Member Info for 28jaczar01

Looks like the Bolivia ramping in recent weeks which led to a small rise in the SP has saved the BODs bacon here….

Placing price at 0.25p matches the face value of CLON shares and so it was the lowest value they could go down to without requiring to call for shareholders meeting/approval etc.

A lower price would have required BOD to go through the process of properly detailing their strategy for needing this funding to support getting the required approval votes rather than the vague info given in the RNS.

Would of been uncomfortable for them having to explain themselves and to have the risk of non approval in the voting and the gravy train running dry.

Excellent news, they heard you loud and clear Manlord…….They will likely be issuing another RNS on 4th May to publish to the market the related key news (e.g. power point slides and latest developments) to be presented. This should keep the good trading momentum going leading up to the presentation.

https://polaris.brighterir.com/public/georgian_mining_corporation/news/news_rns/story/rg8oqvw

Those 2 x 300 k buys is circa 1% of total shares……someone bagged a real bargain with the balls to be buying big when there is maximum short term fear.

Serabi currently priced like a junior explorer, with practically no value being given to all the great production / development assets that they have in Brazil a tier 1 mining focused country….crazy!!

I was thinking 3p…..;-)

Just gone 2.45/2.60

Is it Groundhog Day again…….lovely 500k buy to kick the morning off.

And the pattern continues this morning…..buys showing as sells……but they have already upped the ask value (45 to 46) so that flags the true trading situation.

@silenced……..childish comment and done via resurrecting a de-ramping thread taken from back in March where the related subject was already satisfactorily resolved tells us all we need to know about the purpose of your presence here. Run along now.

The 15,000 @ 44p U/T trade at close of play today was my buy. It is definitely not the 1 way traffic of selling that MMs would want you to believe. Seems to be a push by them to try to get weak holders to sell up on the cheap in recent days.

It’s settlement day for May 2022 CME gold options tomorrow (26th April) and so I won’t be surprised to see gold price begin to rise again towards its ATH after that related manipulation closes.

The SP tide can quickly turn here with Serabi with its nice tight share structure.

Still seems to be cheap as chips at sub 10 MIllion mcap with their safe jurisdiction Aussie assets (high grade gold / decent intercept lengths / shallow depth) + plenty of cash available for continued exploration….Lovely high volume again today including trades showing up on Aquis exchange.

….and long may it continue !

(The missing last few words from my message)

is a very important ingredient towards a stock’s positive share price momentum/sentiment……

So I thought I would follow up from my post of last weekend to spend some time this weekend to review Empire’s recent trading volume data and summarise the key details I see as follows:-

1. EEE has 342,323,618 total shares currently issued (btw, that’s a pretty nice tight total share count compared to many other explorers who have share counts into the billions) and they trade on both the AIM & the “under the radar”AQUIS exchanges.

2. The weekly trading volume in the last 5 weeks (takes us back to 1 week prior to the Gindalbie drill results RNS (issued on 30th March) as shown on the AIM exchange were as follows:-

- 19/4 to 22/4 (only 4 days due to BH) = 27,834,182 shares traded (8.13% of total issued shares).
- 11/4 to 14/4 (only 4 days due to BH) = 25,907,052 shares traded (7.57% of total issued shares).
- 4/4 to 8/4 = 11,051,607 shares traded (3.23% of total issued shares).
- 28/3 to 1/4 = 57,742,334 shares traded (16.87% of total issued shares).
- 21/3 to 25/3 = 1,696,248 shares traded (0.5% of total issued shares).

So WOW! in the last 4 weeks since the Gindalbie results we can see there has been 35.8% of the total issued shares traded (AIM) and prior to this in a 4 week period we would typically of seen only 1 to 2% of the total being traded. So the trading volume in the past 1 month has grown by in the order of 20 x the normal. That’s really very impressive considering we had Easter holiday.

3. Over and above the AIM exchange data we have also seen the MMs pushing plenty of trades onto the Aquis exchange notification which keeps the true total volume size of Empire under the radar from many investors who are not aware of this secondary exchange. For example in the past 4 day week (19/4 to 22/4) there were 3,806,948 shares showing as traded on Aquis which represents a further 1.11% of total issued shares.

4. Looking specifically at volume on the recent RNS issue days, we can see that the Gindalbie RNS led to the highest trading day (AIM) of 44,395,427. Interestingly the news (6th April) of the three new Cu-Au Projects only led to 4,265,196 traded but when the Pitffeld acquisition was confirmed (13th April) it led to 16,716,770 traded. News of the MD options (20th April) only led to 2,346,077 traded.

5. The completion of the Pitfield acquisition led to 5,611,863 new shares being issued to the previous owners for which RNS advised were on the market on or around 21st April. With a total of 24,371,357 shares traded on 21/4 + 22/4 I believe these Pitfield shares have already now been sold off (I noticed a number of 500,000 sells which were likely these being processed) and was probably what stopped the SP going to 2.5p+ last week. This brief overhang is likely clear now & so the SP rise can continue next week, particularly if further positive news lands.

So in conclusion we got major justified growth in trading volume and lo

Thanks Manlord. It’s such efforts by LTHs here that can really make the difference.

Still to get out of the winter season at Mineral county, Nevada going by todays weather report. Cold (sub zero) with 40% chance of snow…..

https://www.localconditions.com/weather-mineral-county-nevada/nv125/

EEE ongoing re-rate is fully justified…..simply compare their recent bonanza grade drill results which had several good length intercepts and we’re found at shallow depth with those reported by ECR today (One very short length intercept of bonanza grade down at 136m depth and the rest they found is very short length intercepts/low grade).

The ECR mcap currently at double the EEE mcap…..go figure….LOL.

Size of CEO’s feet is bigger than the length of that intercept…..

Interesting news. UAE doing treasury bonds in their local Dirham currency. ……Could this be an early sign that they are considering a future where the Dirham is no longer pegged to the US dollar? Would other GCC countries, particularly Saudi Arabia whose relations with USA are currently reported to be “strained”go down the same de-pegging path? (UAE often takes the lead in GCC that the other members subsequently follow).

Potentially significant consequences for the future performance of the US Dollar if it were to happen.

https://www.thenationalnews.com/business/economy/2022/04/20/uae-launches-dirham-treasury-bonds-with-an-issuance-size-of-dh15bn/

https://twitter.com/argoblockchain

Few noteworthy observations:-

- Counted 24 pallets of 3 x 3 x 5 = 1080 miners showing at 21 secs.

- Final preparations for powering up of the sub-station is mentioned at 1 min 7 secs.

@nookie….your wish has come true….2 million buy at 2.027p timed at 16.38. Bodes well.

The Munni Munni transaction did not complete due to some legal dispute that Artemis faced with another party. Ultimately Empire walked away as is mentioned in this RNS.

https://www.lse.co.uk/rns/EEE/corporate-update-drilling-update-board-changes-77dj336nagmier7.html

Empire focus is on gold with copper recently added. Wise commodity choices for todays world!

@nookie…..I guess you are referring to “what a f**king liberty”.

Seems a strange un-reasoned comment to make. I have an entirely different view outlined as follows:-

1. Shaun Bunn (MD) has already been at Empire almost 1 year overseeing the Company and this is his first options award. Many other Companies are observed to issue such options immediately upon commencement of employment for leadership.

2. The options award timing could have been done cynically a few months ago when SP was down at its lows (circa. 1p) in order to set significantly lower exercise prices. But instead Empire has waited until after key cornerstones of their new Australia focused business strategy have been rolled out and the SP has gained some recent strength (circa 1.7p).

3. The exercise prices at 2.5p, 3.5p and 5p are set at circa +50%, +100% and +200% above current SP (circa 1.7p). This makes the MD very aligned to shareholders in wanting to have SP growth such that these options become worth exercising. Many other Companies issue options that exercise at current SP or even lower.

4. The other 20 million options (un-exercised) were awarded to BOD back on 01/02/2021. The SP at that time was circa 3.7p and the exercise prices were 4p and 5.5p, hence which were set at only circa 10% and 50% above.

So in conclusion the options awarded to Shaun seem IMO to be very fair and both him and the BOD are strongly incentivised to progress Empire towards being at a share price that is many multiples of where it stands today.