dave297
09 Oct 2015
CU If the industry & insider view of the CU market is that we have seen the low point in its price, which is now expected to steadily improve, surely they would be now looking to invest in the shares of pure CU plays,like Emed (with a bit of gold thrown into the tailings for good luck).As we breach 4p is our low point behind us too?
dave297
09 Oct 2015
Re: Slightly off topic amur Most of we long termers have "topped up" several times over the years,I most recently in the placing.If the price of CU does recover strongly in the next year or so ( which many analysts believe) & we announce (at last) that our grades & potential resources are expected to increase, 3.75p(112.50p) may well seem to have been a bargain (with the benefit of hindsight)-& history could prove that now is exactly the right time to buy more.I w,however,will hold off for now, & if Ace is right,( &we reach 50p(1500p) I will be very happy & look forward to the extremely long awaited Emed success party.Have great weekends all !
Ace08
08 Oct 2015
Re: Slightly off topic amur Similarities will probably be it will take Amur 7 years to get to production stage alsoI would leave that Pump and Dump alone for a few moons
investorprotestor
08 Oct 2015
Slightly off topic amur What similarities can anyone see with Amur and EMED?l Looks to me that they could have a rights issue and drift down to 3p it might be worth buying them in a year or so. After watching the EMED video I was surely tempted to top up for the 10th and very final time. This might be the perfect time to buy EMED, at leat I might buy a little just to make the total divisible by 3. 
Ace08
08 Oct 2015
Re: CEO update on stocktube I will answer it anyway SP will be better than October 2015 when they produce commercially , Ok maybe my made up SP figures over the years were rather optimistic so it seems in facts re 3p 2015 a few months before so called lift off
Ace08
08 Oct 2015
Re: CEO update on stocktube
investorprotestor
08 Oct 2015
Re: CEO update on stocktube Thanks v much for posting the presentation - Did anyone do the maths on the figures in the presentation to get a rough SP calculation 2 years out? ACE - you are not allowed to answer (as I know your answer already) - 
Also I was very happy to see higher grades mentioned and also silver of good grades, (rather than just by-product).
Small Holding
08 Oct 2015
3D Rio Tinto model helps find copper [link] 3D reconstruction will allow Rio Tinto mine site search hidden reserves of copper Researchers at the University of Oviedo have made a three-dimensional geological reconstruction of the mining site of Rio Tinto that will facilitate the search for new copper reserves in the area. The study, just published in the journal Ore Geology Reviews, was conducted by the research group and Mineral Resources of the Asturian institution, in collaboration with Tartesus Emed, the company that manages the operation and University Southampton, UK. A 3D reconstruction will allow the mining site of Rio Tinto find hidden reserves of copper enlarge Geological 3D reconstruction was made possible after a review of the records that are kept in more than 5,000 surveys that were carried out by different companies exploded mines until the early 90s Researchers have finally selected over 3,000 quality for this three-dimensional map of the site. Agustin Martin-Izard, professor of Geology at the University of Oviedo, notes that this 3D structural model has identified the position of the main channels through which the mineralizadoras amounted solutions that gave rise to huge mineral deposit. Rio Tinto, which contained in its beginnings more than 1,500 million tons of copper ore, is the largest accumulation of sulphides Earth. Both conditions make it one of the largest deposits in the world. The three-dimensional reconstruction were allowed to recognize how the processes that generated the mines and geological evolution. Practical applications The work also has important practical applications. The design of a three-dimensional model can be used to search for new reserves, the location of exploration drilling and prospecting for hidden deposits that might exist in the complex geological structure of Rio Tinto. Martin-Izard also says that this 3D model can be extrapolated to other deposits of this mining district, called the Iberian Pyrite Belt. The research is the result of close collaborative activities and is twofold. On the one hand, contribute to scientific knowledge of the massive sulphide deposits of the Pyrite Belt. And, secondly, supporting the operator in the reopening of the Rio Tinto mining. Martin-Izard stresses that this dual purpose, answer is given to one of the obligations of the university community: the transfer of knowledge to society. The researcher points out that Spain has always been a traditional mining country and stresses that, in recent years, we are witnessing a resurgence of metal holdings with the reopening of old fields and the commissioning of new ones. Martin-Izard concludes that the rational development of metal mining in Spain will serve to further support the training of new generations of geologists, mining engineers and metallurgists and turn them into "forefront of research and exploitation of nonmetallic minerals in Spain and Europe.
SinginTheBlues
08 Oct 2015
More reading while the paint dries Some more encouragement for when the mine is working at full capacity...[link] and hold!STB
Small Holding
08 Oct 2015
Re: CEO update on stocktube Mars_2050Well spotted, very informativeWe know Alberto likes to be cautious with timelines and then over deliver, so it was good to hear everything is on track.He said we will be cash positive before the year end, so expect it sooner. He thinks EMED is still viewed by the markets as an explorer rather than a producer, so lets hope he has some good news to announce at the time of the name change/share consolidation.Market price concentrate would do.With regards to the copper price , bearing in mind his usual caution, he couldn't be much more bullish.
Small Holding
08 Oct 2015
ICSG predicts copper deficit in 2016 [link] outlook may be rosier than you thought: Andy Home(The opinions expressed here are those of the author, a columnist for Reuters.)Andy HomeOct 7 (Reuters) - German copper producer Aurubis has just rung the bell on the start of the "mating season", the annual negotiation of term contracts for shipments in the following year.It has announced it will be reducing its copper cathode premium from $110 per tonne over LME cash metal this year to $92 next year.Aurubis' preemptive move will raise expectations of a similar-sized reduction in the annual premium from Chile's Codelco, the world's largest producer. Its European premium has been higher than that of Aurubis in both 2014 and 2015 at $112 per tonne.The case for cutting copper premiums seems obvious.Everyone's worried about the state of demand, particularly in China, which accounts for around 45 percent of global copper usage. The price itself looks wobbly. Currently trading around $5,250 per tonne, basis LME three-month metal, it is already down by around 16 percent so far this year with plenty of bears calling for lower prices still.But copper has a habit of confounding the consensus view and Aurubis may have wished it had stayed its hand until it saw the latest forecasts from the International Copper Study Group (ICSG).The group has slashed its April forecast for a 364,000-tonne surplus this year to just 41,000 tonnes. And rather than expecting another 228,000-tonne surplus next year, it is now projecting a 127,000-tonne supply deficit.ALL CHANGESo what's changed since the ICSG last met in April?Well, pretty much everything, it seems. Or as the group puts it, "the revisions reflect substantial changes in market conditions since April 2015."The slowdown in China is folded into a major downwards revision of the ICSG's estimate of global demand this year from growth of 0.6 percent to a 1.2-percent contraction."Apparent usage" is expected to be flat in China. "Apparent usage" is a calculation based on Chinese production, changes in visible stocks and net imports.Real usage is a different thing altogether and one that is extremely hard to calculate. But the ICSG notes that "underlying 'real' demand growth in China is estimated by others at around 3-4 percent", down from a figure of 4.5-5.0 percent used back in April.The implication is that the gap between "apparent" and real usage will be filled by drawdowns of non-reported stocks, such as those in bonded warehouses in port cities such as Shanghai.As for next year the ICSG has trimmed only very marginally its assessment of global usage, including "apparent usage" in China, to 3.0 percent from 3.1 percent in April.SUPPLY CRASHQuite evidently, if the ICSG has reduced its 2015 surplus forecast and its usage forecast, something big must have changed on the supply side of the equation.And it has. But not, maybe, in the obvious way.The group has cut its growth forecast for mined production this year to just 1.2 percent from its April forecast of 4.4 percent and for next year to 4.2 percent from 5.1 percent.So far, so uncontroversial.Copper mine supply has been something of a car crash this year.Major producers such as BHP Billiton and Rio Tinto came out with significant reductions in production guidance at the start of the year.Since then there has been a long, long list of unforeseen supply hits ranging from labour unrest in Chile, through bad weather just about everywhere and chronic power shortages in key African producing countries such as Zambia and the Democratic Republic of Congo (DRC).More significantly for refined metal market balance, though, is the cut the ICSG has made to its refined metal production forecast. This is now expected to grow by just 0.8 percent this year, compared with 7.0 percent last year and an April forecas
Mars_2050
07 Oct 2015
CEO update on stocktube Last week's Capital Mining conference:[link] minutes long. Brief exploration update at 12:35m but the questions at the end provided lots of info you've probably not heard before (from 20:15m).
Saint_B
07 Oct 2015
EGM I too had to contact my broker to ask what was happening. They then gave me instructions as to how to vote but I am not sure they would have prompted me had I not asked.Truth is, if all PI`s voted against it would not affect the outcome, would it?. Nonetheless, I think we have been treated in a rather cavalier fashion as we are entitled to have our say.
Frogboy
07 Oct 2015
Re: EGM Vote to be expected from ths Mickey Mouse outfit
Small Holding
07 Oct 2015
EGM Vote I don't know if everyone else got the opportunity to vote but I received nothing via III. Only when I contacted them to ask why I hadn't received a corporate action notification was I given the opportunity to cast my vote.
