Member Info for DRealJohnJohno

Ye both the main options, but if it was stage 2 I would be fuming. I can’t see it to be honest given ML and EIA are time bound and reviewed. Why would they wait another 12 months before getting into production.

That’s the gamble isn’t it really. Option 1 (massive re-rate)

Option 2 SP will stay at these levels.

I just can’t see when you been granted ML why you wouldn’t go into production

That’s it Paul. I couldn’t myself but I am still confident in the project and needed to get that average down….

It’s not been pretty but still confident in company just want them to start delivering now. I would just wished I found the company now at this price… I’d be in heavy

Frayne in recent RNS august 2022… “ We look forward to keeping shareholders updated with further progress as we work with all stakeholders to bring the Project into production in a timely manner."

I get why he’s not committing to dates due to external factors but he still needs to give an idea in order for shareholders to hold the board to account.

I did top up on Wednesday, still confident in project just want to get moving with it

Be great if some people could get down there Paul. I am miles away, but if no further information in advance of AGM we need to be asking questions…

Not sure if you have seen but CMET are recruiting again which is positive sign that offtake can’t be far away

2/2
“Hon'ble Minister of Environment Engineer Nashir Ahmed commented on the discussion and said that in the future the mineral industry will be done as the minister needed to lift the country's gross domestic production as in the past. It also said that they will work to increase investment opportunities in Sri Lanka's mineral industry sector and get more than two billion dollars in the country in the next year, to increase the current exports of the mineral exports sector and free them Want to grow my industry He also said that he is working to enact law and regulations. Geology survey says that more is working to make necessary policy decisions regarding this, constant exchange of views with investors, issues and proposals for licenses holders, and work to deliver them personally in writing allegations Weekly events with the Bureau of Mining The minister also said that these points will be discussed and an immediate strategy will be made during the act review discussion. The Hon'ble Minister of Environment said that the licenses presented points on their difficulties and steps will be taken to facilitate the investment by preparing quick work for it.“

All indications state this is just a matter of time… should give offtake partners confidence. It’s given
Me confidence to invest further

“Discussion regarding problems faced with mineral industries under the patronage of Hon'ble Minister of Environment Engineer Nashir Ahmed at Ministry of Environment Auditorium on 2022-08-18.

For this occasion, Secretary Specialist Dr. Anil Jasinghe, Additional Secretary of Ministry of Environment R. A. R. R. A group of bureaucratic officials including Mr. Rupasinghe, Chairman of Geology Survey and Mining Bureau, Dr. Senarath Hewage, Director General Engineer D. Sajjan de Silva and a large group of burecratic excavations, research, export licenses participated.

Comments made by Dr. Senarath Hewa, Chairman of the Bureau of Geology Survey and Mining, commented on the discussion on the issues of the mineral industry. He said that the country has already compiled an investment of around $01 billion to develop the mineral industry in the next year. The necessary work for exports of $300 million worth of minerals in the next two years has been launched under the guidance of Hon'ble Environment Minister Nashir Ahmed. Investors engaged in the mineral industry said they needed a large scale clearances for their licensing activities for their licence activities. But in the future, with full intervention of geology survey and mining bureaucracy for the clearance work, the bureau said that the bureau would work as a coordinator for those institutions and speed up the licence process. It was also said that the necessary cabinet approvals and law regulations for this will be done very quickly under the leadership of the Minister of Environment.

Mr. Engineer D. Sajjan de Silva, Director General of Geology Survey and Mining commented on this discussion.

The Hon'ble Minister of Environment called the meeting to address the current crisis in the mineral industry, and the aim of the meeting to quickly take necessary actions to address the current ongoing crisis situation in the mineral sector. Done with the cloth. Further, the Director-General said that the current contribution to the mineral sector's gross production is between 0.3 and 0.5 percent. He further said that the price was planned to increase to 01 percent within the next two years and the aim is to solve and solve problems that the minerals industrialists need to be solved by the government.

The discussion also took place from investors engaged in the minerals industry about policy decisions that the government should make, change the system, and carry out customer service in a better quality way.”

P 1/2

Here here. The company fundenemtals are solid. Expansion, aligned interests with shareholders, and growth of capacity.

I am in a number of shares and really excited about this one and I am happy to switch off until 2025 and just watch the company grow.

It’s 39 acres from my math which is some distance given it’s not about land size it’s also about depth.

What fantastic news for all us LTH. It’s now a matter of time before offtake and start of production.

With the news that Oluvil port is now operational which was a concern for many https://www.dailynews.lk/2022/08/01/business/284133/oluvil-fisheries-port-opened-after-decade-public

Now we have the biggest risks to the investment address the IML. We know this company will go into production. Understandable the gov in Sri Lanka have many issues to address therefore to get this over the line is massive achievement.

Let’s get off take sorted and into production

Looks like they submitted there technical report in February 2022 https://finance.yahoo.com/news/ceylon-graphite-files-ni-43-220000975.html

Intresting to see GSMB are active having just renewed mining license for graphite company (renewal). Give me hope there getting rid of the back log and we could be next. As frayne has said we’re imminent https://greatreporter.com/2022/06/13/ceylon-graphite-announces-renewal-of-industrial-mining-licence-for-the-k1-mine/

The next piece of news has got to be IML hasn’t it as we have had the drilling results and offtake won’t be granted until IML. Can’t see any placing given cash low burn will be low as communicated from previously RNS, with Frayne confirming on many occasions that we have funding too offtake and offtake will be used for construction.

Got to be IML RNS….

In the telegram group, one of the members has done an initial estimate summary below:

“ Given the 560 holes reported today, against the 1634 holes in the JORC resource estimate, and the extra THM percentage, and assuming all other variables remain the same, I calculate this will be 6.5MT of extra resource, a 38% increase.

This of course is only in the top 1.5 - 3 metres down to ground water level (sea level really), and sonic results show higher THM percentages at depths down to 14 metres, so one could legitimately infer a resource at least 5 times greater just on the coastal strip, without looking further inland, or out to sea, both of those areas are within the current ELs. At 1.65MT pa excavation rate, that would give a minimum life of mine of 68 years! I suspect that if these resources get proven the excavation rate will have to be increased......“

I thought I would share with anyone not in the group. This is only a matter of time for me. Get this IML in the bag…

We need the update on the 18,000 production. Surely it’s close and decent updates with pictures of production would be nice. It’s just disappointing when they go all out promotion and great engagement then nothing.

I do appreciate they are running a business though and although important they need to focus on the production.

Let’s hope for new rich period…it’s looked away for me away until 2026 but wouldn’t mind bit of a boast to share price.

https://www.thisismoney.co.uk/money/investing/article-10889517/amp/SMALL-CAP-SHARE-IDEAS-Mineral-sands-explorer-Capital-Metals.html

Finally Paul...

Yes i agree DFS just shows what a cash cow this project can be for the business and Sri Lanka. A company that needs significant investment. Looking forward to next few months could be a real exciting period. Expecting offtake and mining licence to follow

I’ve been LTH here therefore I am hurting but I looked at why I investored here:

- Good story- yes
- Good economics- yes
- country needs investment- yes
- material in demand- yes (and some)
- EIA approved- yes

But most importantly I invested here because Micheal frayne has done this before taking a company through ipo listing, then through EIA to production. Increasing mcap from 28m to 220m.

https://m.bdnews24.com/amp/en/detail/bangladesh/91271

I am as critical as anyone but maybe just maybe he knows what he is doing… given most of us are down and nobody is expecting anything. What a time to invest or double down. I’m tempted on Monday.

I’ve had several replies Paul, even offered to meet me in London via his team before he went to Sri Lanka. Due to work commitments I couldn’t, but that give me a lot of confidence. I have though issues several emails which get no reply.

I do honestly believe he’s lining this up in the background but he needs to communicate on key issues and progress.

I hope so Paul, I’m holding 600,000 shares. I’m in for the long game though 2-3 years (target is 8 x increase from here)