new share placement 25m at 0.05, page-2

will this dog ever move emm, came out with a promising announcment. which is as follows

The Board is pleased to announce that an agreement has been reached between Electrometals Technologies Limited
(ETL), De Nora Elettrodi S.p.A and KGHM Polska Miedz S.A. (KGHM) for a major test programme using an EMEW®
plating plant, to recover copper metal from a bleed stream in a KGHM copper refinery in Poland. This test programme
will be conducted with a 30 cell EMEW® electrowinning plant, funded and manufactured by DNE, as a special
arrangement to introduce EMEW® to KGHM. DNE will rent the plant to KGHM for up to four months.

Upon completion of the test, KGHM has an option to buy this plant, or to buy a larger EMEW® plant, capable of
producing 8 tonnes per day of copper or to not proceed with EMEW®. In the event that a commercial scale plant sale is
achieved, ETL will participate commercially in the sale.

KGHM is the largest copper producer in Europe, vertically integrated from mining to refining and rod and wire
manufacture. Their copper production in 2003 was 530,000 tonnes, making KGHM the world's 7thlargest copper producer. KGHM is also a major silver producer, with production of 43.7 million ozs, in 2003.

Mr Dick Keevers, Chairman of ETL, said "We are very pleased to have the opportunity to introduce our EMEW®
technology to KGHM, one of the world's major copper producers, made possible by DNE's commitment to fund the
supply of the 30 cell test plant, further evidence of the growing alliance between EMT and DNE"

Mr Renato Gazzaniga, Managing Director of DNE, Milan, said "I see this as an excellent opportunity to introduce
EMEW® to KGHM, as a potential important reference site for EMEW® in Europe. We are very pleased to give
financial support to this test installation, which will be the first EMEW® plant manufactured by DNE".


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the big question is whether this is just another report, where some company will test the product, then finally decide against the use. this might be the last chance for emm. in the past, a lot of companies seem to be interested, but then for whatever reason, they do not proceed. mind you, they have made some sales, so it cannot be all that bad

happy punting to those that hold, but i am down heaps on this dog