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As per today's tweet it shows it is not just a case of popping down to the local builders merchants ordering a few bags of stones / sand, wheelbarrow & shovel. There is more going into this road upgrade (presumably so it will last long term with higher traffic volume) than meets the eye. Once it is done I hope the ore sales recommence swiftly after as it's getting annoying & boring reading all these negative comments about the CEO, the delays & just about any other negative rumour someone can think of. One bad year & all those good years where SP rose year after year is forgotten. People definitely have a short term outlook in this game & it's no wonder they continue to loose money.
Hold on, chap!
bloody pointless talking about 5year rises when most people bought in post IPO and, barring a cosmic rise based on nothing but 'potential' and ramping, the sp has fallen 80-85% from that high. and don't forget that that fall has been a consistent drop for 14months. whatever you say, that's not 'short term', at least not short term to see that kind of eradication of cash!
if there is more going on with the upgrade then that's for the company to sort out but it doesn't mean the retailers who were practically promised or had indicated £1million ore sales revenue from mid '23 so threw to each other predictions of 60p by eoy '23 and 160p in a couple of years from now should be cheering a 5p level now.
especially as this 'not a case of popping down' hasn't mentioned cost or possible fundraise (nor a start date).
a tweet is a nice tonic but an rns carries more weight so will, presumably, give us all the details to make the assessment!
noone wants to lose money and it's not their fault to taking rns' as factual and adding funds on that bass, only to see those rns' not to materialse as facts!
All I can say in response is that if I felt the way you did no way would I have held this from 20p plus all the way down to 5p. I on the other hand have held because I believe this company will make it & once up & running sells itself. History will judge if I made the right call. No amount of moaning or positive spin will effect SP. All on the company to deliver & my view is hardly the companies fault they repaired the road to such a good standard it attracted a higher local footprint requiring into be further upgraded. I get with that comes additional delays - unforseen costs..
First, there's no moral or financial superiority in holding a share in a tailspin, even if one believes it'll come good. surely it's better to hold it at 5p or, possibly, whatever the funding might be, if it materialises.
and, in my opinion, all posts, moaning or otherwise, merely confirm one's own belief and conviction. nothing to do with changing anyone else's opinion. and if they serve to help you to hold or sell or buy then that's as good as it gets.
Why would I sell out for a loss? First rule of investing never loose money 2nd rule don't forget rule number 1
Mazza, all you do is moan and talk negatively about CRTM, u ok hun?
Why would you bother holding or be interested in a share that you have nothing good to say about?
Surely your time and money would be better off elsewhere where you are more comfortable?
Is it not better to question, and be sceptical about, any announcements, rather than just blindly accept them ? Especially given the history here.
Owning CRTM shares isn’t a fan club. It’s a public company. The founders have taken other people’s money for their own use. Everyone is free to offer their opinion.
Pretty much sums up my opinion, too.
thanks, bohercom.
They certainly are but when it gets to a stage where one feels like he commands the stage to do his daily sermon.. He needs pulling aside and reality checking..
Far too many people with agenda's in these rooms..
Again you have to ask yourself why dedicate time and money in a stock you loathe
Should be an interesting RNS within the next two weeks with the much anticipated way forward, unless Pinocchio Fryer is up to his usual tricks……….
Everyone is free to voice their own opinion & how one conducts themselves is up to them. I am not going to come on a bb spread rumour be it rampy or de ramping, not am I going to throw acquisitions or insults out to someone I have never met, never had a convo with or even worked with. With any business there are a lot of moving parts, delays happens, the news for additional funds happen as do unforseen circumstances. Is it Russell's fault the company upgrades a road only for it to attract a higher local footprint this damaging the road to the state it needed further repairs? Would we as shareholders have had CRTM spend extra money doing the road to an even higher standard than the company previously thought it needed to be done? I'm sure if that was the case people would have moaned at wasting money. Hindsight is a wonderful thing when you are not making the decisions. Exercise a little restraint & patience give the co a chance to rectify the one bad year in terms of SP decline (after all every other year SP rose). You but at all times highs you have to expect a re trace before next leg up rinse repeat simple market mechs regardless of the story in ANY company. Not even Tesla went up in a straight line.
Korriban- Well said
It astonishes me how people can be so thick they can't see what's really happening or maybe they have their own agenda rather than actually considering the wider optics of a situation
Reduce warrants or do another raise to dilute ALL current shareholders
PS pillocks- I am personally expecting a raise to sort the road out but we'll still need more cash to get to production
Once the share price stops being peanuts the monkeys will go away
@seamus - “Can’t see what’s really happening” ?
I’m not sure I understand your point.
You seem concerned about shareholder dilution, but the shares in issue have risen from around 40m to 65m over the last two years. Dilution ? It’s already happening.
Also, the company finished 2023 with just £66k in the bank. That pays Russell’s salary and travel expenses for just 2 months. The raise in Jan 2024 is already being drawn on just to keep the salary paid.
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 ?
Where’s the Q1 revenue as promised ?
Where’s the Q1 JORC report ?
I’d truly love to understand the “wider optics” you mention.
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
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.