Member Info for PaulFG

Hot money moves around hi-spec gold/copper junior explorers in hopes of 2000% gains. It's very nervous money and any delay sees SP drift.
Fact is here once we have EIA and Mining licence approval you will see a steady rise to high levels as we approach production next year. (As long as the world economy doesn't collapse ofc)
I think Worzel posted a link earlier that demonstrates Mining Co. SP action as it approaches production - very impressive.
I expect each piece of news from now on will result in a step change in the SP.

@xviolet - also don't be put off that CMET only listed since Jan, it has been working on this project for the last 5 years backed my high networth individuals. SO it's much further along than a lot of mining companies you see that are still spec drilling.
It's a good story.

Rather than listening to anyone ever, I would urge you do your own research then decide
That's what I did and I really like the look of CMET. It is significantly de-risked, it's in pre-production phase and we currently await the EIA results (anyday) that will kickoff a rapid chain of events culminating in production H1 2022, with a small £35m capex requirement.
This is one of the highest grade mineral sands projects anywhere in the world right now.
I would urge you to read the RNSs and the company presentation on the website. It is compelling.
DYOR

Well done guys, it's important to nip these tumours in the bud before they gain traction.

Cost-cutting or cleaning up the structure for a potential buyer?

I can find no evidence that OMI is delisting from
the AIM market. If there is such, please point me to it.

I think that is a separate legal entity as it's listed as a Private Limited Company, which clearly OMI.L isn't

Like Worzel I'm a big CMET bull. Huge potential in one of the world's largest high grade mineral sands projects in good jurisdiction.

To recap:
> CMET has actually been around for about 5 years;
> Progress upto the AIM Launch (Jan 2021?) was made by large private investment
> Approx 76% of the 172m shares (130m shares) are safely held by the long term private investors PLUS a chunk more by believers (like me) that have been able to buy in since the AIM launch;
> IMPLIES that probably less than 41m shares are tradeable at any point in time, unless one of the big private investors decide to sell ( I would suggest that's unlikely prior to production).

Conclusion:
We have a £26m mcap company with one of the biggest high grade mineral sands resources on the planet, with a relatively low capex requirement (approx £35m) and less than 41m tradeable shares up to the point of production. Can you see how this will fly in the following months given the bullet points on newsflow:
- EIA approval
- Mining Licence approval
- Offtake Agreements
- Financing resolution for extraction and processing

Reminder - this is going to happen very quickly, domino kickoff, as MF expects production to start H1 2022.
So ONE YEAR COUNTDOWN.

@Matthew125 - couldn't agree more, I won't waste effort trying to pick bottoms and tops give me the chunky profitable bit in the middle.
Big opportunity here and in CMET.L

All true. Did you guys see the 465k sale from yesterday morning hoovered up by the bid at 14.50p only reported after the market closed today.
Some shenanigans afoot here. Position being built very quietly facilitated by the market!

Just been looking at the Trades history. I don't think I can recollect a share where so many of the trades are reported late.

I notice the offer has backed off from 15.50p to 15.70p so I'm guessing there's yet another delayed reporting of a Trade.

nice to see that 20m being hoovered up though.

looks like the offer is runnin' for them der hills! lol

@dvh I'm not sure they actually built the lab yet - he's never confirmed it.

cash at bank is about £6m, current mcap about $17m, so not to much further to fall.

Ya gotta larf!
Just lock 'em away.

Mankayan is a significant Gold, Silver AND Copper play. (not just Copper that everyone is concentrating on)
Anyone looking to buy/develop this resource is probably looking at a 5-10years mine construction project.

SO of these THREE metals, GOLD SILVER & COPPER, which are you not bullish on in the next decade? (me, none)

BZT need to get back the 80% from MMIH, then RNS it.
BZT need to extend licence by Nov this year
Then we're off to the races.

In the INTERIM we have all the other stuff.

@J-L ditto

Country risk Columbia:
https://www.colombiariskanalysis.com/post/mining-in-colombia-sector-risk-monthly#:~:text=According%20to%20the%20Fraser%20Institute's,Mexico%2C%20Suriname%2C%20and%20Guyana.

"According to the Fraser Institute’s annual survey of mining companies, Colombia Ranks 48th out of 83 jurisdictions in terms of its attractiveness for mining investment. Although the country’s attractiveness has increased, it still ranks below regional peers such as Chile, Peru, Mexico, Suriname, and Guyana. In spite of the above, in 2018 Colombia’s mineral exports amounted to USD 12bn representing 28.6% of the country's total exports. According to the Deputy Minister of Mines, Carolina Rojas, the government aims to raise foreign direct investment from the current USD 1.7bn dollars to 6bn by 2020, which would generate an estimated 20 thousand jobs and significant royalties to the state. In addition, according to official figures, mining generates around COP 5tn (USD 1.55bn) in taxes per year and represents 2% of GDP. According to the Comptroller General, the country has 9,594 mining titles representing more than 5 million hectares - equivalent to 3.26% of the national territory. "

Agree AG1989- that's exactly how I see it going down. (or up rather)