Capital Metals Share Discussion Threads

[dannymaz89] 29/6/2024 12:57

Tg group for anyone who wants ithttps://x.com/theunsophistic2/status/1807020147556647385?s=46&t=4s-AQzZhMmeWz3Ire1AEsA

[dannymaz89] 29/6/2024 09:50

Turned down An $8b mcap company.. got annoyed with an Australian major.. a Sri Lankan gov official lost his job trying to steal the asset12 months of drilling funded, you want to finance us? Fine but we negotiate hard and aren't willing to just give it awayLb could come back with an improved offer ?

[roughandtumbleone] 28/6/2024 14:42

So Spreadex were the two chunky sales yesterday then.

[sos100] 28/6/2024 10:39

Interview with Sheff just come out ,if anyone wants to watch

don't know if CMET is mentioned

[smackeraim] 27/6/2024 20:35

1396217 trade. Cantor Fitz last tr1 ended in 6217

[roughandtumbleone] 27/6/2024 18:32

The trades of 7m and 5m at a 1.45 price also coupled with several 2m and 1m sales could well be Sheffield offloading. That wouldn't be a bad thing as I can't seem them returning to the table given their financial situation and have clearly taken on too much hence the crash in their share price

[bensdad2] 27/6/2024 14:22

Very high turnover today. I wonder if Sheffield Group have in fact been dumping some of their holding. In any event, as soon as the selling stops, this is going to back up above 2p IMV.

[bensdad2] 27/6/2024 14:20

This could be worth a small punt now. It has fallen too far, surely. They may well listen to the market and go back to the option of securing funding. There is no reason that they cannot go back to LB Group, for example.

[sos100] 27/6/2024 08:38

Ameturish to say the least....all these recent interviews and we're back to square one

[cyberbub] 27/6/2024 07:35

Remember Sheffield said the deal was "on hold" so they are intending to come back when their issues are sorted out.I'm not sure you can blame Greg for this, the problems at Thunderbird and the huge drop in Sheffield's share price have only really happened in the last 6 weeks or so. It's very unfortunate :-(

[cyberbub] 26/6/2024 23:11

I doubt very much that Sheffield will offload. They are in an illiquid microcap, you can't just offload 10% unless it's in a block transaction to another large holder or insti. In any case, if Sheffield need what is now less than £1m desperately, then they're in worse shape than most people seem to think they are...

[roughandtumbleone] 26/6/2024 20:46

Going it alone is a risk and as much as they're saying it'll be better for shareholders, there will have to be some compromise/ dilution to get this across the line.It's disappointing that Sheffield have withdrawn. Fortunately they took their 10%. We just need to see they don't need cash urgently and need to offload.

[cyberbub] 26/6/2024 16:43

This is obviously very disappointing. But it's not devastating. The high quality, low cost minerals haven't vanished (and will soon enough be significantly upgraded). The company doesn't need cash, for 18-24 months anyway. And the door is still wide open to Sheffield to come back to resurrect the deal in that timeframe. Or LB might come knocking again...Having said that, clearly it's not going to hit 20-30-40p for some time now.Unless Greg makes a deal with LB or A N Other to just sell the project for 10-12p a share? I don't think that's an unreasonable price, and many shareholders might take that now.I wonder what the Aussie HNW investors will do? Topping up would be a great sign of confidence.I'm holding, and may top up depending how things go.GLA

[smackeraim] 26/6/2024 15:44

Ffs. Am out and just seen lol. Should have known as things were dragging on I suppose .. let's see what they come up with next

[chrisdgb] 26/6/2024 15:24

100% ownership is surely better if it is that good....

[sos100] 26/6/2024 15:23

Greg Martyr, Executive Chairman of Capital Metals, commented:

"Sheffield's decision to place this transaction on hold is a function of its internal issues and not a reflection of the Project. Sheffield's share price has fallen by almost 40% in the past month and it has reported additional costs at Thunderbird meaning it has less capacity to spend cash on growth projects. I am confident that with some key personnel hires, Capital Metals is more than capable of advancing its Project independently, with the benefit of a larger resource being targeted through the imminent drilling programme and a supportive framework in Sri Lanka. The value for shareholders of proceeding independently could, in the Board's opinion, be significantly more rewarding for shareholders."

Bruce Griffin, CEO of Sheffield and Non-Executive Director of Capital Metals, commented:

"In light of our company's commitments at Thunderbird and a challenging stock market environment, we did not consider this an appropriate time to make additional capital commitments outside of Thunderbird. Sheffield's decision has nothing to do with the Project. We remain a supportive shareholder in Capital Metals and are hopeful with time that we can assist with and participate in the growth of the Project."

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will be other options but strange turn of events

[chrisdgb] 26/6/2024 15:23

Thoughts............?

[smackeraim] 24/6/2024 14:09

Looks like someone's stop loss triggered. Come on CMET get an update out

[sos100] 24/6/2024 13:41

someone dumping alot of shares .....

where's the JV update?

[cyberbub] 22/6/2024 16:54

Agreed, Sheffield aren't intending (or expecting) to make a loss :-)

[smackeraim] 20/6/2024 14:49

Tell you what though. If the deal goes ahead, in whatever shape or form.. this is roughly the price Sheff were happy to take 10%., fingers crossed. Sheffield Investment of £1.25 million for 10% of the Company's issued share capital at 3.623p per share.

[smackeraim] 19/6/2024 13:26

dragging on. hopefully something soon CB.

[cyberbub] 18/6/2024 14:35

I spoke too soon, sigh

[cyberbub] 17/6/2024 18:08

Spread narrowing nicely

[theshrimps2002] 07/6/2024 13:58

Price deliberately knocked down. Either to accommodate a buyer or pick up a bunch of cheap shares. I could sell 1mill at 3.7ish at the time