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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
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!