Member Info for Legalwolf

Https://x.com/KavangoRes/status/1806242037060030900

Surely, with DC having led this process, KAV is going to find copper in at least some of these 15 targets? I know that ARCM have already done so at the KCB, using what appear to be similar methods as KAV.

Looks like the placing has been more than soaked up above its 2p price. Primed for a decent move up.

For sure - but they have managed to persuade the NICE Committee to recommend it despite consultation challenges, and so its a case of whether the Committee has a change of view and doesn't make a final recommendation. Entirely possible and I guess this is another situation of do you wait for results?

The other delay here is going to be the DFS - Sheffield were going to fund it. Now what happens to it? Presumably if CMET decide to go it alone (how will they manage to do that is a moot question at this point) will they still need to do a DFS?

How much difference will drilling actually make? We already know that there is significant upside because the current resource only covers a small part of one licence area, and itself hasn't been drilled to any depth. Supposing CMET drills and gets great results again, then what. It's still back to the production and funding question?

As I understand it, it's an approved genetics test "CYP2C19 genotype testing to guide clopidogrel use after ischaemic stroke or transient ischaemic attack" that is seeking a NICE recommendation. NICE have issued a draft recommendation for the use of the test, which has to go to final consultation, and GDR are now expecting this to turn into an actual and final recommendation, which is expected on 31 July.

I put a buy order in at 19p late yesterday, which never got hit. HEX should now hold this level and make another push up.

Some massive trades going through at these levels. Whether 1.5p holds all depends on how many of these large sellers/sells are out there, and how long CMET now takes to deliver some decent news for once.

If it was requesting or requiring more information, then:

1) The delay would have been more than 3 weeks, as they need to allow enough time for a) GDR (or others) to provide that information, and b) NICE to then analyse it following receipt.

2) The RNS would have told us this?

Suspect its more likely just delay at the NICE end. I would imagine they often shift their publication dates?

Is it incompetence or strategy though? Sheffield getting CMET to do the drilling using its own cash, whilst crashing its share price in the process, and then once the full potential of the resource is known, coming in for the kill. In the meantime, keeping its share price supressed? All imo

Unfortunately, "great companies don't always make great investments" and "great investments don't always come from great companies". It doesn't matter how good a company is or looks on paper based on its fundamentals. If the market doesn't care or doesn't appreciate those fundamentals, meaning the share price isn't going to deliver you returns because of that, then should you not factor that into your thesis? There's also the opportunity cost of holding something that simply isn't delivering share price growth year after year, but only the occasional move, which is then sold back down, which is what has been happening with POW.

How long have most of us held POW and what share price growth have we seen in that time? Would we not have been better off investing that money elsewhere and then coming back here only if or when there are signs that the dummies on AIM are seeing the value that people like Tray are seeing, and reflecting that in the share price through their buying in response to that value? Isn't the whole point of investing to actually get some returns within a REASONABLE period of time. They do say that time is also money in the markets. Sadly, the months of no returns here have turned into years for LTH. And even for more recent entrants, that re-rate looks like it's also some way off right now. Spent a lot of money, time and hope on Molopo only to end up without a discovery, and needing a JV to continue the project. All imo and dyor

This touched 2p on anticipation of NICE news on 10 July. NICE have put the date back to 31st July and so the price has dropped in typical AIM fashion, because people can't handle waiting an extra 3 weeks, which by AIM standards is not even a delay as such. Or the MM have taken advantage.

Anyway, could be an easy trade back towards 2p. I've added on the drop, albeit a bit late and so didn't get the best price.

Just read the news - this is surely a buying opportunity. I mean what's an extra 20 days in the grand scheme of things? We've already seen this hit 2p on anticipation, and so why won't it do that again when the new date approaches. I've gratefully added at these bargain basement prices.

Trying to divert attention onto this latest project, because they have likely run out of room to ramp the imho fake green projects. All imo and dyor

The drop was inevitable and is predictable. It's a high volume rush for the exit. Sellers have to exit quick, because if they don't, then they just lose another 15% before they know it, as there's not much liquidity around, and other sellers will take it, because they are under the same pressure, so you get the inevitable feedback loop. That's the thing with CMET, a risky hold, because it moves big in either direction and you don't want to be on the wrong side of of one of its moves. Has to be a trading share at best (like most of them) and is not a serious long term investment unless you want your legs chopped off by its many false dawns and promises.

It now needs some positive news to stop a decline back down to 1p. If the management had some trust, things might be different, but don't think there are many fans of the new 'make it up as we go along BOD'. All imo

It's a very poor show from the BOD. If you accept their story (which I don't), they decided back in December to cease exclusivity with the LB Group and bring in their buddy Griffin. They intimated to the market that Sheffield were going to offer better terms - they weren't. Then they decided in April to go with Sheffield and look where things have ended up.

Can't help but feel that there's been more going on here than we know about.

Where are they going to get the £30 million from now to start the Stage 1 production? Even with the cash, it's then going to be about a year to 18 months before they start producing. And that clock isn't even going to start ticking until they get the £30 million. Suspect this will fall into the 1s as this reality dawns. All imo

Thanks Bebeto - understood.

I agree Doc - you often see this with placing stock. They know there is buying demand at these levels, and so easier to clear the stock. Better for us as well, as the more you clear at this level, the less selling you need to contend with when they do release the brakes - theoretically!

We will find out in the next few trading sessions whether this 19p level will hold. I'm 60/40 in favour of it holding though...

The current leadership does not inspire much confidence at all. Even allowing Sheffield to write the deal, still didn't get it over the line. How they must lament the decision to prefer Sheffield over LB Group. The worst thing about this is that CMET now has to pay these drilling and exploration costs, whereas previously they were going to come from Sheffield.

How far will this fall now?