Member Info for sebo10

What would one expect P/E to be once Kodal is producing. Isn't the industry average 15x? If so, Kodal will be pushing 500M very soon. We should be at 1p already.

It's really quiet here! When do folks think that the next RNS will land? The last RNS seemed to indicate that we might have to wait for a little bureaucracy. CMET shareholders will also need to sign-off at some point?

You need to invest in Barclays - great return. Kodal has a very promising future. If you knew anything about mining or oil, it often happens in unsafe parts of the world. They have been pumping oil in Iraq for many decades. Diamonds in South Africa etc...

The market got spooked again today, my healthy profit is now less healthy. It's a real shame that those interviews were used to cast doubts on the terms of the deal. I remain invested but worried that the SP is so exposed to manipulation. What troubles me is the lack of clarity of some of Greg's words. He mentioned drilling is days away but doesn't commit to a date. A deal is done, just finalising paperwork and then SR indicate that the deal is still being negotiated with no guarantee of completion. I remember that the RNS announcing the end of the LB deal (in effect) was out of the blue. No reason was given other than an indication of interest of other parties. In truth, it may just have been interest from Bruce Griffin as he had moved away from LB. I have faith in CMET but the next RNS needs to be a proper financed to production deal that really fires up the market. We have to see fair value here, it's getting really ridiculous.

Bruce Griffin is the key player here. He must have made assurances to Greg and we now await the deal confirmation. I think that the LB terms were too harsh for CMET. Bruce probably promised a better deal via Sheffield Resources. What do people think? I reckon CMET wants a good deal after all the time spent negotiating.

Typical boiler plate caveat. Well, it shows that CMET is expecting Sheffield to fund the initial mining CAPEX. Surely, the good relationship with Bruce Griffin will help.

The LB deal was staged funding. It was never $81M upfront. They were going to fund the first stage of production and then fund subsequent stages in return for equity. Why wouldn't Sheffield wait until the share price is much higher before using its 5% option?

Can't buy or sell CMET on HL today - bit odd. No quotes for even £100 worth.

That was unwise. The company you mentioned has a army of angry investors who feel conned by the BOD. CMET should rise to a decent level once we get sight of the deal.

Thanks for your views. I think that the JV is worth more than a rise to 6.5p. There was awful uncertainty last year, LB deal folded and then a long wait to get to the current deal. I think that a 50% JV is worth a 10 p for starters. The interview should have come after the RNS with the deal details. I think that the way he spoke was a little confusing as you say. Investors need black on white. RNS tomorrow? We shall see what happens, I hope for a decent and well deserved rise in the SP.

Max 18-20 months to production from here, by which time the value must reflect the NPV. How is that anywhere near 12 years. Has this board been taken over by shorters? Doesn't make any sense to be talking down CMET on the eve of signing a JV that will unlock 20 years of mining. I must be an idiot as I'm struggling to reconcile the interview with the sells and negativity. Any other views on this?

I think that some here are trolling, surely. If the deal values 50% at $40M then that's a minimum doubling of the current SP. In my experience, the SP of a junior miner after JV always reflects what the senior partner paid. You stand to double your monies very soon and make a lot more as the resource is expanded and firmed up. Construction materials? Some of it will surely be used in steel making, ceramics, semiconductor and other vital sectors. Greg surely knows that with the initial 10 year term of the licence, he has to work quickly. Why all the negatively when we have a JV and are very clearly undervalued.

Lots of long-term folk who are underwater. But we could be more positive about the signing of a JV. Just think, 8 months ago, CMET was in a very, very different place.

SP doesn't reflect what will be (hopefully) a good deal, that's what I meant.

Greg mentioned driving harder than planned. That they needed to make sure that they wouldn't shorten the mine life without knowing that the extra resource is in the ground. We need to see the deal first. I don't understand why the board would put the company at risk of a cheap buyout - doesn't make sense. Greg seems relaxed, I assume that Aim rules probably focused his mind as well. He couldn't say drilling is in progress and they have X results, clearly...the timescales are different but the SP should reflect a good deal outcome - it does at the moment.

Greg 's comment about 'being prepared to give the upside up' was a clunky comment that probably referred more to the LB deal than the Sheffield one. I never thought that the LB deal was a good deal. I assume that the Sheffield deal is the best on the table. The board wouldn't accept anything else. So let's await the deal info via RNS. Greg did seem confident, there isn't any doubt in my mind that the deal is done. $40M funding approx. for 50%? We shall see, surely that would be great news.

when this jv is signed then the clock will be ticking. hopefully, they can start moving quickly to get the mining operation going. was the interview confusing? he couldn't say anything that hasn't been said in an rns. the interviewer was sweaty and seemed uncomfortable - not slick at all. would have been better to do this after the deal is signed. but no real justification for the drop. they will extend the licenses clearly -- he was talking about being there for 20 years. i also think that there was some shameful sp manipulation today. including some *******s about the deal early on which was moronic. i had to watch the video to realise what he actually said. with a jv in place , i expect to see double digits and that isn't unreasonable. cmet are no doubt perplexed and embarrassed to be down here (i'm certainly perplexed).

You are being unreasonable. These projects are complicated with lots of moving parts. He sounds confident that he can strong arm the government into allowing him to mine below the WT. 20 years of mine life he says...

I didn't hear anything about a problem extracting below the water table. There is lots of assumption going on. The drill slippage is annoying but the JV is the most important deal ATM. Once funding is confirmed then we should see much better value. Don't know why people would sell when the SP is well below any sensible level. Chasing rainbows rarely works out.

Please explain what you heard? He said that he didn't need any money. I take that at face value. The exact amount that Sheffield contribute will determine their share of the asset. I'm confident that the project will be fully funded to self-sufficiency. That's what he said in effect. Talk of a takeout would have to be at a high premium given that the resource is highly likely to treble or more. He mentioned around 100M tonnes at a push.