Member Info for Adam1986

I would tend to agree with legalwolf here with regards to trading activity if it was imminent but having said that I specifically remember the day the IMLs were officially reinstated CMET was 8% down in the morning and the RNS was released around lunchtime and spiked from there. So if it is ever leaked here it certainly isn’t regularly. I believe it could come anytime, any day.

I do agree with jtis, that it’s a matter of when, not if. Sheffield purchasing a further 10% a few weeks ago was the deal breaker of confidence in this for me. They wouldn’t have invested to such a degree without being fairly certain that a jv was happening very soon. We’ll find out in the next 3 weeks. Hopefully Monday.

Entirely agree with you Andoman. The best way for all of us here to maximise this is to hang on to them. Everyone has their targets but the tighter we hang on to these the more will be in it for all of us. We all know what’s coming….

Only just beginning to research this company but if these target prices are realistically achievable it could represent a serious multibagging opportunity over the next couple of years.

I’d say highly likely to be rainbow chasers such as Friday. They’ll end up getting locked out when the news drops

Great to see this rebounding after such an unnecessary drop on Friday. Still dirt cheap and another day closer to the jv

This is an unbelievable opportunity. I never thought we’d have seen these levels again. Topped up this afternoon. It’s highly possible we’re now less the 40 days away from a jv announcement and then we’ll certainly never be this low ever again. The mcap is tiny considering the resource they’re sitting on.

What’s everyone’s opinion on where the sp will be providing a jv is announced? It appears from the information we have that it is looking ever likelier. With Sheffield buying 10% of the company, they themselves will clearly like to see this moving on. The mcap seems very low to me considering the known resource and a with strong hints that this will be expanded in time? I’d welcome all opinions. Thanks

Thanks for the reply Jimmy, but why is it allowed to be states as unknown? Why aren’t they declared as buys or sells like all the smaller trades?

Another huge delayed trade after the close. Can anyone tell me why it’s common for the larger trades to be concealed on these boards. Why aren’t they stated whether they are buys or sells like all the others? Sometimes it can be obvious one way or the other but often not if the spread is tight.

Excellent post, Basil. I believe that people should ignore at least 90% of the tit for tat drivel on this board. If in doubt just have another look at the RNS. Unless the CEO is lying then just sit tight. Ignore the derampers. In my mind they are parasites who would happily run you over to get to your wallet. Although rampers are almost equally as painful, at least if you’re invested you’re all in the same boat having the same ride.

200 mil shares bought vs 40 mil sold in just 50 minutes. I think this tells you how the market feels about the raise. Patience is required over the coming weeks not hours.

Let’s hope for a positive update this week.

All gone a bit quiet here the last few days. Forgive me for being a novice here but what exactly does exercise of warrants mean?

Justone,

I agree wholeheartedly with everything you’ve said. If you take on face value what the rns states it can only be good news. I’m hoping Greg Martyr is a man of his word and I’m hoping the market is overreacting. Albeit there wasn’t a great deal said and we do need more detail and clarification but I read it as there is much more significant interest other than LB Group, and though they continue to negotiate with them, there is interest elsewhere which hopefully may mean there could be other/better offers in the long term.

Why would they announce that they’re still in discussions, although now alongside other interest. If it had fallen through completely shouldn’t this have been announced?

I’m unsure of how to interpret the rns today. I agree it’s very vague and has raised more questions than answers. But the resource hasn’t changed albeit it’s still in the ground, the recent placing was carried out at a much higher price. I think they’ll know a hell of a lot more than we do. But there’s lots we don’t know about the discussions with LB. Maybe Cmet are not willing to dance to their tune? Maybe there are genuinely other interested parties which ultimately may strike a better deal for existing shareholders. I think it’s short term bad but could potentially work out a lot better long term. I certainly won’t be selling, I’m just gutted I don’t have any spare cash to top up.

I would tend to agree with you Predator but there’s very little activity. In the days leading up to the licenses being reinstated there were several days of steady rises leading up to that. This could well happen again here. Would love an announcement today though.

Does anyone else think we should be expecting an RNS this week? Either an announcement of a deal or an extension to the MoU at the very least if the 31st was the deadline?

How the hell is this down today? Nothing but buys. Mostly buys yesterday? Must be a delayed sell coming in?