Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Your argument on long term contradicts your F&K @ 8p.
Long term this is either a £100m+ MCAP or zero.
Waiting for 15% to drop MCAP from £6.5m to £5.5m when you are aiming for £100m is neither here nor there. Obviously just spouting nonsense to fit your narrative.
Then why is it dropping if targets are so close..
Along way to go before profits are made..
And there is the geographical risk associated with conflict in this area.
Africa is getting alot more volitile these days with threats of war brewing in more states. haven't you being reading the news?
Risky but rewarding in time hopefully🤞
I wish you zero luck in fulfilling that order. To much near term for it to drop an additional 15% IMO.
Offtake is imminent, processing plant is imminent, JORC is imminent, potential gov grant, lots of ore stockpiled amount TBC. AGM imminent, Hopefully a bit of positive PR and beating the drum from RF leading into the AGM and shortly afterwards.
Shoved a FOK in for 8p wish me luck 🤞
Pillock
go dunk yourself
IPO at 5p in September 2020, current price 9.75p beginning of Jan 2024. A 95% return in 3.4 years. Fund managers, family offices, private equity firms, and unit trusts would love that type of return, dont you think?
As for the rest of your questions, see you at the AGM !
How many current shareholders bought the IPO? Not many I would say. Most are now down by more than 50% at least and your CEO couldn’t give a toss.
Couldn't help myself, just topped up
LSE showing as sell- surprise surprise
The raise is a little disappointing at 9.5p. last raise was at slight premium this one at a discount to enable road upgrades which in turn allows sale of ore which allows the company to further their plan with minimal dilution. Given that was last raise before the above surprised it was at a discount when last raise was at a slight premium. That said many companies have had far worse raises by quite some margin over the last two years, something to take into consideration. Onna final note don't agree RF has done little or nothing for PI's and that 2024,will be like 2023 but respect that is someone's else's opinion. GLA
More money raised for Mr Fryer to spunk up the wall. Has he ever actually delivered on anything he’s promised shareholders? 2024 continues on the same trajectory as 2023, flat.
There are conditions to the $3m draw down
He needs to shift his ore stock pile first
There is a $3m debt facility to draw down.
This company does seem undervalued, but looking at the last results, surely they must be running on fumes in terms of cash?? Is there a placing incoming?
Critical Metals: 9.75p Target 25p Stop Loss 6p
At the start of 2023 shares of Critical Metals (CRTM) were very much on a high, boosted not only by the market’s enthusiasm for its flagship Molulu copper-cobalt project in the Democratic Republic of Congo, but also the dynamism of CEO Russell Fryer. Fast forward to October and the company said it entered into an offtake agreement with OM Metal & Resources SARL, for the sale of at least 20,000 tonnes of copper oxide ore. This month’s operational update underlined that the first ore sales are due by the end of Q1 2024. If you add in the sizzle from the latest 24-drill-hole campaign at Molulu, and the current share price vs 30p plus at the start of the year, CRTM not only seems the wrong price, but this is classic situation which underlines how short term traders have exited, just before the fundamental party is set to begin.
It’s flatlined, break out the defibrillator.
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.