The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
This is what the last RNS said:
"The co-exclusivity period will end on 15 May 2024 and Sheffield will be provided with exclusivity to conclude discussions and finalise the already-advanced legal documentation by the end of May 2024... Capital Metals and Sheffield are well advanced in the legal documentation and due diligence; however, the parties require a short period of time to finalise the agreements ("Agreements"), which the parties are targeting for completion at the end of May 2024."
I think if they were going to need more than a few weeks to conclude, they would have agreed a longer exclusivity extension. Sheffield have seen off the LB Group and can't see them not getting this over the finishing line. So I would expect an RNS in the coming days, most likely next week, but definitely by first week in June.
So I've added some more in expectation and will continue to do so in the run up to news. All imo and dyor
How ironic that somebody questions another person's intelligence whilst spelling 'lego' wrong.
What a muppet !
I was merely stating that a share which apparently is due to to rocket in the next 7 - 10 days had a massive 4 trades all day yesterday. The trade action was not sitting right with me, simple as.
If the JV is a 99% done deal then this share should be far more livelier in my opinion.
Not deramping in any way as I want this to multibag as much as other investors.
Go and play with your spelling books.
ATB.
'Not sitting right' ? What a pathetic statement from a market ignoramus. Go and play with your Leggo bricks.
Not sitting right lol. have a bit of patience chap, it’s been 7 days since they said it’s Sheffield and process might run over a little bit. I’m sure things are golden
"Not sitting right"? It was only last week they informed the narket that they expect the funding deal to be done by the end of the month. Not sure what people expect to have happened in the handful of trading days since that announcement lol
We assume that all is well. Social media update would be nice but I still feel deal confirmation will come next week at the latest.
"We are aiming to close the considerable delta between our market value and project NPV"
Didn't they say the same thing in Octobers presentation.
I guess the easiest way to do this is to get the JV signed but getting it over the line is appearing difficult, especially if it goes on beyond the end of May
Perhaps one of us should have attended the conference. JV deal needs inking then it's a big rerate from here. NPV minimum estimate is $160M - pre significant resource expansion. We should be sitting at £80M minimum.
'Forum in London was very well received'.
Really ? Not according to the market I'm afraid.
Something is not sitting right.
Hope I am wrong as I am well under water with this share and have been since the suspension of PAL which took place a few years ago.
CMET opened up around the 15p region from the shell I think so they need to double bag to get back to the starting line !
ATB
This should jump with the signed JV. Does seem very quiet, not sure the reason why market isn't jumping onboard.
Blimey, one buy all day for less than a £10er.
Not one post.
Trades should be flying in now if the JV is knocking on the door. All seems bizarre !
ATB.
I’m sure once it’s signed it will… but we need to see a signed JV
This should be shooting up from here. Makes little sense as no doubt it will be signed.
I’m feeling ‘Sunday & sunshine optimistic’ and sensing we’ll break through 6p this week. It would be good to maintain momentum as we close towards the legals being completed with Sheffield Resources.
Someone was buying lots before the bell on Friday. People are starting to buy again here. It's an easy 6-8 x from here in the short-term. Amazed we aren't much higher but perhaps the tide is turning now. Deal news should come in the next week or so.
Not sure - I’d wondered what they were busy doing - potentially FA if they’ve left already!
On X a post from the gaffer’s presentation. If you’re eagle eyes you can zoom in on the slide.
Mentions potential for a rerate based on NPV: 36-54pps depending on the base and upside cases. Some day soon we’ll pop and head to fair value!
Can anyone remember? That guy we hired way back when to be the exploration manager that MF made such a fuss over, Has he gone?
I'm guessing the DEPL SL team are all still in place so they should be able to proceed (?)
My hunch is since they've haven't made an fanfare over the commencement of the drilling program, not even their usual LinkedIn post, is that it hasn't kicked off.
Damsila Exports (Private) Ltd [shall we all call it DEPL from here on?] was recruiting for a geologist about two months ago according to LinkedIn. So let’s assume they made a hire, I’d therefore expect them to have just started the programme of investigations. That 47km2 needs qualification fast…
Perhaps but I would have expected them to have started by now. It seems that they could easily massively expand the resource from here.
Was it ever confirmed they started? I know the RNS came out in March saying drilling expected to start in April, but I follow them on Twitter and they never posted anything about starting. I know it's not worthy of an RNS, but if they started I thought it may merit a Twitter post etc.
When do we get the latest results from drilling. They started in April didn't they?
1.83 million shares? It seems unlikely that he would state that without it bring true. Hopefully we have a much better day tomorrow. This should rise into news.
See below , Ando's comment on LinkedIn
https://www.linkedin.com/posts/capitalmetals_capital-metals-plc-update-re-project-funding-activity-7196030512786771970-K5PM?utm_source=share&utm_medium=member_android