Empire Metals Share Discussion Threads

[geko5trade] 30/9/2024 10:18

cielos, it’s not a perfect world and certainly not on AIM! The company had every reason to believe the share price would have been driven up by the excellent news flow that by any measure has exceeded expectations. But there was sustained profit taking and they can’t control that nor broader market factors and sentiment for small caps and debt generally. Master RSI has correctly called the recent very short term trend, a trend possibly underpinned by some recent forward selling, but the medium term has been sideways and the very long term up. I’d like it to have been higher and so would they but they’ve dealt with the elephant and are very well set up to progress.

[cielos] 30/9/2024 10:14

Latest Level 2
Peel on 7.4 Murex 7.5 then wins on 7.8.

[redhill] 30/9/2024 10:09

cielos

Of course but as the price hasn't moved much it is better to get the funding done and dusted now to remove any uncertainty about when and how much. They now have the funds to carry them through until at least the commencement of a pilot plant.

[master rsi] 30/9/2024 10:00

As the 11am is there, the buys have been taking over with larger sizes and with that the share price
spread 7.20 v 7.40p

[cielos] 30/9/2024 09:53

The Company was wrong on the timing this time.

The timing of a placing or RI has to be, on a share moving higher, not on the way down,

[redhill] 30/9/2024 09:28

Yes but now the Company are funded up until the construction of the pilot plant and it takes away the uncertainty of them running out of money.
Yes ideally it would have been better to get it done at a higher price but there has been no such opportunity over the last few months.

[gta5] 30/9/2024 09:13

Ho hum. Exactly what I was hoping we'd avoid.
Low price placings suck for existing LTH.
Let's hope it's the last we see of this.
GL, GTA.

[cielos] 30/9/2024 09:05

Not much going on at the moment after the early rush to get bargain price.
If any of those are added, it must be peanuts.

[fsawatcher] 30/9/2024 08:46

i fink you said dat when 11p placin done

you so far up ya own chfarts you dint see it comin laddy

next placin will be at 4 or 5p

it da pits ere for months and months

[juju44] 30/9/2024 08:26

I dont like the price but if you cant beat them join them so I added at this bombed out price

[master rsi] 30/9/2024 08:09

Being able to buy stock today at almost the same price as the Placing 7p was a good omen for those who took advantage of the marked-down.

Already up from the floor 7.05p, now is 7.24p to buy, spread 7.10 v 7.30p

[tialouise] 30/9/2024 08:09

Really!!!!!!!

[juju44] 30/9/2024 07:52

7P !!!!! No wonder it was oversubscribed . Placing OK but at 7P ......

[goforgold1] 30/9/2024 07:49

Keep them in a job and wages keep coming in each month same old story .

[master rsi] 30/9/2024 07:44

re - placing @ 7p

It seems money is needed for the future planning, so I took advantage of the below 7.10p that one can BUY now with a top-up, I was expecting to pay just a bit more going with the Indicators this week, but the 7p Placing did me a better favour on the Portfolio.

[onedayrodders] 30/9/2024 07:44

Shame about the placing price but raising money on AIM is a minefield.
Not uncommon to see 30 / 50 % discounts and more sometimes.

It's out of the way and removes any danger of running out of money for the next few years.

I like the shift to the Anatese layer which covers out huge find.

Onwards to 2025 !

ODR

[geko5trade] 30/9/2024 07:41

It would have been nice to get this done higher but extending the cash runway will have been considered a priority. Not a massive placing but given low burn rate enough to see them through this stage of development.

[master rsi] 27/9/2024 07:58

Cevodniya

The charts are saying HOLD your fire a bit longer
Do not make the same mistake as the last time buying in the middle of the retrace.

[master rsi] 27/9/2024 07:54

7.85p =

That is the position of the Indicators this morning, in the middle pointing down from being overbought a couple of days ago.

chart with Indicators...

[geko5trade] 27/9/2024 07:35

Quite an interesting article, (amongst lots of uninteresting!), on radio 4 last night focussed on Australia’s lithium mining industry. Broadly relevant to EEE because the main point of the article was that the raw material for processing was being sent to China for less than one tenth of the value of the refined product. Hence much of the downstream value of the lithium mined was being exported. The suggestion was that given the mining industry was responsible for around 20% of Australia’s growth in gdp it made sense for the country to look for ways to develop the processing side of the mining industry and keep more of that value in house. A broad point but that shift in ambition is timely and marries well with EEE’s cause.

[master rsi] 26/9/2024 08:14

7.75p -0.35p

Share price back to below 50% retracement and equal yesterday's intraday low, after a large sell 250K

[master rsi] 25/9/2024 22:59

8.10p -0.10p UT but spread was -0.20p and should open @ 8p ( 7.80 v 8.20p ) tomorrow

The cycle of up and down goes on. Today's chart