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Donkey - I'm hoping that OF will apply the warrant exercise monies to Garfield. And he has said they are proceeding with Garfield so I don't now think it's holding it up that much.
If we can double PM that adds so much more value to the company and they could perhaps look for a strategic partner on improved terms.
I would love it to happen within that timeframe, but going on history here I just don't believe it will.
BUT I remain prepared to be very happily surprised.
Sorry LW, Grants are in application, they really cannot say anymore than that - hired an expert (who also holds about 5.6% in the company, she recently upped her stake through the warrant exercise process). Grants will land when they land, The thing is OF has the funds to proceed with PM without having to wait for them to land, so it's not holding up progress here.
and...we're not even talking about the other prospects on the licenses...
Bloody great story here! But I think the Gold story will distract from this being noticed for a while longer, though smart money already moving in as we've seen from the private placings.
Also wondering about how happy the USA will be if there's a Chinese offtake, what with the DFC grant 'n all. So I'm wondering how long they will permit those discussion go forward before stepping in with something like we saw with Perpetua recently.
H2 2024 could be very interesting here.
Read throught my posts LW, I've been making that point for yonks.
But we are talking Nevada, US soil here, might make a small difference.
Like BRES GMET has been able to private raise at a premium. I'm in both these stocks,just following the smart money.
As highlighted on X, about 15mins in, this US guy just loves and is buying GMET
https://youtu.be/qobUwba0uIQ?si=I-KRo9rPo_ITIeyx
To expect this, with the current measured resource, to go from a market cap pf £15m to £68m in 10 days is ...well.. fantastical
The whole situation is just an utter ruddy disgrace !!!
There have to be consequences for the Board.
In noted a Tycoon in Vietnam was sentenced to death for fraud the other day.
Not saying the FCA should adopt such an extreme policy but they have to get their act together to better regulate AIM or you might as well shut it down.
All this is academic - it all hinges on what the original aussie investors would settle for - all in share offer as part of Sheffield still gives them all the potential upside here plus part of an aussie group already listed in Australia where I'd guess they'd prefer to be.
I'm not saying it is going to happen, but given the cheap buy-in the CMET board have facilitated for Sheffield it would not surprise me to wake up to that red dot one morning. If Sheffield win the JV the probability is even higher.
BRES received $5m in $1m tranches - still receiving it made no difference to share price.
$1.8bn to Perpetua is by way of repayable financing!
It's all castles in the air - for me, get the rest of the warrant money in - can't be long now, get your permits finalised, can't be long now either but they are taking longer these days and get drilling to prove up the tenements - OF is getting on with it. That activity with release value.
I've no interest in Lithium, I think OF is also thinking about not looking further at it, at least for the time being. The world has more than enough discovered Lithium, does not excite me and cannot understand why people go on and on about it.
The only thing that could stop a takeover I think would be the fear that the SL authorities would then use this as another delaying tactic - I think I remember them doing exactly that with another company where they argued there had been a change of legal ownership which they hadn't approved - or something like that.
I hope I'm wrong but unfortunately I see this getting taken out for a small premium (full price probably under 10p) on an all-share offer most likely by Sheffield given what's happened recently.
Someone seems determined to keep the share price down, for whatever reason.
Https://www.bbc.com/news/uk-england-oxfordshire-68723533.amp