Member Info for pawgee

Gingy - if I’m reading the situation correctly CUSN are about to become solely domiciled in the U.K. & delist from the Canadian stock market. All shares traded in Canada will move over to U.K. AIM, but what seems strange is that a holder of a Canadian share will only get a tenth of the value of a U.K. share, if they take no action, eg sell their Canadian shares now at the equivalent U.K. price (there might be a slight FX difference) It seems they want to eliminate all holdings of Canadian stock by the time the re domicile takes place.

Vii - can you confirm my understanding, but it seems wise to quickly sell out of Canada & buy the equivalent UK if you want to remain exposed to CUSN.

IMHO an investor like Blue Vision would want to make 4 to 5 times, so coming in at 18p gets us towards the magic £1 mark.

CUSN will have a very quick positive profit/cash flow and all depends what they want to do with it……. Pay nice dividends or use it to extend the mine towards United Downs and the vast ore bodies there.

Volume only at around 0.1% of shares issued & IMHO would need to be towards 3% to get me excited. As we all know a slow burner, but for me the most interesting element is what’s in the ground around South Crofty / United Downs. Once mining starts this will become more apparent and thats when the £s start rolling in.

My reading of this is that holders of the Canadian share on TSVX will only get a tenth of the value if they don’t sell up by the conversion date. Only works if CUSN buys up all the shares, so they can then be cancelled?

This all makes sense as volumes is Canada are generally a fraction of AIM.

I notice each 10 Canadian shares will exchange with one U.K. share. I thought (subject to exchange rates) they are equally priced.

Any thoughts on this?

Vii -,would be interested to know where you got the 7p price for the shares in the latest raise?

The £5.5m raise in 2021 was priced at 16p & TechMet’s £9m options in 2022 were at 20p.

First part of article in Times today. Have only shown parts referring to Sn.

IMHO may cause upward trajectory of tin price over mine life at South Crofty.

“Minerals needed for green energy could run out within decades.

A new study has revealed how exhausting critical resources such as tin, cadmium, and indium could jeopardise the transition away from fossil fuels

The transition away from fossil fuels could be held back by shortages of critical minerals needed to build solar panels, nuclear power stations, electric cars and wind turbines, researchers have found.

Researchers at the Beijing Institute of Technology found that if the world attempted to build enough clean technology to limit climate change to 2C above pre-industrial temperatures, it would exhaust known reserves of several minerals within decades.

Reserves of tin, which is used in wind turbines and solar panels, could be exhausted by 2085, while cadmium, used in control rods of nuclear reactors, could run out by 2060. Indium, a crucial ingredient in specialist thin-film solar panels, could be used up by 2035.”

Ant- I’d recommend having a look at CUSN’s last corporate presentation on their website. $65 million annual after tax cash generation from year 2 to 6 of production. This could be a good dividend payer, but still a way to go until 2028. IMHO worth the wait.

CUSN up 7% on TSX at the moment , with 603 shares traded. What’s all that about!

Gingy…….also hoping for some big news Monday.

For what it’s worth here is my (wild) theory. Here goes….

…….Not sure if it’s a coincidence that both CUSN & Cornish Lithium published their inaugural sustainability reports this week within 24 hours of each other.

………..Sustainability a big issue with this government.

……..National Wealth Fund major investors in both.

………NWF probably want a single critical minerals entity (tin, lithium, tungsten etc) . They may make this a condition of further funding towards production.

………CUSN/Cornish Tin already have agreements especially in relation to lithium brines & are shareholders of each other.

……Merger?

Just noticed on Companies House that CUSN has just changed name to Cornish Metals Holdings Ltd & in addition incorporated to a PLC

Interesting- any views why they are doing this now?

Some very nice big juicy carrots awarded to the team. IMHO they’ll all be multi- millionaires on 31/12/27!

Gingy - CUSN have also just made two senior appointments ( General Manager & Project Director) with two guys who know how to get ore out of the ground. - worth looking up their CVs . This to me is the biggest indicator that all systems are go for the project. Yes, I know there is a formal process to do this, also related to raising the debt funding, but they are clearly aiming to go quickly with this once the thumbs up is given. All IMHO

Whjmflp

I had a Quick Look back at the new corporate presentation (posted by Vii) recently & note that the percentages in the RNS are the same as the presentation, so his has all happened a while ago and only now officially recorded.

This is a sleeping giant and all the new shares issued are being held by long-term interest investors and not traded.

Very interesting RNS update on significant shareholdings.

Will this have an effect on SP tomorrow i wonder?

Looks like the chart on the recent CUSN presentation needs to be updated, as we are already past the 20% tin price uplift ($31k/t) that takes the potential NPV past $325m projection, as Sn is at the $38,000 level.

Very interesting to see H&P appointed as joint brokers. This is a mining & metals heavyweight, with a 30 year track record in M&As, acquisitions etc.

…….no doubt there is some reasoning behind this?

I expect the recent recommendation in the Investors Chronicle would have brought CUSN to the attention of many more deep pocketed traders

IMHO I’d be very surprised if that was the case. The major buyers will hold as long-term strategic investments. The much smaller amount in the retail raise might end up being traded, but can’t see why you would buy at around 8p, then sell again for a similar amount.

Overall the volumes traded are minuscule, so probably day traders just trying to make a few % during the trading session.

Aaand-it’s-gone.

Where are you getting your tin price information from?

LME shows price at $33,422 at the moment. Like +$35k better!!!