Critical Elements Lithium Corp V.CRE

Sedar final form

[110158]

2021-11-30 14:35

C:CRE

1.79

SEDAR Final Short Form Prospectus

SEDAR Final Short Form Prospectus

[monkeyhere171]

So closing is now expected Dec 3rd... the whole thing with these is very fishy 

[monkeyhere171]

So finally the company provided some clarification where the money will go - detailed engineering for Rose project.. Didn't know it cost $24M to design a mine but something new to learn every day. One disappointing item is the schedule they have put together that listed detailed design to be completed March 2023, that's right, not 2022.. So more delays from CRE

[kakoo88]

It would be nice to share more information before screaming that more delays are around the corner.. I am not sure of the intent of your post but it's definitely not a constructive critisism. Yes, we are all in it to make money and we are all pretty pissed about the last sequence of events, but again CRE is still here, we still have our shares and that alone is an achievement for a QC Li

[monkeyhere171]

To my knowledge construction starts after detail design is completed. First phase that you refer to is the schematic concept or outlining the engineering requirements before going into final design. If you check their previous presentations, they were supposed to go in construction 2022 and production 2023. Well without detailed design completed how you go in construction?

[kakoo88]

I understand, thanks for the reply. The point I am trying to raise is when does the actual clock for construction start ticking. There is more than just the mill, to use another example, the open pit detailed design will be ready in July 2022 according to the prospectus. I am not sure of the process but I assume that to build a mine you need to access the ore, the first thing to do is to dig some

[rockhound01]

Thank you Kakoo and Monkey: I think something we can all agree on is that the company owes the shareholders a DETAILED and HONEST update on recent events, changes etc once the PP closes. The changes in the presentation and Sedar filings in the midst of a PP are troubling. I am well aware of what can and cannot be said during certain events in the life of a publicly traded company but with CRE one

[tinker901]

Nice research Kakoo. Following you post I read all the updated documents on SEDAR. To me it points out the profesionnalism of our management.