https://stockanalysis.com/quote/tsx/FIL/market-cap/https://news.cision.com/filo-corp-/r/filo-mining-announces-the-appointment-of-phil-brumit-to-its-board-of-directors,c3435385With all the high profile appointments & ex BHP / RIO / Lundin employees, along with SB's comments & the data to back it up I personally feel we are on the cusp of a major transition from explorer - developer - producer. I'm starting to think SB was always telling the truth & has absolutely no plans to sell this off on the cheap. I was always thinking he might be playing a game of who blinks first with potential suitors but the recent appointment has me convinced - he's going to go it alone & I think he might just pull it off. I'm not about to start doubting him now. ML |
I've spent the night looking into Phil Brumit and his appointment is far bigger an appointment than we even think. When he joined Filo Corp in Oct 2021 they were valued at $1.2bAs of today they are worth $4.38bThere is absolutely no way looking at his career & CV that he would stake his reputation on something that was even 50/50. CEO / SVP / NED / Director all previous roles. His contacts are extensive and this is just the start for Empire.ML |
To be honest. I do not know what all profit taking absorbed means. My understanding is that a large number of us do not intend to take our profits till way further down the line. |
kloster, you confident all loss taking is absorbed. |
all loss taking absorbed. |
Closed at a7 month high all profit taking absorbed. |
Brought More today in the bag they Go ! |
GTA5
Your post 2144 is indeed a good summary.
Brumit's 2,000,000 share options are at 10p and that should also exercise the mind.
Remember a year ago when our Process Development Mangaer was appointed and that also was really a very key appointment to develop and confirm our route to production. And the questions again were ....why did she join with her great track record ? A bit like the questions on Mr Brumit!! Her options are at 14p and 18p !!
When the next news comes.....there will be even more believers IMHO |
Lots of sells being absorbed with this rise. |
The main spot I'm looking at is how we react to the area around 10p. If we get rejected there, then we could be in a falling wedge patterns which while bullish could take months to play our and see down to .05 or lower.
But if we go though and and hold 10p there is not much holding us back from much higher prices.
Grain of salt though. I'm not an expert. I just like to draw lines and connect dots. |
The herd may be close to the watering hole Saracen ‘ some may have starting sipping from it .Hopefully our recent strength will be backed up by an RNS detailing the 2025 plan in detail |
Many thanks Manlord for the helpful Q&A on LSE cheers, Saracen. |
The question everyone has been asking: "is it real?" and with the appointment of mr Brumit it would seem the answer is now taken more seriously than SB's comments in the past.
It's far from the "Eureka" moment, but sure does ask the question of why he'd join and add his vote of confidence to something like this if it wasn't world class.
Next few news should be very very significant for the share price
Interesting times ahead.
GL, GTA. |
Not any old NED SuffolkJim but a seriously big hitter!!!!
[or if you prefer a mining industry heavyweight] |
That was me, thank you.
All those announcements we've had over the last few months and then NOTHING. Now all we've done is appoint a new non exec and it seems to have done the trick. |
Someone mentioned a possible CHART BREAKOUT here at EEE
The answer to that there is CLEARLY a CHART BREAKOUT going on as I type at EEE |
Weaker USD$ also helping mining stocks |
People jumping out of American tech today looking for somewhere to go. Mining looking ready for a good increase this year and where better to look than Empire. |
Just watch when the Herd arrives !! |
I'm rubbish at technical analysis, but is there a breakout price, or a level of resistance that we need to break through here?
Just looking at it from a layman's point of view, surpassing those two peaks of around 8.3 / 8.4 in August / September looks important. |
It is an excellent appointment and a big vote of confidence |
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. |
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