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I've bought back in today having previously sold at a 50% loss due to need of funds for a house purchase.
This was always a long term hold but circumstances change.
Only at 50% of target weight for now
Now is the time to buy at this price. Don't look back in few months and say to yourself I could have bought these at 10 pence.
It says: "Buy while it's at the bottom sp"
Gingy, the SP has loads to fall yet. What plan?
The more I read about it, the more I like this company. The share price at the moment seems a bargain. Good times ahead if all goes to plan.
Do any of you fine folks know when we are due our next update? Thanks in advance.
Pawgee Thank you for your reply. That sounds interesting. Looking forward for news to come. If the PEA comes in better then expected hopefully we should see a nice push north. All the best mate.
Gingy
IMHO I think the route to build the process plant and further infrastructure will be down a project finance route, where debt is paid with future cash flow, or one of the big boys, Glencore/ Rio Tinto /BHP will come in with a buy out offer.
Can’t see VBR diluting their majority shareholding. Remember Sir Mick Davis has recently raised $650m, so raising capital for a project like this should not be a problem ( obviously he has many other portfolio projects needing funding) but it demonstrates finances are available to people who know what they are doing…….. not many have a better CV than him!
Interesting times ahead. DYO, but I’ve spent 3 years following this one and see more positives than negatives.
Will there be a fundraiser if PEA comes in good to build progressing plant, and infrastructure to get this up running?
100/100
CUSN have never disguised the fact that their initial fund raising objectives were to reach the PEA and conclude the feasibility study, together with getting the mine in shape for an investment decision to enable production in 2026 ( obviously depending on positive outcome) The team at VBR , main shareholder, are mining industry heavyweights so imho don’t see any issue with the long term production funding.
Drop in SP on Friday with Richard Williams departure, only erased the 9% increase the previous day.
Time will tell with this one, but I’m staying fully invested
This is AIM and there are just few stocks which have enough cash LONG TERM.
I don't want to get involved in any kind of baseless discussion just because someone wants to buy in cheap. I've seen that already many times.
Last drop had nothing to do with cash but was caused by imo overreaction to the departure of Chief Executive Officer ("CEO"), Richard Williams.
Hermanusinclas: I agree with 2reincarnated, not enough cash long term.
THERE IS MORE **** IN YOU THAN IN THE RIVER THAMES
"Cash at the end of the period (31.10.2023): $31,579,386"
So...what are talking about?
That sounds about right, knowing my luck.
Placing at 2p probobly
Do we have enough ideas for Richard Williams departure?
the departure of richard williams was not on my event horizon and will be interesting where he emerges in the sector, but comforting he can add in a consultancy capacity.
the pea is only a few months away and anticipate some substantial resource increases based on the last set of preliminary drill results. i’m sure we will all be doing some back of *** packet sums on potential after this. getting cavendish onboard for future placing sends out a positive message. will soon find out if my optimism is misplaced!
the departure of richard williams was not on my event horizon and will be interesting where he emerges in the sector, but comforting he can add in a consultancy capacity.
the pea is only a few months away and anticipate some substantial resource increases based on the last set of preliminary drill results. i’m sure we will all be doing some back of *** packet sums on potential after this. getting cavendish onboard for future placing sends out a positive message. will soon find out if my optimism is misplaced!
There's not much going to take place here until 2026 when we get into production. There's got to be a placing to drum up more money to go forward.
I've been watching this for like ever it seems - I noted the dual broker announcement - assumed a placing would be on the way then the CEO departs lol
You don't know the reason, do you? It may be something not connected with the company like health, family etc. Take advantage and top up as I and many others did.
Just noticed there's some chunky buys going through. That's good to see.
Hi bonker99, doesn't look good leaving this early in the process for the share holders.