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All I can say in response is that if I felt the way you did no way would I have held this from 20p plus all the way down to 5p. I on the other hand have held because I believe this company will make it & once up & running sells itself. History will judge if I made the right call. No amount of moaning or positive spin will effect SP. All on the company to deliver & my view is hardly the companies fault they repaired the road to such a good standard it attracted a higher local footprint requiring into be further upgraded. I get with that comes additional delays - unforseen costs..
Hold on, chap!
bloody pointless talking about 5year rises when most people bought in post IPO and, barring a cosmic rise based on nothing but 'potential' and ramping, the sp has fallen 80-85% from that high. and don't forget that that fall has been a consistent drop for 14months. whatever you say, that's not 'short term', at least not short term to see that kind of eradication of cash!
if there is more going on with the upgrade then that's for the company to sort out but it doesn't mean the retailers who were practically promised or had indicated £1million ore sales revenue from mid '23 so threw to each other predictions of 60p by eoy '23 and 160p in a couple of years from now should be cheering a 5p level now.
especially as this 'not a case of popping down' hasn't mentioned cost or possible fundraise (nor a start date).
a tweet is a nice tonic but an rns carries more weight so will, presumably, give us all the details to make the assessment!
noone wants to lose money and it's not their fault to taking rns' as factual and adding funds on that bass, only to see those rns' not to materialse as facts!
As per today's tweet it shows it is not just a case of popping down to the local builders merchants ordering a few bags of stones / sand, wheelbarrow & shovel. There is more going into this road upgrade (presumably so it will last long term with higher traffic volume) than meets the eye. Once it is done I hope the ore sales recommence swiftly after as it's getting annoying & boring reading all these negative comments about the CEO, the delays & just about any other negative rumour someone can think of. One bad year & all those good years where SP rose year after year is forgotten. People definitely have a short term outlook in this game & it's no wonder they continue to loose money.
That’s what you get when your CEO lives in cloud cuckoo land.
No argument from me. but i thought i'd let someone else paint the sketchy picture as i get bored of the 'piling on' when i make such statements!
It was stated as 45 days in two different RNS announcements. Then RF said 60 days in the recent interview.
Not a material difference, but it'd make you wonder if there is actually a detailed plan, or if these estimates are still "finger in the air" numbers.
As you say, it is a start, but if I gave my boss the type of update we saw today, he would be saying "So what you're telling me is that you still don't have a plan, because you have a meeting on site today to prepare one. You still don't have everything you need to actually start the project, and you're not even telling me when you will have everything. And this on a project you were meant to have done last year, and then told me would be starting 3 months ago".
I thought he said 60 days to complete but from when? also need clarity on funding and cost half expect they'll be looking for a spike to sell placing shares into (unless they think it's turned?) and announce funding post- commencing.
only a tweet (and we know they're... tweety!) but better than nothing. at least it's generated some interest and a bit of optimism.
So........."preparing the mobilisation plan", "pipes...sourced", "diesel ordered", "ready for mobilisation". Anything actually started then ?
When does the 45 days start ? Or is 60 days ? Is it today, or could it be another month from today by the time those things that are "sourced" and "ordered" are actually delivered ?
Good morning kat.. Hope you read the latest tweet!
Onwards and upwards
The road contractor is on site today, preparing the mobilisation plan for the equipment for the 28 kilometer road upgrade. 36 culvert pipes at 6 meters long now sourced. Dolomite and laterite stones for the all weather, year round road are being located and positioned along the road. The 'low-boy' for the transport of the heavy equipment is ready. 62,314 liters of diesel ordered. Excavator, dozer, dump trucks, grader, roller/compactor, water bowser all ready for mobilisation. OM Metals waiting in the background.
Puzzling why you spend so much time and energy on this stock.. Lots of opportunities out there as everything is at rock bottom prices now.. And yet your still obsessed with this one🤔
But it's no wonder if you've sold at 5 and are expecting a further discount to buy😂🤣
Did you get spiked in ceg ouch..
Well, i guess we're all hoping it inflects and accelerates soon because, arm, it's in a vacuum of news so we'll see what the direction is on the next rns.
You make the most money by having a 1–3-year variant view on a business and buying the stock before the business turns up, inflects, or accelerates.
First, i'm not in CEG.
next, i expect a ceo, when they state in an rns that roads will be repaired starting January and that offtake of 20ktonnes will complete by Dec31 to update when it only becomes apparent that those things aren't happening when people attend the AGM and are told info that the rest of us aren't! what's the point of an rns about offtake when it must be obvious that the road isn't fit for purpose?
the point is that many investors add on information in an rns when they state that 'ore is for sale from jan '23' or that offtake means £1mill reenue by Jan or all the other examples that exist of rns' which failed to deliver and yet which the investors only fund out about when the ceo participates in a discounted placing that also engineers a ramp before hand to sell into!
one can't very well go find the ceo and demand losses back so one rails on bb's. why should anyone just watch money slip away without venting?
similarly, when he states that $500k is required to certain attendees at an AGM then we hear nothing for several weeks, should we all just do nothing?
personally, i sold half my holding y'day at 5.058, as i've done many times in the last 12 months and bougt back lower, in the expectation that the opinions of many retailers, as well as rns', can't all be 'unfortunate' mistakes. and, right now, the build up of expectation if something actually comes good, means there's at least a bagger around, even if one has to wait for June for it to happen.
finally, i know people who sunk more than they should in this one, on the basis that ceo joined in on a telegram group and laid the expectaions of a £1.60 sp for a boutiuqe share with very restircted share volume so that, even at 30p. folk piled in and increasingly did so on the slide for the next 12 months. thats a lot of people hanging on and, presumably, keen to average down as soon as something proves things are back on track. that and the fact the company posts that copper prices are rising and take on a NED (who, admittedly, came from a terrible, terrible company) and implies they see no change in the future, means SHOULD anything come of this share (notwithstanding a possible £500k placing, a ceo loan to company that needs repayment and only 6,5k tonnes stockpiled which means nothing's been added since July) there just MIGHT be the chance to recover all the losses. but i take it all with a pinch of salt and am keen for the ceo to get the gist that he's eff'd up several times and owes those retailers.
i don't have blind faith in any company and have certainly been reproached many times by CRTM holders, all the way from 20p down for my 'negativity'. it's not great to have that reputation but those people won't pay my rent so i'm happy to have my opinions and to keep expressing them until some news comes in that shows this wasn't a clunker of a buy!
You are a very negative individual saying it politely.. I've been reading your history and the observation leads either to a morbid fascination in investing in dogs or you feel let down by your own lack of research and realisation of the risk factor in these markets.. You expect ceo's to be completely transparent and update the market constantly when most of us are short term traders here that will sell on the whiff of a fart 🤣😂😀...
You think it's poor here.. Your in for a shock with that ceg bod🏴☠️🦜
First, it's nice of you to worry about my mental health but i'm very sanguine about my investments. plus, any drop is merely a chance for others (or even me) to buy, as you pointed out yourself.
just noting it in a post doesn't meant to say i'm personally distressed about it, though it'd be a lie to say it's fine. atm, i think there' will be people more concerned that me but i'm pretty sure discussions about the movements all works to help everyone decide on a course of action, even at this level.
saying nothing and pretending all is fine is just denial. and if the conduct of the company to date doesn't give SOME casue for concern then that's a worse place to be, mentally, than my own current state.
(and your 'worry' is really just you hiding your frustration that you're already joined the rest of us in being in the red and displacing that annoyance in my direction.) now, there's the value of a BSc in psych.)
I worry about someone like you,and the mental health issues this could cause with daily frustrations.. Is it really worth the hassle if your so negative all the time .. Or are you like this in most stocks you apparently trade or hold ??
You only get one life after all.
I don't move the markets... i just report what i see from the bid and offer.
and, like i said, without news....
Keep it up kat👍
I've got a big wedge coming available soon 😉
Just bizarre that @criticalmetals_ still happy to push the 'copper at 7month high' without mentioning they said they said they were meant to be selling ore for the past 14months!
You didn't 'comment'... you trash -talked it... but you say you weren't in yet. i'm in, so i have a legitimacy in trash-talking it as most holders bought in based on rns' that patently proved to be... what's the word... inaccurate?
plus, what makes you think i haven't pressed the sell button several times and bought back on the drop? and, as i'm still anticipating a placing (and i seriously doubt the road is being worked on yet... fryer is too keen to show off his credentials) and a dropped price.
now, whether the price immediately jumps up over the current level or we have to wait until sometime in Q2 to see if everything is as it should be... well, that's my gamble on half my holding.
but i think you'll find most 'optimism' is more a fait accomplis. there's such a stagnant market for these shares that fewer than 75k shares can be sold at any time (and often, not even that).
it'll all resolve itself, one way or another. guess we see what happens tomorrow!
Kat.. My opinion hasn't changed.. I commented on share price dropping awhile ago not the long term fundamentals.. If you choose to watch your holdings go down.. fair do's
But surely your in control of the sell button know?
@Anon - No, I don't believe the JORC report will come in Q1 either (I was being slightly sarcastic).
But that's the problem here isn't it ? We've had an RNS on 19th Dec, and another on 8th Jan, both stating that the JORC is expected in Q1 2024. Both RNS are recent, so they weren't trying to predict something that was a very long time away, and yet there are probably very few people who actually believe them.
We might still be being too harsh. There are still two and half weeks left in Q1, so it might happen. Just like the revenue incoming in Q2 2024 might happen.
I to have an average over 20p with tens of thousands invested. Ok that’s my choice, but you invest on what you read and hear. RF needs to stop lying, because that’s what it is and get producing what he promised 18 months ago.
What is BERY amusing is how quickly your 'opinion' turned on this as soon as you bought in!
for the record, while i wasn't in a IPO i HAVE been in since March last year and am honest enough to stte what is the current mood of anyone who's got an everage over 20p.
but you be you and i'll continue being me and seeing a more conservative outlook on the near term.
Would you bet some cheese though 😉
ALAW