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I guess the new shiny PR video is designed to be played at the mineral sands conference on the 17th June. I interpret it as saying we're ready to go just waiting for the government to sort themselves out. I hope the conference is the platform where everyone has agreed to announce the licences and export details have all been sorted otherwise could all look a bit pointless

More large trades again today, usually points to news incoming. Guessing trades have some links to the Ambeon investors

After just watching the presentation and Q&A I think it is just a short waiting game now.

I think your absolutely right xel123 and Cmet reference it in the rns "The Policy allocates responsibility for guidance on value addition to the Geological Survey and Mines Bureau ("GSMB"). Capital Metals has been in active discussions with the GSMB regarding practical value addition solutions."

Possibly one of the reasons cabinet approval was delayed due to them deciding the % for the value addition, is it from day 1 or within 24 months and what qualifies as value added and who made the decisions for setting and the responsibility for enforcement

Need to see the detail, hopefully GSMB been listening to CMET.

At least the shareprice is moving in the right direction now. Hopefully some large after hours trades as well

Hopefully FID will be at the beginning of Q2. Sort of ties in with when the mineral policy will become "official" has to be approved by parliament (probably mid to late march). Just hope nothing delays or derails it, been in positions like this before Surprised the shareprice hasn't react more positively, it's still only at pre court case, LB discussions and Sheffield JV levels. Been here far too long but think we are in a much stronger position hopefully no more unplanned suprises please

Is here

https://www.londonstockexchange.com/news-article/CMET/publication-of-new-national-minerals-policy/17456504

Might not see a rns immediately needs to be gazetted and approved by parliament 1st before it becomes official.

Might not lift the ban on issuing ML until this has happened

"

Capital Metals (CMET), a mineral sands company approaching mine development stage at its high-grade Taprobane Minerals Project in Sri Lanka, has now received the following TR1 Form confirming that Sheffield Resources Limited (ASX: SFX) no longer has a shareholding in the Company. Pursuant to the terms of Sheffield’s investment in the Company, Sheffield is no longer entitled to appoint a nominee director to the board of the Company. Accordingly, Bruce Griffin has resigned as a Non-Executive Director of Capital Metals with immediate effect.

Comment: This is something of a red herring announcement from CMET, given that the market and Sri Lanka has been and should be buzzing like a be regarding its prospects. Indeed, if more people appreciate mineral sands, the shares would on that basis alone be far higher than they already are"

More large delayed trades tonight to go with the huge amount last night

It's was mentioned by Greg in the last webcast that Sheffield wanted out and shareholders should be prepared by it

Apparently the agenda isn't published before hand but the "minutes" are afterwards on a Tuesday

https://dgi.gov.lk/dgi-media/cabinet-decisions

Apparently the Sri Lankan cabinet meets on a Monday where the NMP would be discussed and approved and then the discussions published on the gov website (Google it)

Why would you buy more on a Friday if you knew it was being discussed

Don't think we'll see much happening until the national mineral policy is approved by the Sri Lankan cabinet.

Hopefully the floods didn't delay it too long.

I think it was indicated by Greg the national mineral policy is catalyst to get things moving.

Great find xel123

Would be interesting if anyone could name any of the others that are in the photos (apart from High Commissioner of course)

What will help enormously with creditability is to get this over the line by the end of the year as set out and into production by 2027.

I think everyone is just waiting lots of news due in the next 2 months, let's see if Greg can deliver

Latest interview by GM

https://youtu.be/qKnmZIiDMN4?si=6MwH41ZDIBmLsRrC

Aren't we sharing opinions on here

I can understand people's frustration here and lack of confidence as there is a long history of over promising and not delivering but I think CMET is entering a critical stage at last!

Yes I would have liked the drilling to have started 6 months ago but political upheaval has taken place and we have had to unfortunately play along. We have seen what can happen to exploration policy in both the US and UK when a new government is elected let alone in Sri Lanka.

I suspect Greg got told he needed to seek approval for the drilling and land access again in December, when he met the new head of the GSMB, to let all the new ministers show how big, influential and in control they are, straight after he told everyone the drilling would start in the next 2 weeks.

Remember these are the same people that will have to sign off, at some point our development plan and 11 other mining applications best to keep them onside.

I'm more interested in the FID, being delivered on time, this is in CMETs control and yes the new drilling results will help but they already know what the majority of the results will show, from the previous drills.

Originally, I think Greg wanted end of March for the FID but stated that may be a bit too early and said probably early Q2 and we are told all is progressing well. So I guess all the news flow has now got even closer together.

I also suspect Greg and Stuart are in Sri Lanka to have their first holiday together along with having there photo taken with the drill turning and other possible investors

Bonkers you're not going to find much of an argument from me on this. The lack of an rns but it's the lack of the social media posts that to me indicates no drilling is taking place

So that raises the question why as it appeared nailed on, mid December

The only 2 possible explanations I can come up with is

1) Greg had a meeting with the new head of the GSMB the following week and they put a spanner in the works.

All I can find on the GSMB mid December was that a lot of meetings were taking place, with the new head.

2) Something to do with the FID negotiations

But I'm just clutching at straws here

Once again that's for trying to get answers