focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I am reminded PaulFG when I was enquiring what would happen if a low ball bid came in, at say 20p. They asked me to explain my plucked out of the air figure, being 4 times the current price, with take over premiums normally not being that high. It would have to be put to shareholders was the reply, but I could tell that in there reply and tone my 20p stab was derisive! We are safe with the 76% being held away in safe hands anyway, I was just probing. With demand for mineral sands being so strong and with our percentages, they are sure to be noticed.
Me also PaulFG, last purchases yesterday after the AGM. I had to split the order up starting with 5k and had to go lower, so with 24% available it will not take much to reignite the share price. I asked MF how solid the 76% were, and was pleased with the response! Nobody had sold any on the way down! You are right bottom draw, but be prepared for a surprise, they oozed confidence. Good luck, this smells of being a winner and the directors have a track record of success.
What is not to like?
https://capitalmetals.com/wp-content/uploads/2022/09/Capital-Metals-Corporate-Presentation-2022.pdf
I forgot to mention that the port was discussed at length, this is seen as an opportunity. The fact that these mineral sands also extend out in the ocean was seen as another opportunity. We also have a lot more than a 3 meter depth!! Together with the new licences, this project is going to go on for years and years. With such high grades this is going to be a cash cow to pass onto the next generation. I would recommend investors look at the new company presentation on the web site, and indulge in a little bit of scaling up. This project with the current projected figures does not meet the demands from the off takers! There is the demand, and the off takers have the balance sheets to fund it, so enjoy the ride. I am excited to be a shareholder, even though I am heavily underwater like all the shareholders. The directors are acutely aware of the low share price and the complete disconnect with what they see from the market place and the reality of our assets. However as I said at the meeting, the current share price is reality! As a bottom feeder, this is attractive.
To be fair to them, they have had the COVID delays and the financial crises within the country to deal with. The consequences of which we currently see in the share price. I see this as an opportunity perverse as it is. The assets haven’t changed, the licences have been issued, and the assets have increased in value. The assets being priced in dollars is the icing on the cake. I asked some very direct questions at the meeting, probing for things that would give me, with a large portion of our family wealth in an aim stock minnow! As we have seen with the decline in the share price, high risk, but I believe the rerate will come. It is a dreadful market for all small commodity stocks that are not producing. The cycle will change. We should get very high reward for the risk. My questions covered topics like, lack of director buys, danger of being swallowed up, country risk, further dilution, appetite from the off takers, type of deal. I came away very happy with the commitment from the directors that we are all on the same side and aligned with shareholders, and I found them to be genuinely nice people that I would entrust our family wealth. Time will tell, but patience is required.
Yes put another 15k in, it might go down, but my gut feel is no raise. They are all heavily invested, and the off takers are big enough to do all the lifting! At today’s price we would be diluted to kingdom come, if we were raising cash for machinery. Gut feel is good, great opportunity to look into the eyes and ask direct questions. Pays your money take the chance.
I pushed on the when. They were obviously evasive, but confirmed that it will be announced when signed. They are not going to titillate the market, by giving a running commentary. Plenty of conversations on the depressing share price! Down to depressing terrible market.
Relax PaulFG. I am buying. Not specifically mentioned, but the the financing is part of the off take agreements. There is competition, and we have a must have product. All very positive. Risk reward feels great. Terrible market, but this is where you make real money.
A very good update, when not if! On the way to the AGM, will try to get a feel for it. I aim to buy more depending on what I find. Only 24% free stock available, so any buying or selling will see big movements in theory.
The placing raised 1.25m at 7.5p and they said it would last 12 months, hopefully until offtake agreements. Since then we have the mining licence and everything looks very positive, yet slow. I had my last purchase today, given the drop on very little volume. I am off to AGM and will find out if I am right with my optimism.
Negotiations are on going, and our assets are in Dollars. The wait will be well worth it IMHO. Never is a long time Sheldrake.
Silver is for insurance, when the system breaks down or the government doesn’t like your politics. Governments have the capacity to block you doing anything financially, we had a glimpse of what governments can do in Canada with the truckers. You can sell on Amazon which cuts out the bullion dealer margin, if you want to sell.
Just looked on line at price of 1ounce Britannia’s, if you can get them! Most websites are sold out, awaiting stock. The royal mint, where I store some coins, only have fancy ones for sale, and the standard kilo bars are awaiting stock. Looks as though the long awaited run on physical might be starting? The conditions are certainly right. HOC in the meantime is unloved!
A great presentation. Very confident Mark, we have 10 million ounces above what we have proven, only drilled 10% of the land, and obviously a gold district with great upside potential. All this for £43 million current valuation! Come and get us! Loved it that he dropped in we have had a group round of geologist’s who recognised the growth, hopefully conducting due diligence. This should now be the start of the rerate. It is a shame that all miners are currently unloved by investors. So it will be a low bid, but hopefully attract a feeding frenzy for our assets.