Empire Metals Share Discussion Threads

[smackeraim] 23/8/2021 11:11

Well, Menzies owner opted for some payment in shares for resource. At 2.2p. So can't be bad buying under him

[1liam] 23/8/2021 11:10

The bad news:After declining in 2019, global gold production was adversely affected by the Covid-19 pandemic in 2020, whilst suspension of expansion works and contractions from mines nearing closure also added to the decline. Overall, output was estimated to have declined by 5.2% to 108 million ounces (moz).The good new:Looking ahead, gold production is expected to increase in Q3 of 2021. Canada, Indonesia, Australia, Peru, and the US will be the key contributors to this growth. Combined production in these countries is expected to have a significant recovery of 113.9moz in 2021 and grow to 124.1moz by 2024 – a 2.9% CAGR.

[1liam] 23/8/2021 08:18

Gold poised to glitter again. https://moneyweek.com/investments/commodities/gold/603601/gold-is-poised-to-glitter-again

[shares188] 22/8/2021 14:10

1.8p hit.
I think a bounce could happen,
back to 3p

[stanleyuk] 21/8/2021 17:16

It’s not the MM’s that need a psychology specialist, it’s the BOD that need to see a PR specialist.

It’s getting tiring to watch the constant drip down, while Shaun and the gang sit silent and let it happen.
Regardless of the asset quality, the management of the Company is one of the worst I’ve seen on a junior miner / explorer.

It’s says something when I long for the days of Mike’s understated excitement, and his repeated statements that we have a small mine. I’d take this over Shaun’s silence any day.

Unless we see changes in the next 6-8 weeks, I think Mr Bunn will have a rough ride at the AGM.

[investoroilandgas] 21/8/2021 11:47

I wonder whether Market Makers have ever engaged the services of a psychologist? I get a sense of the MM's playing mind games with PI's to test their resolve. Lower the bid, then lower the bid a bit more to shake out a few nervous holders.
I'm going to ponder my next move.....Stick or Twist.
GLA.

[1liam] 20/8/2021 14:17

Central Banks Buying Gold, so Gold Prices Might Not Remain Low Much Longerhttps://www.lombardiletter.com/central-banks-buying-gold/33609/

[1liam] 20/8/2021 13:38

Central Banks Buying Gold, so Gold Prices Might Not Remain Low Much Longerhttps://www.lombardiletter.com/central-banks-buying-gold/33609/

[bspgamer] 20/8/2021 13:33

It certainly is

[turbotrader2] 20/8/2021 13:18

This is getting tedious

[1liam] 20/8/2021 13:05

Moneyweeks Dominic Frisby says hold gold:lnsuring your portfolio could prove lucrativeGold has had a grim year, but the backdrop for the traditional safe haven and store of value remains auspicious. There is scope for the price to jump by 30%-40%. We want gold going to $2,500 and gold stocks trebling and quadrupling. "The gold price "should" be going up. It "should" be two or three times higher".

[investoroilandgas] 19/8/2021 17:59

Thank you and ditto.
I need the share price to more than double now (which I hope it will) to sort the problem out with my Trading Account EEE shares, I bought too many Noricum Gold shares in 2011 - 14, lesson learned!
I have bought a few EEE shares recently for my ISA's & SIPP in the 2.0p range. Good luck to all EEE shareholders.
PS - What a pleasure to post here, my oil stocks are plagued by some unsavoury characters.

[napoleon 14th] 19/8/2021 13:13

hxxps://www.share-talk.com/empire-metals-ltd-eee-l-drilling-to-commence-central-menzies-gold-project/#gs.9b8ndb

[smackeraim] 19/8/2021 12:41

General market weakness and somebody selling a few could be giving a decent entry if you are prepared to hold for a few month imo

[smackeraim] 19/8/2021 12:38

Nice buy investor. Menzies only has a 9 month option, which they're. roughly 3 months into. So it needs drilled - results back and bought (from cash reserves and 2.2p shares to owner) if grades are like historical, before end of year.

[gta5] 19/8/2021 11:23

Best of luck Investor, (hopefully) not a bad price to do so!

[investoroilandgas] 19/8/2021 10:23

I have decided to average down in my trading account this morning, bought @ 2.0p.
I see there being limited downside from here, clearly I'm hoping for significant upside following issuance of results next month.....fingers crossed!
GLA.

[gta5] 19/8/2021 10:14

well, there you have it... we got the "new exciting drill programme" i.e. jam tomorrow update re Menzies.... And nothing wrong with that. Good to see it moving ahead at pace. However, reading between the lines there isn't that much to write home about from Eclipse. (yet? or at all?)

I expect this to stay at or below 2p until Eclipse results are clear. Menzies is months or a year away from clarity....

GL,

GTA

[iloveit] 19/8/2021 07:38

More teaser news then as nothing but bla bla bla to come .Luxury lifestyle as shareholders foot the bill and wages as usual.25p+ hopes again are long gone here .Dyor but years of hype and still no production.

[smackeraim] 19/8/2021 07:37

Cracking historical grades. fully cashed up with $3.2m from sale of legacy asset. Absolute bargain down here.

[turbotrader2] 19/8/2021 07:22

Nice update

[1liam] 18/8/2021 15:49

Palantir Technologies (NYSE:PLTR) just made headlines due to their purchase of $50m in gold. Why on Earth would this barbarous relic of the Stone Age be of any use to anyone in today's world of Bitcoin which doesn't exist and no one really knows where it came from? Well according to Palantir, they are hoarding gold bars in anticipation of another "black swan event," Palantir has spent $50m purchasing the yellow metal.So who are they, and why is this headline news? Well Palantir provides software to intelligence and defence institutions; however more interesting and relevant is now the company has invited its customers to pay for their products using gold. A la Elon Musk and Bitcoin, instead using the thousand year old most recognised currency.This is significant for many reasons:Firstly Palantir is a big, acclaimed name that is putting it out there to the world that they still see gold as the ultimate risk hedge. (They didn't spend $50m on the yen, dollar or Treasuries – the traditional go to "safe havens")Secondly, it shows that that gold has many other accolades, and can be versatile enough to be used as a currency. Many companies have embraced investment backed by actual physical gold, turning it digital and not the hugely leveraged unallocated paper market that is about as real as Bigfoot sightings in the Sahara Desert. Kinesis Money for example give you all sorts of flexibility for digital and online purchases all backed by physical in the vault allocated, real gold and silver.Thirdly, and possibly more important of all, it has kicked off an opposing payment method to fiat currency by using a tangible asset. This isn't new of course, as many years ago people were able to purchase property and many other items using physical gold and silver. No big organisation in recent times however has accepted physical gold as a payment method. Legitimately of course.What will be interesting is whether this is followed through as an idea, and how many other companies are willing to do the same. Given the price volatility in Bitcoin, it doesn't seem to have detracted other organisations, with gold however relatively cheap in real terms right now, I'm not sure I would want to use mine at present when in a few years' it could be worth a lot more.

[1liam] 18/8/2021 15:29

Mining and especially PGM mines will be back in favour in the coming weeks ahead.