Member Info for PaulFG

Upfront payments from LB really reduce the whole argument on placings and funding issues.

I keep thinking about GCAT this time last year, all they were waiting for were final signatures on the financing agreement blah blah blah... it never happened and the sp collapsed.

Lesson: it ain't signed until it's signed.

I think the 'tone' is 'hope' rather than actual 'belief' it'll get done by years' end - which isn't that far away with the festive season shutting everything down etc.

Ok Q1 '24 - not a major thing - for the course with the sector...

"All parties are working with Government to obtain the final required clearances and, in the meantime, preparing for full construction start to coincide with the next dry season at Tulu Kapi, which is expected to start in October 2023, having already prepared the community and procured the plant and equipment, with full production targeted to start in 2025."

Is that that the dry season starts in October? I would allow Q4 at least for the announcement, and maybe/probably spill over into Q1 '24.

@Mozax - I agree we need signed confirmations and then real value will start to flood into the Mcap.

Guys - register for the meeting and you can submit your questions to eliminate speculation - unless of course speculation suits your trading strategy...

I note that Titanium Sands is now proceeding well with its projects, earlier it had to go through some SL shenanigans: https://thewest.com.au/business/bulls-n-bears/titanium-sands-advances-on-mining-licence-approval-c-12311731

Planning - they will have to update all the economics since the original plan was put together - especially given inflation on construction materials.

I mean I do like the attitude of the Chairman compared to what we suffered under MF just ignoring retail.

Investor meeting Nov 2nd - register and submit your questions.

OK, this is is what's held up the finalising of the Financing?

I do, kinda , get it.

@airborne we need RNSs confirming:

> Licenses have officially been reinstated

> Offtake & financing agreement signed

> Confirmed plan for the reopening/dredging of the Port

> Construction has started

I think after everything in the last 2 /3 yrs it'll take real confirmations rather than positive comments/interviews before proper sticky money will trust enough to invest.

F1Driver - I agree this will come good - but things take time in SL and it ain't done until it's done.

It's all the ejits from last week who were convinced this was going to £100m mcap in weeks, not understanding how business is done in SL or probably even what business this company is in, exiting...

lol

Interesting article here. You can see similar restrictions being placed on other commodities, could be very good for us, even ahead of US import restrictions...

https://theoregongroup.com/investment-news/china-imposes-export-controls-on-graphite/

Probably old news, but I found this very interesting and you can see it easily moving beyond graphite.

https://theoregongroup.com/investment-news/china-imposes-export-controls-on-graphite/

So many things going for CTL but listening to the Presentation on Proactive and knowing the way the market is at the moment it might mid 2024 before the SP starts to gain momentum - then again market sentiment is a strange mistress.

Looks like mining licenses may not be granted to mine deeper than 4.2 meters:

https://economynext.com/sri-lanka-eco-clearance-may-not-come-to-dig-10m-for-mineral-sands-minister-136078/

Just listened. I thought it was a thoughtful and measured response by the Chairman.

Still lots of work to do - and we do not have an offtake yet, only a non-binding MOU - until these things are signed they are NOT done and they take time.

I would hope posters listen to that interview and adopt some measure of realism and not the flights of mcap fantasy that have flooded the BB over the last week.

Positive news today - but we are still operating in SL and things take time to accomplish.

I hear ya, DrJJ

If you wanna read criticism of BOD read further down the threads there's been plenty over the years.

There might actually be a somewhat muted response to the return of the license given the number of holders clearly lining up to exit, despite all the 'we're in it for big gains' comments.