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You listening Russell?
Keeping sharehold dilution isn't an important issue when there's no money in the coffers and no revenue has been created in 14months!
i'm not impressed by sticking his own shares in as collateral when the company purchased his own stake in Madini and paid for those shares!
i thought it was a bit of a disgrace to extend, yet again, the expiry date of the 5p warrants as it just allowed them to undercut the price constantly, at profit and at retailer's expense.
there's going to have to be, presumably, a placing now and, seeing as they just passed a resolution for such, have to see if retailers will 'benefit' from buying shares or if it'll be another closed shop deal for BoD and interested parties!
it really has been shocking how many rns' have failed to materialise in the wealth that was discussed for many, many months. those 40p warrants were supposed to show the way for the sp and i know a good few who were anticipating 60p+ by christmas and loaded up, as such. to be at 6p is a travesty.
just hope he can swallow his pride, apologise for the year and dig us out of this hole.
Into the realms of being day traded. With this drop looks like news is imminent, obviously going to be bad again. There’s going to be a lot of aggrieved investors here, seems as though Russell is a crook like the rest of them. Live and learn I suppose.
50% upside to January 9.25p funding
only 67m shares in issue
NT to buy
Looks like 5p incoming.. Dear me
Never thought I'd be able to purchase at these prices..
GLA
Way undervalued now
Conclusion (As a shareholder)
We’re in a very difficult time, where the market conditions are poor and there has been an exodus of current shareholders and no new investors to replace them. The delays in cashflow is what has caused this to drop from high of 35p down to 6p today. The story hasn’t changed though, this is a great opportunity to enter into a critical metal sector that IMO is only going to increase YOY. Russell has shown over his career that success is the end goal and with the CEO owning 20% of shares in issue it is imperative it works as he is aligned with us.
The turnaround should be just as quick as the downfall, as soon as the market sees that first cash flow sub £10m MCAP is surely a distant memory, it is how quickly RF can make this come to fruition as we’re currently 12 months behind schedule. Good news could flow imminently – Funding, roadworks commencing, US gov grants, JORC report, DD on plant, restart of offtake agreement, OTCQB American listing, investment from people respected in the field.
IMO – The reward from here for new investors (who have never come across #CRTM) or current patient investors could be life changing. You are essentially benefitting from those selling for being behind schedule. As always DYOR and maybe start here –
https://www.criticalmetals.co.uk/wp-content/uploads/2024/02/AGM-Presentation-2024-Final-Draft-30.01.24.pdf
https://www.youtube.com/watch?v=Baa0m-cfw2M
https://africanreview.com/mining/the-critical-metals-market-all-about-africa
RF has and will continue to keep shareholder dilution to a minimum, was willing to put up his own personal shares as collateral (https://polaris.brighterir.com/public/critical_metals/news/rns/story/x8melow) Has continually said that he wants total issue
RF has and will continue to keep shareholder dilution to a minimum, was willing to put up his own personal shares as collateral (https://polaris.brighterir.com/public/critical_metals/news/rns/story/x8melow) Has continually said that he wants total issue
New Investors – Critical Metals – LSE – #CRTM
52 week High – 30p
52 week Low – 6p
Shares in issue – 67.39m
Current Market Cap - £4.04m
• Production started January 2023
• Stockpiles of current Copper Ore
• Offtake agreement entered – OM Metals - October 2023 (Postponed)
The original off-take agreement
‘As a general guidance for the ore sales price, using an LME copper price of US$8000 and an acid soluble copper grade of 3%, the gross price received for the sale of copper ore would be US$91.20 per tonne.
The Buyer has already taken delivery of the first load of copper ore last week and has a fleet of ten trucks, each with the capacity to transport 40 tonnes of ore.’
The Postponement
After consulting with the management of OM Metals, Critical Metals made the strategic decision now, while the processing plant transaction is under due diligence and before significant deterioration of the road occurs, to further invest in the public road from the Molulu Project during the election and holiday season to ensure reliable ore delivery at anticipated volumes. These road improvements also benefit the local community and form a continuing part of our programme of local stakeholder engagement.
Improvements to the road include additional grading, ground compacting, with a layer of stones to be placed in the areas of water collection and heavy usage. Such improvements include rainwater drainage points.
Once the road is rehabilitated, ore sales to OM Metals can resume and the Company aims to fulfil its off-take contract commitment. It is anticipated that ore sales to OM Metals will restart once the road upgrade is complete. OM Metals has indicated they will purchase as much copper oxide ore as Molulu can produce once the road is ready for the 40-tonne trucks to resume deliveries.
• Production of 10k copper ore / month, simple maths from above (minus transportation) shows the margin that can be achieved.
• Possible purchase of a processing plant, currently undergoing DD.
• Superb drilling results, High-grade copper.
Areas of 29.41%, 14.59%, and 8.88% copper intercepted using XRF.
Advancing diamond drilling campaign in Phases 1, 2, and 4 to establish JORC resource estimation for copper cobalt mineralisation in the area.
• ESG Importance – Building schools, rehabilitation of roads/bridges. This isn’t just keeping the locals/chiefs happy (which is of importance). But would be key in unlocking gov. funding.
Major Shareholders.
Russel Fryer CEO – 19% of shares in issue
Ian Hannam (King of mining?) – 10% of shares in issue
Mark Horrocks – 5% of shares in issue
RF has and will continue to keep shareholder dilution to a minimum, was willing to put up his own personal shares as collateral (https://polaris.brighterir.com/public/critical_metals/news/rns/story/x8melow) Has continually said that he wants total issue
Not surprised, absolute shower of S**t. RF should be embarrassed to call himself a CEO, disgusting.
Here comes the sells!
What don't you understand?
8 isn't a good deal when you look at the charts.. Or do you struggle to understand reading them??
This will drift further south due to the expected
long wait as the road planning and execution are still to be finalised..
Dyor
I put a fill order in for 8p because that is coming close I've moved it to 7p.
Make it make sense, you absolute ******.
Yeah you might be correct..
Thanks
I’d say 6p.
You may remember me stating I had a fok for 8p.. I've considered it wise to cancel this now and reduce to 7p..
Rather the seller was out than they let buyers come in we get some upward trajectory then they start selling again & all momentum is lost. Saw it at UPL 2023 when someone wrecked the book (won't name them).
Absolutely shocking share price, and yet someone keeps on selling.
Sellers back again🙄
Deprophet, If the next RNS is anything other than positive you’ll be filling your order at lower than 8p.
Ninja dude 10 points grfyndor
Again, appreciated. gives me something to chase.
No they are two separate plants in different places, I don’t know the exact location of both plants and they could both need use of the road being repaired which is as far as I know not on our land but nearby