Member Info for PaulFG

One thing occurs - I wonder if they've had some feedback from the DoD, indicating they'd like to see some more drill results/analysis before they make a decision on the grant.

@DVH I agree.

If Credit Committees met in February then I would expect to see announcements from that process happening now - we are potentially going into an 'overdue' period, but definitely any day now...

@roger - in truth I can't vehemently disagree with your points. Even though I topped-up last week, on a just-in-case basis, I was beginning to feel this was all getting a little 'hyped' on platforms like Twitter with the likes of the TMS crowd and to be fair even OF himself.

The other thing that struck was that the RNSs started to feel a little like POW when PJ was incharge - RNS every thought 'n action, I know some holders like that but it does feel a bit pumpy to me.

Conclusions -

> US grant not in the foreseeable future

> Drilling can't start anyway until permits granted - probably looking at MAY earliest for that to happen, so drilling then depends on availability of crew & rig

> Drill results possibly not then until end of summer earliest

- so why the RNS now? hmm...

Warrant exercise will raise some more funds but we're basically looking at another raise probably in the autumn to progress other projects, e.g., Garfield.

Let's hear what OF has to say, I'm sure he'll spend most of the day on the market podcast websites.

I still haven't sold anything but yes I too expect a pullback as the market digests this, not a collapse.

HMM - not sure what to make out of this RNS. It appears to be saying that the recent private raise is being devoted to further exploration on pilot mountain(once permits are granted - targeted end of April).

Does that mean that they don't now foresee a US grant? Or at least don't expect it within the next few months?

I'm pretty upset none of these monies are being applied to Garfield given they've identified the bullseye target.

Well, I managed to pick up another 100k at about 0830hrs this morning - though it wasn't reported for hours later. Didn't particularly want to Top-up at these levels but that strategic raise and potential upcoming announcements seem to be deterring investors from selling.

I tell you one thing, bizarrely, it was much easier to pick up decent chunks of shares when this thing was below 10p than it is now.

If there was real appetite from both of these companies I'm wondering if we could even see a scenario where they bid for the company itself - Sheffield already snapping up 10%. That would mean getting the LTH big aussie whales onboard and I can't see them letting their stakes go for anything near the current MCAP.

What would have helped the valuation, in that scenario, would be have been more exploration and a much expanded resource - which is what I've been harping on about since the beginning of time, it feels like.

@DVH, reluctant as I am to use the dreaded word, but yes they must be due imminently...

More money, now, in the bank -what are they doing with these funds apart from increasing headcount and overheads?

60 day potential countdown, at least until exclusivity expires (not totally sure how much of an impact that'll have)

OKAY PREMIUM raise is always good, not sure I'm too keen with their option for more below 5p - if things move forward well in the next 12 months that should end up be a significant DISCOUNT.

This will catch everyone's eye:

"Capital Metals has conditionally granted Sheffield the right to acquire up to a 50% interest in the Project in consideration for Sheffield contributing development capital by way of joint venture equity ("Project Funding"). The maximum final Project Funding amount will be negotiated during the due diligence period based on the agreed forecast to production, and will comprise two stages:

(i) an amount of funding to be provided at the Project level which is sufficient to reach a Final Investment Decision; and

(ii) the balance of funding to be contributed at the project level to support the Project into production."

Will be interesting to see what, if any, LB's reaction will be.

@andoman - can we please keep this board to CMET business. A mention of something in a note about CMET might be acceptable - but out 'n out ramping of another stock isn't.

Reading between the lines here it sounds as though it's going to be close to wire to get PING to give the committed go ahead.

I don't know whether to think there's something actually up, but the volume tells me not, or it's just you lot getting each other excited and buying, lol, which is probably more accurate. haha

Haha, well I have to admire your optimism @andoman. As a LTH here I'm always prepared to be disappointed - one day I'll be surprised.

Look at the end of the day HAA has had to contend with major geopolitical/societal risks way beyond his control over the last decade or so. I have to give credit to the guy's tenacity to

A. Keep this company solvent and afloat

B. Bring us to a position whereby laws have been changed and a complex financing arrangement looks as though it's about to be activated.

I mean credit where credit is due.

I know people were p'ed off with the latest funding but if it was a choice between that or the company going into liquidation because it could not meet its financial obligations as they fell due, then people should get over it.

Well Andoman it's good to know that someone else buys here occasionally.

2.9p rather

250k buy at 2.p

Seem to be creeping, unexpectedly upwards on nothing - @Andoman are buying again? haha

Stockbox: https://www.youtube.com/watch?v=szUNUOmZkHM