The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
They've basically done the research on behalf of, and answered many of the prospective questions a major would have when reviewing the company.
Firmly believe the 'For Sale' sign is up and that Shaun and Co will continue to de-risk a buyout over the coming months with the pipeline of work they have.
I don't expect that come EEE in their current guise will be the ones developing the plant next year... and that's not a bad thing :)
All signals point to a significant RNS early next week; with minerology data, an indicative extraction method and confirmation of latest RCs spinning.
Suspect they have had a strong idea for a while of what the extraction process will entail and the confirmed results plus new team members will rubber stamp the lot.
Also, if all pieces of the puzzle are indeed in place then there's a much stronger chance of putting a $$$ value against the asset. Said value is likely what will draw the majors out.
Shaun has been lining his ducks up for a while now and is starting to knock them down one by one - IMO the final duck will a takeover by a major at a premium, with the current EEE staff being given cushty roles in the development of the plant.
There's results of the minerology due any day now (as per Crux interview), with drilling expected to commence by EOM for latest targets - these results could be anytime from end-March to early-May realistically... will depend if the send them for analysis in smaller batches or wait til they're all complete and send as one.
Https://www.cruxinvestor.com/posts/empire-metals-loneee-titanium-opportunity-taking-shape-at-pitfield-project-4933
Minerology w/c 19th Feb??
Drills spinning the week after?
All the tools on investing.com show EEE as a buy / strong buy still... both are just generic automated tools with zero intelligence - take each suggestion with a very large pinch of salt... or even better, do some actual reading and research, and make your own judgement based on ALL the info at hand.
I think people overthink the role of a MM - it's a £50k a year job and they'll have multiple companies to deal with at once... they'll have little time for games.
Any trades below the SP will show red and any above will be blue - a simple logic built into any of the trading sites... bang on the SP = black / unknown.
Any buys below the SP is simply a delay in the SP updating, or a hefty sell inbound.
All IMO of course.
I think the wording of the RNS may be slightly misleading - are they saying that the grades are "higher" than previously understood, or is it just "Higher Grade" titanium, which doesn't sound as good as "High Grade" or "Bonanza Grade" (which we've heard before??
Seems that jaunt to South Africa was successful... Lots of significant investment in the days that followed.
The sentiment / evidence / message has clearly hit home if there's that many people wishing to cough up tens of thousands of pounds in a relatively short period; people who you'd hope / expect would know what they're doing if their bank balance allows them to do that so easily...?