CRR - Critical Resources

[sptrawler]

Still in a trading halt, they go to court early November, so hopefully they take off if they don't get in trouble.
I'm living on the edge and chosing them for the November stock comp, just my new avant-garde method of stock picking.
Did anyone see where the third dart went.

https://www.asx.com.au/asxpdf/20191025/pdf/449wbw3291bhwz.pdf

 

[greggles]

4CE re-instated to official quotation today after demonstrating compliance with listing rule 12.2.

This morning the company announced that it has completed the acquisition of copper projects in Oman from Savannah Resources plc.

It's good to see 4CE back trading again but the company has a very checkered history and will really have to start performing for shareholders to rebuild confidence in its future.

Nice start to trading today with the share price currently up 41.7% to 1.7c.

 

[frugal.rock]

More movement. Please read @greggles informative post above.
Just a chart.

 

[greggles]

More movement.

Even more movement.

Some good Cu hits at the Oman Copper Project seems to be driving the gains.

 

[frugal.rock]

I noted this chart last night, but didn't post it.
Oman has me avoiding it, for no apparent reason other than its outside Aus, and thereby under the jurisdiction of a government I know nothing about....

 

[greggles]

I noted this chart last night, but didn't post it.
Oman has me avoiding it, for no apparent reason other than its outside Aus, and thereby under the jurisdiction of a government I know nothing about....

Fair point. Sovereign risk is a serious issue. I'll never invest in any miners doing business in Africa again. Too many horror stories.

 

[barney]

View attachment 118812

Fair points above lads.

Just on the grades ... 2 metres at +15% Copper .... That is seriously chunky.

I see that they also drilled • 20.8 metres at 4.65% Cu from 49.55 metres, including 11 metres at 6.38% Cu from 54 metres from their Marqail South deposit Announced 15th December

About $30 million Market Cap.

Price action indicates profit taking which is to be expected but definitely has room to move once the current Sellers leave the room.

 

[greggles]

Force Commodities up from 1.5c to 2.4c in the last two trading sessions. Volume was well above average on both days and increasing with 16 million shares traded yesterday and 34 million shares traded today.

The ASX issued a Price and Volume Query but the company says it has no idea what is causing the unusual trading in its securities and didn't even speculate as to possible reasons. There has been no news at all from the company during May, so the increased trading volume and share price over the last couple of days does remain a mystery, at least for now.

Today it finished the day at its high of 2.4c, so it does appear as though we may see another day of bullish price action tomorrow, as long as it isn't a big down day on US markets overnight.

 

[debtfree]

Like you thought @greggles another bullish day, up another 20% ........ that's 107% for the week.

 

[tech/a]

Some more commentary on 4CE before open on Monday.

 

[System]

On June 1st, 2021, Force Commodities Limited (4CE) changed its name and ASX code to Critical Resources Limited (CRR).

 

[Miner]

Noticed a website has provided this projection for Critical Resources. Interestingly if they are so updated, why the code number 4 CE was not updated there to be seen as CRR. That explains how nice their prediction would be

 

[greggles]

Critical Resources acquires a 100% interest in the Mavis Lake Lithium Project (Ontario, Canada) from Essential Metals Limited (ESS) and International Lithium Corporation (TSXV: ILC).

Consideration for the acquisition is $3 million, of which $1.5 million is cash and the other $1.5 million is through the issue of 68,000,000 shares in Critical Resources at an issue price of 2.2c per share.

The market seems interested in this project, CRR up 12.9% to 3.5c so far today.

 

[Sean K]

There's some exceptional grades here. Just a matter of potential size.

 

[Sean K]

This should create more interest. Expect another good start I guess.

 

[Sean K]

Starting to show a little bit of scale on top of those grades.

 

[frugal.rock]

Why do I feel a cap raise might be planned?
Certainly whipping the "red cordial brigade" into a lather.
( @Country Lad )
?

 

[Sean K]

More interesting results, this time lithium. Already gone up 3 x in three weeks...

 

[Sean K]

These guys seem to have something at Gibsons. 43% Zn?

Might be just a matter of scale. Hard to tell. If you look at the tables at the back the grades really drop off at depth. That is: below 13m...

 

[Sean K]

New results at Gibson's aren't as good as previous. They've tried to step it out a little bit, but not far by the looks, only about 40-60m to the NW of those earlier outstanding hits and these widths and grades aren't as spectacular. The extra high grade may be limited to a smaller vertical zone.

Previous hits: