Member Info for PaulFG

Thanks DRJJ you always have your finger on the pulse.
I have a feeling the country risk for Sri Lanka might be rising and this probably detracting investors
I still count myself amongst the faithful and remain optimistic, but I should probably stop buying. Lol

Missed the 10p offer!

Looking at the volume it honestly does feel like investors, distressed selling, that had bought in hoping for the rise in H1 and held on as long as they could into July, MM's taking advantage, can't blame them, get cheap shares while you can.

Can't be long now. Well at least every day is a day closer....
Mineral sands market is bouyant and the Rio Tinto shutdown in South Africa will support fundamentals.

Jf got most done @mkt and only paid 10:50 for one 100k tranch. So happy enough. I was going to hold on for sub 10p but we had an expression when I was a commodities trader - don't be a dick for a tick! And this could move up rapidly, he said hopefully, once EIA box is ticked.

Yes, I have to admit I picked up a few hundred thousand over the day. It was close enough to single digits to tempt me.

LW - yes timescales and programs with Dates and Metres re required - but all we get is 'we're going to...'

on KAV post KSZ, I can almost guarantee if KAV discover anything at all at KSZ they will elongate the program there and the KCB project will be pushed back .

Maybe I'm grumpy this morning, but for ruddy once I'd like to wake up to an RNS telling us they've drilled somewhere and discovered something, preferably meaningful, with the truth machine. Doesn't PJ understand this share is not going to rerate with a load of paper shuffling and buying more projects.

Get the ruddy spades out and start digging!!!

Okay, I did say I was grumpy.

A comforting read, DRJJ, but you can see that apart from the EIA step CMET also need to drill/explore further to expand the resource so the asset is comparable to many of the companies discussed, something MF has stated they will be doing this year.

Like yourself, I think patience here will be richly rewarded in the not too distant future.

https://www.ft.lk/columns/Value-addition-of-heavy-mineral-sands-in-Sri-Lanka/4-720156

it's just interesting, but I don't expect any impact on SP.

"The EPM licenses have yet to be approved but now that the work programmes have been approved, the EPM’s will be advertised, following which there will be a 4-month consultation period. The Directors believe the licences should be granted in approximately 6 months time, and further announcements will be made at that time. "

https://borneobulletin.com.bn/sri-lanka-hopes-to-vaccinate-all-population-aged-above-30-by-september/

Nope. Not me

I agree AG
I'm fed up with the bipolar nature of this board. It's driven by ignorance.
I had warned the board earlier that geologists get excited by different things, by simple Rock structures, but there's a faction of contributors here who are either very blinkered or in their teens.

Not sure why ECR publishing random tweets about the visit to China two years ago - have noticed a couple popping up on the twitter feed.

I think we're all broadly in agreement it's a when, just when that when is
Personally, I'm happy to ride out any temporary turbulence, even take advantage of them, and forego some other opportunities which, to my mind, represent a less favourable risk: reward ratio.

It's the resource and its size that decide if you can bring in an economically profitable mine. We're a way off knowing that.
But if too remain hopeful and optimistic, with quite a few million shares.

You have to remember with geologists they get excited about anything that comes out of the ground, so it may not be what you think it is. a geologist loves geology.

Hi Craig.
Yup I've taken out a good sized holding.
People talk about this being binery now as though it's 50-50, that is simply not the case. There is a high likelihood of EIA being progressed.

So there comes a time when market opportunities appear and they need to be taken advantage of. IMO CMET represents one of those opportunities right now.
Not that you couldn't possibly make more money elsewhere on high spec stocks (eg ECR), but there's nothing comparable to the low risk high reward ratio here.

Each time I top-up I think this is the last time (over 1.6m shares now) but the market keeps on offering such value.

From the most recent RNS I think it's clear that Q3 will be transformational for the company, it will even spill into Q4 (OKAY lets say H2). The company will soon be beyond the restraints of Government bureaucracy and will start moving at its own pace. OKAY y'all know I'm very bullish.

If the enforced/distressed H1 selling continues at this pace and we dip below 10p I'll have to consider a major purchase rather than the drip drip topups.

VERY bullish. Enough said.