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My bad
Revenues would be around 5 million not 10 per month. I didn't take some technical stuff into consideration
I wouldn't want to be called a ramper lol
That'll still do very VERY nicely ;^)
Hopefully-
News on drilling
Confirmation plant will be busy
Potential $10,000,000 revenue per month
High profit margins
Institutional interest
Rerate to above all-time highs
The Cap is delivering so far- Timescales are not always on point but that's business. So far he's delivered/delivering on every point he's said he will
Well done Russell
2 rns' that now show the direction of travel maybe getting into gear, finally, with a move for the sp back to mid 20s, for starters.
to take on processing as well as mining explains why there's been a total lack of ore sales to date. now just using sales to bring in the cash to take over that money printing for themselves.
good to see the rns' flowing into the year end. that Hive inv. tomorrow, with 2,000 potential audience will finally see some new interest and possible new investors wanting in on the story that existing holders have known all year (but didn't see rerateable news). hopefully, time to let it flow!
That looks a better update
Fantastic RNS this morning! I think the message is clear about how big Molulu is.
To be worthwhile buying a processing plant there must be a lot of ore in the ground
8/9 trucks a day doesn't sound outlandish to me. Think he has 6/7 trucks doesn't he ? Not sure how far the trip is but if delivery costs are just £7 per drop I'd say not too far so also assume multiple trips (maybe 2) per working day(Shift) would get us to 15, 000 tonnes per month
Potetial 3 shifts 45k tonnes
I'm not saying that's where we'll be by Xmas but it is certainly a differant way of looking at it.
Isn't it bohercom?
Interesting. It's certainly good to see a sales agreement, but during an interview in June, Russell Fryer had said "6,500 tonnes of copper ore ready to be sold this month”. “Produce minimum of 6,000 tonnes per month, ramp up to 10,000 tonnes per month over the next few months, then potentially up to 15,000 tonnes per month”.
Now, in October, there is a stockpile of 9,000 tonnes - so an increase of 2,500 tonnes over 4 months. It's quite a jump to go from 625 tonnes per month, to 10,000 tonnes per month (as per the long stated target).
The logistics will also be interesting to see 10,000 tonnes per month shifted in 40 tonne trucks - if that target is going to be hit, it's going to get very busy on those roads in and out of Molulu. 250 trucks in and out and needing to be filled each month.
Https://zakstraderscafe.com/interview-russell-fryer-ceo-critical-metals/7856/
Russell shares his interesting and varied 28-year career in the mining and financial sectors. Listen here https://www.allpointswestpod.com/episodes/russell-fryer-ceo-critical-metals-plc
From an idea at a conference to a producing and selling mine in a fraction of the time and cost for market norms
2million ish revenue secured for the next 3 months
I assume he's not committed for longer due to CRTM potential plant purchase to increase net profit
I hope all those pics of infrastructure and employees make sense now to the naysayers :^)
Congratulations Russell, hats off to you sir
20k @ $91.20
Just need 6 more , to get to 120k 😀
Just given someone a change to dump them, daily.
15p coming if they keep it up without some/any news to balance the sells with some buys.
Even the tweets have gone silent which, ironically, gives me more confidence that there might be news 'imminent!. that said, 'imminent' has been ongoing sinc e the first 'ore production started' back in January so can only hope the patience' that the company keep suggesting 'will be rewarded' will be rewarded.
just off that the warrant holders aren't so patienct, considering they have more of an inside track than pi's.
sorry for being so critical of the share and co for many months. not as if it was anything more than being so skittish about tweets instead of rns' but hope it comes good this month.
cheers, all.
I'm guessing it'll depend on the likelihood of 'imminent' news. if thee isn't something in the pipe that would double the sp in short term then it's cash.
odd situation where the equivalent of a closed period wouldn't apply in this instance or would it? If Fryer had clout with the decision of cash or shares would he make that decision maded on what he knows is to come?
surprised that hte rns didn't materialise today... not as if they didn't know this deadline was coming! maybe thery'll tweet about it.
You're correct - the payment was due on or before 1st October 2023. It will be interesting to see whether the company chose to pay in cash or shares, and who in the company made that decision and why.
It'll cap a 12 month period where CRTM have made payments to Russell Fryer of £690,000 (Madini payment 1 of 450k, Madini payment 2 of 200k, and annual salary of 40k), and have had operational revenue of zero.
The accounts due at the end of October might be interesting - I wonder if there will be any news published to coincide with them ?
£200k cash or shares on a 10day vwap.
if this is incorrect, please put me right!
The sp has pretty much lost 50% this year so, meaninful news rather than plaudits for a millionaire staking some of his profits from selling his stake in one company to the company he is now ceo of is more 'positioning', though admit it's not what most ceo's would do.
but it really, really, REALLY needs some actual genuinely accretive news to give back what later holders have lost, albeit on paper.
understand those who are in from the beginning are significantly ahead, financially, but even they must be cursing the fact their profits have halved?
good news can't come soon enough. been a busy but financially hurful year to date.
You can see on the map quite clearly it’s right out on the edge of where the ore body is
not aligned with share holders?
twitter horse**** ?
i'd like to say you can't make this rubbish up, but you just did
what a ****
How do you work that out? RF & BOD are unlike most small caps aligned with shareholders, no free confetti being handed out, shares bought on open market & has just stumped up his own shares as collateral. There's a reason RF opted for non dilutive funding (aligned with shareholders).
problem is rf will walk away from this none the poorer if it goes tits up. shareholders on the other hand will pay the price of believing all his twitter horse ****.
More drill results to come so let's see what comes back. It's shallow yes but where did they drill edge of ore body? Ore body centre? Etc. My take RF is not going to put his own shares up as collateral on a duster.
# I'm no expert lol
Korriban
Nice to see someone talking sense, 3% average is Vgood and like you say cheap to exstract making it very viable.
I'm expert but i'm sure Russell wouldn't of released these results if he wasn't happy with them.
We weren't expecting them and he didn't need to release and I'm sure this is just the start of storey of whats in the ground
Let see whats next ;^)
Grades of CU are not an issue so to say poor grades I suggest you research further. 13% cu the best grades in operation currently in the world are in Australia at 8 point something CU. This is only the first hole & more drilling needs done to prove the ore body up. The shallowness is highlighting fantastic grade ore near surface making it cheaper to extract as opposed to having to drill down 100m for it. Don't get me wrong we would all want it to extend 100m deep but think people have missed this point low cost extraction high value ore to sell or process.