Empire Metals Share Discussion Threads

[juju44] 27/10/2020 09:29

That was a nice turnaround . Maybe party not over

[csjcsl2] 27/10/2020 09:24

well..i am in chaps good luck all

[seanlander] 27/10/2020 09:18

Blue finish!!

[seanlander] 27/10/2020 09:15

Was a big tree shake! Mms desperate!

[bspgamer] 27/10/2020 09:10

Here they come boys, our shares in Canadian company up 10% overnight so the value of our holding goes up!!

[seanlander] 27/10/2020 09:08

Here come the buys! Watch it bounce!!

[seanlander] 27/10/2020 09:01

Nice little 50k top up at bargain prices! I'm holding tight onto my stock! Drilling news on its way!!

[juju44] 27/10/2020 08:54

Oh dear . Party over and back to the old days

[seanlander] 27/10/2020 08:48

It's the churn. We have to have red days to fuel the blue ones! Mms stacking up shares cheap ready to sell them on the next good news...could be a very different story in 2 weeks!

[enewman36] 27/10/2020 08:45

I mentioned it last week on the Telegram group, the moment we touched 5p there was a seller who appeared which has dragged us back daily, once cleared we will move back up, but there are not enough buys to hold it while this person is dumping unfortunately

[seanlander] 27/10/2020 08:42

This time next week will be interesting. A good top up opportunity in my mind!

[csjcsl2] 27/10/2020 08:37

inside info works both ways bspgamer..if we start seeing sizeable buys going through then could be good news on its way.and i am not trying to ramp

[seanlander] 27/10/2020 08:36

Look at that chart! Primed to bounce back to 4.5p this week! Sawtoothing up nicely! Can't wait for drilling news!!

[bspgamer] 27/10/2020 08:34

You are a serial deramper

[bspgamer] 27/10/2020 08:33

Who would be selling so close to news, they are drilling a gold mine for Christ sake!!!

[csjcsl2] 27/10/2020 08:14

keep an eye on trades next few days..inside info..few sizable sells this morning..

[edgein] 27/10/2020 07:54

Saracen,

I agree with that summary, great post! This derisks EEE and adds the upside of exposure to Mexican gold. If all things remain similar (in particular CAND's share price) EEE could end up with circa 10% of their company. Focusing all of EEE's money on ozzy gold is a big plus given market sentiment as Cash pointed out. If EEE land another high grade/Au/pgm or even copper licence all will be forgotten with Georgia. In the mean time Eclipse assays will be on the horizon soon. That's a very interesting point that because of the location then there could be toll processing of Eclupse ore and no need for processing plant. At the current gold price that could still be very lucrative to build significant early cash flow. But first things first, lots of shallow drilling with potentially two drill programmes and months of news ahead.

Regards,
Ed.

[csjcsl2] 26/10/2020 16:24

re apfindley...if your refering to me no i am not in yet..and i am not a deramper..the charts said 3.6p first stop..i said this when share price was 4.8p.could still go lower but no less than 3.05p by the looks of things...

[jezzoo] 26/10/2020 15:44

I tend to agree with some posters here that getting rid of Georgia is a good thing, they've been fannying about there for years as they have in various other parts of the world.Georgia was wildy over ambitious and I always thought the previous owners moved it on for good reason, maybe slimming the business down and not spreading it across the planet will be a good thing.This has always been a lifestyle business so maybe this is just yet another way to instill hope in us very long term holders from the NMG days

[saracen3] 26/10/2020 15:42

From LSE board



I just had a 25 minute call with Mike to go over the details of this RNS and will summarise my thoughts on what was discussed.

LTH’s must try to understand the reality of Georgian situation (2 of 3 licenses & fighting for the other). 2 outcomes which are we win and get everything or we lose. If we lose we have a further 2 options. We go with the 2 we have or we fight the Govt in court for 2 years and spend a lot of money doing so. It has become clear that most shareholders are not willing to fund a government court case on the matter so this is where CAND come in. They are bigger, financially stronger and can fight our fight without much hassle and have a very good chance of building Mcap with their Mexican Gold story so are happy to just take on the waiting period in Georgia. It does not mean CAND will suddenly get approval and the asset we have all waited for will be taken and reward for CAND investors. Mike has gone over there to offer a consistent message for the Georgian fight but believes this is a very good deal given the reality of Georgia for EEE shareholders.

We are derisking the company as such. With 5 board members Mike will still be involved in a technical capacity but no CEO will be appointed as it will be impossible to get one for zero remuneration (Mike no pay in 2 years). The money you would spend on appointing a CEO is better spent on developing Eclipse and everything to do with that.

Eclipse is looking very good and Mike expects / is confident that it will be commercially viable. Eclipse vein is 2.2m wide avg with strike length 150m - small open pit with 4.7g which is exceptional. 2nd Vein coming soon and both almost zero capital assets which will be toll treated and quick to production. No need for us to build anything.

The team over in CAND are very good and the COO is an experienced operator so CAND also have a very good investment criteria or opportunity (I’ve done no research on this so cannot confirm as of yet but I will be looking at them based on continuing Bolnisi development).

I conveyed to Mike I was disappointed to see him go but he was very clear that he was still involved, very confident and to continue to liaise with him from here on in.

Essentially my view on the matter is this (but please note this is all just my opinion and interpretation of what was discussed and others may have viewed things differently if they had the same call with Mike) that we were going to struggle to continue the Georgian Bolnisi claim and if things dragged on it wouldn’t be viable to potentially throw more money at it with no guarantee of success. In an effort to derisk and drive short-term value and get EEE wheels turning it was decided to go this route.

In terms of Munni Munni there has been no updates on this challenge so nothing to report on that side. As always EEE continue to review additional acquisitions from around secure mining jurisdictions and updates will follow.

ML


Reply;RecommendReport Post

[under the radar] 26/10/2020 15:14

Off topic chaps

You might want to check out VELA

It’s a COVID stock with lots of news due now as the ceo stated in a rns

The Uk government and one of the biggest wealth funds in the world have invested in the trial

They have cash in the back as well

It could be the next NCYT in the making and that went from 6p - £12

GL whatever you decide

[apfindley] 26/10/2020 14:47

I guess the silence from a certain person means he's probably now bought on the dip after all the deramping. Haha

[wantage] 26/10/2020 14:22

Say what you like about Lenigas.He knows more about every aspect of the gold game in Aussie than the pope about god.I don't know, but how do you think EEE got their new unexplored ground.It didn't fall into their lap;it wasn't lucky.It was contacts.
Now they've got rid of a dead weight around their neck in Georgia.They've got great exploration upside in Mexico etc, and $7 million worth of stock in an excellent gold
play - Candelaria.It's only 10% off its peak,has nearly trebled this year. What's not to like? A new venture in Mexico or a dead venture in Georgia?