Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
More Tin is good, hopefully a PFS prelim feasibility study not far away from completion?
Don't know on that front vii.. Details are sketchy at the moment. But seems likely to me CL will feature somewhere in the mix. Menell is creating quite an expansive network of complimentary contacts in all this recent activity. There's a lot of coincidences lining up here imo.
See how this unfolds but it's potentially an interesting tie up . If it plays out it could ultimately be beneficial for cusn.
ATB LB
LB
Good spot! If I remember correctly Techmet secured marketing rights over CL production when it invested its first £9m. This time, it seems to me that Techmet has secured rights to supply the chemicals needed to produce the Lithium Carbonate. One wonders if the supply will have to be at an arms length price, or if this is a way of giving a superior return to a large investor.
Exclusive Lithium supply deal for Techmet.
https://www.prnewswire.com/news-releases/mitra-chem-announces-new-investment-and-partnership-with-techmet-mercuria-301925160.html?tc=eml_cleartime
ATB LB
Apart from the Mining conference in Falmouth this week, CUSN appears later this month to be about to do a roadshow/number of presentations with Hannam & Partners.
The company has just produced a new fact sheet which has appeared on their website:-
https://cornishmetals.com/investors/fact-sheet/
The graph on the RHS of page two is particularly interesting. It shows the potential to increase just the South Crofty resource 5 fold to 20m tonnes or around 325,000 tonnes of contained tin. At the current $25,000 per tonne that is a lot of potential value! Compare the NPV of that after expenses, with the market cap of £68m !
Evening Vii,
Thanks a million for this. Interesting report - Good skills. You're a legend. Can relate to the sloth like pace of Cornwall's planners. I had the pleasure of dealing with them on a domestic matter a few years back. Frustratingly slow and we faced a lot of local nimbyism barriers. My experience was the parish council wielded a lot of clout. The 'Alps' may straddle several boundaries - Fraddon to Bugle - big area? Outline to build on a small infill plot is nothing compared to BL's project... but 4 years!
EA under staffing already affecting other local matters which we know about (eg noise license). Impressive numbers though and the big plus I can see is it's putting South West Li production on the map, the optics of which may benefit other projects in the area - Not just lithium.
Sadly my TUN visit is looking like it's in the balance which I'm mightily hacked off about. Manic workload meant I couldn't get down today :(. Looks like Friday's session is now booked out but I'm on the reserve list. Got everything crossed so I can repay the favour. Plus I really wanted to see first hand how they've progressed those processing lines and the fit out since that last video. I was also interested in potentially rubbing shoulders with JmF (we share a mutual friend so there's sort of an 'in') and finding out why he's still knocking about down there??
I'll let you know either way what happens later this week. Looking shaky though.
@Natnrg - good to see you too buddy - hope you're well. Good luck here, it's a fairly long haul to production, but we're used to that... progress here will seem like lightning. Big bonus is none of the research documents need translating or accessing through a VPN :). CUSN is a very pleasant and friendly board with good info. V refreshing. I wish you well.
Cheers.
ATB LB
LovelyBoy
Key points from trip around British Lithium/Imerys pilot plant
The BL of extracting Lithium from the rock is one of the simplest and most efficient. Several of the processes are patented by BL. They expect to be producing 20,000 tonnes of Lithium Carbonate per annum when their main plant comes on stream. At full scale they expect the production cost to be around $6-7,000 per tonne. This compares well with other rock production methods, but may be more than the cost of production from brine (underground brine not seawater)
BL expect that the gaining of planning permission will take 4 years! The general election and council elections are expected to cause delays and the EA is short staffed. (Surely HMG should do something about that! )
The site is well located, an electricity supply runs nearby as does a road link. The jv with Imerys gives 1500 acres of already industrialised land, not only ore bearing but also for waste disposal. One advantage that Bl's process has is not producing any unpleasant waste products.
To begin with the proven 40m tonnes of ore can produce 2m tonnes per annum for 20 years which will give around 20,000 tonnes of carbonate per annum. But BL thinks it can boost its reserves 4x up to 160m tonnes. The Cornish Alps are unlikely to be a source of ore as the amount of mica in the waste tipped varies considerably . The other potential by product- China Clay- is not thought likely to have a significant value.
It seems to me the UK has just what it needs here,- a critical metal in abundance and if the authorities could get their act together it could come on stream when needed by the likes of JLR, Nissan and Mini. On present form it will arrive in 2029......earliest.
Vii.
Thank you for taking the time to respond with reasoned and easy to understand comments.
Its refreshing to see someone being civil on Lse... No doubt when CUSN starts getting more attention this board will also be diluted by D heads.
Natrg
I too hope CL is a great success.
However, the "big boys" are also being offered options so if the business is a huge success, the benefits will not accrue pro- rata to shareholders.
The concerning matter is that the UKIB (UK infrastructure bank ) has shown its hand. This is its first equity deal. It appears to be looking for returns of multiples of its investment - whilst leaving not a lot on the table for small or existing shareholders. All other SW mining company shareholders should watch out. If their company is seeking finance from this state body, they can expect an inequitable ride. The moral of this story is to ask your BoD if, when raising finance, they intend to offer the same deal to all existing and new shareholders alike. If they say no, or do not answer, expect severe dilution/wipeout.
Yes..... I had read the comments on here and I was aware that it wasn't the best for us little PI's, bet others won't be tho.
To be fair, I used to being manipulated and given the short straw on the stock market, I just hope, in time my investment returns a little more than I paid for it, which, i hope, will happen.
Gotta be in it to win it.... (and all that).
I hope the new Crowdcube investors have read and understood the deal being offered to new investors EMG, UKIB aswell as Techmet an existing shareholder. What these "big boys" get is a far superior deal vs existing shareholders and new crowdcube investors. For every pound the big boys put in to their deal, they get up to three times as many shares as existing investors or new crowdcube investors.
In my book it is called value transfer and value dilution. BEWARE
Raised £1,000,000 within 30 mins.
Ps lovelyboy, nice to see a fellow 'Euarasian' with an interest here too.
i have to admit a **** up. it is emg (and ukib) that are new investors in cornish lithium not erm. there are no representatives of emg as far as i know at the conference.
Nice one. I can't make it down to Falmouth I'm afraid.
I'm really looking forward to having a wander round Hemerdon. Maybe we can compare notes end of next week.
Good luck with it.
All the best matey.
LB
HI LB
I am trying to go to a couple of meetings. Will take a few notes to share.
I see ERM (Investors in CL) are sending a couple of representatives- Simon Tillotson and Michael Cronwright - Might be interesting to hear their views on extracting lithium from brine.
For your TUN interest Adrian Bougourd from Lansdowne will be there, and Ex TUN James McFarlane too.
@Vii, Messaging you here as you're more likely to see it.
I'm still hoping to walk round Tungsten West next week on one of these site visits. Probably Tues or Friday. If I manage it I'll report any findings on that BB.
Busy week so I can only really fit one in - even then it will be dependent on work commitments.
I notice from the application form that Cornish Metals is already fully booked out, as is Cornish Lithium and Wardell Armstrong's lab.
Did you manage to book on one of these? If not you may be too late.
ATB LB
BTW if you are still following the S.A. REE project - some interesting developments there this week.
^^ Sorry CUSN investors for all the blatant cross ramps. ^^
Looks a good addition to the exec team.
A strong background, with plenty of experience.
Fantastic news. Great to see all the images which bring home the huge effort that all are making to bring back South Crofty.
Thanks LB.
Morning all. Spotted a couple of posts regarding WTP and dewatering. Must be getting close to switch on.
https://www.linkedin.com/feed/update/urn:li:activity:7101252725362810881?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7101252725362810881%29
https://www.linkedin.com/posts/colin-smith-a3a57a79_pipework-fabrication-southcrofty-activity-7100466528382275586-xMzT?utm_source=share&utm_medium=member_android
https://www.linkedin.com/feed/update/urn:li:activity:7095690480352391168?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7095690480352391168%29
ATB LB
Yes.. 15K @ 2.2 ave.
Hit $4 yesterday.., thinking of trading this now - sell / buy back.
On yahoo usual talk of this will hit 15,20,…
Maybe one day but it’s about making £££
Not looking confident here with CUSN , ATM!!
Yes, doing very well at the moment. Do you hold any ?
If CL can start DLE production from the brine it would be great for CM. That was partially why I bought into them initially but then used my gains to add to my E3 . Depending on timing I may well buy back into cusn but I want to ride E3 somewhat longer.
…and on the rise!! Fingers crossed for more of this.
Good luck
This sounds like we have been down this road before !!!!!
It would depend on the market cap of the company.