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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125 -9.8% 1.15 1.10 1.20 1.275 1.15 1.28 909,036 16:25:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.0 -0.3 - 4

Empire Metals Share Discussion Threads

Showing 4026 to 4049 of 4625 messages
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DateSubjectAuthorDiscuss
20/5/2021
12:19
GTA5, I don't really understand your point about risking the exploration cash. Yes it is a risk but they are an explorer and that's what explorers do. They need to expand beyond the current projects and that seems a reasonable way to do it. I agree it would be better if they had cash from Georgia but they clearly aren't in control of that timeframe and they can't just sit on their hands waiting for a resolution on that front.
geko5trade
20/5/2021
12:14
So why does the share price fall on a good RNS??
shares188
20/5/2021
11:22
Saracen; how to you deduce that? The way I understand the situation, If the Candelaria offer is accepted, Empire get Candelaria shares, and only if development milestones are hit. Likely both the shares and possible milestone clauses have serious time implications. (not that I mind, but unlikely to help EEE to cover cash needs in 9months from now?)
gta5
20/5/2021
11:15
Candelaria likely to fund Empire through Menzies drilling campaign.
saracen3
20/5/2021
10:40
Don't you just love a "Good News RNS" day.
davetedjack
20/5/2021
10:31
Great stuff, but yet again we're sidetracked into a new project without having concluded previous ones. It smacks of "look!, squirrel!" tactics. Anyway, as noted before 6K AUD in Eclipse won't do, and unless the other targets prove larger scale they are left with nothing of interest and a cash burn with no one to feed it. Enter "Central Menzies" yey... So, 350K AUD to play. (no ownership, just to own the option to play. 100% risk) 500K spend pledge to prove it up in 9months. (no ownership, 100% risk) 3M to acquire 75% of it. That's about 3.85M AUD. 30% of that (850K) is pure exploration risk. (If we don't find anything we've done the work for the owner and walk away without anything) Most of the 3.85M is paid in future share placings (Likely to hold the share price down for some time to come.) I'm all for new ground/projects, but it strikes me as expensive as 100% unexplored? Random nuggets as proof that "its prospective" is a dangerous game.... Just saying. This could have looked sooooo much better if it were anounced at the same time as Georgian partner paid up for our share.... GTA. (Edit, updated amounts to 3.85M AUD total)
gta5
20/5/2021
09:10
No! Probably a resolution for Georgian assets would clear the air but I'm still in favour of the current policy longer term. Develop assets in secure areas where they have control of the projects.
geko5trade
20/5/2021
08:59
Once again the blue didn't last long.
davetedjack
20/5/2021
07:35
Looks like a good fit. Exactly the way I'd like to see the company developed. It would be nice if money came in from Georgia but in the meantime acquiring and developing assets in the relatively safe areas where they have knowledge and expertise is the way to go, imo.
geko5trade
20/5/2021
07:26
Eee deliver the goods. Another interesting project!
lukewarner222
20/5/2021
07:03
Wow great rns. Things just got interesting!!!!
lukewarner222
20/5/2021
06:41
Paulie, Good stuff, sounds like another interesting acquisition in WA, 700m of RC previously completed which hit gold (to be confirmed by the company). Sounds like its highly prospective to a potential decent hit. Old high grade workings on the licence areas. Selling those Georgian assets would speed these along, but nice to see the new guy make an acquisition already. Regards, Ed.
edgein
20/5/2021
06:35
Happy with that RNS. Clearly finds from Georgia would have been better used than dilution but we aren't there yet with the sale. Looks like a very tidy project in a very prospective area. Good news
pauliewonder
19/5/2021
13:46
CEO has not even started yet and this is falling... not great., however the news of getting a decent MD is a great achievement in its own right and lends a bit of credibility to EEE. Now we just need to extract "some" value from Georgia, wether it's cash or shares we need it to move, as we're running out of runway with dwindling cash reserves... and lets face it; 6K ounces is not much to write home about. Keen to see that upgraded urgently.... GL, GTA.
gta5
19/5/2021
12:46
Won't be for long, we have new CEO. The gold is on the up and plenty of news due
bspgamer
19/5/2021
12:45
Bitcoin fall causing sell off and margin calls.
saracen3
19/5/2021
12:38
See appointing a new CEO has really kicked started the recovery Perhaps he needs a little more time.
davetedjack
18/5/2021
23:04
Is this ever going to get its backside in gear!!! Always late with any updates!!
shares188
17/5/2021
12:01
I agree Georgia is very frustrating but to my mind the debacle demonstrates that it's the right decision to get out. I'd rather now than when the project has had further investment. I think it's best to value EEE just according to the Aus projects and if we get something from Georgia it's a welcome, and possibly a very valuable, bonus.
geko5trade
17/5/2021
11:52
thanks Geko... Agreed, but it's just that Georgia has dragged on for quite some time since Candelaria made their offer. Every day that passes without resolution is testament to problems. (I'm guessing that the ministry of mines in Georgia is the one not playing ball and this benefits the Russian partner as they're in no rush to pay anything for the 50%.) As far as I can tell the offer from CAND is generous, but also conditional on milestones that are unlikely to be achieved unless the ministry and partner both play ball. So no risk offer in other words. Anyway, great news with new MD, no complaints there! I hope the next RNS is a more substantial JORC resource and any progress on GEO... GL, GTA.
gta5
17/5/2021
10:47
GTA5. Just as they seem to have made a good choice re the new man they won't sort Georgia out by rushing it. If they work to the trader's timeline it won't help. Supper's ready when it's cooked I'm afraid!
geko5trade
17/5/2021
10:45
2 price monitoring sessions suggests an imbalance of orders which I take to be more buyers than sellers.
saracen3
17/5/2021
10:37
Shaun seems like a decent enough choice. Should be enough hands-on to drive this forward to production. Well done to get someone of caliber to join EEE. Now just crystalise Georgia with either $$$ or Candelaria shares, just do it! Onwards and upwards.... GTA.
gta5
17/5/2021
08:54
Wonder who was in charge when it took off to 25p+ .Maybe it's ready for same price rise again.
iloveit
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