Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the 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.
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.
Looks like the CEO won't be buying - what gives?
Would be good to see directors buying shares. Always looks good to investors.
This is another good reason for giggling around with power hungry tasks i.e dewatering
Just as we were discussing smelting, look what popped up inthe Telegraph!
https://www.telegraph.co.uk/business/2024/03/10/british-battery-plants-cheap-power-china-dependence/
....British battery metal refiners and electric car gigafactories are being handed cheap power deals by the Government as part of a battle to cut the West’s dependence on China.
Companies will get the energy relief from next month with the aim being to boost domestic production of key minerals needed for wind turbines, electric cars and defence technologies, officials and executives say........
continues
CUSN could 1.sell the concentrate, or 2. pay a smelter to do the smelting then sell the tin or 3.it could set up a smelter itself.
3 would require more capital, and might result in smelting using high priced UK energy. However HMG might help if it wishes to provide the UK with a resilient source of tin. 2 seems quite likely if as pawgee points out there is a smelter available nearby. That would incur additional transport cost.
1. might not achieve a benefit for Western resilience, but could be redirected if there was no long term sales contract/offtake agreement, if the need arose.
It would be interesting to find out if the waste recyclers would be in a position to smelt the concentrate. I think I heard one was setting up in Plymouth.
I believe the 9th largest tin smelter globally is located just on the other side of the English Channel (Metallo in Belgium) , so not far to travel , until decision whether a U.K. smelter is a viable option
Thira 2011 "Please forgive my ignorance, I may have missed something. Mines dewatered, material mined and brought to the surface And then what??? "
What will occur after that will be processing in a process plant on surface to produce concentrate (Permit in place). The process plant to be built if go-ahead given after economic assessment. See:- page 17 RHS image of
https://cornishmetals.com/site/assets/files/4930/cornish_metals_-_corp_ppt_february_2024.pdf
The sale/or further processing of concentrate i.e. smelting- into tin itself, is also to be decided.
You don't bother to refurbish shafts unless you are pretty certain they are going to be used!
Yes ,what sort of transport are they going to use to move the material from the mine once it is processed .The bus service is not great.
Happy days !
Pawgee
I agree, it indicates a high degree of confidence that we will see a green light after the PEA. The clock is ticking, the tin price is rising and management are delivering.
Any thoughts on the RNS today?
IMHO, it seems to be positive news to bring forward the refurbishment of the NCK shaft and the £4m saving involved. I can’t see why BOD would reschedule this aspect of the project plan ( and incur forward costs) unless the likely outcome of the PEA is extremely positive , preemptively moving project forward in most efficient way that will result in the reopening of the mine. We will all know in a couple of months time.