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CRR - CRITICAL RESOURCES LIMITED


blacksheep
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What "inferences"? I gave a bit of a background into SOC, which went onto become 4CE, and GTT's involvement with both. I certainly don't recall suggesting GTT was involved with the lithium acquisition.

If GTT was not involved with the lithium acquisition then what is the relevance of posting about GTT?

 

Rocco is 4CE, who acquired the nearology ground near AVZ

To my understanding, whoever wrote the above comment was/is misinformed. Rocco retired from 4CE months before the lithium acquisition, which appeared to be facilitated by Jason Brewer. I posted the chronology in my previous post.

 

Recent behaviour of GTT... VKA

How is this related to 4CE, which is a company run by Sanders, Brewer and Fry? It seems like some VKA shareholders were/are very confused believing GTT brokered the 4CE acquisition.

 

:blink:

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If GTT was not involved with the lithium acquisition then what is the relevance of posting about GTT?

Already said - "I gave a bit of a background into SOC, which went onto become 4CE, and GTT's involvement with both" - read my original/first post - BACKGROUND for those who do not know about the previous history . Again, I don't recall suggesting GTT was involved with the lithium acquisition. How many more times must I explain it to you?

 

You then came along quoting GTT and the long list of links

 

To my understanding, whoever wrote the above comment was/is misinformed. Rocco retired from 4CE months before the lithium acquisition, which appeared to be facilitated by Jason Brewer. I posted the chronology in my previous post.

 

Poster - ddzx - https://hotcopper.com.au/threads/ann-requis...98#.Wwf6ukiFO70 - you might want to take it up with him on HC?

 

Recent behaviour of GTT... VKA

 

It was another example of how GTT buy up assets. In this case, according to management - "GTT requested your company invest in its own offered mineral projects"

 

I'm really confused as to why you are going down this long winded debate about GTT - what relevance does it have today?

 

 

 

 

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So we are now happy that the GTT reference contained in my very first post (back in March) was just background info - how GTT became involved on SOC initially and the circumstances of them needing to divest shares, and ultimately existing - cool. The very reason I provided that link to the Takeovers Panel It was quite a story, and an insight into alleged non disclosure of "related parties". A good example to take on board when doing your DD into any company

http://www.takeovers.gov.au/content/Displa...ns/2016/012.htm

 

16-344MR ASIC appoints Morgan Stanley to sell shares in Sovereign Gold Company Limited

https://asic.gov.au/about-asic/media-centre...ompany-limited/

 

 

 

 

 

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Sale of Non-Core Project - Halls Peak Project

â–ª Option Agreements entered into to sell the CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s two Halls Peak Project

tenements located in New South Wales.

â–ª In the event that the Acquirer proceeds with the acquisition of both Halls Peak

Project tenements, Force will receive total consideration of up to $665,800,

comprising $165,800 in cash, $250,000 in shares (upon a successful IPO of the

Acquirer) and a further $250,000 in shares in the Acquirer (at its IPO price) subject

to the Acquirer achieving aggregate sales of an amount equal to $2 million or

greater from the Halls Peak Project.

â–ª Force Chief Financial Officer and Company Secretary Michael Fry has been

appointed a Director of acquirer XS Resources Limited and will play a pivotal role in

the planned ASX Listing of XS Resources Limited and realisation of value for Force.

 

We have a vested interest in the planned IPO of XS Resources performing well and to this extent we

strongly support the role our Chief Financial Officer/Company Secretary Michael Fry will play as a director

of XS Resources in assisting it to successfully complete its IPO and in the advancement of the Halls Peak

Project in his capacity as a Director of XS Resources. It is to be noted that Michael Fry has played no role

in the negotiation of terms for the acquisition of the Halls Peak Project either from a Force perspective or

from an XS Resources perspective.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

 

ASIC search shows XS Resources Limited Application For Registration as a Public Company was dated 2/3/2018. Might be a while before it's listed for IPO

 

Name: XS RESOURCES LIMITED

ACN: 624 766 114

Registration date: 2/03/2018

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  • 6 months later...

Updated Top 20 shows a few changes - most notable is 1620 Capital Pty Ltd who held 16.8 mil shares in March 2018, now hold only 3.8 mil shares. Jason Brewers ex partner, Claudine Louise Maynard, has also reduced her holding by 1 mil shares. Insiders selling at this early stage is never a good look,IMO. The SP had reached a high of 10c at the beginning of the hype - currently it's 1.6c.

 

Top 20 Holders as at 3 December 2018

Rank Name Units % of Units

1. MR JIHAD MALAEB 22,969,673 5.42

2. MR BILAL AHMAD 14,370,000 3.39

3. MR SUFIAN AHMAD 14,165,000 3.34

4. THREEBEE INVESTMENT GROUP PTY LTD 11,000,000 2.59

5. MS CLAUDINE LOUISE MAYNARD 9,000,000 2.12

6. MR PAUL FREDERICK TOWNSEND 8,300,000 1.96

7. J P MORGAN NOMINEES AUSTRALIA LIMITED 6,154,251 1.45

8. BAB SUPER FUND PTY LTD <BAB SUPER FUND A/C> 5,500,000 1.30

9. MR JARRYD RAMSAMOOJH 5,110,000 1.21

10. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 4,856,372 1.15

11. MR LUFUNGA MBAYO PELESA 4,250,000 1.00

12. MRS ILUNGA NKULU SYLVIE 4,250,000 1.00

13. MEDEK INVESTMENTS PTY LTD <MEDEK SUPER FUND A/C> 4,131,858 0.97

14. ATTOLLO INVESTMENTS PTY LTD <ATTOLLO INVESTMENT A/C> 4,079,928 0.96

15. CITICORP NOMINEES PTY LIMITED 4,002,174 0.94

16. MR HITESH CHAG 4,000,000 0.94

17. DAVY CORP PTY LTD <DAVY INVESTMENT A/C> 3,900,000 0.92

18. 1620 CAPITAL PTY LTD 3,886,800 0.92

19. MR JOHN DIXON 3,800,000 0.90

20. CHIA PARK ALPACAS PTY LTD 3,700,000 0.87

Totals: Top 20 holders of ORDINARY FULLY PAID SHARES (TOTAL) 141,426,056 33.36

Total Remaining Holders Balance 282,489,812 66.64

 

 

TOP 20 SHAREHOLDERS AS AT 1ST MARCH 2018

Rank Name Units % of Units

1. 1620 CAPITAL PTY LTD 16,843,334 4.01

2. MR JIHAD MALAEB 16,369,673 3.90

3. MR SUFIAN AHMAD 14,650,000 3.49

4. MR BILAL AHMAD 13,600,000 3.24

5. THREEBEE INVESTMENT GROUP PTY LTD 11,000,000 2.62

6. MS CLAUDINE LOUISE MAYNARD 10,000,000 2.38

7. CITICORP NOMINEES PTY LIMITED 8,260,093 1.97

8. J P MORGAN NOMINEES AUSTRALIA LIMITED 8,193,885 1.95

9. MR BIN LIU 7,000,000 1.67

10. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 4,928,366 1.17

11. HOATZIN HOLDINGS PTY LTD 4,875,000 1.16

12. QUETZAL NOMINEES PTY LTD 4,875,000 1.16

13. MR VIKTOR POZNIK + MRS VESNA ANNA POZNIK <THE POZNIK FAMILY A/C> 4,592,560 1.09

14. ATTOLLO INVESTMENTS PTY LTD <ATTOLLO INVESTMENT A/C> 4,499,935 1.07

15. BAB SUPER FUND PTY LTD <BAB SUPER FUND A/C> 4,400,000 1.05

16. DAVY CORP PTY LTD <DAVY INVESTMENT A/C> 4,400,000 1.05

17. MR LUFUNGA MBAYO PELESA 4,250,000 1.01

18. MRS ILUNGA NKULU SYLVIE 4,250,000 1.01

19. MR JOHN DIXON 3,800,000 0.90

20. MEDEK INVESTMENTS PTY LTD <MEDEK SUPER FUND A/C> 3,651,010 0.87

Totals: Top 20 holders of ORDINARY FULLY PAID SHARES (TOTAL) 154,438,856 36.78

Total Remaining Holders Balance 265,477,012 63.22

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  • 3 months later...

Another previously much hyped stock that's looking rather sick ATM. Hyped up to 17c - now 0.008c. Cash in kitty $398k with outgoings March Qtr $171k. Has managed to sell some of it's non core assets - the previous SOC projects - for $250k and expects a refund of environmental bond worth $30k. Should keep the lights on for a bit longer.

 

Looks like 1620 Capital may have completely sold out or is below the #20 position - no longer shown on Top 20

 

Twenty Largest Shareholders as at 25 March 2019

 

1 Mr Jihad Malaeb 22,969,673 5.41

2 Mr Bilal Ahmad 14,370,000 3.39

3 Mr Sufian Ahmad 14,165,000 3.39

5 Threebee Investment Group Pty Ltd 11,000,000 2.59

6 Ms Claudine Louise Maynard 9,000,000 2.12

7 Mr Paul Frederick Townsend 8,300,000 1.96

7 JP Morgan Nominees Australia Limited 6,462,233 1.52

8 BAB Super Fund Pty Ltd <BAB Super Fund A/c> 5,670,000 1.34

9 Mr Jarryd Ramsamoojh 5,110,000 1.20

10 HSBC Custody Nominees (Australia) Limited 4,854,451 1.14

11 Mr Lufunga Mbayo Pelesa 4,250,000 1.00

12 Mrs Ilunga Nkulu Sylvie 4,250,000 1.00

13 Medek Investments Pty Ltd <Medek Super Fund A/c> 4,131,858 0.97

14 Attollo Investments Pty Ltd < Attollo Investment A/c> 4,079,928 0.96

15 Mr Hitesh Chag 4,000,000 0.94

16 Mr Poh Seng Tan 4,000,000 0.94

17 Davy Corp Pty Ltd <Davy Investment A/c> 3,900,000 0.92

18 Mr John Dixon 3,800,000 0.90

19 Citicorp Nominees Pty Limited 3,780,769 0.89

20 Chia Park Alpaca Pty Ltd 3,700,000 0.87

Total: Top 20 holders of ordinary shares (Total) 141,793,912 33.40

Total remaining holders balance 282,721,956 66.60

 

Odd comment in the AR from the auditors

 

Basis for Qualified opinion

For the year ended 31 December 2018, the Group capitalised exploration and evaluation expenditure of

$1,660,814 for the Kitotolo project and of $1,019,398 for the Kanuka project as disclosed in Note 13 to

the financial report. The Directors were unable to provide us with the financial records to support this

expenditure. As a result, we were unable to obtain sufficient appropriate audit evidence to satisfy

ourselves of the existence, accuracy and validity of these expenses. Consequently, we are unable to

determine whether any adjustments to these amounts were necessary.

post-330173-1554873337_thumb.png

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  • 2 years later...

Force Commodities up from 1.5c to 3.5c in the second half of May. Volume was well above average on both days and increasing with 16 million shares traded yesterday and 34 million shares traded today.

 

The ASX issued a Price and Volume Query but the company says it has no idea what is causing the unusual trading in its securities and didn't even speculate as to possible reasons. There has been no news at all from the company during May, so the increased trading volume and share price over the last couple of days does remain a mystery, at least for now.
... and then,...... a bit of repositioning. Change of direction?

 

 

On 01 June, 2021, Force Commodities Limited (4CE) changed its name and ASX code to Critical Resources Limited (CRR).

 

 

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Critical Resources Ltd (CRR)

 

 

The Company and its shareholders have faced some tough times, and the 2020 Financial Year was unfortunately no different. Despite this, the Company was successfully re-instated to official quotation on the Australian Securities Exchange in November 2020, following the acquisition of the Block 4 and Block 5 copper projects in Oman.

In February 2021 significant changes were made at the Director and Executive level. These changes marked the commencement of a renewed focus by the Company on providing shareholder value through the exploration, development and advancement of their long-held NSW assets and also of our newly acquired Copper assets in Oman.

 

 

New Board members have recently completed a three-day site visit as part of the ongoing prospectivity review at our Halls Peak tenements in NSW where past drill results have intersected, near surface, high grade, massive sulphides with Zinc (Zn), Lead (Pb), Copper (Cu), Silver (Ag) and Gold (Au). Historical data indicates potentially large-scale base metal mineralisation that warrants a significant drilling program as 2016 drilling showed spectacular intersections. Historical data is also being incorporated into 3D models focussing on completing new modelling of VTEM data over deep conductors. We hope to share these results with the market shortly.

 

I assure you the Board is aligned with our shareholders and is working without impediment to test Halls Peak properly once and for all. We look forward to updating the market as this exciting project is revitalised.

 

The Board has also been working alongside our in-country partners in Oman to progress both the Block 4 and Block 5 tenements and whilst there has been some challenging news around Block 4, the Board is confident we can negotiate a positive outcome for all stakeholders in this matter. The Company is working towards the extension of the Block 5 tenement whilst it reviews opportunities for the commercialisation of the asset.

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