Member Info for jonny_five

Someone is dumping in 50Ks. Two on Friday and another two today. Thats 1.5% of the company. Wouldn't be surprised if they were behind some of the other large 25 and 30K sells that keep on coming.

Exactly its non regulatory so its just information. Some were moaning that they updated the Facebook page under Damsila and Capital released nothing. Personally Im grateful for the update and info and that everything is progressing, if not quite the EIA approval we wait for with baited breath.

All buys today, but think its still down as there was a 500k delayed sell showing from Tuesday. 300k all buys today and a 100k big buy yesterday so not long to go to clear it.

population*

Just checked their vaccine data and they have done just over 6m doses in a pollution of 21M. A couple of weeks ago it was less than 5m so that are starting to get through them.

Yeah that's a fair point, but fairly unlikely and I think more relevant to CMET is that the government are desperately cutting back on imports and trying to find ways to increase exports to cut the trade deficit which is the sole biggest contributor to their national debt situation. CMET are in an ideal position to capitalise on that need.

I actually think its the opposite, they are desperate for foreign investment because of high national debt and a significant trade deficit.

As much as I do believe the risk reward ratio here is excellent at this price, I would be a fool to put all my eggs in one basket and not spread and mitigate risk. But thanks for the dubious investing advice!

Its easy to say why don't you sell some of your other shares to top up here, but I think a lot of other shares have been decimated too so its not really a viable option for some. I know I'd love to top up here but my other shares are also on their arse and Im loathed to liquidate any at the moment.

Did you have to put in an order Paul or could you buy them straight off the market at ask?

With an MCap of under 3m now and 1.4M cash in the bank and low cash burn, the ongoing business is not far off valued at junk. Any upturn in that or news of any mergers and acquisition and its a different ball game. The SP is so decimated now, the risk reward ratio is pretty favourable.

Ha exactly my point Craig, agreed.

Theres been quite a few pointers that a big proportion of the Capex for the mine could be raised through off take and not dilution, so although the SP drift is annoying knowing most of us could have bought in much lower, the crux for me is I don't care as long as they don't start diluting at this low level. Id like to think with the large II shareholder base that this is out of the question.

I very much doubt they would consider coming to the market for funds before the EIA and/or mining licence is granted, if that's what you are suggesting, knowing the SP is likely to be far higher then? Id certainly hope not anyway. I think the drift is just simple boredom of waiting and weren't some of the lock ins due to expire at 6 months, so could be some of those stale shareholders selling. But Im not too sure about what the lock in agreements were without trawling back.

They said previously they had enough working capital to at least see them through to final granting of the mining licence. By which time hopefully the off take discussions should bear fruit in terms of supporting the fundraising required to construct the mine. I don't see how that would have changed as I imagine overheads are pretty low at the moments even with the EIA delay.

Indeed, I very much doubt anyone has any profits to take at this price. Less than 0.07 old money. Ridiculous.

Even though he said his average was 25p in February so y'know.....

Yeah, he knows that.

OMG Its BLUE! Calm down everyone.

Ive read through the admission docs again and then just reminded myself this is now only got an £18M Mcap. The opportunity here is almost obscene!