Empire Metals Share Discussion Threads

[breex] 26/6/2024 15:56

Wouldn't want to be out of this, when this hits the Airwaves 🤣🤣🤣
Hiding

[onedayrodders] 26/6/2024 15:13

I can see why some would be wary of a placing given the share price behavior.
And yes, Sean has previously said there is no need for a cash call only to be followed by a placing.

Let's hope that's not the case.. at least until some convincing processing news.

[geko5trade] 26/6/2024 15:10

juju44 Continue to post. You clearly have insight into the chart. I don't always agree and when I disagree it's honestly because I just don't see the formation but it makes me look again to see if I can determine patterns. Not all charting sites appear to have the same feed and I've noticed short term discrepancies between ADVFN and others and that may be partially responsible. There are also formations, as I said before, that I don't see unless I go to the candle chart.

[geko5trade] 26/6/2024 15:04

GTA5, it was itro 6 months for complete processing pathway to be identified. SB has clearly stated there will be announcements on progress before that. Of course they've already had one step completed that they didn't anticipate which was the compositional change brought about by the weathering of the cap. That alone has brought them one step closer to proof of concept. I know currently ignored by the market! But still it's there. When sentiment is on a bad day it gets forgotten but you can bet your bottom dollar it will be remembered on a positive one.

[gta5] 26/6/2024 14:44

manlord1; Let's hope my hunch is wrong. I fully agree that the better order of events would be processing results, and THEN small raise to cater for Plant design etc (and Infill IF they absolutely feel the need for it..)
And yes, I also expect initial processing news very soon, at least initial info...long before the 6 months mentioned in the presentations.

lets see....
GL, GTA.

[geko5trade] 26/6/2024 14:36

Puzzler2 completely agree. This is about prioritising resources and where to spend them. AIM is a volatile place but the strategy outlined is sound and shouldn't be changed week on week because of the share price movement.

[manlord1] 26/6/2024 14:33

Agreed GTA but not at this point in time. This won't be 6 months until we know something, far from it. SB is well aware of what's needed and I'd be unbelievably surprised to see any raise near these levels. There are many potential catalysts to come well before we need to raise for development IMHO. ML

[onedayrodders] 26/6/2024 14:23

To think we have billions of tonnes of this stuff

[puzzler2] 26/6/2024 14:17

Agreed GTA5, but having a JORC resource without proof of economic extraction is pointless, which to my mind shows where the priority should lie, given limited resources. I don't want to see this company become another Aim disaster because of bad strategy. For now I'm trusting in Shaun to do what is best to create long-term shareholder value and all that that entails.

[gta5] 26/6/2024 14:05

Puzzler2, I 100% agree with you he *should*, but Shaun also made it clear that he's looking to take this to a JORC Resource (reserve even?), and that WILL require substantial infill drilling as per the H2 2024, and H1 2025 plan in EEE's latest presentations...
I think it's a really tricky one, as no one will touch this if not JORC Resource/Reserve but at the same time the cost and time to get there will severly cripple the company's ability to fast track the Process testing alone. (the one thing holding our share price back IMHO)

GL, GTA.

[puzzler2] 26/6/2024 13:59

£3.4M is quite enough to move forward to achieve proof of economic extraction of the two identified target areas. Shaun should put all future drilling on hold - we don't need more announcements about how great the resource is - what we do need is a sound economic model confirming the production process and how much cash / profit can be generated. After that, a strong share price and future funding will likely fall into place. Focus is what is important.

[institutional investments] 26/6/2024 13:56

Y'all obviously have a lot to learn in the murky world of AIM and co. Or, simply hope nobody else does lol

[gta5] 26/6/2024 13:56

Sorry, just to be clear; I say "a couple of million USD" as that's where I hope they'd be comfortable (and dilution would be modest). They really will need a lot more for the larger scale testing and demo Plant of course, but hopefully they'll manage to get enough clarity around processing and interest in the market that we'll be at a very different MACP before they do something more ambitious, if at all.

GL, GTA.

[institutional investments] 26/6/2024 13:55

Imo, it's not the current market fall that should be telling you a dilution is coming

It was?

"The great news that let maker take price up for offload pre dilutions"

[institutional investments] 26/6/2024 13:53

Im pretty sure without reading back, when i mentioned a nearing dilution in the 9s, i was dingbats

"Oh how the cookie crumbles"

[institutional investments] 26/6/2024 13:51

GTA5 why were you calling a stone-wall buy at higher prices, yet now calling a dilution that the CEO 'implied' wouldn't happen? @circa 40% lower

Is market telling you otherwise now? Bit late aint it? lol

[gta5] 26/6/2024 13:44

manlord1 and Geko5trade, as much as I hate being diluted, I'd assume they will want to have as long a runway as possible and although 3.4M is plenty for the immediate needs it's not enough to do anything beyond, and being a tiny company they can't afford not to have a bit more than that.(They need to look the part in order to be taken seriously by AUS Gov. or applying for licenses etc)
I know SB has denied it, but remember SB denied needing more funds shortly before the last placings. I don't see anything odd in that.
If it's relatively small and around 10p I guess I'd be ok with it, but as I've gone on and on about in the past; they really need to get us up to decent MCAP as raising a couple of million USD at 8p is infinitely more painful for existing shareholders than at.. say 38p....

Juju44; go on? 6.x p?

GL, GTA.

[geko5trade] 26/6/2024 13:35

I don't see the double top but clearly support at 10 didn't hold and with 8.5 in question they took it lower. But mixed signals on the chart so not much to go by in deeply oversold territory.

They have a great team and a world class asset with money to prove up value. Not where I want to be in terms of share price but I'll just let them get on with the job.

[geko5trade] 26/6/2024 13:26

I'd be surprised if there were a raise at this juncture too. They have ample funds to work on the processing and SB has said they don't need to keep drilling. He has correctly identified the feasibility as the block, or the perceived block, and would probably defer any substantial raise until after more progress is made in that area.

[institutional investments] 26/6/2024 13:24

Somebody mentioned a raise. Not sure if the CEO said he wouldn't do one, but certainly tried to imply at higher prices that he would not, by talking about cash at bank etc

Another slight of hand tricksy wordy's from EEE?

[juju44] 26/6/2024 13:24

Gtas , if I was to answer your question there mioght be a few suicides here and I could be wrong on a bottom call .