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CMET Capital Metals Plc

-0.10 (-1.98%)
08 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Capital Metals Plc LSE:CMET London Ordinary Share GB00BMF75608 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.10 -1.98% 4.95 782,066 11:00:25
Bid Price Offer Price High Price Low Price Open Price
4.80 5.10 5.05 4.90 5.05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Uranium-radium-vanadium Ores USD USD -1.14M USD -0.0041 -12.07 13.74M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:48:09 O 370,773 5.2273 GBX

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Date Time Title Posts
08/12/202319:00 CAPITAL METALS420
24/1/202119:08Capital Metals2

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Posted at 10/12/2023 08:20 by Capital Metals Daily Update
Capital Metals Plc is listed in the Uranium-radium-vanadium Ores sector of the London Stock Exchange with ticker CMET. The last closing price for Capital Metals was 5.05p.
Capital Metals currently has 277,621,598 shares in issue. The market capitalisation of Capital Metals is £13,742,269.
Capital Metals has a price to earnings ratio (PE ratio) of -12.07.
This morning CMET shares opened at 5.05p
Posted at 01/12/2023 14:18 by ih_732280
Have a read on the LSE thread for CMET, it answers pretty much all of those questions, as well as the CMET website...
Posted at 06/11/2023 11:32 by cyberbub
It does look quite positive here, however I have two niggles:* The $81M cost of construction is based on the PEA from some time ago, in the real world today that's likely to be substantially higher. Will LB still pay for 100% of it or will CMET be asked to pay for a chunk in the final agreement?* I don't know what "Staged funding as equity" means in the Financing slide? Can anyone clarify? I'm concerned that it means dilution for CMET?
Posted at 25/10/2023 15:07 by cyberbub
The froth has come off, the question is whether there is a good investment underlying CMET? The announcement of the JV says that the Chinese company LB will fund all of the construction costs in return for 50% of the profits going forward, and they will offtake 100% of output at market prices (no discount). I suppose that actually means that LB will get a discount, as they will get 50% of the 'profits' to offset against their purchase price, is that correct?

If there is no construction capex required from CMET, then why would there be a need for a major placing upcoming? Sure they might need another mill or two for working capital to hire a few more people as the construction phase starts, but I don't see that as imminent, in 5-6 months maybe. The headcount in the company is very small.

The market cap at the moment at 2.5p is £7M m or so, that doesn't strike me as excessive. I'm keeping an eye out for this company. They need to complete the JV by Xmas. Alternatively LB might simply offer 12-15p to buy the company outright? That would be good value for the Chinese company I would think, at 15p the market cap would be under $60M for a project that is already planned to deliver substantial amounts of high grade sands, and could be significantly expanded in years to come.

First cashflow in Spring 2025 if all goes to plan?

Posted at 20/10/2023 07:50 by pwhite73
roughandtumbleone - "This is when the market is irrational. Yesterday buys at 4.99 ahead of licence news and tomorrow’s court hearing … today licence news is positive and puts the company back on track and now the shareprice has swung from 19 percent up to now in the red!!!"

The market is not irrational. The market operates on asymmetrical information. The markets anticipated the company would retrieve its licences so the markets attention has now turned to funding. I warned you a while back the MM were forward dumping the next placing this is why the shares are tanking on news that should have put a 50% premium on the share price.
Posted at 18/10/2023 07:01 by 1mb
Share price Dec 22 was ~5p on suspension of the subsidiary license.
Posted at 17/10/2023 13:11 by roughandtumbleone
So for anyone too lazy to listen to the interview, to summarise, the appeal and investigation into the Environmental Minister was heard two weeks ago of which it's clear the decision is likely to be ahead of CMET legal action against the Governments Environmental Department which is taking place on the 20th.As stated, the Attorney General wanted CMET to wait for the statutory appeal result which they hoped to released in order to confirm there is no longer a legal claim as the Government want this to go away. If we consider what the MC was before the cancellation... it may give you some food for thought of where this could go.
Posted at 15/10/2023 12:55 by pwhite73
All wonderful figures but it does not alter the fact the markets are interested in your hard cash today not what the NPV is. Ordinary PIs fight on two fronts. The jam tomorrow promises of the company and the machinations of the markets that dilute through the issuance of discount equity.

This is the immediate dilemma ordinary PIs face with CMET irrespective of any news on the reinstatement of licences. The last placing price was 1p YES 1p. What is the new placing price? Be careful.
Posted at 13/10/2023 17:51 by bmwman3
Capital Metals cheered on the misfortunes of Sri Lanka's sacked environment minister Naseer Ahamed, who had his party expulsion upheld by the Sri Lankan Supreme Court this week.Ahamed's sacking had something to do with a 2021 budget vote, which was of no consequence for Capital. All that mattered for executive chairman Greg Martyr was the departure of a "major impediment" to the mine developer's progress in Sri Lanka."This, together with the recently approved change in mineral licensing procedures, which transfers certain responsibilities to the Board of Investment, should bode well for our situation but also more generally for the country as it takes steps to improve governance," said Martyr.Shareholders pounced on this political development, sending Capital Metals to the very top of the AIM movers list this week. It was the culmination of a butterfly effect that started with a Sri Lankan minister controversially voting for a budget in 2021 and resulting in a 140% share price surge for a London-listed mining group two years later.
Posted at 13/10/2023 10:33 by pwhite73
bmwman3 - "Even if there was a placing it wouldn’t matter a jot looking at how undervalued this share price is"

The markets don't concern itself with how overvalued or undervalued a share price is, that's the business of shareholders. The market is interested in only one thing your cash today. The last placing was at 1p and although the share price has risen substantially the volume of trading doesn't justify another placing at a share price much higher. Be careful
Posted at 10/10/2023 15:44 by bozzy_s
Just to keep score, firestarter1 (Filtered) I'm assuming called this short at 4.16pm ... share price 3.15p. Within moments it jumped 30% to 4.10p.

Currently 3.85p. Probably surge to 5p early tomorrow, before profit takers arrive.

Very risky / reckless to short at 3.15p at that time of day, if that's what he/she did.
Capital Metals share price data is direct from the London Stock Exchange

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