RE: What is happening with the SP?25 Oct 2023 09:52
My thesis here hasn't changed, despite my position being worth half of what it was a short while back.
The world needs tin. South Crofty has tin in abundance. It's UK based, meaning security and reliability of supply are a given. With recent global events showing how quickly supply chains can be destroyed, this can't be under-appreciated. Tin is it vital metal, and it's here.
The management team are very, very impressive. The updates to market are more frequent than any other company I invest in. So far it has been nothing but good news. Seemingly every infrastructure project is delivered on time and on budget (another sign of effective management).
The global economy is dragging at the moment, but that won't be the case forever. When global growth upticks, and the need for tin goes with it (those electrical items aren't built from cheese you know), a productive South Crofty will see the Cornish Metals share price fly.
I trust Richard Williams and the team. They've been quietly getting on with the job of turning SC back into a productive asset. I'm not especially interested in the share price. I will continue to add, and I'm very confident that when we look back in 2-3 years, we'll be glad we stayed the course.
Own thoughts (obviously), do your own research (obviously), but my advice is to ignore the current share price and focus on the long term. There's no other tin project in the world with these advantages.