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Thanks Scrooge.
If even one piece of information shared helps someone make a more educated decision on their investment then thats the reason for this forum in my view.
I’m actually bitterly disappointed with SB’s proactive presentation - “We’re not quite the inverse depth of Mount Everest”
Shaun, Shaun , Shaun - I’ll have to settle for the inverse of Mount Kilimanjaro @ 5895m so. How will we as investors get over this corporate bombshell?
I need to reassess my position in Empire.
;-)
Easiest hold / buy I’ve ever had the luck & fortune to be involved in.
ML
Thanks Ageos,
Nothing like a morning coffee on the beach and an interesting read.
It’s very clear the sun is only just rising on Empire, and also here in the Dominican Republic ;-)
Looking forward to the 2023 close & what will be a very rewarding 2024.
Enjoy the rest of your weekend.
https://ibb.co/XCCjMrr
ML
I see my screen is back full of green posts.
I can only imagine what I missed :-)
This is ready to fly
(6 minutes later) Few more sells and were off
Just needs to hit (enter price here) and buyers will take over
(10 minutes later) Were into selling now, watch it drop and then watch it fly
Watch the SP move upwards now (as the SP was already moving up)
Watch the SP drop down now (as the SP was already dropping)
Bid looks strong, up she goes
weak on the ask, down she falls
This is ready to pop
Sell while you can, MM's want none
I can see 200p soon
Now I can see 10p soon
Zero substance and nauseating to read. I don't filter many people but one thing you cant hide from is your post history. Unfortunately this platform doesn't hide them in full which is an oversight.
That's my rant over but sure if I'm wrong and all the filtered green posts were fully detailed with analysis of any previous RNS, maybe some detailed information, links to some data or even an opinion based on something factual - well let me know and I'll consider my comments and apologise.
ML
They said January but I think SB was setting up an under promise & over deliver scenario.
Really depends on when the lads down tools for Xmas. At the rate they are going (night shift like last time?) they could be finished by Xmas and tbh I think the BoD would like to achieve that as it would close the year on a high and all work completed. We’re all the same aren’t we in the run up to year end.
Also Re; warrants being exercised. That looks to be SP Angel as they were granted warrants in July 19 which were exercisable at 1.3p per share for the period up to 30 June 2024.
The warrants were granted as part of an arrangement with SP Angel that reduced the cash outgoings of Empire. Again trying to keep cash burn low.
Worked out well for both parties.
ML
What a day is right!
An exact 10 bagger tranche hit today.
Who knew my 0.0108p Limit Order would produce 13 months later.
I did, that’s who.
Onwards we go as we aren’t stopping now.
https://ibb.co/hLfYTdn
ML
Just realised that last post was post 3,888
Completely unintentional but nonetheless, as you may be aware 888 is known as the angel number associated with karma. Having found EEE after learning from a lot of mistakes I always felt this share was the one for me and the meaning of 888 in symbolism is having Karma by signaling "rewards for your efforts" (look it up if you don't believe me)
As a result seeing 888 can mean great successes are ahead.
I'm taking it as a sign even though my default disposition is one of science and not a man of faith.
That post could be everything only we just don't know it yet.
That's todays spiritualism done :-)
ML
Good to see your figures match mine in general terms.
SV has said the Mcap is peanuts. I tend to agree based on the calculations only I have a reduced level of £390b based on a Jacobi interation which approximated the avg % grade titanium to 5.04%.
Again, there multiples ways of looking at this and extrapolating the data but it is 100% in the BILLIONS figures.
When SB said, we can’t even estimate this roughly as well not estimate it big enough, you know it’s not in the millions.
This SP today, next week or whatever is nowhere near the true value of what we have.
And yes, it’s too big for us to go alone but it’s also too big for tier 1 mining giants to not take a piece of the action. Failure to engage with us (BHP, Newcrest, RIO, Glencoe, Vale………the list is endless) could mean a distinct lost opportunity for any of these companies whether it’s their staple mineral or not. Mining giants need giant mineral deposits.
Ignore the noise! Lock away your shares & above all else DYOR so as to have zero regrets on your decisions.
ML
For anyone new to Empire this is the first thing you need to watch.
After that it’s up to you.
Anyone thinking the RIO execs don’t know about us now? Not on your life! RIO et al will be swarming us throughout 2024.
Directors have brought us from £3m to £50m so they are more than welcome to be compensated & incentivised to develop the company.
Anyone still thinking with an AIM type mindset needs to realise we aren’t an AIM type company now & all your historical knowledge or opinion should be left aside. We’re going to be mixing it with the big boys soon enough.
GL & well done
https://www.youtube.com/watch?v=O_EDVXAi_wY
ML
For anyone wondering!
An option grant is a type of compensation offered by companies to their employees or directors. It gives the directors the right but not obligated, to purchase a specified number of shares of the company's stock at a predetermined price (called the " strike price ") within a set period. 8.6p by 2028!
Nice incentive and well deserved in my opinion.
I was to take a break from the board, now how the hell do I go to sleep after Empire basically confirmed that we have the biggest, baddest titanium deposit in the history of mankind! That phrase isn’t in the RNS BUT IT IS TRUE!!!!
ML
Anyone who has spent any reasonable amount of time looking into what RIO are doing knows full well that they absolutely must be aware of EMPIRE METALS. Our main man on site (Andrew Farragher) left RIO to join Empire & you can be certain he didn’t leave without doing some serious investigations into what was going on at Pitfield. He’ll make his name here in my opinion & has extensive contacts directly into RIO.
I’m convinced the EEE board have had word via Andrew that RIO have been made aware & have enquired about what’s happening at Pitfield and I believe this has given SB the renewed & dramatic increase in confidence.
If my suspicions are correct, it’s only a matter of time until we get an RNS with their name riddled throughout the content. If so, this will drive us to levels above current SP, safe in the knowledge that we have their support.
https://www.afr.com/companies/mining/rio-tinto-ready-for-smaller-riskier-projects-in-green-energy-hunt-20231006-p5eafh
https://www.prnewswire.com/news-releases/western-copper-and-gold-announces-further-investment-and-entry-into-a-new-investor-rights-agreement-with-rio-tinto-301998673.html
https://www.marketscreener.com/quote/stock/RIO-TINTO-PLC-9590196/news/Rio-Tinto-focused-on-small-buyouts-to-smooth-portfolio-CEO-44474873/
Right need to take a break from here as my missus is giving me grief for not switching off on holiday. Can you blame as there were days where I spoke to myself in here waiting almost 2 weeks for a reply to a post - hilarious when I think about it (2015 / 2016)
Chat in a few days. Adiós
ML
BMN:
Nov 16 - 1.5p
Nov 17 - 8.5p
Nov 18 - 40p
EEE:
Nov 22 - 1.5p
Nov 23 - 8.6p
Nov 24 - ??p
I was in there for 4 years and missed out on £350k but I see it as the best lesson I ever learned.
Lightning will strike twice, it just won’t hit me twice!
It went from 12p back to 9p, moved up to 20p, back to 17p and moved to 31p & back to 28p, moved to 37p & back to 31p & all the way to 42p. I saw many including myself walk away and regret it massively which took some time to get over I have to be honest but I’m far more experienced and now have my plans written out (sad I know) on a day when I was fully calm & collected just so I can revert back at all stages to focus myself on the plan rather than letting emotion (fear) or ego take over. Things can move fast here so having a plan that you are fully aligned on is a little top of mine if you’ve never been in a position like this before. I assume most haven’t as opportunities like this don’t come along often.
Would be very interested to hear from any Aussie investors lurking here - would be good to have insight from that part of the world so please feel free to make yourself known. Great to have new blood & new thoughts & opinions to muse over. Good luck to you all over the next year.
ML
I don’t know anything about charts (god knows I’ve tried) but I’m always amazed at how the data can be interpreted in so many different ways via technical analysis.
This is from MajesticTrader (Chartist who I have found to be fairly accurate) “ Closed the gap to 8p today that comes from October 2009. There is another one to 15p and then another to 20p. 10p the obvious next target as that's where the lower gap support is to 15p”
Where fundamentals can be less open to interpretation I am intrigued by charts & their relevance when a company is in a rich newsflow period.
In essence, the charts tell you something but if Empire never released H2 or H3 upcoming RNS’s then how on earth could they follow what was suggested. It’s a fabulously interesting metric, but one I find very difficult to have above fundamentals for assessing my next moves on a company.
Anyway, happy to take all info where it’s being offered.
ML
Acquisition Terms:
Empire has agreed to acquire a 70% interest in three copper and/or gold Projects from Century Minerals Pty Ltd, being:
· A granted Exploration Licence (E70/5465) and an Exploration Licence Application (E 70/5876) at Pitfield;
· An Exploration Licence Application (E 16/545) at Walton; and
· An Exploration Licence Application (E 6872) at Stavely.
Century Minerals Pty Ltd, a company registered in Australia, is a private exploration company established by two well known and respected Exploration Geologists, Mr Ed Baltis (former WMC Resources and Gold Fields minerals exploration manager), and Mr Steve Hart (former Plutonic and Basin Minerals exploration geologist).
Completion is expected to occur by 30 April 2022. Total consideration for the transaction is:
a) A cash payment of A$100,000; and
b) The issue of 16,835,588 new ordinary shares in Empire (representing 5% of the issued share capital of the Company at signing) (the 'Consideration Shares') apportioned equally between each Project and issued upon the grant of the relevant Tenement comprising each Project, which in the case of Pitfield is the already granted Exploration Licence E70/5465. For the avoidance of doubt, one third of the consideration shares, 5,611,863, will be issued on the First Completion date, expected to occur by 30 April 2022. The remaining two thirds of the consideration shares will be issued in two tranches at the time that the Stavely and Walton licences are granted.
Empire has planned and agreed to spend a minimum of A$1,400,000 on exploration within 24 months of the date of acquisition, and this may be extended by a further 12 months should either the Walton or Stavely tenements not be granted within 12 months of acquisition.
Empire has also agreed to pay Century performance-based payments in the following amounts, either in cash or Shares at Empire's election:
(i) an amount equal to 1% of the Shares on issue immediately prior to Empire first announcing no later than 5 years after the date of acquisition that exploration drilling on any of the Projects determines multiple (more than 2) intersections exceeding 30% Cu metre or 50g Au metre; and
(ii) an amount equal to 2% of the Shares on issue immediately prior to Empire first announcing no later than 5 years after the date of acquisition a Mineral Resource in the inferred category or better compliant with the JORC Code 2012 exceeding 250Kt Cu metal equivalent in relation to any of the Projects,
Ed Baltis has a close working relationship with Shaun Bunn and has had a long and distinguished career in exploration and geology. Empire appointed him as exploration consultant with Louisa Stokes as part of the management team. We are fully aligned with Century.
ML
Mine are locked away with a Limit Sell at 42p (will increase that sell price as and when I need to) so that MM's cannot loan my 4,000,000+ shares out at any point.
If anyone has a strict plan of not selling for any reasonable amount of time I would suggest you do the same. The tighter the free float the better. Many people on the BMN board from way back when they went from 2 to 40p would have the same opinion as me that it certainly had an affect on the trading action back then.
If we spike 600% in one day for any reason you're laughing anyway as that will most certainly drop back 200-300% and you buy it all back at half price.
Everyone's a winner Rodney.
ML
Correct Genghis!
One thing we do know is that we will know in roughly 5 months time.
People have 2 options;
1) Do nothing and watch the SP rise and end up paying a monumental premium but of course it could also drop in SP. The upside / downside ratio is extremely favourable IMHO.
2) Buy in and reap potentially significant profits or risk losing a small % based again on risk v reward. The info out there is pretty clear in what direction it is likely to head.
Sometimes you’re lucky enough to be put in a position where an opportunity exists, but it’s not luck as to whether you seize the moment - that’s courage & conviction.
GL
ML
I know we’ve been saying for months now that we haven’t even started but after SB’s interview on Friday we can without a shred of doubt confirm that the move to fair value based on confirmation of scale & grades with this world class mineral deposit has now just STARTED.
Enjoy the ride all.
ML