne

Gold/silver & copper hit overnight but recovering. Leading towards a major reversal in commodities this autumn perhaps. Understandable excitement in EMED ahead of AGM & further progress news

Apparently Zak Mir comments on the EMED chart & others today.

3 minute Alberto interview out. Click on EMED Media above.

That is not correct. Jose Nicolas Sierra Lopez is a current Non Executive Director and not associated with Traf. You can access his excellent CV on the Co. web site. The new to be director, being the representative on the Board for Traf. apparently owns 4m shares and is called Jesus.

MIDAS SHARE TIPS: Profits to surge as Indian generator OPG Power Ventures targets industry By Joanne Hart, Financial Mail on Sunday Published: 22:03, 20 June 2015 | Updated: 22:03, 20 June 2015 London-listed Indian companies have delivered a mixed stock market performance and some UK investors have been badly burned. However, OPG Power Ventures should prove a more worthwhile investment. Its business is based in India but it is focused on a lucrative part of the energy market and dedicated to generating strong returns for shareholders. At 102½p, the stock should produce decent returns over the next few years. India desperately needs more electricity. Demand is growing and state-owned energy companies cannot keep up. There are routine power cuts, hitting businesses and consumers daily. Over the past decade the Indian government has introduced a number of initiatives to improve the situation. In particular, it has invited the private sector to participate in the market. OPG founder Arvind Gupta realised this was an opportunity not to be missed. Having spent his early career managing various divisions of OPG Enterprises, the family business, he established OPG Power Ventures as an independent firm in 2000 and listed it on AIM eight years later. Most of that time has been spent building coal-fired power plants, initially in Tamil Nadu in the south, where Gupta has a strong network of contacts, and latterly in Gujarat in the north-east of the country. Planning permission has taken time and there have been construction delays, but this month the company revealed that it had completed plants in both regions with a total of 750 megawatts of capacity. That would be enough to power more than half a million homes in the UK and many more than that in India, but OPG has chosen not to supply the domestic market. Instead, it is focusing exclusively on commercial and industrial customers because they have to pay more for electricity in India than consumers. OPG supplies most customers directly and makes sure it charges slightly less than they would pay to state-owned rivals. India’s need for electricity is so acute that OPG is allowed to undercut state-owned operators because it eases demand and still accounts for only a fraction of companies’ national or regional needs. Some of its electricity is even sold directly to state-owned distributors, such as the Tamil Nadu Generation and Distribution Company. The group has also differentiated itself from rivals by installing sophisticated boilers at its power plants that are capable of generating electricity from local or imported coal. This matters because local coal releases less energy than imported coal and its supply is unreliable. Gupta’s approach seems to be working. OPG this month unveiled a 21 per cent rise in pre-tax profits to £21.65million for the year to March 31 and said it hoped to start paying dividends relatively soon. Analysts expect profi

Will be sold at General Market price & is presumably linked to current reserves not future reserves which are expected to be 2,.4 times greater. Alberto said there would be "fairness" in the offer and he has honoured his word with the Open Offer entitlement. To go beyond 2% would no doubt have required a full, highly costly and time consuming prospectus. DYOR.

If you don't like this investment why are you holding on? The Astor situation is very unlikely to go to litigation. As we know he will be receiving income and the debt has been deferred not written off. It is still shown as a Contingent Liability. By not triggering it now it is good for EMED as we focus on investing the cash we raise on production. Astor will no doubt accept revised repayment terms.

As has been pointed out many times a bank loan would classify as Senior Debt & trigger the Astor euro 53m repayment. As it is, this is deferred and for now becomes a Contingent Liability. The finance package is a major milestone given us gteed funds to commence production over the next 6 months. Look at our Market Cap & compare that the the revenue to be generated & then ask yourself if this is a good deal for shareholders. Of course it is. We are just scratching the surface. Very shortly we will find out the results of 17,000 metres of infill drilling and get a better insight into the grades for production. The new exploration Mgr must be in heaven. He is let lose on deep drilling in high deposit areas which have not been looked at for 20 years. If anyone doesn't think an entitlement to shares at 4.75p isn't good value then clearly they are somehow missing the reality. GLA

My money is on finance by end of May - that is during the next two business days! Kettle coming to the boil in more ways than one, even though you wouldn't know from looking at the trading or SP.

No need to fret. EMED have informed the market that cash is not a problem, something they would be required to do by the AIM rules. As has been reported before, this further minor delay is simply due to completing the paperwork. As others have rightly identified having lawyers across the globe makes it a time consuming and frustrating process, but it amounts to nothing more than that. Forget all these conspiracy theories, they are not based on any substance. The news we all hunger for is not far away. Don't lose your nerve at this late stage due to misinformed negative posters. The transformation of EMED over the next 6/12 months is going to make EMED a star of AIM imo.

Bidbaddaz: Great post. Can you say what is the source? Thanks