Ann: Higher Gold Grade and High Gravity Recovery -3rd Campaign, page-30

Bushblock the expectation that a ‘true position’ will be revealed by a Management that has been using obfuscation and sleight of hand and ‘pass the potato ‘ tactics for the entire ten years or so since Empire’s inception - a launch that held a glowing hand of possible prospects that have all come to nothing ( all but Penny’s Find, the ‘last card’ which they tried to flog off a few years back for $4 million ) may be a little romantic.

The comment DYOR is an important one to use with Empire .
For instance when I was a holder and finally looked deeper it seemed to me that Brimstone was registered to the same suburban house as a defunct public company - an eco supplies building company that may have disappointed shareholders when it was delisted ?
-That Brimstone actually tried to launch as a public company but failed to generate enough interest?
-That public company salaries have been consistently drawn but that rather than those salaries being used to purchase more shares in their own company when times are hard those salaries are used to make loans to Empire.
-That rather than take something like 10% of the gold ( a 9.5% smelter royalty ) in return for delayed payment NRW Holdings dropped Empire like a hot potato once they examined the company..leaving it to the wiley Blue Cap .....
-That the potential buyer at $4 million ..was it 2013? ..Anglo Gold....actually paid over a deposit but backed out of the deal regardless.
-that the prospectus notes something like ten serious companies went over this ground very throughly (it used to be a mine in the old days) once extraction methods improved to assess if there was value ...


Of course the price of gold has gone up .
And there is always another card up the sleeve of the true magician...
And one should give both people and companies the benefit of the doubt ....
And mostly the people here these days have averaged down or bought in very low so no doubt it will all come good.


It would be a nice turnaround story if it did
And I wish for you and all holders that it does.