Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Catching up here, initially missed the rns, the news is just getting round now for some here.
Well done to Greg and the team!! ....19p-30p initial target on track again.
What a relief this is today!!
https://www.marketwatch.com/story/capital-metals-shares-rise-after-sri-lankan-bureau-ordered-to-reissue-mining-licenses-d6b1fca6
$81m fully funded and ready to accelerate the operations from here, get strapped in for the long run.
Reminder...
Investors over 10-15months pulled out their money as 2 mineral licences were pulled by minister last Dec22.
10months on..
Now old investors, as well as new investors are quietly watching and returning everyday, (some more vocal) as the decision to overturn the cancellation is made official, after the 2 investigations and court appeal. The potential is obvious and glaring. The biggest risk was the company failing to reinstate the licences. Or not receieve any compansation as a result. No one on this BB has said anything negative about the BOD’s which is amazing, nor their lack of communication. This is rare these days. Another reason I invested here, the BOD’s are solid and experinced, and hungry to get this project going full throttle, and be a massive success for all stakeholders involved.
You don’t pull (attempt to steal..) 2 licences away for a buddy unless they are worth ££millions££...knowing the consequences of the action, you could lose your ministerial job, and reputation globally. That is my indicator the licences are gold dust and worth way above 20p, and the geograpgical location/ project is worth over £250m easily...Gl.
Local SL websites for news..
https://lankanewsweb.net/archives/42774/sri-lankas-mineral-sector-to-become-the-next-billion-dollar-industry/
https://www.dailymirror.lk/business
https://www.news.lk/economy
Morning,
Reminder...
CMET awakening miner opportunity of the year” before the far wider market and FOMO spreads, starts today...
- Massive disconnect between stock market and project value =Re rate will commence
- TBA-Multiple 7 additional mineral licences applications in play.
- TBA- News/result of 2 licences appeal...this week
- High Re-Rate Potential from 5p
- Market cap at 5p represents ~90% discount to project NPV, before upside potential, and with capex being targeted through offtake/debt finance.
- Expect to further enhance project economics, and expand mine life and throughput
In addition CMET project in sri lanka have:
* Less than 10% of project drilled.
* Among highest mineral grades globally.
* Exceptional economics
* Excellent infrastructure closeby
* Simple proven processing
* Low capex /highly cash generative
* Significant upside on base case
* Grade upside and resource upside
* Experienced Board and Management and legal teams
* Great communication with Shareholders - very important
* Current mineral source is only 3m from surface mineralisation open to depth.
* Good product mix
* Exploration upside - huge
* Off take interest.
* Company Contributing to Sri Lanka
Countdown to re-rate begins this week.
News imminent, possibly the very last chnace today at sub 5p.....(Dyor )
The ideal outcome is An out of court settlement before 20th, well before Friday hearing.
That is the update from the interview today from CEO.
The bad egg Minster was kicked out and now seat is already replaced with new Minister, in line with FDI
All a formality this, to avoid 2 court cases, avoiding compansation and bad press.
Big thanks to you PaulFG.
In short...massive company changing news by next week.
Surge up by close today, else mm’s would be short of stock next week, as news gets round on bloomberg on sri lanka U-turn on course.
Daft not to...
The best part of that interview, 12months on their relationship with the higher echeleons in sri lanka is now a touch short of very solid, unless he marries the daughter of the commissioner, then favourism kicks in again, and the commisioner gets booted out..lol.
It’s always about building solid relationships. The court costs are tiny also. $40k.
Great interview actually, and level headed. No bs.
Just heard the full interview with Zak Mir ...
CEO Greg: Upside NPV $155m is the low base case = sp would be about 47p pshare to $270m = 70p a share just based on the licences alone + Resources will be huge on top of that, only 3m drilled so far.
This just gets better, how many times have I had to revise my targets. 35p +
Typo 😐
#Potentially 7 further (IML) mineral licence application approvals in stages with the GSMB, some NOT subject to the illegal activities of the GSMB. Dec 22
RNS Dec 2022
The company has submitted nine IML applications to the GSMB. The GSMB in August 2022 issued two IMLs for the land area under the CCD.
Morning,
Dyor please, but If LTH’s can confirm the following details...
…Highest price Directors PMDR buys at 12p-19p.
…Potentially 7 further (IML) mineral licence application approvals in stages with the GSMB, some NOT subject to the illegal activities of the GSMB. Rns dated dec 2023
...advancing development activities with the commissioning of the EIA which will lead to (additional) applications for industrial mining licences at EL199 in the southern area of the Project, which holds the majority of the total mineral sands resource of the Project and is not subject to the illegal activities of the GSMB." July 23
If true Buy/Hold for double digits, re-rate will occur.
Revised my target to 15p - 21p
The way most investors view it, is if you try to buy on the day of the official / news leak followed by an company rns, we will already be close to 7-8p++
MM’s rule the roost from here on, however buying while no one is interested is the best way here.
Best way to multi-bag.
Great days ahead here to watch this grow into a real company again.