Capital Metals Share Discussion Threads

[jimbomorry] 24/2/2024 12:59

Encouraging. We'd hope he wouldnt spend weeks out there and return empty handed. Perhaps not long to wait now for a very significant rns. Wonder if news will catch us cold or if we'll see rising volume/sp first from leak/inside trading.

[roughandtumbleone] 24/2/2024 10:25

Morning Jimbo.I know everyone dissects emails but for me the part that stated :-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 above says a lot without saying a lot! The fact he added the including the offtake and getting into production is a really good thing. Patience pays.

[jimbomorry] 23/2/2024 12:59

R&T thanks for sharing. This is my second biggest holding. I bought in when the whales got in at around 4.25p. Sad to see this downward drift in the absence of news. Hoping things are going to change positively soon.

[roughandtumbleone] 23/2/2024 11:40

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

[jimbomorry] 23/2/2024 07:52

It'll be someone moving over to HE1. They had a new video out yesterday. Amazing how some shares move up waiting for news and some drift down.

[cyberbub] 23/2/2024 00:37

Looks like the drop was due to the 400k delayed sell from midday, it was then partially bought-up and the share price recovered a bit. So I was correct that there was a large-ish sell being worked.

[cyberbub] 22/2/2024 12:34

Worth adding that 600k is less than £20k at these levels.

[cyberbub] 22/2/2024 12:18

There's still a seller here as I can only sell 100k but can buy 600k without going to NT. Perhaps someone who took part in the 1p placing and is still looking to derisk part of their holding?

[roughandtumbleone] 20/2/2024 23:43

Nicely put and yes I agree with ...Nothing has been updated ... YET.

[jimbomorry] 20/2/2024 19:44

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.

[cyberbub] 20/2/2024 18:18

Some reasonable points there. It's hard to tell what's going on. Assuming that the company haven't told porkers about the resource, it's all there in large and expandable amounts, ready to exploit at low cost and with clear plans for export. Plus the company have raised enough money to last until at least Xmas (including from HNWIs who you assume know what they're doing... although even whales can get it wrong occasionally...) so there is no placing pressure on the share price ..Let's hope Greg is either doing a final rolled-up-sleeves deal with LB, or else he's showing around some new prospective partners...

[gb904150] 20/2/2024 16:53

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.

[roughandtumbleone] 19/2/2024 23:44

Not sure those trades were right today as all for the same denomination and all that the same coincidental time.Now only 2 months ago placees took stock at 4.25 AFTER licences were reinstated and now after they've stated other parties are interested and the exclusivity period with LB had not been extended, the share price is heading for a 40% discount to the placement.The resource is excellent with the best grades and as stated easy to increase the resource as they've only gone down a couple of metres! I want another 100k GBP so time to move some money... news can't be far away

[cyberbub] 15/2/2024 22:34

The Linkedin post was posted several days ago, staying that Greg Martyr was in SL for 2 weeks and engaging in meeting in Colombo and on-site. The post on LSE today was merely pointing out that there were 45 'likes' which is quite a few.

[jimbomorry] 15/2/2024 22:26

We must be on the build up to an rns now. Surprised volume isn't cranking up. There were a few small sales today but could be pi moving over to he1.

[jimbomorry] 15/2/2024 22:17

R&T,

Sorry no, I don't use LinkedIn. It was from a post earlier today on LSE Board south east by Andoman99. If he was celebrating his 70th birthday wouldn't have thought that would have interested LinkedIn, presume it was about cmet but haven't seen myself.

[roughandtumbleone] 15/2/2024 21:40

You got the link...?I'm amazed people are selling at 2.83 when the placees paid 4.25 only in December.

[jimbomorry] 15/2/2024 19:07

This from LSE Board today.

RE: From linkedIn just posted13 Feb 2024 22:36
Quite a lot of congratulations being given to him????? hope its for the ...............................

[seagreen] 15/2/2024 18:17

Hopefully an educated guess but I do not know for sure,

[seagreen] 15/2/2024 18:16

A fair guess negative price action recently of blocks of shares related to the 1p warrants being flogged presumably by the broker who did the placement. The ECM market is so frozen firms are being charged 10 and 10 in some cases I gather, or in english 10% fee plus circa 10% warrrants. Looks like the dumping is over now.

[roughandtumbleone] 15/2/2024 04:18

https://www.newswire.lk/2024/02/07/ministry-of-environment-new-gazette-issued/

[jimbomorry] 08/2/2024 19:30

He's taken centre stage and looks relaxed and confident.

[roughandtumbleone] 08/2/2024 19:11

https://twitter.com/MetalsCapital/status/1755182187677172210?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

[roughandtumbleone] 08/2/2024 18:47

This is on twitter and it states:-"Our Chairman & Country Manager met today with new Director General of mines bureau, where they discussed addressing steps needed to get project into construction ASAP. More meetings planned in SL over 2 weeks including at site"...So I think one can gather they're probably at agreement of terms with a funding and production partner and these meetings are crossing the T's especially as it clearly states ASAP. Maybe discussing Tax breaks and favourable conditions as part of any JV.

[jimbomorry] 08/2/2024 10:12

They've always said approximately 12 months from jv to income. That's fast, realistic too because these are surface or close to surface sands. Excellent short term prospect this now. Just hope they don't fluff their lines at this late stage.