Post by
blackgold14 on Mar 29, 2021 11:17pm
Seriously Getting Pounded
I'm a little surprised that the stock has gotten and continues to be seriously pounded lately. Of course, a few investors who participated in the latest financing were liquidating some or al of their positions in order to pick up the warrant in the deal but normally once such bought deal financings close, the price adjusts quickly to reflect the big vote of confidence by the investors. It will be interesting to see how quickly the stock consolidates and then turns sharply higher. My guess is that the company will be announcing some acquisitions fairly soon - this could be the trigger IF the deals are going to produce immediate or very short term (2021) cash flow for Empress. Looking at the stock chart, I suspect that the parties involved marched the stock down from the $1.20 level, all the way down to the $0.50 level because they wanted cheap stock in a quality up and coming gold/silver royalty stock. I've seen this happen quite a lot in the past. The dilution associated with the financing should not be a serious problem for the company going forward if it executes and acquires substantial cash flow with the funds. I see a new Metalla possibly forming with this company if they can execute and limit dilution in the near future.
Comment by
BullionGirl on Apr 01, 2021 9:42am
There are lots of royalty companies now. What makes Empress different is the three partners it has in London, Australia and Mexico. I think they would definitely be able to supply lots of business opportunities!
Comment by
Hopeful123 on Apr 01, 2021 9:22pm
Alex has lots of work ahead..She needs to work the Africans more and get some good deals there.They like her and it seems her past in that region should be a great positive factor.