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The JORC isn't coming Q1, I'd put my house on it.
BUT there is a lot of things to look forward too.
At least there's the JORC report to look forward to.
Two recent RNS announcements have said it'll be released in Q1 2024, so that'll give some excitement within the next two and half weeks.
The problem is they don't understand & want to understand, however in this arena there are times we simply can't know all things due to market regulations, would jeopardise on going discussions/negotiations etc.
I do know what is very obvious.. Your attempt at highlighting the negatives here..i may add constantly every other day.. You know all too well what's happening.. We are awaiting notification any day now on the start of roadworks commencing..the funds have discussed and finalised with the contractor otherwise he wouldn't be waiting for them to start now would he sunshine😎
Don't think there's anything 'obvious' about anything with CRTM atm:
no news on DD on Kastro
no news on drilling commencing or roadworks (even though the Jan placing was for both
£215k patently not enough to resurface 28km of road and drilling.
though he says offtake is still in place, it specfically said to end of dec. so, imo, that contract is null and void.
i don't really understand the silence or why there's not twitter to boost the sp? a couple of pics of roadworks would probably add 20% so only reason NOT to is either a fundraise which he'll paricipate in and so would like it as low as possible OR he's decided o keep his counsel, which is unlikely, considering he's previously tweeted like a teen girl getting her first date!
it's all a bit bemusing, really, considering we're now close to mid March!
Obviously he's not chosen to go down the placing route I imagine given the time frame.. And there would of probably have seen a spike😏
That trade yesterday looked like a transfer
Looks like someone has confidence in the new appointment. Nearly a million shares sold for pittance.
Ffs, it'd be quicker to use the ore to regravel the road and do it outselves! how can it be so difficult to either get a placing done, with the assets being 'so valuable' and unlocking them finally to create revnue or just to give an update to tell u what's what, good or bad!"
That's the problem CGO is tainted with retail investors & any association with CGO raises eyebrows & not necessarily for the right reasons. However CRTM are not CGO, different product, different country etc. I'm not suggesting for a minute that the new appointee has done anything wrong at CGO far from it (must be clear on that) but with same token one must use ones eyes & brain and see+say CGO have under delivered & under performed for a very long time to the detriment of shareholders & the lack of sales or ability to sell their product is definitely hurting them. I see no issues with sales at CRTM but the association of CGO doesn't make me feel as positive as RF in his statement at end of rns. I am still long on CRTM so will see how it plays out. Good luck all.
Been months of nothing in the buys column except mm's pinning a high price for the sake of it but, at least, some retailer or other has gone in properly.
hope it's the first of many (which, fairly sure it would be if/when we get clarity on the road).
Not a great look, coming from CGO. still, better than ceo juggling everything himself. plus he only joined CGO last year so slightly less tainted than rest of BoD.
not so sure about the 'having delivered ore to the market previously' line, as it was so negligible as to not counted as revenue. atm, we still only have company's word that they have viable sales and if any more obstacles get put in the way of that delivery date finally coming good i'll suspect somehting on a par with CGO!
Great RNS one can hold the wheelbarrow now while the other shovels the hardcore ;)
Mixed emotions. I agree RF needs a hand managing the workload as he does too much for one person, so see the addition of a new appointment as a positive. Having been invested in Contango Holdings previously (CGO) I'm not keen on any board members coming from there to CRTM. However that said this conclusion of mine may be unfair on the new appointee & the issues that CGO appear to be having may solely be down to Carl, they may be something bigger that does not involve the new appointee IE it is not part of their remit their. The other positive is that where CGO are struggling to sell their product CRTM are not having delivered ore to the market previously which will recommence once the road upgrade is complete. Let's hope this is a positive appointment which helps CRTM on its journey to mid tier status.
Nice try with that header Kat😂
All the roads lead to Rome..
Building blocks are being put in place with a further strategic outlook..The road will finally have started this week I imagine from what Russell was suggesting from that recent interview.
I presumed financing would have been needed hence the delay but just goes to show what can happen when one presumes too much😕
Frankly, wouldn't mind, if it meant that the wheels were back on the track!
Furthermore, Gordon has already visited the Molulu mine and has an early understanding of the first actions that need to begin in order to maximise its potential."
Actually sell some product I’d of thought.
Smart money is coming here soon..
Next 60 days we should get confirmation of road works finished and ore being transported once again for sales to commence.
Revenue generating company this year!
It does beg the question, if a new road brings more traffic then how do they stop that happening again?
it's really a re-run of Jan/Feb '23 with no news on the several rns' from tail end of last year. so, no update on Kastro (but implied by talk of renovating 28km of road) so no details of cost of upgrade. also, still no idea of cost of roadworks.
on the plus side, if he's punting that interview, presumably they're near to an announcement about funding, if needed (i'm guessing it is) so it's just where does the price go in the intervening 2 or 3 months and just how low will they fundraise?
in the wings until that news is released before adding.
So hang on.......the road was rehabilitated a year ago, but was so good, it attracted much more local traffic and they "tore apart" the road ?
Really ? So the road was ready and able to take 250 journeys each month by 40 tonne trucks (for the 10,000 tonnes of ore each month), but the extra "local traffic" tore it apart. The local traffic in Molulu must be something else.
And now there are a "few thousands tonnes" of ore ready to sell. There were 6,500 tonnes ready in June 2023. Perhaps a few thousand could mean 6,500, but regardless of that, it's confirmation that no extraction has been done since June 2023. I guess those 51 people employed at Molulu are working on an amazing logistics plan on how to move 10,000 tonnes of ore each month.
So road upgrade last year attracted more local footprint hence it's detoriation. Hopefully they upgrade this year fixes the road for the long term whilst allowing the higher footprint. At this moment in time every depends upon this. If you try fix it to last a year or two you will just end up paying more over the longer term imo.
Felt like a repeat of last year, except he does confirm that there's 28km of road needs fizing. also said 60 days from start so June for deliveries.
didn't mention a fundraise (but probably not the place to do that!) but no mention of costs for repairs nor any mention of Kastro plant costs for upgrading.
still pivotal on the road start date and how much he was able to hammer down the price but as soon as that issue is dealt with should see some folk avaging down and the price rising... hopefully!
Https://twitter.com/CriticalMetals_/status/1765767506558362070
I'm puzzled if you've just purchased into ceg Kat..
I presume you bought in before the rise?
That said, if we get the funding, could see a quick bounce to higher support.
guess we wait on the fundraise. hopefully it arrives, and soon! a lot of people seriously underwater here...