Empire Metals Share Discussion Threads

[seanlander] 07/3/2024 07:49

What is your explanation of a sustained drop even with a flow of good news. The share price doesn't represent the reality. We all know that it should be higher. So why is it not responding?

[geko5trade] 07/3/2024 07:45

suren602, welcome to the markets!
The important thing is to have a plan. If you’re a trader trade, if you’re an investor invest. There are very few aim stocks that I’d invest in because they have to tick a lot of boxes before the risk is worthwhile. There are no guarantees but this stock ticks them and a couple besides. You could have lost money trading this (or made) but SB has delivered in every respect to his investors. He can’t control the market short term.

[sipptrader88] 06/3/2024 22:47

I've been thinking along the same track bspgamer.....you just have to combine all their experience.....200+ years maybe.....and they are now here for a reason and it ain't getting a market cap from £53m to £54M.....lol

[bspgamer] 06/3/2024 20:59

Juju, Andrew Farangher was very active on LinkedIn when he was drilling Pitfield for the first time, he's not posted since. Is he staying low profile because of the sensitivity of Pitfield and discussions that could be happening ?IMVHO GLA

[juju44] 06/3/2024 20:57

Good points bs

[bspgamer] 06/3/2024 20:11

I also these 2 titanium experts will also know plenty of contacts around the world, this fairytale is only on the first chapter IMVHO GLA

[bspgamer] 06/3/2024 20:08

I agree I think. It's time SB and his contacts start the conversations with their in-house tier 1 contacts. And between them they will have plenty of contacts, Andrew Farngher is my favourite. Ex Rio Tinto, DPerth, chief geologist. And believe me the mining world is a small world, everyone knows everyone and if this is a world first. It's going to open the imaginations of plenty around the world. Dr Neil O,Brien our chairman is very excited by this project I hear. Ex Lundin VP he really does have the contacts. It's a waiting game and SB clearly said this has legs that's good enough for me. He's not let me down so far and kept to all his promises. When he starts talking about partners things willMove very fast!!!

[juju44] 06/3/2024 19:57

Positives for me include the talented team being assembled , the Aussie govt grant , the Saudi investor , the price of the options and Bunny,s conviction .So because of these I will be staying but its never in the bag until its in the bag

[sipptrader88] 06/3/2024 19:50

well said Geko5trade....I think more £50m or less! But the size of the initial full processing operation will determine that! Too early to speculate on the size though!

[geko5trade] 06/3/2024 19:35

GTA5, 8701 '..needs to be proven...'
In a way yes but I think SB is saying it needs to be proven to the market rather than proven to metallurgists like himself. He's a scientist so I recognise that statement has to be qualified to a degree but I think it's clear where he's putting his chips and it isn't on red or black. This is about derisking and it does seem ironic that an announcement that clearly points to a major step along the derisk continuum is met with selling into strength (not entirely of course). But that's the market and there is easy bulletproof money to be made in bonds, gilts etc. So for small exploration it is still a risk off environment. To look at the positives SB is more convinced than ever that the potential commercial operation, as he said to me in London, will be along the lines of acid leach and gravity separation so it seems highly likely that whilst substantial bucks will have to be raised further down the line they are going to be very modest compared to most, if not all, Ti operations. This will be a no brainer for a major.
I'm not convinced either that this has gone to bottom drawer waiting game. There can be bench test steps that further reduce risk, further results from drill campaigns, further funding/grants that adds credibility and chinese whispers of majors starting to sniff. With Saudi interest already declared anything along those lines can move things very fast. If it happens it will be big profits for shareholders but in the scheme of buy outs or farm ins 50 mil to 250 mil is small change for a big boy.

[gta5] 06/3/2024 19:30

juju44, the real question remains the same "what's the value?"
It's just that there is uncertainty that stops it from being obvious.

I'm loaded up to the eyeballs on EEE shares, and although I was hopeful that it'd be a quick path to 200p I'm not naive to know that there is always curveballs on the way.

I still expect SB to keep it up and guide us through it...Clearly they are 5-6 steps ahead, and have huge faith in this as they've proven by adding a Ti centric team and getting rid of other exploration targets.

Let's hope he can get some early major interest to boost the share price a bit, I'd hate for this to be under 25p by early summer....

GL, GTA.

[aimscam1] 06/3/2024 17:53

Some dumping going on here

[aimscam1] 06/3/2024 17:52

5 Years before production easy . Need millions if possible to bring to commercial production NO CHANCE

[gta5] 06/3/2024 17:34

bspgamer; I'm pretty sure he has, and probably got some initial disbelief and pushback.... hence the pilot/demo plant plan.
On the other hand, he does sound quite adamant about the straightforwardness of it. I'm guessing they've done a few lab tests that have been quite positive, (but far from enough to be considered proof in any way)
If this has legs, I'd thought that EEE would be all over the WA gov and vice versa. It's perhaps of equal consequence for WA that this is properly investigated and given support...
Let's see what's what. More patience needed.
GL, GTA.

[bspgamer] 06/3/2024 17:24

I personally would start up early negotiations with the Tier 1's if I was SB. Any announcement indicating that we have started negotiations would rocket the share price

[gta5] 06/3/2024 17:23

Thanks sipptrader88. Speaking of likely outcomes, it's clear that EEE does not have the muscle to carry itself and the 30% minority owner to production, so I would assume a major would like to come in and get a sizeable ownership stake in return for funding a PFS or maybe DFS inc Pilot/Demo plant.
(I would assume raising enough $$$ for a pilot or demo plant is out of the question with the current MCAP)
I think the perceived uncertainty around the processing of Titanite makes an early bidding frenzy less likely.
GTA.

[sipptrader88] 06/3/2024 17:12

Another LSE poster makes the following opinion:-

"......I would question whether the mining majors will wait until EEE has built a small scale opertaion at Pitfield before moving in with offers.

SB has little choice but to go down this production-proving path for strategic reasons. He's doing the right thing and I trust him and the formiddable team he has already assembled.

SB and I discussed strategy in November. He opined that none of the majors will want to see a viable Pitfield go to a competitor. I agree. Pitfield has the potential to put other Ti mines out of business. Every step that the EEE makes towards production ratchets-up the pressure on the incumbent majors.

I repeat, none of the incumbent Ti miners will want a viable Pitfield to go to a competitor.

IMO there is a high probability that Pitfield will be bought well before the ribbon-cutting of the production plant."

[gta5] 06/3/2024 17:02

In the interview with Zak today, Shaun Bunn insists on the Titanite ore being straight forward to process, but makes reference to the need for not just a Pilot plant, but actually a "Demonstration Plant" and the need to prove the process they end up choosing (and the related "end product", presumably TiO2 Pigment)
This might have scared quite a few short term traders... but it shifts possible confidence a bit further out as it's clear that the process needs to be proven, as opposed to previous assumption that it would be a copy-paste of other mines...

GL,
GTA.

[juju44] 06/3/2024 16:51

Far from the heady days of 14p . A lot of process unknowns and up to a year to prove out . Think I will just bottom drawer this and go make some money ion the PM markets

[sipptrader88] 06/3/2024 15:59

Shaun says "unique mineral system/ ore deposit in the planet" ....."looking towards a breakthrough in the Titanium Industry"

[sos100] 06/3/2024 15:30

Samerlhabash - thanks for twitter link ,above is direct link to Zak interview (if you want to copy to your post)

[aimscam1] 06/3/2024 15:27

At least 5 years to production if any , probably be busy before then and bought for nothing like always happens 5 million will not last long .

[gta5] 06/3/2024 15:18

Hmmmm. Interesting price.
Getting some more.

[sameralhabash] 06/3/2024 15:06

Another interview https://twitter.com/Empiremetalsltd/status/1765381010819092764?t=SQ7Au8L8iZF2N8LHur6M7w&s=19