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It will be 2026.
It’s got to be 2025 If they’ve published that on LinkedIn. At the time in the interview it did seem like Greg got slightly muddled on dates (who’s got a clue which year it is now, yet alone calculating dates out 😂)
It's bizarre they reference that interview where he clearly says Q1 2026.
So which is it Greg? Tweet or something.
According to the following post from CMET
"Near term development & production with first output expected in early 2025"
https://www.linkedin.com/posts/capitalmetals_capital-metals-aimcmet-high-grade-long-life-activity-7191680866044022785-YqIZ?utm_source=share&utm_medium=member_android
Feeling in these old bones that our wait for at least more positive news is coming to an end ,
A very quiet BH Monday! I suppose the good news is that there’s only going to be seven trading days left before the 15th.
It's a quiet waiting game. The nail biting bit of investing.
If I make a fortune here then possibly some transfers over to other similar shares. But, don't want to push my luck too much. If I make 1.5 million from my investments over the next couple years (that would be my dream!). I won't be pushing to make 3, 4 or 5 M. CMET needs that deal first though. Good luck to all of us! All for some good tip-offs btw.
@smkr - you're right if CMET actually close the deal in the next month (I'll give them a bit more time beyond the 60 days, you know my opinion on that) there is better short-term potential here.
Good luck with it Paul. I've looked at it before a few times. Listened to all the Sunday Roast podcasts etc. You might be right, I just fancy our chances in the medium term here.
@airborne let's hope we don't have to relive that nightmare!
Hopefully this will provoke a laugh!
I’ve got a new laptop, which I set up last night. I’d imported all of my cached data and came and opened this page this morning. For some reason it opened up on the conversation from April 2023 where we were having something of a meltdown over the licences being pulled! Same familiar names so it completely threw me. My heart nearly stopped as it was all talk about the GSMB and their d*ckheadery - I thought ‘not again!!!!’
Thankfully we’re past all of that now. And breathe!
Good luck but I'll stick with CMET. Hopefully, a great deal will be with us very soon. Maybe tomorrow??
@SMKR re SVML, Rio is the strategic partner there, they not only own 15% of svml but are also the largest mineral sands producer globally. In all probability on the completion of the DFS Rio will make a takeover bid. Less risk for potentially very big rewards, plus svml rutile deposit largest in the world drawfs CMET.
But of course I still hope cmet does well after all I am invested.
Hi all,
as we sit here awaiting news lets look at the situation both for us and global sentiments to investing post covid when a LOT of long term investors got hijacked and saw years of loyalty, dreams and plans destroyed.
we are a company with a 5p SP who have £2.5M in the bank and no mining production. what we have is potential and maybe a plan. However this plan is not within our gift and outwith our control. at the moment.
we have all had a guess at what our share price might be short , mid and longer term.
now, potentially in a few short days, weeks....tomorrow. we may well be a company with over £80M in the bank and a realistic plan for mining production with both a fantastic annual margin and owners of the BEST grade of mineral sands globally. fortunately, luckily and timing wise magical. Mineral sands resource is now a BIG deal in the world of resource. its a very hot commodity thanks to east V west resource battle. there is no rhyme or reason to it but if this is one of their battlegrounds we have been very lucky indeed.
so back to my point......5p SP in a company that has potential and £2.5M VERSUS a company that has all of the above, plus a world renowned partner, a hot commodity, geopolitical games, a government on board and proven quality product. my opinion is when it drops we are going to go to 25p -35p, we will see buying and selling in the millions daily and when we start to offtake the LTH will be rewarded with well over £1 per share.
all of this is caveated because who knows what the market will like or think. there are floundering companies that have huge MCap for no discernible reason and great companies that are peanuts.
the one thing i believe that will make us fly over the next 3 years is this fact.....................WE HAVE NO DEBT. the massive corporate investors hate deabt as they have no control over terms or hedging..........DYOR
the best companies HAVE NO DEBT...
sorry all, i got there eventually, have a good one
Ando
Never mind Sebo. He said svml is a better opportunity at £149m market cap. Lol .. you’d have to see half a billion plus market cap to get the minimum gains you’ll see from here in coming months.. can’t see that happening on an illiquid share like that any time soon
Crucial takeaway - there is plenty of cash in the bank & there is no imminent dilution.
All about timing with these high volatility shares and factoring in where they are in their life cycle (eg Lassonde Curve). Getting in ahead of financing is usually a good point, and I note the chart is also looking very constructive/expectant. Therefore, I think this could start to make its next move up in the run up to this financing news. It doesn't have a huge free float and lots of shares are in sticky hands!
So a good time to be in CMET me thinks but let's see how it all transpires. GLA
My target is clearly much higher than yours. Nevermind, the newbies will happily buy your cheap shares at 20p. Then you can watch the SP rise to £1+ -- what fun, non? Sour grapes! Timing is everything!
LW, very true most of these guys will most likely be gone by 15p if not earlier - and good luck to them they are now in at very low levels. I also have my exit levels and I can tell you I won't be waiting for 40p! Unless it's on a spike of course...
Let's be honest, how many of us are going to hang around that long anyway, or even to production? How many here will see this through to 40p, never mind £1 plus!
I disagree with the wild statement. £100M for a project of this scale is nothing. Even at 'only' 50%, it isn't pie in the sky to imagine a value of £1B one day.
LW, I always welcome your considered opinion, what some of the new investors fail to understand is that when others have more 'conservative', or what I like to term realistic, opinions it is because we've been here for years and been through every permutation possible with this outfit.
The other thing that has substantially changed since the MF days is that he led us to believe that financing, secured through an off-take, would reap its benefits from securing the product (essentially how CMET would pay-off the off-take, that, hinted-at, model is off the table with us now giving up half the current and all future potential of the product (that's fine it's another model, probably more realistic) but with that in mind you have to now reexamine all the investment/ROI models recognising that only 50% of the benefits will now flow to CMET shareholders.
As I said not a bad thing - it moves the project forward and it's not a zero/negative return which is what some of us were staring into at the height of the SL corruption shenanigans.
That has to colour any shareholders view of the project and honestly some of the utter wild valuations being flung around are simply silly, AT LEAST as things stand.
I hope so Sebo, I do think we will get there I am just a bit more pessimistic with timescales after the interview. But more confident Greg has the deal in hand.
I don't think they they can start the drilling until they have the finalised the deal. I would imagine the JV will also cover the costs of drilling. Also, if the deal falls through, then it will impact on CMET's own plans and deployment of cash.
Re 15 May, I don't think anyone in his position can say the deal will definitely be done by X or Y date, because that is out of his hands and he can't guarantee anything. However, he opened the interview with 15 May as the date that the parties have to conclude the deal, and then he mentioned "advanced" stage with Sheffield. Therefore, overall I got the impression that 15 May is still the date, but whether it completes by then or takes a short while longer remains to be seen.
I didn't get the impression it will be LB, and remain of the view that if they were going to do the deal, they would have done so by now, as he confirmed they had completed their DD a long time ago. All imo and GLA