Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Maxmisty,
I will have to assume one of my filtered friends has confirmed who indeed “The Big Cheese” is 🧀 😂
I quite like the monikor as it has a nice ring to it!
I see from your sensible post earlier today that you felt today’s RNS was also good news in terms of our future success. Like you I’ll holding these shares tightly. With continued forward progress, a good strategy, strong expertise & experience from our BoD & the recently appointed employees / advisors, not to mention a little luck along the way, they could be worth far more than they are today. Foresight, belief & patience is required.
All the best,
TBC 🤣
100% agree 4K.
Make no mistake, a concerted effort is being made here to discredit this find & some people (good, honest people) are naturally feeling a little bit apprehensive. That’s why it’s done.
I haven’t seen the likes of this in 9 years & I’ve seen the good times & the bad times of NMG / GEO / EEE. I can feel it in my bones & it will all come out in the wash but worry not, the professionals & experts are who I listen to, doing anything else would appear to be silly would it not?
The BoD should not concern themselves by entertaining this however I will say I hope the poster who has emailed Empire receives a reply as it’s very unusual (to me) to hear that it was sent without a reply. SB & Co. have always replied to me within 24 hrs unless they had news due & they deemed it best to reply after news could be discussed having been made public via the correct channels. I have 3 people on filter & I haven’t thought about them once in as many days. From the level of green filtered posts immediately after mine it appears “they” or “one” in particular cares far more about me than I do them! It’s rather sad if I’m honest.
I can only imagine it’s torture considering the replies I’m seeing from everyone else 🙄
One thing is for sure, the markets ain’t ever easy and rewards only come to those who deserve it.
I’m quite content allowing SB progress this incredible project and todays RNS was yet another solid brick in the foundations of a world class high grade titanium producer.
SP is down yes, but like said elsewhere;
Apple stock went from 1.9 to 1.2 in 2005, 6 to 3 in 2009, 25 to 14 in 2013, 31 to 22 in 2016, 56 to 36 in 2019 - you see where I’m going here? All stocks can look like this at a particular moment in time, it’s the destination of travel I’m concerned about not daily fluctuations.
Because the stock drops, doesn’t necessarily mean that it’s a bad thing. The trend for Empire will be positive I’m sure & I’m here to make the most of it 📈
I’ll await the green filtered reply 😂 🎣
ML
Hi 4Kandles,
Well done on your buy & yes I agree there could have been far more detail on processing but I think SB & NoB focussed on what they believed were the main queries & concerns of investors & the general market.
Live presentations are extremely difficult & far harder to “Get right” because one wrong word can set the shares tumbling (Remember Ratners Group in 1991?)
For those that are unfamiliar with Gerald Ratner, he managed to lose £1.8b in stock value in less than 10 seconds 🤦🏻♂️
He said live on stage at an investor presentation “Ratners doesn’t represent prosperity — and come to think of it, it has very little to do with quality as well,” he began. “We do cut-glass sherry decanters complete with six glasses on a silver-plated tray that your butler can serve you drinks on, all for £4.95. People say, ‘How can you sell this for such a low price?’ I say, because it’s total crap.”
Then, seconds later, just for good measure: “We even sell a pair of [gold] earrings for under £1,” he said. “Some people say, ‘That’s cheaper than a prawn sandwich!’…I have to say, the sandwich will probably last longer than the earrings.”
Ratners group were the largest jewellery chain in the UK at the time.
Anyway………….back to Empire.
Let’s hope the incoming news offers clarity & removes all ambiguity that certain folk might need to hear. Those who are already comfortable can buy the dips so it’s not all bad 😉
ATB 4K
ML
In reference to the processing question 17, I contacted the authors of a 108 page research paper last Friday and requested the full access to the research & analysis from 2016 in pdf format via International Journal of Mineral Processing.
My request was accepted and the file received.
Highlights:
• Titanium extraction from titanite using 2-step processing
• Hydrobromic acid leaching
• Carbochlorination of Ti02 from leaching residue
• Hydrobromic acid recycling
• overall titanium extraction efficiency can be 93.8% or higher (likely improved by 2025)
Conclusions:
Titanite can be processed & the research was supported and verified by the Institute of chemistry & chemical Technology & the Russian Academy of Sciences.
I’m still working my way through it but everything I’ve seen indicates it can be done, has been done & aligns with what our independent technical experts have discussed with Shaun & he has presented to us recently.
It’s far more definitive than a made up article posted by a randomer on telegram who has an open position and holding in a company set to be affected by our potential success.
If people choose to ignore the science that’s up to them.
As always DYOR!
ML
Hi Genghis,
Again, a negative post or constructive criticism isn’t the issue & I’ve said that very clearly. There have been many recent posts with mixed feelings on the company based on last RNS & presentation (most I gave a recommendation to) as they offer a reasonably sensible, well thought out views or opinions factoring risks & rewards.
This isn’t who's right or wrong about a short-term SP position and whether buying or selling today turns out to be a good or bad decision. Only time will tell that, and we all hope it turns out to be what’s we’ve been told it could be. Most signs point to it being very possible & we await the necessary steps to confirm.
Posting negative information (pure conjecture btw) on a company you hold no shares in having sold everything recently is what confused me.
We clearly view that particular point differently but that’s just one of those things which I hope we can move forward from now.
As I said, hope you’re back soon & if so it means we’re all likely to be happy with what we hear from SB & Co 👍🏼
ML
Hi Genghis,
Thanks for the reply.
My disappointment isn't about what you think of Empire or why you sold everything you had as that's your own opinion and as you say, if you preserved capital, well then nobody can criticise that strategy whether the SP goes up or down.
It matters little but I just don't understand why you would start a negative thread on a Sunday in a share you have sold out of? Of course we're all different and everyone is entitled to post whatever they want but it's not something I would ever consider doing as I just can't see why I would care about a company that I have no links to anymore, especially when I was presumably happy with my decision to sell. I'm sure you can understand how it might look your fellow investors who have held their shares and hold a different view on the prospects of Empire?
Maybe it's just me, and that's entirely possible, but ultimately and most importantly for you, you have your capital intact so ATB. Hope we see you back in here at some point in the future with a newfound belief based on some upcoming RNS that alleviates your concerns (hopefully soon :-))
ML
Hi Genghis,
I have to say I’ve been a little disappointed to see your recent posts on EEE. I know you a long time & I know your stance on Empire or I thought I did.
Your tone has changed dramatically this last 2 weeks & the only reason I can attribute to this is the below!
You 2 weeks ago:
“ Let me say that i have no technical expertise here from a mining perspective, and am no stock market guru either. , so DYOR, etc, but i have reluctantly taken my stake off the table for now. Might be a big mistake, but capital preservation remains the priority for me, and if i miss out so be it.”
I’m assuming you’re still not invested & you have preserved your capital so well done but it now seems that you are driving or hinting at negativity rather than being happy with your decision. You might have been right, you might have been wrong but sadly it smacks of someone now having sold out wanting to drive it down (or hope it does) to get back in or ensure it doesn’t rise proving your sale an incorrect decision. I find it unbelievably strange to see you take the time to start a thread on a Sunday in a share you left two weeks ago. You’re far better than this & as I said it’s disappointing to see.
Should you care what I think? Not at all.
ML
Diamond core assays will be fast tracked so not long to wait.
Funny as the SP action suggests, the steps we’re completing in record time (keeping cash burn low) are all necessary, exactly as planned & key to our success.
If we didn’t have some doubters and some very weak holders who have been scared out of their positions, the SP would be 10p+ and everyone would be unbelievably confident based solely on last weeks presentation.
This drop is the typical investor psyche and it’s truly compelling viewing from an outsider looking in. The MM’s and city boys have an easy job making money when it’s like reading a book or shooting fish in a barrel.
Have read many books on this & the level of losses from PI’s across all markets including FTSE / NASDAQ / Dow / S&P has been phenomenal. As we know, the markets are designed to take PI money, not make PI money.
ML
“This message has been filtered, please adjust your filters to view”
This is about the best of today’s contributions based on what I’m seeing on my screen.
Based on seeing some reputable contributor replies, the board has unfortunately been dragged into the gutter.
ADVFN has also become intolerable, unreadable & painful to the point where I’m almost feeling it’s best to bottom drawer these & come back in 3 months time. Nothing to do with the company fundamentals, rather it’s becoming tedious to navigate the genuine content.
It’s hard to offer anything of value when the threads are being destroyed by pointless off-topic debate. To be fair, I’m just as bad commenting on it right now however, it’s disappointing to see after what felt like one of the most constructive boards on LSE this last 2 years.
ATB
ML
Watched the presentation again & placed a limit order for 113,000 shares.
I don’t expect it to be filled, but will be delighted if it does 🤞🏼
Any accumulation based on impatient sellers & positive news is a good way to build your holding IMO. Tbh the majority, if not all of my buys are on red SP days. I try to buy when people are selling but that’s just my thing.
I’ve said it many, many times before that Warren Buffet tells a great story of him buying into what he believes is a good company. He says he’s always happy to see the stock drop (on no news) as he says it gives him the opportunity to buy more at a lower price, all whilst the fundamentals are the same or better than when he first bought into the company.
The same thing is happening here & just like WB, the rewards should be plentiful in good time.
Remember, if you can’t handle uncertainty, you can’t handle growth!
https://ibb.co/6RgLh13
ML
For all my “fans” out there, I will now be identifying as “The Big Cheese”
Remember this mozzarella was down 92% at one point, but my balls remained fully intact and now here I am up 200% give or take (not sure after todays drop) so if being down 10% has you panicked I was being serious when I said it’s not for you! Why invest on AIM when you could have safer investments elsewhere?
I’ll Brie honest with you Dusty, I’m first to recommend not listening to anyone on here as advice or when to buy or sell but I will offer my thoughts on the matter. It’s you and only you who pressed the buy / sell button so best not to blame others.
Anyway I do wish you well but best I filter you now for the good of the cheese board as we’re grating on each other now.
BC
Based on the tirade below, coupled with buying because of what others say, freaking out over being 10% down in paper loses, I think AIM is for you Dusty & I’m being serious.
ATB & see you next quarter.
ML
“i think people have a right to be ****ed off, i come on here planning a 6p buy, got all the insults, trash talk, jumped up idiots, manlord acting the big cheese, egg heads doing maths, no one serious enough to envisage it, coz too many over opinionated losers knocking around on aim forums, 13p next week shouts dusty sell blah blah blah, so you know what, i bought more at 9.1p like a sheep to your slaughter, and now everyone's like ah, that's aim, it's long term, i want it lower, because ye frauds who talk a good game but know absolute shiiitttee”
Yeah it's called patience!
You wouldn't plant a seed and then dig it up every few days to see if it has grown so why do you keep questioning yourself, your research and your decisions?
Have patience, stop overthinking and keep watering your seeds.
ML
Is Titanite a problem or an opportunity?
SB:
“We can produce a high grade titanium product that can go to any number of end-users. No intensive energy required & we have up to 20% (at surface) of Ti02 in the ground compared to 1% avg by mineral & hard rock sand producers
We’re well supported, well funded & in a fantastic location.
Sounds like it isn’t a problem but he does say we have to complete the mineralogical steps to confirm for the market.
All the required steps will be advanced with urgency and will have grade / tonnage figures after the next drill programme (next quarter)
Empire are upping their expertise / specialist employees across multiple areas with the ultimate goal of building the test plant to MAKE PRODUCT (multiple 44 gallon drums)
He will be taking it to metal producers (and almost told us the countries 😂)
NoB closes by saying “we are special in the titanium space but in terms of sediment hosted systems gold, zinc, uranium & copper (named 4 areas across the world) but compares these systems to being large & robust (exceptional ones) & feels Pitfield is the exact same. The Olympic athlete of mineral systems for Titanium. Few places around now and importance of critical minerals and locations like Pitfield will become even greater over time. The value of scarcity!!!!!
All above is only solidifying my belief in this project. The lads have too much at stake in terms of reputation to lead us up the garden path.
ML