ERL - Empire Resources

[greggy]

Originally Posted by greggy
They have a number of interesting projects and I am also aware that there will soon be a loyalty share issue on a 1 for 2 basis.


Greggy, I'm aware of the loyalty share issue plan too (great bonus )but not sure when is the record date. Do you have any idea?

On page 5 of ERL's Prospectus it states "The Company intends yo undertake a "loyalty" option issue. The offer will be made to all Shareholders registered on the date approximately three months after the Shares commence trading on the ASX.." I believe that ERL listed at the start of Feb 07.
Also, in further reading last night, I notice that ERL's Chairman, Mr Adrian Griffin, is also on the board of Northern Uranium. This I find vey interesting considering Northern Uranium's extremely strong run since it listed.
I am also encouraged by Mr David Sargeant's, ERL's Managing Director, recent buying on 23 Mar 07 and 26 Mar 07 of a total 211,105 shares on market. Mr Sargeant, being MD, surely knows more than just about anyone else about this company. For him to increase his holding is a very positive sign.
DYOR

 

[Jus]

On page 5 of ERL's Prospectus it states "The Company intends yo undertake a "loyalty" option issue. The offer will be made to all Shareholders registered on the date approximately three months after the Shares commence trading on the ASX.." I believe that ERL listed at the start of Feb 07.
Also, in further reading last night, I notice that ERL's Chairman, Mr Adrian Griffin, is also on the board of Northern Uranium. This I find vey interesting considering Northern Uranium's extremely strong run since it listed.
I am also encouraged by Mr David Sargeant's, ERL's Managing Director, recent buying on 23 Mar 07 and 26 Mar 07 of a total 211,105 shares on market. Mr Sargeant, being MD, surely knows more than just about anyone else about this company. For him to increase his holding is a very positive sign.
DYOR

Thanks for the infos mate.
About Mr. Adrian Griffin, I had a quick read, apparently everyone wants a piece of him He's not only the Chairman of ERL and a Director to NTU, he is also the Managing Director of WRL, HDG and also a CEO to Dwyka Diamonds(AIM listed). A busy busy man indeed! Hope ERL benefits from his broad experience.

 

[greggy]

Thanks for the infos mate.
About Mr. Adrian Griffin, I had a quick read, apparently everyone wants a piece of him He's not only the Chairman of ERL and a Director to NTU, he is also the Managing Director of WRL, HDG and also a CEO to Dwyka Diamonds(AIM listed). A busy busy man indeed! Hope ERL benefits from his broad experience.

Hi Jus,

What excites me about Mr Griffin is his French connection via NTU. Maybe down the track, the French will become one of ERL's JV partners on its uranium projects. This is just wishful thinking at this stage, but who knows what might happen down the track. May I ask what attracted you to ERL?
DYOR

 

[Captain_Chaza]

I missed out/hesitated on the Loyalty Bonus on BWN 6 trading days ago.

I'm not taking any chances this time.

My Fast MACD crossed over on Thursday.
I jumped onboard on Friday and am hoping the normal MACD will cross over on Monday/Tuesday for confirmation?

Salute and Gods' Speed.

 

[greggy]

I missed out/hesitated on the Loyalty Bonus on BWN 6 trading days ago.

I'm not taking any chances this time.

My Fast MACD crossed over on Thursday.
I jumped onboard on Friday and am hoping the normal MACD will cross over on Monday/Tuesday for confirmation?

Salute and Gods' Speed.

Hi Captain Chaza,

I bought 200,000 shares on Friday. Were you the buyer perhaps of the other 60,000.

 

[Jus]

Hi Jus,

What excites me about Mr Griffin is his French connection via NTU. Maybe down the track, the French will become one of ERL's JV partners on its uranium projects. This is just wishful thinking at this stage, but who knows what might happen down the track. May I ask what attracted you to ERL?
DYOR

Their U308 exploration in SA...... and WA (if Carpenter lifts the ban). Btw, they do have good gold grades and some other metals too.

 

[greggy]

Their U308 exploration in SA...... and WA (if Carpenter lifts the ban). Btw, they do have good gold grades and some other metals too.

Its most exciting project for my liking is the Torrens Project, an Olympic Dam style copper-gold-uranium project in SA. The Torrens Project is situated 170 kms sth east of the Olympic Dam mine and 70 kms sth east of the Carrapateena copper-gold discovery. Its also 40 kms sth east of the Punt Hill Project where there have been a number of recent IOCG type discoveries. The Torrens Project consists of two granted exploration licences covering 797 square kms. It is apparently drill ready. ERL has recently commenced a geophysical survey at this project (as well as one at its Yuinmerry Project) to define further drill targets. ERL will begin drilling on the existing targets from Mar 07 onwards, as well as any new targets identified.Having purchased and successfully traded VMS primarily for its Churchill Dam Project located in the same region as the Torrens Project, I am hoping to repeat this success with ERL. After realising that ERL's MD increased his stake during the past week, I decided to buy into the stock on Friday after determining that this company had a number of interesting projects. The upcoming option issue is just icing on the cake.
DYOR

 

[Captain_Chaza]

Hi Greggy
I am only the proud owner of 50,000
$10,000 is my limit on the Penny Classes of sail as an initial investment

Safety is Paramount at sea on the ASX,Ya know?

Salute and Gods' Speed

 

[greggy]

Hi Greggy
I am only the proud owner of 50,000
$10,000 is my limit on the Penny Classes of sail as an initial investment

Safety is Paramount at sea on the ASX,Ya know?

Salute and Gods' Speed

I don't have a limit as such. I just assess every spec on its merits. As far as ERL is concerned I feel that it could end up being a stong performer as its already shaping up to be a very active explorer of its interesting tenements and has experienced geologists.
DYOR

 

[Jus]

I don't have a limit as such. I just assess every spec on its merits. As far as ERL is concerned I feel that it could end up being a stong performer as its already shaping up to be a very active explorer of its interesting tenements and has experienced geologists.
DYOR

I agree. ERL should perform well medium - long term. Compared to its peers, ERL is still cheap. They have all potential tenements, experienced geologists as well as management.

 

[Jus]

Greggy, 1st quarter report is just around the corner. Can sp hold up at current level? what do you think?

 

[mhtrieu]

Jus, I brought this on float. I remember reading the prospectus that everyone in management has 20+ years geology experience

ERL has been very busy since listing, they have done much more than what many companies do in twice the period. This company has quality management and quality projects. Things will happen very quickly with ERL this year.

The drilling at Troy was delayed due to cyclone George and Jacob. Im pretty sure the drilling is going to happen this month. Geophysics survey for Torrens is already completed, they are now actively seeking a drill rig.

All the details will be in the quarterly report coming out this month.

 

[Jus]

Jus, I brought this on float. I remember reading the prospectus that everyone in management has 20+ years geology experience

ERL has been very busy since listing, they have done much more than what many companies do in twice the period. This company has quality management and quality projects. Things will happen very quickly with ERL this year.

The drilling at Troy was delayed due to cyclone George and Jacob. Im pretty sure the drilling is going to happen this month. Geophysics survey for Torrens is already completed, they are now actively seeking a drill rig.

All the details will be in the quarterly report coming out this month.

Thanks for the reassurance mate. I know they have potential tenements that's hold for long term but somehow ERL isn't as popular compared to other U stocks.

 

[mhtrieu]

Jus, their primary focus at the moment is not uranium. At the moment its more of a gold play. They havent begun doing any drilling for Uranium just yet. When they do it will rocket like every other uranium stock @_@

If your in it for the long-run i wouldnt be too worried about its daily share price. I've spoken to one of the directors before, they are very ambitious people. With this sort of tenements you should do well. I just hope they use the funds wisely.

 

[greggy]

Jus, their primary focus at the moment is not uranium. At the moment its more of a gold play. They havent begun doing any drilling for Uranium just yet. When they do it will rocket like every other uranium stock @_@

If your in it for the long-run i wouldnt be too worried about its daily share price. I've spoken to one of the directors before, they are very ambitious people. With this sort of tenements you should do well. I just hope they use the funds wisely.

This is a stock that has just listed and a little patience is warranted. Its good to see active exploration having already commenced on a number of its tenements. With all the exciting surrounding the Gawler Craton, I eagerly await the company's commencement of its drilling program at its Torrens Project in SA.
DYOR

 

[Jus]

Ann. dated 27/2 says additional samples from Penny's Find gold project will be released with the quarterly report. Isn't it about time for the quarterly? Can't they release the ann. seperately?

 

[greggy]

Ann. dated 27/2 says additional samples from Penny's Find gold project will be released with the quarterly report. Isn't it about time for the quarterly? Can't they release the ann. seperately?

The initial results released in Feb 07 were very good, including 24m @ 8.64g/t gold. There's a few weeks to go before the deadline for releasing quarterly reports. If they wanted to there's nothing to stop the company from releasing any announcements separately.
I notice that ERL is a bit weaker today on low volume in the lead up to the Easter holidays.
DYOR

 

[Jus]

Written by Robin Bromby, March '07, the Mining Week

Tabs on uranium
KEEPING track of the uranium hopeful stocks is almost becoming a full-time job. These are some of the announcements that came out last week:

* Empire Resources (ERL) has taken an option over the Yarlarweelor uranium prospect 125km north of Meekatharra in Western Australia. Exploration done on the area between 1978 and 1982 by the Italian company Agip identified uranium mineralisation at several locations, the company said.

 

[greggy]

Written by Robin Bromby, March '07, the Mining Week

Tabs on uranium
KEEPING track of the uranium hopeful stocks is almost becoming a full-time job. These are some of the announcements that came out last week:

* Empire Resources (ERL) has taken an option over the Yarlarweelor uranium prospect 125km north of Meekatharra in Western Australia. Exploration done on the area between 1978 and 1982 by the Italian company Agip identified uranium mineralisation at several locations, the company said.

Hi Jus,

ERL has been very active since listing on 1 Feb 07. The Yalrlarweelor Uranium Project looks very interesting. Previous work on it has been done by Agip and Uranex Pty Ltd between '78 and '92. Previous intercepts include 2 metres assaying 630ppmm U308 in one hole and 24 metres assaying 310ppm including 9 metres assaying 570ppm in another one. There were apparently many interesections of anomalous radioactivity according to exploration reports held by the Dept of Industry and Resources.
DYOR

 

[Jus]

Hi Jus,

ERL has been very active since listing on 1 Feb 07. The Yalrlarweelor Uranium Project looks very interesting. Previous work on it has been done by Agip and Uranex Pty Ltd between '78 and '92. Previous intercepts include 2 metres assaying 630ppmm U308 in one hole and 24 metres assaying 310ppm including 9 metres assaying 570ppm in another one. There were apparently many interesections of anomalous radioactivity according to exploration reports held by the Dept of Industry and Resources.
DYOR

Thanks for the info.