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.
Legacy results out today. More interested in the project and RTO stuff than old financials in this particular case.
SP was roughly 0.75 when shares were suspended which is equivalent to a ‘new’ CML SP of 15p.
So I will be a bit disappointed shall we say if my new shares open at a 20% discount to that before RTO all things considered. Coincidentally my average here is actually 0.6 (or 12p in new money) but i won’t be the only disappointed investor if it opens at 12p.
Any other views?
Beaaaudiful average that Dibs, I’m jealous.
I’m in at the old 1.1 so will have to bide my time til it rises above 22.
This could very well drop to the placing price of 12p post consolidation but I can’t see it hanging round there for long.
This share will appeal to the mid to long termers so may need a few weeks to get full exposure and rise above the radar.
Early positive news from CML (or is CMET now) is what is needed and this will bounce from the suspension price.
Hopefully attract the interest of the majors in due course to avoid the need for further fund raising.
Only a small percentage has been explored to date. If they have continued success with further exploration work this could get too big for CML to take to production on their own so you never know, could be a JV or take over on the cards next year.
CML have a resource in demand and plenty of it by all accounts. We need this to run smoothly with no delays on licenses/permits etc....and with little obstacles in the way.
I’m not going to worry too much bout the SP until the end of the month, give the market chance to take note.
All the hype is building though.
ATB
Evening atom72 I too have the same average as you at 1.1p. Possibly this will open up down, if it does I will buy some more. I'm willing to wait 12 months for a good return. Too many people hoping for a multi bagger on day one!
Evening Daltp98,
Yes I am happy to let this play out over the year to see whether they can meet their production target for 2022. Fingers crossed it gathers pace over the next 6 - 12 months.
Airbourne,
I have just looked into that article you mentioned. Looks like that Environmental Minister was not happy. Businessmen and Entrepreneurs were buying the mining permits dirt cheap and then flogging them on for massive profits. The EM vowed to streamline mineral exploitation and introduce new laws if need be to make mineral resources one of the major export industries.
Bodes well but CML might have to pay top dollar for any future permits if the EM is now getting a grip.