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Group, Gunvor Group Ltd. and Trafigura Group Pte Ltd. The figures underline the importance of trading in the record profits delivered by the European oil majors last year.
More than half of the total, some $37 billion, came from TotalEnergies, Shell and BP, according to the research. That beat the $28 billion made by the trio of big Swiss trading houses.
“Volatility plays perfectly into the hands of these companies,” said Oswald Clint, an analyst at Bernstein.
Some of the world’s biggest commodities traders doubled their profits to around $77 billion last year as global energy prices soared following the easing of pandemic restrictions and Russia’s invasion of Ukraine.
People will start to realise how big CMRS could become in the coming years....
with £700k Mcap 10 bagger is £7m,
20 Bagger £14m
100 bagger £70m
trading commodities group are over $100Billion company.
which one is CMRS in talk with????
I don't think the TR1 seller took part in the placing as he sold out,
today's RNS has another money making platform, the mentioning of trading commodities partnership, with a leading commodities global partner.
TR1 probably kicking himself for letting go of his 22% holdings...... clever move by the management.
Petroinvestor
glad to see you on here, you know what this means
Sp will rise significantly higher next week or two.
I did say you are my lucky charm.....
multi bagger coming
Copper shortage looming
copper going vertical and CMRS will
https://twitter.com/crofin67/status/1768664128967643604?t=4mIpDRGSSyevtfLSfUEpZA&s=19
Your TR1 seller Jason Cropper has quite an illustrious past being the man who once acquired chunks up to 16% of PYC around 2014 / 15 time forcing the SP up over 150% in a few trading days to 16p and massive volume - then subsequently quickly selling either because he couldn’t buy more stock or simply took good profit causing the SP to tank back down to 8 or 9p and having everyone’s pants well and truly pulled down
Obviously successful for him that time, but not so this time having his pants well and truly pulled down in return - what goes around comes around !
Interesting stock and potential - I think I’ll grab some next week 😊
I don't know how they could have done it but I do wonder if, given that Cropper was just a chancer with no mining expertise, the board somehow engineered his exit. I doubt they liked him owning such a large chunk of the business.
Jason Cropper was definitely a chancer, he probably ran out of patience,
Jason is a multi millionaire from Lancashire, he was on the news few years ago for being attacked and robbed in his own house,
however I do think He's not a mining guy, hence didn't understand what's copper can bring in the future.
this can easily do 10 Bagger in short term with the Big Commodity trader taking keen on CMRS presence in the Morocco.
Commodity Traders makes more money than Miners, so this could be very lucrative for CriticalMinRes!
Just think CMRS doing a deal with the likes of Trafigura,
most of these commodity trading Group making billions in profits.
just a slice of this will propel CMRS to £20m+ Mcap
click below
https://www.bloomberg.com/news/articles/2023-05-03/biggest-commodities-traders-made-profits-of-77-billion-in-2022?embedded-checkout=true
Exploration company and getting into Trading Commodities with the likes of Trafigura (yet to confirm the partnership name)
but Trafigura is more likely....... CMRS Mcap only £700j
with Copper high grades, this was dropped from 3.5o to 1.4p because of Distress seller, His out now
Drop is also because of latest share placing. Not that easy to rise after this placing price close to current price.
Once raise is finalised :
expect TR1 officially announing the director / KM Securities buy,
reitterate the 2,666,667 shares remaining held by company treasury,
maybe a new party TR1 from placing as a TR1 is only £28k,
updated number on Total Voting Rights / shares in issue.
Fully diluted share capital should be 86,136,684 (inc outstanding 8,283,174 warrants, 4,400,000 director options )
With a float of 73,453,510
12m owned by KM Securities ~16%
~60m in free float.
Numbers Plus or minus fees.
I was out by 1 share held in treasury 2,666,666, not 2,666,667 😜
And floats slightly lower.
Ps : Placing done. Let’s go up now.
As part of the placing, the Company sold 8,018,647* of the 10,685,313 it held in Treasury. As a result, there remains 2,666,666 shares in Treasury and the total number of voting rights in the Company is 70,786,843.