Member Info for Katinka

Thing is, even writing all of it at length like in the previous post won't change anything. Because inverting concern flags is what you do on here consistently.

You'll take my statement of "No clear advanced metallurgy or flow sheet" and point to some data point that looks good, acting like metallurgy is all de-risked.

Even though the company itself literally put in the previous RNS "Workstreams over the next three to six months will focus on advancing metallurgical testwork". Can't focus on advancing something that is already de-risked. So acting like this is all the best thing since sliced bread and there are no red and orange flags, when titanium lives or dies from flow sheet and when there's not anything more than hoping on offtake/partnership front...yeah...you ask for negative factors? The project looks fine, and if it was valued at 30-50m£ there would be no negative factors. At 200m£+ there's a very obvious factor, this is nowhere near de-risked enough to make it remotely good risk/reward at that mcap. Which is also the feedback you're getting from a 64% drop in SP already. No negative factors?? Think again.

Sure Doc, what worries me isn’t the project, it’s the psychology on this board.

Every single red flag gets magically inverted into bullish spin:

- Share price down 64% since the MRE? -> “Ignore the chart. Just short-term noise.” (when in reality that overhyped rally into the MRE was more likely the "short-term noise")

- Heavy funding needs ahead? -> “We’re fully financed for now!” (RNS says funded for the drilling program, which isn't even in targets outside the ones in the MRE)

- No clear advanced metallurgy or flow sheet? -> “Metallurgy doesn’t matter yet! We're huge!”

- Third broker added pre-PFS? -> “Institutions incoming!” (rather than seeing the danger that a 3rd broker could have been added to work on a big dilutive financing)

- Titanium market not exactly booming and offtakers' number 1 priority being consistency which the majors that control the industry provide plenty? -> “Doesn’t matter, we’re a unicorn that will disrupt everything!”

It’s the same pattern with every overhyped junior:

anything negative = irrelevant, anything positive = transformational.

Meanwhile the only things that have actually happened:

- A maiden MRE that didn’t change economics, but was overhyped anyway (it was known the scale is large and the rough grades, so hardly the big de-risking step, no finished flow sheet, no offtakers, not even an economic scoping study anywhere close)

- A 64% collapse in valuation

- A rush to add more brokers before any economic clarity exists

And here’s the bit nobody wants to talk about:

Titanium is not a high-growth critical minerals market. Demand is relatively flat, with SOME growth projected into 2030, but nowhere near copper, or rare earths, or any of these other green revolution metals. Majors dominate supply and downstream relationships. Offtake agreements are notoriously hard to secure for juniors, even with conventional feedstock, with Pitfield being an unconventional projects (which is always hyped as huge positive, well, offtakers love conventional & consistent and they already have that).

So when people here say “ignore the share price”, “ignore dilution”, “ignore timelines”, “ignore missing metallurgy pieces”, or “ignore market constraints”…

…ask yourself why everybody except you is ignoring the story altogether.

If this were the world-class breakthrough some believe, the market wouldn’t be valuing it like a penny-dreadful and selling it down every rally.

At some point, you have to stop blaming MMs, charts, shorts, “people not understanding”, or whatever the excuse of the week is.

Why does a supposedly tier-1 discovery trade as if it isn’t?

If you can’t answer that honestly, you’re not analysing...you’re just rationalising.

Right right, Manlord, all negative factors about the company are invalid points, everything is perfect, and the only reason the SP is down 64% from the 52-week high is that "market doesn't understand what this is" (every single dreamer LTH of any stock says that), "they don't get how fast-tracked all here will be" (every single dreamer LTH of any explorer says that), or what, "the shorters are out again" (every single dreamer LTH of any explorer says that when SP doesn't do what they want, a big conspiracy of anybody shorting the stock, despite no short positions declared anywhere?), or "MMs manipulate that" (even though MMs have very strict and punitive best-execution rules)?

You can keep living in your bubble and discard every single negative factor as invalid and disingenuous, and just keep feeding everything into AI (try it with any junior firm without prompting in any direction, and you'll always get a massive positive bias from AI, you could probably feed an RNS about big-discount CLN for some company and it'd tell you how that is amazing and will unlock tons of value). But that doesn't make it reality. The MRE triggered a -64% share price move, so to be that arrogant to conclude that you got everything perfectly correct and that "market" is just wrong...well, that exact attitude has been very costly for many a hit-hoper investor, and no doubt been very costly for many of your fanboys on here too.

Yeah, amazing news Orange...a 3rd broker on the payroll of an exploration company that just has released its maiden MRE, soon they need to raise cash just to pay the broker fees, time to add a 4th and 5th one too. There's a time for everything and if Empire actually shapes up to be something, it could have made sense to add a broker at that time, but as always the crux is the timing, they're way too early-stage for this to be a sensible financial decision. Why would a company that is pre-pilot production and therefore well pre-PFS/DFS need 3 brokers? Unless they think the project isn't actually that good and try to force through a takeover at small premium and need all the broker help they can get for it? Being this wasteful with cash is no surprise for a company that has -95% SP performance if you click on MAX for LON: EEE on the Google graph, but it's a huge concern all the same.

I do agree though that we might see a similar big move coming at EST too.

I asked you a few though. But didn't expect you to answer, hypocrite does as hypocrites do.

Definitely useful to have such a reasonable voice as board police to decide who should and shouldn't be allowed to be interested in discussing a company.

So what if they sold? That means they're not allowed to post anymore on a EEE discussion board? 1) They might look to buy back in at a better price, 2) even if not, a discussion board is for all interested in a company, not just for die-hard holders through the 63% fall from the 52-week high.

Might as well ask you too then "what are you doing in here?" if you keep holding no matter what for at least another year or more and aren't interested in actual discussion. Or are you guys gonna tell everybody how the Lassonde curve doesn't apply to the EEE unicorn and how it's all a crazy fast-tracked WARP speed to production, ignoring how slow-moving Australian permitting is and that the company has just signalled that for the next 6 months it's all just drilling of targets that are already in the MRE & metallurgy. (Whoever says that "3-6 months" in an exploration company RNS means "I'm sure it's 3 months, they just wanna be safe" is delusional, exploration companies, including Empire, are prone to overselling speed)...whatever you say, this price action without clear idea what the next game-changing RNS could even be and the question how long this funding lasts given they only mention in the RNS that THIS work program is funded with the raise and cash, that is absolutely classic Lassonde curve post-MRE price action..."doesn't apply" my a**

"Workstreams over the next three to six months will focus on advancing metallurgical testwork, initiating pilot-scale testwork, and planning future phases of resource expansion drilling."

It seems...slow? So mainly metallurgy and pilot tests until June 2026, while "and planning future phases of resource expansion drilling" reads like that will be the main activity for the rest of 2026. Disappointing if true, was hoping for fast-tracked PFS/DFS, but doesn't sound like that's in the cards anytime soon given none of it mentioned here where he lays out the plan for the next 6 months and beyond.

3 price predictions (all multi-baggers) in one post...don't you always complain if anybody makes price predictions, let alone 3 multi-bagging ones? Rick Rule is an amateur investor compared to you.

"your geosociological ignorance is only matched by your stupidity"

"you, with your preordained myopic viewpoint is simply embarrassing"

fewer insults, more apologizing for having been a ******* for no reason to a nice fellow investor who didn't say anything against you. "unbelievable" as you'd say.

Agreed, no interest in bringing up the Telegram argument, but you wanted context, remember?

The replies to Cev are as response to his self-glorifying bullying - which is ongoing here and not unique to the Telegram group - so it's independent of the exact incident in the Telegram group.

Hardly, Dusty. We all know what LSE is like and that LSE admins simply don't do their jobs, otherwise the boards on here wouldn't be in the state they're in. If they even exist and it's not simply an automated "If x people report, delete the post/thread".

But counter-question for you: If somebody on a bus told a stranger "You idiot, you pronounced a word incorrectly, and you know nothing, otherwise you'd have more money than me" (which is the equivalent of what Cev does, using insults, ridiculing people for spelling things incorrectly, and swinging his 13.8m shares around like they are proof that he's a great investor and others aren't), would you not stand up for the person getting insulted?

It's even ruder if you consider that the people he ridicules for spelling things incorrectly might not have English as a first language and in that case actually spell incredibly well in their second or third languages. You can of course say it's a waste of time pushing back, and repeatedly pointing out his bullying ways. That he will just continue to completely lack self reflection and self awareness and instead of apologising for completely unacceptable insults respond with hollow nonsense like "history is history" (which it would be if he apologised, but not otherwise). But in the end, whichever way you look at it, there's nothing wrong with pointing out that a bully is indeed bullying, each time he does so.

It's fine, he doesn't have to change his behaviour, neither do I have to. This daily nonsense of correcting spelling mistakes and then saying "so I can't take your opinion seriously", what is that? He can't spell himself, maybe a bit of self-awareness wouldn't hurt.

But fine, that's not against LSE rules at least. Insulting others as idi**, mor**, reta**, that's a different story, it's just common decency not to throw that around all the time, and the fact he does all the time just shows how entitled he feels and that he just likes to self-glorify, which is further supported by him mentioning holding 13.8 million shares all the time.

You can very well say "It is what it is, I agree, but I've given up", but what doesn't float is saying "Just let him do what he wants, totally fine", as it's not totally fine.

Mate, he retracted the statement so you stop insulting him, that's a bit different from what you are telling. Read the room, if the most liked post in the EEE Telegram group of the past week is the one asking for you to be removed from the group, even though you are a big investor in EEE holding 2% of the company, that should tell you what people think of your behaviour there. But nope, no apologies of course, as you feel entitled to insulting others.

Yeah, it's "how I am". I'd rather not do it, but if someone goes around calling people ret***, mor*** and tells them to f*** off and is all arrogant about it and feeling entitled to put fellow investors down, then the choice is either to say "that's fine, let him bully people who were nothing but pleasant" or to say "alright, an eye for an eye".

Nope I don't "have to", neither does he, as per previous message: same treatment for everybody.

So if you say "let him do what he wants, mind your own business", the same applies to me, right?

Because Dusty, if you haven't seen how he bullied and repeatedly insulted a nice and supportive fellow investor in the Telegram group, without apologizing when he was given the chance, but instead just doubling up, then maybe you are missing relevant information.

You mean "lots of ifs", Cev. That's not the right use of apostrophes.

Sure thing Slappy, if and when he stops using insults on others in every other post and ridiculing them for not spelling words right (ironically while making several spelling and grammar mistakes himself).

Until then, equal treatment for everybody, who cares how many shares he holds or doesn't, it's mostly him bringing it up every other second, it's mostly him insulting people, so yeah, he can do and say what he wants, and so can everybody else.

"if it's £13 million now or 28 million in 2 years, I'll wait."

Just that now it's 5 million, not 13 million. And in 2 years it could also be 2 million, not 28 million.

For someone who hates on people making price predictions here and in the TG group, you make them an awful lot yourself...

Cev's return calculation using his numbers: 36/13.01 - 1 = up 176.7%

Cev: "I'm up nearly 300% in a year".

For someone claiming to hold that amount, your maths are pretty atrocious lil Rickie...