Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
1. The ‘old’ licences are reinstated with a long term duration minimum 10 years
Agree on compensation for those companies who were mugged, there will be some form of negotiation regarding this to give business confidence to all new entrants. That it was a one off incident, now in the past.
An extension on the licence terms / better terms.
Someone here quite rightly pointed out, due to sacking of the old minister, minerals conference is postponed, it was set up 3months ago with the old guards, now all sacked. Hence postponement. Therefore irrelevant.
Good news is to be rescheduled, with new Minister of Parliament.
All is in good hands, the website will update in due course. website will have details. Check it.
Decisions on licences will occur well before new conference that I can say.
Thanks for sharing, can’t be far. Not concerned at all, picked up a few this am. Best time to buy when no one is buying.
One of the few that has its house in order, just awaiting on reversal decision.
A bit of patience, we will see back closer towards 10-12p.
Good to read Gents have called a truce.
The end goal is the same.
Huge blessing for the company’s existence if the licence is back and all its shareholders, short term, medium term, long term. Everyone takes away some profits and company will move forward. What is not to like. The rns will set the pace, as it stands this is the time to add, not argue, I would not add at 20p.
Reference immediate replacement of crooked MP, thanks for that information. It is all part of a very fast moving strategy, getting ducks in line for next week speeches by the 2 boards in 6 days. Regarding licences and regulations on Day2. To reassure interested parties, action has been taken.
All Positive ;)
Spreadex held BVH and took it from 18p to 1.38p, a number of shares, the difference is this is a solid business with a huge future, once licences news is made official.
Simple maths
3p-20p = 17p
4p to 3p = 1p
There is only way from 3-4p...
Watch where we are next friday.
Aimimposter2018 filtered for the good of the country
2 major triggers.
Firstly we await news from 2 weeks.
Second, RNS news on licences before “the International Mineral and Mining Forum in Colombo Sri Lanka”
20th-21st October 2023 - “rebranding”
Promoting Sri Lanka’s mineral potential for future investment and development by creating a favourable environment
through state facilitation. Includes procedures in mine operations.
Day 2
Mineral Mining: Licensing and Regulations GSMB
Role of Board of Investment (BOI) benefits and investments)
This is all very fast moving, as the conference is significantly importing to bring FDI back into sri lanks, the conference pdf speaks for itself. Info is on it.
LTH’s here deserve this spate of good fortune, that Sri Lanka have sorted its politics out for the good of their country. Must have come as a massive kick in the teeth at the time in 2022. Can only imagine..
In the mean time ....Back towards 12p - 20p.
RNS news on licences before “the International Mineral and Mining Forum in Colombo Sri Lanka”
20th-21st October 2023 kicks off.
Promoting Sri Lanka’s mineral potential for future investment and development by creating a favourable environment through state facilitation. Includes procedures in mine operations.
Day 2
Mineral Mining: Licensing and Regulations GSMB
Role of Board of Investment (BOI) benefits and investments)
Company PDF downloaded from their website
https://capitalmetals.com/wp-content/uploads/2022/09/Capital-Metals-Corporate-Presentation-2022.pdf
See EXCEPTIONAL ECONOMICS page
HIGH MARGIN, SHORT PAYBACK.
Base case uses long term price assumptions below current prices.
Expect to further enhance economics and expand 10-year mine life and throughput.
Revenues (over 10 years) US $645m
Operating Cashflows (over 10 years) US $391m
IRR (post tax). 56%
Development Study and Preliminary Economic Assessment (May 2022) undertaken by IHC Mining, a leading independent global mining services group with specialist expertise in developing mineral sands projects
Net Profit (over 10 years) US $262m
NPV8 (post tax) US $155m
Payback Period 3.7 Years
CAPEX (to positive cashflow) US $37.3m
This is more promising than all my other holds right now, these are big numbers.
Aerborne thanks for posting that link.
That is kind of what I looking for, a major trigger would be the nation’s announcement for FDI and open for business to the wider world. Either they make the announcement before here.
CMET Mnagement and shareholders awaiting outcome from 2 weeks ago.
Either way, this is going to buzz forward towards 10p-15p.
Just buy and hold. This is going on the rise from here today.
I will defintely be adding more on opening at 4.2p
You are spot on F1, initially I dismissed it, but CMET itself sees this value within 90days. I expect they know much more, extended licence term as gesture of goodwill could be on the cards also.
I would prefer others to check the website themselves.
10p -15p is the outcome here.
Won’t get that anywhere else, this actually could happen here. Need to hold.
The worst scenario’s is over imo.
Check Capital metals website
Starting to believe the value here finally (sorry..)
Go to Investor Relations page
9m Warrants date to expire 13/01/24
Expiry Price =
5,250,000 - 8p , 12p and
3m at 15.6p
3p is nothing right now!!
F1 is right 12-15p
Check it yourselves on company website
Warrants
Extended terms to existing / previous licence holders, by way of an departmental Govt apology.
Increase further FDI back into Lanka. Could be better than just re-instated licences, is what boards are predicting.
This article was significant where we are headed…licences extended terms ?
Sri Lanka warned that 12-month mining permit would make investors “run away” ECONOMYNEXT – Sri Lanka's practice of giving 12-month mining permits compared to 10 to 15 years like in Australia would make investors “run away”, and was a regulatory hurdle that had to be rectified fast, an industry official said. 3 Aug 2023
https://economynext.com/sri-lanka-warned-that-12-month-mining-permit-would-make-investors-run-away-127284/
The disgraced Minister and his family and friends and network will likely be setting up numerous broker accounts to buy in now…haha
5 - 12p would be amazing. Even 5p tbh.
Only 11.am plenty of time to rise slowly back up this afternoon and tomorrow.
Thanks.