Empire Metals Share Discussion Threads

[geko5trade] 18/11/2022 10:51

Looks likely after a bit of profit taking that the smart money is still buying. We'll see.

[supercity] 18/11/2022 10:15

Follow the big trades - 2.7m buy yesterday, 1m buy this morning.Little tree shake first thing and onwards and upwards.Wouldn't want to be out of this over the weekend

[1liam] 18/11/2022 09:06

Get your Spandex shorts on, deep dive coming. Wouldn't want to be here over the weekend.

[saracen3] 17/11/2022 17:53

The senile misanthrope has gone rather quiet. In denial maybe.

[geko5trade] 17/11/2022 17:47

Yes clearly buys, reporting delayed. As you say fairly chunky which generally is a good sign. They won't be looking for a 10% return!

[supercity] 17/11/2022 17:43

That's a chunky trade posted late - time of day suggests a buy.Someone throwing in 50k to buy 2.7m shares

[af004] 17/11/2022 15:09

Promising.

[geko5trade] 17/11/2022 11:24

Well that would be a start! What has probably taken place, and it's been a slow process, is a shift of the shareholder base from those who were attracted by Georgia and previous management to the new company. There was a lot of skepticism about SB (for no good reason) and disappointment that focus had shifted. Now a base is forming who see the logic of the new strategy. If positive news flow continues then, with the new shareholder base, it's less likely that there will be selling into strength. We'll see.

[daar] 17/11/2022 11:16

5p by 1st quarter 2023

[geko5trade] 17/11/2022 11:09

As I've said before broadly I agree with the argument for copper. Demand is pretty much nailed on because it's far less subject than some other metals and rare earth elements to changes/advances in technology. However I think the main thing with EEE is it is an entirely different company to the one people were investing in previously. Much of the attraction back then was the promise of a huge asset in Georgia and focussed on that many were prepared to ignore the geopolitical risks. Now there is scale, largely created by SB, but the jurisdiction in which they are operating make it a completely different animal. The only thing left from the last few years is the name.

[seanlander] 17/11/2022 09:47

Flying today, I wonder if there's a bit of a leak?

[seanlander] 17/11/2022 09:45

Closing in on 2p, tbh it should be 5p+Who knows how "giant" this can get

[bspgamer] 17/11/2022 09:34

https://youtu.be/K8COXApul_s

[bspgamer] 17/11/2022 09:32

They haven't started mining yet, they are a exploration company. Look at this YouTube video and all will be explained

[1liam] 17/11/2022 09:30

Sold this donkey at 3p. It will never see 2p let alone 3p again after they announced they're closing mines!

[bspgamer] 17/11/2022 09:29

Liam are you buying : )

[bspgamer] 17/11/2022 09:04

Love to have you aboard you are a great ramper I give you that. Just ramping the wrong share x

[bspgamer] 17/11/2022 09:04

That is funny I give you that, Liam it's not to late I'm sure you have held this before?

[bspgamer] 17/11/2022 09:03

I wonder if we will see the placing price?

[1liam] 17/11/2022 09:00

TR1 hahaha, more chance of HS2 being finished than this donkey.

[saracen3] 17/11/2022 08:38

From Manlord on LSE

orget the short-termWed 17:16
and focus on the long-term.

Been doing a huge amount of research since the GIANT copper resource news and have firmly decided their is only one primary investment case. Might not be the safest investment strategy, however, I've been loading up and here is the reason why.

Demand has dramatically increased and the fundamental story for copper in the long-term is an extremely positive one. Copper has played a huge role in the world economy for generations due to its use in many day to day industries and with it being recyclable only 12% of all copper available has been mined to date. It's the new oil and I believe prices could reach $20,000/Tonne within the next 3 years. It is the single best conductor of electricity known to physics as well as the periodic table and if we are to electrify the world and decarbonise, copper will be needed in abundance. The climate agenda as I'm sure you have seen has been pushed heavily and with the media narrative strongly behind that agenda you can be sure 95% of the population will believe what they are told & buy into that narrative further pushing the demand for sustainability (whether you believe in climate change or not).
Electric vehicles and decarbonisation are the two main drivers and cannot be increased / reduced without copper and taking a cyclical view on this, now is the time to position for a copper bull market. These demand drivers are predominantly via green-tech but there are so many more applications which copper is also critical for.

Have you heard of Dr.Copper? I hadn't either but essentially commodity traders & economists view copper as having a Phd in economics, i.e. it is a barometer for economic activity so in that sense it's a marker for economic growth but it doesn't always follow a set pattern, but it's pretty accurate. Economic activity up = copper prices up and vice-versa.

Brace yourselves for a green energy revolution, new power grids using solar, wind, water feeding electricity into copper wires. EV's need 3.5 times the level of copper than an ICE vehicle to produce - think about that as decarbonising becomes a primary agenda for all world governments!

Conventional energy requires about 1 metric tonne per megawatt of generating capacity whereas renewable energies are 4-6 times that level :-)
Solar installations have an even greater need with 9 times that amount needed. As we move to decarbonised economy we are replacing C in the periodic table with Cu.

What does this mean for us, well higher copper prices mean majors will look to break ground to extract copper given a bigger payoff in doing so, or take if from a proven resource (Pitfield). This is great news for Empire and the main investment case here. I wouldn't get bogged down with daily, monthly share price fluctuations as they are inconsequential to the bigger picture.

If you think we do have a giant resource, buy buy buy as it will be sold sold sold at multiples of current ask.

[bspgamer] 17/11/2022 08:29

Big buys coming through, looks set to go much higher

[geko5trade] 17/11/2022 08:26

I don’t see much resistance around the 1.5 level. Something around 1.9 maybe but only real significant level looks like around 2.5. That would take more positive news and volume. After that anyone’s guess. Still early days but clearly attracting interest. Deservedly IMO.

[bspgamer] 17/11/2022 08:24

TR1 will have to be announced who ever it is, could it be Directors ?

[seanlander] 17/11/2022 08:18

Agreed, big chunks are being swallowed up. I wonder if packwood is loading up again??