Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The fact SB said “we should have results within the next 2 weeks” leads me to think it will be first week of December but who knows.
Absolutely zero panic as he basically confirmed that they will be good.
The 12000m drill programme by end of Q1 is all I care about now. Come April the sun will be shining bright in the evenings & heavily on Empire Metals.
That’s only 5 months away, the same time it has been from the May titanium find to now with over 325% SP rise. The same again has us at 30p. Very achievable, in fact I’d be surprised if we don’t see it.
Watch for trolls, rampers & cross-rampers day in day out now that we are the main share on AIM. My suggestion would be to ignore & not to engage, that’s exactly what they want. If everyone just presses REPORT on the post (obviously if warranted) then we can keep this board civil & helpful but with alternate views respected.
Enjoy the week all.
ML
thanks ageos.
he was quite keen to dispel any thoughts of driving market prices down by locking ourselves into something that doesn’t offer us full control.
really pleased with that interview.
not bothered hitting 7p and fully expect a nice little healthy retrace at some point. it’s next year i’ll be watching the sp with interest but great couple of weeks for the company.
back to a ****tail for me. enjoy your weekends.
ml
The daily chart is a thing of beauty.
SB interview hits & he adds over £1m Mcap to our ever increasing value.
Now that Sir, is what I call a value adding CEO who is focussed on shareholder appreciation.
Credit where credit is due guys. AIM is riddled with CEO’s with lifestyle leadership & SB isn’t one of those.
Long way to go I know but might be worth letting him know that you appreciate the efforts and that you intend to support him & the team.
It can be a thankless role at times. Just a thought.
ML
Watch this fly in the PM.
Xmas run in and 2024 start will be explosive.
SB has a target to hold onto this once in a lifetime opportunity. He doesn’t and won’t be giving this away.
21 drills - all hit the goods
3 DD - all excellent but H2 & H3 incoming
He is exploring now for higher grades with metallurgical analysis.
40 holes to be drilled and will have 12000m completed by Q1.
Resource to be confirmed by then - that’s the plan.
“We are so big people putting an estimate on the resource would under call it. We have billions of tonnes says SB”
Scale is confirmed - it’s more than big.
Grade - next up is to establish what products we want to make, do we want to sell ilmenite and locked in as price taker as biggest supplier in the market? No, we want to make titanium oxide and drive the market prices upwards.
SB has all the options and we’re in control. Great location with incredible infrastructure (limited capital requirements) and the tech needed is already there.
Incredible interview & never seen SB so bullish on his vision and ability to deliver that vision. Strategic partners discussed but he will not sell the company upside away & it’s early stages with him extremely confident of what H2 & H3 assays are going to be good. He is also of the opinion that this unicorn is now on the radar of majors! He says they might not think this is real due to size, but he then says “THIS IS REAL”
The market will buy what he is saying and when they do there will be plenty of interest.
He wants to control the narrative but not there yet, learning about the minerals and processing options. Again scale is not in question, grades are extraordinarily with knowledge falling into place.
Drill results of next 40 so important for next steps. Critical mineral assembly (ilmenite etc) but how many can be combined and which are most profitable. Extract the best at the lowest cost and that’s the only reason we can’t value it yet, but it does have a significant value. Not rushing it but going very quickly. End of Q1 is the date (just over 4 months to wait guys)
People investing in Empire should do so with confidence. EEE company doesn’t match this giant find so the good news is that whilst unusual we have what we need including 40 year mining contacts (North America / London etc.) to turn us into a company significant to the mining industry.
Simply incredible Tier 1 discovery & we now need to think Tier 1 - not think like AIM.
ML
Thank you for sharing.
25 minutes confirming why THIS IS THE BEST OPPORTUNITY ON AIM IN YEARS!!!
ML
Blade you show off :-p
Nice work buying from the 2.7 ish range.
People buying now need to take the SP & previous rises on its own merit, and what I mean by that is yes, sometimes companies with a 300% rise in a calendar year will take a dip and you can understand why, however Empire is one where the previous years performance should ultimately be parked & not used as a barometer for future rises. There was a point when Empire was £3m with almost £1.6m in cash!!!! Jesus when I think about it, it was ludicrous.
The £30m Mcap now is still ludicrous IMHO so there is plenty of steam left in the tank for everyone to make a difference to their personal finances.
1p looks great at 6p
6p will look great at 30p
You get the idea but as always, don’t even attempt to put a penny into Empire unless you have read all the company presentations, watched the CEO interviews, read the shareholder register, familiarised yourself with gold, copper, titanium, Kaolin & make yourself aware of our projects in Austria along with our cash position & burn rate. Then & only then should you purchase shares if all that due diligence has led you to the opinion of EEE being a value proposition.
GLA
ML
This is a £100m company on its merits right now - MARKET WILL WAKE UP!
When it does, well it could be anything, most likely something we haven't seen before on AIM. It is my personal opinion that the CEO believes this to be absolutely nowhere near true value and has the makings of being something very special indeed. He just needs time to categorically prove that and show everyone what he he and the team have at Pitfield.
DYOR
ML
121% up Rupple to be precise :-)
Trust me when I say this isn't even remotely close to where I see this going.
If I could select STRONG BUY / STRONG HOLD I would.
ML
Resistance!
The only resistance Empire will have is the huge magnetic resistance coming from the asteroid sized chunk of titanium at Pitfield - it’s simply monumental in size & grade.
This is without a shadow of a doubt the greatest prospect on AIM at the moment & thus, the mindset of the typical AIM investor should change from short-term to long-term with EEE.
Generational wealth opportunities come along once in a lifetime - this is it for me after 12 years trying to find it.
Feet up, relaxed & looking forward to 2024. Multiple surprises on the cards with months & months of newsflow (most likely very positive on each occasion)
GLA
ML
Thanks for the feedback.
Greatly appreciated.
ML
Honestly Jambor we’ll never know.
I’ve seen my own trades delayed until after hours but not only that, the time stamp showing earlier that day (posted after hours) which indicated it was a sell, was hours off when my limit order contracted.
One of Empires largest shareholders had the exact same thing happen to him (I saw the contract note) where his trade showed up after hours & again completely out of sync with when he bought and what the sell price “suggested” it was.
I never guess large buys or a sells because it’s too difficult to confirm either way. I also don’t really know why MM’s disguise them as they don’t lead me to think anything one way or the other.
Anyone else know? Seems pointless but maybe I’m missing something.
ML
Also second highest volume day in the last 3 months. Over 200 individual trades. Liquidity is key to the success of most shares.
I expect a move up tomorrow based on the limit orders filled after hours. Empire movements seems to always track 24-48 hours behind market news. Interesting to see what happens after conference visitors assess the Empire proposition.
ML
Https://www.irishtimes.com/business/2023/08/15/kenmare-resources-says-production-stringer-in-second-half/
Again, far smarter people than me might need to do the assessment of potential values but we are still a few steps away from being able to do this however this is the LT plan in a general sense.
Millions & millions of real turnover & profits.
ML
The strong prices that sent sales soaring at titanium miner Kenmare Resources in 2021 have continued into this year, company managing director, Michael Carvill, says.
Kenmare’s revenues jumped 87 per cent to $455.9 million (€413.5m) last year on the back of record production volumes and higher average prices. Profit after tax rose almost eightfold to $128.5 million in 2021 from $16.7 million the previous year.
The company announced a record annual heavy mineral concentrate production of 1.5 million tonnes, 30 per cent more than in 2020. Ilmenite production increased by 48 per cent to 1.1 million tonnes, benefiting from increased heavy mineral concentrate processed.
The company said it had a net debt position of $82.8 million in 2021 compared to $64 million in 2020.
There’s money (real money) to be made in Empire. THIS IS JUST THE START!
ML
Kenmare Resources broke an unusual record in 2020. The Irish titanium miner group moved an entire factory 22km from one part of its ore body in Mozambique, Africa, to another site.
“That was the heaviest mass ever lifted in Africa and the largest mass that has ever been transported that distance by road anywhere in the world,” its chief executive, Michael Carvill says proudly.
“And we had to build the road ourselves, through nothing, through bush. Nobody has done this ever before. Basically putting a factory on flatbed trucks, wide as a football pitch, seven storeys high, it took 48 hours. It took two years’ work and $127million capital expenditure.”
The move paid off. Kenmare’s Moma mine produced 1.55 million tonnes of ore last year, up from 800,000 in 2020, breaking its own record. Revenue hit a record $456 million last year from $243.7 million in 2020
Pretax profits increased to $137.3 million from $22.8 million. Investors should benefit, too. The company will pay them total dividends of 32.7 cent a share, or $32.1 million for 2021, more than three times the 10c it paid for the previous year. It returned $81.6 million through a share buyback scheme in December.
Kenmare have just over 2% grade as far as I can see.
Should bode well for Empire at 4% to 5% with higher grades also intercepted. Maybe Ageos could offer a slightly more detailed view.
ML
Was in communication with SB an hour ago. Now I know people will say ‘that’s no real help to us’ but of course I always try to honour our private discussions by keeping them that way. I’m sure you understand.
He is seeing an increase in Empires market awareness and that’s assisting the support of Empire. The presentations in Oz & Uk have gone down very well.
Mcap position was highlighted and again whilst good to see, he is “FULLY FOCUSED ON ACHIEVING A MUCH HIGHER TARGET FOR EMPIRE & THIS IS ONLY THE FIRST STEP” 📈
Now I know we can’t quantify the value of Pitfield yet and it will take time to define & confirm exactly but it’s like this guys, we don’t know the weight of the oceans either but we absolutely know it’s a monumental figure. The oceans aren’t going anywhere and Pitfield is exactly the same. This analogy is my own words but you get the idea.
I can’t really convey my level of comfort here as a relatively big shareholder (circa 1% holding) but I have no doubts that this 5p marker is the bottom of a very steep upward curve. On a personal note, whilst hitting 30p (for example purposes only) would offer me huge gains I do now believe that a longer hold could create generational wealth. As most know I’m here 8.5 years (checked exact dates on my broker platform this morning) so holding for another 2-3 or more years isn’t an issue for me. The hard work was done buying for years on the down days, now should be the easy times in comparison.
To be clear; my personal communications are general topics of discussion and at no point has SB discussed anything additional to what’s public via interviews / presentations / investor relations via Empire website.
I don’t ask & he doesn’t say anything else which is why these calls / emails work & have done since he joined the company. I find him very pleasant, accommodating but above all, he holds himself & the company to the highest standards of integrity.
ML
As a side note, the 25p per share in 2017 was based on 115m shares in circulation at the time = £28.6m Mcap.
5.6p close with 567m shares = £31.7m Mcap
Make no mistake, today’s close SP is a huge achievement & sets an all time high Mcap for this company. (NMG / GEO / EEE) & it hasn’t even gathered pace yet. Watch this snowball into 2024.
Well done SB & Co.
ML
Hola Amigos!
Luciendo bien.
No querría estar fuera de esto durante el fin de semana :-)
ML
Redhammy you must be new to this game to make the statement below.
“It matters not a jot what price the placing shares are set at!”
Christ that’s utterly ridiculous & if you genuinely believe this, you shouldn’t be investing let alone giving advice to anybody on this board.
It’s people like you who have led new investors to financial ruin year after year on AIM. Thankfully most can spot someone who hasn’t a clue what they are talking about.
ML