Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Aren't they just talking about the original MoU that CMET agreed with LB? I don't think its anything more than that
Eh? Are you saying you know the JV is done and who with?
Er, it's Saturday. How can it be down sharply again this morning?
Mr Frayne?! Is he back lol
Oh come on Paul, I know you are a jaded long term holder (like myself) but come on. You're bordering on conspiracy theories now. Next you'll be wearing a tin foil hat!
Its not becoming quite clear thats happened at all. And herein lies the issue. We haven't a clue.
Basically when you see Damsila just think CMET
It's just the local company set up to carry out operations in SL and is encorporated into CMET. It's always been the case and is nothing to worry about.
Well you would imagine they need a geologist for the exploration activities to expand the resource.
Copied from a post on AdVFN
"Hi xxxxxx
Thank you for your email. I don’t know why James’ email wasn’t working as that is the right format – we’ll look into it - but in any event we have replaced it with another email address for the IR team who are in very regular contact with the board so you can expect a timelier response going forward.
There is absolutely no contempt towards private investors – that could not be further from the attitude of the board of CMET. The company recognises the hugely important role you and other private investors play and your loyal support in some cases for many years. The chairman has been proactive with engagement, including convening a live webcast in November with Q&A. We expect there will be more of these opportunities alongside important milestones as they occur.
The company announces updates on RNS in accordance with its regulatory obligations, in consultation with its AIM adviser, as and when events occur which warrant an RNS. While we understand that investors in listed companies want to hear updates as often as possible, it is not always warranted or prudent for a company to provide a blow-by-blow account via RNS of matters which are in motion.
There has been a lot of work going on behind the scenes since the last RNS but nothing warranting an RNS yet. The chairman has been in Sri Lanka for several weeks, where he remains, meeting with relevant stakeholders including the GSMB and BOI addressing all steps needed to get the project into construction as soon as possible. As soon as there are updates which are appropriate to be reported on RNS – including about offtake - the company will publish them without delay and answer questions about them / hold Q&As etc.
Kind regards
Ben – on behalf of Capital Metals"
Dibs - I didn't need to "scour your posts" - I just recalled you ramping to high heaven only a few weeks ago about multi bagging and such a stark u-turn was fairly noticeable. Just have some integrity old chap. And yes, I did know there would be equity given in the JV. As others have said, that much was pretty obviously going to be the case and it wasn't exactly hidden in the RNS. No concern to me that other than the question is how much and at what cost, which no-one knows. So for you to say there's idiots here that didn't realise this when you were only recently ramping blythly unaware what the JV meant, despite it having been previously released and is as clear as day in the RNS is a bit rich indeed.
Dibs - you said this only last month:
"The market waking up to a possible $10m milestone payment perhaps? That would equal the current valuation. Crazy. If it happens the SP doubles or even trebles very very quickly.
Unashamed ramp."
So you are were one of those people talking about multibaggers that you now bemoan. The JV was public knowledge then too. When you posted that. I assume you are just trading in and out of this stock and that's why your messaging changes like the wind!
Might be more news shortly other than the JV concerning other IMLs:
"a separate further hearing to receive guidance on any outstanding matters in connection of the Company's multiple pending applications for additional IMLs related to the Project is due to take place on 7 December 2023. "
Also positives are JV hoped to be signed by end of year, that the lease on the port is basically ready to be signed when we are ready and there is only a small window of time required for mine planning before construction.
I think GM is suggesting that cash advances of 10m dollars to CMET on signing of JV will fund exploration. If so and I didn't misunderstand thats massive news.
Eh? They were warrants attached to the previous placing. There were 2.5M total IIRC. I imagine they are being exercised because they are making 300-400% on them!
1.6M 1p warrants exercised, probably is the selling and what has held it back . Theres another 800k-odd left. Not massive....
Decision already made according to chairman and being drafted
Watch this - New interview with CMET Executive Chairman - licence decision due before end of next week......
https://zakstraderscafe.com/interview-greg-martyr-executive-chairman-capital-metals/7884/
Don't disagree but some of the posts over the last couple of days here and on Twitter are misleading at best. But anyway I'm not gonna labour a point. Disagree with it, that's fine by me.