Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
There will be a presidential election soon in Sri Lanka ( in the next 2-3 months). Current president wants to show his capabilities and foreign investments are very important to the country.
There is a good voting base around Oluvil and if the Cmet start the project it will create lots of local job opportunities and that will help to get more votes.
All in my opinion
It's hardly a selloff . Not even 5 millions of shares over last 3 days. PI who are looking for quick money may be moving away. Nothing to worry. The same the price go down will go up with a very little volume.
Relax - All in my opinion
Less than 3 millions shares sold over the last 2 days . You don't call the as a selloff in a company with over 300 millions of shares.
As Stoky mentioned "no guarantee of completion" is standard practice and regulatory requirement for any deal until it's signed.
Some panic created by some people in this board after they sold and hoping to buy back at a lower price. Unfortunately some of the weak holders sell and others will buy back.
All the best
This discussion board was so calm and very productive over last 10 months.
It's a shame that certain people with their own agendas are trying to manupulate things without proper substance in order to retake position at lower entry price.
I dont understand why the tiny minority of holders are selling. I'm fairly confident (only my opinion) that the SP will move towards 10p mark with some sort of JV confirmation. It may not hit 15-20p mark as previously predicted, if the deal is not what we are expecting.
Selling at this price is silly in my opinion.
"Sheffield is also continuing to advance negotiations with Capital Metals Plc (AIM: CMET), the owner of the
Eastern Minerals Project in Sri Lanka, regarding a potential acquisition by the Company of an interest in
the Eastern Minerals Project. Whilst due diligence and associated activities are well advanced and
continuing, there can be no guarantee that the Company will be able to conclude an agreement with
CMET on terms acceptable to the Company"
https://www.sheffieldresources.com.au/site/investor-centre/asx-announcements
This is what his exact words in the interview
"$37 millions is what's we all needed to getting the project self funding and $81Millions is the total Capex"
So initially we needed $37 millions to get the project started and the rest will fund from the project it self. That's good enough for me.
Very poor show from you ATOM.
You clearly sold and now you find very cheap and baseless reasons
"Back to CMET, not looking good here as clearly we have been misled ! This will dive unfortunately"
Can you point out who and what has misled ?
Less than one million sold you think this will dive.
Very pathetic indeed
See below , Ando's comment on LinkedIn
https://www.linkedin.com/posts/capitalmetals_capital-metals-plc-update-re-project-funding-activity-7196030512786771970-K5PM?utm_source=share&utm_medium=member_android
Nicely summarised
https://www.weare121.com/121mininginvestment-london/capital-metals/
According to the following post from CMET
"Near term development & production with first output expected in early 2025"
https://www.linkedin.com/posts/capitalmetals_capital-metals-aimcmet-high-grade-long-life-activity-7191680866044022785-YqIZ?utm_source=share&utm_medium=member_android