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EEE Empire Metals Limited

7.16
0.01 (0.14%)
04 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Empire Metals Limited LSE:EEE London Ordinary Share VGG3036T1012 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.01 0.14% 7.16 2,202,206 16:35:15
Bid Price Offer Price High Price Low Price Open Price
7.00 7.20 7.15 7.10 7.15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores -2.8M -0.0047 -15.11 42.82M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:15 UT 5,000 7.16 GBX

Empire Metals (EEE) Latest News

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Empire Metals Forums and Chat

Date Time Title Posts
04/10/202412:13EMPIRE METALS 2024 - An Unprecedented Discovery1,717
01/10/202410:20EMPIRE METALS 2023 - MAJOR DISCOVERY ON A GLOBAL SCALE11,447
30/8/202412:57Empire Metals "Be Careful Now" 4,419
05/7/202413:01loans5
25/3/202408:18New Name hopefully better end game79

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Posted at 06/10/2024 09:20 by Empire Metals Daily Update
Empire Metals Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker EEE. The last closing price for Empire Metals was 7.15p.
Empire Metals currently has 598,850,524 shares in issue. The market capitalisation of Empire Metals is £42,518,387.
Empire Metals has a price to earnings ratio (PE ratio) of -15.11.
This morning EEE shares opened at 7.15p
Posted at 01/10/2024 12:10 by geko5trade
Fair enough! Still I share manlord’s view that they had the reasonable expectation that the share price would be considerably higher given news flow. In the end company directors have to make best guess judgement calls and don’t control market forces.
Posted at 17/9/2024 21:19 by cevodniya
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?
Posted at 14/9/2024 00:20 by master rsi
Friday the 13th is GONE

Friday the 13th is Considered Unlucky

Not for the share price of EEE 7.20p +0.25p +(3.60%)
Posted at 11/9/2024 11:13 by onedayrodders
GTA .. generally a lot of what you say is true.

Could be that Sean thought the prospects / timeframe would push excited 'retailers' to support the share price beyond 10p for a placing. That would have been a good result.

But the market has their blinkers on and can only see "More drilling / 2025"

When all said and done .. it's all about trusting the CEO .. what else can we do
They have more skin in the game than us

Share price of course has and continues to be dismal, but being a junior explorer with no cashflow, anything is possible.

However I have seen nothing to change my mind about the fantastic prospects

ODR
Posted at 02/9/2024 13:29 by master rsi
From the UPS thread...
Master RSI 2 Sep '24 - 13:18 - 21 of 21 Edit
UPS
EEE 7.05p ( 6.90 v 7.20p )

This morning marked down to lower last Friday's intraday low is a point I was expecting, it now needs buyers to start the bounce back as the share price is at the support point, help but the large Fibonacci retracement over 76.8% and Stochastick at oversold.
Posted at 29/8/2024 16:10 by master rsi
In 10 days many things change in life and share prices after a good run.

------------------
MasterRSI - 21 Aug 2024 10:37 - Price: 8.15
Cevodniya

It is good to believe in a share, as I do, but it is good to know when to buy.

At the moment the share price looks like it wanted to have a break from the good rise we had lately and with the MMs permission is retracing, but with your good size buying, the share price is holding the drop to a smaller fall.

On holding your intense interest at the moment, you would have bought the same stock much cheaper in a couple of days.

It is not easy for some when to buy, but one can learn
Posted at 14/8/2024 20:23 by sandbag
Thanks for noticing that, Redhill.
It was announced today that the alter stone at Stonehenge actually came from North East Scotland. This was found by a team from Curtin University.

From the BBC website:
"The breakthrough was made by the team at Curtin University who analysed the chemical composition of fragments of rock that had fallen off the alter stone and dated them.
The composition and date are unique to rocks from different parts of the world, rather like a fingerprint.
The Australian team had access to one of the most comprehensive global rock fingerprint databases........"

Curtin are acknowledged as one of the top universities in the world regarding mining, geology etc and are working with / advising EEE. If there was any doubt about what EEE have got Curtin would have found out by now.
I believe that the share price is where it is because the market knows what we have but wants to know how we're going to convert it to cash and how much? I don't think they'll have too long to wait with Sean at the helm
Posted at 09/8/2024 08:28 by lee181067
Sorry I was meaning my shares in EEE are down 25% and whilst I do see lots of + news and comments on the board I just struggle to understand why the share price doesn't reflect that ....I'm still quite new in terms of share holdings so trying to understand a little more
Posted at 06/8/2024 18:13 by gta5
For what it's worth, I'm quite happy with this quiet period, as boring as it might feel to see the share price slowly bob along mostly unafected by the big market swings, but the real work at EEE is what goes on behind the scenes, in the lab, test-tubes, microscopes and xrays.... Im sure we all wish it went quicker, but SB made it quite clear that they were looking at months of testing in order to get preliminary answers/knowledge about the optimal processing routes that will be used for the pilot plant.
For what it's worth, I am keeping my fingers crossed that whatever they come back with -initially- is positive and clear enough to convince the big players, or at the very least to get enough buzz in the market to push us up to the 20's before the next placing. (Assuming they're not able to get grants/loans to cover the pilot plant cost)
Lets hope that SB and the board are as shrewd as I hope to get us far away from these depressed share prices.....(Note to self; Top up more you fool!?)
Shouldn't be much longer now.... Weeks at most?
Just a little more patience needed....

GL,

GTA.
Posted at 25/6/2024 10:48 by saracen3
From share price Angel morning note

Empire Metals* (EEE LN) 8.8p, Mkt Cap £53m – Industry presentation highlights growing appetite for natural rutile products

(Empire holds 70% of Pitfield, Century Minerals, which is run by two geologists holds the other 30%. One of these geologists works for Empire.)

Empire Metals hosted a ‘Titanium Breakfast’ presentation last week, with industry expert Gerry Colamarino.
Managing Director Shaun Bunn provided an update on the Company’s large-scale, sedimentary hosted Pitfield titanium project.
The Company has recently identified a shallow-lying, weathered body dominated by Rutile and Anatase.
The TIO2 minerals are believed to have been weathered into form from titanite, which makes up the majority of mineralisation in the lower-lying bedrock.
Empire’s focus is currently on developing a processing route for the higher-value rutile/anatase, given its easy access for cost-effective strip mining at bulk scale.
The sector presentation highlighted the various products utilized in the industry, ranging from sulfate and chloride feedstocks and titanium metal sponge.
Whilst chloride feedstock is dominated by integrated producers such as China, Tronox and Eramet, ilmenite feedstock supply remains vulnerable from a fragmented group of juniors in higher risk jurisdicitons.
The longer term supply of pigment industry feedstock remains challenged by a limited number of projects in challenging jurisdiction.
Whilst short term supply of sulfate ilmenite products is expected to suffice, longer term tightness is anticipated.
However, synthetic rutile producers in China are driving increasing demand for ilmenite which remains limited by climbing OPEX costs and declining rutile/zircon reserves and persistent grade decline.
As a result, Empire is in a strong position to develop its product for a feedstock-hungry downstream industry, with management looking to various end product options from Pitfield.
They also highlighted the optionality of producing a titanium sponge product to feed into the higher-value aerospace industry, which is dominated by Japanese producers.
A key thematic of the presentation was the dwindling supply of natural rutile products, which hold a 95% TIO2 concentration vs Chloride Ilmenite products at c.60% and chloride slag at 85% TIO2.
Alternatives such as synthetic rutile are expected to see supply constraints as emissions controls and carbon taxes weigh on smelting profitability.
As a result, Empire’s Pitfield project is well positioned to feed a growing and hungry market, assuming the team is able to prove a processing route at scale.
Management has highlighted their expected processing route in a recent presentation:
“Rutile, anatase and titanite considered to be “non-refractory” minerals and should dissolve readily under low temperature acidic conditions.
An initial mineral separation stage followed by acid leach is likely to produce a high-quality TiO2 product (>95% TiO2).
The flowsheet will not require an energy intensive, smelting process as used by the igneous sourced “hard rock" ilmenite miners.
Aim is to make a pigment quality product for marketing directly to the end users for use in the manufacture of paints and coatings, plastics and paper.
Potential exists to further refine the TiO2 product to produce titanium metal (sponge).”
Conclusion: Empire is well positioned to take advantage of a growing desire for long-life, alternative supply of titanium product feedstocks as supply becomes increasingly constrained by depleting reserves and deteriorating economics. The Company is exploring routes to maximise value for its shallow-lying rutile/anatase deposit alongside its substantial titanite exploration target which lies below. The team is well supported by several titanium industry specialists and is currently looking to develop a fully integrated process to produce either a high-value TIO2 pigment product or titanium metal. Pitfield benefits from accessible infrastructure, including gas pipelines,p powerlines and port infrastructure. We look forward to metallurgical results to come over the next few months as the team continues to develop the new discovery.

*SP Angel acts as nomad and broker to Empire Metals. Partners of share price Angel hold shares in Empire Metals
Empire Metals share price data is direct from the London Stock Exchange

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