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Cheers Paul,

So my view would be whilst the 4.7% (guessing it’s via Roman Resource pty Ltd?) increases their stake this is via a different entity so any JV discussions would only account for the 10% of SR direct holding .. think it’s great we are having these discussions with two strong potential partners

Exciting to see what will happen here though either way, waiting game but we all hope the confidence is there. Good luck all

Is there a link to the 14.77% SR share? I can only seem to see 10% (and on website)

Also how does info like that work when it’s on different exchange ASX vs AIM and wouldn’t presume they have purchased any stake etc?

I never count my chickens with any stock until deals are done etc BUT this one does have strong potential and possibility of opening a lot higher once deal is announced and as Ando has mentioned previously could continue to rise like EUA did a few years back.. 12 months construction is very short so to be in early with a company growing is the ideal scenario.

Sorry for clarity when I said business I meant the JV not full CMET. Very exciting though.. plus with offtake 100% guaranteed then can be confident in revenue forecast (which is massive in my view).

Why would there be a placing when it’s CMET who is selling stake and looking for something. LB are saying we will give you 80m in effect for 40% of the business.. which is all the capex required by reading of it. So that’s the transaction perimeters.

Where do people see the Sp starting once announced? Feel like it’s one of those you have (or had?!) to be in it pre news

Xel, Here’s hoping!

On what waiting for I would guess it’s contract drafting, final legal reviews and process without knowing what stage ie is it heads of terms agreed.

Again all my thinking so those with more knowledge and history in Cmet please correct me.

I started to read it that way (and it might still be) but what stood out for me was the announcement was from 16th April this year .. 2023 mou doesn’t strike me as recent (my take) and also the 40% share to pay for capex which I don’t think ever seen mentioned before - plus this would line up with the 10% that SR currently own of CMET..

Xel, if you look further down the asx announcement from the company on this raise includes a small paragraph about CMET.. this DSj posted latest link..

My own view if this is the actual deal is for CMET they have stuck to the proposed 50% figure (during jv/acquisitions these % are often up for negotiation) which would give strong position for future phases, plus think it’s shrewd from SR.. for them to raise 80million vs their market cap would be fairly challenging given I’d assume it would be project financed.. not to say undoable.. but with LB paying all capex they efficient get a free carry in world class project for purely investing into CMET.. just my take

Plus I’d suspect whilst Sheffield may not be entirely happy, I’d expect LB will have stronger financing options given size etc and Sheffield may be happy to be involved to some degree.. just musing now but seems like could be about to get interesting.

Potentially have been over egged, feel they will talk to each other though being in close proximity which could give some substance to it.. Titanium only announced few days ago too.. plus maybe like ando suggested, LB have maybe agreed terms and are stating it’s time sensitive..

Now just having conversation with myself (apologies but more things popping into my head!) which then lines up with the 10% sheffield already own so looking like will have both parties involved with a

10% Sheffield

40% LB

50% CMET

Lomon billions ofcourse*

And apologies now clogging this board! But (and apologies if this is already well known so please correct me) but titanium sands limited on ASX recently announced a placement to fund their project in sri lanka.. in their announcement it states “capital metals (another HMS project in Sri Lanka) recently agreed terms with alimony Billions in China to guarantee 100% offtake and fund 100% of capex of 80m usd for a 40% stake in capital metals.. deal done then?

The timing side that makes this more interesting is that CMET seems to announce news at all hours so even if no 7am RNS like others can come anytime.

Agree kwota looks as though the 50k worth of shares has been added giving him the circa 133m shares (guessing he paid the 50k to johnson then?)

Only can see from accounts so not sure how accurate shareholder info is but does seem quite a significant change and new number of nominees.. forum their previously and should have around 12% now with dilution but seems to have been a lot of movement in large % holders?

Been building a small stake here over past month or so as agree it is an excellent proposition.. feel the JV piece is further forward than most (no nothing ever set in stone these days!) but also very insightful posters too Ando etc which help with wider picture. If (as hoped) there is news tomorrow then will surely get a lot of attention here which might also lose that good conversation! Good luck all and thanks for insight from posters.

Can’t get my head around it on the RNS.. presumably forum haven’t sold then (but % has been reduced due to new shares?)

On Peter wylde wonder if it’s any link to DALLASWYLDE PROPERTY INVESTORS LTD.. seems like would match up in property aims?

Was just about to ask about forum there.. when purchased was circa 18% before so like you say have they sold out or under separate company.. if sold out surely RNS would have to come..