Member Info for ATOM72

Hype IMMENSE

Share action PITIFUL

CMET board WOEFUL

A man heavily invested in CMET runs into a Doctors Surgery and shouts “help me, help me, I’m shrinking”.

Mr Frayne working behind reception responds “calm down, calm down, you will just have to be a little patient !”

Sorry not sorry, as you were folks

Evening all,

Not posted on here for a long time as I knew this was a waiting game but MF is taking the mickey now.

If he was a Prem Manager he’d be long gone.

Have a look at his You Tube clip with 121 Mining from 4 years ago and listen to what he says. I know progress can be slow in the mining sector but we appear to be very little further on even allowing for Covid 19.

The SP when the suspension was lifted nearly 12 months ago was 15p and placing price 12p.

The SP is currently lower than the placing price with alleged EIA approval knocking on the door.

The timetable for year end and timetable for H1 2022 are simply pipe dreams as things stand.

Sri Lanka are allegedly welcoming these sorts of projects. If Covid has damaged the country’s economy why aren’t they rushing the approval through ?

KLK are invested at £1.00 so need a 6 bagger to break even.

MF will be out unless CMET deliver shortly.

All the Best !

......and the “Mr Patience” award goes to.........

Give it chance Iknownuffin, opened at 15p and currently 18.8p....that’s over 20% in 2 days.

Give it 2-3 weeks to bed in and the teens will be a distant memory.

£1.00 ? You been on the blue smarties Sycric ?

Surely got to open at 15p which is equivalent to suspension price post consolidation price.

First hour it either drops to placing price of 12p or flies out of the blocks !!

If all the talk is to be believed then I cant see it dropping towards 12p.

If you get your 6 bagger of £1.00 in the morning Sycric then I’ll be on here to apologise to you.

ATB

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.

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

Ssshhhhh don’t tell “Iknownuffin”, it wont go down well.

Spose it all depends what price you bought in at.

Think Doc tipped it around the old 1 - 1.1p stage and it dropped to 0.75p before suspension.

Those in just before suspension could be in for a multi-bagger this year.

Dont forget KLK average is around 5p pre-consolidation.

Bring on next week !

Ha, ha..........very cynical Iknownuffin !

He’s got a good strike rate and you could do alot worse than follow his tips !

Looks like he called this one right, O.K. not near the suspension price but still money to be made here I rec.

ATB

Evening all,

Anybody follow Doc Holliday on Twitter ?

If so, check out his tweet this evening on PAL.

As said previously, sit back, enjoy the ride and keep hold of them Willy Wonka Golden Tickets !

ATB

Far too negative post that JustHere.

If the SP does drop to the pre-consolidation price of 0.6 then that leaves KLK needing an 8 bagger to break even. They’ll know what they are doing and the G.M. of KLK is still on board.

PI’s are aware that these mining sector companies take time to reach full fruition but there will be many exit points on the way for PI’s to take profit depending on their own strategy.

If PI’s decide the waiting game is not for them and run for the doors as soon as the suspension is lifted then I’m confident that their shares will be hoovered up by the more patient investors who can see the long term rewards.

Further raising could well be required later down the line to fund further exploration but the SP could be alot higher by that time.

Negotiations are currently ongoing with source off-takers. CMET have the source in abundance so that could start a bidding war for all you know. There will also be a major or two keeping an eye on this one to see how it develops. Sooner or later these majors want a piece of the pie and will make a move. Seen it play out like this before when I was in SOLG with Newcrest and BHP.

Granted, it wont happen overnight but sit back and watch it play out. For every PI who bails and moves on there will be another who steps in and sits back.

Interesting first quarter coming up and remember KLK’s average is most probably far higher than yours. They will have done their due diligence and will know the full potential in this project.

ATB

Not sure how he knows that but I’m sure all will be revealed in due course.

Open price after suspension lifted will be circa similar price at time of suspension.

Priced to go/price to rise is only subject to new information being released to the market shortly thereafter I assume.

CML might be sitting on a good resource but as I said previously these mining sector shares can take time to come to full fruition.

Raising further capital will be necessary to explore whole area then obtaining licences and putting the infrastructure in place to mine etc.....

Could be a mid to long term investment now so you may see the traders/short termers run for the doors when the suspension is lifted.

Here’s hoping it spikes straight away in 2021.

ATB

Thanks for that Dan.

Noticed Doc’s response saying “priced to go”.

What exactly does he mean by that, do you know ?

ATB

Yeah sure Counting cards,

1. I dont think it was an “excellent” RNS, average at best.

2. I have read it properly and it is not contract wins for Icon. It is contract wins for Joe and we have no idea what the target is before we qualify for a 25% cut.

3. Contract wins for another company will have little or no effect on Icon SP as we do not know what Joe target is.

4. We have not been told of the target as its probably unachievable.

5. Being upfront will not have a positive effect on the market.

Hope this helps.

ATB

Redhammy,

Why do you think that was an “excellent” RNS yesterday ?

Have you read it properly ?

We have had better RNS’s recently and its done “**** all” for the SP so why would an RNS announcing contract wins for Joe (and not Icon) have a positive impact on the SP ?

Why have Icon not told us what the target is with Joe before the 25% profit kicks in ?

Why not be upfront with figures and level with PI’s who want to invest ?!

I’ll leave that one with you.

ATB

Guypie, with respect how would Airborne know ?

PI’s are not privy to that sort of info.

RNS stated in or before December so anytime now really, fasten your seatbelt !

Not sure what the hype is about with that RNS.

It costs money to release an RNS so save it next time or trying telling the market you’ve actually won contracts worth £750K for yourself instead of somebody else.

Feable attempt at trying to hoodwink PI’s and get a quick spike !

Yes we get 25% of profits from Joe subject to a certain amount being hit but I bet your bottom dollar that target is not hit.

More smoke and mirrors, you’re gettin boring Icon.

If these upcoming financials do not clarify exactly where Icon stand debt wise but instead bamboozle the market and serve more confusion then people will be majorly peed off.

The sharks are waiting to take this one down big time so lets hope that the financial RNS is crystal clear.

ATB

ANOTHER LATE RNS

Personally, I dont like it and I think the market will be sceptical tomorrow.

Deadline of 30th November or not, they could have released that RNS first thing.

Releasing it on the bell is more of a negative than a positive to me.

If somebody has just ploughed in circa £1 million then you would be shouting it from the rooftops to get the markets attention not just sneaking it in the backdoor 2 mins before the bell !

Then there is the question, why choose Icon when there are arguably far more other alternatives that have been transparent with PI’s over the last 12-18 months.

Hope I’m wrong cos I’m in at 0.02 but been here before. Things still not clear enough.

Said it before and will say it again, the SP will react very positive in my opinion to an RNS detailing anyone from the board buying a shed load.

They can talk the talk, need to show they can walk the walk.

ATB

AMT,

You can clearly see that the market has lost patience with this share.

If Icon want PI’s to give them time to execute their strategy then they need to give something back to PI’s.

Telling the market “there are lots of big deals in the pipeline” and “we are doing blah,blah,blah” wont wash anymore.

Prove to PI’s you are serious, get your dollars out any buy some shares in your own company.

If PI’s see decent Director buys then confidence will return and they will be more patient with the board and allow them time to do what they need to do.

Simples.

RNS states “in or before December 2020”

Could be a delay with face-to-face meetings currently prohibited but would be lovely to get a Brucey Bonus before xmas.

Worst case scenario, SP opens up at equivalent level post consolidation and then we are all locked in whilst CML gets the licences approved and proves up the resource sufficient enough for us to bail with our initial stake back !