Critical Elements Lithium Corp V.CRE

Cash for Rose Project mine is all around CRE

[Goodtoreadthis1]

Allkem just reported record profits of $524 mil US and cash on hand of $868 miL US. Allkem which is about to merge with Livent a bigger lithium company, is developing the James Bay Project which is near to the Rose deposit. In addition there are gold miners nearby with major amounts of cash for investment. CRE's most recent promise is a financing of Rose in Sept. There really is little to no reason why such an event should fail to happen. 

Allkem's docs were sent -personal use only so I can't copy them here, Sorry.

[Wheeler]

"CRE's most recent promise is a financing of Rose in Sept." Where and when did CRE make this most recent promise?

[Goodtoreadthis1]

Raced through the board the other day and thought I read that on another post; but scearching now I can't find it. Sorry. 

[monkeyhere171]

Wheeler, look at the famous 'conservative' timetable on CRE's presentation (page 18). It says assuming financing completed by September 2023. 

[Rinny1]

We were notified this timeline would change in the early summer. Moved to late fall.  From Eric's conference 

[Wheeler]

Monkey I would not consider the corporate presentation to be the company's " most recent promise". That promise came sometime back in February or March. I think their most recent promise (and of course it's not a promise, but we both know what we're talking about)  is from the crux interview when Eric said that he was very hopeful on a financial package before the end of

[monkeyhere171]

All true but OP (Goodtireadthis1) might not know about the Crux interview. The YouTube video has limited views and it's not even referenced on CREs website anywhere. Also, this forum is checked by what - 200 ppl max? Check CRE website, which is the official source of information for most retail investors, still shows Sep 2023 and the past interview linked there is from Dec 2022. Wait for when

[Rinny1]

Not sure why you think CRE stock price dropped because of the timeline being moved.. or anything to do with CREs actions. All lithium plays tanked in the last 2 months !!! lithium prices down 60% now lithium carbonate that is.. ready for the next leg up !!!

[monkeyhere171]

CRE didn't ride the high prices last year, compared to other lithium juniors. What CRE did was receive the permit and targeted Q1'23 for financing. It reached the 52w high in the anticipation of the financial deal by end of Q1 when the lith prices were already going down.That didn't happen so now is back to the level before the permit. The market basically has valued that milestone as

[m73hx454]

There really is little to no reason why such an event should fail to happen? - Decrease in lithium spot price?  - Negative outlook for Chinese economy and thus global EV uptake? Wouldn't call these "little" reasons, but nevertheless we will know soon.   

[Goodtoreadthis1]

Allkem and Core Lithium are both reporting higher prices for LI quarter over quarter. The spot price for LI jumps all over the place. Pilbara reports on Aug 24th so we can see what they say. Parts of the Chinese economy are struggling;but EV car sales in terms of units sold seem to be onthe increase because of price cuts and generous gov't subsidies.