Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
They were calling it the Triple Crown Battery Metals Panel. Copper, graphite and tin. Happened on 22nd. Tim Moody from Pan Global Resources, Richard Williams from CUSN and Greg Bowes (Northern Graphite). The email link is now defunct. I didn’t register to watch so no idea what juicy nuggets of information I’ve missed.
Happy Xmas.
ESG seems to have been the theme of the year. My son’s firm is making its pension fund ESG friendly. I’m free to invest my SIPP where I like, but I can see how pester power or family disapproval could have an effect over the long term. So far nobody has asked!
At Christmas I will be steering clear of discussing investments and also hope to avoid veganism, vaccines, politics and house prices. Merry Christmas all.
So, yesterday Irene from Cornish Metals emails about an investing in tin seminar and also a virtual webinar this morning, and now here we are up over 12% on the day.
I would encourage everyone to make sure they’re on the Cornish Metals email list as that’s a very good way to make sure you receive the latest results and notification information.
Merry Christmas all.
Using the TXP share price as a proxy for how wealthy I feel day to day, last week I bought the sub £200 Baumatic dishwasher.
On reading the RNS this morning I thought perhaps I should have held out for the £400+ Bosch, but the (unpredictable “) market tells me otherwise.
At least with prices this depressed, I’ve been able to double my TXP holding during December. In for the long term.
Always appreciate the well informed comment on the board. Merry Xmas all.
I enjoyed it.
Can it be true that average student UK IQ score is under 100? Oh dear!
Anyone know whether that poster’s wife ever got her washing machine?
From today’s viewpoint, £2 would indeed be nice.
Thanks VII very well explained. This highlights why you need to keep your wits about you in the smaller company sphere where insiders may own the majority of shares.
Looking at the Cornish Metals website the significant shareholders do add up to over 50%, but I’m assuming some of them are institutions who would not take kindly to a CL style new shares/ pre-emption waiver proposal.
On the face of it CM has a decent holding in CL the value of which might be affected by the TechMet proposal, but CM also has a royalty agreement with CL which might begin to flow cash sooner with TechMet on board at CL.
So, maybe a lose/win for CUSN.
atb
TGA is listed in London and so will be investable from most self select ISA and SIPP accounts. I use interactive investor for TGA, but Hargreaves will be just the same.
atb
Thank you for the explanations from several posters regarding the relevance of lithium to CUSN. I can also see that until Cornish Lithium floats then this forum is as good a place as any to discuss their prospects. atb
Hi,
I’m struck by just how much this board is now discussing Lithium compared to a few months back when tin and copper were predominant.
I get that Cornish Metals have a commercial relationship with Cornish Lithium…ie. (From CUSN website)
In January 2017, Cornish Metals entered into an agreement with Cornish Lithium Limited ("CL"), a privately funded UK-based company, whereby CL has the right to explore for and potentially develop lithium in hot spring brines and associated geothermal energy on all Mineral Rights held by Cornish Metals through its subsidiary, Cornish Minerals Limited (Bermuda), in Cornwall, UK.
In return, Cornish Metals will have a 25% free carried interest in the first project to have a Bankable Feasibility Study completed on it, after which Cornish Metals will be required to contribute its share of development costs or its interest will be diluted. Cornish Metals will have a 10% free carried interest in each subsequent project that has a Bankable Feasibility Study completed on it, after which Cornish Metals will be required to contribute its share of development costs or its interest will be diluted.
In addition, Cornish Metals will have a 2% Gross Revenue Royalty payable from any production of metals from brines and a 2% Gross Revenue Royalty payable from any geothermal energy produced. …..
And I know that CUSN received CL shares as annual payment for something, so they will now be worth a decent amount.
So, has something changed? Does CUSN have a bigger finger in the lithium pie than maybe 6 months ago? Appreciate your views. Cheers.
Holding mine in an ii SIPP. For previous corporate events in other stocks eg. rights issues, I’ve had to choose from the different options, so I’m expecting something similar to happen in this case.
I know this is a (tender) offer I CAN refuse, but it doesn’t really feel like that this morning. Private Ukrainian companies aren’t my usual stomping ground. atb
That’s an interesting thought, although I’ve no idea how likely it could be. So, assuming all shares could be bought back in and cancelled, who would be left owning the business? Wouldn’t a 20% shareholder be just as cancelled as a 0.001% one?
Hi Kenny,
You won’t be alone in having 90% in one asset. Many small business or property owners will be in the same boat.
The difference here is that you could diversify if you wanted to.
But hey, so long as you have a long enough time horizon to rebuild should TGA tank, and it’s just your money, then why not?
I’m about 10% down now, but will stay for the ride (and hopefully a big fat dividend)
atb
An article has appeared on Times.co.uk website.
In essence, UK likely to sell various armaments to Ukraine to counter risk of future takeover by Russia once nordstream2 pipeline in use (bypassing Ukraine). Suggests meddling at moment would be counter productive as needs existing (through Ukraine) pipeline for Russian gas exports.
Maybe it’s matters like these which weigh on investors and keep the SP lower than it might be if JKX was drilling on the Isle of Wight.
Link below (paywalled).atb
Britain in talks to sell missiles in first arms deal with Ukraine.
https://www.thetimes.co.uk/article/47fa87a6-31ed-11ec-afd6-aa3ee2eb8a34?shareToken=70f4ddf64514c8c5aadc0abcbe5d8b8e
Thanks HENRYKISS. This Money Week article from June “Thungela fails to catch fire” (lol), is absolutely the ONLY article my iPhone shares app offers me on TGA. Makes me wonder, has anyone seen what the recent broker notes have to say about legacy cleanup costs? Boatman was arguing for TGA having zero value, but the reality is that the market disagrees. GLA
General Question - Who owns the drilling data?
Hi, on various boards I see references to drill data from other companies, data which is often decades old. Do companies have some sort of obligation to publish drill data (which is obviously commercially sensitive for a quoted company)? Does this mean that there’s a big database somewhere for prospectors to research? Or can any company keep its drill data private? This isn’t my professional area so I hope the question makes sense. Cheers
I have some sympathy for chickadee. Essentially commending the quality of the board, but then inadvertently overgeneralising about the members’ demographic and setting off all these negative responses. I too gained the impression of an overwhelmingly male BB, with just the occasional obviously female contribution. The lady with the tall, shotgun wielding husband springs to mind.
Chickadee is perhaps from a country far far away and may have no concept of some individual’s sensitivities.
ATB
My background adverts have changed from watches to wine merchants. I think of it as the Bunsa effect. Wines certainly look better value than the watches. Cheers
I’ve decided I’m feeling like I would if I’d gone to the casino and found the roulette table. My stake is on the table. I’m expecting a positive outcome, so more black than red. Not really sure whether we will get a big number like 10 or perhaps just 2 (%). Either would be positive. But the problem is that the croupier has gone on a break and I’m still hanging around waiting for the wheel to spin. And waiting. Hopefully our patience will be rewarded.
Cheers
Trading is not my day job or even my day hobby, so I get by with one main screen and an old second one, but how do you really keen traders set yourselves up? Presumably more screens = more info and faster decisions.
Anybody with more screens than a flight simulator?
Cheers