The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://www.mining.com/teslas-battery-metals-bill-balloons-to-100-billion/
Huge demand waiting to be supplied by Cornwall
Imho very brave/foolish to short CUSN at the moment! Any day now CL will release info on IPO, which will establish value of 25/10% royalty stream and value of CL shares held by CUSN. Expect a healthy sp adjustment!
Thanks Vii. It’s interesting also to see that volumes have been very low in recent weeks. Like me I expect many are holding onto their shares with the prospect that the lid will blow off the can with CL’s IPO and the realisation just how valuable CUSN’s royalty position is. Like MO suggests in previous posts, good days lie ahead .
The CUSN share price between TSX and AIM has crept to a 30% difference over the last couple of days.... 17.75p v 23p ( 0.36 C$) . Any thoughts on why this is and whether AIM price will move closer to the 23p level?
Vii - very good news, as the Act states that up to 80% of battery metals used in US products must come from USA/ free trade agreement countries by 2026. Tesla will be looking to see how they achieve this …,,,,,,,, answer = Cornwall!
With TechMet’s £18m investment in CL, the clause below applies , so they will be steering the direction of any future take off agreement.
Following the completion of Tranche Two, and for so long as TechMet maintains a shareholding of 15% or above, TechMet shall have a Right of First Offer to market lithium products from the Company’s projects. TechMet will work with Cornish Lithium to prioritise UK based customers, including UK battery and automotive manufacturers.
https://www.benchmarkminerals.com/membership/what-does-the-us-inflation-reduction-act-mean-for-the-ev-battery-supply-chain/
Very interesting article about new US act, requiring at least 2/5ths of critical battery metals ( lithium) to be sourced from USA or countries like U.K. ( eg Cornish Lithium!!) USA are making huge amounts or money available for this and seems that US government is listening now to the voices that China has current total dominance. The drum is now BANGING LOUDLY and CL/CUSN could be big winners here!
MO - we hear you !! Keep up the great posts.
MO - Many thanks for your always informative postings. Like Vii, I share your very positive view for the future of CUSN/CL. Based on my own back of fag packet figures & if CL's view that Cornish brine volumes could be "globally significant" the numbers at play could be eye watering. The importance to CUSN of the 25% & 10% royalties of CL's brine project (as often highlighted by Vii) hasn't touched the dial on the CUSN sp. Imho it is at a HUGE discount to potential value, also when you add in Nickel King & others in Canada.........
Would appreciate your thoughts on this.......
Cornish Lithium's listing in Sept/Oct is likely to be MASSIVE, as they have tied up tightly all the brine licences in Cornwall. Imho most shares will be placed with a variety institutional investors & this is probably already being negotiated in smoky back rooms, likely leaving little available for smaller investors, so when CL lists the sp will be high.
I want to top up on both CUSN & CL to get more upside potential to UK lithium brines (however, also appreciate the big CUSN potential in tin/copper). So my question is this?.........Do I buy more CUSN now at a (imho) well below par price, or wait until CL's IPO and see what I can pick up then & at an unknown price?
https://us06web.zoom.us/rec/share/MFmy11f1H5PQrUMWTPMIAJ3pqogUKIGeH1oLdQpzBmPOZeqvsLd259ImwV5jtIX9.6M7xTKnPlTu3mTqg
Access code. 6Dnm&^6h
As I missed the virtual presentation, Irene at CUSN kindly sent me the Zoom link together with the access code for a recording of the presentation. It’s live only for the next 6 days, so you need to watch soon.
Enjoy
CUSN just tweeted they are having a virtual corporate update on 5.30pm 28 July. Richard Williams is to give an update on drilling programmes & construction of water treatment plant. There is a link on twitter to register
It seems that the 2 big 11,400,000 traded yesterday didn't feature within the generally reported trading volumes yesterday as only 1,325,002 shares were traded yesterday. Similarly the 33,000,000 (6.5%) to Lansdown don't show in trading volumes, so must be some for of private transfer? Does anyone know? Those volumes would certainly have moved the dial on SP!