Re; Tumbleweed
The best time to buy is when others are not!
That time is now.
People seem to be happy buying on blue days with 7% up showing because it offers comfort. Comfort doesn’t make money on the markets.
The savvy buy on red days when the facts & fundamentals are EXACTLY the same as they are on the blue days. It’s like people think someone must know something on the way up or down rather than trusting their own instincts or research.
The MM’s will have an absolute field day here soon enough, savvy investors & day traders will take advantage of the weak but sure that’s the markets for you.
Remember the words Globally Significant & World Class & buy what you can. Single digit SP figures will be here only for so long and if you read the last 6 months of RNS’s (I do regularly) it is written clear as day.
If you asked those in BMN, GGP, EUA & many many more companies that were in the same type of phase as we are now, every single one of them would say ‘I wish I had bought more’
The titanium isn’t going to disappear from Pitfield and once the SB / AF & team complete the important next steps of the plan things will once again move north on to another new platform SP.
Everyone should only follow their own thoughts of course & not anyone off a BB or forum.
These are just my possible naive, sanguine but researched & experienced thoughts! Who knows!
ML
Zak has been bang on this last 2 months.
Let’s hope he’s right into the next phase. We’ll certainly have news to propel it upwards.
https://streamable.com/r9xrlt
ML
Accelerated book build :-) - Don't make me laugh.
Every broker and buyer would have been on the phone today and knew exactly what they were going to take on one side and sell into on the other!
Easy 16% for the snakes that are ruled by greed and deception. The markets are truly designed to take your wealth, not increase your wealth.
The bloodbath here tomorrow will be monumental. Good luck holders.
ML
Those taking part in the placing have forward sold today and made profit off the back of this and everyone else gets stitched up royally.
AIM is a cesspit at times and the regulation is almost nil.
Been part of many placings and whilst happy to take shares at a discount I have never forward sold trying to make money on the down.
It might sound like I'm being naïve but all I'm asking for is some transparency and compliance to be enforced.
As I said disgusting.
ML
The fact we have not dipped dramatically and have held here after an RNS that almost confirms an 8 week drill & analysis programme is a great sign.
Taking that in isolation as we tick the weeks away I can assure you people will be watching closely and there will be a run on the SP in the hope of results being stellar. That alone will generate activity and SP appreciation in my view.
The reason it has held up in this period of waiting is because there are numerous other ‘leftfield’ RNS’s that could land at any moment. It’s way too dangerous to think that this is an 8 week wait (based on previous timelines from March / April / May) and trying to be clever has every chance of leaving you looking a fool.
Of course, this is just my personal opinion and others might see it differently. That’s the chances we take.
Either way, makes little difference to me as I have a LT plan here so dip or drive in the SP is inconsequential when my assessment of performance will be taken in 12-18 months time.
Strong buy based on that lead time.
ML
I DON’T KNOW WHAT YOU MEAN RUPPLE!!!! ;-)
Another great day consolidating! Any sellers are presumably in profit and had hoped for more, but took whatever they could and fair play to them - NOBODY EVER WRNT BROKE BANKING PROFIT (just for you Rupple)
The good news is that all the buyers are keeping us at this level and again I presume will want to be part of any potential rise, thus gaining profit so I agree with another poster over on ADVFN who commented on the base now looking firm at 4.4p give or take!
Either way we can now expect a decent rise over the expected 4 week period of drilling (last drills hit the ground 23rd March & pulled out 24th April with results communicated on 30th May!
That’s an 8 week lead time so first week of October should be when the fireworks start. I can assure you there will be continuous news flow throughout that period and who knows what might come to light.
I’m sure some will take the risk to trade it, maybe it will work, maybe it won’t but those odds of 50/50 aren’t ones I’m comfortable taking on, if I were I’d be in a casino tonight doing the same thing.
Can’t get in touch with Shaun either, my understanding is that the bod are extremely busy at the moment which suits me! Plough on gentlemen! Plough on!
ML
FYI
The FALCON Airborne Gravity Gradiometry (AGG) family of technologies was jointly developed by XM, BHP, and Lockheed Martin over the last 20 years. This has led to the only AGG instrument that is specifically designed to deal with the rigors of high-resolution data collection in a dynamic airborne environment.
The original Airborne Gravity Gradiometer (Falcon) was designed to provide the highest quality airborne gravity data, and living up to that promise with over 3 million line kms of data acquired so far (1749km spaced 325m for Empire over 4 days)
Our use is based on high sensitivity with efficient low-cost performance meaning we didn’t spend much money on this and kept expenditure to an absolute minimum.
This is the exact Cessna 208B Grand Caravan that was used over Pitfield.
https://ibb.co/52zYFGJ
https://ibb.co/x1113KM
https://ibb.co/f8Fypky
https://ibb.co/fMxp33t
We’re dialling in now and the net is closing on all those highly valuable minerals!
The story just gets better & better. My advice (DYOR first) is to continue to buy the dips and build whatever stake you can, this for me reads like a script for what’s ahead.
Are you willing to give it time? If so, you’ll do more than ok.
ML
Seen this type of RNS before, one that sets us up for next injection but that doesn’t give a 30% day today, however I’ve also seen this type of RNS take 2-3 days to filter out and for people to plough in.
It’s exactly what needs to happen and be completed for this to ever reach initial £100m Mcap target. You can’t ever become a major player unless you go through the phase that Empire have just told us they are now going to progress.
Sit on your hands, let the news settle in across the world and enjoy the next step being ticked off the list of necessary & very important items.
PS. We were already told we were fully funded for at least 3 drill programmes so for me this isn’t news, it’s just the company showing you that what they told you previously can be relied upon & that the BoD are trustworthy.
It’s a bloody great RNS proving we are now moving along to the next fundamentally important phase of development.
Allow the traders fight for scraps, I’m here to take scalps!
Well done Empire!
Oh & don’t think that’s the end of the news, there’s plenty more to come from the land of the GIANTS!
ML
Thanks Petch!
Appreciate the kind words and the sentiments behind them.
After all these years and all those different trades you’ve managed to snag a lower average price than me ;-)
I think I’m at roughly 2.7p avg on circa 1% of company shares in circulation.
I’m also delighted for you & others who have seen minus figures beside our holdings for years and now finally to see holdings in profit is a nice feeling. I was 90% down at one stage and certainly had my doubts and at one stage, had almost written this off but persisted with belief (maybe blind faith) and kept buying all the way down to 0.0087p (my lowest buy area) with decent chunks at 0.0108p
Long way to go, lots of twists & turns but overall, the tide looks to have turned.
ATB Petch & GL to you.
ML
PS. I could watch these all night. Some fantastic footage and some info on ilmenite / titanium.
https://youtu.be/d8MJISiIlF0
https://youtu.be/Mt2R8nPSx9I - I’m aware we’re not the sand type!
https://stockhead.com.au/resources/mineral-sands-prices-are-rising-and-ilmenite-is-the-hot-new-kid-on-the-block/?amp - old article but some useful info.
ML
Or plummet!
ML
BoD will need to issue an RNS to confirm or deny if they know of any reason for the rise.
Get you fingers on the button with sells or buys ready to go because it will spike further and plummet massively.
The roulette wheel is currently spinning - place your bets.
ML
Had to borrow the rake from another family and I certainly had a few strange looks going up & down row after row Rupple!
Thankfully, we had spent the day at the entrance to the beach and far enough back from the water.
https://ibb.co/kHGw9CJ
ML
Hi Mischief,
My guess (and that’s all it is) is that they are still focussed on finding the source of the copper anomalies within the licence area.
They know it’s there & I’m confident they’ll find it at some point during the next phases of drilling.
I’ll put it another way, one that I liken to a real world example that happened to me recently. I lost the keys to my Volkswagen California Camper Van whilst on a beach in Connemara a few months back, I have an app to find my keys (Drilling results) using a fob attached to the key ring!
It beeps but also locates to within 20m of exact position (Pitfield). I couldn’t hear the beep as they had been buried (copper not visual on the surface) but all indicators on my app (Geophysical surveys / Dipole Induced Polarisation Surveys / highly chargeable anomalous copper values) told me it was definitely on the beach and within a 20m area (Pitfield licence).
I broke it up into sections (target drilling from 3D maps) and raked the area with a child’s rake (next drilling phase & more geological mapping) and found the keys after about 6 minutes and almost 40% of the area raked (98% of Pitfield still to be explored).
It’s a silly example I know, but just scale the operation up, throw in some mining professionals, better equipment and a longer lead time & it illustrates the theory of what Shaun Bunn said ‘WE KNOW ITS THERE BUT WE’VE JUST GOT TO FIND IT!’
I’m in no rush & I’m sure they’ll find it eventually.
Now the only difference with my keys was that I could afford to look all day & night for days without running out of finances which Empire would have to worry about in an ordinary situation, however, they have the luxury of a spare camper van (Globally significant Titanium project) parked up on the campsite beside the beach :-)
These guys are top of their game, they’ll progress everything in a methodical & logical way & not at the timelines of PI’s trading or exit targets.
Cannot wait for Empire to one day be the company I had hoped would assist my pension plans but as I’m still 25 years off I’m not entirely dependent on them reaching the end goal just yet. Sooner would be better, but getting there is more important.
GL
ML
Https://www.mining.com/the-global-copper-market-is-entering-an-age-of-extremely-large-deficits/#:~:text=The%20International%20Copper%20Study%20Group,431,000-tonne%20deficit%20in%202022
ML
Why Empire might still be pushing articles on LinkedIn today about supply shortages with copper?
I have absolutely no idea why they would do that!
Absolute none ;-)
One month chart looks incredible with 3 step rises & lesser step pullbacks all through July. The technicals look very good and fundamentals!!! Well the next RNS will confirm that.
ML
Hi Mischief,
I've certainly been called worse in my time :-)
I was once a novice investor and had to learn the hard way over the years. I'm still far from the finished article in terms of navigating my way through the markets but there are some very informative and helpful books and articles on market dynamics and investor psyche. It is so important if you actually want to make decent headway on AIM and the wider markets.
My biggest challenge over the years has not been when to buy, but when to sell. At some point we all need to take our profit or our losses and knowing when to take both and the reasons to do so are incredibly important. Whilst I don't always find winners, I'm continuously developing my habits and seeing opportunities far quicker than I did years ago.
You should give these a go and remember they don't have to be finished quickly as most of the content is still pretty relevant even now, many many years later.
The Intelligent Investor
A Random Walk Down Wall Street
The Only Investment Guide You’ll Ever Need
The Naked Trader 5th Edition
All will offer great insights into so many areas of investing including the pitfalls. I enjoyed them and to be honest I'm still not finish a couple of the above. I'll finish them on my new yacht when Empire hit £1b Mcap (One can dream can't they?)
GL with your investing.
ML
The value of exploration and development company Empire Metals (AIM:EEE) skyrocketed this summer with the confirmation of a major titanium discovery at its Pitfield Project in Western Australia.
Exploration at Pitfield, one of three major projects acquired last year, got underway last June, geophysical surveys confirming strong magnetic stratigraphy and alteration within the licence area. A review evaluating recent geophysical surveys and the historical exploration database at the project confirmed the field has ‘all the hallmarks of a “Giant” copper mineralised system, potentially containing multiple sediment-hosted stratabound copper deposits’ – globally significant geological systems which deliver around 20pc of the world’s copper production and are often very large and high-grade deposits.
Studies this year confirmed the presence of ilmenite, a titanium-iron oxide mineral, which is highly valued as a source for titanium oxide and which accounts for over 85pc of the feedstock for the entire titanium industry. Titanium is on the strategic critical minerals list in many countries including the US, the EU, Japan and Australia. The dominance of ilmenite and hematite within the samples studied, along with only the minor presence of magnetite, could be highly beneficial from an economic perspective. 3D magnetics modeling demonstrates the exceptional depth of the 40 km by 8 km magnetics anomaly, which extends at least 6 km below surface. Future drill programmes currently funded, including both diamond core and additional RC drilling, will be carried out along the entire length of the magnetics anomaly to confirm the system’s scale.
Though Pitfield is the priority, EEE is also advancing its Eclipse-Gindalbie Project in Western Australia, prospective for high-grade gold and kaolin, which is used extensively in a number of industries, and considered to be a desirable feedstock for the production of high-purity alumina – an essential component in lithium-ion batteries. The company has two further exploration projects in Australia; the Walton Project in Western Australia, and the Stavely Project in the Stavely Arc region of Victoria.
EEE’s share price has surged more than 300pc over the past few weeks. Should there be more good news from Pitfield this stock may rise further. At the time of writing EEE’s share price was 4.66p and its market cap £22.8m.
Courtesy of TMS
ML