In the first 5 minutes of trading today volume is already more than the entire day on Friday. It went up a penny too so currently sitting at 27c - 4% increase. Hopefully bodes well but I probably just jinxed it.
I think it was an input error one day last week. The transaction was immediately reversed. Don’t think it showed up on the aim graph but it was on the cusn.l on yahoo. It was put I. As 25.4p I believe instead of 15.4 p.
Anyone know what happens to this when the bank feasibility study metric is reached. My understanding and I may be wrong is that then CM has to start paying their share of costs to keep the interest or renogtiate it. I’m wondering if they will keep it up and if so how as obviously they will need funds for their own interests. Also wondering what impact it will have on the SP if they do or don’t keep the interest.
RE: Telegraph article today Cornish Lithium05 Jun 2021 23:39
Personally I think the direct lithium extraction-DLE - is far superior to open rock mining if and when it becomes a proven method. Check out standard lithium/ E3 metals to name two in the process of perfecting their own methods. If I still lived in the uk I would be invested in Cornish Lithium as their concentration levels are extremely high. Taxation/currency exchange makes it too much of a headache so I’m in E3 instead. The big selling point for DLE is the tiny environmental footprint. In simple terms you pump water out of one hole, extract the lithium only and return the spent brine back to the saMe aquifer. Cornish metals at least provides a little exposure to it and pays some bills for them in the process.