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So capital metals tweeted
"As part of our ongoing community support initiatives, #CMET this week provided food packages to people in our project area affected by the downturn in local tourism
Our operation will open up new types of local employment/training opportunities to complement established business https://t.co/2BH027Lcai"
Still no EIA!?!
I think lookimg at vaccination figures and seeint them go up, giving hope EIA will be finalised is grasping at straws here. Covid19 seems to be the excuse for incompetence here. They should have never of said within the next few weeks when they knew it wasn't possible. Expect more delays.
Seems crazy people were buying this share at 20p plus on proposed EIA, now share price has been hammered because of delay, are you saying EIA at best will reach about 18p?!? It doesn't add up. So those underwater will break-even at best. I would expect 30p on EIA.
Lets be honest, covid restrictions are going to last for months. The government only does it week by week to avoid descent from their citizens. Production in H1 is unlikely to be happening. EIA we will be lucky to get it this year. We are deep into September and approaching Q4 and still nothing. Except another "good progress" RNS soon, how EIA is all but signed off etc...
So Sri Lanka has extended their lockdown (absolutely no suprise) until thr 13th of September now?
Sri Lanka Lockdown: Sri Lanka extends COVID-19 lockdown till September 13 | World News - Times of India https://timesofindia.indiatimes.com/world/south-asia/sri-lanka-extends-covid-19-lockdown-till-september-13/articleshow/85894044.cms
So expect another boring week with no news and trading side ways.