Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Https://zakstraderscafe.com/interview-russell-fryer-ceo-critical-metals-2/9129/
Strong disconnect between the SP and what the company is currently offering. In a stronger position now than in the Autumn when the SP was late teens.
400% upside in a short space of time here with a much larger upside when production gets restarted.
Just assume it was a set amount 1.5 and the extra was the oversubscribed amount.
You want to be looking at CRTM & CMRS for another 2 great copper plays!
The JORC isn't coming Q1, I'd put my house on it.
BUT there is a lot of things to look forward too.
Https://twitter.com/CriticalMetals_/status/1765767506558362070
Strong consolidation at 0.65/0.7 fully expect an end of day rally to 1p then potentially a 7am RNS of monies received to push us up to 1.5p+ tomorrow
Paid by 05/03/2024.
Can I just check the date today please guys?
I understand the logic in saying this as you've seen the people here but when it is valued at half of cash and .75 of cash going to be received today your point is invalid.
This is cheap and you cannot get away from that
Paid today so fingers crossed intra-day confirmation. BOOM!
This seems an absolute no brainer, cash payment today of $1.65m eq. £1.3m.
Add that to the £1 cash reserves already £2.4m.
Valuing the company assets and Coalswitch rights at 0??
Cash is eq 1.4p/share so over a bag from here. Wait for that to sink in
Went through at .3. Ouch.
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
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 ******.
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.
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.
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 😂😂
Unsure of how or why this opportunity has arisen but to now be able to buy into a copper producing asset with the expected grades of Critical Metals for a sub £10m valuation is absurd.
The CEO has constantly said that shareholder dilution will be at a minimum, he has backed this up by personally putting his shares on the line in the recently announced Non-dillutive £3m funding. The copper is there in the ground, over the months there were 6 potential buyers of the copper ore, this got narrowed down to one as the best option for a short term contract running til the end of the year.
The processing plant lease should be signed imminently and should be up and running by Q124. The JORC report will be die Q124 and quite frankly if what they have tested onsite is anything like the reality then that should be a bumper move for the SP.
Following the report it is widely expected that American gov. funding will arrive all this accelerates CRTM from a small to medium size co.
All the above is just talking about Molulu it is widely known they are looking at other ventures both in the Congo and beyond. The disgruntled ramblings here are of people who believe the story but cannot believe the drop. Buying high 20's into the 30's. I'm one of these people who have followed Critical Metals a lot longer than I wanted but the opportunity for a new investor who have never heard of CRTM before today at 12p in phenomenal.
Warrants at 40p were expected to be exercised this year (now been extended to March). That alone would see a 350% ROI. Ian Hannam 'the king of mining' buying these shares and taking fundraising at 25p+. Market conditions here are shot but the turnaround and opportunity I believe is immense.