Critical Elements Lithium Corp V.CRE

RE:Survey

[nflyby]

110158 wrote:

Just want to ask to the people who where at the AGM.......regarding some anger of many shareholders writting here, do you think that even if we would have been much more ruff with the JSL and JFM it would have changed something ? Regarding the lack of answers, do you think it would have change something to speak louder and let angar appear ? My point is simple....it is easier to have a high temper here that at the AGM. Not that nobody can do this....but would it have change something ? I understand that many are far away from Montreal and it would take time and money....but now a days a phone call to the board is so easy to do to express the angar .I was seated near the screen for the video and had a blue polo so you can replace me and asked the question about HELM retiering......I have assisted the last 5 years the CRE AGM even that one year I think we were less than 12 board and shareholders.....so yes hangar here is easy.....JMHO

To answer part of your question and to share some more after reading some of the posts. 

it would have been nice to have more people in the room with us to express what they feel or to raise their concerns. It might have shown management that we are a lot that personally follow closely what is going on. It might have brought some extra answer on particular subjects if there would have been some of the savvy knowledgeable members with us and if of course it would have been conducted both in in English and french. 

But  in the end I don't think it would have made a big difference, it was very clear that management didn’t / couldn’t say anything else at this time on the subject that matters the most for us.  We could have been a 100 people or express even more our frustration at the meeting I don’t think the finality would have been different, I don’t think our voice ''small investors'' as that much importance / influence for them unfortunately.
 
The management team appeared to me as a very confident group. That confidence could definitely even have been perceived as arrogance for some people it was indeed bother line that. I personally didn’t enjoy as much, in comparison to last year, my discussion / time with them this year. As Redbull mentioned, I even sometime felt that they were more bother then pleased to be at the event. But I’m willing to think that it was because they were just very cautious not to get in trouble by saying something they are not allowed to say.  

Management holds only 9.7% (roughly 15m shares), JP Morgan Asset Management UK hold 7% (roughly 11m shares) of the 160m shares outstanding. That leaves roughly 134m shares that belong to other players.

What has specially hit me is that there were no big institutions or big shareholder players present at the meeting, at least if there was some, there was not a lot, we were a very small group once you remove the staff and the lawyers. If some were there, they didn’t show any anger; they didn’t confront management with what so ever, they didn’t express any grudge or anything for that matter. Beside us members from the stockhouse community, the room was pretty quiet. 
That was strange in a way and reassuring in another.  To me that showed that they either follow management blindly (witch I dough) or it means they have a lot of confidence in the management team and what is coming, they probably know or have a bigger picture of what is cooking behind the scene and they are not worried whatsoever.


It would certainly be nice to have more information, to be in the know a bit more, to be able to look at some mile stones accomplishments and have the feeling that we are progressing, I agree with that.  It bothers me too that management is not more transparent in some subject, that they don’t upgrade the flow chart on their website, that they don’t communicate more  but it seems to be their way of doing things.

On the other hand, beside the deadlines that they put on their website and for most if not all  dodn’t respect, management is only communicating when they have facts, tangible and accurate information to announce otherwise they remain silence and I respect that as well.

I feel that at the moment they are not saying anything or changing their website because there is nothing new that they are able to confirm or officialy communicate.  That is probably why they were also very careful not to be specific on deadlines for particular subject such as environmental, permits, fs phase 2 etc.
 
As it been previously discussed by devoted members on stockhouse, management during that brief meeting also talk  a little bit about Volkswagen, Toyota, ford etc, that are transitioning toward electrification for their vehicles.  There is also many other companies / sectors that will need lithium and as we listen to management they truly believe that the demand is only growing.


Management was explaining that a company such as Volkswagen, just to name that one, needs to have access to some of the lithium right now to start thinking towards their plan for 3m electrical cars by 2025. There are many steps in the chain of conceptualisation / production, and securing access to raw materials (lithium for one part) is primary.  As the demand grows more and more of the raw material will be needed.  For the management the actual producers won’t be able to meet the growing demand and it is unavoidable that other mines will have to come into play.

That said, they think CRE is in an exceptional position and their is not another one like it at the present time.  They have 800 square km of land; rose is only 1.something by 1.something square km (I don’t remember the exact number they told us) but it is a tiny fraction of the overall land. As posted before by others it is about 1% of the land.  Is their lithium all over that 800km who knows?  As redbull mentioned, some drilling have been done that shows good potential,  they have not been specific of the results , neither of where and how far in the land  they have drilled, but they seemed to be very confident in what they have.


Who is pressuring who?

The giants of the industry (cars manufacturers or name it)  they know the juniors needs money to advance and be operational  or is it the juniors that  is pressuring the big companies  because they know they will need a lot more lithium then what is presently available?

Our management seems to be aware of the window of opportunity but they also seems to be aware that if no other mines come into play, the big companies will most likely have to fight each other to secure lithium and other raw material witch should bring more aggressive offers.  Where our management is drawing the line is very hard to see at this time…


Our management seems so confident that CRE is the next best thing that they give the impression to have the upper hand in any negotiations. (They didn’t say that, it’s just the feeling they gave me.) They gave me the feeling that they won’t accept anything but the best for the company.  If the right offer has not come yet, they seem to believe it will because they have what the industry needs. Will it backfire in their face or will it get them / us rich that remains to be seen…


Are they stalling and not doing anything, is there already a deal completed, are they waiting for one of the giants to place their pawns within the present market (active producers) first and then make a move with one of the junior left? The way the AGM went this year I think everything is possible.  Personally, I still strongly believe in CRE and I’m willing to wait some more to see what unfolds.

 
Good luck to all and thanks again for all of you that takes the time to call management, write and share incredible stuff.  You really are an amazing group!!!!