Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Some large trades coming in today!!!
The RNS was great to see on Friday, the share price is moving northward again, fingers crossed we can see 5p within a few weeks
A reminder of the basic terms of the talks with first funding party LB Group (£5bn market cap)..
You’d expect the new funder to be looking at similar levels of investment.
——
LB Group to fully fund the Project as defined by the IHC Mining independent Development Study
Report and Preliminary Economic Assessment announced in May 2022 ("PEA"), which is estimated to cost US$81 million. The JV will fund any expansion of the Project beyond the PEA parameters on a 50/50 basis.
Capital Metals to start earning its share of JV profits as soon as shipments begin, which could be within 12 months of the start of construction.
You know what I mean.... years ago when they were pretty much frer
Bitcoin in the 90s? it only started in 2009
Did you notice, i thought i was playing it low key...haha
i am heavily invested in this and 1 other, total gambles both of them....if one comes good then im very happy camper, both have very positive outlooks and both just awaiting official sign offs of sells/investment that will change them completely from AIM to FTSE250 companies.......you have to start somewhere ( i remember playing online games for multiple bitcoins back in the 90s....if only i knew) and both of these companies are in the resources business, my thought process being that the global need for resource will only increase in the coming years and months and when India gets its infrastructure sorted that will be the new china for the next 20 years.....one of these companies should sign off in the next 14 days and as we know this will sign off (hopefully) in the next 60 days........both are transformational and both are 10 baggers.........good luck to all, especially the people i annoyed with my moaning........BUT, in my defence when i saw the irregular share buys and the timings of these, i knew it was family and friends of people in the know (sri lankan officiala) and i called an incoming RNS........stay posted for my next correct prediction.
Yeah you were bricking it. I was getting bored of reading your rubbish but now you seem in a happy happy place lol
Stick with me SEBO buddy. I will keep you right, there's nothing wrong with being positive. The power of positive though is a thing it seems. Lol
Let's manifest 20p before May when I will find it very difficult to hang in there as that will be my £1M mark...
Wishful thinking but I'm a glass half type of guy so let's look for 50p minimum by Xmas when we will only be a couple of months away from first sellable materials,
OH and I forgot to mention that when we are producing , there will be a global shortage and record prices will be order of yhe day for at least 24 months
I have enough shares here, thank you very much.....I was absolutely bricking it as many on this board can testify, now I'm a very happy camper.
Watch the presentation on you tube the 155M is base rate worst case, the higher rate of approximately 250M is still under todays prices for the materials, at todays prices and the projected offtake on presentation we are over 320M NPV.
Remember.. they doubled the placing size in December after approach from long term investors. Who likely know a tiny bit more than us about the shape and size of a potential deal here.
They were willing to fund at 4.25p on the back of one Mou at that time. We know have two very interested and connected parties.
Here’s where you build some size before 4p’s come
“Following the announcement of a Subscription on 6 December 2023, the Company was approached by existing shareholders in the UK who wished to further support the Company and maintain their holdings.”
CMET is sponsored by one of oldest and most well-known names in the Far East, KLK, and they won't sell unless it makes sense for them. I do not know their holding but I expect it to be very substantial. That's what originally got me interested in CMET. I believe they want the long term income stream and another 'string to their bow'.
In my opinion increase of resource won't be a problem with
A. The issues we have had to face from that quarter, they are due us.
B. The tax monies, local employment and revenue/spend that brings
C. The precedent is set, other companies have it.
I recall this, but was this not based on the full NPV of the project, but we will be signing 50% away most likely.
Agree with Paul below, they need to analyse and lobby the Government to increase this resource from what they are currently looking at. Then maybe we could dream of 40-70p.
All in all though, great to some movement on this and looks like a good link up with Sheffield in terms of company and also the people having links to LB group.
Technically it's correct as all buys are sells by someone and all sells are bought by someone
I seem to recall the CEO during an investor meeting saying he thought it was highly likely to get a re-rating of 40-70p a share, so maybe that’s the range the think is fair value.
Didn’t an analyst give CMET a 30p rating ages ago?
I also think bid for the whole company will be an option for both LB & Shefield.
Look at these numbers
"The Project has highly attractive economics with post tax NPVs based on the 2022 Preliminary Economic Assessment* ranging from US$155-235 million, capex of US$81 million and Base Case total revenues of US$645 million over an initial 10-year Project life "
What would be a offer for the whole company based on the above numbers ?
...shows now as a sell, so expect most of others at same price are also buys. Not many sells today I expect!
If there was real appetite from both of these companies I'm wondering if we could even see a scenario where they bid for the company itself - Sheffield already snapping up 10%. That would mean getting the LTH big aussie whales onboard and I can't see them letting their stakes go for anything near the current MCAP.
What would have helped the valuation, in that scenario, would be have been more exploration and a much expanded resource - which is what I've been harping on about since the beginning of time, it feels like.
Hey SEBO no hard feelings buddy, I'm pulling your keg but expect the 60 days to be half of that, LB will not want to gamble on losing their position as priority investor this will have put the cat amongst the pigeons at their end. I expect them to make an official offer by no later than 20th April. Don't want to be excluded and beaten to a deal by a former competitor, the head guys of both companies will know each other and know they are serious players moving I to position. I also think Sheffield are just positioning themselves for a great LB offer, of which they may own about 15% , therefore in swift time (12 months) they can potentially multiple by 10 their investment . The chess has begun , the the games commence and we sit back and think of sunshine retirement
That’s an incredibly useful fact! Given Sheffield’s CEO was an SVP in LB Group is going to count for something as he will have existing relationships and maybe able to assist CMET in bringing both to the table.
I think this is strategically very useful for CMET!
....to 275,000. Good old Greg Martyr. Would have bought more but limited cash. These are at last going places -hopefully in Sri Lanka!
Sheffield Resources Executive Chairman
Bruce Griffin most recently held the position of Senior Vice President Strategic Development of Lomon Billions Group, the world’s third largest producer of high-quality titanium dioxide pigments. Bruce previously held executive management positions in several resource companies, including acting as the Chief Executive Officer and a director of TZ Minerals International Pty. Ltd. (TZMI), the leading independent consultant on the global mineral sands industry, World Titanium Resources, a development stage titanium project in Africa and as Vice President Titanium for BHP Billiton.
https://www.sheffieldresources.com.au/site/about-us/board-management
It’s got to be within 60days based on that RNS :-)
It’s going to be difficult to build a decent position when one of these funders commits.
be nimble. last non strategic placing was 4.25p
Who would have guessed a Friday? You were expecting one and we got an update. When is the next one then?