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Russell controls when the 5day VWAP starts. It could start in 6 months!
Trouble is sp could drop everyday until the cln price is known. Those buying the cln are probably selling now to reduce price. If vwap drops to 4 then cln price is 3.6. Hence waiting for prospectus before buying. Long term this will be a good year if objectives met.
Last few months have been tough for us and for Russell but I have to say, first time in a while I'm feeling 100% happy with my investment, obvioulsy I'd have loved not to be at these lows right now but fundementals and end goals remain. Fabulous entry point or chance to average down
Head down and get those targets hit and we'll be back on track soon
Well done Russell
Amateur psychology? Not really buddy just pointing out that anyone who thinks strangling a Kat! is funny isn't really living in the real world.
Nothing I say will change where the SP so spot on well done
I am positive thank you, I understand the risks but also understand the potential benefits
Your amateur psychology, if it keeps you satisfied that you're dealing with this well, is fine by me. but it oesn't change where the sp is and i suspect my transactions with this, even at 4.66 to buy, satsify me more than your are, currently.
but good luck to you.
and be positive!
There's a huge difference between being down on a share and assessing why, assessing the new situation, getting information to assess what your next move is and what you do.
Just because I don't shout about how upset I am doesn't mean I'm not hurting but I try and handle it in a more major manner although you do drive me childless behaviour
I suppose anyone who has the name Katstrangler as their name says it all
I'm angry because the tg constantly hounds out dissenting voices and just encourages each other to over buy. my average is waaaay down compared to some friends in this and it's the 'positivity' that they channeled that makes me angry for losing any moderation within that group.
let's face it, you only have to look at the responses to the posts since oct last year to see the scorn poured on any comments that dared to suggest things here were not as was being pushed by the repeatedly failing rns'.
i hurt for the blind faith in a share that is almost totally controlled by the ceo and who has benefitted tremendously by buying his own assets and transferring them to this company, to progress it. and the retailers, who were hoping to ride the coatails are the ones suffering.
personally, i've traded this down and down and down so my losses relatively large are not as large as if i'd bought totally into the legend.
my 'anger' has always been at the lack of balance from retailer groups who have got stockholm syndrome with this share and now on such large losses as to be unable to extracate themselves.
pick any share that is down 85% from a high and tell me the holders are smiling at the situation.
I haven't sold one share buddy, in fact nearly doubled my holdings over the last 6 months
The ONLY reason Russell reduced the warrants was for personal gain? you really are a goon and obviously have NO sense of business at all
Needs an RNS what the F was this morning?
My optimism took me from 6p to 32 and then back down again, of course it would have been fabulous to sell at the top and I'd be buying back in again now. But I don't have the hindsight/insights you obviously do
You're obviously an angry little man who can't accept you made the wrong decision to buy when YOU did. Happens all the time to many many investors but you really need to look in the mirror mate. NOTHING is a guarantee
So his 40p warrants haven't been rerated to 10p?
he didn't take up the 9.5p placing for the first roadworks repair bill that meant pi's bought into the share and pushed the sp up over 12p beause things were finally back on track?
the share doesn't need 'positive'postings, it needs rns' that hold true to what they say! been waiting for ore sales since Feb '23 rns and now we're looking at August '24 as roadworks now can take between 60-90 days'. So we're now looking at Q3 for first revenue.
'poistive' doesn't push the price up, the end of the clns will do that, along with drilling results that prove the on-site approximate testing is valid and, finally (as i'm assuming the old offtake is now invalid) a new offtake or, at least, delivery to the new plant (or is that just for the in-house processing?).
i'm glad your optimism has kept you going from 32p down to 4.61. i just hope you also sold some along the way so when you decide to add again your average comes down to a manageable low multibagging to finally get into profit!
now, tell me one retailer who doesn't wish they hadn't got caught up in all the guff spoken about £1.60 targets and then over-bought on the oft-repeated 'positivity' of this dead -cert?
Kat @ 10.49
"He doesn't need to participate. He's already rerated his warrants by 75% at no risk. He's still the beneficiary of that placing and the spike he probably sold into."
Let's cut to the chase. Are you certain about what you're saying, or are you just spreading baseless rumours and negativity? If you genuinely believe this nonsense and are still invested, then you're either incredibly naive or just plain foolish. If there's a problem with the CEO's behaviour, why stick around? I would've left ages ago if I believed your ridiculous comments
Fryer fanboy lol
I doubt he'd agree with that, I've had some very honest conversations with him over the last few months. I've been here for 3 years and down but I don't see the point in screaming negative "opinions" on any platform I can. That's just stupid and has no positive effect on potentially getting the SP back up and has only made getting this money together that much more complex
Just assume it was a set amount 1.5 and the extra was the oversubscribed amount.
Anyone have any insight as to why the amount raised was £1,603,600 ?
It seems a very specific, and odd, amount to raise. There must be a reason why it's that specific number.
Been invested since Nov '22. just a bit more cynical than the Fryer fanbois.
so many of the rns' have proven to be flimsy nothings, from Feb '23's 'stockpile now for sale' to 'placing at 9.5p to fund roadworks.
i'm just a retailer nursing a big loss... Fryer is the one playing the share.
Kat
Hindsight answering lol we'd all be billionaires with your skills
Why didn't I win the lottery?
That's because you didn't choose the right numbers 😂
Not bright
Not invested
What does everyone think of the RNS then ?
Shares in issue now going from around 65m up to 100m - hefty dilution.
I'd rather have 100m shares than 65m shares in a company that doesn't exist. Share price is where it is, we need what we need and 4.8p is the bottom so not a huge discount
I'd rather have had the chance to participate in the 9.5p placing that Fryer particpated in that paid for the roadworks, 'the first time'.
Existing/new investors getting CLNs at the lower of 4.8p or a 10% discount - i.e. can't lose. I wonder what the balance is between "Existing" (i.e. Russell and friends) and "New" ? That's a big volume of shares ready to be sold at anything above 4.8p.
Investors can't lose WTF good on'em, without their money we'd be gone so if they sell at profit happy days. Russell hasn't taken part to avoid idiots accusing him of benefiting from a poor SP
He doesn't need to participate. He's already rerated his warrants by 75% at no risk. He's still the beneficiary of that placing and the spike he probably sold into. He still has 7% interest in his loan taken over by CRTM that is dues in October. And he enjoys the benefits of having bought his own stake in Molulu but still owning it, via CRTM.
Road still at least 3 months away.
Road was always 3 months from starting so why make this point ?
Because it was meant to start in January so should now be finished?
JORC pushed further out.
Needed money for Jorc so why is this a surprise?
Not a surpise but the JORC has been stated for months... and months.
Kastro plant now not going ahead at all - WTF was that all about ? No news in 6 months and then all called off.
It was always going to be investigated to establish if it was so would you rather he says O WELL might as well have it as I RNS'd I was looking at it?
I thought the whole point of Kastro was they used 40tonne trucks which required the road upgrade. So, who's taking the ore now, as there's no offtake agreement. And couldn't we have found a buyer with 20k tonne trucks... or wheelbarrows, just to get some revenue?
$100,000 loan taken in September 2023 is being repaid, along with $79,500 in interest !!! 6 month term and 79.5% interest - nice for the beneficiary of that.
Russell wanted that facility gone and it reduced risk down the line
What was the end result of that £100k loan? What did it actually do for CRTM and the sp?
Russell is "delighted" to announce it all though, so it's all good
How about personal responsibility for eff ups?
Money for Road, Jorc, getting ready for production- Likely money for MA's why wouldn't he be delighted?
Because none of it is written in stone... or gravel. if we can't trust the rns' then what is there to trust in, as far as future plans?
The only misery here is that noone can seriously move out of the share as noone wants to take the shares. We're all hostage to the company and most, i imagine, now need a 5 bagger just to get back t
What does everyone think of the RNS then ?
Shares in issue now going from around 65m up to 100m - hefty dilution.
I'd rather have 100m shares than 65m shares in a company that doesn't exist. Share price is where it is, we need what we need and 4.8p is the bottom so not a huge discount
Existing/new investors getting CLNs at the lower of 4.8p or a 10% discount - i.e. can't lose. I wonder what the balance is between "Existing" (i.e. Russell and friends) and "New" ? That's a big volume of shares ready to be sold at anything above 4.8p.
Investors can't lose WTF good on'em, without their money we'd be gone so if they sell at profit happy days. Russell hasn't taken part to avoid idiots accusing him of benefiting from a poor SP
Road still at least 3 months away.
Road was always 3 months from starting so why make this point ?
JORC pushed further out.
Needed money for Jorc so why is this a surprise?
Kastro plant now not going ahead at all - WTF was that all about ? No news in 6 months and then all called off.
It was always going to be investigated to establish if it was so would you rather he says O WELL might as well have it as I RNS'd I was looking at it?
$100,000 loan taken in September 2023 is being repaid, along with $79,500 in interest !!! 6 month term and 79.5% interest - nice for the beneficiary of that.
Russell wanted that facility gone and it reduced risk down the line
Russell is "delighted" to announce it all though, so it's all good
Money for Road, Jorc, getting ready for production- Likely money for MA's why wouldn't he be delighted?
What does everyone think of the RNS then ?
Shares in issue now going from around 65m up to 100m - hefty dilution.
Existing/new investors getting CLNs at the lower of 4.8p or a 10% discount - i.e. can't lose. I wonder what the balance is between "Existing" (i.e. Russell and friends) and "New" ? That's a big volume of shares ready to be sold at anything above 4.8p.
Road still at least 3 months away.
JORC pushed further out.
Kastro plant now not going ahead at all - WTF was that all about ? No news in 6 months and then all called off.
$100,000 loan taken in September 2023 is being repaid, along with $79,500 in interest !!! 6 month term and 79.5% interest - nice for the beneficiary of that.
Russell is "delighted" to announce it all though, so it's all good.
Pinocchio not give his interview then? Already told too many lies, his nose wouldn’t fit in the studio.
Didn't Frankie and Bennies go tiits up?
well, that's a good omen!
2nd week of April and the road still hasn't started. so, mid - end June before the first delivery... assuming everything is still good with Kastro? have to presume that, if they're fixing the road, specificially for the 40tonne trucks used by Kastro, that that non-binding deal is still on but... as we haven't had an update on six months worth of due diligence...
retailers left having to make assumptions on transactions, financing, completion dates and whether Q3 is going to, finally, be the start of the return to the optimism of Feb 2023.
Give him some slack christ!
I'm going for a forgotten hair appointment or an Eat as much as you like complementary buffet at
Frankie & Bennies!!
So - this InvestorTalk interview, which was originally scheduled for Wed 27th March, was rescheduled to happen today.
Invites were sent, a number of investors logged into the call...............only to be told by the host that Russell had cancelled at the last minute because something had come up.
Of course, things do come up, but on a session that had already been rescheduled, to not be able to give even an hours notice of cancellation. Not a good look.
... as opposed to keeping all the pi's who bought at the same price, without warrants?
why don't they just 'take the opportunity' to buy on the next placing, at 4p and risk their money like everyone else?
at 4p they will certainly average down their 25p buys, just like us retailers!
i just hope the funds aren't going to be raised via 'interested parties' and HNWIs again.
i see SAR arranged a fundraise through WRAP (new one to me) so that existing shareholders could benefit. frankly, i bet noone would care if it was done through PB for £xmillion, sufficient
When a company releases an RNS on 19th Dec saying a JORC report is expected to be released in Q1, and then releases another RNS on 8th Jan saying a JORC report is expected to be released in Q1, it’s reasonable enough to expect a JORC report in Q1.
When a company releases an RNS on 8th Jan announcing a placing raising £215,000 and stating “the proceeds of which will be used for advancing the diamond drilling campaign at Molulu and for the upgrade of the public road to Molulu, as previously announced.”, it’s reasonable to expect the road upgrade to have started nearly 3 months on.
I’d be interested to know where you think all the money has gone that CRTM has raised since inception. There’s a lot of money that has passed through CRTM, and yet even with the most recent raise, there’s still not enough left to fix a road that is critical to the one thing the company is meant to be doing.
what a complete pair of idiots spouting off like they know what happens in the real world
"where’s the q1 revenue as promised ?"
if you don't know then wow- i'm not saying i'm happy about where we are but i know why we are here and i'm not even saying some of it isn't on russell- in fact as ceo it is actually all on russell. but as a half intelligent person i understand things happen
"where’s the q1 jorc report ?"
again wow- you know it needs finishing and that takes money and guess what that takes sales
"do you think it’s a good place to be when the ceo cuts the price of his warrants from 40p to 10p and extends the timeline ? does that not show what’s really happening ?"
why are you focused on russells warrants? what about the likes of hannam and others hat took part in 20-25p raises ? if there's a way to keep them happy while raising cash shouldn't that be done? if russell wants more shares than surely easier to take more at the next raise which i assume will be at far less than 10p- what do you think is really happening? this should be good lol
"there is zero virtue in warrants. they are just rewards for seed money to make investing palatable eraly on. but there's a laspse date for a reason!. to keep extending and reducing their strike price is pretty much theft, relative to a placing"
this statement just takes the prize for a lack of intellect and knowledge and purely aimed at your agenda not the facts of where we are as a company
again- where we are is not great and i'm not happy but let me explain what i think is really happening for you two children
russell needs money for the road- i expect a raise to complete this, russell needs money to complete jorc-i expect (hope) this will be included as it gives us value when completed and why not complete while road repairs are underway?
once road is complete we have 6000 tonnes we can sell which might give us around 800k to a million
i would think there will still be cash requirements to full production and this is where the smart thing to do is reduce warrants to plug that gap and that can' t happen until we treble in price from where we are today so i'm sorry but i can't see that as anything but good from where we sit today.
i'm sure you'll attempt to pick holes in this for your person agends so fill your boots
do i have an agenda? sure do-i'd like this **** show of where we are sorted and why you don't think russell does to is beyond me and spouting crap about a company your meant to be invested only hurts yourselves and other invested so i doubt you can be actual investors of crtm or if you are you're more stupid than i thought