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Vorag
You must had evil devil powers lol
Oh look Seamus, it’s falling upwards this afternoon. Almost as if there’s significant buying pressure after the warrant churn has passed. If only I’d predicted that a couple of days ago I’d look like some genius!
Hey all
Do we know for sure what the sp will be by xmas ? no
Does anyone here have the experience or background that russell and the team have ? no
Does anyone here know how many viable mines in Africa aren't currently producing or what price the would be or how russell intends to fund them ? no
Does anyone know how many producing mines are producing at a fraction of what their capacity could be ? no
No one on this board knows and can only go off past experiences good or bad and assign options here based on that
Personally I've put my trust in Russell and his vision and if I'm right and he does what he has said he will do I'll be made for life if he can't I'll try something else. Personally I don't think i'll be trying something else
Funny how a drop suddenly brings out the I told you so's lol
I first bought here at 10p then it dropped to 6's and the told you so's popped out of the woodwork so I'm expecting they'll disappear again by next week
Well that Uncrossing Trade just confirmed it is Market Meddling - dropped the price down to 18.55 across the afternoon then the UT comes in at 21.80, so it will look like a drop on open tomorrow. The free float must have been minuscule before these warrants came into play and it’s been an excuse to drop it down - loads of odd small trades manipulating the price. Accompanied by a few people crawling out from stones. All means something is definitely afoot to me, and I suspect we will find out soon once enough games have been had and this float is eaten up again by the end of the week.
Your welcome to think exactly as you wish Nate, but that’s how it is. I love an investing company and a spac, but I only buy ever buy in at the ground floor. I’m sure you’ve posted similar views as well about SP in relation to NAV in these types of play, so surprised you don’t seem to agree this has been trading above where it should be pre RTO.
As soon as you start telling it how it is with CRTM you get called a deramper at best! Honestly I’ve got no other motive than trying to make people think twice about entering or topping up at a level where they are more than likely going to end up being underwater very quickly.
I guess it depends on your risk appetite. Decent drop today on the warrant churn. Maybe an MM has got a whiff of something impending, who knows, but the question is whether you are in now at this price or pay a premium after acquisitions and return from suspension. Neither is right or wrong, it just depends on your risk outlook.
Vorag, well when I say add value, its worth understanding what that means for the pi. CRTM cannot add value over and above any other listed company that has no cash flow, the promise of a good story invariably leads to the need for cash which is dilutive. I struggle to believe there are projects available that provide a quick return without many hurdles and the need for financing. So in my view, the idea of tidying up a near producing mine will involve more than giving a ball mill a coat of paint and having a good sweep up, if that were the case, why wouldn't the vendor do the same?
Still, no one knows the future so one to watch over time for me
Super M - I think you’ve hit the nail on the head there buddy. ADDED VALUE. That’s exactly where CRTM fits in. Tidies up a near producing mine for potential purchase by larger mining companies do-term whilst securing the critical metals for the European / US e.v. and power storage markets short term. Specifically the mines that larger players won’t touch directly due to scaling etc.
Sounds like a sensible approach Dave
My take is just because a company is look for a project, doesn't mean share holders (pi's) will get something for nothing.
Anyone thinking a profit generating project is on the table and available for peanuts is just being naive. I'm sure many understand that in order to find one project the buyer will either need to have a lot of cash or be willing to print a lot of shares and of course, add value in some way.
Keep hoping for that dip Dave, nothing quite like the presence of de-ramper's such as yourself to start a week. When others such as yourself have FOMO, it always amazes me the lengths you'll go to to try and negatively influence others. It's sad really. Nobody actually believes you have a holding Dave, it couldn't be anymore glaringly obvious what your motives are and if nothing else its humorous for the 99% that see straight through you.
The dip could well be excised warrants being sold Dave. Cash in the bank to acquire those mines.
Feels like this might be the start of the dip. Bear don’t worry about Iknownuffin - he takes any reasoned argument as an assault for some reason! Congrats on your profit.
I’ve also derisked but left a small holding for a free ride, will be interesting to see how the deal pans out.
It’s not going to be as easy as the CRTM mafia on Twitter and Telegram are making out that’s for sure! Easy money right, buy at any price, they buy a mine, it suspends and comes back at multiples!!!! Haha William the conqueror aka Craig fisher would have everyone believing it’s coming back from suspension with 3 mines and a 25m MCAP lol.
Crazy how people have got swept up in the hype recently and can’t see the wood through the trees, you could pick this up easily for months at 5-10p, fundamentals not changed a bit and now paying over 20.
Time for a splash of water on the face I reckon, still could be a way to go on this one!