Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Thanks a good read.
Https://www.africanreview.com/mining/the-critical-metals-market-all-about-africa
That said, it makes it more obvious that it's the 5p warrants the culprits of the dropped price.
The US funding was just a distraction from the hard facts of where we currently are. similarly, the social responsibilities, while laudable, doesn't make a good case for the viability of the current assets. obviously, if you have faith in the '2024 mantra' then it's a positive, politically (but wasn't essential until income is rolling in).
one either has to believe that the news is all due before end of year and will be coming in at such a rate as to rerate back up to 20s in the blink of an eye OR the absense of news is going to continue and make end of 2022 the mother of all ramps.
the most immediate issue is the lack of information on the offtake and, for a company that tweets like a teenager, the lack of anything about it. either it's being held back for maximum impact or... it isn't!
horrible position to now be in, making the company a binary choice at the moment, with the market having already made its decision.
i do hope that all the trumpeting of 'the future' will begin the recovering rising incline that proves the company's story is turning to hard fact.
Korriban
I couldn't agree more
This is really disappointing and assume there's an issue with the Off Take which I'm sure is being dealt with, but I'm certainly holding into 2024 and beyond
For me, it's really simple, it has come too far to just fail now, we might need more funds but I'll bet my bottom dollar there's plenty ready to buy on a raise if needed especially at these prices, me included
Someone get the lights on the way out. Good night.
I'd say that, usually, appraches for buyouts are rns'd, even if totally rejected, as it gives a third party estimation of value. obviously, one wouldn't want it announced if the offer was for 5pps but hearing about it in an interview doesn't really legitimise it.
not suggesting it didn't happen but too many details of the companies progress are meely tweets or interview points that carry no real weight.
we have an offtake agreement but (and rare for CRTM) no pics of that actual delivery when previously we've had pics of all manner of incidentals, including pics of 'the kind of trucks that would use the new road!).
there is zero virtue in having held throughout 2023 and watching 65-70% loss of value in the share.
of course, at this level, there's zero point in selling but the rhetoric of holding until... has been very wayward, possibly because of suggested timelines that have drifted horribly. i can only assume that holder felt that news was 'imminent' throughout 2023 otherwise what would have been the point of holding?
expectations in 2023 have held retailers in such reverence that they've have seriously suffered and yet still the mantra of 'great post' for ignoring the past year's performance continues. the lack of reality of the current state has been ridiculous, with holders repeating endless joy at 'what will be' instead of discussing what is.
as i said, little point in selling now, esp. as i suspect 80% of holders aren ow in the red and, as it's 'merely' an horrendous delay in market belief in the true value of the assets, most folk must now be looking for at least a 50% rise to recover their losses. but a bit of reality in discussion groups wouldn't have gone amiss.
Great Post.
Just listened to an interview on YouTube with Russell Fryer (IGUK) 1 month ago where Russell states the company has already been approached by the Chinese for 50% of Molulu yet people have continued to sell. Another company recently (who shall not be named) have had alleged interest from an outside party in the way of a takeover (which I remain dubious about) & that companies SP rocketed (it is worth noting no takeover has happened for said company nor any second bid) I also wonder if the initial bid actually happened. The market may not be convinced just yet regarding CRTM but I always like to think of it like this (Shares are not owned they are leased & so long as the company continue to deliver & execute their plan I continue to hold) The SP may not reflect the plan being executed at present but once the confirmation of ore sales, circa 20M ebitda then the market will have to re rate this. Until then I suspect 12.4p resistance will be broke only so mm's can hoover up weak hands & the liquidity before marking this back up. I continue to hold because the BOD have a plan & to my knowledge they are sticking to this plan so the short term view of SP is of little concern to me.
Even if it comes good in 2024, expecting folk to hold teir nerve until the news comes out, esp. when what good news IS out there seems to be being ignored.
no updates on the offtake even though it's the only revenue to brag on atm.
And yet another fruitful day.
In fact, not sure why the rns wasn't 'we have now delivered 10,000tonnes of ore, as per the offtake agreement, with a second 10,000 tonnes to come, delivering £1.8million by year end, which supports the building, maintaining and supplying of the primary school and which we intend to continue supporting into the future."
now THERE's an rns to lift the sp!
Yes. seems a bit of a pr faux pas NOT to mention the delivery of ore (even suggesting the revenue from that helps with their social responsibilities).
anyone would think they're an ngo!
DOH!
Most bullish statement of the morning goes to #CRTM holders with “Critical Metals also has a near-term commitment to providing educational materials such as pens, pencils, and work notebooks, and school uniforms”
Exactly what you want to hear at 52 week lows
Kat
you are spot on
either we have a mine with a 20 year life span or we don't and we won't know until JORC
i'll take the fact that we've only committed a smallish ammount (and remember they'll take more if WE want to sell it so covered regarding cash flow if plant is delayed) as a hugh possitive that Russell thinks he'll make more money if they wash it thensleves (I think around 40+% net more)and go straight to market from our own plant and why would you start negociations to buy a plant if you didn't think you had the stuff to process ?
why would you invite Gov officals to your mine if it was a duster?
I had a fairly hefty top up at 18 and honestly thought RNS's would have took us well above 20p by now but like you say, looks like market wants more but still happy with it. Obvs would of rather topped up now but whats 1p or so if we get to the levels I think we'll get too
I'm fine, ta. just added at 16.4 so, not a personal loss-gripe. just a general concern for all shareholders that don't have the luxury of waiting for the endgame for value to be realised/maintained.
of course, every shareholder, everywhere can use the 'great! sp is dropping, more for me' but i'm pretty sure that's not the normal expectation. i'd have thought 'wtf!' might also be relevant. but, maybe not.
obviously, i'm a lone voice on this one.
As long as the company is moving forward in the plan drawn out by Russell, the longer the market takes to react the more shares I can buy and therefore more profit when the market does decide to move this.
Different people have different strategies but it constantly sounds like you made the wrong decision for you and you don’t have the patience for this type of situation and would be better off trying your luck with whatever share is on trend and just catching rises where you can.
I keep saying this but contact Russell if you have questions, we are very lucky to have a CEO that will take the time to answer any questions that he can.
But one would have expected a halt to the slide. it's not as if it's just going to suddenly be worth £1.50 without a buyout. it's just a genuine concern that no news is stopping the slide.
i suspect only revenue will do that and, therefore, get some of that ore sold! i mean, that WAS what the rs was about.
Depends on your outlook, a year ago I had 120k shares, I now have over 250k due to the delays and low share price. The company is still moving forward in its plans of revenue building and expansion so I will be better off in the long run hopefully.
I would say that it's 'patience' that has cost investors 50% this year!
The stock market a device to transfer money from those without patience to those with. Zoom out. That's all folks
I'm actually not underwater by much at all as i've been selling on the stalls. i'm thinking more of the groupthink that refuses to comment on the 50% drop this year.
obviously that SHOULD be a golden opportunity to be adding (though i note that there really isn't much averaging dwon going on?) either everyone already in maxxed themselves earlier or...?
my concern is the people who bought into the plan, and Hannan as a draw at 25p, and the putdown of criticisms, like it's a religion. in fact, most of my postings are a reaction to that, than anything else as i'm looking for a discussion about the current state of play and how that can be supported.
eg. the offtake is heralded but no follow ups. stockpiling rns' in Jan but then 'it's safer in the ground'. trucks, bridge, roads, security staff. minimum agreement but 'they will take all that can be delivered but retecence to deliver as 'better to process in-house, as if there's a limited supply.
i can't see anyone doing anything other than breathing a sigh of relief to see 40,000 tonnes delivered by Decemeber, if only for the optics AND £4million in revenue. What is the negative in that?
Either there's enough in the ground to mine for more than a decade or there isn't. would 40,00 tonnes of stockpiled ore put a dent in the resource? would it look great for the sp? would it damage the plan for in-house processing or would the revenue be welcome for future costs?
this isn't a hope for US grants or ii's buying or a JORC. it's just something that is easily achievable, now, as per the rns.
am i really so thick as to misunderstand why that isn't a positive with zero negatives?
who doesn't want an easy rise back to 25p, just sitting there, and with no distraction from the bigger picture?
Kat
It is obvious you are currently underwater as are many and that is always sad and not why we invest
I don't disagree the appetite right now is way lower than most would think after last months RNS's even share talk are suprised as posted today
Maybe we need, JORC, maybe we need actual sales figures, maybe we need plant purchase agreed, maybe we need US grant, maybe we need dual listing here and USA, maybe we need another MA annouced.maybe we need II's buying
All very possible so I'll be holding
If complaining on every board you are on helps buddy, you do you
Why don’t you contact Russell and ask him these questions?
No company is dissuaded from posting 'their story for all to see' due to some critical postings. you think the market listens to anonymous posters over millionaire BoDs? the story is out there... it's just the market want proof that this is going to work? otherwise, what's the explanation?
yes, several rns' of note but the plant rental/acquisition is non-binding atm and the offtake is a month old, with 2 months to go and there's been no further news. i'm very aware of how many pics were posted of bridge being strengthened and the roads being upgraded, even pics of trucks so circumstantial evidence i there but that was now months ago. only two months left, to my understanding, to deliver 20,000 tonnes? not even sure how much is now stockpiled? the full 20,000 tonnes? more? less? if a pic of a chicken is valid tweeting then trucks loaded with ore should be too?
as for the 'going private' sideswipe, that was just a joke about how noone is bothered at the falling sp, with everyone stating they're in for the end result in 2025 or thereabouts and byers and a rising sp are unimportant to the endgame. but at a 50% discount to the start of the year and even 30% off Hannan's price, that takes more than just forehead-slapping and exclamations of '2024!'.
i've been endlessly called out as ignorant about nascent miners at 25p, 22p, 18p and, now 16.6p. but i'm just not seeing an appetite for buying at a 50% discount? why not?
it's a fair comment to wonder where the support is and how existing news will provide that support to peg the price and even make it rise.
enough with the 'you just don't get it' because, at the moment, neither does the market. you're prvileged to be so confident of the turn around. me, i'm not very used to seeing an sp slide without some concern.
Put off CRTM posting their story for all to see