The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thought that would get a reaction, love it.
He’s really not a car salesman, you’re an idiot
Single figure’s tomorrow? How I wish I’d never listened to Russell’s positivity, realised now he’s nothing but a car salesman.
I think the company explain why the short delay is necessary. On the bright side OM have already taken ore so it's not like CRTM haven't sold anything proving we have buyers.
Nm
Them grades are mindblowing, the ore is there mined ready to be shipped. It is literally a pile of cash ready for February. Min $1.8m on the 20k (minus expenses) and that is TWO months income.
This is without the processing plant with higher margins.
This deal is essentially worth $10m/year (if hypothetically it run for a year) and we are sitting at a sub £8m MCAP. Make is make sense 😂😂
Small delay for good reasons, and with good reported grades today. £7mcap is silly - this is fill your boots territory ready for an outstanding 2024 - bring it on.
Taken for a ride, more like.
yet more delays! see sub 10?
No chance read the tweets, hold tight the faster the ride
Must agree, another OUTSTANDING week.
Atm, as still unproven, if pi's got 40p warrant price for their holdings, they'd be happy. of course, if that was on the cards then it'd be obvious that there was much more upsde than that.
personally, and short term, i still want to see the update on offtake completion and funding and completion of the rental of the processing plant. that, in itself should push up the sp from what is a miserable level atm.
3 weeks left of Q4 and a lot of news is still outstanding (as opposed to OUTSTANDING!).
finding this 'optional' choice of when to issue news a bit perplexing as it feels manipulative. i trust it's not a deliberate ploy to drop the price to make funding more attractive to whoever but, after 10 week since offtake rns s it's increasingly strange that all we're now getting from the twitter is generic 'copper price is up' messages.
Surely the risk here now is that we get taken out and go private by Russell, Hannam, and Pengilly etc. It’s a real risk in my view. Open to others views?
Great post summerising the current position
Unsure of how or why this opportunity has arisen but to now be able to buy into a copper producing asset with the expected grades of Critical Metals for a sub £10m valuation is absurd.
The CEO has constantly said that shareholder dilution will be at a minimum, he has backed this up by personally putting his shares on the line in the recently announced Non-dillutive £3m funding. The copper is there in the ground, over the months there were 6 potential buyers of the copper ore, this got narrowed down to one as the best option for a short term contract running til the end of the year.
The processing plant lease should be signed imminently and should be up and running by Q124. The JORC report will be die Q124 and quite frankly if what they have tested onsite is anything like the reality then that should be a bumper move for the SP.
Following the report it is widely expected that American gov. funding will arrive all this accelerates CRTM from a small to medium size co.
All the above is just talking about Molulu it is widely known they are looking at other ventures both in the Congo and beyond. The disgruntled ramblings here are of people who believe the story but cannot believe the drop. Buying high 20's into the 30's. I'm one of these people who have followed Critical Metals a lot longer than I wanted but the opportunity for a new investor who have never heard of CRTM before today at 12p in phenomenal.
Warrants at 40p were expected to be exercised this year (now been extended to March). That alone would see a 350% ROI. Ian Hannam 'the king of mining' buying these shares and taking fundraising at 25p+. Market conditions here are shot but the turnaround and opportunity I believe is immense.
11 now looks likely to go.
if there IS news in the pipe it'ss wayward to allow the sp to drop by 70% from the peak to actually match the 10p warrant levels as it's now frightening the pi horses.
they seem to have loaded up around the 20p level, thinking that was the low so even they must be thinking that Russell's plan or conduct is looking a little tarnished. frankly, it's painful to watch and people must now merely be holding being afraid to realise the losses when the mantra is still '2024'.
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