RE: Perking up14 May 2025 22:37
PdG on ADVFN earlier today:
"14/5/2025
14:07donald pond: I know everyone is frustrated by the lack of news. However, I can confirm that no board or advisory board fees have been paid for the last 6 months as the focus is 100% on getting the funding needed to get Empire into production. This is not a lifestyle company: the aim is the same as it was when Roger Turner first alighted on the project: to build a profitable mine that makes money for the shareholders.
There is no guarantee on funding. However, discussions are continuing with a number of positive prospects.
The Trump visit to Saudi has unlocked a huge commitment from the Kingdom to invest in the US, and Empire is a project that would tick all of the boxes. That is not to ramp or to say that Saudi money has been secured, just that there will be money looking to invest in the sort of project we have.
Obviously there is nothing material in the above: we are doing what we have said for months. Reducing costs as much as possible, focusing our efforts on getting the funding needed. The results are nearly done, but it will be a few weeks for the professionals to review and sign off, and we are aiming for an AGM by the end of June."