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The trading volumes on both sides of the Atlantic have been minuscule over the last month, with no noticeable individual trades, so difficult to see how a significant shareholder has sold. Do the trading rules allow private sales/transfers?
MO - totally agree with you here. One of the important character traits about Musk is that he is a visionary & to throw a couple of $billion towards the prospect of tying up security of lithium supply for his European operations would be chump change to him, albeit TechMet has first offer for marketing on Cornish Lithium’s output.
CL’s IPO likely Q2 2022, which will be very interesting to see how that goes.
All the more reason to get our onshore lithium and battery metal projects to the production phase.
https://www.telegraph.co.uk/business/2021/12/21/china-claims-victory-battle-british-lithium-miner/
Vii - I wonder if it is something to do with the BGS report from May 2020, as they identify huge gaps in the lithium resource potential of Cornwall . All helps to formalise data to put the south west on the global resource map.
https://www2.bgs.ac.uk/mineralsuk/download/cmp/lithium.pdf
Copper
Gold has been found at South Crofty, one of CUSNs sites - see Mail article from 2010
https://www.dailymail.co.uk/news/article-1273903/Miners-searching-tin-Cornish-pit-strike-GOLD.html
Vii- It seems US DFC , Lansdowne Partners, Mercuria , together with Brian Mennel are noted as “largest shareholders “. BM holds his investment thru his Kemet Group of companies
https://www.kemetgroup.net/brian-menell/
I’d imagine US Gov has an influence in excess of the actual value of any shareholding
Vii - Not sure if you've had the chance to review CL's maiden JORC resource estimate for Trelavour (published 2nd December) , on the Tregathnan Estate, but it contains quite a mind boggling statement on high value co-products.
https://cornishlithium.com/company-announcements/cornish-lithium-announces-maiden-jorc-resource-for-the-trelavour-project/
It notes " 51.7Mt at 0.11%rubidium (RB), 3.93% potassium (K) and 66.1 g/t caesium (Cs) resulting in contained metals of 56,870 t RB, 2.0Mt K and 3,417t Cs as potential by-products".
Li & Cs are both on the US gov list of critical materials and no Cs is mined in the USA , and there are only 3 producing mines in the world, all controlled by the Chinese, hence they control 96% of the market. So if CL has identified 3,417 t, priced around $100k/ KG (Yes, kilo!!), that's about $340 billion of the stuff & about 60 years of current global demand. Not sure my maths is correct as those figures are enormous, but published data shows pricing of Cs.
TechMet's investment doesn't come as a surprise now, given they are majority owned by US gov & part of the deal was first call on marketing of Trelavour production, so they have a potential direct route for this material. Not sure how long it would take to get into production.
.........and the rubidium volumes are even higher. Not sure if this mineral has much commercial value.
Sadly, this asset is outside the area CUSN has royalties.
Another Telegraph article today, with a mention of United Downs geothermal lithium project which CUSN has an interest
https://www.telegraph.co.uk/business/2021/12/11/government-sued-frackers-unequal-treatment-energy-crisis-deepens/
CK (13.27) Some research is showing that tin also may have a huge part to play in the construction of next generation Li -ion batteries themselves, so another huge potential market...............makes the hole even bigger!
https://www.internationaltin.org/tin-boosts-silicon-performance-in-lithium-ion-batteries/
Copper
That is always the $64k question!
I thought the big advance last week up to 28p would set the new low tide mark, and when they drifted below to 25/26p picked up more at an assumed bargain, so my timing not great as they now sit around 22p.
As Vii (15.14) also imho points out CUSNs potential valuation is huge compared to existing sp , so this for me is a patient process off adding to my holding over the next 2-3 years. Buying slightly on the high side only has a marginal effect on my average buy-in. When they are £1-2. (Lol) the thoughts of trying to second guess penny dips will raise a smile, with my feet in the sand in Barbados!
It is a very volatile stock & I regularly try to reconcile trading volumes against +\- sp movement and there are no clear answers. The other day on opening, a minuscule volume of a few thousand, caused a 5% dip.
As the major players try to secure a limited and finite resource the situation improves for us. As Vii also notes we are relying in the board to stay focused & not accept a bid that undervalues CUSNs huge potential- they are smart guys so confident they’ll play the long game.
Welcome to the club and enjoy the ride.
Interesting article in todays Telegraph about big 4 FTSE miners, suggesting they’ll have big part to play in transition battery metals. CUSN likely to be on the takeover radar.
https://www.telegraph.co.uk/business/2021/12/11/fight-climate-change-hit-net-zero-targets-will-need-miners/
Final part of article:
For the government, to do anything less than call-in this takeover would be a dereliction of its duty," he said.
It is understood that Ganfeng has already agreed to acquire 75pc of lithium produced by the second phase of Bacanora’s Mexican mine, with the first phase going to Japanese business Hanwa.
Bacanora declined to comment. Ganfeng did not respond to a request for comment.