Member Info for PaulFG

Obviously, I am glad I exited when I did and my 1p prediction seems to be crystallising. The thing that concerns me is that it's not crystallising the way I thought it would. I thought it would be a quick spike down this drip drip selling is far more concerning.

I think many investors here have been exiting or at least significantly reducing their holding since CB's sad demise (despite all the BS on here). Fact is that CB was in direct opposition to the geologists in ECR (a thing he bizarrely admitted to in a podcast -he forced them to continue drilling when they didn't want to). These same geologists are now running the company.

So I think you can expect some operational changes even if they are not announced, these guys will not going forward all guns blazing. They will complete the announced program but I'd expect things to go on hold after that until a new CEO (and good luck finding one of those quickly) is appointed.

Needless to say until it's all sorted out and there is a clear strategy from a new CEO I won't be rushing to buy back in, even if there are 'good' results from Creswick I don't think it'll make any difference.

Just being going through the Oct Presentation @my_opinion posted the link to yesterday: https://www.weare121.com/121mininginvestment-new-york/wp-content/uploads/sites/9/2021/10/Capital-Metals-Presentation-October-2021-121_compressed.pdf

On slide 3 where they list Market Share Price Catalysts the last one is STRATEGIC PARTNER - I'm wondering if they're in ongoing combined offtake/finance/strategic partner discussions.

I agree a lot to accomplish before year end, but why would you publish this to investors in mid October unless you were pretty confident of achieving it.
Otherwise, major credibility issue with the CMET executive team

@color, interesting, what stood out for me:

> H2 2021 Mining License
> Q4 2021 Drilling
> Q4 2021 Development Study
> H2 2021 Offtake agreements
> H2 2021 Finance
> H2 2021 Engineering Design

I mean this is from a presentation in October (LAST MONTH) and they plan to accomplish all that by year end!

yup, interesting.

Looks like they have a heap of work to complete by De 31st!

Been disappointed so many times now wrt 'upcoming' news, not that it's CMET's fault (apart from soemtimes perhaps inadvertently raising our hopes) that I'm quite sanguine now. Won't expect anything but optimistically await RNS updates.

S0 adopting a when it happens it happens approach.

of course it's a joke! Do I really have to explain that???

well that change of registered address seems to have triggered a tsunami of buying, lol

Wow, that's a chunky % of the company even given the probability of discovery

TMS podcast set for 'early' November, for me that's by end of next week according to David Burton on twitter 'any day now'.
Let's see...

Cash and cash equivalents as at 31 March 2021 was $1,797,000, so I guess a lot depends on cash burn in the interim when bugger all happened!!!!

It's about as much as I'd hoped for from the AGM. Whether the mythical EIA actually materialises or not is another matter, out of their hands, and then we wade through the next layer of bureaucracy for the IML. I'm beginning to question how much exposure I want to SL given the lack of progress.

They could have said something about the recent drilling - it's been completed, cores sent off to..., expect results in....

Communications are truly pathetic here. Perhaps James Leahy should also have been replaced in the recent purge...

Or a nothing day, as per ..

'Collapse' might be a slight exaggeration. But frustrated sellers creeping out for sure. Shame, but honestly I cannot blame them the cowardly CMET Management Team have hidden under rocks for months and not kept us up to date on what's happening.

OK OK perhaps they have nothing to say on EIA, which is probably all we want to hear about, but are they honestly just sitting around drawing salaries waiting on that??? There MUST be other stuff going on they can tell us about!

It's November 2021!

A step improvement for sure.

It is disappointing to see the dip in SP at the end of the month but it's not surprising given the companies inability to deliver, regardless of the reasons, each month.

My concern is that this may damage short/medium term appetite for the shares even as key performance targets are achieved. I don't believe MF has done a good job in putting himself out there and making himself accountable to his shareholders. This is now a publicly quoted company on AIM and not just his cosy intimate collection of private investors. He has not behaved accordingly.
The replacement of Sam Quinn in overdue IMO I cannot speak to the CFO.

Going in to November I expect to be updated on:
> EIA
> IML
> How the drilling went and, loosely, when we can expect to hear the results
> a revised investor presentation with updated financials and timelines

Another month of ignoring shareholders and blaming everything on COVID is NOT acceptable.
FYI current SL stats:
2nd dose administered
13,319,379 (61.9%)

1st dose administered
15,262,192 (70.9%)

Total population
21,513,990

Doses per 100 people
132.85

I KNOW there are excuses for the utter lack of progress but MF has to come out and face shareholders.

Yours,
Fed Up.

sorry not Australia just USA tax year ends Dec.

@TS end of tax year for USA investors (Sprott?) and possibly Australian investors too DECEMBER

That would be great. Looking at another two months I think from what I could gather from the last interview with the CEO.

I think you're totally missing the point. A good percentage of the market DOES trade using this type of analysis. And frankly look at any of the junior explorer space and their recent great assay results, as detail by both AG & LW previously, and assay results don't count as much as where traders want to trade it... AT THE MOMENT.