Member Info for Mozax

Powering ahead now.

I think you jinxed it!

Seems a few panicky sellers around today, buyers into close I suspect as we prepare for next week.

Greg was optimistic our JV partners would be aboard by Xmas, let’s see.

The Company is growing nicely, always hard to build user numbers at the start of something new, but this is attracting more users all the time.

I note the 200K users now 230K.

The US launch could really be a pivotal moment, assuming it goes ahead, there must be a lot of dotting & crossing going on atm.

It was 20p in January 2021, before the MOU.

I’ll be very interested to see where this goes over the next 12 months.

Understand the string.

We’re talking about CMet.

Yup, 200K buy at 4.68.

Clock is ticking.

An example of what can happen when the market doesn’t believe, and then the BOD delivers.

Greg Martyn said they don’t issue ‘fluffy’ RNS’s, they’ll issue information that is important & relevant.

I think the point is that the Company is seriously undervalued on the basis of the investment already made over the previous years, and the value of the minerals it has access to.

Come the JV announcement, which will include $10M in cash from our partner directly to CMet, plus our assets, then factor in a further injection of $71M on a 50/50 partnership with LB Group to fund the mine to production, and a current MCap of £12M looks a bit daft.

What I find particularly appealing is that the mine could be in production within 12 months from start, at which point CMet will be generating revenue.

It’s been pointed out that the $10M negates the need for a fundraise.

Furthermore, expiry on millions of warrants at 12 & 15p in mid-January 2024.

I note MM usual tricks to drop the ask rapidly on a few sells, remember, this stock is quite illiquid and movements in either direction can large.

December is going to be an interesting month here I suspect.

Mmmmmm, I’m tempted to buy another 500K, if the US launch goes ahead the user numbers could really start to motor.

These guys are as regulated as they could be, the CEO owns half the stock, talk about skin in the game.

I’m thinking I’ll add a chunk more and just bolt them down in the ISA, at these prices the potential could be outstanding.

Mm’s widened the spread to put off buyers, the 250K sell didn’t affect the general upward movement and volume is starting to increase again, so it’s all good.

4.3p to buy now, let’s see what this week brings.

Yes, some good coverage of what tap do.

This looks primed to move up, we’ve been consolidating for a while now.

BTC continues to gain, users continue to grow.

US launch must be fairly close.

It’s perfectly possible that the JV could be signed well in advance of Xmas.

LB Group have completed their DD, the only reason it was only an MOU that was agreed earlier this year is that the IML’s were not in place, otherwise a JV would already be agreed.

CMet are confident, given the presentation and updating to their website.

An announcement of the JV will catch many out imo, and the investment against the current MCap will cause quite a scramble.

Personally, I’m not concerned.

We’ve got a very valuable asset & easy to extract.

That, I believe, is what the market is missing.

I’m still building.

Profitable on 200K users?

I very much doubt it.

Tech Companies can have tremendous valuations based on future potential, whilst making huge losses.

I’m interested to see the user base grow, this is a metric that will drive the valuation.

Good spot. They were hoovered up pretty quickly.

I’ve downloaded the app and am pretty impressed, very simple to register, add currency, trade etc.

I’d be interested to see how quickly our numbers grow when the US launch completes, it’s certainly very straightforward to get aboard.

With Bitcoin continuing its push Northwards, momentum is building.

Ps. Probably the most prudent technique in investing is to take out your original stake if a stock gains 100%, effectively leaving one with a ‘free carry’ in that Company.

Good luck Adam in your new journey.

Just remember Mr Buffets ditty “ Investing in stocks is simple, but it isn’t easy”.

I know I’ve posted that here before so apologies for repetition.

Time & patience will see the biggest gains.

Assuming LB Group deliver what they’ve agreed in the MOU Will de-risk the project substantially.

Further value will occur towards completion of the mine & production taking place, at which point CMET will have revenue.

An increase in the resource via further depth analysis will bring Additional value and potentially other mineral deposits have been hinted at.

My view is that 12 months down the line it may be hard to believe one could have picked these up for 3.5p in November 2023.

Mind you, these days, most ‘investors’ struggle to hold for more that a few weeks/month, so haven’t witnessed the reality of a 20 bagger, or more.

It’s hard to do, as stocks are volatile, and watching it fall, and one’s nice paper profit disappear, is irksome.

I have stocks I’ll hold with different time -frames, and target prices, stick to your own plan and keep the emotion out of investing.

Also, make sure you invest in your ISA. It might surprise you what tax free gains can be made.

As for price, let’s chat again this time next year, I’ll still be here.