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Before the ore sales there's the trigger of funding for the road. if it undercuts the current sp but 'promises' eventual ore sales i can see some buying at least back to current levels (which isn't amazing but...)
i hope we don't get some nonsense about limiting dilution of shares by getting another ceo loan that leaves him as prime creditor or gets to convert into more shares at massive discount. would rather see £1million raised from existing holders, underwritten by ceo (if he's keen to participate).
still concerned at the lack of info about the plant (too many times has silence from a 'good' rns resulted in a reversal of the rns) but, considering it's impossible to sell any significant number of shares, just have to hope the funding news comes soon and big enough to clear the way to revenue.
Looks like this road upgrade 2.0 has killed volume here. Hopefully once it is complete volume will pick up with the anticipation of impending ore sales. Until then I've switched off / zoomed out. I do wonder however if the company has considered asking the ore purchaser or potential ore purchasers for the money upfront for the road upgrade which will be paid back with free ore up to the value of the road upgrade cost + a certain % additional ore for free as a sweetener say 5-10% ,(exploring possibilities/example(s)).Maybe the company have this covered already who knows
Cookie1970
Are you short?
Becareful 😉
I think he'll be announcing details of another 4 mines in another 4 countries, to fulfil his promised "5 countries, 5 mines" plan. Each mine will, of course, be cash flow positive within 12 months, as he said he insists on that when evaluating mines.
:-)
Most accept that there's a placing coming as there's been no revenue in 14months. so the only question is how low they raise? could be anything from 8p all the way down to 4p.
there's a reason why noone's buying yet at 6p...
I’ll assume from your now positive posts that you have finally bought into this s***show.
Finished product hopefully..
And more drilling underway..
Very much doubt you'll ever get cheaper than March's valuation again
It’ll be for the big unveiling of the road to nowhere.
Good news comings shortly, otherwise this wouldn't be in the calendar...
_____________________________________________
Join us for an InvestorTalk with Russell Fryer from Critical Metals PLC (LSE: CRTM) from 9-920 AM EST on Wednesday, March 27, 2024
Problems occur with most investments of which are usually unforeseeable..
Get this road built and we are off to the races😎
Only 80% down now. How I wished I’d never listened to RF.
I could buy 150k today no problem.. I didn't though as I expect it to drop some more
At 6p, there's a lot to look forward to as resolution to the road and then the revenue ore delivery and revenue creation will be a relief.
will be annoying as f*** for anyone who bought in the 20s believing 60p+ was being targeted for end of '23 but for new holders or anyone thinking of averaging down, it's the bottom price that one looks to to maximise profit/recover losses.
first statement from @criticalmetals_ (assuming it's going to be positive!) and should see interest in buying start.
don't see much interest atm (unless there's no shares to be had?) but then absence of updates isn't helping.
just waiting on the recovery to start.
Drilling data and information is planned to be inserted into the JORC report which is expected to be released in Q1 2024.
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