Empire Metals Share Discussion Threads

[geko5trade] 23/2/2021 15:44

At this rate we could buy it ourselves!

[saracen3] 23/2/2021 11:47

Really vulnerable to a takeover before a new CEO is appointed.

[geko5trade] 23/2/2021 11:38

I bought a few more but I can assure you eyes wide open saracen3! You seldom see a project de-risked to this extent at this kind of MC. I understand the issues that were caused by Struthers moving to non exec but he's continued to steer the company and sentiment will likely change with a new CEO. The opportunity here ought to attract someone very capable. Any favourable outcome from Georgia and sentiment could change fast. We'll see.

[saracen3] 23/2/2021 10:28

JORC in weeks, production and cash flow this year, a new CEO,and sale of Georgian assets, all for £11m due to its disappointing history. You don't often get golden opportunities of such market mis-pricing as this.

Close your eyes and buy. When traders see the selling has dried up the herd will pile in.

[saracen3] 23/2/2021 07:23

Podcast Interview (Link below)

Empire Metals’ director Mike Struthers was most surprised at the muted reaction from the markets to one of the company’s most confident investor updates regarding the potential of its Eclipse gold project in Western Australia.

While some investors are spinning out of precious metals and joining the ‘gold rush’ of cannaboid and cryptocurrency equities, their short-termism is overlooking the long term potential of Empire’s new direction.

“Each time we put another hole in we extend our understanding and build some more confidence,” says Struthers who with untypical zeal adds: ” Six metres at five and a half grams and three metres at five grams; I mean good lord these are very good grades.”

These grades are so close to surface that Struthers calculates there’s virtually no strip ratio with possibly only five metres of surface material to remove resulting in a “very attractive open pit scenario.”

The company is also seeing evidence of increasing gold grades at depth, but the near term goals are to collate and publish compliant resource estimate and pit optimisation data. Those may come within weeks. This week’s news though focussed on ministerial consent and the closing of Empire’s acquisition of a 75% interest in Eclipse.

Concurrent to compiling the above, Empire is deep into the recruitment process of finding a new chief executive; someone with experience in gold mining and Australia who can lead the company as it transitions from a Georgian to a majority Antipodean gold explorer.

Ahead of an appointment being announced, former CEO Struthers continues apace: “We’re in discussions with groups about booking slots for toll milling. These toll processing facilities in the region get booked up so we’re already considering booking a slot.”

And fo those who don’t know what toll milling is about, quite simply it’s an arrangement where another organisation will process raw materials or semi-finished goods on your behalf because they have the expertise to do it better than you.

Here Mike talks to Sarah Lowther about how wide a pit could be at Eclipse and how deep the company could push it depending on results to come and calculations to quantify.

hxxps://total-market-solutions.com/2021/02/empire-metals_february-2021/


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BlackHopper


Posts: 3,319


Price: 3.50


No Opinion


RE: GoodMon 2

[2prsimo] 23/2/2021 07:16

They're certainly not hanging about; and a new ceo is inbound and booking slots for toll milling. Wow. It's just too cheap down here. Ridiculous.

[burtond1] 23/2/2021 07:03

Golden Grades for @Empiremetalsltd "...I might be muted in the phraseology I use but these grades are really good intercepts for Empire..."Here, after recent news flow, #EEE Director Mike Struthers catches up with @copytaster and expands further..https://total-market-solutions.com/2021/02/empire-metals_february-2021/

[1liam] 22/2/2021 23:21

When pubs finially reopen your be lifting shirts quicker than a rat up a drain pipe.

[bspgamer] 22/2/2021 22:41

Fruity your late tonight sweetie pie x

[5trelok] 22/2/2021 22:21

VERRRRY savvy acquisition completed by Mike Struggles. lol

Apparently the finders fee was split between Marty McFly and Doc Brown - they just forgot to mention that they discovered it when they were visiting Kalgoorlie in the 1890s!



Sadly, the shares will be suspended...


5t

[bspgamer] 22/2/2021 20:43

Fruity Kev will take pleasure in that one pmsl

[2prsimo] 22/2/2021 20:32

He's got enough problems with Eurasia chaps, leave him be - he'll need all the help he can get there - a very slow and painful bumming is on the cards with that one.

[saracen3] 22/2/2021 19:32

I honestly believe that the negative posting here is so poor to be counter productive.

[apfindley] 22/2/2021 16:09

Liam.If you have a spat with another poster try to keep it over there. Otherwise you may end up writing things you may later regret....taking note of the many false and libellous things you wrote in that previous message.

[geko5trade] 22/2/2021 15:36

'the assey reports...' Have you invented a new corporate body?
As for the assay results they indicate, as Struthers says, a move in the short/medium term to a profitable open pit operation.

[saracen3] 22/2/2021 15:35

Slanderous rubbish from an attention seeker.

[1liam] 22/2/2021 15:20

Published:  February 19, 2021 12:11BloombergNew York: Gold entered 2021 with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its worst start in 30 years.Bullion for immediate delivery dropped to a seven-month low on Friday, and futures also declined, deepening a slump and falling through a support level that analysts say could portend further losses.The metal, which surged last year on pandemic-induced haven buying, low interest rates and stimulus spending, has dropped more than 6 per cent in 2021, the worst performance on the Bloomberg Commodity Index. It's suddenly facing a host of unexpected stumbling blocks.https://gulfnews.com/business/markets/bitcoin-and-not-gold-is-getting-investor-momentum-behind-it-1.1613723156593

[1teemore] 22/2/2021 10:27

Struthers was a very highly regarded person in his profession-straight talking and very competent, so surprised if anyone who knows him has any issues.

[geko5trade] 22/2/2021 09:53

I'm not concerned about the current arrangement as I'm convinced that Struthers can give more than enough guidance. He's incentivised to do so particularly having previously taken salary in shares,(I'm saying that from memory but I think that's the case.) I suspect that when another CEO arrives that will be when we learn about other acquisition targets.

[iloveit] 22/2/2021 09:26

Prices was Oct 03 2017- 25.375p

[iloveit] 22/2/2021 08:46

This share rose very quickly when it was named Noricum Gold .The CEO then was exciting for the company what are the chances of stepping up to take the role again?

[avsome1968] 22/2/2021 08:45

Least JULU deramping didn't work suggest filtering him not a believer here.