Empire Metals Share Discussion Threads

[geko5trade] 19/9/2024 18:32

Yep widened the spread but didn't stop the buying. They'll have to do better if the MM's want to take the afternoon off!

[apotheki] 19/9/2024 15:42

Empire Metals* (EEE LN) – Interims highlight continued progress on derisking Pitfield

Empire reports interim results for the six months to 30th June 2024.

The Company is progressing the Pitfield titanium project in Western Australia.

Two primary target areas within the large 26.4-32.2bnt exploration target (grading 4.5-5.5% Tio2) are currently being targeted.

Empire has identified a weathered cap zone, which is believed to contain a higher-value, high-purity anatase zone.

This will be the primary target for processing given anatase’s similarities to rutile and thus the potential to produce a higher value feedstock for both the pigment and metal sponge industries.

The Company reports a cash position of £2.4m as of 17th September 2024 following a £3m placing.

Going forward, Empire’s focus is on processing of the unique Pitfield orebody, alongside delineating a maiden MRE.

Current diamond drilling at Pitfield is intended to support mineral processing test work on the anatase section of the orebody.

*SP Angel acts as nomad and broker to Empire Metals

[tialouise] 19/9/2024 14:26

lol no thanks

[louie2010] 19/9/2024 14:06

Try Altyn share results due soon share price low worth looking at .

[tialouise] 19/9/2024 13:32

Looks like there short of stock , bids rising .....

[geko5trade] 19/9/2024 12:27

Higher the volume wider the spread! The opposite of normal trading pattern. Current spread ridiculous on the face of it though I dare say the MM's are well inside.

[jelignite] 19/9/2024 10:24

Also, want to know who Stuart is.......

[onedayrodders] 19/9/2024 10:21

I hope the "Count" comes back ... he turned up and seems to have cemented the bottom

:O)

[klosters65] 19/9/2024 10:02

The quality and experience of the team that Bunn is building gives me confidence that the titanium will be extractable and the current research is simply to define the most viable and commercial way to proceed.

[base7] 19/9/2024 09:07

Trade investors ,IIs etc will only start to show real interest when all is proved

[suffolkjim] 19/9/2024 08:36

It seems to me that once our seller has finished we'll see some significant progress

[master rsi] 19/9/2024 08:27

It looks like the movement up wants to carry on 7.30 v 7.80p +0.35p now

A decent volume 1,39 Million

[gta5] 19/9/2024 07:19

well klosters65,
AIM punters like us clearly have our hopes up, but the real Ti market players clearly do not. If there really was a buzz among Ti miners, producers, buyers, manufacturers, traders, intermediaries etc, they would be throwing themselves (and money) at this to get in early on a slice of the pie (and the share price would be substantially higher than it is). At least at speculative levels. It has not happened.
Maybe the word needs to be spread further, but I think that this find is simply dismissed as yet another minnow trying to make a splash but has very little to show for it in terms of extractability of exotic mineral compositions of Ti. Today's share price indicates that they don't believe it's doable.

It's up to SB to prove them wrong. I hope he can -before the next placing.

GL, GTA.

[klosters65] 19/9/2024 02:07

That is what is a perplexing conundrum. Either we have what will be the largest titanium mine in the world with investors falling over in the rush to buy shares Or be grateful for the share price seemingly stuck in a doldrum, thus giving us time to build a meaningful position.

[gta5] 18/9/2024 16:12

klosters65; that's a clear "meh" :)

[klosters65] 18/9/2024 15:29

One market maker on the bid at 7p.Five market makers on the ask at 7.5p.How are we meant to interpret that?

[juju44] 18/9/2024 13:29

They will want that for a reason

[cielos] 18/9/2024 11:53

The large spread is killing the trading of the stock

[geko5trade] 18/9/2024 08:20

Klosters/cev, further to my post and right on cue!
‘...The resource potential for Pitfield to continue growing and is unmatched anywhere...’
Currently estimate for weathered cap alone at over 4 billion tons.
Cash very healthy 2.4mil.
Cost of latest planned drill only 150,000 so could see excellent bang for buck there since it will be targeted.
Great announcement, great team.
Yes I’m positive on the stock. It’s hard for a rational person to read that and not be but, of course there are risks, and each to their own...

[base7] 18/9/2024 00:13

Pit field is likely to the biggest Titanium zone in the world,once chemistry & extraction methods confirmed & with view to the view that our resource is likely to run as deep as 5km (or more).Additionaly,being W Australia makes it the easiest country in the world to mine feedstock ,process & ship,with minimum political risk & potentially substantial Govt support.Russia & China are currently the worlds biggest producers & threatening to stop exporting .Woner who could take up the slack ?

[geko5trade] 17/9/2024 20:54

Klosters65/Cevodniya, I don't think the size of the deposit is in question. In fact it could get significantly bigger. It is all about the processing and the risk premium the market is attaching to that. The processing can be divided into the feasibility and the cost should that feasibility be proven. My position is based on the market overstating the risk premium attached to the former, the feasibility. There's a lot of headroom for the latter. Clearly the metallurgists in the team and at Curtin are aligned or they would be wasting their time. Of course it is possible we are wrong but that's what makes a market!

[cevodniya] 17/9/2024 20:19

Klosters65, not trying to catch you out mate at all, just curious re your thoughts.
Currently capitalised at what £42 million.
£30 billion titanium market globally by 2030 and EEE could have potentially 15%, so £4.5 billion a year in 2030.
Effect of that revenue on share price
Capitalisation potential increase from current to £500 million x10, £5 billion on that revenue generation x 100, seriously £50 billion less than a 1/3rd of RTZ.
X 1000.
Happy with that?

[klosters65] 17/9/2024 19:48

Hi Cevo, No pressure then. You are not going to catch me out.Just got back from the pub. Being serious for just a moment. If the find is as big as way are being led to believe. What do you think?

[cevodniya] 17/9/2024 18:04

Klosters65 and how undervalued do you think we are?

[klosters65] 17/9/2024 14:08

Blimey. Thanks. We are even more undervalued than I thought we were.