Certainly feels like we are heading back through 6p which surprises me. Enthusiasm likely linked to hard deadlines being met but that will come at the start of July when the road completes. With so many historic issues around CRTM the last few years I don't blame others for waiting for the first concrete milestone as it is in effect the gateway to productivity. Dropping anything else in such as the sample report or other items isn't likely to help as you end up discussing a cart without wheels on which is nice for a while but eventually you just want it to move. The sellers perhaps seeing a closing timeline and risk averse and it is each to their own.
I am not sure it will fall back. My nephews spent the best part of COVID trying to source these things. There are many micro PC's and alternatives out there but these appear to be in high demand and growing. I've just sold elsewhere with the aim to buy in friday.
Indeed. The volume is exceptionally high considering the trajectory was moving forward.
As an investor I want to know a company is doing what they say. CRTM fell flat the last few years after over promise and under delivery. Showing the progress over blank space is preferable is it not to allow people to gauge if a company is moving from being speculative to functional? I am more inline with your last comment this is a time for people to look back over where they were to now and make an informed decision on the boats current course. What if Fryer springs on us all that they completed early is what I keep wondering. This is only me but when I see actions over talk I feel more confident longterm so SP in the now means nothing except getting something cheap which may go places in the coming months.
I think everything will be quiet until the road completes. It doesn't benefit CRTM to push anything beyond the road as it stands. I feel that will be the start of the snowball effect in a months time but remains dependent on no slippage to the timeline.
I didn't upload but from what the chap gave the majority are smaller SUV type vehicles and they just run into the grass verges to give way to the larger vehicles. I think their example was at a particular area that would be prone to erosion from a running stream as opposed surface water runoff but it's a good point. Perhaps like the image for underground cabling (https://x.com/CriticalMetals_/status/1797938241041244286/photo/2) we are seeing during and not post works.
Its a double edged sword for China when you look at the balance they need to maintain diplomatically and their preference to protectionist measures overall. Sinosteel deal was pre invasion and geopolitical tensions and they may not want to embed further for risk of secondary sanctions down the line. Agree lack of comms is producing a vacume filled by speculation and they is not good for steadying the current decline in opinion. I sold but likely to get back in when inline with what i require from a confidence footing but opportunity is potentially still there.
So water runoff in the lower road sections was one of my main concerns. When the rain hits as seen in the UK the pooling of water on tarmac can make areas impassable. At least CRTM appear to be thinking long term (https://x.com/CriticalMetals_/status/1798369776110383549) as opposed just flattening the area of rehabilitation for photo opportunities. Positive steps!
I did wonder what happened post AGM as all silence. Looks like they were moving behind the scenes. Expect movement upwards back to where I bought in. Saw all the indicators move over to weak buy earlier and wondered what I was missing.
I think the issue with the due diligence on the processing plants boils down to efficiency. Most process one or the other but CRTM want both co-located or alternatively the onsite platform to process at least one. If they come out stating they are doing the onsite option thats a longterm project with associated large investments required I expect. I also expect Fryer to try keep to his deadlines now for the very reason that 20p is achievable off the back of the road, positive sample and JORC and he will want the positivity to continue through to the OTCQB and US Investors. If he gets that in place they are then down to the December 2024 start for moving the 10k a month to OM Metals. The machinery they are using on the road when I googled is Mining Contractors Services Congo based in Lubumbashi (LUBUMBASHI - 02, Av Nyanza, Q/Industriel, C/Kampemba) which has a sizeable warehouse and equipment and state "We own equipment that helps us offer an array of services to our customers, from opencast mining, bulk earthworks, road construction, and plant hire. So they have perhaps the other tools for mining which may be leased by CRTM I suspect. I always say do your own research and can IMO (provided the road hits its deadline) see the gradual raise the next 30 days and this FOMO playing its part because if they have those existing sacks on the pad to sell through to Dec 2024 when they expect the mine to selling the 10k a month to OM Metals then the potential bounce back is high IMO. By the start of 2025 all being well CRTM could be what is hoped a profitable company. Whilst there could be many bumps in the proverbial road the framework for success is likely there.
Indeed. This was part of my interest in road updates over copper prices. 1st week of July should be interesting but as Katstrangler pointed out likely frustration of such a limited free float. I will start the count down and hold on for what is hopefully a more productive and financially rewarding rollercoaster compared to what was seen the last year.
Fryers Presentation last week with InvestorMeet. He said the ore on the pad was not being used for the road much to some peoples beliefs. I saw on here someone mentioned it previously and I thought unless it was widely though he must have read it perhaps on here.
Thats the issue now the delay in producing their accounts up to the end of 2023, only in the last few days means the FCA has restored the Company’s shares on LSE but what does that do for confidence long term. Agree its going to be a tentative few days but the look to build and bail will put off smaller speculative investors.
I was on the call and sent in my complaints about the lack of road updates. Noted he mentioned people querying the pad ore being used for the road so I am taking it they watch the forums etc and actually act. I prefer this over telling me copper which isn't being transported is going up.
Ignore, CRML not crtm
Https://www.defenseworld.net/2024/06/04/critical-metals-nasdaqcrml-versus-pure-energy-minerals-otcmktspemif-head-to-head-comparison.html - Well at least CRTM beats Pure Energy Minerals Ltd (PEMIF). Apples and pears as PEMIF mine Lithium only. I hope that doesn't hurt their AGM tomorrow.
I was able to buy yesterday to keep adding but obviously nothing like the traders. It was likely going this way until the road is done with the limited free float. There are countless companies looking into creating functioning mines in DRC and continent but they don't just push out continual notifications on the fact copper is going up. I am aware someone said they would get laughed at for posting road updates but these are the baby steps towards the important first goal in 4 weeks from now.
If you look at earlier presentations you can see there is a cobalt seam that spans the plot in the south and into an unclaimed area. Perhaps once the roads finished and they start shifting product from the pad this is something to consider as no doubt if US and Chinese are approaching him they could purchase nearby and benefit from the infrastructure. Added a few more images from earlier in the week on the road for anyone interested. Appears larger good vehicles already using the road but no indications of what they were there for or ownership (https://www.facebook.com/photo/?fbid=122116316708303398&set=pcb.122116317122303398). Its still about making the mine profitable at the end of the day but small steps forward. I just hope they don't undo the work being done but perhaps helps compact it.
I was wondering when they would start their stepping stones towards the NASDAQ or NYSE. Now they have the OTCQB their are going to be in a better position to understand and achieve the listing standards elsewhere beyond LSE. Wonder how it effects their investor base. The other factor I'm happy is the costs of the process aren't as high as attempts to list on the major exchanges so at least he's not wasting monies with vain attempts and can focus the money on the road and mine.
I saw CRTM was trending as the fifth highest daily gainer on LSE and had to rub my eyes a bit. Presume the traders will sell presuming their gains are done but like with the 5p I feel this is a hold and buy phase IMO until July, jumping before then likely to see them try get back in. I made the error once, for 5 weeks I wont make that mistake again.