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Regarding volume, I think it’s because there are so many people holding this tight, new money is waiting for the handbrake to be released (IML) and will then try and get in at a reasonable price. It’s always every this with AIM listings
just listened. Good to hear discussion about where this will get to, for those looking to get in or to keep the faith! frustrating on lack of detail about the IML, but i agree with those before that the silence was deliberate and that suggests proxmity to action. The fat numbers of $60m revenue p.a. (in two year's time) is a really strong indicator of where this be trading. NOI is going to be very fat on that, so some fantastic dividend generation for those looking to buy for SIPPs et al. Even further 'sticky' share holding will make this pop as soon as the key blocks line up - and from issuanceof the IML i don't think it'll slow at any point.
thanks PAul - cracking investigation. I hope those 'by-products' are actually in scope and sufficient quantity to get us some additional earnings...
fingers crossed for news this week or i'm liquidating my portfolio and spending it all on Friday at Cheltenham!!!
now just days short of five months ago, we were told about the drilling programme commencing (5 Oct RNS). We must surely be due the news on the resource now - there is no justifiable way that they've not had initial or full indications of the resource scaling - which has to be delared under Aim rules as something which would affect the sp. since the EIA was granted and shown in the RNS of 23 Nov, we should have realistically seen the IML by now, surely?
cut from the RNS of 23/11:
· First IML Application¹ - discussions with the GSMB will now be focussed on obtaining the Company's First IML targeted for Q1 2022
· Drilling on license area EL 199 - as announced on 5 October 2021, work was completed on the infill and step out drilling programme and the drill samples are currently being analysed with initial results expected in January 2022
· Development Plan - update on the Project's development and economics will be completed by IHC Mining, a leading heavy minerals consultancy firm, with the results expected in 8-10 weeks' time
so therefore - what is going on?
hi all - sat here waiting and waiting and waiting. like a child on a car journey - 'are we nearly there yet?'.
estimates on new MC following IML? i'd expect to see reinstatement to the 20pps mark as the first waypoint, with fair value sitting around 40p whilst we wait on the details of extraction and offtake. i know the resource review is due also, so we may see the 20pps on just that bit of news.
any thoughts?
As a LTH here, I’d like the new money to go away until the 26th, so I can put my bonus in here at the silly low price it is. I’d like you all to carry on ignoring CMET for just less than three weeks please ??