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Looking at the trade values they're all generally sub £2k in value. This indicates to me that the price has been pulled back as MMs relish an opportunity to collect shares and these sellers are washing through. no wobble from me at all - but i should have known some trading back on the confirmatory RNS would happen!

With the next round of news likely to be offtake ratification or that there is some further recompense due to licensing (cash or further approvals) i would expect these to come through fairly quickly.

Congrats to the long suffering LTHs!!!

Ha - Dibs you nailed it. I look at my account now and don’t cry!!!

I feel like one of the 18th religious faithful characters off the telly who’ve seen the harvest come through for them. Hallelujah 😂

It’s very quiet this morning! Reminds me of the good ol’ days of two weeks ago…

Thanks Paul. Glad you’re here on a Saturday and with the wisdom so I can spot you in the many many new voices!

I agree with you on the EPS in the future. I plan to hold a decent slice to do just that - this has such a low overhead in production and the grades so high it’s likely to be fantastic for us.

I know there are some astounding forecasts out there for reinstatement. I do think 12p is a possibility with the MOU (which you rightly corrected me on!) in place for the build and off-take agreement. If the port reinstatement news follows through quickly that will be another plus point.

Something which the LTHs have always discussed was the small amount in PI hands. IIRC it's just 16% (please fact check!) so that volatility caused by demand will be a MMs nightmare, hence the absolute smashing about to deliver on purchases...

Well the message board has changed since last week 😂.

We know there is more to come, just wait for the news to come on the licences and the rest flows from there!

Here’s another trigger event in the diary. The conference chair (and perhaps the GSMB now…) would probably quite enjoy the ability to state that Sri Lanka is open for business and that legal matters are resolved for CMET.

I would expect to hear more from our side and theirs in particular for this event.

https://slemb.org.sa/international-mineral-mining-forum-at-the-bandaranaike-memorial-international-conference-hall-bmich-in-colombo-sri-lanka-on-the-20th-21st-of-october-2023/

Hi Dibs61 - well that’s been a cracking day! I’m catching up on the latest chat from some new blood. I was worried I’d be sounding rampy at 5p but look where we are… I think once we have the full reinstatement there could be a good clean run up higher than I first assessed (looking at AIM behaviour manifesting here as per usual patterns!).

Lots of mileage in this share as it reinstates value. I do think we’ll be pressing up and beyond the warrant reserves by the end of the year, and will continue to hold this for medium term earning benefit in my ISA.

My first check point is 5p (simply back to having the EXISTING licenses again) and then 12p following the fact we have the OFFTAKE agreement in place and everything is waiting to roll.

This was at 5p before the shambles last year, and that was before we had the confirmation of an offtake agreement (which is yet to be factored into pricing).

I’m a LTH and have been through the agony of the PAL days (remember that tax shell for £43m anyone?) which CMET reversed into. Was 20p back then and there has only been a low level of fundraising since. I personally will hold a big slice of these for the long term as once producing and exporting this has a HUGE bottom line outlook.

Good stuff! I'm the one usually giving away 43%!

If it does what I believe in the short term you'll be very happy, and I'll be back on the right side of the profit line! These are all in my ISA so I'm happy to watch it grow and rebound but the last 18 months have been a testing time while i've averaged down at those points where i really believed it had bottomed out.

Some lucky souls have already made up 43% this month. I’m glad this is tiptoeing upward and will be delighted when this is back to where it should be.

I've been absolutely swamped with work and trying to catch up!

To Dibs61's point - this has been beaten down by the jeopardy around the licensing, which if that is nearing repair and reinstatement, then this should have a short term pop back up to 4-5p (so 4x bag). I think we're also so much further along with the offtake agreements and that they are ready to go that we should be in a good place by end of calendar year.

If this reinstates to around the 20p point (ok, before the recent dilution!) I think is a fair and first waypoint for judging the longer term good for me. i had put these in the 'forget me' section of my portfolio but now think i'll be able to look them in the eye again come the end of the month!

Plus aren't we able to use the PAL-days tax shell benefit to reclaim c.£43m of tax? so the earliest days of production will be full yield and really accelerate the bottom line growth.

I will as well - might mean there’s two PIs in the room 😬😂

It would be great to get a short video on progress and news. It just Carrie’s so much more convincingly that a clinical RNS.

So what do we reckon it is? Numbers too big for Bed and Isa etc. did that trigger those other lumpy buys? Who knows what in the scandalous world of AIM?!

Https://www.dailynews.lk/2023/07/31/local/54464/investments-over-us-1-billion-via-international-mineral-forum-gsmb/

So I found this - they want a $1B investment opportunity in the country to run within six weeks-ish. They’re going to have to prove that they’re investable PDQ to stand any chance of anyone buying into the plan. I think we’re about to get some decent news…

I was hoping to have seen a video from Greg on this topic and for that to include an update on his efforts in SL. The outline strategy was discussed about how they want to engage constructively with all the parties involved - the ambition is clearly to avoid a protracted legal case, yet alone for the costs involved. I would expect an update on the JV terms before the end of the month if there has been discussions to extend and using the licensing as the go/no go factor rather than an expiring date.

Hi all. I was the lone attendee today and it was short and sweet as a meeting. I took the points raised herein and my own and can offer the following:

- Greg is in country (a very positive act!) and so was on the end of the phone.

-- His update was concise and logical about how he's working as the man at the helm. This is in itself a good thing in terms of getting the right CEO in for the operational phase rather than for the immediate licensing issues at play.

- Mentioned that lots of engagement underway with the right people to get the licensing moving forward.

- A number of options for consideration from straightforward diplomacy to the legal end of the spectrum with very credible angles to utilise (I'll not write it here for the sake of protecting the playing cards!).

- look this up on Youtube: "COPE slams GSMB for seeking minister’s approval for issuance of licenses" watch from 4:10 on for the English segment!

- Comms. The team all agreed that this needs to be better. If that is the big move from here I will be a lot happier personally!

- Reputational harm. I had wondered if Frayne had damaged anything diplomatically during his time and if that had caused this impasse. A resounding 'no' to the question and that the real harm was due to the length of time involved in this, rather than how it was done.

so short and sweet. I walked away feeling that the right things are being done and that they do have 'skin in the game' and wanting this to work out for the good... a common AIM failing!