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Not many frustrating traders know the real potential of this stock. This will be realised when this will shoot up to 500%.Only negativity is their their moto and satisfaction. Every positive thing they consider as a ramp.Upsset minded peeps..DYOR.
I don't know... but then neither do you. i'm assuming you thought all the 40p, 10p and 5p warrants would end up being long term, too?
and yet... all i'm saying is i doubt very much that Russell will say what price has to be reached before conversion as it would imply the chance for them to sell. plus, do you really, really think there's no possiblity of the share hitting another problem? you'lve literally had a year of misfires (i won't call it failures but... oh, wait, i just did) in hitting any of the rns statements. that's not trolling, ffs. it's there for all to see, in the price crashing to 4.5p.
and you're now saying that even the ore on the pad isn't for sale??? won't be surprised to now find that the locals dig up the road to sell on the copper!
the one thing i'm sure about is my opinions about the share haven't been bad so far and, in fact, the only drawback to that is being charmed by the lthers who held on to the 'predicted facts' as stated to hold on too long.
thankfully, i'm taking back the losses and, if there's now even a bit of a retrace at 7, will get back to evens even quicker.
i wish you well, seamius, but, considering you've been criticising me for the best part of a year for my criticisms, the company hasn't done ANYTHING that's been predicted. the very idea of a christmas '23 price of 60p is probably still being held onto as a possible!
i'm happy to go toe to toe on company predictions, if you insist, but i don't think, even with all your 'better' knowledge you're doing any better than anyone else and, while i applaud Fryer's speechifying, i still don't hold his optimism sufficient to risk my own cash for the long term.
results are the only thing that counts and there haven't been many good ones to date.
if you can name one single prediction you've held for at least 12months that have come good, then you can criticise me.
if you seriously believe, right now that this will hit £1 then... good luck to you. i'll deal with this as i see fit and i'll try and exploit your euphoria for the share and trade it on that.
that said, i hope we both make money, in spite of what happens.
Put meat on the bones lol
He could always state musings as facts as you do
4.85p warrents, torrent of sales as soon as they're released etc
How do you know they don't intend to stay in for the long term once converted?
Ore on the pad hasn't been touched,Once diggers have finished with the road they can start producing lol
That just goes to show you don't listen or don't actually care about what's said. Ore on the pad is getting used for the road, not sure how much will be left. Production will start again once Jorc and block is sorted for planning to achieve high grades.
Let’s all try to guess whether David6576 has just bought in and is now ramping like mad with no knowledge of the company ?
Hmmmm, I wonder..,,,,
And bin his other aliases.
@JohnnyBe you posted the exact statement on 7+ threads all trying to push people to Serinus Energy. When you spam forums you run the risk of being ejected. Pump and dumped much lately have we?
Short-term 30p + possible conservative guys.£1 long term possible.
I second Katstrangler on this one. I dont find comments such as 'mega European deals' helpful except when evidenced. Your at £1 without realistic road timelines which are needed before the PRODUCT even gets off the pad. As before I am seeing 10k tonnes a month only if those bags (https://www.facebook.com/photo?fbid=122114332292303398&set=pcb.122114333282303398) are high grade and at the top end estimate as such could be broken down over 8 months through to the end of 2025 rain season however thats telling us nothing about whats there. So for those hard of hearing perhaps speak up with the basis of your claims? I see a rise but don't make something from nothing, its the same line I will put to Fryer until he proves the mines viable.
Put some meat on the bones otherwise it just sounds like mindless ramping! 'hearing'??? you honestly expect that others will invest on you 'hearing' something. either put down to details or don't bother posting.
Hearing some mega European deals in final discussions.
I think you're being a tad ridiculous.
there's literally not one rock of copper ore been added to the pad in 15months. it's the same pile of rocks they had when they rns'd it was available for sale in Feb '23. outside of inhouse estimates, there's been nothing confirmed from any drilling and won't until they complete the next drilling which, to my knowledge, hasn't started yet.
you're literally talking like a man who says they're applying for a job but barely has bus fare in his pocket to get to the interview.
the only rise on the horizon atm is the rebound from historical prices and the fomo from existing holders scared they might miss out on averaging down. that, and some traders who figure 10-12 is a safe bet with warrants down-priced from 40 > 10p.
after that the company is going to have to prove up its assets and credentails, regardless of the opper price. and now there are, in effect, 4.85p warrants to be issued (and noone knows at what price it's been agreed to release them) there could easily be a torrent of selling as soon as they ARE released. they're going to be up 100% if the early rise goes according to plan. and, while they confidently talk about acquiring processing plants (we've already seen one rns fall by the wayside with KASTRO, which took 6months to stand down). While it's probably a shoe-in, the renewal of the licence is a very physcal obstacle and even a small chance of it failing is real. it's not as if CRTM are at the vanguard of investing in DRC... there are lots of companies there, in spite of what Russell says. Personally, I won't be holding all my shares running up to that point, in case of a wobble.
if £1 IS realistic, it'll be well into next year before that happens and there'll be lots of opportunities to get in and out and back in again, several times, before that price gets hit.
company has got a lot of work to do to prove it's got the ability to create real revenue. until that road gets complete and they make a few deliveries, i'd be worried about low price warrants as they will be profitable, regardless. there's a good reason for Russell to have repriced his 40p warrants to 10p!
Short of Copper Supply and Demand in Europe have increased massively. Price of copper skyrocketing. Just a reversal starts. This will fly like NCYT done 2p to 1259p during COVID.
I find it interesting that CRTM is improving the route from the N5 alone. It will pass through areas of existing active exploitation licenses, through research permit areas and onto their own exploitation permit small mine. As the arterial roads are in disrepair as shown I will presume they will start improving their own access onto the route and this will benefit PE Buta Sarl, Luanzo Investissements Sarl and STR Mining Sarl etc who doesn't expire until 2041 so in it for the long haul. STR bought 3 large sites restricting going further north possibly due to the route issues. I am wondering at what point STR now push further north from their existing (396 cart vs CRTM 17) and start expanding their own operations. Can CRTM create enough interest and funds to buy the surrounding areas and stop future encroachment or perhaps showing the value down the line could be used to appear attractive to bidders. Either way IF they can prove the site it hopefully bodes well. If Fryer discusses anything beyond hard facts and timelines focused only on production I will be disappointed this week. Enough on the copper prices, and more on the actual business (which needs to monetise it) - https://www.facebook.com/photo/?fbid=122114950946303398&set=a.122114287010303398
Copper price and shares buying demand is supper high as well.
There are roughly 3 groups looking at this:
. existing holders who have bloody miserable averages from believing the rampy talk from Feb '23 onwards, that promised sales and '10k tonnes per month' from the Feb '23 rns about sales starting and now looking to bring their averages right down but waiting for cues from the sp, as they've been v nervous about adding in the 4s for fear of it dropping further
. new investors who look at the rns' from last year and, now that the road is being sorted (and someone stumped up £1.6mill with shares issued at company discretion, rather than cln holders so no undercutting of the sp
. traders and herd who look for rises and jump onboard for the ride.
all of these occur even without notable news as it's based on sentiment, even if folk are suspicious of the facts, as presented.
but the road IS being worked on and the June/July end date is pretty much definite, so ore on the pad will be sold, almost immediately. then only need the diggers to come in (maybe even from the roadworks) and start digging out the next month's ore sales. a second delivery will prove the repeat sales are there. the drilling continues and the test results will come through. if they repeat the onsite estimates, there's another bump. and that bodes well for the JORC.
there may be a couple of hiccups along the way but, outside of some out'n'out bs, the only temp. halt to the price will be whenever the sp reaches whatever has been agreed with the funders as to when they get their 4.85 shares. depending on who they are (if they're, say, the previous premium price investors who sunk in cash at 25p then they must be looking for better than 10p to sell. but, even then, with the limited shares to be issued (they're fixed at 4.85) they'll either be soaked up by market interest in the rising price or they'll be held for the long term.
10p first target, 15p for 1-p warrant holders and then decide on news.
everyone should get to evens, whatever their average, as long as they dare to add more, sub 10p.
Good week after the hive interview. Genuinely feel the more investors that understand the story and look at the copper price will realise the opportunity here.
With more interviews next week and news imminent expect 10p very soon.
Not really. there were 4 x 50k sells plus a few others. all rounded numbers. as soon as they priced the top of the spike everyone held off waiting to see how badly it'd reverse. all that really happened was mms widened the spread... massively.
see what happens on tuesday... might slip a bit or, considering there's only a day to the next podcast/update and a long weekend (if they're working) should be some 'further progress' updates.
all good... and i can still see 10p possible, certainly by end of next week (providing no surprise cln share issues or... coup).
happy BH, everyone.
Very strange trading pattern today.
8am - midday : 2,909,347 shares traded in 81 trades, lots of them round number trades.
midday - 3pm : 21,157 shares traded in 4 trades, no round number trades.
It's not a pre-bank holiday thing, no other share I'm looking at is like this. Very odd.
I don't know what 'major deal' you're hinting at but if you think it'll get back to 20p with all that's happened in the past year without something significant... well. let's just say: get the road done, get the first delivery done, show the machinery for further ore mining, get 5k tonnes done in the second delivery, complete the drill testing, ship off the samples, indicate what the ore processing is and what the cost of the acuisition will be, indicate at what price the cln covnersion will be done, bring in some actual, genuine revenue fora few months to the end of the year then get the JORC done with the kind of grades that the 'home testing' has shown, and you'll see it at 20p. otherwise, it's just herd overbuying that gets it there... not that i have a problem with that!
Expecting reversal back to 20p next coming sessions
To be expected but I'll still be holding long term. I'm not concerned about the short term & happy to ride what ever risks people seem to have thought up wether factual or in their heads.
Https://www.facebook.com/photo/?fbid=122114332292303398&set=pcb.122114333282303398 This is what I was talking about previously in regards what is potentially sat there based on mapping but I am reminded of @katstrangler comment that 10k tonnes a month is wishful thinking, which still fells overly optimistic unless RF is banking on perhaps these bags being viable high grade ore as may convert to his 2-8 month supply of this 10k tonnes in the short term. Still needs a road to convert to financial gains and further work to maintain a supply.
"Only thing Fryer's guilty of is being overly optimistic" ???
I'm happy all the holders are seeing this bounce, but I just can't agree with your subject line. I won't list everything out here, it's all well known, but I have zero trust in anything RF says.
I know many people are expecting a smooth path to regular 10,000 tonne per month ore deliveries once the road is finished. Many people are expecting great expansion at Molulu, US loans, M&A activity (anyone remember the 5 countries, 5 mines plan that RF talked about in 2022 ?), buying a processing plant etc. etc. - I just can't see any of that being in any way smooth.
The only thing that would turn this share from a trade into a long term hold would be trust in the management, and rightly or wrongly, I don't have that.
Fair point. one does what one does. it doesn't hurt to miss out on a rise... it only hurts when you go against your beliefs and buy into something one doesn't believe in and it fails and you end up kicking yourself, whether it's facts or sentiment!
good luck...
You're absolutely right. I know I've missed out but I've never been sentiment driven only fact based reporting hence I posted the images on the road below. Sign of the times I guess, I am perhaps outdated but thorough in my checks where able.