Member Info for Crocqman

The information is all in the RNS releases, de-watering and refurbishment is expected to complete by September 2025.

The current rate of dewatering has been reduced to allow for planned works and levels are coming down as expected.

They only need to RNS if there is a material change to the timeline they have advised on multiple occasions, i.e. if they do not expect to reach the September 2025 target.

Given that is more than 13 months away, why would they do that? Just to satisfy nervous PI's who cite a rumour is NOT a reason to RNS. We have seen verbal evidence of locals who state they have not heard any rumours and who would be sure to know, so who is this supposed reliable source from a rival site that some are so keen to believe?

Let's see some links, some genuine mention of any problem from a named source.

Of course old mines will be linked, of course there will be water ingress from old shafts and natural seepage too. How else did the mines fill up in the first place

I don't know the official requirement, but as they were in operation for close to 5 months before the suspension I would have thought that they still need to release results.

The shares were initially suspended because of late production of FY results last year, hence the release on 04/07 instead of by end of 30/06 as would have been required.

Whether the timings of release still apply to a suspended stock, again I don't know, but they are late again if so.

Not sure exactly what they would tell us that we don't already know though, so not really something that they would be of that much use/interest imo

It's fairly standard for any company to detail a post-YE outlook to cover the period from YE to release of numbers, so why should it be any different here?

We'll know soon enough. At least we can agree it is a big month ahead, so let's see what it brings

For me, the delay/cessation of the VAT refund has undoubtedly had an effect. It will have impacted on investment to continue to grow the company and it will have affected the timing and means in which any additional fund raising has been handled and will continue to be managed. Growth plans will have to have been adjusted to account for this whether it was being considered as a contingency or not.

It has been significant in this regard, but not critical in terms of the company's survival, imo, although this view will undoubtably be subjective depending on your personal viewpoint. Finance terms will be weaker without this money no matter how they try to use it as leverage.

No real updates since the vote. This is a big month ahead with results and an operational update due, plus expected additions to the board. Delivery time, no more excuses. And I have been a supporter of Shishir to date

gla

Not seen any of the rumours, but more inclined to believe they are experiencing events that require stabilising/fixing as they go (general maintenance/upgrade/improvement) than a fundamental issue as they gave stated in their 22/5 RNS. It stands to reason with a project such as this, problem solving will be a requirement and most likely accounted for in the cost and time for de-watering.

Well aware that this is AIM, but reporting something material is required, responding to rumours is not, so long as the de-watering process is not materially affected, in terms of cost or time, then no reason to refute any allegations however much those wishing to promote the worst case scenario demand it.

The company has already stated that they are not aware of what is behind recent price movements as well as advising on a current hold in the de-watering process. This is good enough for me until I see real evidence to suggest otherwise. A SP drop is not evidence to me. I expect price drops on a stock at this stage in the process, i.e. a long way off delivery and with known requirement to raise cash to get to production with required approvals still to be put in place.

Volumes do not suggest anything is afoot here either. We would have seen a large increase if there was any truth behind any rumours, imo

I see talk of legal action as nothing more than a threat either, other than perhaps a strongly worded letter from their solicitors.

If there is any uncertainty here, or in the market, it is more likely related to the election outcome and ongoing government support for the project. It will be interesting to see the SP movement post-election and with any announcements made specific, or not in relation to a project like this as support is invaluable to get the required permits and funding to progress to full and profitable production

I don't know which 2 trades are yours, but the algo used to 'best guess' if a trade is a buy or a sell is never going to be 100% accurate and as different brokers can show a different bid/ask at any point in time, it can often be a moving target that the algo is looking at to try to determine the trade direction.

I would suggest that with a total reported 40 trades worth less than 60k (at the time of writing) it is highly unlikely that there is any manipulation going on. The current volume is 0.03% of shares in issue, it just reflects the current indifference the market seems to have here while we await an update. imo

Hopefully next news will change that

I think that by now, most regular visitors here know which side of the fence the majority of posters are on.

What we need to see is Shishir demonstrating that the company is moving on from this debacle, and putting the right team in place to deliver and move the company forward.

An operational plan would be useful along with further appointments, but perhaps we will need to wait for the results for a further statement from management on this.

Getting the FY figures signed off and released on time and seeing some figures for production, cash and servicing debt requirements will at least make us better informed, hopefully give some clarity, reduce uncertainty and restore some sentiment/trust to progress forward.

I am sure that bad feeling and distrust will linger here for some time, but it will be down to management to deliver in order to try to change that for some here.

Mistakes have undoubtably been made in the past, but this is not exclusive to TGR. Time to see demonstrative change and positive action rather than just talk.

gla

A positive update for me. It certainly won't result in a re-rate or move the SP dial too much from where it has been of late.

So, a decision in the next couple of weeks from the government as to the process for CEOL and an indication that CTL intend to use the award of the CEOL's to fund raise.

With the timescale Rd has noted for this process (3 months) it suggests to me that fund raising is not imminent, so perhaps Q4 on the back of any CEOL award which they can utilise to gain a better deal whether this be via placing, or more beneficial and non-dilutive lending.

An interesting 3 months or so ahead, assuming the government sticks to its timelines on notifications/awards. I'm sure there will be the usual speculation and individual interpretation of this and any news release, but my reading is one of positive progression.

It will be the actual award of CEOL's and the type of funding arrangement when announced that will dictate any larger SP move. Patience, as always with stocks like this.

gla

....agenda

Not sure I'll pay too much attention to someone who posted on 15th December last year "I've been told that this stock will be placed on suspension starting next week. I hope this information is accurate"

Posters who change the default opinion to Strong Sell (or buy) always have an

That site seems to be where all the banned LSE posters end up. It's a bit of a lawless space with little to no moderation which is what they like.

There are several boards over there I know with ex-LSE members who spend all their time trashing the company, board and even posters on here, a lot of it is libelous too.

Some very bitter people and very toxic, I wouldn't trust anything I saw over there, but I have never looked at the CUSN chat over there, tbh

Not saying LSE is perfect as there are bad apples anywhere 'free speech' is allowed, but no comparison for me

Personally, not sold on dual listings. You rarely seem to see the uplift that is anticipated and volumes often tend to be fairly low on the new listing.

Yes, it may encourage and open doors for new investors who may be restricted on exchanges they can invest in due to domicile, but that's about it from my experience elsewhere.

May seem some movement on initial listing, but volumes will be interesting to see as well as price correlation.

We'll see, but further progression and achieving goals is of more interest

Gingy,

The Q1 figures released for the period to 31/03 (22/05 RNS) had cash at 17m and the notes suggest a spend of 9m over that 3 month period although some of this looks like non-recurring costs.

They note in that RNS that funding would be needed before the end of 2024.

No indication of when, but using this 3 month period as a rough guide and allowing for some of the one-off spend, Q4 looks logical, but I guess you take an opportunity to raise when you see one, so it could be earlier. The Nickel King sale will give some breathing room to ensure they can arrange decent terms (you would hope)

Personally, I would trust the board on current/past form to raise at an appropriate time and for a suitable amount to progress.

With the election, I certainly don't expect them to do anything until they get any assurances from any new government that they still have government support for the project and to what extent that continues with/without changes, so this will be a factor to timing too with any post-election announcements that may impact on the sector and project.

I think this has a different feel to Sirius Minerals, the costs there were horrendous compared to here where much is already in place, a recommissioning of a past producer as opposed to e new project starting from scratch.

Not a given, of course and nothing is ever a certainty. I'm sure when funding is required, some will be unhappy at the price/discount as well as the dilution, but that is nothing new.

A big 6 months ahead, but I am ok with the rate of progress to date and not unduly concerned with the SP currently as I don't feel comparing to previous SP's is necessarily fair with companies at this stage of growth, not that I wouldn't like it to be higher.

Awaiting next news

gla

ShS, hence why no one queuing up to invest, imo.

Larger investors will still see this as a big risk at the current stage with plenty still to be done.

Although all is seemingly going to plan currently, it may not always be the case over the coming months and plenty of hurdles still to jump.

Sticking to timelines and cost estimates not easy to do with projects like this, but they are doing a decent job of it so far.

The larger investors likely happy to perhaps pay a higher price further down the line when more of the risk has been overcome.

Awaiting next news

30th June is the deadline for interims. They could be released earlier but last day of reporting seems to be fairly standard market practice, so likely to see them on Friday.

Don't think anyone is expecting fireworks around the numbers but there could be a snippet of something of interest they could update us with.

The pending election could have an impact on SP in the sector depending on the result. I wonder if the company will comment, or perhaps best say nothing to avoid too much scrutiny!

To be fair, SEE is 60% down on the high from under 3 years ago so a little disingenuous to knock a rival based on SP performance on a similar timescale.

Not into this knock a competitor based on selective stats and promote another on equally selective stats malarky.

I am sure most will agree the SP here is a disappointment vs expectation over any number of timescales you wish to use.

News, delivery, cashflow, tangible progression is what I am interested in. The SP will improve based on fundamentals, capture of market share, sentiment, trading volume. Not unrealistic comparisons vs a rival when there are multiple external factors at play too

MT filtered. Posting history is a joke, ramping and deramping various stocks trying to influence others.

BS chat about shorting and placings, typical bulletin board scaremongering from someone who clearly doesn't understand either and just spouts the usual carp looking for a trade

It is not possible to forward sell a placing. Shares are blocked for trading until they are confirmed as listed and available at the custodian

Ok. I give up. The remainder of my post keeps disappearing. Unless it is my view

Not sure what happened with the rest of my post...

A stock with an MCAP of