Member Info for PaulFG

Lots of reasons to sell - EST sold down last week because someone needed funds to keep the lights on in another investment, this time of year stocks get sold off that haven't done particularly well so people can book the tax losses.

Just asked yourself if anything fundamental has changed? (Yes, maybe, but it's a positive not a negative here) and then look at the price and determine if it's to your advantage to top up, if you can.

I listened to the SR last night and what I particularly liked was one of the guys said he chats to OF 3/5times PW and OF has been doing the rounds with presentations to potential investors that have been asking if there was a raise coming up - OF indicated no, that's not currently on the cards so if these guys want exposure to the potential they have to buy in the open market.

Once OF takes this roadshow to the USA with their appreciation of Nevada and should they show similar interest this could rerate rapidly just on the back of improved sentiment.

Right now this is my favourite stock, not necessarily because of the huge potential of the resources, but because you definitely feel the shift in sentiment towards the stock. It's a long since I felt that for pretty much any junior explorer on AIM.

I mean...yes. I read through and gut reaction: "okay, that's nice to know."

Given the size, quality, and interest in/of the resource I'm not sure I ever doubted it was going to be funded to production...And as many have pointed out - non-binding/LOI.

Still, nice to know. I think the rerate will start to seriously happen on receipt of the 3rd $1m payment.

Would like to hear from a CGNR geologist on these results, not the Prof.

Indeed @metis very promising, again pointing us where to drill next to hopefully expand the resource significantly. If they carry out this further drill this year - together with targeted areas in Sava, H2 2024 could really add value - that said we're already pushing £200m in the mcap... So, I think we need something concretely significant to really rerate the mcap - like a jorc defined resource/ revised jorc

I notice a lot of comments on twitter, or X, suddenly suggesting once /if USA gov provide grants we're off to the races - I would suggest it'll provide support certainly, but we need to see what that grant is PLUS I'd suggest we're not necessarily off to the races at all - look at BRES.

I'm more keen to see what OF does to develop and enhance the resource in PM and the potential of Garfield, that'll really get us off to the races (once we have positive results ofc).

So, for me, any US grants enable us to expand PM resource and to concentrate existing company funds on the potential in that Garfield bullseye, and given OFs track record I'm pretty confident he'll maximise that potential and best use of funds.

Unfortunately, I feel they've left it so long to close this deal (albeit not entirely CMET's fault) the global economic outlook has shifted to possible recession and a pre rather than post-war footing. It may be more difficult now to strike a deal with everything they want (financing). Chinese house-stock-overhang - 140m units - it'll take a decade to clear that.

Could be wrong...

To me this is starting to feel like another AMRQ (without the amount of available financing/cash in the bank, and the strong institutional shareholdings - but GMET have at least 61% locked away in POW).

Great jurisdiction, the tenements are starting to look very exciting, the top guy here knows his stuff, has form and even just recently topped up again (I followed his lead the same day, always follow insider buying). Plus a proven jorc resource in a critical metal.

Possible funding coming soon from Uncle Sam and doubtless strategic partners will start pulling up the more work done, especially on Pilot Mountain and Garfield.

FYI AMRQ mcap is pushing £200m albeit on the cusp of gold production, but for a not so huge Jorc deposit.

I'm continually reminded of AMRQ a couple of years ago when I look at GMET.

Pretty happy I decided to top up (AGAIN) on the day of the RNS.

Still cheap, depending on how things unfold...

Also put it within context of the market - resources unloved - nothing is really reacting to positive news, (e.g., BRES announced another $1m pymt today from DFC as part of their $5m grant - also still within its range).

So, for me, the current situation represents opportunities to stack quality unloved resource stocks, with assets & potential, the market will turn, probably this year and when it does it's likely to be sharp. All IMHO ofc.

Hard to get my head around the current £9m mcap

Market catching up on y'day's news

@tray - thanks for the data, that's what I was assuming.

Are we now live on the OTC USA market?

Does anyone know if there's been any activity over yonder? My experience is the OTC doesn't add much liquidity to junior stocks...but there's always an exception...

This is the sort of thing the US market would take and run with.

Only had a chance to skim through these, but the main theme I'm picking up is they've identified more areas of interest to investigate. SO good for planning the next round of drilling, I guess.

Perhaps these contain better news buried within it but skim surface read that's what I'm taking away.

I have to say I do enjoy OFs technical explanation podcasts - adds a lot of value and colour to the RNS - not that his RNSs lack colour!

What I thought was most interesting for the next steps on Garfield was OFs comment:

"The typical next stage when exploring for porphyry deposits is to search for a geophysical anomaly which could represent a porphyry centre at depth. To our excitement, this was identified by a third party survey and is located within the High-Grade Zone, which happens to be broadly overlapping the uranium target identified during the same exploration programme."

So they know exactly where they need to drill. Right?

If Garfield and Pilot Mountain turn out to be as exciting as OF is intimating this thing could suddenly take off once it's noticed.

Only 85m shares, with 62% locked away, the float really is small & if the guys deliver some concrete jorc resources within Garfield and expand, as they've hinted they're looking to do, within PM.

Yes he does seem very excited in the RNS, I'd almost wish the language wasn't so 'bouncy' at this stage, lol.

Very early days, potentially great discovery.

There are times I read some comments, and the repeatedness of them, on here I honestly think some people need therapy. Whatever is going on with them their engagement with KEFI cannot be good for their mental health and honestly I fear for them.

SWITCH OFF.