Member Info for PaulFG

If the geological structures are there hopefully we'll hit them, then 20p easily achievable.

Totally agree, DRJJ.
Before I invested I saw his track record on very similar projects and doubtless he's regularly backed by the same Pi's. So heck yeah, I'll back that track record and the specifics on this project anyday.
And I want to know where he's going next once our mcap reaches £200m.

There's certainly decent sized chunks going through regularly everyday. I'm assuming warrant holders are just churning through. They don't seem to care what price they sell for, guess it's 100% profit.

Feels like it's been a while since we had some drill results.

Yes, come on! Let's be optimistic!

We deserve be some good luck in this company.

Can you feel it getting closer, team?

When you think about it only about 25% of shares in public, tradeable hands = 43m.

very Conservatively I'd estimate at least 10% of those are locked away by people like me.

SO there's probably less than 39m shares available in the market to react to good news....think about it.

I agree LW, I don't think there's much risk to EIA, but @colourblind is right to point out if it fails so is cmet. On this project anyway.
The thing is here once it is granted I don't see anything, currently, to stop everything else happening. Long may global demand hold up, though supply does appear tight to the end of the decade.
The financing thing is no big issue, though people are right to point out that it hasn't been finalised.

yes but years to go....and many trails.

DRJJ, yup I mean I wasn't sweating at being underwater at these levels because in the very near future I believe, like yourself, we'll be in excess of 40p. So I always remember my broker's yelling me years ago when I traded commodities, 'don't be a dick for a tick'.
Sure it might dip again, but how much by now? Is it worth missing out?

Yeah I agree LW, when this moves it'll go quick and there's so much positive news lined up over the next six months I expect we will be significantly higher, multiples, within a reasonably short period. After all, production in H1 2022.

The one thing I was a little concerned about was around Country Risk as there was a possibility Sri Lanka may have defaulted on it's $1bn bond - but they repaid that and that for me reduces the negativity future foreign investors may have had to invest in CMET. (https://www.bloomberg.com/news/articles/2021-07-25/sri-lanka-to-repay-1-billion-bond-monday-ending-default-threat)
WRT the CMET Eastern Sands project, I've never been anything but bullish (as y'all know) since I researched it, especially since it had been so derisked in the five years work before they came to market.
I may get better returns if say someone like ECR Minerals make a big strike but this is almost my safe conservative play in the mining sector.
I don't expect we'll remain at this level for long - two more boxes to be ticked and we'll be off.

Oh sorry yeah my AVG now is about 12.5p or so
Still underwater but manageable.

DRJJ, I would definitely pile in more now, but I'm up to my limit (2.1m).
Don't see much downside here, do you?

@colorblind... "That's why I averaged down so many times..." ditto. I basically doubled up

We could easily rally 50% from here, to 15p, which would just put us back to where we were previously when we thought the EIA tick in the box was imminent. After that tick, honestly I don't see any reason for it not to double.

No idea what was said, but apparently discussed today :
https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-capital-metals-kr1-mode-mysale-phoenix-copper-tlou-energy-toople-uru-metals-74d435c

LW - yup our tonnage is smaller but as you say only 5% @ 3m depth. However, the 17% yield/quality is SIGNIFICANTLY above most other projects in the market. See the CMET presentation for comparisons.
They will be conducting further exploration in the licence which as you say will hopefully significantly expand this tonnage.
I remain as confident as ever and anticipate many step changes in the share price over the next 6 - 8 months.
It will be worth the patience....

Thanks DRJJ, that has boosted my Sunday

This is what DRJJ wrote about Strandline Resources on June 9th:
"Crazy to think #cmet @MetalsCapital continuing to see minor movement down. Took a look at Strandline Resources this morning who are approaching production in 2022 for there 150m mineral sands project. Market cap in early 2020 was $44m now $245m... what is the market missing for capital metals."