Member Info for LedZep

4.30p was close enough for me today.

Thanks for the reminder about Kodal, it's triggered a few thoughts. The JV model adopted by Kodal and also Arc Minerals would be the option to take by Cmet and LB, imo.

A joint Venture vehicle is set up in shared ownership by the two parties, with whatever % share is appropriate. The rights to permits, licences etc. are transferred to this JV vehicle and agreed funding also transferred, staged or otherwise.

This preserves the share capital in the parent companies and avoids dilution of shareholders. This, or a version of this, would appear to be the sensible way forward imo, and I would imagine something like this would be up for discussion.

PaulFG

Completely agree. That's why I was pleased to see reference to step out drilling, further depth drilling and exploration drilling in the last RNS.

We need to build up the MRE which should increase the asset value and reduce the amount of dilution required when LB start injecting capital.

Not sure how the 30% takeover rule would apply in this situation though.

Approx 730k shares sold yesterday pm. Need to shift most of those until we see an uptick in sp.

Or could be a trading glitch on Aim.

That's been dropped to let a big buyer in, will probably be reported later at 5.1/5.2 ish.

NT to buy any quantity at the moment, so could be a nice push up this week if people sit on their hands, rather than small % trading.

There we go. Late reported sell from Friday at 15.26 for 2.17m shares. Get those cleared and we may see more upward SP movement.

Hi Adam

Welcome to the mysterious world of investing/ trading , where with a lot of patience and analysis you will start to understand the dark arts that are practised. It really is a case of ' watch and learn'.

As a starter, don't trust anything without your own research and analysis, and that includes what you read on here.

As an obvious example trades are not always shown in the correct colour, red/ blue/ black and this distorts the totals shown on here. Should be red = sell, blue = buy, black = unknown as it went through at the mid price between the bid and ask.

The strange price activity yesterday, when the MMs dropped the bid price through 3.7 and then 3.6, down to 3.5 on 2 tiny sells, could be a share hunt, by the MMs, trying to trigger stop losses, or there may be have been a large sell yet to be reported, maybe Monday. As the late flurry of buys at 3.6 ( some of them mine), we're met no problem, it does appear the MMs got there hands on enough shares to sell the quantity they did at 3.6, or the bid would have bounced straight back up.

Don't mean to preach but thought the above may help, and it's just my opinion anyway, not gospel by any means.

All the best with your investing/ trading endeavours, I think with CMet you are onto a company with plenty of potential.

It's either that or a sizeable sell to be reported later.

Sold up this morning, after being invested in Sav since 2014. After clearing the major hurdle of the EIA, just feel there is a strong headwind here for the foreseeable, with possibly still a lot of muck to be slung around. The potential positives, drilling results, resource upgrade are a few months off yet, and the biggie of a potential partner/ offtake agreement/ funding, I think are under a cloud until all the murk disappears and the associated issues around SAV are clarified.

Two steps up then one step down, that's ok.

More sticky hands than traders buying in, long may it continue.

Yep sebo, the initial investment of 2m plus 8m, is substantial and should do wonders for the sp. Would like to see a comprehensive in depth/ extended drilling programme to prove up further resource and grades, in parallel to mine/ port development.

Pretty new to Cmet as an investment, but the potential here appears to be off the scale.

As I understand it, the Jorc report that is the basis of LBs investment and is the financial basis for the construction of the mine, is based on approx 10% of the EMP area, which was 84 km2, recently extended to 108 km2.

The data for the Jorc came from auger drilling, limited to 3m depth but subsequent sonic drilling has shown mineralisation down to 14m.

So, the 17mt of THM has been derived from 10% of the area and possibly only 25% of the depth, suggesting only 2.5 % of the total possible volume. So a theoretical 40 X factoring of the identified resource, emphasis on theoretical.

It appears that LB are looking a lot further ahead than just the existing Jorc resource, with their $80m investment for just a 50% share of $262m free cash flow over 10 years. It does appear they have the larger game in mind.

In addition to this mega potential, Cmet have exploration licence applications made for a further 600km2 area, both on and offshore.

This is without labouring the point of excellent overall THM resource grades and the contribution from the higher value minerals.

Looking forward to how this develops. If any of the above is absolute codswallop, feel free to amend as necessary.

The 1 million trade at 11.08 looks more like a sell from Thursday to me as the bid dropped immediately afterwards, but that's history anyway.

Once the 5 bob traders have been shook off, there is a lot to play for here. Small mcap with a sizeable JV partner in the wings waiting to sign on the dotted line, when conditions are right. Can't really see the sp lurking in the 2s and 3s for too long. Just unfortunate that we have global issues at play re: the general market.

A lot more positive on the buying front after the recent slide into the two's. Do wish the MMs on the bid would keep pace with the trading , with 2.97 to buy and 2.91 to sell going into the close. Makes you think they have an agenda to do otherwise 🤔

Just a correction of the 10 m buy, I think. Digit transposition or fat finger syndrome.

Was puzzled yesterday by that 10 m buy trade, but on balance I think it was a 12 m sell with an arranged buyer for the 10 m, making a net 2 m sell, which caused the drop yesterday.

Ezhik: Yeh, seen a few of their videos and they are a pretty good tribute band.

Marquis: Thats me, a spades a spade and not an earth turning implement.

Regarding PHE - not invested at the moment and TBH not likely to be in the forthcoming, because PHE appear to be in reset mode and have gone back 3-4 years.

The CEOs seem to just come and go and that gives the impression there is nothing at PHE, in terms of strategy, objectives, deliverables that makes them want to stay, just a salary.

Planning permission at Protos got the okay, over 3 years ago, and basically nothing done on Plot 10B itself, with nothing causing Peel and potential partners to commit financially.

The development strategy of the company appears to flip flop in line with the lack of progress, i.e. originally the plan for Protos was to get the plant to syn gas production and electricity generation, being fed into the local grid, with Hydrogen generation being bolted on after the plant had been proven at commercial scale. Now the story is that the hydrogen market is not developed enough yet for the technology, so no point ploughing ahead.

The DMG demo was moved from Australia to Thornton for the purpose of feedstock testing and proof of concept and now the process is being repeated at Bridgend with a new FTP. Wouldn't surprise me if the only thing up and running at Bridgend early next year, will be the old demo unit.

HUI, IMO is also clouding the issue with various partnerships and agreements with little real progress, with no clarity regarding the overlap with PHE.

To cap it all, there is the White family in the background, pulling various strings. So all in all , to me, a bit of a dogs breakfast, to say the least.

Obviously all IMO.