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Last post: Andoman99, 19 Jun 2024 08:34
Fortunately i am an optimist, i have to be i guess
so CMET RNS to be a gamechanger and takes us to upwards of 15p and Scotland to PUMP the swiss tonight, CMON CMET - CMON SCOTLAND!!!!
Gamechangers both lol
GL ALL - ANDO
They come out when it drifts, and go quiet when it's blue.. come on CMET.. shut them up for a few days haha
Are you invested atm? The RNS could land tomorrow? You never know for sure. Greg suggested that drilling was ready to start, there should be news ready on multiple fronts.
I feared this would happen. A long or indefinite wait with no other newsflow to fill the gap, on a share with tight liquidity means you end up with a significant price drop.
@sebo unfortunately you are correct, when it comes to CMET I am a pessimist, because it's trained me so. BUT I live in hope they can turn it around and make me a happy jolly CMET supporter once again...
Started: normaninvesting, 13 Jun 2024 16:32
Last post: sebo10, 15 Jun 2024 15:18
RNS Monday? I can't imagine it's far. That was the impression given in interviews. Looking forward to updates on the drilling campaign, that should get things moving...
I had thought we might get an RNS today based on previous tempo of them coming through. But then I did think we’d have to see a Sheffield one first, due to time zones and courtesy
Last post: NotAmused, 13 Jun 2024 13:52
So 2 take aways .
1 will be needing more holes drilled to map out the resource more accurately.
2 which will delay on producing illuminate and zircon for the market keeping prices buoyant While Sheffield can build up sales and a customer base for future sales .
I managed to watch Sheffield’s last qtr presentation ,
In relation to Capital metals I guess with the oversite and too few holes drilled they’re the tonnage excavated versus the actual recoveries is the reason for their falling share price , Also the sale price reflects a flat m
Started: xel123, 12 Jun 2024 08:16
Last post: normaninvesting, 12 Jun 2024 10:02
Thank you for the clarity BBN. Maintenance of the port might just have to be a consequence of a good working relationship with the GSMB and wider government agencies.
There will be a presidential election soon in Sri Lanka ( in the next 2-3 months). Current president wants to show his capabilities and foreign investments are very important to the country.
There is a good voting base around Oluvil and if the Cmet start the project it will create lots of local job opportunities and that will help to get more votes.
All in my opinion
On Government announcements - I wouldn't place too much faith on what they say - if you trawl back through SL papers from yeas back they've said all this before and nothing has happened.
The real added-value for Oluvil was the original proposal (phase 2) to build the separator plant there and then load direct to vessels. This was always the the MF plan but Greg seems very woolly on what's going to happen at this stage.
What the CEO said was that when dredged the port would be 8m in depth which is big enough for the "handy vessels in there that can do 10,000 tons. Which is fine they are economic, to go to China or wherever."
There is the risk of the wave action (swell) over time filling up the port once more which means repeated dredging which would dent the overall economics. Hence why they have 2 logistic companies looking at other options in-country. But again I repeat it is really interesting that a minister is holding a press conference where he is talking up getting this port back into operation and the key party to achieving that is the CMET JV.
Started: DSJ76, 12 Jun 2024 08:02
Last post: DSJ76, 12 Jun 2024 08:02
Unless they’ve underestimated how long this would take at the beginning and then again in the interview… then end of this week / next seems about right - letting it drag into July & beyond would be unsettling imho
Started: airborne, 10 Jun 2024 14:26
Last post: airborne, 10 Jun 2024 16:48
Nope - it's someone moving cash between accounts I think = 46k on the sell side (incl unknowns) and 47k on the buy side. It seems a clumsy and expensive way to do in in terms of the breakdown number of transactions.
Leaky leaky? some sizeable lumps being put down...
Started: cyberbub, 9 Jun 2024 23:34
Last post: xel123, 10 Jun 2024 14:22
Good luck LW,
You may have to wait for very long time to buy at these prices ever again
Bed wetter number 2 back in. Rest will be paying near 5p soon
...and more!
Someone is evidently happy to buy 700k shares - when you're just starting to wonder what's going on and if it's alive, someone drops some wedge on it!
No buy quotes?
You know i’m right on that one, stop being a tease
Just something else you're wrong about I'm afraid.
“What have you been right about ???”
that you don’t hold any shares 😂👍
I still hold a significant number if shares , I'm just nit as unrealistic about ludicrous short multiples as some in here.
Long ago I pointed out the 12 month to production timeline appeared to have been dropped, long ago I predicted the jv would not be concluded within the CMET deadlines and I repeatedly tried to get across that the 60 day exclusivity period on LB & SHF did NOT mean the deal had to be concluded within that period.
Ands for all that I have been constantly attacked and ridiculed. I have been here long before many amd I suspect I will be here after the rampers have all sold out at 10p in spite of their ridiculous price predictions.
What have you been right about ???
Not even sure why you’re concerned 🤣
Started: DSJ76, 4 Jun 2024 18:42
Last post: smkr, 8 Jun 2024 12:26
Are the bed wetters going to pay 4.2, 4.5, or 5 plus. or are they already back in? answers on a post card.. p.o. box 10p
Remarkably quiet when you get a couple blue days 😅
Very true Norman! I think looking at the charts we were last at this point on Friday 11 April. In that time we’ve made some progress and some further delays (but different ones!). I’d like to have a better understanding of how things will develop and what timelines we will have placed upon us. The possibility of a 9 month FID seems a drawn out process, especially if we’ve been showing our detailed work as part of the JV conclusion.
I’m still optimistic that this will come to good, but I think I’m finally accepting that AIM is a law unto itself and that everything has to be taken with a good pinch of skepticism.
I suppose it does feel better to see some blue on a Friday.
And more gobbled up. go go bed wetters get back in 🤣
Started: normaninvesting, 6 Jun 2024 13:33
Last post: normaninvesting, 6 Jun 2024 13:33
I do wonder if we could meet the leadership team in person? It would be superb for us to be able to ask our questions and hear from them about how things will progress. When might the next shareholder meeting be?
Started: PompeyMagnus, 6 Jun 2024 07:53
Last post: normaninvesting, 6 Jun 2024 11:25
It does warrant the question - when would these kinds of matters be put to the shareholders? I know us PIs are small beer in the overall holdings numbers, but I would have thought this was material and therefore needed to be voted through under AIM rules?
I assume the board would not have accepted an inferior deal. I never said that I knew the content of the current deal but the speculation on this board isn't helpful. There are a small number of people who often post negatively and that is not fair when we haven't even seen the deal yet. Are you suggesting that the BOD are making decisions that are contrary to the interests of shareholders? The deal will ultimately have to be signed off by CMET shareholders.
Sebo - why do you say the LB deal was not great, and the Sheffield one is better? Genuinely curious to know your reasons as to why, because to my reading and understanding of it, the LB one was miles better, as it secured the full $80 million and the LB Group would have guaranteed 100% of the offtake of heavy mineral concentrate and ilmenite for the entire project life at prevailing international prices at the time of sale!
So what was not to like about the LB deal, and how in comparison is the Sheffield one, details of which are still a bit unclear, much better?
I couldn't disagree more. What do you want, a blow by blow commentary. This is Aim, the LB deal wasn't great. The board thought that Bruce and SR would be a better fit. Nothing opaque about that.
Looks like 3.5p and a potential buying opportunity, assuming it holds at that. Challenge with cmet is no one knows what's really going on and there are big gaps between news. Am out for time being but watching for next buying opportunity although only then for small/modest LT. Not convinced there aren't big risks here still and that cmet are putting a brave face on them, eg what happened to LB, will they need to raise because of the more limited Sheffield jv, when will the jv be finalised, the minerals themselves are quite workaday and already being mined in SL in large quantities, and then there's how to get them out of there with the Oluvil port risk that may be okay for fishing, but not for sustainable bulk mineral transport. Hope I'm wrong but currently of the view they're a long way from earnings, 2 years possibly 3, when they said last October it would be late 2024/early 2025. AIMHO. GLA.
Started: oldbutnowisa, 5 Jun 2024 09:07
Last post: normaninvesting, 5 Jun 2024 09:23
Do look at the leaderboard and note what is moving upward by 20% - two resource sector shares. I would suggest someone is bored and chasing the opportunities there perhaps. I might get the calculator out and see where some corresponding money has matched off.
And Mr Paul - you seem to be rattled by the observations made that your continual narrative has affected the atmospherics here. I think that to be true, as aim opportunities trade on opportunity and not the solid fundamentals of the senior markets.
It's hardly a selloff . Not even 5 millions of shares over last 3 days. PI who are looking for quick money may be moving away. Nothing to worry. The same the price go down will go up with a very little volume.
Relax - All in my opinion
....all you thinking of selling, the Sheffield big man is still on our Board.
Last post: Parkers67, 4 Jun 2024 15:38
What an unexpected twist lol.
Someone's at the madam here!
HAHAHA - as Connor McGregor would say -
Who the F is that guy ???
ehhh, no you never , so no apologies from me ya dick, stop BS'ing
I can't see which list of trades you're seeing, nor do I know how quickly my trade will hit that list. But yes, I did buy 292,660 shares at 4.369 at 11:48:50.
You can apologise for being a dick when you see it show up.
Fingers crossed on both fronts
Just a tad, but thats it now. lol
and im betting that our mutual north sea partner will treble in the next 2 weeks.
Started: PompeyMagnus, 30 May 2024 10:28
Last post: airborne, 30 May 2024 12:51
I agree with the new poster - just because we’ve been sat in this since the RTO days and those painful last four years (!) it doesn’t make us have any more clout on an anonymous board. What has become clear though is that we’re not all pulling on the rope together to get this up in value and so we can all move far away from our LTH averages!
Ok, by your reasoning we should also pay attention to "...OR when required by regulatory obligations."
Such as the regulatory obligation to report financially material news via RNS, which such a completion of the legals and signing of the contract surely is.
Again you twist words to suit your obvious narrative.
Obviously they will RNS once everything has been finalised, as to regulatory that just means London stock exchange regulatory rules.
As I said when RNS lands shortly you get a slap in the face for trading and trying to manipulate.
Let's not be selective about what we quote from the RNS. It clearly states:
"A further announcement will be made ONLY when all requisite approvals have been received and legal and regulatory documents have been finalised and signed, or when required by regulatory obligations."
So the documents could be signed next month, but no announcement will be made until the regulatory documents/obligations are fulfilled. All I am asking is how long might that take (based on past experience of Sri Lanka), and if its going to take longer than a matter of weeks, why can't we be told the terms of the deal on a "subject to regulatory approval basis"? How is that unreasonable?
Anyway, I've made the point and will leave you to enjoy the echo chamber.
Yes because ‘legal agreements are well advanced…transaction to close shortly’ definitely sounds like months ha
Or could it be you have sold and would like to buy back lower, that would be a first on LSE right. Shameless.
Hopefully when news lands very shortly it will give you a slap in the face for trying to trade and manipulate.
Started: oldbutnowisa, 30 May 2024 11:30
Last post: oldbutnowisa, 30 May 2024 11:30
So we must wait.
This board has always been pretty decent imho, especially compared to others on AIM.
Personally, I’ve always thought PFG comments are considered, and whilst I don’t always agree with them, I like the balance as mine are often too optimistic and this share proven more often than not that being too optimistic trips you up.
Anyways, let’s hope this is the start of something good, otherwise I’ll be on baked beans until I’m 70
Started: Stockyinvest1, 30 May 2024 10:21
Last post: Stockyinvest1, 30 May 2024 10:21
Expects to close shortly.
So was indeed misleading information posted on this board by some.
Looks cheap down here considering price was 6p not long ago.
The full rns:
"Capital Metals PLC
("Capital Metals" or the "Company")
Update re Project Funding
Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), is pleased to confirm that legal agreements are well advanced for Sheffield Resources Limited (ASX: SFX) ("Sheffield") to acquire a 50% interest in the Project in consideration for providing development capital by way of joint venture project equity. Whilst the legal agreements will not be completed in May, Capital Metals expects the transaction to close shortly. A further announcement will be made only when all requisite approvals have been received and legal and regulatory documents have been finalised and signed, or when required by regulatory obligations. "
The deals just waiting for documents to be agreed and signed will take into June . All good for me and a cheeky top up
...not listed here
Started: normaninvesting, 30 May 2024 08:19
Last post: smkr, 30 May 2024 10:09
Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), is pleased to confirm that legal agreements are well advanced for Sheffield Resources Limited (ASX: SFX) ("Sheffield") to acquire a 50% interest in the Project in consideration for providing development capital by way of joint venture project equity. Whilst the legal agreements will not be completed in May, Capital Metals expects the transaction to close shortly.
@norman - I do tend to see risks more than opportunities, you're correct, but I also have pretty much a world view and as an exCommodties trader am well aware of the sentiment-technical-fundamentals dynamic. Also aware that about 70 companies have delisted from AIM in recent times, so pretty much aware of the the nature of the beast.
I guess we all have some element of unconscious bias and we ALL talk our book to a certain extent.
BUT I think it's important that we consider all viewpoints - that makes for informed investment decisions - it's up to individual's maturity as to how they react and interpret.
I’ve just joined the board and don’t want to become the b******* on here!
I think that Paul’s approach to posting is neutral tending to negative. I do think that he may have misunderstood that aim companies flourish on optimism and the potential for people to make money in a quicker timeframe than on the FTSE. I personally think we’d be up around 8pps without the ‘Eeyore-esque’ nature of some of the chat but that’s Aim For you - everyone has their approach and agenda. This company is in a great shape with no debt and is set to go well in the short and medium term. A lot of the speculation has been based on second and third order deductions which make no true sense!!!
Not powerful but definitely post misleading information.
Perfect example is the subtle comments about SR in regards to negotiations, but that is standard regulation with acquisitions. Things like that you can see the motives behind your posts.
Tee hee hee !!
Last post: Stockyinvest1, 30 May 2024 08:11
Next week RNS will land you would expect and I get the feeling genuine holders will kick themselves for not adding down here.
So much excitement at 6p, crazy what a week can do.
Less than 3 millions shares sold over the last 2 days . You don't call the as a selloff in a company with over 300 millions of shares.
As Stoky mentioned "no guarantee of completion" is standard practice and regulatory requirement for any deal until it's signed.
Some panic created by some people in this board after they sold and hoping to buy back at a lower price. Unfortunately some of the weak holders sell and others will buy back.
All the best
I agree seb alot of manipulation.
And I understand your concern but as to the wording you used by SR that is literally just a regulatory requirement, they literally state the exact same thing as CMET ‘in advanced stages’.
Nothing has changed since last RNS but price is now 4p instead of 6p, some would see that as a massive buying op so close to NPV propelling news.
The market got spooked again today, my healthy profit is now less healthy. It's a real shame that those interviews were used to cast doubts on the terms of the deal. I remain invested but worried that the SP is so exposed to manipulation. What troubles me is the lack of clarity of some of Greg's words. He mentioned drilling is days away but doesn't commit to a date. A deal is done, just finalising paperwork and then SR indicate that the deal is still being negotiated with no guarantee of completion. I remember that the RNS announcing the end of the LB deal (in effect) was out of the blue. No reason was given other than an indication of interest of other parties. In truth, it may just have been interest from Bruce Griffin as he had moved away from LB. I have faith in CMET but the next RNS needs to be a proper financed to production deal that really fires up the market. We have to see fair value here, it's getting really ridiculous.
Started: BigBiteNow, 29 May 2024 16:28
Last post: jonny_five, 29 May 2024 21:49
Legalwolf talks his book and did the same exact thing last time. Sold out and then hung around consistently talking it down. He got called out then too for it. Fair enough make your point, but theres only one reason to stick around after you sold and keep repeating it over and over again....
This discussion board was so calm and very productive over last 10 months.
It's a shame that certain people with their own agendas are trying to manupulate things without proper substance in order to retake position at lower entry price.
Legalwolf it is clear you sold up last week and you even stated you sold. From my perspective you twisted what was said in the interviews with subtle remarks that try to undermine confidence.
Nothing material has changed since the last RNS, so the panic induced by certain members is shameful.
I don't think anyone is expecting the JV to fall flat. On the contrary, it looks highly likely that they will do a deal. It's the detail of the JV that is open to debate. There are two main questions:
1) Will Sheffield finance the project to first production? Will the answer now depend on the resource expansion, PFS and FID? (I would say yes, and can't see Sheffield committing to anything until this work is complete. They will be happy to fund the work required to get to FID.)
2) If so, will or might CMET have to pay some of the costs to first production, or will it be free carry from Sheffield all the way to this point? If the former, then you are talking £millions that CMET will need to finance.
Overall, I think the JV will be one to gets to FID, and might not pre-agree and set in stone what will happen thereafter. But Sheffield might lock in some non binding options. All imo and let's see.
Im not selling.......just now anyway, i still have some faith.
who would pay for multiple interviews, get a slot at a mining conference and talk up a good game only to see JV fall flat on its face or the terms to be really unfavourable. He would be a laughing stock in the industry and his career would go down the toilet (unless thats the plan) lol
in addition, there really is no point in me selling 100k, 250k or even 1M shares......im all in and i would crash and burn if i tried to offload 4 X daily trades hahaha.
you will notice when i go in a few years....or hopefully not as we are either trading 10s of millions per day or my great dividends keeps me very comfortable
Ando
Started: Catbert, 29 May 2024 14:38
Last post: Stockyinvest1, 29 May 2024 16:02
Anyone can see the ulterior motives in play to knock the shareprice.
Hopefully the board have the last laugh shortly when the RNS lands.
The SP here can react to the smallest volume of trade - frankly I welcome all viewpoints on a board and frankly if investors are swayed one way or t'other then that's entirely their right, others have the right to think exact opposite and go against a possibly temporary market move.
I agree with LW if the RNS comes out with wording clarifying that SHF will fully fund phase, no ifs or buts (as I think it probably will) then this is buying opp. and if you believe this and have funds to hand and are so inclined then by all means step in and buy.
As I've said earlier it doesn't suit me to sell at these levels, but every book is different and I'm not calling LW out, he has to protect his capital as he says. This is AIM after all.
That's right PFG - and the deal needs to ensure that Sheffield are paying that $37 million (or whatever the phase 1 cost turns out to be) to get into production. Both companies then fund the remainder jointly (but CMET's share comes out of the profits from phase 1). Both companies have a 50% stake in the project. IF the deal ensures this, then great. This will have been an unnecessary mini exodus and overreaction.
But if this deals leaves CMET actually or potentially liable for any significant portion of that $37 million, then I would remain concerned about what is going to happen.
Airborne - I'm out for now. I post what I think and buy/sell in accordance with that. My instinct is to protect my capital first, especially on AIM, because the liquidity can disappear very quickly if you hesitate and your fears come true.
If the deal merits it, happy to recognise my error and buy back in if that suits my portfolio at that moment in time. All imo and GLA
Airborne you are right.
Anyone with the tiniest bit of perspicacity can see the small hints and subtle comments on this board designed to seed doubt and bring down the share price. I am amazed people have fallen for it.
What has materially changed from 6p a few days ago? Nothing, news will drop shortly and this will be 10p-15p sometime in 2024 in my view.
To be clear they don't require $81m to be up and running - I think the number is $37m which will get them to revenue generation, and from that point I think Greg made the point they could self-fund for the remainder, build the separation plant etc.
It does sound as though they're going off the idea of Oluvil Port, which as we've all seen is basically a beach, but more now as Greg has hinted it may not be big enough anyway - so we're probably looking at increased transportation costs to another port (offset by whatever remediation they'd earmarked for Oluvil).
I guess perhaps one of the reasons he may have sounded a bit woolly in the CRUX interview was because Sheffield may be asking these exact questions given their experience elsewhere, so the path may not be a straightforward as it was when MF was running things.
Started: Andoman99, 29 May 2024 11:52
Last post: PaulFG, 29 May 2024 12:40
@BBN I hear you, and I'm quite happy for you to be proved correct.
@PaulFG the reason the Sheffirld deal with Yansteel is so notable is because of its similarity (50/50 JV) and how relatively recent it is.
CMET have a natural reference point from which to say well you asked for XYZ and got it. Plus, if my memory serves me correctly (I am away at the moment) the LB Group MOU ( which we now know involved the same chap) also followed the pattern of the Yansteel deal.
The only big difference I can see is the indication that stage 1 production may increase which could increase CAPEX. But that still doesn’t stop Sheffield making a commitment to an amount of future CAPEX. Plus, Sheffield through that last deal have Orion on board who I like and who can deliver financing on the debt side with Sheffield at the table than CMET on their own. The Yansteel deal eventually landed 55% of total CAPEX as debt/offtakes. Something that should be better appreciated in my view.
I dont know management as well as some here but the percentages say they wouldn’t use such an interview to subtly deliver bad news around the deal. It is just likely that they (perhaps wrongly) assume that investors appreciate what a key milestone this is and so what they say shouldn’t truly matter. Why? Because it is what is in the RNSs that counts.
But as always nobody can ever be 100% sure.
Well, they have said they are in "negotiation", which suggests that all key terms are NOT agreed. CMET said in a recent interview that they were willing to give away the upside, to get the deal done. That suggests that CMET are needy and Sheffield are driving the deal.
Also, CMET can't afford anything other than a deal that leaves them "fully funded" to production. That is what is supposed to happen. Anything less than this, and the concern might be that Sheffield are effectively cornering CMET to be taken out on the cheap later down the line if the resource/project lives up to expectations following the drilling and PFS.
I hope it's not one of those deals whereby if either party can't afford its share of future costs under the JV, that party's interest in the project gets diluted.
As I say, it has to be a deal that leaves CMET fully funded to production imho to avoid all these risks. That's what has been promised.
@BBN you may well be correct, we need to see what the RNS says. I think it's Greg's loose wording during interviews that has placed uncertainty over this deal with Sheffield - the construction of it. The fact that they've done XZY with other parties in the past is no predictor of future actions.
Hopefully, you're correct and we do see the inherent value being recognised sooner rather than later by the market/a predator, let's see that RNS wording.
Sellers now may buy back if fears are not realised.
P.S. I have enjoyed your detailed analysis on X.
Started: xel123, 29 May 2024 08:44
Last post: Legalwolf, 29 May 2024 12:04
Great post PFG and well summarised, especially the point about opportunity cost. This isn't the investment that we thought it was back in those days when we were led to believe it was funding and into production within 6 months of that. Also really not sure that this new BOD are not in servitude to Sheffield, as opposed to what is in the best interests of CMET.
We are mirroring sheffields performance on SP........i shouldve bought NVDSA 2 months ago when i was going to, lol
isnt that always the way?
GL All
6.88 to buy atm
@XEL I would agree I probably wouldn't be a seller at these levels as I'm sure better exit prices will be available.
I dont understand why the tiny minority of holders are selling. I'm fairly confident (only my opinion) that the SP will move towards 10p mark with some sort of JV confirmation. It may not hit 15-20p mark as previously predicted, if the deal is not what we are expecting.
Selling at this price is silly in my opinion.
Started: airborne, 29 May 2024 11:51
Last post: airborne, 29 May 2024 11:51
I’m expecting two RNS - one to confirm the drilling programme has formally started (as mention on the ZM interview ‘in the next day, next few days’ was what was said. And then the deal with SR.
The pessimism and negativity in the void of news is normal on AIM, but I do question why some are invested on this market when they don’t like the manner of it!