Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think we're all broadly in agreement it's a when, just when that when is
Personally, I'm happy to ride out any temporary turbulence, even take advantage of them, and forego some other opportunities which, to my mind, represent a less favourable risk: reward ratio.
Yes fair point JF. I don't think the eventual outcome here is in doubt in terms of getting the EIA and then moving onto the next stages. Unfortunately, Covid is having an impact on the WHEN, but that is true of a number of companies right now depending on where they are in the world. I think the EIA will kickstart matters here but it's just a question of WHEN that will be. Once the market has the answer, hopefully it will respond accordingly.
Whilst I don't disagree Legalwolf, that's an entirely different kettle of fish regarding WHEN not IF. Timelines, not the actual eventual outcome.
At time, you have to go with the market reaction, whatever your own thoughts. Often the selling, once it starts, fuels itself and creates that anxiety. That has clearly happened here with the impact of Covid on the timeline. There is no certainty that things will happen in July, merely an indication by the Government. Bureaucracy is not great at the best of times, never mind during Covid, when officials have a 'ready made' excuse for being slow. And it's hard then to really chase them, when they are dealing with a health emergency. Puts you very much on the back foot. No actual date was given, so it might be more of an aspirational date rather than an actual one. Unless the TEC sits on a certain day each month?
Therefore, I can see why a lot of people are waiting for the EIA. There is every chance we could be in the same position in July. The EIA is needed to kickstart everything else. There is no project or project progression without it. In the meantime, there is no point having money tied up here when there are opportunities elsewhere. That's probably what the AIM market is thinking, because that is the nature of AIM - it moves around regular newsflow, and the EIA is needed in order to give us that. CMET don't say a great deal outside of RNS (unlike some other companies). All IMO
I don't get the binary comment either, although it is only actually one person on Twitter I have seen say it. Whats different now to when the IPO occurred? Absolutely nothing, so quite why its suddenly become a binary bet is ridiculous quite frankly. In some respects its always been a binary bet in its starkest and most simplistic terms. They either get a mining licence or they don't. Why that has suddenly become an issue is a bit daft and scaremongering. Is there a chance they won't get the permit? Of course. But in what way is this any different to any other mining application, and there is absolutely no indication why they won't get it that has come to light. In fact indication is quite the opposite. This kind of talk is just to feed the insecure investor and to some extent has worked as we are where we are SP wise.
Hi Craig.
Yup I've taken out a good sized holding.
People talk about this being binery now as though it's 50-50, that is simply not the case. There is a high likelihood of EIA being progressed.
So there comes a time when market opportunities appear and they need to be taken advantage of. IMO CMET represents one of those opportunities right now.
Not that you couldn't possibly make more money elsewhere on high spec stocks (eg ECR), but there's nothing comparable to the low risk high reward ratio here.
There was a feeling in recent months that it was creeping towards 10p because of the delays. It probably needs that EIA approval to kickstart matters, which hopefully will come next month. I've had an initial entry and keeping a close eye on it. Way oversold at the moment.
Hi Paul. 1.6m shares, is that what you hold? That's a fairly sizeable amount! I've doubled my holding today as this seems silly now. H2 is could be very exciting here. I've seen higher Zircon prices on the market so that must be good here too and for Offtake discussions.
Each time I top-up I think this is the last time (over 1.6m shares now) but the market keeps on offering such value.
From the most recent RNS I think it's clear that Q3 will be transformational for the company, it will even spill into Q4 (OKAY lets say H2). The company will soon be beyond the restraints of Government bureaucracy and will start moving at its own pace. OKAY y'all know I'm very bullish.
If the enforced/distressed H1 selling continues at this pace and we dip below 10p I'll have to consider a major purchase rather than the drip drip topups.