Member Info for Mozax

Agreed.

Currently ‘the market’ isn’t putting any value on the current assets CMET has, or the fact the licences have been re-instated.

CMET have spent many millions over the years finding and securing these assets, as well as building relationships within the community over this time.

I was interested in the fact that LB Group visited SL, viewed the deposits and subsequently undertook due diligence before signing an MOU with CMET to offtake all of production, once the mine is complete.

As the clock ticks away is the market going to get wind of the JV being signed, and we’ll see upward movement in the SP or is it going to take the RNS announcement completion of the deal before a frantic rush for stock?

But the fact remains, if LB Group are plopping in £81M on a 50/50 JV basis, our MCap isn’t going to stay at £10M.

No late trade sell showing.

Getting Interesting imo.

Perhaps.

I would say the MM’s are desperate for stock, they’ve dropped it 6.4% on a 30K sell at 3.8p.

If it moves that much on eleven hundred quid I’d be interested to see what happens when the buying starts!!

Good weekend all.

So you’ve added a further 1.1M since the 16th October?

Probably means you’ve plopped around £70K in here, which is reasonable.

If you hold 12 months, which are my thoughts, may well make you smile.

The re-issue of the licenses was a statutory order, there’s no grey area here, and I don’t understand why the Company would need to tell the market again that the licenses have been re-issued, they’ve already stated to the market weeks ago that the Department have been told to re-issue them.

Secondly, we had an investor presentation several weeks ago and we’ve been told LB Group & CMet are in dialogue, and ‘hopefully’ the JV will be signed ‘before Xmas’ these are GM’s words, not mine.

So, okay, if you wish to presume it won’t be until early 2024, that’s up to you, I’d prefer to take a position now in case they do what they are intending.

Take a good position now and in the unlikely event of a dip then average down.

I’ll take even more if there is a dip, although I’m not convinced there will be one, but it’s the market, so never say never.

I disagree. I think LB Group, to remind some ( LB Group is the world's No.1 manufacturer of high-performance titanium dioxide (TiO₂) pigments in terms of TiO₂ pigment production capacity.) will want to secure & isolate this supply for themselves asap.

They visited SL, went through DD & signed the MOU when CMET had had the licenses pulled.

Undoubtedly there’s going to be a fair whack of legal work to execute before handing over $10M to CMet and plopping in circa $80M.

I don’t see this drifting, any weakness is being bought into, as evidenced on Friday.

Anyway, we’ll find out soon enough.

X2 250,000 around the 4p mark & another 200,000 printed at 3.9p after close, good appetite for these and we’re currently in our ‘quiet’ period prior to news.

Next few weeks will be interesting, ideally I’d like to see us sitting steadily around the 7/8p mark before the JV announcement.

Let’s see where we are at the end of November, I definitely sense that stock is getting tighter & tighter, if you sell some then you’ll be paying more to get them back.

Good luck all.

last few days has seen quite a bit more interest in the stock, it appears as if this could move quickly, freefloat probably limited, ****n holds heaps.

options at 6,8 &10p.

oversold and i foresee a big recovery from these levels, especially with expansion into the us now expected this quarter.

I suspect this will re-rate at some point, Market is missing growth in revenue & subscribers, and TAP have done that in a bear market.

Perhaps it will come when they announce the US launch.

Volume building again from the start, yesterday over 3 Million, let’s see what today brings.

Will Mr 50K continue?

Mr 50K nibbling away, gently trying to accumulate.

This is quietly under the radar but gathering interest it seems.

I topped up at 1.238p & 1.24p.

Feels like bargain territory to me.

Will continue adding at these levels.

Well, my view is that this is certainly one of the most interesting plays out there. I’ve already taken a big position, trying to accumulate what I’m holding now would move the SP up pretty quickly.

I took a reasonable position in another Company a few years ago that paid off a six figure mortgage, in my ISA so all gains were tax free. It’s liberating and I could only have done it through investing, by following my gut and being patient.

Greg is ‘optimistic’ that they’ll sign the JV ‘this side of Xmas’ so I think we’ll bounce around a little for November but things will heat up at the start of December, but either way, we may only have 6/7 weeks to go so not long to build a good position.

An $81M injection on a 50/50 JV basis puts a significant valuation on a Company with a current MCap of $10M.

But whatever happens in the short term I’m not overly concerned about, we’ve got some of the best grades globally and I believe this is a Company worth holding in the PF for a reasonable term, and allowing true value to develop along with the expanding resource.

Buy, and sit tight.

Just be patient.

She it appears the 1Million buy ( at 11.08 but printed after hours) got the SP surging, I wonder if we’ll see a TR1 this week?

It would be good to see this settle down around the 8p area before the JV is signed and CMet collect their $10M.

I’m very much of the opinion that this stock will provide a great return over the short, medium & long term.

Almost 9 Million and plenty of big delayed buys appearing, wouldn’t surprise me to see our Institutional Investors increasing their holdings at these silly prices.

It’s a Combo of a $10M milestone payment plus the fact it negates the need to raise any funds.

With a ‘base’ NPV of $155M and upside $235M ( & still 11% below current spot prices) it puts the SP between 44 &73p.

So whilst it’s encouraging to see some buying interest 4p isn’t very exciting for us LTH’s.

Wide Spread to put off buyers, but no sellers!!

Sensible manoeuvre, it’s a question of quantum at these prices.

I hold alot here and am very happy to sit and wait for a good while.

Great presentation yesterday with GM, particularly pleased to hear the mention of the huge cash injection to CMet on the JV signing and the fact a raise is unlikely.