Member Info for AG1989

Then well done to them, but still long term, imo they're missing out on a lot more! But how investors choose to make their money is up to them

It's more to do with the constant bashing of the company lately which doesn't sit well with me. This 15-20% rise won't fix everything but it brings a little confidence back and hopefully the start of a good run and news which is due.

Correct Angoose. Some very interesting comments the last couple of weeks.

Very nice surprise looking at the chart today

Wouldn’t be selling regardless but it could carry on into 3p no problem.

Hopefully an RNS is brewing

The more this goes on, I'm convinced we'll get a more substantional RNS. Assays for Hole 1 recieved not far off a month ago and if MIDAS has been non stop. I'd be surprised if the cores from hole 2 and maybe 3 have not been sent off to the labs by now.

From the 22nd February RNS it states MAP 078 has recovered a thinner breccia package. Is this code to suggest they’re not expecting brilliant results from this hole ? Not necessarily only time will tell but this was 5 weeks back, results really can’t be that far off.

Visual indications are useful to a certain degree but I’m trying not to make too much of it. MAP 075 was reported to have 100m mineralisation and returned 37m@0.72 g/t

Best to let the RNS do all the talking. But with the 4th rig due to be mobilised, I’m hoping for at least another 3-4 holes being reported next.

Have their been any director dealings announced ? Wondering if the appointment announced today, whether they’ll be loading up before this takes off

Made some nice top ups recently, willing to make more more if it falls further.

Just hoping investors are thinking “big picture”. The likelihood is that this week the market will recieve assays from Hole 1. So around 100m or so which probably won’t all be mineralised. Just get it into perspective that this is only the start, whatever is announced, with regular assays to follow and a huge news flow from Senegal for the rest of the year

I’m interested to see any potential depths of Gold hit. Let’s see if we can put a vertical value on the rock chip and trench sampling at surface.

Any kind of hit and it really sets the project up very well. If not, TL has alluded to “tweaking” the campaign slightly and adjust as they go on.

Oriole has the potential to be a major player in years to come. Keep up that support.

Deal imminent or nobody knows ?

You’d think they’d hit nothing but dust. 21m@6/t and it loses over 50% of its market cap within weeks. Staggering but that’s the AIm for you, or investing in general. Too many rainbow chases.

Extremely optimistic here, 4th drill rig to be mobilised and exploration accelerated. They’ve dropped the bid to 18p. Don’t get caught out. The sentiment in the market has shifted away from Gold but it’s still a buyers market for me.
OMI 18p
GGP 18p
ECR 2.5p
EEE 2.5p

Absolutely no cross ramp intended at all. Point being, I’ve managed to average down significantly on all 4 shares and happy to ride the multiple waves to reap the rewards down the line.

My ISA has a £20,000 per year deposit limit and resets April I think ?

Freetrade do 0 commission. It's brilliant for long term investing but the price on freetrade is delayed by 15 minutes. always check on LSE or elsewhere what the Live "Ask" price is before executing your order but I never have issues accumulating for 0% permission

Great post BH. Without knowing specific numbers right now, it’s mindful to note eclipse isn’t a huge deposit and like you say, it doesn’t have to be. Work it right, we’re on a quick path to revenue and I have every confidence, an open pit system is the direction Empire will be taking and beginning this year at some point.

MS thinks anything above 1g/t can be very profitable, with a lot of mineralisation at shallow depths.

"14m @ 3.78 g/t gold ('Au') from 22m, including 1m @ 21.4 g/t Au, and 1m @ 16.65 g/t Au" - are very good values to work with for an open pit operation.

https://twitter.com/Empiremetalsltd/status/1371721014137217027

If Eclipse was one of these 5-10 KM strikes or projects, you'd like them to cover a whole lot more but you can clearly see from the link above how concentrated the drilling campaign has been in a narrow area "200 metres" long. With Jack's dream 100-150m NW, I'm more than satisfied so far with what EEE have proven up and will continue to do with the additional 1,700m. It's really not a big project but can be extremely possible, hence why I'd really like to see empire advance with it

Very similar and both have the ability to move as much as the other. Very exciting times.

sold the lot***

So you bought £2600 worth yesterday and the lot today??

JTB, I've been topping up throughout, EEE and ECR being the largest of my top ups. But definitely agree.

"iamgoldbuyer" - the ongoing and current exploration programme (1,700m planned in and around Jack's dream) is fully funded. And diamond drill rigging to test at depth. But beyond that, it hasn't been mentioned.

Yeah RRR and POW do seem to have a lot of licenses, but yeah like you say it's important put forward a future drilling campaign programme

The difference with ECR, if accepted, your looking at extending the current licenses they have in the Creswick and Bailleston areas respectively. With work planned and ongoing on both in 2021, ECR would indeed extract a lot of value out of each application. But I'm sure RRR will be shouting the same. Even if "EL006713" & "EL006907" are accepted, i believe this will be enough to get the JV signed and away. The application around the Ballarat mine would be a lovely bonus however

All depends on what kind of price you could get for it ? I have high hopes for Eclipse. It's never claimed to be a Havieron, an Anza or a multi million ounce deposit. It's a small scale, high grade deposit at relatively shallow grades.

There is clearly going to be a large cost attached to getting it to production. I'm hoping the £4million in sales is finally completed to help boost finances. With recent talk about Toll milling slots and open pit optimisation, I'd be gutted if Empire never had a crack at this and took it on. Could turn out to be a very attarctive mine for the company and potential new investors

New projects are always a bonus but then you have to account for all the licensing timeframes and permits before you even stick a drill in the ground. Then how far can we take that before we have to flip it on again?

Who knows and I'm hoping MS will make it a whole lot clearer soon. Announce a new CEO, a potential JORC and extension assays from Jacks Dream and hope an increase in SP arrives. Maybe a later date, they'll have to come cap in hand fund raising for more capital, but at a more substantial price than 2.5p a share. The Ore can be processed off site but the financials involved in creating this open pit mine still need to be carefully considered