The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Tomorrow then? Fingers crossed 🤞
I think you’re right. I suspect the main parts of the deal have been agreed and we are now just fine tuning… I hope so anyways
I’d say the deal is done on sense it’s been agreed (especially of titanium announcement has said so) for publishing though can still be some finer legal details/wording and depending on what deal looks like.. is it Joint development agreement or Shareholders agreement (through experience SHA negotiations/discussions can be quite tedious!) hopefully something announced soon though!
You say that the RNS is ready to go? Where is it? Fax issues?
I agree with your logic OTP - it’s a toe in the door rather than their giant-making move. Unless this unlocked a huge amount of funding, it’s beyond SR’s capacity.
Im actually flummoxed , ive been expecting one every day for about a week mate. dont know what the hold up is, probably still drinking champagne.
If your talking that kind on buyout price (which would be amazing) then I don’t think that’s within SR reach.. 20million aud in cash.. market cap circa 106m there isn’t a feasible way of funding a deal worth 150m .. debt wise.. they could issue equity but not sure that’s a smart move either.
My take with SR has always been they have never wanted to own this with LB around.. being in this allows them to be part of a world class mineral sand developer with one of the big players in LB so grows their own business enormously with a derisked approach (why wouldn’t you want to be involved with someone willing to fund all the capex. And in event of a full sale to LB then they stem to make a fairly chunky return.. just my take but I’d place my cards more with LB being the driver as they have the access to capital.
If they offer 50p a share I'll be doing cartwheels into the sun!
Right money on the table time again A, are you going for another Friday RNS?
If SR offer 50p per share then i will say tyvm and walk off into the sunset a very happy man.
Is Sheffield's strategy to takeout CMET, and let LB do the heavy financial lifting at the project level? If LB do get their 50%, then Sheffield certainly aren't going to be happy with only 10%.
My prediction is week commencing the 13th May
It would be funny if the split was SR-10, LB-40 as that other minerals company included in their RNS the other week
Given the potential selling for 3X profit seems far too soon. Missed out on a 20 bagger once doing the same thing. The asset is worth minimum X10 the current level and that doesn't include any resource expansion. We just need the funding. Wasn't the prediction this week?
Whilst I’m not selling, if people got in at 1-2p and are offloading now they’ve possibly trebled their money already and tbh CMET have been a tough share to stick with given all the false dawns and mismanagement imo from Frayne.
More positive news to come, CMET seem to have a good CEO, demonstrated in the last 6 months.
That said I’m not selling, the potential here could be life changing money, so I’m holding onto my shares until we see in excess of 50p
Each to their own, do your own research and GLA
Each to their own but no way is now the time to be selling any of these. i am dumbfounded by these sells......you are about to at least treble from now in the next short period of time...
strange
The closing price today was interesting. Highest for quite a while. 7am time again. Lol
Jtis - me too!
I took a big loss here last time around when it bombed. I came back a year or so ago and have built up a nice big holding now which will, if we get lucky, turn my entire portfolio into profit for first time in 15 years! Also have over a million KZG and same number as here in IMMU!
The remainder of my p/f is invested largely for divis, Here's hoping we get this right and soon!
There is a lot more news , other than the financing, that will be hitting the market in short order. The financing unlocks everything including my new car. Lol. Just hope after everything that has happened the financing will just be a formality requiring legal sign offs.
LW, indeed, I'm not overly concerned if they don't close within the 60 days, but I read that RNS differently to most people on here, it seems.
PFG - decided to scale back in about two weeks ago. Still hesitant to go all in just yet, but to be honest, the large stake taken by Sheffield and their close contact with CMET does de-risk this, even without LB coming through. But let's see what happens as we get to the final few weeks of this exclusivity period.
Not sure if they are like for like etc when comes to comparisons (and if they have other projects creating value) but when you see market caps of ÂŁ140m and ÂŁ45m etc can see where this is undervalued ..
So LSE has just published a piece on YouTube about mineral sands…
https://youtu.be/-ZVD5uaWcxE
100% agree smkr.. if news is as we think (or better!) then this should be dreamland buy in price today and I would be encouraging those to hold for substantial Gains.. JVs often end with a buyout also so always a potential further sweetener in future. always the trick I guess getting before things move.
When it does come onetime, anyone who’s bought before it lands, best hold onto their golden tickets, if circa $80m of capex is funded and revenue within 12 month, on top of resource expansion.. it ain’t going lower again
Been a while since actually been involved in a crazy AIM share going mental so we can only hope! Almost hoping to look on here one morning and see the good old fashion “BOOM!” Message!
Had a look at the chart, its got a decent chance at 50p to 90p
Who knows, AIM can go crazy and this has the potential.