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Bullboard - Stock Discussion Forum Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

Critical Elements Lithium Corp is a Canada-based mining exploration company. The Company is engaged in the acquisition, exploration, development and processing of critical minerals mining properties in Canada. Its projects include Rose Lithium-Tantalum, Rose North, Rose South, Arques, Bourier, Dumulon, Duval, Nisk, Lemare, Caumont, and Valiquette. The Rose Lithium-Tantalum property consists of... see more

TSXV:CRE - Post Discussion

Critical Elements Lithium Corp > Permit question
View:
Post by redbull7 on Jan 11, 2021 11:18pm

Permit question

How long did it take Canada Lithium to get their permits?

How long did it take Nemaska to get their permits?

How long is it taking Critical?

I'm very intrigued to find out.  Does anyone have this answer?  It seems like it's taking us much longer and I'm wondering why....
--management keeps answering the questions incorrectly or not answering them at all
--change in government or change in the way permits are being processed or dealt with 
--more rigid testing, requirements, etc 
--maybe the fact there have already been two failed ventures before CRE in Quebec...but I don't see what that has to do with delay in permits
--other???

It seems like we are getting left behind.  The fact we hired Cantor speaks volumes.  I'm beginning to think we were never close to a deal while using Cannacorp, hence the change now.  So that's another two years down the drain.  And let me not remind you about HELM. 

At the end of the day, is the real problem the permits themselves (government) or the fact that no OEM or other large entity has become our strategic partner??  

I think the real problem lies with management.  Maybe it's their cockiness, or self assurance or just plain stupidity but the longer these delays go on for, the more we will miss the boat.  Kinda sucks to see all these other companies (ie Rocktec, Millenium, Lithium America's, etc) all go higher then us while they have less in reserves, only one main mine (while we were led to believe we have several "Roses"), and also we are more advanced with feasibility study, permit application, fixed contract agreement, agreement with CREE, etc.  

Yet here we are, can't even get over $1.  I guess that's what happens when we just trust management and not ask any critical questions, no pun intended.  The likes of JSL have been here for over 10 years.  He makes a whopping salary.  Fast forward 10 years and we don't even have permits.  At this rate, are we going to be in production by 2022 or 2032?  Serious question.

Comment by Jaded84 on Jan 12, 2021 12:09am
The mood seems to be turning cynical and slightly pessimistic on the board. Rightfully so!  I can't help but think that something less than honest is happening with the Q&A back and forth. It's not a university professor asking for a rough draft of a term paper! It's the GOVERNMENT asking for tangible answers.  From the outside looking in, that's all we can do ...more  
Comment by BluePill on Jan 12, 2021 9:11am
I forgot about Helm. How could i? Maybe companies see that as a real negative event that makes them think twice about investing in CRE?
Comment by kakoo88 on Jan 12, 2021 9:29am
To be honest guys, I don't think that this deal between Sayona and Piedmont is extraordinary, its timing is excellent but that's because lithium is a hot commodity right now.  Have you longs fogotten all the fluff from other miners/lithium plays a few years ago? where are they now?  CRE will get its opportunity too. We just have to accept that we will never be the first ones to ...more  
Comment by Speedypete on Jan 12, 2021 12:08pm
   I like your theory about cre financing , It sure seems like someone trying hard to keep the sp pinned down.  I too am getting tired of waiting for this wallflower to get up and dance with the rest.
Comment by CIC4ever on Jan 12, 2021 11:55am
Hey Redbull, How much money did investors in Canada Lithium and Nemaska made as of today 0$. Like ZERO. Both companies went too fast and made great errors. At one time it was frustrating to see CRE not moving as fast.  But now my CRE shares went up X 4 just like the NASDAQ on the same time perriod. NEMASKA = 0 . Canada Lithium = 0. Canada lithium and Nemaska received their permits before ...more  
Comment by redbull7 on Jan 12, 2021 12:28pm
CIC4ever, With all due respect I know what you are saying.  I agree with Canada Lithium and Nemaska.  Moved way too fast, trying to time the market and be the first producer.  The larger problem that I'm seeing is no matter what happens in the market/economy/lithium industry, CRE never seems to time it right.  It's almost on purpose.  At least that's the way I ...more  
Comment by CIC4ever on Jan 12, 2021 1:21pm
I would never sell at 1.50$.  The potential is so much greater. 1) Permits before Spring 2) Offtake in Spring 3) Final financing Spring-Summer 4) Start of construction in Spring 5) Max shares of 200 M That is better than what you ask for. A lot of work on the financing side as been done.  I guess that when the permits are received, we will sign ASAP a partner because Lithium is badly ...more  
Comment by Wheeler on Jan 12, 2021 1:27pm
If we can complete that checklist, $1.50 would be a joke.
Comment by insider1267 on Jan 12, 2021 1:57pm
That has always been one of my biggest fear... our share price has been held down for so long that some investor would accept a hostile takeover  at a ridiculous price compare to our npv. We had a poison pill a few years ago but if I remember well it was expiring after 2 year and was never renewed. What if a chinese giant comes hostile and offers 1.50$ per share... so many people are fed up ...more  
Comment by CIC4ever on Jan 12, 2021 2:09pm
I don't worry for this outcome.  JSL has built a strong long term sharholder base (60 million shares +) with whom he can communicate rapidly to tell them not to sale and present them better options.  Maybe some people would sell but the management have so many connections that I think it would be easy to find a better solution.
Comment by Jaded84 on Jan 12, 2021 3:26pm
Everything you're saying is great ON PAPER. However, we've heard the same things for so many years now. Great management, but they can't (or more likely won't) deliver anything on any predicted timeline. The milestone checklist you wrote with it all happening in the spring.....tack another 6 month to a year on to all of that and even then we'll all be here saying the same ...more  
Comment by CIC4ever on Jan 12, 2021 3:59pm
Habber, Zaunscherb, Main, are not on Paper, they are real.  The permits are difficult to obtain because their is no face to face meetings which would be easier and faster means to discuss with the people. I repeat: A permitted mine is more valuable than a mine without permits.  Better sign a deal after the permits.  At the Federal level, a 50 pages document was sent in response ...more  
Comment by redbull7 on Jan 12, 2021 4:41pm
CIC4ever, Keep pumping.  You're obviously friends with JSL and have the same interests.   At the end of the day, it doesn't matter what team they have in place.  They haven't achieved anything.  It's not about having the best project/product/service.  It's about creating awareness to the general public.  It's about PROMOTION. It's all ...more  
Comment by CIC4ever on Jan 12, 2021 11:40pm
Redbull7, For someone who believed in the company for +10 years, you must have made a lot of money with CRE, unless you bought more  in 2017 at 1.50$+. Stop your whining on JSL. JSL has more conviction in his project and knowledge on lithium than anyone in Quebec. His relationship with the CREE is a big + built through many years.  Nobody could repeat this.  The CREE had a deal ...more  
Comment by Clarifier on Jan 13, 2021 10:31am
Ummmm....taking up a very very very well compensated employee and board member on their accountability for 10+ years to build, promote and put a team together is not whining. That is actually how a company sets employee objectives and make no mistake, he is an employee as well. This company for all intensive purposes is a "startup" mining company after 10+ years. Most companies of this ...more  
Comment by Jaded84 on Jan 13, 2021 11:18am
CIC4ever....JSL has literally done nothing for this company's shareholders. So whatever "+" you see in him is great, but it doesn't mean sh#t to our SP. PERIOD! 
Comment by blaggers on Jan 13, 2021 11:44am
This post has been removed in accordance with Community Policy
Comment by Jaded84 on Jan 13, 2021 12:39pm
Hey Blaggers, first of all I haven't said anything slanderous or defamating about anybody. Just saying it how I see it/how it appears. And it appears negative from where I'm sitting. This is not personal, we're all here for ONE reason, and that's to make money. So no, I am literally the opposite of embarrassed about what I've written. Sometimes voicing frustration, asking ...more  
Comment by subaru123 on Jan 12, 2021 3:56pm
RIGHT ON !!!!!!!!!!!!
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