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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 monkeyhere171on Nov 22, 2021 2:37pm
230 Views
Post# 34153960

RE:blessing in disguise?

RE:blessing in disguise?I said it before will say it again: the price is kept low so the financing can be done while giving the partner roughly 30% equity.. They need $400M, let's say $200M in stock so 100M shares @$2. If the share price is let's say $5, it's only 40M shares. Chances of selling the $5/shares at $10 are less likely compared to selling @$5. The partner will recoup his investment... att he expense of existing shareholders. For me that's how I read the PP, otherwise management didn't have to do it. Protect shareholders my @ss..
This is a real project that will go in construction, the other juniors noted are far away from producing and speculative buys are driving the price.
We saw what happened when there was demand for shares, our price increased quickly but management kill it. My opinion only but we will wait and see
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