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Share Name | Share Symbol | Market | Stock Type |
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Capital Metals Plc | CMET | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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1.70 | 1.70 | 1.70 | 1.70 | 1.70 |
Industry Sector |
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MINING |
Top Posts |
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Posted at 04/12/2024 13:10 by theshareguru2 this so is only the start, cmet took a big dive when sheffield pulled out its now on the up and i am looking at 4p plus by early next year. |
Posted at 19/10/2024 15:29 by dannymaz89 If we're looking at high NPVs #CMET is definitely worth a look Current NPV of $250m on only 10% of the asset at 1 meter deep Waited for Sri Lanka elections at the request of their government before drilling now done and due to start by the end of the monthHave had 2 huge JVs wrestling over them, post choice the JV needed to focus on their $500m new production facility CMET then employed an ex RIO COO and decided to see if going alone at 100% is doable The drilling can "double NPV at a minimum" according to the company and is a simple drill (mineral sand dredging)Along side this they've commissioned a gemstone study on the asset to add even more valueLots going on worth a look at £7m mcap.. fully funded for upto 2 years |
Posted at 28/6/2024 09:39 by sos100 Interview with Sheff just come out ,if anyone wants to watchdon't know if CMET is mentioned |
Posted at 24/6/2024 13:09 by smackeraim Looks like someone's stop loss triggered. Come on CMET get an update out |
Posted at 30/5/2024 09:06 by smackeraim Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), is pleased to confirm that legal agreements are well advanced for Sheffield Resources Limited (ASX: SFX) ("Sheffield") to acquire a 50% interest in the Project in consideration for providing development capital by way of joint venture project equity. Whilst the legal agreements will not be completed in May, Capital Metals expects the transaction to close shortly. |
Posted at 24/4/2024 12:09 by jimbomorry I sold and bought back in a few weeks back. Watch out if you need to sell in a hurry with cmet, especially in a spike. I'm with HL and it took me many attempts to sell over a two day period. Sorry I didn't look into it more. Got the impression it's not a very liquid stock. |
Posted at 22/4/2024 14:21 by smackeraim Yup. Cmet is in a good place, and Sheffield knows it.“Base Resources Limited produces and sells mineral sands in Africa. It produces mineral sands, such as rutile, ilmenite, and zircon.” “Base Resources rocketed almost 90% as the mineral sands miner announced a merger with US-based Energy Fuels to create a global critical minerals business. Shareholders in Base will receive shares and a special dividend worth in total approximately A$0.302 (15.7p) per share, a premium of 188% to the last closing price.” |
Posted at 20/2/2024 19:44 by jimbomorry Must say I think Cmet is not good with news updates. Also, SL notorious in past for lifestyle organisations and license squatters. I'm invested here and I see this as a risk. But the resource is Jorced, and SL needs the royalties and taxes for IMF repayments so hopefully theyre putting a rocketup cmet. You can see how others try to make a move on licenses. They see no news as lethargy and, hence shenanigans occur. |
Posted at 20/2/2024 16:53 by gb904150 On the LB group situation it was disappointing that the exclusivity was allowed to lapse.Does anybody think there is more to the story? On the face of it LB Group, the world's leading manufacturer of high-performance titanium dioxide pigments and sponge.....appeared a perfect tie up. A perfect suitor. A $5.8bn Mcap one at that. The MOU from May 2023 with LB had seemingly fantastic terms for the proposed JV with LB fully funding it. Estd costs $81m as per the PEA and IHC mining report. Beyond that plan any funding at 50/50. But by then it could be revenue generating and profitable. So why didn't LB choose to move ahead given that alignment? 5th Jan offtake MoU....did CMET just put a positive spin on that exclusivity lapsing? They mention 'additional interest received to fund the Project into production' but is that really on better terms than those proposed by LB?! I can't imagine it gets much better than the LB group offer. In CMET's defence they stood their ground. Many AIM co' just cave and roll out months more of exclusivity, on to new deadlines that get missed. TiO2 seem to be holding up OK. LB group seem to be operating just fine. LB group shares are steady at $17.80 CNY(SHE: 002601) China is seemingly doing very badly but has just cut rates from 4.2% to 3.95%. The mining licences got reinstated and the GSMB changes happened. So there appears a lot more positive than negative but I struggle to understand why LB group haven't just moved ahead. What is holding them back? CMET and this HMS project is pocket change for LB group. For the uncertainty you get a 30% discount vs the last £625k raise at 4.25p. That said....the picture back then was rosier. There was momentum and a near term deadline. That's now passed and hasn't been replaced by anything....yet. |
Posted at 10/1/2024 15:39 by roughandtumbleone Here's some more details behind the 1600 drill holes and their stated huge upside to the resource size.The drill results were used to estimate an initial resource of 17.2Mt of at 17.6% THM. This resource estimate makes the Project one of the highest-grade mineral sands' deposits in the world. The extensive drilling also means that 85% of the resource estimate was classified in the higher level measured and indicated categories of the JORC code.A key benefit of mining high grade mineral sands is the potential for greatly improved economics as capital intensity is generally low. The mine size (and capex) is lower as you need to mine and process less material to produce the same amount of product. Our recent analysis of other deposits around the world shows that our project has one of the highest grades, being nearly 3 times the average grade of all the deposits of approximately 6% THM.Whilst the current resource estimate is large enough to develop a mine, we are very excited about the potential to increase this resource. CMET's current resource estimate used shallow Auger drilling to an average depth of only 3m and most holes finished in mineralization. CMET's 2018 drill program (using its Sonic Drill rig) proved the mineralization continues at depth and produced some spectacular results including 14m at 26.3% THM & 8m at 26.6% THM. In addition, we have explored less than 10% of CMET's initial licenses (EL168 and EL199).It is difficult to estimate the resource upside at the moment as there are many exploration opportunities to pursue, but CMET believes a multiple upgrade in resource tonnage is feasible |
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