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For those who have a nervous disposition
https://money.tmx.com/en/quote/CUSN
WOW we have a glass half empty kinda board. Relax it’s all going to come together. Gingy have you bought out of your depth as you are constantly in panic mode? Vii and his conspiracy theories and Tony deramping. FCK me, we need some serious rampers on this board.
I must admit, I would have hoped to see more positivity reflected in the share price after receiving a better then expected PEA report. It doesn't make sense to me with tin commodity prices on the up, and we're going down. We need more clarity on what's happening in the background. Something's not right, we need an RNS.
You are the biggest deramper on here, you’ve sold stop trying to get in cheaper and move on.
Https://uk.marketscreener.com/quote/stock/CORNISH-METALS-INC-119084443/revisions/
Look at the revisions. I have only responded to why some people were asking why it has not gone back to 10p. My last post here. I am not deramping. Another factor is after a seller has left additional buy pressure has to push the price back up and unfortunately the market tailwinds to do that do not come back for several months. Also look at the valuation of other tin mining projects in production of the size of near CUSN as they are quite depressed despite the recent tin peak price.
One post 🤡😂
Valuation
You may be correct
I have seen this on other chats about Cornish metals
There is certainly some groups that are organising themselves to manipulate this
Behave Vii with your stories of manipulation and detriment to LTH. FCK me you think you have heard all the 💩 possible on these boards but people still surprise you with the rubbish they spout. I hope you wrote that after you had a few Vii.
Yes us newbies on the board are in league with the 😈 so beware LTH as we are after you, 👹👿👺😈
In my opinion it is highly likely the share price has been manipulated downwards with the aim of detriment to LTHs. There have recently been a lot of newcomers on this board. Beware what is being written as they may be in league with those who are only self interested and have dubious intent for the rest of us. Vii
Thank you for your reply Valuation-it-is. So hopefully we should receive some confirmation on interested parties. Let's hope so. After all, I can't see who wouldn't be interested. Let's hope our ducks get lined up and we're away.
Tony the 🤡
In case anyone can’t find his seller post
After a lot of reading on other tin mines over the past few hours, I have decided to sell off with a very modest profit. Wishing everyone the best. The project looks fine, but my concern is a pull back on tin prices and what we are seeing is a commodity price top across several metals. I could be wrong and it may go back to 10p and regret not staying with it. However, the price revaluation here may have just hit here a lot earlier than elsewhere in the sector. Good luck to the longer term holders. All the best Tony PS it will probably now close at 7.5p
Tony 😂
Sold out but can’t leave the board and now deramping. You are lower than a snakes belly.
Gingy According to the co broker a roadshow was completed this week.
Does anyone know if talks are ongoing with regards financing? I can't seem to find any information with regards to it .
The reasons why the share price has gone down.
1. On market screener you will see the financial projections have dropped significantly as the company is spending its cash. Analysts revalue the enterprise downwards until growth income is earned unless there is a takeover bid of some kind.
2. Tin prices for the time being have put in a peak. I would expect most commodities to pull back over the coming weeks and it quite happens at this time of year. CUSN has moved down possible before the tin price pull back.
3. The company will need finance and some of that arises from equity. Although the share has pulled back the arrival of news of a bank pledging funding say $75M would double the share price on news. The uncertainty until then depresses the enterprise value.
IMHO, 14 years mine life is just the tip of the iceberg. Once they start infill drilling and move to the newly discovered lodes (Wide Formation, Great Flat Lode & GFL Splay, etc) which are in close proximity to the existing indicated resource used in the PEA, the mine life will likely be extended dramatically. United Downs is also not that far away and may ultimately be linked, so there is a huge amount of Sn / Cu down there which hasn’t been taken into account.
IMHO - VBR are well ahead of the curve on this asset and as highlighted by Vii , should still have plenty of funding to develop out this mine, or get other mining industry players involved
I have no idea why the SP is on its knees, just doesn’t make sense when considered against all the positive evidence. Time will tell, but I’m prepared to play this one out to conclusion.
Could it be that it’s only 14 years of life in the mine that’s dragging the share price down?
VBR probably still has a lot of the recently raised $600+m left. Lansdowne probably wants more exposure to electrification metals. UKIB has just done a deal to fund VFBs at Invinity and would probably like the look of this. Then you have lots of mining companies looking to move more into electrification metals, and US funds such as Techmet, looking to finance projects to increase western critical metals resilience. It gets easier as the tin price rises.
Hope that has cheered you up a bit Gingy.
Or just patience.
We need someone with deep pockets to step forward, or a takeover. Has anyone got any ideas what the outcome is? To me, it's not looking too rosey at the moment. Where's valuation-it-is and croissant??
I've been saying for 3+ years that I expect Copper to hit $8/lb
Interesting article in Financial Times,
Copper price to rocket to $40,000 a tonne, says top trader Andurand.
Price of copper and tin closely correlated, as good for CUSN & also plenty of copper present in shallower seams at South Crofty.
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Read the full article at:
https://on.ft.com/3yy4Z4W
Share price is taking the absolute Pi55 now, getting harder and harder to feed the kids. AIM was never this 💩. Even after quality RNS’ now the share prices struggle, WTAF!
Rant over, it’s the weekend 😘
If they cannot raise the financing easily, they can stop the dewatering process and give themselves several years runway to sort out the funding.
The dewatered miner is a mortgageable asset, valued at 55million. They could use this as equity.