Fair call S3,& their buying may well have started last week,resulting in a decent rise last week.There will be many family,pals ,colleagues,associates ,LinkedIn followers etc who will be curious as to why this highly successful mining exec is spending many time & risking reputation on a speculative Aussie prospective mine & some will choose to invest due to FOMO & respect his successful track record |
I'm sure once PB's settled into his roll and got familiar with all staff and pitfield itself ( assuming he's already got the inside scoop on both or he wouldn't be wasting his time coming), I'm certain he'll be letting certain important individuals in his filofax the true potential of this world class discovery. I should imagine it's quite a tight knit community at the top in mining circles so any good news will undoubtedly be spread rather quickly and will result in many people down the line buying into a winner. 🤞 |
Saracen3, why would you think that?
Do you know personally his family, friends and professional colleagues? |
 Saracen3, I'm not sure I follow? Perhaps I missunderstand your statement, but as supportive as Brumits family might be of him joining EEE, this is unlikely to affect share price at all...even if they all "buy in support".
Even, -if at a stretch- even his past colleagues, and maybe a HNI might dip his toes in it's not going to do much for our share price as this will be absorbed as part of the normal AIM market swings.
I think that only real and tangible news will change our MCAP vs the distrust and dilution of shareholder value that's so endemic to AIM companies in general.
I think more importantly, IF Brumit really is as excited about EEE as I hope he is, he'll spend some significant time onsite (remember, he's a NED on the board only) but if he actually starts spending some time onsite, maybe getting more and more hands on with the day-to-day operations I'd take that as a very positive sign....(In addition to his likely very valuable connections and experience that he'll be able to share with Bunn and the EEE board of course!)
Either way, can't wait for processing news, Gov grant/funding news and ASX listing news, in any possible order!
GL, GTA. |
I think it likely that Phil Brumit`s family, friends and old colleagues will back him by buying shares in Empire. |
Hi CT1,This 2024 thread can kick trolls so that's why it's great and it's also why they don't really bother to enter here. It's a complete waste of their time.Now having said that, your name should remind all of us that it's important to listen to those with alternate views. Jumping the gun and kicking someone for mentioning "Is money needed here for a plant" or "what's the cash burn rate" etc should be viewed and answered as if the investor or soon to be investor is doing their DD, which they should. It will become very clear in very quick time if said poster is a genuine one or if they are here to cause FUD. ML |
Definitely worth much more here.
But just note my radar has gone off that a crew will turn up next week telling those who know that they know more, rather than the calm we have had with a nice steady climb.
I think we can see a full on flush of daytraders hitting here early next week.
I'm holding but will let 30% go at 33p...then see how the market makers play their boiler buddies...then I might consider anything over £2.
All best. |
100% mateIt was just the first drop down amount. I'll keep moving it upwards keeping it 1000% ahead of SPML |
Manlord
Only £1 ? Got to be a lot higher then that, I would start at £5 at the very least 👍 |
Peel Hunt morning mining comment
EMPIRE METALS NEW BOARD APPT. Phillip Brumit will be a NED with effect from 1 Feb 2025. Phil brings over 40 years of extensive experience with FREEPORT, LUNDIN, and NEWMONT which positions him to be a vital resource for the company. He will help the co navigate key milestones, including the development of a pilot plant and the completion of scoping and feasibility studies for the Pitfield Project. Pitfield has the potential to be a world class globally significant mine capable of producing large tonnages of high-purity TITANIUM, a critical mineral for which demand is expected to double in the next five years. |
Gta5, you have a clear run mate, good luck |
I know I've said this many times, but please lock up your shares if it's of no real difference to you. I am 100% convinced that doing so tightens the supply for borrowing shares for MM accumulation & shorting. It had a monumental affect on BMN years back when over 50 holders did it over the course of a week. I've all mine on a limit sell at 100p. If it executes, so be it ?And if anyone does it, DOUBLE CHECK that you have set the right limit. I don't want anyone knocking on the door of my yacht saying it's my fault they set it at 10p and not 100p and got sold out ???Enjoy your weekendsML |
Also, please, no one get excited!
-I have some more topping up to do sub 10p-
(Cevod, hands off. leave some for the rest of us, please)
Have a nice weekend.
GTA |
I think the expectation is for some tangible updates very soon,
-and with the addition of Mr. Brumit it's starting to look quite intriguing....
Would love to trade the swings on the way up, but let's face it; waaay to risky to be out of this... :)
GL, GTA. |
Can't say I blame them. |
Someone wants in |
manlord1
The billions in share cap mentioned above clearly puts the share cap of EEE into context.....as we have been saying under 10p down here is a great price to be adding.....IMHO |
Steady as she goes. Looking very good here. |
Australian Govt increases funding for critical metal development.
AUSTRALIA DOUBLES DOWN ON GOVERNMENT SUPPORT. While Trump's EO looks to clamp down on federal funds being disbursed on energy projects and infrastructure the Aussies are going the other way. The government is putting a further A$2bn into the Clean Energy Finance Corp to seed further investment in critical minerals projects and renewable energy investments. The sense is that investment into these sectors has stalled (in Australia) and further funding is needed to unlock the ability to raise additional capital. |
Peel Hunt morning mining comment
EMPIRE METALS NEW BOARD APPT. Phillip Brumit will be a NED with effect from 1 Feb 2025. Phil brings over 40 years of extensive experience with FREEPORT, LUNDIN, and NEWMONT which positions him to be a vital resource for the company. He will help the co navigate key milestones, including the development of a pilot plant and the completion of scoping and feasibility studies for the Pitfield Project. Pitfield has the potential to be a world class globally significant mine capable of producing large tonnages of high-purity TITANIUM, a critical mineral for which demand is expected to double in the next five years. |
Phillip Brumit doesn't waste his time on small potatoes either, he deals with very high Mcap companies with a proven track record amongst these giants. I think we can all see where this is heading.1. Freeport-McMoRan Inc. $55.32 billion2. Filo Corp. $4.38 billion4. Lundin Mining Corp. $10.49 billion5. Newmont Corporation $47.5 billionThey all started somewhere, Empire will start at Pitfield. ML |
I think this is the last major project Phillip Brumit was involved with before he went "self employed" according to his Linked-In profile. Josemaria Resources sold to Lundin Mining 15 months after he started, he left 3 months later. Mine construction hadn't even started. An interesting read indeed.
hxxps://lundinmining.com/news/lundin-mining-to-acquire-josemaria-resources-mean-123057/ |
SP Angel . Morning View .
Empire Metals* (EEE LN) 7.9p, Mkt Cap £50m – Top mining executive joins Board
Empire reports that Phillip Brumit will join the Empire board as Non-executive Director.
Mr Brumit held leadership positions at Freeport-McMoRan, Lundin Mining and Newmont.
Operationally, Mr Brumit was VP Projects and Operations at Josemaria, which is currently under JV between BHP and Lundin.
At Freeport, he was President of the African Division focused on Tenke-Fungurume, and at Newmont he was General Manager of Operations at the Batu Hijau Mine.
He views Pitfield as a ‘truly world class deposit that can become a globally significant mine capable of producing large tonnages of high-purity titanium, a critical mineral essential to the world’s manufacturing industry and transition to green renewable energy.’
Mr Brumit will receive 2,000,000 share options, expiring January 2030, at an exercise price of 10p.
Conclusion: Mr Brumit’s appointment as Non-executive Director of Empire is a strong vote of confidence in the development potential of the Pitfield titanium project.
Recent roles within the Lundin group, including at Filo Corp (sold to BHP/Lundin for C$4.1bn, leave Mr Brumit well positioned to support Pitfield’s progression to pilot plant and feasibility studies.
*SP Angel acts as nomad and broker to Empire Metals |
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