Back in March, at the request of a ShareProphets reader, I took a look at Capital Metals (CMET) and noted that although the company and its resource didn’t really appeal to me personally, I could see some potential there if and when it reached production.
Capital Metals (CMET) has been covered in the past on ShareProphets, both positively and negatively, and, on behalf of a reader, Tom Winnifrith asked me to take a look and give my latest thoughts on this Sri Lankan focussed miner. You see, we do read your emails.
Tom Winnifrith commented on Capital Metals (CMET) in yesterday’s bearcast. This is a share I have held, on and off, for the last year. I like the potential, and the valuation appeared unstretched, but yesterday’s placing came as no surprise to me at all. I actioned my hunch back in December and sold 80% of my shares, but is it now a buy?