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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.
I am somewhat saddened he lost internet connectivity there. I felt he was for once giving the right information with detail and not fixating on copper prices and schools & community alone. I hope they can capture the questions and report back in an informative manner. A good step forward was happening in my mind then so onward to first few weeks of July for the road completion, drilling and further processing facility assessments.
Of course, the timeline stretches a tad into the distance but there are some short term event points that would indicate added value.
have to see how the fairly closed retail group decie to react to the news and whether they have the cash to average down.
suspect there are companies out there will nearer term revenue generation but, if one accepts that low 20s was a reasonable level, last year, prior to first sales, the shares are cheap, atm, even with the added dilution.
incdentally, i have asked if he has agreed a price point at which first cln shares will be issued. i doubt he'd give that info but asked, anyway...
Prior Report 100m 30% sulphide ore
Additional 4 zones found.
Drilling to start early to mid July (50-60m / 100-110m deep to hit all seams)
Contractors charge fluctuate but Fryer has a good handle
Dec 2024 potential sales - 10K tons a month but intent isn't mine as fast as possible but mine logically
Looked at processing plants (6 checked) and they are under review for their positives/negatives
Fryer giving
It was RF who had said he was using the ore for the road. He said that in a recent interview.
He's just contradicted himself.
If so, i think i'm owed an apology, Seamus!
Are you in listening to Fryer?
Chinese and US seeking to buy the ore off the pad but already in with OM Metals.
1000m drilled, another 1000m needed
Building 3D block Model
Expanded of mineralisation (80-100m open pit potential) - Interesting
Talking about Teachers (local communities) - Done before
Timeline (someone asked him not to be specific) - No dates given on slide (verbalised)
Road complete "first week of July" - GOOD
Focused on Congo and regional
Near term cashflow point (Ore on pad is NOT used on the road)
(i's not... i'm joshing)
Pre-emptive I think. I will give Fryer the benefit of the doubt but like katstrangler says a bit of FOMO kicking in. If he can alleviate concerns today with productive project based narrative then onwards we go but let us see what he has to say.
Surely this rise can't because he's doing another interview 🤔
Like you say, I'll certainly take it if it sticks
I think there's enough fomo and herd traders about to see 10p today... not saying it'll stick but if it gets over that for a spike, i'll take it.
Fryer is a smooth talker and there are plenty in who just want soothing and rampy words. there are also many who have averages that are almost unbelievable, considering how 2023 panned out so won't be surprised to see buyers, as good to trade the sentiment of the crowd as the news, imo.
They mainly use Twitter to post 3008 times since 2018. 5 posts (7th - 23rd May 2024) on the road since declaring it would be complete in 60-90 days (from his interview Fryer stated they commenced 2 weeks earlier so we are circa 17th Jul – 17th Jul. I am not asking every day but that is a long road, and it underpins everything about the faith in the management and viability of the company at present. JORC August would be good to know. With the fudge factor of the start of the rain season 2 months after that there is plenty of time to be positive but I want to know about the how they progress A-B otherwise C is a pointless 3003 semi-irrelevant post discussion on Twitter. @katstrangler 10p based off perhaps clear direction and updates (on the company).
Might get to that 10p price today, after all!
He'd get slated if he posted pictures of the road every day
Pretty sure he said road on course for the end of June or the beginning of July so all good there, JORC August I think. Block plan created mine planning then production (i'd guess the end of the year for decent off-take amounts). If all this goes smoothly we're good and the rest of the news will hopefully be a cherry on top 🤞
I saw their post on EV ("key mineral in EV production, copper, isn't being mined at a strong enough rate to support long-term EV sales goals…”) this morning and the immediate response was "more road updates required". Says it all. What people want to hear isn't being told/shown. If this presentation ignores the key points of contention around the company and instead focuses on the wider implications of copper in markets I am out.
Not so sure CRTM can add more, other than re-emphasising the legend.
i'd suggest any further rises will only come from fomo and lthers averaging down. unless he's going to tease some info about who the new investors are or says they have agreed to conversions at minimum of 20p i don't see what can be added? as long as he doesn't go off on one about US funds or world copper prices, blah, blah, blah.
(honestly, not sure where the 'existing ore on the pad is now being used on the road' fact came from but that flummoxed me!)
still, road gets completed and i'll hopefully get back the paper losses. then be happier to consider the possible profits to come!
I just keep looking over at the PXC AGM tomorrow (11am) which runs within a few hours of CRTM update (2pm) and I am wondering how closely the latter will align their market commentary on copper. Looking at PXC roadmap to date perhaps Marcus Edwards Jones will become more than just a non-exec and start steering his other interests like CRTM using his gained experience, but that's hope over expectation. Busy day tomorrow but hopeful of honesty and clear direction moving forward.
Surely that's the price of guaranteed profits for warrant holders all the way down to 5p? it wasn't lthers who were selling on the slide. at least, not that i could see from the tales of woe and misery throught '23 and '24.
Personally I don't want traders coming in even if it pops up the SP in the short term. Long term holders is my preference get more shares in sticky hands so this move on little volume. Long term holders are there through the good & the bad. Traders first sign of a few bumps leave.
Can't disagree regarding road map- Current SP is a shocker, more shares in circulation (at a very low price) and no off-take yet and most likely 12 months later than RNS'd. with more shares in circulation (at a very low price), no off-take yet, mainly because the road couldn't handle the trucks 😳
However, the ore hasn't gone anywhere and is 35% higher which I'm assuming will negate some of the increased equity longer term.
Next 6 months are critical but I feel we've turned a corner, early this year I was concerned we'd raise the money but those concerns have gone, my focus is now on Road, JORC and production-off-take by Dec/Jan. I'd also expect Russell to have more news
Not great for those who jumped in on higher SP but no start-up is a straight road and I expect everyone to get a good return
I have to disagree unless the traders have visited the mine themselves on this one. The discussion isn't about the 'real potential of this stock' when we're considering the product, which currently has a known market value. That wouldn't be in dispute if producing. What likely frustrates traders is the necessity to rely solely on trust in the Critical Metals people, their actions and their roadmap. The roadmap isn't going as planned but is progressing so lets see what happens this week (Wednesday). Let's see if for once the discussion is on the company and not solely on the commodity. That will likely give traders an indication of how the management is improving and hopefully turning a corner. I've submitted my questions and their answers will dictate how I move beyond the recent buys.