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For me, the revenue from the offtake is just proof that there really is revenue/cash to be made by this so maybe the market will sit up and take note.
also, not sure how Russell can add yet as the warrants are at 40p? So, there'll have to be further shares to be had for him to expand his stake... which would then call into question why the sp is as low as it is, with news apparently in the pipe, just waiting. so, is the sp being allowed to drop for a stake build/add?
just questions that stem from your post.
Hey K
Not nit-picking but I think we are at $97 per tonne so nearly 2m
Totally agree re his shares as collateral but don't we need off-take for conditions for this finance to kick in?
Also, I'm sure Russell intends to increase his own holding as soon as he can
Lots of bumps in the road but I'm still holding strong
Russell Fryer did put his own shares up as collateral so when we go into the realms of trust this speaks volumes. Okay SP not where we want it but get the circa $3m from 20k ore sales & come back next year with positive news & hopefully better markets.
That'll teach me to read to the bottom of the article. but, yes, revenue is an issue, which is why the offtake was supposed to be a breakthrough.
have to say, it wouldn't hurt to hear about these things in the pipe, also, though i suppose it tells others who might also be interested?
a lot in this is based on trust and reputation. odd position to be in, trusting the individua and, by inference, the assets!
It’s from the article that you posted Kat. Still all talk though, no sign of any revenue made yet. There’s only so long you can big up yourself and your company before the market smells a rat.
Thanks for the quote, aym... if that's recent then, who am i to argue. must make investors feel more comfortable to 'know' that there are things in the pipe just waiting on the trigger to be pulled.
is that a very recent comment?
thanks for sharing, though.
Kat
We've disagreed on many points but couldn't agree more
RF - “We are working on more projects around DRC and beyond that could be announced now, but we are holding off. In the new year, when the markets have changed and the new year capital flows, you will see a lot of announcements from Critical Metals.”
It'd make the current 12p look like a gift!
can't come soon enough, just to give this a mroe respectable support level.
take the edge off christmas, too! : )
Thanks Kat
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.