Empire Metals - EEE

Good morning all,
well another step up in the SP of EEE this morning following a confirmation of scale up processing success. Current SP is 55p (ish) which is no mean feat.

We still await the main event, the Maiden Resource Estimate (MRE) which if comes in as hoped should add further to the strong upward trend,........... to where, well that is the million dollar question .

Talk of between a 40 to 60% uplift from here could be over cooked.

However, it has got me thinking of exit strategies.
What is the consensus view on such things?

I am around 600% up but I know there is more to come.

I have a figure where I am happy to begin top slicing or even locking in significant profit (e.g. sell 2 thirds and let a final third roll)

With the sums involved I am looking to put this towards early retirement and that is only 3 years away, so a certain degree of de-risking would be prudent?


I Would appreciate the thoughts and experience of the members as it is not a well trodden path for me....

EEE - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...xlvYVDelCagfoPkBw%3D

Nice gap up above the stubborn key resistance area around 30p. Should now turn into a good support level.
Think this should by all intents and purposes head towards the mid to high 40's now....while that 30p gap is held.

lets see...

Hope your keeping well folks and enjoying the fab summer weather!!

atb, wdik, dyor,
trendfriend

Hey TF, nice to hear from you again.

Yes, I provisionally mapped out 21.5p as a "must hold" region if the retrace supports are valid.
If you take the fib from Dec 03rd 2024 (Low) to the recent high Tue 24th June, the 38.2% Fib retracement is around 21.3p so rough round up to 21.5p,
There is also a gap (on Pro-real charts at least) around 22.5p.

I would say if these zones are held it would give confidence that bullish momentum is intact and higher highs await

eee- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...0UpxYUq0Fr2OFKWQw%3D

important consolidation taking here. ideally need to hold around the 22p area which is showing as todays low.
This should bounce back strongly imvho...and continue to make more highs.

Lets see.
atb, wdik, dyor,
trendfriend

AdeMcG. Hope your keeping well!

Thanks for the message, pleased you smashed it!!
Btw...Its all you! your trade and cash! your research and you pressed the buy button!
Well deserved and well done for holding tight for the gains!

On a seperate note take a look defence holdings...the ticker is ALRT
Nothing technical on there...just a hunch but i bought my second small buy on there today.
High risk off course, so lets see.

let me know what you think.

atb, wdik,dyor,
trendfriend

What a week this is turning out to be....I am now over 200% up on this, for which TF I will forever be grateful for your initial post on EEE