Critica Ltd (CRI)
Hi everyone, thanks for the great advice. Do you have any thoughts on CRI which seems to be having trouble bouncing off lows around 14 - 15 c? Much appreciated.
The Latest Q&A
Answer
Hi David,
We aren’t too close to this $40mn micro-cap and would have to defer to the technical picture, not ideal with the stock down over 90% from its 2021 high. The company lost $6.3mn in FY24 reflecting ongoing expenses associated with exploration and project development, a concern for such a small company. CRI is in the early stages of developing its rare earth projects, including the Jupiter and Brothers Projects in WA but the markets clearly not convinced.
- We see no reason to consider CRI fundamentally, or technically around 1.5c.
