Member Info for borrowfundsfrommummy

Gaining attention on twitter. Many can see the attraction here with cash balance/MCAP and recent news. Won’t be long before it starts to move back to 2p zone

Here, our #EEE Managing Director Shaun Bunn catches up with
@CruxInvestor


As announced, we are now assessing the potential for an open pit operation at the old Eclipse shaft, whilst seeking further extensions to the resources.

Have a listen below ??

https://m.youtube.com/watch?v=eGhzbfW6Qao&feature=youtu.be
Interesting

Some nice buys early doors. Think a lot of people seeing this is reduced SP after placement at 2p. If seller finished then should have no problems returning back to the 2p area

Will be suspended soon imo. Finished

Not sure the trades agree with your view sj74. Clearly SP has been suppressed since placement and now with 4 projects and discoveries this week then SP might just return to a sensible level. Especially when you compare EEE to some other piles of confetti issuing donkey turds out there. Gold/copper/zinc on Australia not Africa, 427 million shares not 427 billion shares and £3 million cash to MCAP of 5 million with 1700 acres of exploration land up from 10 square acres. To me EEE vastly undervalued but I also do get the point you are making just don’t think SP reflecting what we have discovered and the potential

Eee seller gone. Beginning to motor upwards fast now

1.28p paid !! Momentum run beginning

Very interesting share chat with Shaun Budd on Zak Mir. Mainly how 10 acres of exploration land gone to 1700 acres. £3 million in cash. MCAP of £5million. Market not understanding the value of assets they have. Can’t post link but easy to find.

Going to pop in a minute. Large number of trades coming through. 1.25 now but should get to 1.30 soon enough

Nice to see the million trades going through. Wonder if someone is accumulating

Drill ready targets Eclipse project, Pitfield looking to drill next couple of months. Now looking at Walton project . Gold and Zinc…think not as shabby as some making out here

1.20p now. Some big buys gone through. Seems interview gained some interest

Nice jump up in the SP

Nearly bought some AO the other day. Should go with intuition for a quick trade. However again, company is only so low due to issues and current climate. Not everything can dead cat bounce. Sometimes they just turn off the life machine.. risk v reward and play it safe

Looks like Maher Mining will be the eclipse job partner…or gain a % on the gold production

at the end of the Extended Period, further exploration and mining studies are required to complete a Pre-Feasibility Study then Empire has the option to extend the Extended Period by up to 12 months, subject to paying Maher Mining the amount of A$250,000.

Ø If Empire elects to commence mining operations and subject to all statutory approvals being met, then Empire will:

· pay Maher Mining the amount of A$500,000 within ninety (90) days of the granting of a mining permit;

· grant Maher Mining a 2% net smelter royalty on all gold and other commodities produced;

· guarantee to pay Maher Mining an additional 2% NSR for any gold production sold between A$2,400/oz and A$2,799/oz, increasing to 3% NSR for any gold production sold at A$2,800/oz or above; and

· guarantee to spend not less than A$250,000 on exploration per annum on the Granted Area over the subsequent four (4) years;

in consideration for the rights to all ores mined during the granted term of the mining licence, due to expire 3 November 2034.

Answers my own question
26th January RNS
Ø If, within the Extended Period, an economically mineable resource is established, as determined by a Pre-Feasibility Study (as that term is defined in the JORC Code 2012), then Empire may elect to mine the relevant part or parts of the Granted Area upon the terms and conditions set out in the Tribute Agreement.

It was more references to the fact empire metals are an exploration comport are they looking to go into the mining side that intrigues me. Certainly getting the various drills sorted into nice packages and would be interesting to see if drilling is done as a job or if they take the role on themselves

The part here explore, develop and mine really interesting. As to me that reads we are going the whole package on mashers mining lease??? Are we destined to become a miner as well as an exploration company or sell it off as a whole package ?

In February of this year, Empire entered into a Tribute Agreement that gives Empire the exclusive right to explore, develop and mine within a granted area on Maher Mining's 100% owned mining lease M27/158, which sits adjacent to the eastern border of the Eclipse licence area and extends the current area for exploration targets by over 200% to a total of 943ha. The "granted" area covers 643ha of highly prospective ground containing historic gold mines located along a series of northwest-southeast striking mineralised trends. The main trend containing the Company's Eclipse and Jack's Dream deposits aligns with several of the old workings to the southeast including the Golden Puzzle, Laurel and Bulletin mines. Other, sub-parallel north-west - south-east striking trends have been identified which include the Homeward Bound and South Gippsland #3 mines.

Manlord, totally agree hence added 1 million of these to my ISA this week. Day before the last RNS.. it was not insider trading just an order fill on a quiet volume day. Sell off was a suprise but the shares in issue, MCAP, drill location and historic data was too much to resist for what I feel might be a multi bag situation. Bought in at 1.15p so slightly down but with each red dot that appears my optimism grows. See you at 10p exit point