The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I think we will agree to disagree. I fully understand it but the $81 million is to going to be priced in already. We haven’t even started yet, haven’t even signed anything yet.
The market isn’t reacting because currently we do not have the funding and we have gone up 4/5 times in a matter of months.
LB Group will want their investment back and 50% of profits.
They aren’t going to want $81 million worth of shares in a company that’s worth $81 million and at risk of falling way below that price in this type of environment.
Money in, money back and 50% profit and they’ll move on to the next one, they won’t want to be the majority shareholder here
They aren’t going to let the company go for 5p that’s for sure!
So you are saying £13 million valuation lol
The valuations of what’s in the ground is multi multi what we are at now they aren’t just going to give it up that easily. So much more potential in Sri Lanka we haven’t even looked at or applied for yet.
LB group will get there investment back and we don’t take any money out of the job until we are in profit
Sebo 10 here you go. 'Staged basis'
All funding to be by way of equity on a staged basis to achieve 1.65 million tonnes per annum mining rate capacity and processing to final products, with LB Group able to apply its share of profits towards its funding commitment until the agreed capacity is achieved.
Capital Metals to start earning its share of JV profits as soon as shipments begin, which could be within 12 months of the start of construction.
LB Group will guarantee 100% of the offtake of heavy mineral concentrate and ilmenite for the entire project life at prevailing international prices at the time of sale – other products to be marketed by the JV to third parties.
LB Group has conducted significant due diligence on the Project with only confirmatory due diligence remaining.
Do you think existing shareholders who were allowed in at 4.25 will know about this :D
Completion of the JV agreement is expected to require approval of Capital Metals’ shareholders in a general meeting. Further detailed terms of the proposed JV investment and offtake agreement by LB Group will be notified at the time of signing
Dibs - No problem at all, I am sure you have come across plenty of idiots in the aim world especially with the amount of posts you have so totally understand your reaction but it is all good. I am in idiot at times haha
I am genuinely invested into this company so obviously want it doing well, we need people like yourself on here with your knowledge and background on this business if you are willing to share. I believe we will encounter plenty of new investors soon but thanks for the replies