RE: The Lithium under Cornwall - wait for the bidder13 Jul 2022 12:22
Cornish Metals Cornish Lithium Tin Copper Zinc Silver
I bought in the drop as big raises £40m to fund a project usually result in the price dropping to the issue price which was 18p , so anyone buting now in my eyes is getting a bargin. NOT INVESTMENT ADVICE , NOT IN THIS CLIMATE ANYWAY LOL.
The fact that another tranche of shares were available at 27p interested me and as the sp rose so quickly after hitting 18p my gut was based on TSX buying that next day. It was pretty clear someone was triggering the options at 27p as there was no news. Bosh hit it in a week so me selling my gambling money at 25p was spot on.
Ok ok bragger boy !!!
Sorry that is not the point. Ok I was lucky , luck favours the brave ?
Anyway, it was clear there was a rush in to accumulate and quickly. Why pay 50% more in a week to trigger the options ? MAJOR FLAG. GOOD FLAG imho.
My gut is firmly in the someone who these guys know , MUCH BIGGER THAN WE WOULD ASSUME, is looking!!!
Ok so now they have x amount chunk if CUSN but not ine which would trigger full buyout ...for them.
Cornish Lithium were due in May. Gone. So the buying began to get things moving. Thanks for the short term cash and now when Cornish Lithium list in Sept/ Oct they are right AT THE TABLE FULL AND CENTRE !
So where are we now ?
SP is now lower than issue price. Probably the general global drop back or like the drop to 18p for the full funding of £40m are we actually about to get a big player offer for all the lot ? No imho its possible , probably practical but more sensible to spread risk?
So imho odds on an offer for part of the company assets in total ie JV with a major chemical / miner !
Again , totally guessing, musing away my covid days.
However seeing E3 bag EXXONMOBILE 's Imperial investment AND upgrade to 24 MILLION TONS LCE not b@##£y 1-2m FROM BRINES = $2-4BILLION.
Stop. Pause. Think. $2-4 BILLION from the Le Duc aquifer if brine solution !
What say for Cornish Lithium's DLE opertions which are at a very similar stage BUT on the edge of Europe?
Like a golden penny on the floor who or how many times will we get looked at ?
This excludes TIN, COPPER, ZINC , SILVER which will cost way more to mine out with a much higher CO2 footprint.
https://cornishlithium.com/company-announcements/techmet-exercises-its-option-to-invest-a-further-9-million-in-cornish-lithium-following-its-review-of-the-trelavour-scoping-study/
I find this could be a very very interesting 6-8 weeks in mid summer as the world looks for those big deposits of lithium.
Watch the sp. Anything around 12-14p could easily trigger a swoop. All guess work on my part. NOT INVESTMENT ADVICE.
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