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Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

Critical Elements Lithium Corporation is a Canada-based lithium 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 over 473 claims covering a total area of over 24.99 square kilometers (km2). It lies in the northeastern part of Superior Province, within the Eastmain greenstone belt. The Rose North property consists of about 31 claims covering a total area of over 16.14 km2. The Arques Property is composed of one block totaling around 136 claims covering an area of 6,840.93 hectares (ha) over 18 kilometers (kms) in length in a Southwest-Northeast direction. Bourier Property is comprised of over 304 claims with an area of 15,616.47 ha for over 30 kms. Rose South property consists of over 280 claims.


TSXV:CRE - Post by User

Comment by Canoutchieon Sep 29, 2011 10:27pm
202 Views
Post# 19102023

RE: Questions/concerns/and WTF

RE: Questions/concerns/and WTF This might help answer your question. I sold CRE a few days ago, and took a loss. It's not because I don't believe in the longterm story however. Rather, I decided to step out of CRE, as well as a few other riskier stocks because I don't have any faith whatsoever that Europeans will be able to pull themselves out of their fiscal mess without causing a major market hiccup. As I explained in another post, Europe has a poor track record of resolving fiscal or political issues within its own continental borders, as evidenced by its handling of the Bosnian crisis in the 1990's. ........:/ I would have been willing to continue holding CRE in the short term through this fiscal mess, however I'm concerned about CRE's cash/financial position. This BNT issue has been dragging on too long, and I doubt CRE will be getting any funds from BNT, at least in the short term. That means that CRE will likely need to do another financing at some point. With most institutions reining in financing activities on so-called riskier ventures like CRE, my fear is that CRE will return to Mineral Fields for financing. Therefore, I sold, however I will continue to keep CRE on my watchlist, and will revisit if either the stock falls to the 12¢ level, or if CRE is able to secure some form of financing to see them through the next several months.... :/Unfortunately my stomach is not strong enough for this extreme volatility in the markets, which shows no sign of abating. Good luck and best wishes to all on this board, as I've learned a tremendous amount of valuable information from a number of you.
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