Member Info for PaulFG

JF yup you're right that should give a thorough analysis of the economics - worth waiting on etc etc

Couple of things I noticed:
1. Obviously they've updated the EIA situation;

2. They have now replaced the Port images to reflect the state of slit build up

3. Unless I'm reading this incorrectly they don't seem to have updated the project economics even though they've acknowledged the increase in product prices: "Ilmenite up to $340+ per tonne, Rutile up 40% to over $1,700 per tonne since last October, Zircon up 14% to $1,630 per tonne since end March", infact in slide 9 they quote significantly lower product prices - they simple haven't update it. FURTHER on slide 21 "Value per Resource Tonne Sand - US$/t*" they are still quoting $40 pt but surely this figure must have increased given all the product increases during 2021???

Maybe it's late but if I'm reading this correctly they've missed an opportunity, especially if they're trawling for funds.

Was reading this: https://www.marketscreener.com/quote/stock/CAPITAL-METALS-PLC-4004426/news/Capital-Metals-Presentation-January-2022-37551445/

Which led me to a link of a presentation dated Jan 2022 here: https://docs.publicnow.com/viewDoc?hash_primary=39A0C02999A669B0F2B7A5B38D55E47927E4F110

Not examined it yet so not sure what has changed.

I don't think we'll see a naked placing without some other information to go alongside it. Doubt very much the 76% brigade would be happy with that and although clearly MF doesn't give a ?!?!? about retail investors I'd see he toes the line where his HNIs are concerned.

SO I expect we might see a simultaneous offtake announcement with a corresponding substantial investment at least to cover the initial $20m phase 1.
I just can't see a placing at these levels - but heck as has been said before 'This is AIM'.

I'm long , very long, and would look to add even more if ADV perform within the next few weeks.

After last year's debacle I ain't getting hung up on timelines again. When it happens, it happens.

According to twitter ( https://twitter.com/TMSreach/status/1480499661752438786 ) TMS have lined up another podcast with CMET over the next couple of weeks - let's hope MF or whomever manages to stay on the line a bit longer than 10mins this time!

DRJJ
I completely agree wrt MF. This is a one project company and as a CEO he's doing a lousy job for shareholders - would be more than happy to lend my voting shares to any of the major holders that wanted to vote him off the board and replace him as CEO.
I would certainly cut the Communications guy (James Leahy) overhead - money down the drain here he's doing the worst job imaginable.

ALL that said even CEOs that are out there trying to support their shareprice and spread the word about their company and the markets they're in are not totally avoiding the overall market gloom right now.

The major shareholders will start putting MF under more pressure from January when their holdings become eligible for trading strategies. I would be surprised if they didn't start some ass kicking given how little progress has been made on the shareprice since last Jan.

actually given the level at which we're going into the New Year this is likely (he said hopefully, as usual) that CMET could be one of the standout performers in 2022.

Undoubtedly some sort of finance raising event looms on the horizon. Especially as since then, September 30th, we've incurred expenses on drilling and sample testing, not to mention consultant fees on mine development etc etc

So on further thinking perhaps not as comforting as I first thought.

Cash balance in the Interims is giving me some comfort. Roll on Q1...

I happily stand corrected re RNS costs.

But I remain skeptical as to the motive behind reissuing old news.
Why not state something new like drill cores have departed for Australia, or arrived...anything new.

Rehashing something we've all already analysed to death is pointless and frankly leads one to think there is a fund raise in the offing which does not encourage new buying

Agreed
For me Q1 2022 will be transformational, hopefully.
But these RNS statements smack of amateurism and leave a had taste.
Would have been better posting photos of work being carried out on the ground in SL

It is a rank amateur feeble attempt to pump alright. And I seem to remember each rns costs us about £35k.

Pretty unimpressed with cmet bod atm.

If you're going to rns at least tell us stuff we don't already know!!!

not sure any of this warranted an RNS (which costs us money).
If they want to improve PR and get the CMET story out there then Frayne needs to do MUCH more work than a 10 minute interview and always with the same interviewer.
There are other platforms - Proactive, Crux Investor, Stockbox etc..., not to mention major platforms like Bloomberg - maybe time to look for a more effective Communications Director.

Fantastic that they managed to complete the drilling program before the rainy season.

The CEO sounded a little jaded on the Stockbox interview - hope it was just fatigue rather than veiled disappointment.

Regardless, looks like little or no meaningful news coming out until the end of March - only one possibility is that they may actually get a listing date sometime in January - but for when...

Could be Q2 2022 will be an exciting quarter.

Look at you, all bullish
Long again?
Lol

LOL
Beginning to wonder why half you guys are invested here with so many doubts/concerns. Maybe it's because I used to work in Corporate Finance within Natural Resources - but I have little or no worries about the ability of the company to raise the necessary finance.
But I guess you guys gotta get all worked up about something. First it was the EIA, now it's the Finance, next it'll be something else.. I'm holding these to Dividend so perhaps I have a different time horizon.

God knows I'm as p'd off as the rest of ye wrt SP performance. However, there are upcoming events (resource expansion, offtake, IML, financing, mine construction) which will make a rerate an almost certainty. If you do not believe in any of these or harbour significant doubt as to their eventual crystallisation then like Daltp liquidation is your only honest option.
I remain significantly long - three months more...

It would help if they conducted more interviews (preferably beyond TMS and longer than 10 mins) and got the word out, it might help a lot...

versus peers from MH Ireland pg 8:

"Peers
Capital has several peers operating in mineral sands: typically, in Africa or in Australia
(Table 4). In Sri Lanka, there is one existing operation (Lanka Mineral Sands –
Government-owned) and one active project (Manar Island – Titanium Sands Limited) with
one dormant project, formerly owned by Ilkua (Puttalam). We choose to focus on peers
operating in Africa and Australia (Indonesia) listed in the UK and Australia for our peers.
Capital stands out on many metrics: highest-grade resource, highest HMC and vValuable
Heavy Minerals (VHM) resource grades and high revenue per tonne. Eastern Minerals
Project is a small tonnage (at the moment) project which stands out against its peers and
which we expect to rerate as its key catalysts are achieved.
A recent IPO (dual list) in London of PYX Resources (AIM:PYX) with a market cap of £400m,
and which has small-scale, high-grade zircon production in Indonesia, points to the value
given for new producer entrants into the London mineral sands market (Table 2)."

only a matter of time before market and other brokers start recommending.

Poor old Daltp - he never seemed to want to buy in in the first place and complained bitterly all the time he was long, made predictions of 40p on twitter post EIA, when that didn't materialise he started to liquidate his position (probably within 30mins of the announcement) and now he's back on twitter predicting sub 10p (not exactly a million miles away).
Daltp you must do what you must for your own trading position, and thanks for the liquidity, and I understand if you're a short term trader that you would execute the way you have and why you're probably a little bitter.

However, timelines are not long (depending on your definition of long):
> Expect drilling results sometime Q1 - samples on their way to Australia so not SL dependent)
> Expect news re offtake -I mean if these guys were on the phone to Frayne the day of the EIA that demonstrates a certain level of eagerness (to me) to type up this resource ;
> IML - okay this is in the hands of the SL authorities but given it is the MINING authority rather than touchy feely greens (apology to all touchy feely greens) I would expect this process to proceed in far more efficient manner than the EIA.

These are three potentially value releasing events occurring before end of Q1 (is that a long timeline????) .