EM2 - Eagle Mountain Mining

[Trav.]

Eagle Mountain Mining Limited (ASX:EM2), established in 2017, is a copper-gold explorer focused on the strategic exploration and development of advanced and greenfields projects in Arizona USA.

Arizona is at the heart of America’s mining industry and home to some of the world’s largest copper discoveries, now owned by major mining companies including BHP, Rio Tinto, Freeport McMoRan and Hudbay. Eagle Mountain’s Oracle Ridge and Silver Mountain Projects are within the Laramide Arc which hosts many of these significant copper porphyry deposits.

Eagle Mountain Mining

Copper & Gold in Arizona

eaglemountain.com.au

https://twitter.com/eagle_mining

https://www.linkedin.com/company/eagle-mountain-mining-ltd/

 

[Trav.]

EM2 going strong and with copper doing well you really can't go wrong here.

Extract from latest announcement

Weekly Chart below for EM2

 

[finicky]

I'm only looking for sells currently but this chart might have attracted me if in spec buy mode.
I like the small bodied but higher volume weekly candles, seemingly cementing price around 20c. Has moved outside the downtrend and a bit of momentum divergence.
Copper exploration project in Arizona. Had the backing of spec meister T Locantro in 2021 and he mentioned it again at this depressed price. What a terrible year he's had with his 2022 picks, sounds like clients are bailing on him. His copper comments at about 2.40

Not Held
Not Buying

Weekly

 

[finicky]

REQUEST FOR TRADING HALT
Pursuant to ASX Listing Rule 17.1 Eagle Mountain Mining Limited (“Eagle Mountain, the
Company”) requests a trading halt on its securities pending the release of an announcement
regarding a proposed capital raising.

 

[finicky]

Raised $5m by placement @ 0.165 and M.D is putting in $2m of it, that gets my interest.

Not Held

 

[Dona Ferentes]

Another aspiring Copper small cap that gets a mention is EM2

Barry FitzGerald: Copper is finishing 2022 with a bang. Add these two juniors to your watchlist - Stockhead

There is lots of chatter that the timing of the take-off in copper prices might need to be brought forward from 2025...

stockhead-com-au.cdn.ampproject.org

 

[The Triangle]

Raised $5m by placement @ 0.165 and M.D is putting in $2m of it, that gets my interest.

Not Held

View attachment 149628

Normally I would agree that a $2m share purchase by a director is a good thing. But Bass made a few hundred million from Aquilia several years ago - so my question is: Is this now his retirement hobby? Or is this a genuine investment?

He also bought $1,000,000 at 45 cents (24/03/22)... And there was another $1,000,000 at 65 cents (28/09/21)... And then there was the $1,000,000 loan repayment (26/08/21) made via shares at 76 cents.... Then there was the $2,000,000 at 35 cents (22/02/21)... SP today closed at 17 cents.

Still - no matter how you slice it he'll probably keep pouring $$$ into the pot but pouring money into the pot doesn't mean drill rigs strike high grade thick copper or the share price goes up.

 

[finicky]

EM2 @ 19c
Chart has recovered well after the dip caused by placement and SPP @ 0.165

Not Held

Weekly

 

[finicky]

Strong move with volume today on the announcement that they are ready to drill from underground at old Oracle Ridge mine, the project that T Locantro 'colorfully' some time ago called the cheesecake when they get to it. Don't really understand what the metaphor is but sounds enticing. Mgt is saying that they're looking at 4 kms of exposed mineralisation along the wall of the old mine and that drilling will be cheaper because of short accurate stabs at what they can already see. Got a strong feeling I'll regret not buying into this one. Oh well, I'll always have Kingwest (KWR) to brag about - nailed it.

 

[TechnoCap]

Strong move with volume today on the announcement that they are ready to drill from underground at old Oracle Ridge mine, the project that T Locantro 'colorfully' some time ago called the cheesecake when they get to it. Don't really understand what the metaphor is but sounds enticing. Mgt is saying that they're looking at 4 kms of exposed mineralisation along the wall of the old mine and that drilling will be cheaper because of short accurate stabs at what they can already see. Got a strong feeling I'll regret not buying into this one. Oh well, I'll always have Kingwest (KWR) to brag about - nailed it.

View attachment 152067

View attachment 152068

very nice volume increase and price movement for further upside.

could be looking to smash through $0.285 and recognise a technical uptrend and a potential bull run

Held at $0.155

 

[Dona Ferentes]

Up a bit today on news, to around 20c. Market cap is $50 million