Member Info for PaulFG

The BEST way to start every new month!

Goodness. I've seen some rubbish sites in my time, but that one is really abysmal. Don't know why it was even mentioned here.

I agree LW, CMET shareholders were not give full facts, for whatever reason, not that anyone on the BB wants to acknowledge that. The little trust I had remaining with Greg evaporated with that last RNS.

I think the SP here will either be battered around by traders or just die in the doldrums until financing is secured for construction.

I don't expect to hear anything much more next week from Greg apart from a rehashing of what was IN THAT RNS.

I don't think they've much choice apart from raising finance themselves at this stage and it's gonna cost $$$.

I think when it comes to share buybacks they have to buy on the open market, they cannot buy from specific shareholders.

Oh sorry guys wrong share. MUS6 PUT GLASSES ON, LOL

I think when it comes to share buybacks they have to buy on the open market, they cannot buy from specific shareholders.

I notice the US exchange welcoming notice today welcomed Golden Metals, it may confuse investors unfamiliar when they can't find that name.

It was just unfortunate timing with the name change, even people on twitter still refer to the old name.

CMET deal dead on the water by the sounds of it. They're getting their house in order and have hard committed to other projects which they can't pullout of and debt repayments start next year.

I don't know much about these subtle differences - is there any more liquidity in that market - it's still OTC right? Does anyone have direct experience of another stock listed at that level?

Good spot @multiplier, bizarre the RNS isn't listed here.

Excellent presentation.

Glad I topped up earlier today.

@metalhead - those be mine.

A DFS is definitely required if they want finance.

Upbeat drill results are all but 100% anticipated - though if they use GSMB again it'll probably be this time next year before they get them.

They continue to hire people in SL

They've stated they want to hire an experienced development team

Ongoing fees with AIM

That cash balance people are desperately hanging on to will deplete pretty darn quickly.

Then there's the possibility of delisting - something like 70 companies delisted from AIM in the year to April. The Aussie guys that basically own this company had it private for years before the approved the reverse takeover - with a dreadful SP I can foresee them taking this private again and possibly listing in ASX. What happens if this is delisted? For me that likelihood, regardless of the magnitude, tipped me out.

All that and fingers crossed things don't kick-off again in SL!

I'll be interested to see if there's an RNS given today's volume to see if a TR1 is exiting.

I took advantage of this, hopefully temporary dip, to top-up today. Bound to be some news incoming soon enough.

I wonder if this is one of the strategic long term aussie investors getting out, big volume going through here.

Agree no suspension required the last RNS told you everything

As y'all know I've been pretty pessimistic about CMET for a while - that wasn't always the case, but too many things have gone wrong over the years not all CMET's fault but here we are.

I'd been gradually selling over the last year or so down to 5p and thought about the RNS last night and decided to get the remainder of my money out today - not because I don't think they can't turn this around, but I think it may take them too long.

They're about to spend a lot of money exploring, they want to hire an experienced team to develop the resource, and they want to look at financing it - fact is SL is a high jurisdictional risk so that financing will not come cheap.

There are better opportunities out there - and frankly it was that opportunity cost that spurred my decision this morning to liquidate my position.

Been here many years, as some of you know, and was very bullish about the potential here but too many knocks, I've lost faith in the management and that £2.5m cash at bank is about to be rapidly depleted.

The other issue at the back of my mind, and it's a growing trend, is that in my opinion there's a decent likelihood that this will be taken private again. The costs of maintaining the listing on what is quite a dodgy AIM exchange is very high - a further cost to eat away at their cash reserves. So wouldn't be surprised to see CMET delist by the end of the year.

I've no doubt the shares will rally, now I'm out. And I wish those of you sticking with this the best of luck.

I have serious doubts now at the competence of this management team to get this project up and running. If you manage to bu..er up such a great project the level of incompetence is off the charts.

Would not be surprised to see this splutter along and then someone come in a buy it for peanuts.

Sorry I didn't sell more above the 5p - but at least I sunk it into GMET.

Sorry to say my pessimism was fully justified as usual with CMET

I don't think there's an immediate requirement for an update on early works, would be nice of course, but we SHOULD get an update at the end of the 60 day period for sure.