Email28 Feb 2024 20:31
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"
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