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It’s a business and needs to start making money, unless it is a development plan (which I doubt given the approach to date and the limited acreage granted IML so far). I expect us to be digging the ground in Q4.

I reckon £50k of buys and we’d be in the double digits again. Sticky holdings and a squeeze and it’s off back toward marginal value!

Lucky b**gers getting to buy at 5pps, when the logic points to it being multiples of that within a modest timeline of 6-12 months. Just need that offtake plan, see some photos of works and we’ll be on our way north. I’m planning on keeping 50% long term as the divis will be rude!

Bit of a pain it being a Friday (I’m now a TWAT ??) but I’m in so heavy I think I’ll make it happen.

To the point of Ed’s previous statements on Leap value, he’d end up under investigation pretty quickly for either misleading share holders previously or committing a fraudulent disposal. So he has to be very careful on how the Leap disposal / IPO might take place.

Thanks Paul - a useful link and a lifeline to Sri Lanka. I’m hoping that we we should hear further IML news in the very near term, as I would argue that offtakers will want more acreage in the plan to validate investment. Or maybe they get digging and prove what’s available in the first two areas - I just want to see a picture of a JCB clearing the scrub and some marking out ;)

Did anyone understand the cryptic mention of CMET on twitter?

Reaffirming fundamentals and reassuring we’re going in the right direction. Will be interesting when the value gap closes to fair value for a development at this stage.

it has to be because they're on the final stages of sorting offtake I would say. I also think all financing will be seed-investor loaned; I'm thinking KLK will have first dibs on making a ROI on any loan. doubling down perhaps, but why give away anything to anyone else!

We must remember this was a tax shell, so there is something like £30m in the tank. hence dividends will be excellent once in production.

HI all. Just wracking my brains for what the seed investors are in at - is it c.£1?

I think I recollect a share split at a 5:1 ratio, which is what got us down to around 20pps all that time ago.

Some reasonable progress made, and hopefully some further detail to come which justifies the £78k but today…

When Frayne moves shares into Chulu Trust in Feb 2021 they were 19p a pop… how things change.

Anyone else have a weird feeing about this week? Maybe it’s because the world is bubbling over, but for some reason I’m hopeful that we’re going to get an update…

face to face meetings in March, four months would take us to July, if all things are equal. That gives me a little more faith that we're closing in...

i'm still trying to work out why we had a price monitoring RNS this morning - logic doesn't seem to tie up on it without a big trade...

Can we ‘pass go’ now and get the IML…

Great results but it’s all sitting in the deck until we get the green light. Must be something Frayne can elaborate about the process etc

Do you think the IIs are in the dark? I very much doubt it, so therefore he should relay the same to retail.

can anyone clarify what the GSMB are actually investigating or reviewing now, preventing them giving a decision? It feels very much like a couple of key people holding the pen on this, so i remain baffled as to what the queries or factors at play are?

Just topped up on payday with £1200. Not a huge amount I know, but that makes my average 9.999p - which sounds better than double digits ;)

Looking forward to one day us having the IML and this price is a long distant memory!

and don't foget that CMET was reversed into a tax shell... IIRC and quickly, it's worth £35m of UK tax.