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Sorry yes Genghis it was my own understanding of the communication as I said in the post January 1st.
Over the years I've shared info relating to my discussions, I'm not comfortable sharing the private emails publicly but all the information discussed between myself & SB, Neil O'Brian, Laurie Mutch (previously on BoD) is referenced based on previous RNS's and dated so at no point have I received or asked for any info that's not already in the public domain (just for clarity)
I'll gladly share everything I can find out but screenshotting or posting verbatim isn't something I've ever done and my relationships with all management remains intact on that basis. I will however ask the question next time I'm on to SB if he's happy for his comments to be onward shared on a public forum but for now my post Jan 1st is as much as I can offer in terms of info.
ML
Cathbert,
while your thoughts cannot be 100% confirmed one way or the other, I would just remind you that SB (last week) made it a distinct point of reference with me that the Ilmenite & Hematite were dominant (July 11th RNS) within all samples studied with minor magnetite. He put in brackets after that sentence (THIS IS A GOOD THING)
When a Geologist with over 35 years direct experience tells me it is a good thing - I have to take it as so.
Each to their own but good luck to you on your next investments.
ML
Not sure about 15p today, 20p in Jan, 25p March or whatever other future forecasts are thrown out there but I did a few comparisons myself over the last couple of months Vs peers in Titanium market.
In simple terms, if what SB tells us is true (& why wouldn't it be?), it is quite impossible not to be valued above £200m at a minimum and at my maximum range based on grades, resource potential and industry standard recoveries, this most certainly has "potential" to be a £1b+ company.
When you find something that's the BIGGEST in the world, in the SAFEST mining jurisdiction in the world, with one of the worlds listed CRITICAL minerals (Titanium), digging from GROUND LEVEL, it's not valued in double digit millions.
Keep it simple here guys but my overall view & opinion for Empire is that you need to stop thinking with AIM mentality on this share, its a once in a lifetime opportunity that has all the potential to be trading on a different market in time.
It's not about Empire having the minerals (we know they have), it's about whether you have the minerals to hold for arguably the biggest gains you're likely to see in a lifetime trading.
All in my opinion only, DYOR.
ML
The higher the better Kongolasse. I don't suffer nosebleeds easily :-)
I held and bought as many as possible at a point when I was 90% down to now being 376% up! Two words, patience & belief.
I can assure you my Empire coins are locked away tightly and going nowhere anytime soon.
ML
And can I just say a very warm welcome to all the new names I've seen over the last 3 months on this board, some I've only seen over the last few days.
The very best of luck with your investments and I think you'll find this is one of the most helpful & respectful boards on LSE. I know I'm biased but there are some really good people involved here who in the main are here to help everyone makes educated & well informed decisions relating to this company.
I'm looking forward to hearing different views, thoughts and analysis on Empire and God knows we will have lots to discuss over the next 6 months.
For me personally, I'm looking forward to discussing the topic of our newest cornerstone investor! That RNS will be a monster :-)
ML
A reminder of what Joanne Hart (The Mail on Sunday tipster) said about Empire when I spoke to her last week.
"Thanks very much for your email. I have spoken to Shaun Bunn directly on a couple of occasions and he comes across as honest about the potential for Empire and pragmatic in terms of how best to leverage that potential. I chose the stock as a tip for 2024 because, if Bunn and his team manage to move this project forward, the commercial opportunities could be extensive. In other words, there is a good chance that the shares could do very well if all goes according to plan."
ML
Essentially this is a game of battleship.
The copper is certainly there, whilst we develop the titanium we keep drilling and the net closes in on the copper.
We can’t expect to hit the mother-load first time out, nor second but just like the game it must end as there are no more areas to drill.
It’s a certainty to happen, and with the titanium as our potential cash cow, we’re under no pressure or time constraints to find it.
It really is the perfect storm.
ML
It’s true 4K but even at that, it’s even more impressive than it looks.
Reason being, back then we only had 114m shares in circulation and at 11.5p that totalled just £13.1m Mcap.
Today’s Mcap for Empire topped out at £66.87m Mcap.
Todays closing SP is the same as Empire having a closing SP of 58p. That’s just how impressive the current SP is so whilst it’s optically great to see on the chart, the background figures are even better than they look.
The momentum, fundamentals & what I believe after 2 down years on the AIM all share index, a recovery will catapult us into triple millions Mcap at some point in 2024. Sooner rather than later.
Enjoy your weekends all.
ML
The consolidation period has worked out pretty well.
Sellers out and we move up again until the next round of sellers feel it’s time to bank profit.
The story is still yet to unfold but I’m enjoying watching this & will continue to happily watch all the way to many multiples of current SP.
Remember those who looked clever selling at just above 11 before Xmas? Yeah neither do I :-)
Listen to the CEO & RNS’s - everything else is just irrelevant noise that could cost you in the long run.
Let’s see how we close.
Enjoy your weekends.
ML
Https://nextinvestors.com/features/high-risk-exploration-asx-critical-minerals-and-more/
Great article showing you what’s possible when you strike the right hole!
ML
This phase of consolidation (10p range) is very important in my view. I believe with the news due & pending development plan (months) we can certainly break the current range leading to bigger moves in Empire.
It will be interesting to keep an eye on usual indicators of volume (trade frequency has increased), RSI and MACD whereby we can confirm a breakout (I’ll leave that to people with more experience than myself to summise).
I’m just glad to see this consolidation pattern and If it can hold the level with relatively decent volumes, then I’m confident that we’ll see a stable rise based on firm upside buying momentum.
Any chartists have a view on this?
I’m a news driven (fundamentals) investor so interested to get the view of the guys who jump in or out on the technical side of the fence.
Basically holding double digits now, is like when we held 2p for a while before the most recent Q2 2023 rise of 400%. Same again in 2024 has us at 50p. Can happen just as easy even though one increased the Mcap by £50m & one could increase by £200m.
I’m sure you, like me have seen it happen time & time again so let’s see if SB can deliver the goods.
ML
Hi TL,
When you wrote MB I got confused as I thought you meant to write ML.
I’m also getting old (41) so my apologies if I took your question up incorrectly. I do hope my reply covered the query anyway in a general sense.
GL 👍🏼
ML
Hi Timelord,
I have zero personal relationship or association with SB.
I’m here going on 9 years and have had exactly the same communication with every previous CEO, non-exec chairman, finance director or company broker.
I have also had similar calls, F2F & email communication with every MD / CEO of any company I’ve ever been invested in (POLY, RRR, BMN - the list is endless)
If one invests their hard earned money, one must invest their time also & I have done that far more than most but that’s a personal choice & certainly not “quite wrong”
I appreciate you giving me the opportunity to clarify my almost decade long support of this company.
ML
Hi All,
I spoke to Joanne Hart today in relation to her Mail on Sunday "Tips for 2024" as I wanted to gauge her level of information, experience & the finer details of why she chose Empire as her lead tip of the year. Her response is shown below and thankfully she is well aware of the entire Empire story and the opportunity is presents.
"Thanks very much for your email. I have spoken to Shaun Bunn directly on a couple of occasions and he comes across as honest about the potential for Empire and pragmatic in terms of how best to leverage that potential. I chose the stock as a tip for 2024 because, if Bunn and his team manage to move this project forward, the commercial opportunities could be extensive. In other words, there is a good chance that the shares could do very well if all goes according to plan."
Like she says in the article itself, we are an early stage explorer / developer so one should not lump the house on it but you get a good idea of what potentially is on the horizon.
GLA
ML
P.S. I think its also important for others to reach out to SB, NoB, Shard etc. as to get verification of anything I post here as we all know - all is not what it may appear on any of these boards. Joanne can be contacted on her website joanne-hart.com if you need confirmation of her thoughts.
Once mineralogical analysis is complete SB WILL provide an update to the market and WILL map out the DEVELOPMENT PLAN.
My advice is three fold.
1) Hold these tight & don't let go no matter what you see intraday - the trend & plans ahead are not to be missed.
2) Get involved now - buy what you can, when you can. This is only just the beginning & my observations are that SB also sees 2023 having been a good year but he's nowhere near where he believes this company can go.
3) Never listen to anyone about advice on buying shares without doing hours and hours of research across literally every aspect of the company, its location, its BoD, the minerals or commodity it is focused on, its financials, cash burn, permits, license's, shareholder register, ownership % etc etc etc...................
Sometimes, opportunities present themselves, whether you take those opportunities is the key.
My appetite to risk, understanding of the company and many other things may differ from others so just make sure you make the decision yourself whether you buy, hold or sell.
GLA
ML
I recently caught up with SB and discussed CSIRO involvement and clarification on the why’s & how’s of the current development strategy. I’m happy to say that as expected the strategy outlined & the reasons for this strategy were clearly defined & I’m extremely happy with the forecasted plan’s & expectations for 2024. Needless to say I will not be moving away from Empire for quite some time, & that time will likely be at a market cap in the multiples of todays very enticing market cap entry point. This has legs, many many legs to go. 2023 only scratched the surface & the following is my take on the way forward at Pitfield.
Firstly I'd like to thank SB for yet again, standing over dates & times & doing exactly what he says he will do. This is one of the big reasons I'm fully confident that what this CEO says is the real deal and can be wholly relied upon.
Firstly, since the maiden drill programme (March-April 2023) EEE have been trying to understand the nature & scale of the giant titanium rich mineral system. In essence, all they had to work with at the start was the geochemistry. They could analyse the key elements present & form an idea on the type of minerals, but Shaun, Andrew & Co. could not be precise about the exact minerals or their abundance. They have previously reported (11 July 2023) a dominance of ilmenite & hematite within the samples studied along with only minor magnetite (which SB was clear in confirming THIS IS A GOOD THING).
The diamond drilling was the next key step as it confirmed not only the extension of mineralisation to depth but also gave us a clear picture of the lithology (rock types) & samples which can be tested for both mineralogy & metallurgy. It must be referenced that EEE only completed the diamond core sampling in November (done in a rapid manner keeping costs down but the point being its only early stages of a fast paced programme) & they are still awaiting mineralogical assessment from the samples collected (all happy with the progress & going EXACTLY according to plan). What EEE have been able to see is that the sandstones contain higher levels of mineralisation (likely due to higher porosity), hence their focus has now shifted & rightly so to RC drilling out thick sandstone rich beds, near surface (19 December 2023). Make no mistake things are going well & as they want / hope / expect.
Re; Appointment of the CSIRO –the reason the CSIRO was set up by the Australian Federal Government was to bring industry professionals and leading scientists together, in well-funded & well-equipped research centres around Oz. CSIRO’s mineral research division is focused on critical metals (Titanium) & have a rich history of fundamental research & process development in our sector. SB confirmed we are also using industry experts (Specialists with experience in titanium minerals)
Once mineralogical analysis is complete SB WILL provide an update to the market and WILL map out the DEVELOPMENT P