Member Info for PompeyMagnus

RNS says progress has been made. Also encouraging that the 2 creditors seem okay to further extend loan repayments to the end of Jan, payment must be effected end Feb. Implies news on tomfoolery before end Feb 24.

Hopefully the P&D and trader bandwagon has left Town.

Only a small number of shares in issue.

Still wish they'd get a move on. The clocks ticking on the leases. These minerals can be dug out with those plastic buckets and spades you get at the seaside. Maybe we should send Cmet some over, alongwith a biro.

Must be some deal they're doing given the length of time it's taking. If it's a multi partner jv or multiple jvs suppose that'll add on time. The respective partners will have to get it through monthly committee and board meetings too. Just hope they're pressing on, because the longer it drags on the more the Sri Lankans will see them as a bunch of lifestylers and will start getting up to licence shenanigans again. If they're not making progress but using our brass to keep the lights on then the SLs can just as easily do that themselves.

200sma around 2.6p. Wonder if it's heading there.

Think you could be right Mac.

Ivery interesting Catbert. Thanks too. And in the meantime, some nice downward drift towards a new buying opportunity.

Positive update. Debt managed, good earnings and maybe a divi in the pipeline before too long? Fantastic company. I got stopped out on 15th but back in now for long term. Want to be part of this growth story.

No boats in red sea. All in UAE/Saudi waters with exception of one in Scandi. Nowhere near red sea or suez?? Great to top with a few more though!

Wonder if they could hold the jv news until April when ISA top ups allowed. Would be good to get these in before they pop.

Anyone know the duration and run time on the 2 IMLs. I think we're 1 year+ into a 10 year life? If I'm right, Cmet needs to get a move on. The clock's ticking and the Sri Lankan's will be watching?

They have the EIA and IMLs. For me, main risk is Cmet not pressing on to production responsively because they will be accused of being life stylers and there'll be plenty in SL who'll want to try to step in and do that themselves, plus lethargy on the two licenses they hold will not look good for new IML applications. Critical juncture: life stylers or high flyers? You put down your money and you take your chance. After last rns, and assuming no porkies, the latter for me, and I'm hoping to upgrade my brief case to 2 handles so I can carry home all me money.

Working its way up the channel.

My money on multi party jv, and not too far away either:

. Discussions with LB Group CONTINUING..

. ADDITIONAL interest received to fund the Project to production.

...CONTINUE to work with LB Group to progress the MOU announced on 9 May 2023 TO DEFINITIVE AGREEMENT,

...Pursue additional options and funding structures IN PARALLEL WITH the negotiations with LB Group to deliver the Project in a timely manner and maximise value.

Add to rns that Eastern Minerals project viewed by SL as helping foreign reserves and IMF loan repayments. SL also provided Oluvil port to boost fishing and commerce in Eastern SL.

You put down your brass and take your chance I suppose. I was in Sav and exited for time being. We get jurisdiction risks in Europe too.

Didnt know LB had gone. Rns said negotiations continue, unless it's a porky.

Another good RNS. More revenue.

There was nothing in the RNS to say the construction commencement and operational dates have changed: first half of this year for former and twelve months for latter, as said in presentation.

Rns is clear (please forgive the capitals, just wanted to highlight key words), unless it's porky pies which I can't see, can you? If both parties now want a multi party jv they have to relax exclusivity?

. Discussions with LB Group are CONTINUING..

. ADDITIONAL interest received to fund the Project into production.

...CONTINUE to work with LB Group to progress the MOU announced on 9 May 2023 TO A DEFINITIVE AGREEMENT,

...Pursue additional options and funding structures IN PARALLEL WITH the negotiations with LB Group to deliver the Project in a timely manner and maximise value.

Only thing that makes sense to me from the rns is to expect a multi party JV, including LB Group. Doesn't make any sense for LB Group to be out altogether based on Cmet having put them front and centre up to now - look at the presentation, it was all LB. You could see LB not wanting the full range of minerals though and perhaps encouraging further jv involvement due to China construction slowing a little, although still forecast to grow. My money's on a 3 or more party JV. Spread some risk out too. Its the only thing that makes sense from the rns and the strong presentation focus on LB.