Member Info for Dibs61

I agree. Much ado about nothing. Negligible costs for improvement - largely administrative and communication rather than operational or infrastructure.

Now we need a rapid return to mining operations as there is no need for any significant delay in doing so that I can identify.

At the end of June (fin year) they had £0.4m plus the £1.4m they raised in cash call subsequently so they have, let’s say, around £1,5m net cash just now. I’d say that’s plenty sufficient to complete both drilling programmes at RS and Cottesloe.

Put it another way I’m sure they worked out how much they’d need for the current drilling programmes before they issued the cash call, plus Pouldens wages of course (otherwise known as ‘working capital’

I’m here for the ride and despite off rather than because of management. They seem to have a couple of decent prospects.

Amazed there is not more attention being paid to this situation.

Easy money to be made if you do a bit of homework.

I’m not sure about 100p just yet but certainly further short term upside and way beyond 100p longer term

Reference my previous post I should mention that a meeting was held by the EDB on the 19th September to discuss the above topic and a CMET representative attended - Dr. Sandun Dalpatadu, the Secretary of CME from Damsila Resources (Pvt) Ltd.

We are clearly very much involved in positive discussions to push matters forward.

Positive noises coming from Sri Lanka’s Export Development Board. Can only be good for CMET….

http://www.colombopage.com/archive_23B/Sep19_1695138371CH.php

This is going higher, no question.

Delighted with my purchases today. Good days work.

PrivateRyan - thanks for your thoughts, interesting. I have an open mind but have previously worked in the NHS, so I know the nature of the beast. Very stuck in its ways, resistant to change.

I think it would require a national edict. From Right at the top will be the only way to move this forward. I didn’t see any big players at this appg meeting and Tom can say what he likes but it won’t change a thing unless desktops are thumped at the top.

Just us enjoying the ride then pedro ;)

Yes looks like a bounce is developing. I topped up @ 37.

Just three today and all are sell’s but well above quoted bid price.

In previous years the year end trading update has been due anytime from now until early October. I am expecting it to be positive.

Same here. The price did not tick up after my purchase. One thing is for sure though that supply is tight. Could be an order to be filled.

I sold out this morning - temporarily - as I believe the price will inevitably be dragged down to placing price or just under. Usual AIM practice.

Hopefully more concrete news on the helium discovery in Canada will propel this forward a little. With uranium now in such demand I am sure the market will eventually wake up to what’s going on here.

Have to agree with you there jolly. Picked some up this morning @ 4.06. Great price and decent dividend thrown in too.

My SP target a little more modest than yours but I still see at least 20% upside from here.

Price has been creeping up ever so slowly over last 7-10 days. Interesting.

Valuation is rock bottom and priced to go bust which they very definitely are not going bust.

I bought in heavy @ 1.03 which, I strongly believe, was the bottom.

The licence issue will be resolved. The patience being shown by LB Group evidences this.

I think more positive news is on the way. Keep in mind the majority of the areas they have exploration licences for is NOT affected by the licence issue and only 5% of the total area has been explored.

Massive potential SP upside here given current derisory valuation.

Clear multi bagger potential. Could be one of the best performers of next year if not before end this year.

As has been quoted before the NHS budgets for the financial year - April to April. So there will be no ‘rush of orders’ by Christmas. It just will not happen. If anything is going to happen it will be next Spring. Don’t be fooled (again) by that cheeky twinkle in Oakleys eyes.

Legalwolf have to say I largely agree with you and lack of trust in management here is a BIG issue.

That said valuation is low for the properties they hold and any discovery would propel this to multi bagger but it’s a big IF.

Looks like a few profit takers moved in at 14p which is understandable/predictable. Now taking a breather. Will be interesting to see if that is it for the day, or we get a further burst later?

Built up a holding of 150k shares recently @ average of 11.4p. What I consider to be a rock bottom price as I believe this is now a firm recovery play.

Empty end - what did Vulpes have to say about the valuation?