The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Well on the strength of that I have put another £6200 in. Just a matter of being patient.
Justone - good to see some fresh buying coming in to join you, you'll be in the money soon enough...
Well I couldn’t resist adding another 5k. 950k for me now, on a gamble of getting approval. The market is impatient, and we could drop further, but for me the value screams out as is. This will bag IMO.
50% margin business
Low enough capex requirement
Global demand for the product soaring
Offtakers queuing up
SRI Lanka government wants this up and running ASAP PLUS further exploration on the licence to expand the project
I'm not sure the word you're looking for is 'gamble' lol
That was one of the most confident items that I have listened to or read about CMET. I added another chunk pretty much straightaway (a bit impulsive but there you go). Next RNS could be a real belter announcing drilling at the other licence and EIA approval.
Time to start loading up here me thinks?
Interestingly CMET have just tweeted “…The EIA should be within a month. We’re looking at first production in the first half of next year…” so they are VERY confident the EIA will be in August! And more importantly that this previous delay has not changed the expectation of production in H1 next year. Bring it on
In the top 3 risers.
Once EIA given, the relative small free float will mean that SP will rocket.
We all know that this is an absolute mega bargain price for high grade low capex resource.
Doc Holiday bought at 19p 6+ months back - not sure whether he is still holding.
My guess, upon EIA, 50%-70% leap -
Even after a 50-70% leap, SP then would be 15p - 17p
This means that EV WOULD, after the SP increase, be £20-22mn - peanuts still given the economics of the project.
Mr market thinks it is a gamble, but always goes to extreme’s greed and fear. Hopefully after that interview the fear will subside and we will swing the other way. I would like to think this share could be a pension maker! High added value, low cost, appreciating prices, and near limitless supply of sands, it will see my children out!
If you look at the dividend yields on other Mineral Sands miners and you invest now, this would provide a handsome return once it starts paying out.
Expected Production H1 2022 - still on track
= FCF
= ker ching !
Just shows interviews sometimes are better than RNS reach announcements. I think it allows a bit more info to be explained. We must remember where this has fallen from purely because of delays and impatience. I thought early teens was incredible bargains so onwards and upwards.
as someone on twitter said, this is going up on fumes.
74% of equity not in public hands and can't be traded until Jan 2022 - and I'd say another few % in public hands won't be traded for a good while either (certainly mine won't).
SO when this moves on actual real news it'll be rising on not that many tradeable shares - if you're not long now, why not?
The main legacy investor is still in at £1.00 SP equivalent.....only one way this is going
I think we should see the end of sub 10p going into the next RNS. Fantastic to hear they are still looking at production within the timeline. Also good to hear that 70% of the population has been vaccinated, which is on part with a lot of western countries actually (or not far off). That should mean, hopefully, that impact of Covid might me minimal going forward.
Very large volume being traded today...
Wish I had some more pennies to add myself, circa 45% underwater here still but it shows how quick it can move on news - or podcasts lol
KMR - is a company that Cmet is seeking to emulate. They have done extremely well over the past 12 months + - fantastic SP appreciation.
In actual fact, Cmet's resources are of a higher grade.
So much of their resource to be explored, tons of upside.
Doc Holiday gives info on Cmet during his April 21 Interview - additional insight from someone who is close to management
35:00 onwards
https://total-market-solutions.com/2021/04/guest-interview-vol-12-doc-holliday/
If Cmet had not been hit with Covid delays, the SP would have been far far higher.
At least we can all start to look forward now and with a degree of confidence. The last few months have all been about delay and uncertainty. Everything looks like it will come together nicely here in the second half of this year. Hope so anyway.
Hi Scooby321 - are you invested or researched in KMR? Would love to hear more about comparisons etc.
Or anybody else for that matter and not just re KMR.
Hi Legalwolf
I know the salient info -
I do not hold KMR.
I know that KMR's excellent stock altho as far as I see, is rather fully priced IMO (hence sideway movements).
Chris Mills of Harwood Capital (top man) was banging on about it around Nov 20 in an v o x interview with Paul Hill. Come to the most recent interview together, if I recall rightly he mentioned that there is still scope for appreciation albeit limited.
W.r.t grades, I am also invested in JAN, which also has a Titanium Oxide and I am aware that JAN's grades are higher than KMR.
I'm aware that KMR's capex was considerably more than over here.
There are probably a few more experts in KMR than me on this board given that we have attracted qutie a no. of PIs from KMR.
Thanks Scooby321 - I will take a look at both of those companies as background research for CMET. Next week should be interesting in terms of sp action.
LW also take a look at Strandline Resources although I think we discussed it on the BB a few months back.
http://www.strandline.com.au/IRM/content/default.aspx
This is what DRJJ wrote about Strandline Resources on June 9th:
"Crazy to think #cmet @MetalsCapital continuing to see minor movement down. Took a look at Strandline Resources this morning who are approaching production in 2022 for there 150m mineral sands project. Market cap in early 2020 was $44m now $245m... what is the market missing for capital metals."