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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Capital Metals Plc | CMET | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.45 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.45 | 4.45 | 4.45 | 4.45 | 4.45 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 24/4/2024 13:09 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 15:21 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 21/3/2024 10:26 by smackeraim https://x.com/share_ |
Posted at 21/3/2024 09:09 by theshrimps2002 I have been in CMET since day 1 (2020). To see where we were and are now (and the major hiccup in the middle) this is looking fantastic. Clear strategy, strong relationships with Sri Lanka, big players joining the party, well funded and backed. The final piece to the puzzle before pressing go is the CAPEX funding where all the signs are there for a positive outcome on that.The market will then react and in my view it will be a big one and continue to grow as resource increases, construction starts and then fingers crossed moving into production in 2025 (my prediction). I'll keep my predictions to myself as to avoid coming across as rampy, but it's fair to say I'm excited ? |
Posted at 19/3/2024 19:11 by roughandtumbleone Sheffield Resources Limited ("Sheffield" or "the Company") (ASX: SFX) advises that it has entered into ashare subscription agreement (Agreement) with Capital Metals Plc (Capital Metals) (AIM: CMET), theowner of the Eastern Minerals Project in Sri Lanka, whereby Sheffield shall subscribe for 34,500,000ordinary shares of Capital Metals for total consideration of £1,250,000.Following completion of the Agreement, Sheffield will own approximately 10% of the issued capital ofCapital Metals, with the Company also securing a 12 month share option to acquire a further 17,250,000shares for total consideration of £843,750, enabling Sheffield to increase its interest in Capital Metalsto approximately 14% of total issued capital. Pursuant to the Agreement, Sheffield may for so long as itowns at least 10% of Capital Metals, appoint one nominee director to the Board, subject to customarydue diligence for AIM companies, and will also retain customary anti-dilution rights.Sheffield and Capital Metals have also agreed conditional terms to fund project development, providingthe Company with the opportunity to acquire up to 50% of the Eastern Minerals Project in Sri Lanka.Should Sheffield proceed with the project acquisition, it is expected that project development and fundingshall be staged such that the majority of the investment proceeds are applied following any FinalInvestment Decision on the Eastern Minerals Project. The terms are subject to a 60 day exclusivity period,during which Sheffield shall complete customary due diligence. The parties also intend to negotiate andagree a definitive investment agreement, inclusive of funding from Sheffield to support projectdevelopment, during this time. Until such time as a definitive agreement is concluded, there can be nocertainty that a transaction with respect to the Eastern Minerals Project will be completed. The exclusivityin favour of Sheffield does not apply to the Memorandum of Understanding with the LB Group announcedby Capital Metals on 9 May 2023.Sheffield expects to fund the initial share subscription, any subsequent option exercise, and any pre-FIDinvestment at the project level from existing cash reserves. |
Posted at 18/3/2024 09:53 by smackeraim Haha no problem mate. Yeah there's different approaches to the funding deal from both parties, but end result similar.. CMET will be a fully funded project with possible production revenue in 12 month from construction. Based on only 10% of resource.. this is quite incredible |
Posted at 23/2/2024 11:40 by roughandtumbleone FYI - as per the last paragraph I'm stillOf the belief a really good partnership and OffTake agreement will be announced.Hi xxxxxxThank you for your email. I don't know why James' email wasn't working as that is the right format we'll look into it - but in any event we have replaced it with another email address for the IR team who are in very regular contact with the board so you can expect a timelier response going forward.There is absolutely no contempt towards private investors that could not be further from the attitude of the board of CMET. The company recognises the hugely important role you and other private investors play and your loyal support in some cases for many years. The chairman has been proactive with engagement, including convening a live webcast in November with Q&A. We expect there will be more of these opportunities alongside important milestones as they occur. The company announces updates on RNS in accordance with its regulatory obligations, in consultation with its AIM adviser, as and when events occur which warrant an RNS. While we understand that investors in listed companies want to hear updates as often as possible, it is not always warranted or prudent for a company to provide a blow-by-blow account via RNS of matters which are in motion.There has been a lot of work going on behind the scenes since the last RNS but nothing warranting an RNS yet. The chairman has been in Sri Lanka for several weeks, where he remains, meeting with relevant stakeholders including the GSMB and BOI addressing all steps needed to get the project into construction as soon as possible. As soon as there are updates which are appropriate to be reported on RNS including about offtake - the company will publish them without delay and answer questions about them / hold Q&As etc.Kind regardsBen on behalf of Capital Metals |
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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