Member Info for PaulFG

looks like offer ran away - on pretty low vol.

IMAGINE how this will react on news!

This is well bid - 100k @10.5p, 250k @10.25p (dummy tests)

According to LSE it has traded up to 11p this morning on small vol.

A considered punt. Lol. You gotta have a punt every now and again.

I have to say I like Craig too, though I do not think he's CEO material.

LW - portfolio stuff, yes I never hold more than five shares max, usually only two or three.
And when I have made money - I mean really good money - is where I've just held ONE share because of my confidence and backed it big time. I'm on the verge of that here. But even now I'm only hold two stocks and the other one (ECR) is high risk compared to this one. I sold a few million ECR when they had the recent flirtation with 2p and have been drip-feeding it in here.
But I also have another rule, generally I don't like to hold more than 1% of the company and right now I am way over that with CMET and I think that's stopped me from going all in here. But like you I've looked at the fundamentals here and frankly barring a coastal earthquake wiping out the sands in Sri Lanka I'm finding this company, in this market, irresistible.

it kind of smacks of desperation doing this podcast now - maybe it's just coincidence

I totally agree LW
I mean we have a JORC defined resource, minimally explored, in a commodity that's in global demand, with prices risiing, and just about every analyst predicts a tight supply for the foreseeable, in addition to all that we have like the second highest grade in mineral sands on the planet with offtakers queuing up to take our product. Confidence is high in the company that we will meet all the regulatory hurdles and the government are not only keen for this project to commence to also to be expanded! We've hired an experienced Technical Manager with form and not only has he landed an exceptional incentive package but I'm certain there was a Golden Hello also, MF simply would not have made this hire without confidence in the commencement of the project.
The comes a time when you look at your portfolio and think why haven't I just got everything in this? Not that I have, but right now at these prices I'm asking myself why haven't I?

3 drills are NOT spinning - we don't even take delivery of second drill until end of year - disinformation both ways doesn't help confidence in SP

as a sign that brokers are beginning to look more closely at the sector Canaccord started its coverage of BASE resources as a BUY:
https://www.proactiveinvestors.co.uk/companies/news/957905/base-resources-started-at--buy--by-canaccord-on-underappreciated-heavy-metals-exposure-957905.html

"“As the recovery continues, we believe it is likely that supply will fail to keep up with demand growth across both TiO2 and zircon markets and is likely to lead to continued price growth over the coming years,” the analyst wrote in the note."

#CMET: RIGHT TIME, RIGHT PLACE, RIGHT COMMODITY

...and yes I bought more today...again!

@BTC are you buying at this price? more?

'not quite a sausage machine' Worrisome comment but I feel sums up my feelings afterwards

I wasn't overly impressed with these two interviews, lots of things said which I wasn't comfortable with, eg make or break.

I know we're all quite near term focussed but for me at least half my holding is going to be held for the potential dividend yield . If you buy now and look at peer dividends, the potential yield will be a very healthy annual return.
The other thing at the back of my mind is, given the current and continuing market conditions for mineral sands for the remainder of the decade, combined with the fact we're a single project enterprise this would make an ideal takeover target for one of our cash rich competitors.

I know, not a direct comparison, but this could be us in the not too distant future:

Statement from Michael Carvill, Managing Director:

“I am delighted to see the capital investment and the hard work of our teams over the last three years generating significant increases in production and sales volumes. This is also translating into higher profitability. H1 2021 EBITDA is up 121% on last year and profits after tax are up 278%. As a result, we have increased our interim dividend to USc7.29 per share, more than triple last year’s interim dividend.

https://www.londonstockexchange.com/news-article/KMR/half-yearly-financial-report-for-the-six-months-to-30-june-2021-and-interim-dividend/15102399

Financials and markets

- Interim dividend of USc7.29 (H1 2020: USc2.31) per share, up 217%, in line with Kenmare’s dividend target to return 25% of profit after tax in 2021
- Revenues (FOB) of US$167.8 million in H1 2021, up 51% compared to H1 2020 (US$111.2 million), benefitting from higher volumes shipped and higher prices
- EBITDA of US$82.3 million, a 121% increase compared to H1 2020 (US$37.2 million), due to higher pricing and shipments combined with lower unit costs. Profit after tax of US$48.0 million, up 278% (H1 2020: US$12.7 million) setting a new half-yearly record
-Average received free on board (“FOB”) price for all finished products of US$282 per tonne in H1 2021, a 5% increase compared to H1 2020 (US$269 per tonne), benefitting from strong market conditions but impacted by a lower proportion of zircon and rutile sales, which is expected to reverse in H2
-Cash operating cost per tonne of finished product fell by 22% to US$143 per tonne (H1 2020: US$183 per tonne), as higher cash operating costs were more than offset by increased production volumes
- At the end of H1 2021, cash and cash equivalents were US$56.5 million and gross debt was US$132.7 million, resulting in net debt of US$76.2 million (31 December 2020: US$64.0 million), which is mainly due to the timing of capital expenditure payments and a reduction in the use of invoice factoring
- Strong ilmenite market conditions continued in H1 2021 and this is expected to continue in Q3 2021, with higher prices agreed and a strong order book in place
- The outlook for zircon market has improved, with received prices rising in Q2 2021

AGreed AG - look at CORA results, can't believe the SP still where it is.

But I think ECR have a lot going for it in the next 18 months.

I'm also still here though I've reduced my holding by about 20% on the recent rise to add to my investment in CMET which is a more 'guaranteed' return in the coming weeks, Most likely will reinvest back here later.

Yup ,that's where I am too. In fact, I've been picking up a little more - this is like a ruddy addiction, I cannot resist at these levels...madness.

I think there's only so much money chasing this type of share and let's face it it's almost 100% retail.

With that said has anything really changed at ECR - well the commitment to discover something has stepped up, both with the purchase of a second rig PLUS expansion of our licences (Queensland, even though the one everyone is concentrating on is the yet-to-be-announced one in Victoria), but the grades to date haven't been spectacular compared to quite a few other juniors (I'm not saying ECR have done badly, but the geology is what it is, here and elsewhere). SO that hot retail money will shop around. It will flood back here when it sees the opportunity but perhaps it's just seeing better short term potential elsewhere...

I dunno.
I think with the appointment of the Technical Manager and possibility of further drilling results this can be buoyed up a while longer whilst waiting for the conclusion of the EIA.

One thing investing in Biotech for years has taught me is patience - jeepers is it ever required here, lol.
Difference is the outcome here is 'almost' a given...

watching this and scratching my head. Great results, consistently.

I guess there's no JV coming because they have the mine financing in place. So really the next big thing is the feasibility study which will determine if a mine is economically doable.
Is that the way the market is thinking?