Member Info for closettrader

Could explain why nothing was available to buy for the last 5 mins of trading today........

Investor presentation 11am today - notice link here: https://www.londonstockexchange.com/news-article/CMET/notice-of-investor-webcast-updated-presentation/16792030

CMET's Chairman will be presenting at Europe’s largest mining event @ResourcingTomo on 5 December inc. the lower capex plan for first stage of production, and benefits of super high grades for simpler mining. Then the Investor presentation and Q&A tomorrow........things could start to look lively soon........

Impressive interview indeed ……

I'm as enthusiastic as many others about this Company......but you do have to take note of Company RNS's and in the RNS of 16 Sept announcing the proposed raising of £850K at a share price of 0.075p it stated, 'The net proceeds from the Fundraising will ensure that the Company has sufficient funds for its immediate needs until December 2024. Accordingly, in conjunction with its commercial activities, the Company will continue to seek further funding, in part to facilitate a proposed move to AIM in 2025.'

Here is a start-up with enormous potential but fund raising will inevitably be part of that growth....and after all the share price is over 10x that raise price so things are certainly moving in the right direction.

Apologies longshorttrade....you are right on the number of shares after consolidaton (3.5m) ......

Not sure your maths is right........

100m is not 5.14% of 3.91bn .....so someone has their maths wrong here......have GBP updated their website recently regarding the total no. of shares out there?

Go on London Stock Exchange…….from memory some pretty decent trades in the last hour or so….

Excellent update..........iodine prices strong, production increasing and now in the middle of a healthy looking H2.

0.1

Notwithstanding the potential payout from Poland, can somebody summarise why this Company is currently valued at over £100m.....it seems just to have very early stage projects in Greenland, plus one in Germany, with only one (the Greenland ARC project) detailed on their website.

Before anyone invests in here please read the Company's RNS of Sept 9...........

Everything on track for a significant increase in production........

Well that's .21 hit, now for the reversal............

In auction.........steady buying over the last week or so and in a great sector.

With H2 production expected to be 30% higher than H1 (which itself was almost 10% higher than 2023 H1) with the coming online of IO10 and crystal iodine prices continuing, and predicted, to remain strong this company is scheduled to generate increasing profits.....and there's IO11 planning to be added in the near future

Do we have an idea as to whether the PSC is going to be renewed as per last RNS - decision due August so time running out:

We wish to inform that the Production Sharing Contract ("PSC") for Block RJ-ON/6, which provided for an initial contract period of 25 years, expires on 20 August 2024. The PSC also provides for an extension for a 10 year period thereafter by mutual agreement with the Government of India for the natural gas fields.

Extension of the PSC for Block RJ-ON/6, for a further period of 10 years from August 2024, has been applied for and is under consideration by the Government of India.

Further to the Company's 17 May 2024 announcement, it is noted that gas sales remain at a reduced level due to the ongoing maintenance of ultimate customer power plant, which is still to be completed.

The Company looks forward to updating the market further in the future.

Excellent recovery from low 5's...........looking strong with some nice buys and in a great sector - energy efficiency and CO2 reduction. Positive outlook in the latest investor presentation.

...and for those that believe in charts and Fibonacci retraces, GCM has started its rise again after its 61.2% retrace from the historical rise from 0.9p (Nov 23) to 10p (Apr 24). ....all perfect timing for the GL!