The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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
Hi, ninja. if that's correct, then my apologies. i'm embarrassed if these are two separate processing plants as i thought the offtake is with the same company that CRTM are looking to rent and possibly lease.
or are you saying that both plants use the same roads? i admit to being confused, now. but i'll check the rns' again as i've not read this in any posts, anywhere, previously.
appreciate the reply.
Think your 8p is a coin toss. all comes down to whether retailers or new potentials see 9p as cheap enough to take them, being cheaper than the 10p warrants and whether the 5p holders decide there's just not enough reward for having held these for years.
company keep restating that January is the month for reignition of positive news so going to come down to whether there'll be news before the AGM or they're going to want that through before (possibly to push through further fund raises and shares so BoD can participate on these low levels!).
i'd rather be cynically looking forward than the ludicrous 2023 optimism being repeated (at least until there's some justification.)
just don't be surprised if 9p is as cheap as they buys get.
I think you are missing the point Mazza,
The oftake agreement is with a fully operational plant so once the road is fixed sales start.
The other plant that we are looking to rent/buy is the one that needs bringing back in to operation
Looks like my fok at 8p is going to get filled shortly.. Been sitting for awhile for this day to come.. Wish me luck
You missed my point. if the company can post ticket stubs then they can put a statement on twitter that says dd on the plant is going according to expectations with no obvious delays to processing and will be fully operational in time for the ore delivery.. noone wants the presumption that roadworks will progress over the coming weeks for ore delivery only to find the plant has technical problems that push the revenue even further back. having seen how companies like VAST and PREM promise things (and CRTM, come to think of it) it'd be nice to have some real conviction translated into trade buys. atm, the trades, considering how low the sp is, aren't showing many 'bargain hunters' diving in.
The company stated that road upgrades where needed. This will take priority. No point in having great ore grades & lots of it with an all signing & dancing facility on site if the trucks can't get there without reduced usage. Getting exhausted explaining why this is a necessary evil.
While i'd like to think that all the plans laid out by Fryer will come to pass, my real concern is that there have been no dd updates on the plant? considering it seems to have been in diuse or, at best, running at merely at a minimal opational level, the last thing the share price now needs is to find there are issues with the plant.
been months since the rental was announced. but, like the offtake agreement, things can always go south and the only way one proves it isn't is for the postive update to satsify investors.
getting exhausted by the blue sky tweets when the more mundane 'on the ground' issues are almost too boring to the company to be indluged!
It's certainly an unfortunate delay that the road issue is only being addressed now, just at the point that some initial ore delivery was finally due to happen.
The issue did, of course, occur to plenty of people before now. It also occurred to CRTM, as in their own prospectus issued in September 2022 (available here https://www.criticalmetals.co.uk/investors/corporate-documents), they have this helpful section on page 15 -
"The Molulu Project is approximately 100 km north of Lubumbashi City, where the nearest smelters and international airport are located. Although the route to Lubumbashi City is mainly on the N1 tarred road, the last 20km are on a dirt road. Although the Company plans to fund the upgrading of about 12km of this road, until this takes place, there is a risk of difficulties getting to the Project and/or trucking minerals produced from the Project for processing as in the rainy season the dirt roads can become treacherous. If such difficulties were encountered, it is likely to negatively affect the Project’s revenues which in turn are likely to affect the Company’s return from the Project."
The same document also states that £276,000 of the funds raised in the placing were to be used for "Ancillary capital expenditure, including road rehabilitation" within the first 12 months.
It just seems not to have been addressed until the very point that it's needed.
Can't find the details but was the plant mothballed and inoperative but being resurrected by CRTM?
or is it a working plant?
confused as to who owns the trucks and aren't they constantly in operation, using the same roads that are crumbling away, even as we speak?
just find it odd that over many meets with various potential ore buyers and with offtake agreed it's never occurred to anyone until ore deliveries 'started' that this issue became apparent?
there are times when i wonder whether the offtake was just a misdirect, in much the same way as the Jan/Feb '23 'we are stockpiling' rns that then wasn't because it was' safer to leave it in the ground' story came along later?
while i appreciate that permits and dd and funding and all the other etceteras have happened over 2023 little seems to have been actually achieved yet that proves there's revenue coming.
as a success story for the future i wish i'd bought into a company (at whatever price) as a revenue generator than wanting to be in at the off and benefitting from every penny made, especially as the delays push that point further into the future and the sp further down towards the 5p warrant price.
who'd have believed that so much positivity from the 25p buys and 40p warrants talk would see the sp struggling to hold 10p!
better days can't come quick enough (but dismayed to see more pics of ticket stubs instead of roadworks or even the dd being conducted tweeted).
Man, this is painful to watch……. legalised robbery.
The risk is ever increasing mousey..
These are testing times..
https://www.nytimes.com/2023/12/17/world/africa/democratic-republic-of-congo-elections.html