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Certainly feels like we are heading back through 6p which surprises me. Enthusiasm likely linked to hard deadlines being met but that will come at the start of July when the road completes. With so many historic issues around CRTM the last few years I don't blame others for waiting for the first concrete milestone as it is in effect the gateway to productivity. Dropping anything else in such as the sample report or other items isn't likely to help as you end up discussing a cart without wheels on which is nice for a while but eventually you just want it to move. The sellers perhaps seeing a closing timeline and risk averse and it is each to their own.
Still slipping. so much for the 10p target on the enthusaism spike!
now wondering if it'll drop below 6p to buy... (thought that last tweet might encourage buying, not selling).
True enough. i'm not aware of any drilling results yet... just the XRT on-site testing which read ridiculously high %s for copper.
but, still, on the basis that most investors who got in over 20p must still have faith that the ore has rates that are significant.
agree without sales receipts one can't tell the value but, considering the share has been trading for 4 years since IPO and hit 32p last year...
I don't think a small delay to the roadworks would be putting anyone off. I think it's more likely that investors don't trust that the revenue will flow easily once the road is finished.
The value of the ore is still a significant unknown - there's no information on the grades that OM Metals have received so far, or what they'll be paying. It's also unknown how much can be produced, both initially and over the medium term.
Fixing the road is obviously a step in the right direction, but without those two variables it's still the same leap of faith it's always been.
People obviously thought the sp got ahead of itself, considering there's still a month to go, as noone seems particularly interested in buying at this price. maybe folk are a bit mistrusting, that there might be a bit of a delay to the end date for the road?
would have thought with the averages that most investors have sub 7p would be a bargain... maybe they're hoping for a better bargain!
Indeed. The volume is exceptionally high considering the trajectory was moving forward.
Could fall through 7p.
If he announced completion early rather than late that'd really be an excellent card to play!
would bring real confidence in the veracity of his statements.
but rounded sells coming in... hope it's 5p warrants and not some cln shares being forward sold with announcement to come!
As an investor I want to know a company is doing what they say. CRTM fell flat the last few years after over promise and under delivery. Showing the progress over blank space is preferable is it not to allow people to gauge if a company is moving from being speculative to functional? I am more inline with your last comment this is a time for people to look back over where they were to now and make an informed decision on the boats current course. What if Fryer springs on us all that they completed early is what I keep wondering. This is only me but when I see actions over talk I feel more confident longterm so SP in the now means nothing except getting something cheap which may go places in the coming months.
Mid point to the road being sorted, i guess.
and, while i'm sure the vid of village roadworks being done is negligible regarding costs i don't know if they should keep drawing attention to it until they're properly on their feet?
cheap comment, possibly, but noted a few terse posts about 'sorting the investors first' comments in the past. sounds like Reform comments, myself!
if there's weakness in the sp this week could be a good opp if people missed the boat, the closer we get to completion.
'afternoon, all. bit disappointed by the lack of buying last week. guess with 4 weeks to go it'll only heat up towards end of June. looking for spare cash in case it dips further (unless the spread gets silly).
gives time for everyone to look elsewhere for a bit of short term profit...
I think everything will be quiet until the road completes. It doesn't benefit CRTM to push anything beyond the road as it stands. I feel that will be the start of the snowball effect in a months time but remains dependent on no slippage to the timeline.
Might see some bored profit taking if there's no news next week with something definitely positive! could be a short term dip...
Everyone seems to be waiting for someone else to buy first and need to see the sp rise before jumping in!
still seems to be a lack of conviction in the future atm... or maybe folk really need that proof first and are happier paying a premium to current sp, on the basis that anything cheaper than historical 20p would still be cheap?
don't get it myself but having bought my own average down from a nosebleed price down to 10.75 i guess i'll have to wait for that news before i get into the blue.
so, another 3 or 4 weeks for something positive to drop!
I didn't upload but from what the chap gave the majority are smaller SUV type vehicles and they just run into the grass verges to give way to the larger vehicles. I think their example was at a particular area that would be prone to erosion from a running stream as opposed surface water runoff but it's a good point. Perhaps like the image for underground cabling (https://x.com/CriticalMetals_/status/1797938241041244286/photo/2) we are seeing during and not post works.
Saw the new video. one thing that i wondered about: the road sits higher than the surround terrain so, as the road looks like impacted hardcore and gravel, what stops erosion on the side, what with it being higher, as there's obviously no kerb, as such.
what if vehicles need to get off the road? how do the edges cope with that, for, for example, vehicles needing to turn around/get back on the road in the opposite direction? won't it be prone to erosion?
So water runoff in the lower road sections was one of my main concerns. When the rain hits as seen in the UK the pooling of water on tarmac can make areas impassable. At least CRTM appear to be thinking long term (https://x.com/CriticalMetals_/status/1798369776110383549) as opposed just flattening the area of rehabilitation for photo opportunities. Positive steps!
I think the issue with the due diligence on the processing plants boils down to efficiency. Most process one or the other but CRTM want both co-located or alternatively the onsite platform to process at least one. If they come out stating they are doing the onsite option thats a longterm project with associated large investments required I expect. I also expect Fryer to try keep to his deadlines now for the very reason that 20p is achievable off the back of the road, positive sample and JORC and he will want the positivity to continue through to the OTCQB and US Investors. If he gets that in place they are then down to the December 2024 start for moving the 10k a month to OM Metals. The machinery they are using on the road when I googled is Mining Contractors Services Congo based in Lubumbashi (LUBUMBASHI - 02, Av Nyanza, Q/Industriel, C/Kampemba) which has a sizeable warehouse and equipment and state "We own equipment that helps us offer an array of services to our customers, from opencast mining, bulk earthworks, road construction, and plant hire. So they have perhaps the other tools for mining which may be leased by CRTM I suspect. I always say do your own research and can IMO (provided the road hits its deadline) see the gradual raise the next 30 days and this FOMO playing its part because if they have those existing sacks on the pad to sell through to Dec 2024 when they expect the mine to selling the 10k a month to OM Metals then the potential bounce back is high IMO. By the start of 2025 all being well CRTM could be what is hoped a profitable company. Whilst there could be many bumps in the proverbial road the framework for success is likely there.
"... would allow 10p warrants to be exercised..."
Risistance currently 8p. seems logical to assume, as we go through June, buying will continue until official announcement/vid of first truck picking up ore for first delivery.
while i doubt 32p will be seen until everything works as hoped for, hard not to believe that the sp will be somewhere in the 15-20p region then.
'course, that also would allow 10 warrants to be exercised and, with no guarantees that cln holders will remain as lthers, and, i assume, Fryer won't divulge in advance at what price the first conversion will have been agreed, have to assume that 20p becomes a very attractive price to convert for both remaining 5p, 10p warrants and the clns. makes me doubt that 20p will be an easy resistance to break.
but (and assuming no curve ball to hamper progress), is 15p realistic by first week of July?
and, if so, are buyers going to hold off until the last minute to buy, having become mistrustful of plans coming together or will there be fomo meaning buys will trickle in from now, at 8p, and see a gradual rise to... that mystery level!?!
He's mentioned several visits to processing plants. while i don't want to get another rns saying 'due diligence' for the next six months, at least pointing out the plan and where the funds would come from to complete (market's v forgetful) and a timeline for it , ie. how many months of delivery only as opposed to processing.
also, some info about drilling results being shipped out would be good and prove that things aren't waiting on the road for the next stage.
also need some info about whether the same machinery used on the road will be used for mining (doubt it but... ) and whether there's moves on leases. speaking of leases, an update on that licence renewal would be desirable as noone wants to get caught out by a potential hiccup there!
that would fill in the gaps between now and then... and, (while doubt we'll get it) i'd love a price for first cln conversion or, at least, some words that imply they're lthers rather than traders looking for easy profits at... for example, 10p. (i mention that as, if i were after wasy profits, 100% before the 10p warrants become worth converting would be nice and safe... and, thinking about it, be quite nice to get an update on just how many warrants at different prices are still out there?
Indeed. This was part of my interest in road updates over copper prices. 1st week of July should be interesting but as Katstrangler pointed out likely frustration of such a limited free float. I will start the count down and hold on for what is hopefully a more productive and financially rewarding rollercoaster compared to what was seen the last year.
I for one thought he was but can't remember where I heard that, Russell pointed out that the cost of transporting it to the road would be ridiculous as they can access what they need far closer.
I thought he was pretty clear on the road timelines and didn't overly bang on about copper prices apart from pointing out that he worked out CRTM revenues on Copper prices of something like $750
He said the road target is 1st week of July
Fryers Presentation last week with InvestorMeet. He said the ore on the pad was not being used for the road much to some peoples beliefs. I saw on here someone mentioned it previously and I thought unless it was widely though he must have read it perhaps on here.
Which call?