Member Info for Mozax

Worth listening to the Interview with Greg Martyr.

He thought the shares were undervalued at 20p.

Very encouraging relationship with LB Group, he re-inforces this.

Build & hold.

Oddly enough this is quite an illiquid stock which is seen by rapid movement both up & down, stocks like this attract traders as obviously they can make money easily in a short time scale.

The fundamentals however are getting much stronger, the stock has fallen to extremely low levels against the NPV, of course, without the licenses, the market had almost written the Company off.

Now though, a strong recovery is possible, starting with the re-issuing of the licenses, the MOU was extended and in fact, put in place without the licenses, such was the belief by the Company that they would overturn the cancellation.

With a JV partner sitting in the wings, the formalisation of which will underpin the entire project.

SL stand to earn $100M in hard currency out of the project plus hundreds of jobs.

So, yes, this will get traded, it will bounce about, but the trend should continue up with each positive announcement towards mine completion.

12 months isn’t long, and there is potentially huge upside when the resource is expanded.

Yes, the book has shifted quickly after the 224k buy at 2.885p, mm’s will take them off you for 2.8p now……just rooting around for some more loot atm to grab a few more under 3p if I can…….be helpful if the US market was open!!

Sebo, the GSMB have ‘been ordered’ to re-issue the licenses to by the Secretary to the Ministry of Environment.

I’m continuing to build a significant holding as I foresee a potentially huge upside to this Company.

Added another 125K at 2.74p.

Pulling it down again, another 8.1% down on 77k traded…….this will help me get my average a bit lower!!

Another 75k at 2.97, seems to be a flurry of buying around that figure, seems a good price.

Look how quickly it was raised to 3.2p, on £4K’s worth.

Falls quickly, rises quickly too, just need to be prepared for that and hold for a specific target and a realistic time frame.

I agree, and also note that it’s been pulled down 14.5% on 1.2M traded, which is very low volume.

I’ve more to buy so will continue adding.

Btw, those are buys at 3.44p.

Looking at their ‘Countdown to production’ presentation on their website the Port lease grant should come next, and as the MOU is agreed the JV should be very shortly after.

There has been a delay of 12 months due to the IML debacle so I would think both parties will be working at double speed to get the project moving again.

I note with interest that less than 10% of the project has been drilled, so massive upside potential from current assessment.

At 5p a share this represents a 90% discount to project NPV.

I feel that the overturning of the IML licenses and having the President now ‘Casting his eye’ over the development of the project, the upbeat language regarding CMet’s relationship with the BOI it is certainly probable ‘that we are in a better position’ than even before the licenses were originally issued.

“High Margin, Short Payback” with further enhanced economics.

In my opinion possibly one of the best potential returns out there over the next 12 months.

( Looks like my Mara trade going nicely which will provide further large funds here)

Yes I’ll hold these for 12 months at least, I can sense a lot of upside, and once an upward trajectory gets going, this will do very well, some risks of course, but that’s the game.

Let’s get the JV signed, get the Port license, build the mine and make the first shipment, then we can look at future dividends.

If they can do this before the end of 2024 it’s a very easy hold, there will be plenty of newsflow too, which the Microcap market loves.

5p is fine, there was an interesting article in “This is Money” issued on 9th June 2022 when the Share Price was 6p, suggesting with an NPV per share of 70p it did point to some sort of mismatch.

Remember, that since then, on May 9th 2023 CMet announced its offtake MOU with LB Group, details in the RNS of that date. They subsequently extended this in August and are now negotiating the JV which I suspect, will be announced as soon as is practicable.

I added another 150k this afternoon at 3.485, which is around my average but less than I paid for a fair whack before the IML positive outcome.

I’ll continue to add, I’m impressed with Greg Martyr, the steely determination to overturn the IML debacle shows great perseverance, a quality I admire, and will not go unnoticed by many.

I think this project and the fact they’ll be throwing off free cash flow from the first shipment is very exciting, and if they can be doing this within 12 months that is absolutely amazing, as it will be for shareholders.

It will be interesting to see how often the market is updated with progress here, and the momentum this will build.

Rather looking forward to the next weeks & months, very interesting turnaround story.

Vamps, no one knows what I’ve sold, or what I hold, but it doesn’t change the fact that there’s a funny smell to this.

I’ll be posting here for some time, probably negatively until I’m persuaded otherwise.

Two weeks ago we hadn’t had those 2 pretty pathetic PRN’s, that were woolly at best, followed by a fundraise that totally destroyed the share price, and ignored existing investors.

I did point out to Hoops that I was awaiting significant funds & had the intention of furthering my investment here but after the updates I wasn’t encouraged to do so, which has proved sensible, given the placement.

I’m pretty irritated actually, and am finding it difficult to be positive under the circumstances.

i think you’re all deluding yourselves.

hoops has been here 11 years, fiddled with the green diamond fresh from the tundra and no doubt is on first name terms with the bod, he’s so involved that’s he’s invested in nearly 9 million shares, don’t you think the decent thing to do would at least offer existing shareholders the opportunity to buy in at 2.5p aswell?

korade is another big holder too, they own 15% of the company such is their belief.

no, conroy has manoeuvred for himself and his family only.

£100k invested, my ****, they’ll pay themselves back in wages out of the raise.

£1.00 a share, you are really having a laugh, after 5 months tooling around in finland they’ve sent a few bags of gravel to canada 🇨🇦 and after a similar length of time they are starting to look a bit more closely in the 750sqkm licence area.

this is years away from producing anything, but the bod certainly know how to string the optimistic along.

The problem is, £250k is chicken feed.

It’s enough to pay the Directors but it’s not enough to do anything significant .

That’s probably why, after 5 months, they’ve sent a couple of bags of gravel to Canada 🇨🇦 for “analysis”.

Whoppee doo.

There isn’t a Major behind the Company, that is material news and would require an announcement to the market.

‘Contribution’ can also be taken as contributing towards funds already paid by the Company, not that another Company is also providing funds.

The problem here is the danger of ‘ confirmation Bias’ reading news to suit one’s own agenda.

It’s dangerous.

Yes, I think there may well be a future here, but that’s what it is, some way in the future.

Pretty cheesed off tbh.

The funny thing is, people won’t buy unless they think others are buying, they sit there and think, “it’s not going up, so I’m not going to buy”

And then……

“Oh look, it’s going up, crap its NT, I can’t buy, quick, I need to buy”!

How about just accumulating over a period and averaging a reasonable price that you are happy with?

Ok, there will be a placing at some point, we are a plc after all, but the funds will be used to accelerate the growth of the business and we’ll all benefit from that.

I’ve done pretty well over the years here, accumulate an amount that you are comfortable with, and be prepared to hold them for more than 5 minutes.

I’ve got an oil play plus a BTC Miner (Mara) both of which are likely to offer good returns in the short term, however, if this falls further I’m likely to add another million here.

Loving the shenanigans……..great opportunity

Another 125K.

Will keep building here, anything under 4p is delicious imo.