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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Empire Metals Limited | LSE:EEE | London | Ordinary Share | VGG3036T1012 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.06 | -0.77% | 7.70 | 2,637,307 | 12:43:25 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 7.40 | 8.00 | 7.75 | 7.50 | 7.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | -1.16M | -0.0024 | -32.08 | 37.91M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:27:55 | O | 600 | 7.848 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/4/2024 | 12:51 | ALNC |  Empire Metals decides not to purchase Stavely project in Australia |
| 26/4/2024 | 07:00 | UK RNS | Empire Metals Limited Stavely Project Update |
| 25/4/2024 | 16:00 | ALNC | EARNINGS AND TRADING: ECO Animal revenue up; Zephyr starts drilling |
| 25/4/2024 | 07:00 | UK RNS | Empire Metals Limited Drill Results Confirm Widespread High-Grade TiO2 |
| 18/4/2024 | 14:26 | ALNC | Empire Metals completes phase three drilling at Pitfiled, Australia |
| 18/4/2024 | 07:00 | UK RNS | Empire Metals Limited Drilling Successfully Completed at Pitfield |
| 17/4/2024 | 12:21 | ALNC | Empire Metals simplifies ownership structure of Pitfield joint venture |
| 17/4/2024 | 07:00 | UK RNS | Empire Metals Limited Pitfield Project JV to Include All Minerals |
| 27/3/2024 | 18:47 | ALNC | TRADING UPDATES: Empire Metals targets key milestones in Australia |
| 27/3/2024 | 07:00 | UK RNS | Empire Metals Limited Pitfield Development Plan |
Empire Metals (EEE) Share Charts1 Year Empire Metals Chart |
|
1 Month Empire Metals Chart |
Intraday Empire Metals Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/4/2024 | 07:56 | EMPIRE METALS 2024 - An Unprecedented Discovery | 565 |
| 26/4/2024 | 16:39 | Empire Metals "Be Careful Now" | 2,319 |
| 25/4/2024 | 08:57 | EMPIRE METALS 2023 - MAJOR DISCOVERY ON A GLOBAL SCALE | 10,675 |
| 25/3/2024 | 08:18 | New Name hopefully better end game | 79 |
| 25/3/2024 | 08:17 | SEE IT's A SPOOF | 1,027 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-26 15:27:56 | 7.85 | 600 | 47.09 | O |
| 2024-04-26 15:23:57 | 8.00 | 27 | 2.16 | O |
| 2024-04-26 15:20:14 | 7.57 | 21,331 | 1,614.97 | O |
| 2024-04-26 15:16:47 | 7.92 | 4,419 | 349.98 | O |
| 2024-04-26 15:13:20 | 7.64 | 22,334 | 1,707.21 | O |
| Top Posts |
|---|
Posted at 27/4/2024 09:20 by Empire Metals Daily Update Empire Metals Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker EEE. The last closing price for Empire Metals was 7.76p.Empire Metals currently has 492,364,368 shares in issue. The market capitalisation of Empire Metals is £37,912,056. Empire Metals has a price to earnings ratio (PE ratio) of -32.08. This morning EEE shares opened at 7.50p |
Posted at 27/4/2024 00:57 by gta5 Cevodniya,This is the eternal problem where the BOD and the shareholders interests diverge; For the BOD and execs at EEE the natural interest is to build up a successful career and personal gains and grow over the years with the maturing company, to extract value from building it up through growing salaries, benefits, golden retirement plans, share options, bonuses.... etc....where for us, the shareholders, we might well prefer a straight and quick sale of the project to a larger company that can take over the proven asset at a premium price for the asset, with minimum overhead or delays. Now I do have faith in SB to look after both sides of this coin, and he does not strike me as someone that would ignore shareholders interests, but it is a discrepancy in interests that happens in the best of listed companies. Back to EEE, I think the issue here, as far as I can tell, is that Pitfield specifically is a really binary bet, where its only worth something -IF- the process -at scale- can be proven. I don't know of any player at this scale investment that will part with say £1BN(?) takeover on a "maybe viable Titanite project", before they have to drop another £1BN(?)to build the plant to actually produce it. Hence SB's need to have the drums to show.(as test tubes from a lab wont cut it) Having said that, I do think that there are happy compromises where we can get to demo-plant with modest dilution (especially with R&D grants and loans from Aus Gov) But once there, the bids should be coming in thick and fast from the majors to take over the show. (Alternatively a huge loan would do, but unless heavily subsidised by Govt. I can't see anyone handing over that kind of money to a tiny company, especially one that has to shoulder 100% of the cost until production, but only 70% ownership to negotiate with) I'd like to see a sale as soon as practical, but realistically; I'd hope for incremental good lab/permit/process news in waves until september, a recovering share price in the teens, a raise of £10-15M and a subsequent generous loan/grant from WA to get the R&D and demo-plant up and running in mid 2025. If we can get to that point in 2025, a major should be able to offer a significant premium once they see the drums of finished product of a working process. Normally a major would want full ownership, and the 70/30 isn't helping us, especially once the costs to get to full scale production become clear. My thoughts on takeover price are that they will be very close to the perceived comercial attractiveness of not the final product, but the processing cost to produce it. The more de-risked the better. If they have 5 gazillion tonnes of TiO2 at Pitfield, it doesn't help us if the cost to extract it isn't clearly attractive. So for me the question about actual scale is quite far down the list. At the top of it is the process cost closely followed by how shrewd and aligned Shaun (and the BOD) is with PI interests.... At the moment I hope for a Mcap of £500M-£1BN if this lives up to the hype and all the stars align in the next 12months. Say £1BN value, as a best case. Why? well, because it seems to match other stellar rises of explorers that have struck it lucky and proven up very large finds, just like GGP and similar? At that point maybe we got 1-1.5BN shares in issue by then(?) so, 70% of that gives £700M= 50-75P/Share or thereabouts? (A takeover offer could be at a premium of that share price .. say 75-120p?) -Of course, it's all pure speculation. Why not £2BN, or £5BN, £10BN value if the NPV really is there?.. well; it will all depend on how much of a slam dunk that processing cost really is, how much a demo-plant really will cost us (time/money/dilution I would assume a 50-50% JV with a major would be another jackpot outcome, where existing pitfield project (70-30) is shared 50-50 with a partner to take it to full scale production and operate it going forward, but it would (reasonably?) require dilution from both EEE and Century rather than just EEE...... Pure speculation on my side of course!, mixed a lot of my wishful thinking... but hey, Time will tell! GL, GTA. |
Posted at 26/4/2024 12:57 by gta5 It'll be a lot better received if they manage to share reassuring info on processing and lab results.Giving xxx Billion tonnes resource estimate will be met with a "meh" if they cannot convey certainty (or at least high probability) of commercially viable processing. I have no doubt that our BOD knows this is the "winding path" that Shaun alluded to in one of his Crux Investor interviews. They need to get the buzz going to get that re-rate in share price to be able to raise fresh $$$ to be able to have credibility for a AUS Gov loan/grant for the research and demo-plant.... I expect a flurry of interesting and well-timed RNS's to manage all this, and hopefully get the share price back into the teens before raising any further working capital. Exciting times ahead. (And what a nice top up price in the meantime...) GL, GTA. |
Posted at 17/4/2024 07:17 by bspgamer Empire Metals Limited / LON: EEE / Sector: Natural Resources17 April 2024Empire Metals Limited("Empire" or "the Company") Pitfield Project Joint Venture Agreement to Include All Minerals Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce that the terms of the Joint Venture Agreement ('JV') covering the Pitfield Project in Western Australia ('Pitfield' or the 'Project') have been amended to include all minerals discovered within the Project tenements. Under the revised terms of the 70% Empire and 30% Century Minerals Pty Ltd ('Century') JV, there are no exemptions or other separate mineral rights applying to Pitfield. The consolidation of all minerals under the one JV simplifies the ownership structure and eliminates the potential for multiple parties to be working on the same ground, exploring for different commodities and allows for the continued rapid development of Pitfield. Highlights · Under the original terms of the Sale and Purchase Agreement (dated 6th April 2022) Century retained 100% of the rights to Mineral Sands and the JV retained 100% of all mineral rights to any and all bedrock mineral deposits, inclusive of titanium minerals. · Although both Empire and Century have made it clear that the titanium mineralisation discovered at Pitfield, hosted within the bedded sedimentary bedrock, was not classified as Mineral Sands and thus formed part of the existing JV property, the consolidation of all minerals under the JV prevents other potential third parties in the future from exploring for other minerals and allows for the continued and unencumbered development of Pitfield. · Under the amended agreement, Empire has secured a redefinition of rights at the Pitfield Project, to 70% of all minerals present regardless of their physical or chemical nature, for a consideration of A$250,000 (approximately £129,000). This investment is aimed at continuing to create value for all shareholders. · The consideration will be funded from existing cash reserves and will not impact the Company's strong financial position and fully funded work programmes. Ed Baltis, Century Director and Major Shareholder, said: "We always held the view that Pitfield had the potential of becoming a world class mining project and we are delighted with the progress that is being made towards that goal under the stewardship of Empire Metals. The fact that the titanium-rich mineral system discovered at Pitfield is not a mineral sands deposit was never in question, and both Empire and Century have worked together to first explore the extent of this extraordinary mineral system and then to identify geological controls that define the higher grades. The consolidation of all minerals under the JV was a logical and strategically important next step, one that supports Empire and allows them to focus on unlocking the inherent value of this huge titanium-rich mineral system." Shaun Bunn, Managing Director, said: "I am extremely pleased that, in collaboration with Century, all minerals discovered at Pitfield will be owned by the JV in which Empire, as the 70% majority owner, acts as manager and operator. This not only simplifies the ownership structure it also removes any perceived ambiguity in relation to distinguishing the difference between bedrock hosted titanium minerals and surface mineral sands. We have a great working relationship with Century, whose principals have personally assisted our exploration team in planning and executing the field work to date." |
Posted at 06/4/2024 19:18 by klosters65 Has Shaun Bunn said anything about getting EEE onto the Aussie Stock Exchange? Would surely give the share price big boost. |
Posted at 03/4/2024 15:15 by apotheki BSP, have you seen the share price move from EEE so far today? |
Posted at 28/3/2024 14:45 by master rsi NOW THE SHARE PRICE WANTS TO GO PLACESMany will be happy for that and just before Easter 6.90 v 7.20p |
Posted at 25/3/2024 12:40 by geko5trade lean5gb, I’m not following exactly what you’re saying but I would say that people have their own strategies and if it works for that individual it works. One of the hardest things is to maintain discipline and set emotion aside.I’m talking about navigating investments in illiquid AIM stocks and why such stocks are most subject to campaigns of negative sentiment. EEE has had an extraordinarily rich period of positive news from drilling results, appointments, grants and recognition, investment, option prices that would normally indicate the likely direction of travel, the list goes on. The share price has not responded positively in the short term. You could argue it’s all in the price though it appears that it is responding to an ill founded negative campaign. Articles of questionable relevance, a strategy of destroying threads, and so on. I’m just using my experience to think of why this would happen when by most metrics, even for AIM, the price would be supported. But it happens and sometimes it’s as simple as PI’s selling, the price drops, and then the PI’s say ‘look there must be bad news because the price is falling so better sell some more!’ They pat each other on the back and then, guess what, the tide turns!... |
Posted at 25/3/2024 11:32 by geko5trade Smart48, very much agree with the majority of your post except the phrase, ‘the vast majority of incumbents in this space want this to fail.’ I also agree with quite a lot of Bspgamer’s comments except that I don’t see this as a very liquid stock (though AIM I agree is an important factor). I put the two comments together because it is possible to put the lid on the share price with a relatively small amount of selling (in overall market terms) precisely because it is illiquid. If someone knows there’s a seller about and they get a negative sentiment running that sucks a few people in quite an effect, short term, can be gained. Think for example of those who bought on the new year tip. They probably knew nothing about the company and did close to zero independent research. Those kind of purchases tend not to be firm hands. There are a number of PI’s who are trading the momentum with all or part of their portfolios. This adds to volatility and depressing the effects of positive news. Then there are those who talk the price up whilst selling into strength. I’m not criticising anyone’s personal strategy by the way (though I wouldn’t want to be on a long voyage with those who gloat and talk the stock down after talking it up!). It is tough to remain objective with all this going on but the best bet is to follow the underlying value and the real science over sentiment. |
Posted at 25/3/2024 11:04 by smart48 Potential catalysts to achieve improving share price.Government grants or cheap loans to facilitate, drilling, research, construction of a demonstration plant. Even better grades discovered in the most recent drilling program. Discovering something other than Titanium that is economically advantageous. Buying by BOD or current major investors. Positive news from laboratory testing. Indication that processing the ore, is relatively straight forward, and high quality products can be produced, at a healthy margin at scale. Australian government highlighting Pitfield as a possible major producer of a critical mineral, stating its desire to aid production and processing. Even including being a producer of Titanium metal. Think Aus/ US / UK defence contracts. Australian buying on rumour/talk of any of the above. Institutional buying, if there is a strong route to market proven. Industry buying, getting an early foot in the door. News on Century Metals, swapping their 30 % of Pitfield for equity in Eee. Thus simplifying any future negotiations. J.V with industry heavyweight. Early takeover attempt. Sellers run short of stock. Sustained buying on any positive news flow, especially as the project gets wider coverage. Remember all incumbents in this space want this to fail, expect misinformation and dirty tricks. We have a massive resource, IF/WHEN it is proven or otherwise to be economically exploitative will determine if the share price slumps to 1p or soars much much higher. I consider the potential reward currently outweighs the risk, considering the team that as been assembled and their reputation/ track record in the industry. DYOR GLAH. |
Posted at 21/3/2024 15:57 by lee181067 Can I ask two things 1. Is there a new EEE board being set up as some people seem to allude to one 2. Is the share price down so much due to concerns over the CEO or short term holdersI am just confused as to why such a steep dive and concerned over future direction TIA for reasoned responses |
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