Member Info for PaulFG

in fairness Eldur indicated towards end of March, so I'd expect that to slip into April - just correlating the reality and what every other Mining CEO says.

@color yes I'm feeling your pain.
This was such a promising prospect a year ago -okay we allow for covid and all that entails - but Frayne could have done much more to keep his shareholders in the loop - he's only ever appeared sporadically on TMS and that last foray is proving to be a bit of a PR disaster not least because @TMS appear to be blocking anyone now on twitter that questions what's going on given they 'promised' to get to the bottom of what has happened.
I mean they are now blocking people/shareholders that would spread the goodnews (hopefully when it appears) thus limiting the PR from the next RNS.
As a PR company TMS seem to be somewhat unprofessional by doing this and if I was on the BoD of CMET I'd probably switch to someone else as a result.
I'm starting to have a nasty feeling here - hopefully it'll prove to be unwarranted,

it does appear that shareholders are losing faith in Frayne, and he's done bugger-all to boost it in the last month.

From next week, without any of the promised deliverables he indicated prior to the placing in February I think I'll start to lose a little faith in the CMET BoD, Frayne and their ability to deliver this project.

It's apparent from trades that other shareholders have already lost faith and there are other investment opportunities available in Mineral Sands and although they are not currently as advanced as CMET but given the snail-like pace here it won't be long before the catch-up and pass CMET out.

I don't disagree AG but there was a train of thought that TGR came off because of the Indian stance on Ukraine invasion.
It shouldn't have an impact I agree but this has made the Washington Post....

Not really what you want to read at the moment:
https://www.washingtonpost.com/world/2022/03/09/mali-russia-wagner/
"The missions are unfolding as support for Russia surges in the capital, Bamako: Protesters wave Russian flags and photos of Vladimir Putin. Signs declare: I LOVE WAGNER and THANK YOU WAGNER, referencing the Wagner Group, a Russian security organization targeted by U.S. sanctions that has been widely accused of war crimes."

not sure if it'll have any impact though...yet.

I think MF was a bit hazy about one of the end of Feb deadlines, saying it might slip into March - at which time I mentally moved everything he said to mid-March.
Admittedly, that's a comin' up shortly.

I had held Sarah Lowther @TMSReach to a higher standard than some of the podcasters prior to this whole placing debacle but, especially given the defensive stance of TMS since then, let's just say... Lesson learned.

Re CMET mgt team as a whole I am beginning to think they're all a bunch of amateurs and may be hoping that if they build up the resource they'll just be taken over neatly as a single-project high-grade mineral sands entity by a Kenmare/Iluka/Base etc.
Apart from the placing and the lies therein thereafter, the thing that worried me was MF's self-imposed drill results deadline. EVERYONE, even amateur investors, know how much these results have been delayed because of COVID backlogs. SO why would he indicate nearterm results unless they knew they were coming? If not it demonstrates an amateur naivety as to how things function.

News is definitely possible. I mean svml announced a non binding mou offtake last week. They require $330m capex and still behind cmet. Plus have mcap $100m
If we could announce a decent resource upgrade plus dfs it could put us on the radar.

What an ideal time for a major miner to bid for this one project company. Wouldn't probably win of course because of the stock held by LTHs.

I'm not surprised we haven't had drill results yet. They took forever to ship them to the lab and as we all know the labs are all backed up. As you say so much patience required here. Wouldn't be that bad but for MF constantly putting out optimistic time frames.

I mean I don't understand why we haven't even had the DFS yet. I mean they're paying for this by a professional team.
SVML has been all over the place last week proactively spreading their message and story. Hopefully MF will do the same once we have drill results.

As seen on twitter, they've reiterated they're planning a follow-up interview no date given more blah blah

"As promised, a follow up interview with @MetalsCapital is being planned.

We didn't know about the placing and had presented the opportunity for #CMET to update investors.

When the interview was accepted we did this in good faith.

We'll endeavour to get to the bottom of events. https://t.co/vy6YQJTNS6"

it seems there was still a small shareholder willing to sell at those levels after all, LW.

Ditto, LW.

LW - I'm more concerned about the LT and as such I would like to see news and the ability to move the project forward. If you're looking for short term gains to trade I can understand why you'd want maximum upside potential with each announcement. I'm looking at the medium term project development so for me each step forward is a step towards production and dividends.

Airborne - drilling analysis has taken all companies much longer in the last year and there are backlogs with most labs. GROC sent their mineral sands samples for analysis months ahead of CMET and as far as I know they still don't have the results back yet.

I've been mulling over my frustrations with Mr Frayne recently, comparing him to other natural resource CEOs on AIM. I also noted that yesterday on twitter the infamous Doc H voiced his disappointment, describing MF as decidedly average.

There are certainly times I wish he was more visible as our CEO and regular in his communication with us as to what's going on. But then I look as some CEOs that seem to live on twitter/podcasts and their constant hype and repeating the same thing over and over again simply puts me off.
I love the Natural Resource space, having grown up in Oil and worked in the industry in many capacities and geographies it's a sector I love and I love the passion of the real get-the-hands-dirty brigade, rather than the swarm of accountant-like individuals sitting in Surrey with tenements in far flung destinations.
I'm attracted to companies with resources, cash in the bank (hopefully) and low valuations probably as yet unrecognised by the market - this probably means I get in too early but at least ahead of the herd (and I think that describes all the shareholders here). I've lost enough on wildcat junior exploration types, where really it's nothing more than roulette and I won't go down that route again unless they already have some sort of resource in the bag.

SO back to Mr Frayne. In hindsight, do I wish he communicated more - probably. BUT I'm glad he isn't constantly hyping the story, especially given the history of self-imposed deadlines being missed. IN all honesty he probably feels obliged to be conservatively optimistic when interviewed and I'm sure he doesn't do it to mislead but genuinely believes those deadlines can be met.

I believe he's worth listening to, the story is good, it's a quality asset and quality will shine through in a sector of hype, dreams and in most cases no defined resource.
I belief we're on the cusp. February was disappointing, but March... (he said hopefully)

LW 'who's left to sell at these levels' - you hit the nail on the head.

My only niggling concern is that the drilling results may not be as good as we are anticipating and that is only because the new technical manager has come from such a huge company that they are used to all sorts of exploration drilling. for us, with capital metals, we need more or less good results on every drill rather than would be nice to have interesting exploration type results.
A question of budgets...

Seriously, unless you're the Bank of England how you can be on every board constantly buying more shares in every company under the Sun???
Just not believable old bean.

I think I've seen this headline every six months for about two years or more.

This is now back at levels I would have considered buying in, but having observed the constant hype by the CEO it has put me off.
All that said I was far more interested in kcb which should have been drilled by now. So I'll watch progress through Q2.