Member Info for Justone

What a great RNS, every project is firmly in play. Exciting times, the build up to the big RNS putting commercial values in what we possess.

It’s a sign for the patient! Hopefully we all look back, and say why didn’t we double up, when the fundamentals are so strong! The market sucks!

I would agree PaulFG, and so the opportunity presents itself. The stars are now aligning, which is my take away from the AGM.

We are all right to be cynical with what an MD says, however having seen the body language and confidence, I am a believer. I don’t think it is too far away. They found it hard to believe the share price after the mining licence, and expected a rerate. The market is however never wrong! I think this is a great opportunity. I would prefer to invest in this company, with limited down risk and huge upside than invest in the general market. Very happy with the risk reward ratio.

Off take agreements can come in many shapes and sizes. According to the words at the AGM and the podcasts, MF says the market for our products are strong, there is concern over long term supply, and the companies we are talking to have big balance sheets. Now for me it does not require a great deal of imagination to think that these off takers and there are multiple, may want a small stake in us? Especially if they are providing the cash for the machinery. If we are dangling discounts from the world prices for our products, I can understand the interest. I was just pleased to hear that the companies are big that we are talking to.

Mine are as well, these are all going in SIPPS, long term dividends for the family. If all things come together, with the added potential on grades, depth and of course we have only drilled 10%, with new licences we have not touched yet. I can see the off takers wanting to expand the volume, as the demand is there. So we could easily see dividends being thrown off well above the current share price. The margins with our percentage are fantastic, so even if the prices fall we will always make profit. Just need some patience, I just can’t resist at these levels.

Not long now Safe, nearly there.

Well that makes two of us, my purchase at 4.9 had to go through the broker, at that time no quote even for 2k’s worth.

The new presentation is clear about the economics, and the added potential that is not in the figures. I think MF is embarrassed about the timeline he originally gave, as is now being cautious. The off takers have been on site taken samples, and I think negotiations are well underway and could be near completion. They have been going on for months and months. The negotiations include funding and they have a number of interested parties. The deal will be done with one or two parties MF said, and will depend on what minerals each off taker is interested in. We just have to be patient and let the assets speak for themselves, we have a fantastic resource, the value of which is compelling IMHO. Sit back and enjoy, as I think it will be a lot less risky at this level, than government gilts or any share in the ftse 100.

Director buys at this level, they are permanently in a rolling 30 day exclusion period. They could not say anything about a raise, all precluded information. It will all depend on the off take agreements, if the off takers are hot to get our stuff, any deal might include some cash, so no raise is necessary. It would be easy to give an off taker an extra discount for an upfront payment. I would also think the off takers will have a charge over the machinery. The demand for our product is there, they know that working with us guarantee’s supply for their long term security of supply. This is a big concern to the industry world wide.

I asked what their policy is going to be once the money starts flowing. Returning to shareholders, unless they are given a compelling investment case for putting it back into the mineral sands sector. I felt they meant it as well, not just lip service.

They chose to go down this route for the capital structure, but I bet they never thought the share price would be at this level! There is going to plenty to go around, and I got the impression that they had morals, so feel it is a very low risk. They have a track record and don’t want to finish there careers by doing the dirty. Character is far more important than money.

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.

Just sent you a private message.