Member Info for jonny_five

This is also a very good article which helps to remind you why this is such a good investment:

https://www.ft.lk/columns/Sri-Lanka-s-heavy-mineral-industry/4-718064

You would like to think if the meeting didn't go ahead in April then they would have updated the market accordingly. Any material delay in fact we should have been told about. On that basis Im assuming it did go ahead and everything is processing accordingly and its just a waiting game. The timeframes for approval after the TEC meeting doesn't appear to be known or in the public domain from what I can see.

The other question I ask myself is why did Parris chuck in nearly half a million quid at a premium SP when they already had 1.4M in cash from the fundraise that had just been completed shortly before? They didn't and don't currently need the cash. So was it it to get those warrants? Because if he can exercise them at 60p he will make a killing. I can't think of any other reason why he would have done so unless there is something new planned we don't yet know about.

This did raise a wry smile when I read it on their website as a big headline on the investor page:

"Sabien Technology Group plc is committed to value creation for all its stakeholders. The Board believes that value will be enhanced by regular and informed communication with shareholders: investor relations as common purpose. We encourage questions and commit to providing answers where we can in a timely fashion."

We have had no trading update or contract/corporate news in 3 months. Do they even answer emails? I still believe in the share based on the 1.8M cash in the bank, the 3M Cap and the substantial CEO investment at 31p and the attached warrant conditions meaning he needs the price at 60p plus this next year. He needs those warrants for any decent return on his investment. As someone has already said, there are shells with no cash valued higher. £1.8m cash and no debt, even if the ongoing business is worthless the MCap is worth more. But the last trading update showed a good for the 1st 2 months. Its got to bounce eventually and the lower it goes, the harder it will bounce IMO. Contract news and/or a good US update and then who knows. The risk/reward is defo keeping me here anyway,

Yeah was just about to post the same thing. It's on the other side of the country.

Hmm Im not sure how the article is even slightly relevant? That article is about operating and transporting without permission and permits. This was just about the president allowing some operators to circumvent the system? Nothing to do with CMET who are going through all the required licensing and permitting stages....

Theres also a worldwide, significant paint shortage currently. Due to raw materials in short supply. Good for CMET.
https://www.paint.org/coatingstech-magazine/articles/paint-and-coatings-raw-materials-in-2021-its-all-about-resilience/

I notice they are back tweeting again this morning after a month or so absence, hopefully that's a positive sign!

Someones keen with an 848k buy. Not delayed either.

13.000p to buy 13.002p to sell. Crazy, same as yesterday.

Are those buys at 13p then?

The general market is a s**t show right now so no point worrying about any individual share price movement at the moment.

Thats what I keep telling myself anyway to save jumping in front of a bus lol

This hit 60p in new money a couple of months ago with no contract news and before the US subsidiary was announced and the chairman put £450k in. So just shows what it can do.

So that means the 13.50 are all buys then and just one sell at 13.5031. How strange

I think you might be getting a bit ahead of yourself there.

Its from yesterday but there's a nice 200k buy after hours

I don't think the MMs have a clue what to do with this stock at the minute. Its jumped all over the place with wild swings and been NT loads of times. Up 20% one minute to 5% and back again half an hour later. Its also been NT for long periods even on low volume days recently. Seems they are trying hard to contain it whatever.

Nearly all buys today and some sizeable ones yet 5% down, very odd.

Theres been a lot of round 100k trades the past few days which have been around the mid price and not at either the bid or ask. There appears to be some reshuffling going on somewhere it seems.

Me neither. Nearly £1.8m in the bank. No worry about needing to raise capital so short term price doesn't concern me. Annoying as it is MCap getting silly now. Just need to wait it out.

And it was pre approved prior and subject to public and technical review, don't forget