Member Info for PaulFG

@JF - yes but I'm guessing people familiar with SL are probably used to it. But I agree yet more delays is not helping at all and with the removal of GSMB leaders it's another blow.

I seem to remember there was another Aussie mineral sands miner that had similar problems with GSMB - it was all sorted out, eventually.

https://www.lankabusinessonline.com/opinion-billion-dollar-missed-opportunities-sri-lankas-minerals-sector/?amp=1

I mean I think that's it @ziq. Does that comment encourage you to sell, continue to hold or buy.

I can't say it would encourage buying - UNLESS you believe that what JT is saying is that we are building a company for the long term establishing assets that are going to enable BOD to build a cashflow foundation upon which we can explore more 'risky', but potentially more valuable. prospects. (without share dilutions)

Sell: well perhaps if you were convinced TR was going to be a blockbuster 3 days payback period - which in fairness JC has already said he doesn't think it is. (yes I heard that in an interview)

For me, I'm happy to continue to hold and watch developments.

@Trek definitely in favour of this type of structure as long as the enduser hedges their exposure to the call option.

WRT GCAT the 15% I'm hoping it's not structured on this percentage basis but value 300ounces at $1800 is very different to 300ounces at $2000. I can't imagine OCIM structuring any deal without ensuring a minimum $$$ return.

In fairness we don't how much progress has been made/not. Probably more than we are aware.

But if the above scenario plays out then this will most likely cease all progress. Unless CGNR can restructure the agreement so that in effect they lead exploration operations and report back to Demir. You just have to look at the impact on companies tied to Russian entities after the invasion of Ukraine to extrapolate of possible disaster scenario here - way beyond the price action we've seen in the last few months here.

So here's another thing. It doesn't get a lot of press coverage, at least here in the UK, but there is an increasing likelihood of a Greco-Turk war in the next few years.
Over? Oil.
The rhetoric between the two countries has noticeably been ramped up over the last year. Greece is militarising at an increasing rate with the commissioning of a number of frigates and Turkey has been flying into Greek airspace.

So if that happens...no impact to NATO as both Nato members, BUT an EU country being attacked is likely to lead to sanctions on Turkey and Turkish company investments - where will that leave Demir and CGNR?

It's a big picture question.

Very difficult to believe this is almost back to the levels where I bought in, many years ago, around 9p.

lol - yes, it's the standout line in the update.

I'm impressed by the fact that Teeling has used it. As I said previously he was my standout lecturer in my undergraduate, oh so many years ago. I don't even remember was his subject matter was but I do remember his enthusiasm was infectious and his passion made a lasting impression on me to this day (again, oh so many years later).

For me this line is almost uncharacteristic - it could also mean a myriad of things. Hopefully, there will be some Stockbox type interview with JC so he can clarify.

@preedator7 - 'imminent' - totally agree, I've seen many miners use the term and it usually correlates to anytime in the next 6 months.

I guess time is different when you talk to geologists everyday who talk in terms of millennia

lol , right let's stop the extreme thinking and stick to 10% growth pm for the next year or two, haha

I have to say I'm not overly impressed by mgt saying they can only do one thing at time - that reason for the Q3 being overdue is frankly not valid.
Doubtless many will disagree.

@1.butchers - agree I have been waiting to see the result of the Ilmenite drilling - waiting so long I'd forgotten about it. I really don't understand why this is taking so long, suspiciously delayed.
No doubt excellent Graphite resource but there are many such discoveries around the world to choose from, the addition of other resources (e.g., mineral sands) is what will help set GROC apart.
No totally convinced about management here, but I'm open to be converted, but why the delay....
That said something going on somewhere hence the sudden price movements, but I can't figure out what...

So I remain on the sidelines but at least it's caught my attention again.

I think it boils down to GCAT's ability to deliver production, they have to prove they can do it otherwise none of the other stuff matters as much.

Well SHG had a couple of approaches recently, both kicked out, Centamin is also rumoured to be looking for more assets. So who knows... Shouldn't be a reason to invest though.

Well Guys, here we are into December and I have to say I'm disappointed by the lack of news since the IMLs were granted.

Posting individual pages from a corporate presentation at sporadic intervals on social media does not constitute news.

Black mark to CMET EXCO.

yes noise can be irritating, but it's easy to tune out.

@legal I still don't see a rush here but yes I'd support an accumulation program starting now. SO I was buying something else this morning and had some funds left over so I picked up a small tranche at 0.75p, to remind me to keep an eye on developments.
I guess I am now in 'accumulation mode'.

Do you guys know what the hedging policy is? Or is there one?

@legal - serious sticky money is always patient to wait for confirmation, it's that necessary tick in the box.

All that said I am liking the way things are going and the consolidation in the SP is good to see too after the churn, which I think is coming to an end. Therefore, any further good news I would expect to see it supporting SP increases. Would like to see the settlement price tonight, but the technicals are starting to look good (in addition to fundamentals).