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# Trades 212
Vol. Sold 1,005,444
Sold Value £65.16k
Vol. Bought 3,978,285
Bought Value £255.97k
Cornish Metals Inc, up 17% at 6.80 pence, 12-month range 5.99p-15.80p. The Vancouver-based mineral exploration company notes the recent decline in its share price. Over the last five days, the stock has plummeted 34%. Cornish Metals reassures investors and said that "it is unaware of any operational or corporate reason for the price movement."
Cant get any on ig.
This will go back to last week's position 10p+.
34% down is at least 8p
Shorts getting a barbecue treatment. I like mine well done please.
If this was bad BOD would not release a RNS. DYOR.
The Company will release its unaudited financial statements and management discussion and analysis ("MD&A") for the three months ended March 31, 2024 by May 23, 2024.
Ken Armstrong, Interim CEO of Cornish Metals, commented: "The Company is unaware of any reason for the selling pressure on the Cornish Metals share price this week. We believe the PEA reported on April 30, 2024 is robust and represents a strong foundation for further evaluation of the South Crofty tin project. South Crofty is fully permitted for mining through to 2071 and has planning permission in place to construct a process plant and other surface facilities on Company owned land adjacent to New Cook's Kitchen shaft. South Crofty is a strategic high-grade tin asset that is well positioned to take advantage of the strong demand for tin, which we believe due to its critical nature and continued supply uncertainty, is likely to continue to trade above the PEA tin price assumption of US$31,000 per tonne."
Competitor companies are probably behind it to try and stop and independent supply chain forming in the UK. It is in our National interest to buy this stock. Time to back Britain and hopefully we will get a leader who will put tariffs on countries that manipulate the resource market. Buy to back Britain and make it great again.
I have seen many shares where they are going down BOD do not release RNS. This is the first one in a long time to say otherwise. DYOR
34% down is at least 8p from last week from todays opening.
(Alliance News) - Cornish Metals Inc shares rose on Friday, after falling over the past week, as the company reassured its shareholders.
The Vancouver-based mineral exploration company early Friday noted the sharp fall in its share price this week.
The stock plummeted by 42% from 9.98 pence on Monday to 5.68p on Thursday. On Friday morning in London, however, the price rebounded by 20% back to 6.89p each.
Cornish Metals reassured investors and said that "it is unaware of any operational or corporate reason for the price movement".
Interim Chief Executive Ken Armstrong commented: "The company is unaware of any reason for the selling pressure on the Cornish Metals share price this week."
At the start of this month, Cornish Metals Inc said a recent economic assessment of its flagship South Crofty tin project had produced a promising financial profile, reaffirming the company's confidence in its flagship asset.
Cornish Metals said that a preliminary economic assessment reported a post-tax net present value of USD201 million for its 100% owned South Crofty tin project in Cornwall, England.
Armstrong said on Friday: "We believe the PEA...is robust and represents a strong foundation for further evaluation of the South Crofty tin project. South Crofty is fully permitted for mining through to 2071 and has planning permission in place to construct a process plant and other surface facilities on."
By Sophie Rose, Alliance News senior reporter
Bobat123 17 May 2024 10:12. "The Company will release its unaudited financial statements and management discussion and analysis ("MD&A") for the three months ended March 31, 2024 by May 23, 2024. "
Good info Bobat !
So those major shareholders with board representation and lots of cash to invest, are not able to buy at the moment. Come the publication of the results they will be. Who would want to have a short position then?
And the tin price is up again today.............................
Hopefully see this moving up now
What's happened to Croissant? Lost down the mine?
Gingy
the mm's book has been permantly positive since friday.
ok,ime not saying the seller is still lurking around the corner,hiding.lol.
but atm,there's no seller dumping stock.
Built up my holding to 200,000 on Friday. Not sure how many other bought on here. It is helpful to know if we have PIs telling us they have sold out on the pullback. Share volume activity is greater than 72M in a week. I am sure the company would know if Blue vision was selling out. Assuming it is Osisoro pull out of 7.75% only PIs and other investors could be on the other side of any selling. None of us have enough visibility to be sure.
As for shorting does anyone have an account with Ortex. Can they also confirm the short interest is only 0.005% on Cornish Metals.