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...and do not panic. ANY major change HAS to be reported as an RNS. So no major change for now. I can see this either being a take out at 10p minimum or getting there for a starter once the RNS appears. Most of us only get one or two big baggers in our lifetime. Glue your index fingers together if you have to for now!!!
I think if talks had broken down, we would have heard by now. The longer it takes, the more I'm inclined to believe the outcome will be positive. They might need more time to get the paperwork over the line, and I agree with PFG that if that is the case, it would be good to get an interim update unless the definitive update will be ready by month end (at the latest).
@bonkers - you're absolutely correct it's the deadline of the 60 day exclusivity agreement ONLY.
hmmm, have I mentioned that before? lol
But it's obviously the date they've been working towards, for me if the agreement isn't actually concluded for a another few weeks thereafter it's no big deal, but if they don't meet the deadline - for the sake of other holders pinning all their hopes on that deadline, I hope the company will issue some sort of clarifying RNS, unless they envisage concluding the agreement in short order.
PaulFG are you sure 15th is a deadline , I jist thought it was when the exclusivity period ends.
Looks like Zak agrees:
https://zakstraderscafe.com/bulletin-board-heroes-may-12/9368/
Fingers crossed - anticipation building, fantastic if they can meet the May 15th deadline.
Here it goes, news this week on which partner they've chosen?
Let’s hope so LW, hopefully the JV is announced this week and we can crack on with the production and further exploration
Spread is very tight and Bid is at the highest its been for a while. Looks as if it might be readying to breakout into news. Let's hope so and GLA.
Doc holiday was talking cmet up back in Jan 2021 https://www.youtube.com/live/dITjMQ8hRMw?feature=shared
Worth another listen starts about 11mins towards the end talks about valuations even back thrn
The MMs will take care of that. Firm holders will make the share price shoot up faster. We'll do £60M in no time. Some people will sell along the way but no reason for the share price not to go x7. Seen it happen before with far less promising shares. Hold on to your hats and don't sell unless you have to.
We’ll need the MMs to create a market, else we’ll never push up! So some sellers will need to take their small gains to create the liquidity and allow new buyers in. The push for recognition will be key in the short term - hopefully we’ll see good attention from the right people (maybe even Doc Holiday might revert to talking us up!).
I asked recently how many market makers do we have - that could actually be a friction for the sp making any moves.
.... holders are already in here. Very few will be shaken out of CMET until at least the next RNS and some, like me, will only be trimming at perhaps 10p then again at perhaps 20p, holding the rest for nothing. So we are sticky holders, which won't
make it easy for newbies to jump on board. The firmness at present is recognition of this.
Some lovely buys today. Let’s hope for the news we’ve all been dreaming of early next week.
Nice to close at 5p
Have a feeling it's probably speculative short term longs coming in ahead of JV/offtake announcement, in the near future...whatever date that may be.
Let's see what the volume looks like at the end of the day.
Yes, nice bit of Friday morning action. I wonder if a few have read through the 121 review and seen the potential here.
Nice bit of buying. And Bluee...
Indeed a very good summary and clearly a highly prospective investment with low risk and plenty of upside.
Nicely summarised
https://www.weare121.com/121mininginvestment-london/capital-metals/
@smkr lol, very true.
BUT it would appear CMET board did not like the terms presented last year. (pure conjecture on my part)
Whilst I don’t disagree the resource should (and will) be expanded, I think LB Group might be a big enough “big boy” for us 😆
The big boys don't sign deals on hopes m dreams, they need defined JORC deposits - I'm not disagreeing the JORC should increase exponentially going forward, but as I've been saying for years like the preverbal broken record, they need to drill/explore more, then you can expand the resource.
I know they've finally put those plans into actions and I eagerly await the results. As I'm sure we all do.
Since completing a strategic placing with ASX listed Sheffield Resources Ltd and advancing talks with strategic investors to fund the project to production for a 50% stake at the project-level, interest in the company has been overwhelming. Every meeting slot with the chairman, who will be talking to investors across both days at 121, was booked out 2 weeks in advance!
https://www.linkedin.com/posts/capitalmetals_srilanka-ilmenite-rutile-activity-7194214527993864192-zLO9?utm_source=share&utm_medium=member_desktop
Re Funding: RNS 12/05/22
"· The staged development approach means that the funding requirement is $37.3m until the Project is self-funding compared to the total development capex of $81m"
In the Crux interview (@24:35), GM also refers to other opportunities in Sri Lanka, but recognises the current project needs to be progressed. Taking a very positive view, perhaps his attendance at the conference is being used to showcase the company's capabilities and opportunities in Sri Lanka.
Without doubt, there are some uncertainties, but this could also be a very significant opportunity. The resource is there, and the outcome of the impending drilling campaign should be positive.