Empire Metals Share Discussion Threads

[institutional investments] 29/4/2024 15:31

6 April 2024

Empire Metals Limited

("Empire" or "the Company")



Stavely Project Update



Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, announces that, in line with the Company's strategy to accelerate the development of the Pitfield Titanium Project ('Pitfield') in Western Australia, management has undertaken an assessment of the Company's non-core assets and as a consequence decided not to extend the completion date for the acquisition of the Stavely Project, located in Victoria, which expired on 6 April 2024, and as a consequence the acquisition has been terminated.

[institutional investments] 29/4/2024 15:28

It's amazing, the influence achieving nothing only decades of dead investors can have

[institutional investments] 29/4/2024 15:26

Our Cev seems to have switched focus from EEE to blaming trolls

It looks like a post driven with fear

understandable

[cevodniya] 29/4/2024 15:13

Some great posts here with the exception of institutional Investments who is without doubt one of the worst trolls on the Internet.
Why he's on this thread is beyond me.
He infested tge Rolls-Royce thread for 18 months, deramping the share to sub 70p and it's post £4.
The same with SYME.
The only thing you can guarantee with this lunatic is that he's 100% wrong all the time.
So if he says 2p it's more likely to be £2 which would please us all.

[thanatos abysss] 29/4/2024 14:41

offers for SYME


and none there came

[juju44] 29/4/2024 13:51

GTAS - Thanks . Is that a few more months from now?

[klosters65] 29/4/2024 12:58

Love the blue sky. Have not seen that in many months in Blighty.

[gta5] 29/4/2024 12:44

juju44 re 570;
a few months (max) for lab results. -in test tubes
12-18months for demo plant results. -in drums

GL, GTA.

[gta5] 29/4/2024 12:39

Geko5trade, the "generous £600M" is tongue in cheek, but also a very, very ambitious >10x premium on the current Mcap.
(I don't expect anyone to offer that without a demo-plant up and running first!.)

So yes, things are moving very quickly in mining terms, and the more this project can be progressed (and de-risked -if- positive news keep happening) the higher that value increase become.
But even so, how many investors wound not take 100p today if given the option, versus waiting for possible 10p yearly dividend payments starting in 3 years time? (1bird in hand vs 10 in the bush)

The takeover price of a company with an estimated -in the ground- asset will be very different to that of a company with a producing mining operation, especially when requiring an untested process to be proven.

My hope for this investment is that either of these outcomes is possible, (or more likely some compromise in between with a JV) even though my time in these markets have taught me that the bird in hand is preferable to jam tomorrow whenever possible.

GL, GTA.

[institutional investments] 29/4/2024 12:11

People talking about offers. Who would make an offer? Everyone in the past let it go for pence in mining terms, to offload it

[geko5trade] 29/4/2024 12:07

GTA5, 568
'But, think of it this way; if he got a call tomorrow from Rio where they ask him to drop everything and hand it all over to them (walk away) for a cool and generous £600M. 100P/share... would he take it?'
Hard to say and too early. However things are progressing very fast and if this turns out to be, as it is increasingly looking, one of the most significant global Ti districts and can produce on more than favourable economics in one of the safest mining jurisdictions in the world is your use of the word 'generous' appropriate? If such a bid were to happen then the initial offer would start as an initial marker and the market would immediately reappraise the likely risk reward and assume competition for such a desirable asset.
I'm not saying by the way that there aren't pitfalls that can occur or that you are wrong to point out potential issues but this is another example where our perspectives differ. Still that's what makes a market it would be boring otherwise!!

Thanks for images Manlord. Agree about the ground, seen many projects that aren't so straightforward.

[juju44] 29/4/2024 12:05

Gonna be a hard road until we get something positive on extractability. How long is that going to take ?

[manlord1] 29/4/2024 11:34

Drill site photographs taken at Mount Scratch during latest drilling programme in March. This ground is extremely good to work on, low cost stripping of 2mm overburden ? & straight into paydirt.https://ibb.co/2hwF37Lhttps://ibb.co/rMmPxNmhttps://ibb.co/0Q2jRgPhttps://ibb.co/txQG3YpML

[gta5] 29/4/2024 11:28

Hi Geko5trade, I agree, we do have some very different views on some of the fundamental drivers and my view of that is not specific to EEE, but specific to stock market listed companies, especially obvious in small resource companies.

Let me just clarify, that although I think that this difference in interests between shareholders and management is there by "design" there is of course a healthy middle ground, and people's attitude and work ethics is what makes a balance that in the end can allow both interests to be met. The larger BOD's Shareholding is, the more likely this balance will be found.
I'm not for a second suggesting that SB is doing anything but trying his best to advance the value of the company. On the contrary, I think he's doing admirably well in everything since he joined the company.
But, think of it this way; if he got a call tomorrow from Rio where they ask him to drop everything and hand it all over to them (walk away) for a cool and generous £600M. 100P/share... would he take it? (would the BOD advice Shareholders to consider it..etc) , or would the BOD try to find a way to go at it alone or in a JV hoping to get EEE to a large scale mining operation where they are key part of management, and running the operation in 5-10years time? (at much higher mcap possibly).
For me that answer is not at all so clear.
Nothing wrong in either case, but I hope it highlights the diffs.

Onwards and upwards!

GTA.

[thanatos abysss] 29/4/2024 09:56

beware of cheap imitations folks


only 50 socks out there today

[institutional investments] 29/4/2024 09:45

Now that the brain damaged are out on day release, it's time to go do some work in the dark realm

'Enjoy the day'

[thanatos abysss] 29/4/2024 09:43

20's soon folks

[thanatos abysss] 29/4/2024 09:38

good morning gerbils


more pain for the shorts i see

[institutional investments] 29/4/2024 09:31

Titanium being the selling point , not even knowing how much there is, is a key issue

The more you find, the bigger the losses lol

[institutional investments] 29/4/2024 09:28

just a cheapo version but i dont care if you read a 5K report

Same anyway

[institutional investments] 29/4/2024 09:12

Good morning my friend. Only a find of stashed pallets of gold ad diamonds could threaten that haha