Empire Metals Share Discussion Threads

[geko5trade] 08/1/2021 17:21

As Saracen says this will move on news. I do also look at technicals though never in isolation. If I see a really clear pattern I tend to go over things again.
I think you juju44 are the one who should look more carefully at reversal patterns because this doesn't fit a triple top reversal. There is too much space between the highs back at the beginning of October and the recent high. They are reasonably close in value but each marks the top of the rising trend and the bottom of the rising trend has also been tested. Of course a fall could be triggered by bad news but in isolation the chart does not indicate a reversal. If one were trading according to the chart signals alone (and I'm not suggesting anyone should) the short term signals remain positive.

[juju44] 08/1/2021 16:13

So what ? You should learn about triple tops

[saracen3] 08/1/2021 10:07

JUJU so what ? this company moves on news.

[juju44] 08/1/2021 09:59

Failure to reach a new high would make a triple top

[geko5trade] 08/1/2021 09:57

That is clearly a rising trend. Of course negative news could scupper it but if positive news continues then the trend will continue taking it through the 4.5 resistance level. My point is it isn't a 'sell' based on charting technicals.

[juju44] 08/1/2021 09:38

Triple top ??

[dvsfm] 08/1/2021 09:13

Well for a start there is confirmation on sale of Georgian assetsAlso from the rns " I look forward to providing updates on drilling results as they become available."So I'm thinking it won't be 4-6 weeks before next news, more like a stream of interim news for each batch of 10 holes maybeLet's see, either way I will still be accumulating when able Gla

[shares188] 07/1/2021 21:25

Sean lander,
What other news will build this SP
4-6 weeks has basically given holders
a window.

[shares188] 07/1/2021 21:12

Just saying last time they announced
Drilling Nov 6th it was roughly the same price,4.6 p
It fell to 3.25p over a 4-6 week period.
Funny old stock this , normally on drilling
announcement it rises or holds ground

[seanlander] 07/1/2021 19:00

Sell if you want but I'll be snapping them up at these bargain prices! Will be 10p plus very soon imho... another share price build will be here very quickly...

[shares188] 07/1/2021 16:41

Just think impatient holders who
can't wait 6 weeks are not happy
to wait, NO sell off here.

[iloveit] 07/1/2021 13:43

Simple BUY any dips and come back and look at the price this month.10-25p is how this is panning out.25p could quite easily be achieved overnight as Aussie drilling has started.Iloveit

[dvsfm] 07/1/2021 13:38

Exactly. Also due news on right of first refusal for Georgian assets. Could end up with a big cash injection

[juju44] 07/1/2021 13:38

Evil looking triple top on the chart

[groogis] 07/1/2021 13:36

Not really tumbling to be fair. There will have been opportunistic short term traders waiting for drill results for a quick price increase and sell. Clearly they can not wait the few extra weeks and will move their cash. It may well slide slightly lower but can't see much more than point one or point two of a penny if at all.

[davetedjack] 07/1/2021 13:32

I suspect people selling here low to chase today's rise in EUA which they could have had significantly lower yesterday. They will get bored there in a few days and buy less back here for more money. It's just the way some people do it. Probably not the best trading strategy in my opinion.

[king suarez] 07/1/2021 13:29

People with attention deficit disorder can't wait a few weeks for drill results and think they can make money elsewhere and buyback, presumably?

[juju44] 07/1/2021 13:27

So remind us why the price is tumbling with the good news ?

[iloveit] 07/1/2021 13:11

Quickly moving on as decisions will be made next few days.Results from today's rns next drill targets can't come quick enough as gold production could be massive.Shareprice today could go very much higher as things hot up.

[edgein] 07/1/2021 12:47

Mike Struthers, CEO, said: "We're very pleased to have started the second phase of our drilling campaign at Eclipse following the highly encouraging results received from our 2020 work programme, which highlighted the potential for Eclipse to host a profitable open pit gold mine."

We're very pleased you've started too Mike! Sounds like most of these 40 holes are going into Eclipse for resource definition and some are going into the parallel strike. Which is good, not too much expo drilling but mainly infill. Focused on upcoming JORC and then feasibility. Great that they've been able to secure the rig and geologists etc needed for this campaign given the demand in Australia with the current gold price.

Regards,
Ed.

[jackjackpaul] 07/1/2021 12:38

Empire Metals Ltd - Second Phase Drilling Commences at Eclipse Project #EEE

#voxmarkets

[edgein] 07/1/2021 12:31

Awesome, started again with 40+ holes this time!

Regards,
Ed.

[seanlander] 07/1/2021 10:21

Big spread hiding the fact the share price is rising...

[seanlander] 07/1/2021 10:13

It's been at 25p and that was before munni and eclipse!

[goldenshare888] 07/1/2021 09:52

I couldn't help myself and bought more today. It won't matter too much if my 70p target hits!

:-)