Member Info for PaulFG

LW also take a look at Strandline Resources although I think we discussed it on the BB a few months back.
http://www.strandline.com.au/IRM/content/default.aspx

as someone on twitter said, this is going up on fumes.

74% of equity not in public hands and can't be traded until Jan 2022 - and I'd say another few % in public hands won't be traded for a good while either (certainly mine won't).

SO when this moves on actual real news it'll be rising on not that many tradeable shares - if you're not long now, why not?

If you look at the dividend yields on other Mineral Sands miners and you invest now, this would provide a handsome return once it starts paying out.

50% margin business
Low enough capex requirement
Global demand for the product soaring
Offtakers queuing up
SRI Lanka government wants this up and running ASAP PLUS further exploration on the licence to expand the project

I'm not sure the word you're looking for is 'gamble' lol

Justone - good to see some fresh buying coming in to join you, you'll be in the money soon enough...

LW I agree, momentum is with us at the moment.

O/T - did you hear listen to the interview with MF this morning, soon have lift off with CMET I reckon.

August is looking good.

I'll be joining the 'in-the-money' club soon, alter heavy buying sub 2p - -just need to get to 2.1p (!!!) But won't be selling for a long time, not here for 10, 20 40 80 100%, looking for serious gains.

Hi Craig, I would not be surprised to see a 'life of the mine' type offtake agreement with a very nice premium and financing agreement attached.

2p currently bid - holding my breath to see if this is finally the breakout so many of us having me waiting for.

JF - funding - yes I was never too worried about funding, especially given the market demand for heavy mineral sands and this was 100% reinforced by what MF said in the interview. I really do think we're on the countdown now to lift-off. I was very encouraged by the little insights he gave us about the Government wanting this project up and running as soon as possible. With 2.1m shares currently held, I can tell you it has been a little painful for the last month even though I was adding on the way down to reduce my avg price. But now I see that light in the tunnel for our project and just beyond the blazing tropical sunlight of world demand and increasing prices for our product.
Anyone buying now is getting such a great entry price. The market will notice this very soon. IMO.

"...our project was of such importance they (government departments) set up zoom calls..." MF with Sarah Crowther

I am uplifted by this interview - very glad to hear the CEO still upbeat in the interview.

They expect the market to remain tight to the end of the decade. If we don't get the flippin EIA passed by then....

another article on rising product prices:

https://stockhead.com.au/resources/mineral-sands-prices-are-rising-and-ilmenite-is-the-hot-new-kid-on-the-block/

"The mineral sands industry is booming right now.

The rebound in the titanium feedstock market since late 2020 has continued and with the closure of Rio Tinto’s (ASX:RIO) Richards Bay mine in South Africa and the impending suspension of Iluka’s (ASX:ILU) Sierra Rutile mine in November (pending any potential return to profitability) the supply side is looking tight.

Iluka said in its June quarterly that the potential suspension plus violence at a major feedstock producer in South Africa has created additional concern around future supply of feedstocks heading into the second half and beyond.

As a result, pigment producers are seeking additional volumes ahead of any potential disruptions to supply- and this has resulted in nice bump in prices.

Zircon is at three-year highs of around US$1,630 per tonne (a 14% increase since 31 March 2021) and rutile prices are looking just as good at around US$1,753 per tonne – a 40% increase since October 2020.

But it’s ilmenite that’s really going gangbusters."

...

"“Zircon gets all the headlines – but it’s ilmenite prices that have actually been quite spectacular over the last 18 months,” he said.

“The main stock that people follow in Australia is Iluka, which is much more of a zircon and high-grade feedstock story, but ilmenite is the only commodity I know of where 2020 had a higher global demand than 2019.

“The bounce back in the second half was so strong that you almost can’t see COVID on the graph – which is remarkable.

“As a result with pricing, we’re close to historical highs for ilmenite delivered into the of Northeast of China, of circa $400 a tonne.”!

I share your frustration, and I'm certain the CMET BOD do too. I'm pretty sure they've done all they can to escalate things you just have to wait on government bureaucracy to work its way out.

Lets hope market prices for our product continue to remain buoyant.

I'll certainly stay around for that £1bn mcap, as long as we don't have 10bn shares by then!

JF, yup. I fully expect to be surprised when it's announced.

If we were granted, just going on Adams last interview that will change ECR potential dramatically.

Yes.
MF obviously feels that from CMETs POV they've done all they can and answered all the queries.

Now it's a matter of a decision coming from TEC. Could be whenever in the next few weeks I guess.

That's the question.

Why would a company at this stage of its development feel it had to go out and buy TWO rigs? When it has already begun to form a picture/model of what lies beneath from various surveys and diamond drilling activities.

The CEO is also a CFO, he's not just going to go out and splurge the cash (especially after all the market reaction from the last placing), I hope anyway.

I know two things about CB from various interviews:
1. He wants to bring a mine to production; and
2. He wants to do a JV on credible terms with a big player.

Conclusions - draw your own.

On this point I am also in agreement, LW

I am now hoping we'll have it by September, but am prepared to be surprised.