Member Info for PompeyMagnus

I wonder if Cmet are able to update on an action that should be a quick win as it would, I believe, involve dealing with SL rather than a jv partner: the port lease or an agreement to lease. This would be a strong, quick win, indicator that we're not invested in a lifestyle company. I also think there has been Cmet lethargy: the only bit of the Oct-23 IM presentation I didn't like was when Martyr told us he hadn't been in touch with LB. I'm sorry, but that is lethargy, plain and simple. Please Cmet, let's see some achievements now and reassure us you're not a jam tomorrow lifestyle organisation.

Hoping and praying I haven't bought into a lifestyle company. Read an article it's quite common in SL for outside companies to take licenses just for the salary, which upsets the locals because they see inaction and then try and take them back because they can do that themselves. I'm sure I'm wrong. Hoping so anyway.

This is a straightforward project we're reassuringly told, and surely Cmet will have been warming things up from at least 19th Oct 23, going on 3 months ago? We need to see an MOU, a JV and financing, port lease, and commencement of design and build. Such achievements will stand CMET in good stead for the additional licenses, too, which surely they won't achieve without a royalties and taxes flow to SL from the two they currently have? I'm looking forward to seeing more achievement very soon. An Investor Meet update is appropriate in my view.

Dear Mr Martyr, please provide an IM update:

. Is the 12 month operational timescale still a target?

. When is the SL Treasury expecting to receive its first revenue?

. Progress update on harbour lease. Is this being finalised?

. Outline timescale to conclude a JV

. Is this still a straightforward design and build?

Thank you.

I wonder if the Sri Lankans themselves could begin to get frustrated. I realise the IMLs were taken last time through corruption, I understand. But it has been known for companies to have licenses withdrawn through a failure to perform too. Use them or lose them, eg if a company is considered to be taking a lifestyle approach. I trust this isn't the case here. This is my biggest hold and I would like to see more progress, eg the lease, and fuller updates. I don't think this is too much to ask for.

It was a brief RNS considering its significance. No mention of the harbour lease either and no mention of at least an outline timetable remaining in place to commence mining in 12 months, the implication being they're progressing swiftly with a JV. I think it's time for an update on Investor Meet. You would think that with the Sri Lankan's having in the IMF and the need for this revenue to help payback loans, and given the project's straightforward nature, they'd be getting their finger our a bit more?

The stuff's still in the ground just waiting to be dug out and my understanding is there's high global demand for it. I do think Martyr has over promised on this in the presentation last October: optimism of a deal before XMas then the umbrella MOU allowed to fall away without any update at all. I hope CMET are better miners than they communicators and strategists. They say it's a straight forward project so why are they making such hard going of it. Having said that, I'm topping up because of my first sentence!

This is going to keep on going beyond 20s in my view.

Thanks Andy

Just awoken to DEC having read an article about the dividend, which seems stellar. Definitely want to buy in for divi alone, plus hopefully some sp growth over time. Please forgive me I'm a bit new to the divi side of things. Please will someone share the key date,eg is it ex divi and record date? Thank you.

What a ride! Massive buying! I'm just enjoying the show!

Investors perhaps getting a little nervous the MOU is about to expire, plus the investor meet presentation expressed optimism of a deal before year end, potentially over promising. Good chance to top up/average down though. Its also possible that sellers cashing out for a little Xmas bunce, too.

I'm a buy and hold jockey and I've thrown everything I have at this baby. Just going to sit back and watch it go over next 18 months to 2 years. In my isa too with more going in next April!

Wow, that was some buying on Friday.

Think we're due to have a partner update prior to Xmas, assuming SAV true to its word it's pressing on with the project regardless of the investigation. Hope we don't see any slacking on this.

Would be good to hear about an approximate timetable for the trials and an approximate target year for a start to earnings, even if this is 2 to 3 years away.

It would be good to hear if Ana are receiving any revenue on MRX sales.

Dibs, I think most of us here aren't expecting fantasy levels of multi bagging, and certainly not before there are some serious earnings. The main thing is we have a pathway to some serious earnings, and not too distant either. I suppose you're only here to make a building society rate of return are you?

Just further to recent posts on potential dilution. They were above my paygrade to be honest but read this on US Pulley website: "dilution does not necessarily have to be a bad thing for investors... share dilution doesn’t just happen for no reason at all (or at least, it shouldn’t.) If a company has a strong reason for issuing new shares and/or uses the money raised to meaningfully improve its operations, then everybody can basically end up happy. After all, owning 10% of a tray bake cake the size of a football field is better than owning 20% of a cupcake." Surely this applies to CMET? If CMET was a lifestyle company I'd be more concerned, but it ain't, surely.

Hi, am new to Cmet, but excited by the potential. I understand the MOU expires 31st Dec. Wonder if the jv has to be finalised within the mou period.