Critical Elements Lithium Corp V.CRE

Partner before permit

[tinker901]

It is starting to look that way. We have all the right people with all the right contacts.

And there are plenty of examples of deals going that way. They commit to a deal and fine print conditions protect them in the event that the permit is not delivered (and that will not happen)

Looking ar concentrate spot prices that are at a all time high and set to more than double that in the next year. Lithium carbonate and hydroxyde spot prices in the 30,000$ range.

This could explain why management is not answering our attempts to get news.

And why not ?

[Speedypete]

It would explain thier lack of promotion, perhaps they dont have to.

[monkeyhere171]

Don't think so, if I recall correctly, at one of the Crux interviews management said that they need permits in order to sign a deal when asked by the host..

[Wheeler]

I don't remember management ever saying that they "needed" permits to sign a deal, however, they have often said that they want to wait until they have the permit before signing a deal.

[Bullatnl]

Yes that's pretty much the I recall it as well. Would prefer permits to get the best deal but not necessarily "needed"

[Jordsword]

Yes, they want to do things in the right order, but let's face it, if the right offer is on the table they would take it. If not, then they should not be trusted. 

[monkeyhere171]

Isn't that same thing? It's management who decides and Eric did say they want the permits in before making any deals.. refer to August Crux interview around 24min is when the question is asked. No need to speculate that CRE will make a deal before permits as it won't happen. Plus he said they are looking to raise $400M in a 50/50 scenario between debt and equity. So there will be at

[Rinny1]

Hopefully no more shares given out for financial support!! Unreal amount of grants interest free $$ Quebec offering!! Billions for mining sector etc.. partners will be knocking at the door with cash to start phase 1 and lock deals for lithium product. Also CRE so tight lipped!! I can't even get a text back or reply on LinkedIn   

[Speedypete]

I have hard time knowing longs have sooo much money is  tied up in this(tens of millions) counting just some of the regulars on here and this is what we are left with, Not knowing all the time

[tinker901]

Monkeyhere, I listened to the interview again and Eric says that OEM's are waiting for the permits to de-risk their investments. He also says however that other parties are ready to go now. Then he goes on with saying that they are the custodians of our shares....blah, blah, blah. So in other words, what I take away is they have at least one or more offers from OEM's that will go ahead

[monkeyhere171]

Exactly, no financing before the f@#^k permits! Now how they are custodians of the shareholders as the PP allowed the booking broker to short the stock (42% of the last 2 weeks' volume) and bring us down!! Now, instead having financing done at $2.50 will be at $1.50 if these permits come in the new year for example.. 

[tinker901]

You are assuming a lot monkeyhere