It's still dilution. If CMET have 15% less of the project then CMET shareholders have 15% less upside. |
Cyber,
They've already hinted that the equity part of the funding is likely to come from asset level (15% on offer for a suitable local partner) and the rest that they're seeking is debt.
Regards,
Ed. |
Would be nice, we can all see how good it could be, would be great to take step forwards to that reality.... |
Sneaking up day by day. Maybe Hannam and partners work some magic |
Sizeable buying today. |
Chris,
Interesting developments at Kenmare for sure, they turned down a large bid as it wasn't big enough! Also they say they get demand for their HMS that exceeds their production. So it all bodes well for CMET once they get drilling and to FID. They've only drilled a small part of the resource here too so could also be spectacularly large.
Regards,
Ed. |
moving on the incredible price for the kenmare possible bid...... |
I suspect market want some form of offtake deal to materially push ahead...... |
Agreed guys, good update, the company is finalising the last of the land access permissions with the rig on standby. More importantly due to the fact that they have such a large established resource already they can still move forward with the FID, offtake, financing on the previous Q2 schedule which is very positive as we're not far off Q2 now. Its very positive that Greg and team are also in Sri Lanka at the moment and it all sounds to be getting there.
Regards,
Ed. |
I remember from one of the previous interviews that all landowners had to be spoken with etc so was always going to be a slow process, progress anyway.... |
 Finally an update Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Taprobane Minerals Project* (renamed) in Sri Lanka (the "Project"), is pleased to announce that the Geological Survey and Mines Bureau ("GSMB") has signed an agreement pursuant to which the GSMB will provide technical services in connection with the forthcoming resampling and drilling programme. The Company is finalising the last renewal of land access permissions, with the air core drilling rig and team on standby. The drilling programme aims to increase the Project's resource, and inform ongoing design, engineering and mine planning work, whilst obtaining greater geological confidence in the proposed mining areas. The drilling programme was delayed due to Sri Lanka's elections which resulted in widespread ministerial and senior personnel changes across all departments. The Company does not currently expect any impact to its target of reaching a Final Investment Decision ("FID") in Q2 2025 in order to commence construction, with an expected 9-12-month construction period until first production. |
Blue today. Maybe that was the bottom. Dreadfully quiet from BoD, after all the interviews and hope they were pushing back in Autumn. Disappointing but I continue to smoke the hopium pipe for now |
What a disappointment this share has been. When will there be some news of substance?. Where's the bottom? |
It's been a long wait for any news. Hopefully something soon. one way or another |
Hopefully lots going on in the background regarding project finance..... |
Should be a fascinating year......... |
20 Mining Companies to follow for 2025 Part 1 (A-E) https://total-market-solutions.com/2024/12/20-mining-companies-to-follow-for-2025-part-1-a-e/ |
Half year report should be due soon |
Why do you say they don't have mountains of cash.. they had 3m in March, and the drilling was said, way back before elections, to be a couple hundred thousand maximum. It was a cheap way to add value. Yes they'll need cash eventually.. but let's see what comes of funding discussions first I think. |
Seems a pretty straightforward and honest guy......bring it on |
Smack,
Good interview. they sure are on a promo campaign, here is the webinar from Friday too:
Regards,
Ed. |
https://youtu.be/XA06clVAy-E?si=w531qXqq402qXB7Xinterview |
The plan to sell a chunk of the company (15% was mentioned) to local Sri Lanka investors is a sensible one IMO. Apart from raising some money, it will get some brownie points from the government, give positive PR, and also mean that if the government starts acting funny again, these local investors will be better placed to put the pressure on the politicians. |
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