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"It astonishes me how people can be so thick they can't see what's really happening or maybe they have their own agenda rather than actually considering the wider optics of a situation
Reduce warrants or do another raise to dilute ALL current shareholders "
So, what does it say when a company does both, including duplicating a placing from only 3 months back and, apparently for the same reasons?
what would warren buffett say about that!
Maybe next time you'll take the great mans advise ;^)
"Warren Buffett once said that it's wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful.” This statement is somewhat of a contrarian view of stock markets that relates directly to the price of an asset. When others are greedy, prices typically boil over and one should be cautious lest they overpay for an asset that subsequently leads to anemic returns. It might present a good value investment opportunity when others are fearful. "
I hope that everything Russell says comes to pass as i've no desire to see anyone out of pocket, least of all, me. so if the actual circumstances change i'd be happy to throw some of my lot into this again but there's an awful lot of trust disappeared, as least from my prospective.
for the rest of you, keep that faith, if you believe, and i hope you get back all the losses and multiples more.
What i know is when somone states a face but omits the rest of the facts: 'we like to be producing about 12months after purchase of the asset' so started producing in Jan '23. really? how much of 10,000 tonnes per month has been sold, then?
he said there's 9,000 tones on the pad (i thought it was 6,500 but benefit of the doubt) then says 3 x 40tonnes were deliver to OM Metals... so 120tonnes!
now will take until... July before ore sales restart. that's not 12months in my book.
didn't say it WAS death spiral... i said clns are invariably place of last resort for funding AND are associated with death spiral financing as the power and control of share dilution with with the clns. if russell has explained how he has control then he should tell every other cln fund receiver because they all, without exception suffer from significant dilution and price drops. i've looked for the explanation of how he has received funds with no disbenefit and i haven't spotted it yet but happy to be proved wrong.
don't recall saying i will sell at 10p... only 10p i recall is the rerate of his warrants from 40p? why would he do that? why not get all the warrant holders to buy shares at 5p to receive the funds when needed rather than waiting for the sp to be a wishful 20+ before throwing in their support? still dilution but the money is needed now not at 20p (or just leave them at 40p or isn't there confidence that it'll get to that price?)
those 40p warrants 'persuaded' retailers that 40p would be blown past, easily. now it's 10p. bit of sleight of hand, i'd say, and now 10p is being dangled in the same way 40p was!
finally, my money is/has been tied up in this, primarily based on 'promises' made by the release of rns'. why shouldn't i rail against the share price and the conduct of the company for failing to deliver on several of the promises made by their rns' or their failure to rpomptly report on progress. did it really need to take 6months to report on Kastro?
why isn't it concerning that the company raises funds twice for the same drilling and roadworks, without being called out for it? i notice it's never been explained and just merely forgotten... was it because the ceo benefitted from it directly?
Roadworks were meant to start in January and take 45 days and company had already been appointed. it also said that only 'part' of the funding was for roadworks. then it turns into roughly 10x that???
you should all stop being sheep and raise some concerns over the treatment of your investments as the last 15months have been nothing short of incompetent... or is that how you expected the company to be run throughout 2023? in which case, why did YOU stay in and not just wait for the 4p price?
i'd say every investor, barring those that enjoyed the 5 and 10p warrants and their extensions have been made to look like complete idiots for trusting the rns' to be factual.
You talk like you know what you're saying is a fact but it is completely ill-informed dross mate and you also contradict yourself which makes you look like a complete idiot
You talk about final gasps to try and get funding and how the CLN deal is a death spiral (which Russell has explained in depth as to why this one is very different with a really small number of trusted participants yet still oversubscribed) on one line and then say you'll wait for 10p to sell which is a full 100% rise from here
If you believe you're own BS you'd be cutting your losses and selling now
Maybe we could all chip in and make up the difference to get your constant ill-educated comments off here
Although, there is talk of more photos happening soon so you'd miss the chance to knock them if you left lol
The drilling costs and whatever deposit was needed for roadworks, was already accounted for in the 9.5p placing. this money is for the unconfirmed remainder plus a bit of 'somethin; somethin' for... ???
I have never, EVER heard anyone say they have 'control' over clns. there's a reason why general opinion is that it's the last port of call for funding.
if he has this control he needs to explain what that means beause i don't see any funder saying 'here's my money... i'll wait until the sp is at 10p before i can get my shares'!
if he's saying he 'has control' over just how much of the funds he decides to take, over a period of time, then that's no different, from what i can see, over any other funding proposal.
personally, i'd have rather seen all those 10p warrant holders decide to buy those warranted shares at 5p and get 'the bargain' that pi's have to buy to average down.
why wouldn't that have been a more amicable route to finance?
"There is no way the cln buyers are going to part with cash until they know that the shares are available. It would be business suicide to do otherwise"
I'm pretty sure cash is in the bank, road engineers deposit made and $10k sent for US listing, drilling starts soon
Is that it Kat??
You told me you had a stormer that would surely drop the price and sentiment..
You've been expelled from our fryer4thefire group indefinitely!
"i can see this falling to 4p or... depending on how the clns work."
Typical- plenty of information out there, if you took a minute to stop being a spoiled little boy and crying on every channel you can and take some time to ACTUALLY do some some research you might learn something
This interview is the same interview that has been churned out since mid '23. the only difference is there's now a £500k commitment to a state civic infrastructure project that costs approx 15% of mcap AND is tied to a cln (no idea where ceo thinks he can dictate when the shares can be issued... new one on me!). at least 10 weeks before theres a hope for revenue (and doesn't the offtake require another rns to be issued as i don't recall anything other than a end date for delivery, last time?)
i can see this falling to 4p or... depending on how the clns work...
with a bit of luck might see HNWIs going for shares around 4p (what with it being only 15% of the price they paid at 25p) but, really, what has changed over 12 months?
Https://zakstraderscafe.com/interview-russell-fryer-ceo-critical-metals-2/9129/
Strong disconnect between the SP and what the company is currently offering. In a stronger position now than in the Autumn when the SP was late teens.
400% upside in a short space of time here with a much larger upside when production gets restarted.
There is no way the cln buyers are going to part with cash until they know that the shares are available. It would be business suicide to do otherwise
Russell controls when the 5day VWAP starts. It could start in 6 months!
Trouble is sp could drop everyday until the cln price is known. Those buying the cln are probably selling now to reduce price. If vwap drops to 4 then cln price is 3.6. Hence waiting for prospectus before buying. Long term this will be a good year if objectives met.
Last few months have been tough for us and for Russell but I have to say, first time in a while I'm feeling 100% happy with my investment, obvioulsy I'd have loved not to be at these lows right now but fundementals and end goals remain. Fabulous entry point or chance to average down
Head down and get those targets hit and we'll be back on track soon
Well done Russell
Amateur psychology? Not really buddy just pointing out that anyone who thinks strangling a Kat! is funny isn't really living in the real world.
Nothing I say will change where the SP so spot on well done
I am positive thank you, I understand the risks but also understand the potential benefits
Your amateur psychology, if it keeps you satisfied that you're dealing with this well, is fine by me. but it oesn't change where the sp is and i suspect my transactions with this, even at 4.66 to buy, satsify me more than your are, currently.
but good luck to you.
and be positive!
There's a huge difference between being down on a share and assessing why, assessing the new situation, getting information to assess what your next move is and what you do.
Just because I don't shout about how upset I am doesn't mean I'm not hurting but I try and handle it in a more major manner although you do drive me childless behaviour
I suppose anyone who has the name Katstrangler as their name says it all
I'm angry because the tg constantly hounds out dissenting voices and just encourages each other to over buy. my average is waaaay down compared to some friends in this and it's the 'positivity' that they channeled that makes me angry for losing any moderation within that group.
let's face it, you only have to look at the responses to the posts since oct last year to see the scorn poured on any comments that dared to suggest things here were not as was being pushed by the repeatedly failing rns'.
i hurt for the blind faith in a share that is almost totally controlled by the ceo and who has benefitted tremendously by buying his own assets and transferring them to this company, to progress it. and the retailers, who were hoping to ride the coatails are the ones suffering.
personally, i've traded this down and down and down so my losses relatively large are not as large as if i'd bought totally into the legend.
my 'anger' has always been at the lack of balance from retailer groups who have got stockholm syndrome with this share and now on such large losses as to be unable to extracate themselves.
pick any share that is down 85% from a high and tell me the holders are smiling at the situation.
I haven't sold one share buddy, in fact nearly doubled my holdings over the last 6 months
The ONLY reason Russell reduced the warrants was for personal gain? you really are a goon and obviously have NO sense of business at all
Needs an RNS what the F was this morning?
My optimism took me from 6p to 32 and then back down again, of course it would have been fabulous to sell at the top and I'd be buying back in again now. But I don't have the hindsight/insights you obviously do
You're obviously an angry little man who can't accept you made the wrong decision to buy when YOU did. Happens all the time to many many investors but you really need to look in the mirror mate. NOTHING is a guarantee
So his 40p warrants haven't been rerated to 10p?
he didn't take up the 9.5p placing for the first roadworks repair bill that meant pi's bought into the share and pushed the sp up over 12p beause things were finally back on track?
the share doesn't need 'positive'postings, it needs rns' that hold true to what they say! been waiting for ore sales since Feb '23 rns and now we're looking at August '24 as roadworks now can take between 60-90 days'. So we're now looking at Q3 for first revenue.
'poistive' doesn't push the price up, the end of the clns will do that, along with drilling results that prove the on-site approximate testing is valid and, finally (as i'm assuming the old offtake is now invalid) a new offtake or, at least, delivery to the new plant (or is that just for the in-house processing?).
i'm glad your optimism has kept you going from 32p down to 4.61. i just hope you also sold some along the way so when you decide to add again your average comes down to a manageable low multibagging to finally get into profit!
now, tell me one retailer who doesn't wish they hadn't got caught up in all the guff spoken about £1.60 targets and then over-bought on the oft-repeated 'positivity' of this dead -cert?
Kat @ 10.49
"He doesn't need to participate. He's already rerated his warrants by 75% at no risk. He's still the beneficiary of that placing and the spike he probably sold into."
Let's cut to the chase. Are you certain about what you're saying, or are you just spreading baseless rumours and negativity? If you genuinely believe this nonsense and are still invested, then you're either incredibly naive or just plain foolish. If there's a problem with the CEO's behaviour, why stick around? I would've left ages ago if I believed your ridiculous comments
Fryer fanboy lol
I doubt he'd agree with that, I've had some very honest conversations with him over the last few months. I've been here for 3 years and down but I don't see the point in screaming negative "opinions" on any platform I can. That's just stupid and has no positive effect on potentially getting the SP back up and has only made getting this money together that much more complex
Just assume it was a set amount 1.5 and the extra was the oversubscribed amount.