Crml shares14 Feb 2025 09:35
I recently bought a decent amount of shares but quickly traded out. Initially, I believed that the incoming cash would transform the company and potentially reduce the CLN, which has been a major drag on the share price.
However, I was later alerted to the CRML shares and the significant amount unlocking on February 27—just one day before TM1 shares become unlocked. This raises concerns: either the board overlooked this when finalizing the deal or simply took whatever was on offer. Additionally, the original SPAC holders’ stock unlocks on the 27th which seems like more than just a coincidence.
Given this setup, if you were holding stock at a healthy profit, wouldn’t you join the queue to sell? This potential wave of selling could significantly reduce the impact of the incoming cash.
For this reason, I decided to change my position. While I might regret not being in for a potential cash boost on the 28th, my gut told me to sit this one out. As always, do your own research.
Happy to hear other views as I wanted to hold stock in a company doing what TM1 do.