Member Info for xel123

I'm wondering whether this is a well planned work by Shefield (and may be our boss too) to get the share price to the floor and offer 5p to the whole company. They have 10% already and I think they a option to buy further 5% at 4.8p.

If that's the case , it's a disgrace.

We have more than $2.5 cash in the bank , no debt and quality assets with potential to expand substantially.

I may be wrong but that's how I feel right now.

We have cash in the bank and our market cap at the moment closer to the cash in hand with no debt.

Company need to update the market on regularly basis to keep the share price stable

They cant drags this for long. If they are not going to start the project soon , they might lose the licences

Https://www.linkedin.com/posts/damsila-exports-private-limited_join-our-team-exciting-opportunities-available-activity-7211311158689972227-avGP?utm_source=share&utm_medium=member_android

LW

"Judging by the sells, not everyone is waiting"

Less than 500,000 sells 😁.

Your entry price not reached yet ?

May be try bit more harder

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

Https://pmd.gov.lk/news/oluvil-port-set-for-renovation-promising-national-development-fisheries-minister-douglas-devananda/

Good luck LW,

You may have to wait for very long time to buy at these prices ever again

LW,

Are you planning to buy at 3.5p ?

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

Https://www.linkedin.com/posts/capitalmetals_srilanka-ilmenite-rutile-activity-7197142327155376129-Psy1?utm_source=share&utm_medium=member_android

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

I haven't got mine 😕

Ando

You are a brave man and I salute for your confidence 🫡.

If this goes well (I hope it will) , you should invite all for a champagne party 🍾 😁

PaulFG

Great news 👏

You have any idea why they have to continue with LB

"The Company will remain in discussions with LB Group regarding potential offtake arrangements."