Member Info for jonny_five

Not to start drilling. We were told everything was ready to go. Supposedly.

The red ones are still buys. It's 1.95 to sell all morning even for small amounts

It does seem an odd appointment to make is we weren't looking at construction in the near term. Interesting. But I'll still be happier when the drilling is underway. I cant quite understand why it's not

Hmmm I would have thought drilling should have been well under way by now, assuming they would be announcing its commencement. I thought everything was ready to go before they postponed for the elections. Its been over 3 weeks since then.

Be also interesting from anyone who went to todays AGM

Sorry I misread the original question. Apologies

Ni. He's not even standing

But its top up time. A month delay isn't worth a 20% drop in an already battered SP

It wouldn't be the first time. That's why I asked if he'd spoken to the company. Clearly bs.

One would assume you have spoken to someone at CMET Ando?

Arent the options 150% of 3.22p so nearer 5p?

Oh and I forgot to say, NO DEBT

First off, he didn’t say that equity and a placing in 9/12 months is guaranteed. Its one option as part of the route of going it alone. He’s not going to say we desperately need a JV partner to progress the project as that will only encourage any interested suitors to want unfavourable terms to CMET if they believed we had no other options. They need to show that we can do it without if needed. A lot can happen in that time in terms of other interested parties and the important bit is that we continue to progress the project in the meantime and then see where we are, which is clearly what the plan is.

You can guarantee if he had talked about going it alone and not mentioned an equity raise then Legalwolf would have started banging on about how hes not being upfront and deceiving everyone. Theres only two reasons people hang around posting about a share they are no longer invested in. One is because they have lost significant amounts of money and bitterness takes hold and they want others to lose as much money as they have to make them feel better, or two they just want a cheaper entry to recoup their losses. Neither is a good look.

If you look at the share in the hear and now, and if we never had the JV proposal, is the stage we are at with the resource we have and the upcoming drilling campaign and 2.8mill in the bank reflective of a 5m MCap. No. Not by a long shot. It’s as simple as that.

Legalwolf, you're just spouting ludicrous conspiracy theories now. You've totally jumped the shark. Give it a rest and move away from the CMET board for your own sanity.

I don't think they had got to that point either. I think they were dragging their heals and CMET didn't want to wait any longer. Greg I'm sure mentioned they were slow in one of the interviews IIRC

Topped up. Daft Mcap. Some money to be made trading this for now

Why? What's to clarify that warrants suspension of trading?

Yeah Im tempted to top up a bit. Glutton for punishment perhaps....

Didn't they say they already had the rigs on site?

Legalwolf talks his book and did the same exact thing last time. Sold out and then hung around consistently talking it down. He got called out then too for it. Fair enough make your point, but theres only one reason to stick around after you sold and keep repeating it over and over again....