Member Info for PaulFG

@SMKR re SVML, Rio is the strategic partner there, they not only own 15% of svml but are also the largest mineral sands producer globally. In all probability on the completion of the DFS Rio will make a takeover bid. Less risk for potentially very big rewards, plus svml rutile deposit largest in the world drawfs CMET.

But of course I still hope cmet does well after all I am invested.

Has anyone any idea how many more warrants we expect to see exercised?

I agree Fairview - at least this way DEMIR have a chance of recouping their investment - so actually I don't believe it was a bad deal for DEMIR - it was a practical deal for both parties to enable both move on.

@robemy - you're assuming CGNR ended the JV, I'm not (or at least I think it's more probably DEMIR did)

LW - that would be a very good decision on your part,

;)

@Clever like yourself I relish the thought of topping up, again, sub 5p.

I think the days/times are numbered when this will be possible as we head into Q2 - excellent opportunity.

LW - good to see you here too - I feel stalked! haha

In my gut I always felt these tenements needed to be drilled at depth to establish whether there was a decent resource or not. The shallow drills should have provided hints/indications where exploration at depth is needed - great for a new JV partner.

The issue is mining at depth is not going to attract the vast majority of mining outfits. It's a particular set of skills / challenges that not all miners possess - I'm not sure DEMIR had them (could be very wrong, but that would provide a plausible reason for the dissolution of the JV).

Let's see how long it'll take to onboard a new partner/s, I don't expect it'll be a short time period at all.

The other thing I'd like to see with all respect to Prof C, he has accomplished great things, but I really do believe it is time for him to step down. His constant repetitive rhetoric and style is out of kilter with the way the mining industry now functions and investors are not attracted by this style.

LW, very true most of these guys will most likely be gone by 15p if not earlier - and good luck to them they are now in at very low levels. I also have my exit levels and I can tell you I won't be waiting for 40p! Unless it's on a spike of course...

LW, I always welcome your considered opinion, what some of the new investors fail to understand is that when others have more 'conservative', or what I like to term realistic, opinions it is because we've been here for years and been through every permutation possible with this outfit.

The other thing that has substantially changed since the MF days is that he led us to believe that financing, secured through an off-take, would reap its benefits from securing the product (essentially how CMET would pay-off the off-take, that, hinted-at, model is off the table with us now giving up half the current and all future potential of the product (that's fine it's another model, probably more realistic) but with that in mind you have to now reexamine all the investment/ROI models recognising that only 50% of the benefits will now flow to CMET shareholders.

As I said not a bad thing - it moves the project forward and it's not a zero/negative return which is what some of us were staring into at the height of the SL corruption shenanigans.

That has to colour any shareholders view of the project and honestly some of the utter wild valuations being flung around are simply silly, AT LEAST as things stand.

@Parker - agreed.

In all honesty if I wasn't already invested that interview wouldn't convince me there are better opportunities elsewhere, svml for example currently undergoing DFS with Rio taking a 15% stake and the largest rutile deposit on the planet.

2026 is a long time off in SL, anything could happen all over again.

Still, hoping there will be a spike around the jv announcement.

Sorry meant Q1 2026

If everything goes well, producing Q1 2025, that's longer than I thought. Also got the impression he's trying to prepare market for possibility not meeting mid May deadline. I'm not concerned about that, almost expected it, always thought it would be tight.

Https://www.youtube.com/watch?v=m9k4GKHRUnc

These guys only interview serious quality companies there block list is huge.

LW, indeed, I'm not overly concerned if they don't close within the 60 days, but I read that RNS differently to most people on here, it seems.

Fingers crossed guys, it's bee a long painful wait for some of us.

LW are you back in again?

Everyone saying the same two line argument - ok the probably can't/don't have much more to say. I'm sure the Demir exit has been coming for a while, in order for them to have negotiated what is really a pretty excellent exit package for CGNR ending up back with 100%.

But I would love to know WHY Demir exited though I doubt we'll ever know, but undoubtedly a new partner would like to know.

Let's see...

Hmm

Not totally sure what to make on this. We have moved the potential of the tenements forward but I think CGNR need to convince a partner with deep pockets and many drill rigs to come in quickly - with gold prices accelerating it may happen. But the Prof will have to sell the potential against many higher grade exploration results elsewhere in the world.

SO I'm not sure what the next steps are.

Well be interesting to hear his spin on this - at least it'll be something different from the broken record recording we've been hearing for the last few years.

@clever -I agree, Wouldn't be surprised to it offered below 5p this week, but I do think it'll be substantially higher towards YE

Interesting article here on Tungsten market and trends that are pushing prices higher:

https://www.fastmarkets.com/insights/four-reasons-behind-the-ten-year-high-of-chinese-tungsten-prices/