Member Info for jaytee41

LOL.. His thank you note to me is 4k loss in one week. Now what should he get from me for xmas

You should check out #BLOE on Twitter. People are not happy at the way this has been handled.

3p placing mmm. Just think up until yesterday the SP was 3.3p, then moved quickly to 4p in the afternoon. Seems a bit dodgy to me but this is AIM. Anyway there is a lot of going on in the first phase, just hope they don't want more money for the second.

Anyone can apply, but it's generally the big fish that get them.

Placings like this are normally scooped up in hours rather than days and it's normally institutions that get the shares.

Bang goes any SP increase but can see why as to accelerate Operations

Apologies mate, I've not been checking all the posts and will read your transcript. Nothing wrong with re-highlighting some observations of course. Onwards and upwards

Only just saw the Jonathan Bedford interview and hasn't he got a CV a mile long. Great amount of info to be gleaned from that and cannot wait for the next Ops plan. Note that he thinks Block will become a major player in the region and that relationship with Schlumberger could well go beyond Georgia.

Well done Sea7 and thank you.

Are the pics on that site the same that BLOE have just released on Twitter ? Sorry but I cannot read bubble writing

sell 3.8 buy 4.3p.. Big spread at these prices.

Yes what does KTE stand for ? Would imagine its an area just like WR is West Rustavi !

The big boys have taken profits this week and that is why the SP is where it is. If this is their modus operandi then each time there is good news and the price goes up, then they will do this again and again. It's their shares so they can do what they want, but one would have thought that investing so many millions into a company that they would want to be part of the bigger picture.

Totally agree AJW, but I also think it's a generation or probably 2 generation issue. Everyone is questioning everything these days, rather than what I was told as a youngster - do as you're told. Older generation on the tv last night explaining that they did what they were told because they believed that Churchill etc were right - everyone obeyed. Same goes for the 1957 Asian flu pandemic H2N2 - People did what they were told. Sure there was over a million worldwide deaths but that is what pandemics do.

Imagine if BLM and ER were around in 1940-45 - they'd be shot for treason.

Nothing shocks me with Aim companies or Aim itself

Whilst the large holders keep selling then we don't have much chance of breaking the 5p mark. I'm not saying they should not sell, it's just that some people on here think the SP should be in double figures right now.

Good post Rusty and yes I agree with you re Alistair. On the last video earlier this week he seemed very nervous rather than the confident guy of previous videos. Also I don't think Avacta have submitted a tender for their new nasal test as it has yet to get approval.

Interesting site that MP but it's a bit confusing as to who actually won the election. The European monitors were there and like most elections these days, fraud was suspected but not proved.

Tue, 24th Nov 2020 13:26

RNS Number : 3611G

Empire Metals Limited

24 November 2020



Empire Metals Limited / AIM: EEE / Sector: Natural Resources

24 November 2020

Empire Metals Limited ('Empire' or the 'Company')

Placing to Raise £2M to Exercise Option to Acquire 75% of the High-Grade Eclipse Gold Project, Update on Sale of Georgian Projects



Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce that it has raised £2,000,000 before expenses by way of an oversubscribed placing of 61,538,462 new ordinary shares of no par value in the capital of the Company (the 'Placing Shares'), with new and existing shareholders in the Company, at a price of 3.25 pence per Placing Share (the 'Placing').



The net proceeds of the Placing will be primarily used to exercise the Company's option to acquire a 75% interest in the high-grade Eclipse Gold Mining Licence in Western Australia (the 'Project'), to complete the work programme that has commenced at the Project, and to continue the Company's efforts to identify and secure additional compelling assets in which the Company can add value in the short term, as well as for general working capital purposes.



Please see the announcement of 12 August 2020 for further details of the Eclipse Gold Project and the acquisition terms for the project.



Mike Struthers, CEO, said, "The support that we have received from new and existing shareholders in completing this placing is an endorsement of our confidence in the potential for significant high-grade gold resource development at the Eclipse Gold Project. The results achieved to date from Eclipse have been very encouraging, with the latest set confirming that the mineralisation remains open at depth and along strike, with high-grade drill results along strike of existing historical workings confirming an extension to the main high-grade lode.



"With Eclipse, we are operating in what is generally considered the highest ranked mining jurisdiction globally and are developing this project in a region which already hosts numerous world-class gold mines and development assets. I am enthusiastic about our opportunity to develop a new standalone gold mine at Eclipse and I look forward to providing further updates as we continue to interpret the data."



Sale of Bolnisi Copper and Gold Project

As announced on 11 November 2020, the final condition for closing of the transaction is the waiving of a right-of-first-refusal ('ROFR') in favour of Empire's Georgian partners, Caucasian Mining Group ('CMG'). CMG have indicated a potential interest in exercising the ROFR, however, the Company is in the process of clarifying a number of aspects related to a possible transaction with CMG and will provide further updates in due course.



Application for Admission

The Placing Shares will rank pari passu in all respects with the existing ordinary shares of no par va

4p to sell 4.4p to buy.. Quite a big spread