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What does this mean for discount to the sp?

Are we way below spot price ?

Trump also has the "big phqrma" companies in his sights, to lower prescription drugs costs and someone please remind me, what percentage of GSK's revenue comes from the US market?

Hmmm, perhaps not

Interesting slode deck, nice to see SB getting the Pitfield story out and about within the industry.

Also Interesting to see that retail ( private investors) make up 49.3% of the share float

If we look at a "similar" event (GSK - China Scandal 2014)

In September 2014, following a trial in Changsha, GSK issued a public apology to the Chinese populace and agreed to pay one of the largest fines in Chinese history, totalling ¥3 billion (£300 million; €350 million; $490 million)

This event wiped around 33% off the share price over a short period (May 2013 sp Peak 1238p and in the immediate aftermath, fell to around 890p

Over a more prolonged spell (12 months later) the GSK price ultimately bottoming as low as 38% (832p) from its May 2013 peak in Dec 2015

So, if we take the short term figure (33%) and apply this to the AZ peak of £132.74 we get to £88.93...which also is close to a 38.2% Fib Retrace Target on the Monthly chart of the entire move from 2013. As no one will know the potential impact of any of these allegations on the SP, at least this prediction has a basis in previous precedent and some straw clutching TA. :)

I will be watching with interest.

GL all

Possibly due to a general tale of woe and the metrics ( e.g. return in capital employed -ROCE) not improving

https://simplywall.st/stocks/gb/materials/lse-crda/croda-international-shares/news/returns-on-capital-signal-tricky-times-ahead-for-croda-inter-1

We have been here so many times over the last year.

I have been invested since 09 (pre strike) and with dividends if it gets to 150p I am even, but torn mentally, between get out with my shirt on my back (which at several points looks impossible) or hold for better times once more......I dare say many long term holders will be in the same boat and hence, strong hands, leading to spike?

All I know is, I once believed in a super giant oil find that should have been life transforming for not only GKP shareholders, but for the long suffering people of Iraq, needless to say it has not been an easy road and I don't think we have quite reached our destination quite yet.

GL all and let us hope for much better days ahead.

Big sharp drop at 15:49, perhaps to trigger any trailing stops? Certainly a lot of action for a "waste of time" to coin a phrase :)

GL ALL

Roll on the day when its 17.7 p to buy :) GL ALL

Its been a long, long while since we heard that infamous quote on here.....all the best of luck !

And there you have it in black and white in this morning's RNS, this with the chemistry and flow sheet understanding of how to process the minerals is when the value proposition will be fully known and a price for what we have can begin to be estimated.

A great RNS today with lots of details, onwards and upwards ! Good luck all.

JORC-compliant Mineral Resource Estimate

A Mineral Resource Estimate ("MRE") is a measure of a body of mineralisation that in such form, grade (or quality), and quantity that there are reasonable prospects for eventual economic extraction. Based upon an MRE an assessment of its potential economic value can be made. There are several key components that combined will allow the Company to complete an MRE, being:

· Geological and Geophysical Mapping: Required to establish the geological characteristics and anatomy of a deposit, such as its shape, rock types, stratigraphy and structure. Based on these characteristics, geologists can estimate the location, form, size and continuity of mineralised zones;

· Geostatistics: Statistical methods to analyse geological data and create models of the distribution of mineralization within a deposit. This method considers the spatial relationships between the different data points generated by drilling and surface sampling, and can be used to estimate the grade and tonnage of mineralisation; and

· Block Modelling: A method of dividing a deposit into a grid system of blocks and estimating the grade and tonnage of mineralization within each block. This method can consider multiple data sources, such as drilling data and geological maps, and can be used to create 3D models of the deposit.

Empire is well on its way to being able to provide a maiden MRE at Pitfield, having already conducted extensive geological and geophysical mapping that has been tested and refined by drilling and consequent drill sample analyses. Once the current drilling programme is complete the Company will have drilled over 100 RC holes for a total of around 15,000m as well as seven diamond core holes for a total of around 2,000m. The Development Plan provides for an additional 36,000m of RC and 2,000m of Diamond Core drilling commencing Q4 2024 which will provide the additional data needed to complete a JORC-compliant MRE.

From a technical perspective from the price action today, If you draw the Fibonacci retrace from:

Low point for Fibonacci 1.625p (29th Jun 2023)

High point for Fibonacci 13.4p (09th Jan 2024)

Today we hit the 200 day SMA moving average and also critically, we had confluence with the 61.8% Fibonacci retracement target figure of 6.53p (this is taken from the calculations and the two points detailed above.)

I now hope the price to move upwards in anticipation of RC drilling news.

We may see some hovering around this point, but I think we have had our retrace.

Good luck all.

Agree with every word of this post Mischief and I set my limit order last night which got filled this morning, more at 6.789p. If we go towards the breakout zone (6.3 to 6.5p) then my dry powder will be used to take full advantage. GL to all holders and let the team do their thing.

Agreed Surin, and watching it back I picked up on something which SB previously dismissed; in previous interviews, he stated that he wasn't interested in the whole, "find it, map it, for a JORC" but in yesterday's interview, he actually stated that the next drill campaign will "enable the statement of how much and what grade".

Subtle, but isn't this the "Hey look what we have" moment ? And its coming soon?

Don't get me wrong, I fully understand his 18 month timeline and proving the process with a viable process flow and drums of product to show the world, I am still bought into this timeline, but I found it interesting that SB said what he did yesterday.

I am still "loading up" I have a single digit average and will add more as we dip.

Interesting that some of the older presentations call out a 2 year time frame from delineation of resource to realising shareholder value...if Pitfield were on that timetable it would put some crystallisation event Q4 2024 to Q1 2025?

Thanks for the follow up Andii, yes, I agree, how much good and positive drill data do we actually need 😀

From the recent interviews, a JORC was not the main driver, more about demonstration of processes required to get the good stuff out, which we now kinda have (" soft rock" & 20% Ti) amenable to low cost , low temperature acid leaching?

But this process flow and demo plant isn't scheduled until Q1 2025 unless I have missed the timeline in the latest presentation?

Looking at the previous presentations a previous RC drilling campaign started and finished within 8 weeks ( Started March 2023 and reported May 2023) can we expect the next major readout in a similar time frame e.g. RC readout June 2024,?

Same here, another tranche at 8.87p will add more if further dip.

Read the posts directly below?

Currency devaluation is hitting profits....which translates into headwind for the share price

I guess this why it's best to scale in and out of positions as we retail guys are very unlikely to hit the troughs bang on. I had a mental next addition at 9.75p, so that gap would work for me .