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The frustration of such a limited free float!
Kat I just liked your post 😱
Agreed with most of what you said and those SP predictions seem fair 👍
Although I'd hope for 40p sooner- subject to delivering 10k per month which could come earlier next year. Or if the Jorc is Vgood. We also don't really know if/what other news he'll release- If all positive I'd say 15p is a little low for this year.
I'll be happy again once we're back in the 20's and fingers crossed for ATH first six months of next
(Alliance News) - Critical Metals PLC on Friday confirmed it will begin to cross-trade on the OTCQB platform operated by OTC Market Group Inc.
The Democratic Republic of Congo-focused mining investor said it will commence trading on the market later today under the ticker symbol CRTMF.
Admission will increase the company's exposure to the US public market without impacting shares trading in London.
"we are excited to build on our reach and profile. Studies show that trading on the OTC by an international company positively effects share liquidity and trading," commented Chief Executive Officer Russell Fryer.
Peronal opinion is that the sp is still finding its feet as a pre-revenue generating company with potential. i just note that, with the added euphoria of an sp that multbagged from IPO price to 32p it got massively overbought on the promises (that repeatedly failed through 2023) and the warrant holders all took advantage of retailer enthusiasm that they were 'partners' in a boutique mining success and trashed the sp as it fell while retailers kept topping up on the rns that might actually come good.
at 4.6 it was obviously too cheap to be true but it took the fundings (plural - still not explained the earlier placing for the road!) and the physical roadworks to realise that the wheels were back on the track.
now, difficult to asses what is fair value for the road completing but, as the 40p warrants are now priced at 10p and we're still promised that the new shares won't be issued until company is satisfied (whatever that price may be and who those investors were) i would guess that 15p would be a good price for resistance or the conversions might be... convered!
after 15p, i figure it'll need actual revenue and the start of profits to get back to last year's 22p and better. but that will take all the predicted events to materialise, without interruption.
then, assuming that 2024 is the run that 2023 should have been, i can see 40p by end of year.
but still lots of hurdles to jump without crashing to the ground.
If you look at earlier presentations you can see there is a cobalt seam that spans the plot in the south and into an unclaimed area. Perhaps once the roads finished and they start shifting product from the pad this is something to consider as no doubt if US and Chinese are approaching him they could purchase nearby and benefit from the infrastructure. Added a few more images from earlier in the week on the road for anyone interested. Appears larger good vehicles already using the road but no indications of what they were there for or ownership (https://www.facebook.com/photo/?fbid=122116316708303398&set=pcb.122116317122303398). Its still about making the mine profitable at the end of the day but small steps forward. I just hope they don't undo the work being done but perhaps helps compact it.
I was wondering when they would start their stepping stones towards the NASDAQ or NYSE. Now they have the OTCQB their are going to be in a better position to understand and achieve the listing standards elsewhere beyond LSE. Wonder how it effects their investor base. The other factor I'm happy is the costs of the process aren't as high as attempts to list on the major exchanges so at least he's not wasting monies with vain attempts and can focus the money on the road and mine.
Critical Metals plc
("Critical Metals" or the "Company")
Admission to OTCQB in the U.S.
Critical Metals plc, a mining company established to acquire mining opportunities in the critical and strategic metals sector, currently developing the Molulu copper cobalt mine ("Molulu") in the Democratic Republic of Congo ("DRC"), is pleased to announce that it has received approval from the OTC Market Group for the Company's ordinary share capital to cross-trade on the OTC Market's OTCQB ("OTCQB") trading platform in the United States of America (the "U.S."). Trading will commence when the market opens later today under the ticker symbol "CRTMF" ("Trading").
The OTCQB platform helps companies to efficiently access the U.S. public market and grow their North American investor base. The OTCQB is specifically for early stage and developing companies, with market standards tailored to the Company's stage of development. Once Trading commences later today, the OTCQB platform will make Critical Metal's shares more widely available to North American investors, whilst having no impact on the Company's ordinary shares trading on the Main Market of the London Stock Exchange ("LSE"). No new ordinary shares will be issued as part of the commencement of cross-trading.
North American investors can find real-time quotes and market information, and access current company news and developments for Critical Metals at www.otcmarkets.com.
Russell Fryer, CEO of Critical Metals, commented: "We are delighted to be listing our shares on the OTCQB alongside our current LSE listing. The OTC is a prestigious market, and with an accessible platform through which U.S., Canada, and Mexico based investors can now engage with our Company, we are excited to build on our reach and profile. Studies show that trading on the OTC by an international company positively effects share liquidity and trading, and with an active development plan to unlock the inherent value of our Molulu project and favourable supply/demand fundamentals, we believe there is strong investor appetite for a company with growth fundamentals like ours."
Nm
Nm
Nm
I average down at 5p so pleased I made that choice- I had told myself I had enough
Agree about Russell focusing on what is important today and getting us to production
However, could there be potential of moving into next door? he did mention the seam running into neighbouring mines 🤔
I saw CRTM was trending as the fifth highest daily gainer on LSE and had to rub my eyes a bit. Presume the traders will sell presuming their gains are done but like with the 5p I feel this is a hold and buy phase IMO until July, jumping before then likely to see them try get back in. I made the error once, for 5 weeks I wont make that mistake again.
I think the open pit comment was to expand to 80-100m potentially after the drilling in the first few weeks of July as they can model the seams and seek to test all 6. The other images shown on the additional finds nearby hopefully allows for additional works but I like the fact the commitment is to prove the 10k tons a month to OM Metals first and not expand until able. First time his over optimism didn't get the better of him from what I've seen.
(i'm only half joking about that... but would b v content if it showed the intention... )
Nm
Agreed, we are not producing a small cap yet but isn't investing about tomorrow? It's still a risk but again that's investing
CEO eluded to joining up seams of high % copper to create an open pit 🤞
I can see a squeeze on the price as even warrant holders must now be wondering how stupid they were to sell just over 5p!
be interesting to see how mms get hold of shares to sell on, without the sp climbing further?
Not so sure how much highe it goes but so few shares around that i imagine they'll not be traded easily. buying could dry up because noone will want to sell them!
I was slightly surprised at the sells this morning and presume either lack of trust or traders who didn't watch the presentation yesterday. They sit now with a hard deadline of 5 weeks until road completion and 5-7 until drilling. The road is 60% complete which leaves them still 40% but at least secondary sources confirm they are doing more than just the odd social media post worth of activity. I am for one happy to hold and buy over the next month as yesterday is the first time Fryer actually appeared focused on the company and not the forever copper price rises which create the horse before the cart scenario which I personally hate but he stayed away from. Shame the presentation ended where it did and I was hoping they agree a redo.
Personally, i don't think of it as any-tier, not until it's got a few months of sales under its belt.
the sp is currently a sing of faith, than facts. but the faith is increasing. completed road will add faith, as will the machinery digging up more ore. but it's sales invoices i'm looking for to push the price over 20 and the more months we have, without hiccups, the higher the price. then drilling results, JORCE and processing plant and the possibilitiy (only!) of US funding steps up the sp and makes the company more legit. but i imagine that takes us into early 2025 and i'll hopefully have a free ride by then, with a trading pot on the side to take advantage of any fluctuations.
but walk before running, eh! let's see 10p next week (but wouldn't object to Friday, if confidence is there.)
'night, all.
I'm now a little confused about what's on the pad but we'll see
He's doing another in 30 days
Personally I'm excited about the Jorc now,
He also said "currently a mid tier mine" why would he say currently if he thought we'd stay mid teir? maybe reading things that aren't there but heres hoping
I can see a few more buys tomorrow and then, again, if the podcast gets completed.
might be a sticking point at 10p but early July isn't a million miles away so like to think there'll be some averaging down and new buyers coming in thinking that 20p is a relatively easy target without any further fukkupery!
and if there's any surprise news along the way, all the better.
oh, and liked the the numbers for extra zones and depth of drilling.
I seem to recall that was about purchasing what was on the pad. I suspect he is reading the forums and I like the fact he put a few of the comments to bed regarding the ore being use on the road. Equally when I saw the timeline slide with no dates I thought "here we go" but at least he locked them in and didn't skirt the issues. I just wish it had continued as clearly some of the forthcoming questions could have given us more insight.
He's said about several investors, inc. chinese and US being inteested but said, last tiem that they weren't offering best price... unless that was about taking a stake in the assets rather than the ore.
Same. i'm actually glad it didn't spike as i'm more comfortable with hol, now. if the price stays this low i'll see about maybe adding on any weakness.
nice one, russell.