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Checkout the RNS from 16th:
"
February 16, 2021
Cornish Metals Inc. (TSX-V/AIM: CUSN) ("Cornish Metals" or the "Company"), a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, is pleased to announce the following:
· Admission of its Common Shares ("Common Shares") to trading on the AIM Market of the London Stock Exchange ("AIM") ("Admission");
· Dealings will commence at 08:00am GMT today, Tuesday, 16 February 2021, under the ticker "CUSN" (ISIN: CA21948L1040). The Company's Common Shares will continue to be listed and traded on the TSX Venture Exchange ("TSX-V") in Canada;
· Closing of the oversubscribed £8.0 million placing of Common Shares with institutional and other professional investors (the "Placing") through SP Angel Corporate Finance LLP ("SP Angel") and H&P (Advisory) Ltd ("Hannam & Partners");
· Closing of an additional investment of approximately £206,000 raised through an offer to high net worth investors by Minexia Limited's wholly owned platform 'NR Private Market' ("Minexia" and such investment, the "Subscription");
· A total of 117,226,572 Common Shares were issued pursuant to the Placing and the Subscription (together the "Fundraising") at a price of 7 pence per share (the "Placing Price") raising gross proceeds of circa. £8.2 million (approximately C$14.44 million based on the February 15, 2021 exchange rate) for the Company;
· Upon Admission, the Company will have 267,145,157 shares issued and outstanding;
"
Plenty have been churning through in the last few days; probably a few selling up on TSX and buying here since they are cheaper!
Good luck
She likely has some connection with Mark Greenwood. Interestingly enough Doris both Pure Ice and Doris now have exactly the same holding of 261,478,810 shares (15.06 %); I wonder if Mark Greenwood will increase his 13 % holding to match?
Maybe the vote in Ecuador to ban big mines has something to do with the SOLG drop - see https://www.mining.com/web/proposal-to-ban-big-mines-put-to-vote-in-southern-ecuador/
Short term moves in my view in GGP so I'm staying here.
The drills are not deep and there are only six of them so it won't take 'months' after drill completion. We might get some XRF indications prior to formal assay results and or visual core pictures published - depends how they want to play it. Apart from that in a matter of weeks we should get modelling results back from the surveys.
Yes you can't rely on this site. The official one is : https://www.londonstockexchange.com/news-article/LEX/operational-update/14848845
The founders probably want to participate in any stock offering and receive free warrants so they can cash out later with a tidy profit - plus it gives a public valuation of the company so that the institutions etc are provided with a further opportunity to invest. The crowd fund people can also have the chance to cash out and realise their profits.
I'm amazed anyone want's to try trading this at this barmy spread for what must be just a few hundred profit! I'd rather wait for exploration results for real gains and not just pocket money. Everyone has zero patience it seems these days.
The trade in question was a Negotiated Trade (N trading flag) that due to the volume involved could not be satisfied automatically so had to involve a manually placed trade to get the stock at the price shown (the mid price of the published spread at the time).
I agree, sell or JV with a major is the way to go with any discoveries that look economic. I think the former members of the RLD management team involved in the Corundum mining disaster that was supposed to be a profitable Sapphire mine will be keen to make back some of those losses by making a success of Lexington.
"IMHO sell and invest the money elsewhere and come back in 2 to 3 years when things will start moving." posted by you ate 12:51 yesterday - sounds like advice to sell to me!
No doubt the sellers are the fantasists from before the RLD suspension predicting a relisting at 4-5p.
Mr Greenwood thinks nothing about your advice to sell ;-)) Follow the money and have a nice day but, please remember to do that research!
As far as I know they have about 27% of HUR and CA are in at an average of about 11p : will be take more to average down further? I think the oil price will improve faster than the well will deplete. If there needs to be a placing I'm sure CA will participate and I will wait until then.
GLA