Member Info for Valuation-it-is

When the spread moves eg 12.5- 13.0 to 12.7 to 13.0, the mid point which is used to determine if trades have been buys or sells, also moves. in this case from 12.75 up to 12.85.
If in the above example trading has been taking place within the spread at 12.7 to sell, 12.8 to buy, then all recent activity would then be classified as a sell as it falls below the new mid point. Hence the screen showing a sea of red, despite the price moving higher.

Mining stocks were among the best performing on the FTSE 100 today, as metal prices rose on concerns over supply disruptions in top copper producer Chile.

BHP Group was up 3.03pc, Rio Tinto was up 2.84pc, Antofagasta lifted 2.72pc and Glencore was also up 2.20pc.

Copper prices, already close to record highs, are rising as workers threaten to strike at the world's largest copper mine, BHP Group’s Escondida.

The union representing workers at BHP's Escondida and Spence copper miners is calling workers to strike from today 8am local time. There are concerns a strike could disrupt already low supplies in the raw material market.

https://www.bbc.co.uk/news/business-57247758

In this day and age, to exclude private investors from listening to a discussion about the quarters results, is unacceptable.

Info/responses to questions should be available to all at the same time.

What's in it for Hui or the Hui3?
One thing we perhaps overlook, is the impact on the PHE share price. One of the HUI 3, Mr White, has a large interest in PHE.
Is the aim to get PHE to buy out the HUI venture, once it is running/funded, as happened with W2T, White's previous vehicle, which I believe had exclusive rights in the UK ?
Has anyone following this company been around long enough to know why PHE bought in W2T ? It seems the buy in destroyed a similar operating model to the one now running with Peel. If it didn't work well then why has it been replicated twice since?

https://ceo.ca/cusn
shows the number of shares shorted on the Canadian side. It was showing around 1.3m shares shorted. This has been closed down so there are now around 75,000 short. I guess someone took a caning going short 6/5/21.

Welcome mh. a few links for you:=
Company Website
https://cornishmetals.com/
Pre IPO presentation
https://cornishmetals.com/investors/presentations/
Admission document :-
https://cornishmetals.com/site/assets/files/5388/cornish_metals_inc_-_admission_document_final_10-02-21.pdf
London Stock Exchange https://www.londonstockexchange.com/stock/CUSN/cornish-metals-inc/company-page
Canadian announcements @sedi Cornish Metals Inc. $CUSN
The link to Canadian Market
https://money.tmx.com/en/quote/CUSN
https://www.stockopedia.com/share-prices/cornish-metals-inc-CVE:CUSN/
application for permission for drilling at UD
https://planning.cornwall.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=QPGGISFG0JQ00

The backdrop
https://www.youtube.com/watch?v=HKb8Zg05uYc
https://www.cornwalllive.com/news/cornwall-news/united-downs-tin-copper-drilling-5334622
https://www.youtube.com/watch?v=n9SD1Z1f0ac 3D computer model + some music by Queen!
https://www.youtube.com/watch?v=oKarlMJDwmA 2.35 and 5.15 of interest
https://www.youtube.com/watch?v=vPid53ornow
https://www.youtube.com/watch?v=OSP5mY1FegE
https://www.youtube.com/watch?v=01W3bJc_MpA
http://www.city-investors-circle.com/mining-review-sunday-roundup-14th-feb-2021/#more-8957
https://www.ft.com/content/40577a9b-d4d9-4cdd-8d08-43ce1c132406
https://www.internationaltin.org/nobel-prize-winner-explains-potential-for-tin-use-in-lithium-ion-batteries/
https://audioboom.com/posts/7797416-cornish-metals-ceo-richard-williams-introduces-the-company-projects
https://audioboom.com/posts/7797416-cornish-metals-ceo-richard-williams-introduces-the-company-projects
BBC ‘s Simon Reeves At S Crofty @45 minutes on
https://www.bbc.co.uk/programmes/m000pb6s
https://cornishmetals.com/tin/tin-use/
http://www.city-investors-circle.com/mining-review-sunday-roundup-14th-feb-2021/#more-8957
Bulletin Board in Canada
https://ceo.ca/cusn
Hamman & Partners report
Cornish Lithium exposure
https://www.cornishlithium.com/
https://www.bbc.co.uk/news/uk-england-cornwall-54188071
https://www.mining.com/cornish-lithium-speeds-up-hard-rock-project-development/
https://cornishstuff.com/2020/07/10/cornish-metals-new-name-for-new-mining-hopes-2/
https://wise-owl.com/reports/emh-is-leading-the-pack-to-be-the-first-local-eu-lithium-producer/ competitor
South Crofty exposure
PEA
https://cornishmetals.com/site/assets/files/4962/2017-03-31-scrofty-pea-c84ol6.pdf
Price of tin https://markets.businessinsider.com/commodities/tin-price?op=1
Guaranteed 5% offtake https://cornishstuff.com/2018/10/18/who-we-hope-will-mine-again-return-of-tin-mining-to-cornwall-getting-closer/
Other SML’s Redmoor op (not CUSN just competitor comparison)
https://cdn.website-editor.net/c077baaab49a4754a58400443da010c1/files/uploaded/191111%2520Redmoor%2520project%2520-%2520PDF.pdf
Board appointment John McGloin
https://www.bloomberg.com/press-releases/2020-10-27/cornish-metals-announces-appoin

https://wtvbam.com/2021/05/22/chiles-codelco-says-40-of-its-copper-output-at-risk-if-glacier-bill-passes-media/#.YKoKNjs_cMw.twitter

I think Cornish Lithium were talking about 20,000 tonnes per annum of Lithium, enough for one third of the UK's requirements per annum. CUSN has an interest in Cornish Lithium.

Re market cap, the upside is dependent on starting mining at South Crofty and United Downs. But thinking of South Crofty alone this could be a multi bagger. ( see my earlier post) UD could also make it a multi - bagger, so two big possibilities. News expected to flow throughout the year.

Cornish Lithium in which CUSN has an interest, has developed a a good way of extracting Lithium, which will appeal to manufacturers who wish to have good ESG credentials. The link below takes you to an article which outlines the dangers inherent in other sources of Lithium.
https://www.wired.co.uk/article/lithium-batteries-environment-impact

https://www.mining.com/web/home-tin-squeeze-highlights-critical-minerals-supply-problems/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=home-tin-squeeze-highlights-critical-minerals-supply-problems

The IEA concludes that only a concerted response from policymakers and suppliers will ensure that mineral supply is an enabler, rather than a bottleneck, to the clean energy transition.

https://www.bbc.co.uk/news/science-environment-57203400

9 shares? I guess that was the correction of a transposition error e.g. Someone bought for example 54 shares and it was recorded as 45 shares, so the correcting difference had to be bought later. Same as 23 and 32, 34 and 43, 65 and 56 etc.

https://cornishlithium.com/news-and-media/videos/

..states that the Geothermal powered pilot plant at United Downs "will be in production by 2022".

Good news for CUSN which has an interest in CL.

If Musk is serious about building a car or battery factory in the UK, the demand for copper, lithium and tin will rocket.
I think we can expect the development of UD, SC and Lithium to suddenly be turbo-charged. If the Government is trying to hook Musk, I suspect they will want to show him the UK can provide the materials. (Remember the govt funded British Lithium's pilot plant) Things might proceed much quicker than currently expected. And with a market cap of £35m clearly CUSN would be a sitting duck for Musk if he is keen to vertically integrate as" lovelyboy" has pointed out. I expect these shares to have a multi-bag run.

My understanding is that Cornwall Council found a site for a Giga factory some time ago.
It is interesting that Cornish Lithium are sounding out investors about another raise. It seems likely they are going to add to the pilot plant the Government helped fund recently. All good news for Cornish Metals.
More is bound to be revealed at the G7 meetings next month.

Otherwise, although the share price finished at 13?p yesterday, because of the 1 share traded UT at 16.35 at 14p, the rise today has been shown all day as a fall. Good trick to pull to make investors think the price is falling. Will we see the same today?

https://www.telegraph.co.uk/business/2021/05/19/elon-musk-jets-britain-ministers-seek-site-new-car-factory/

Cornishknocker..21.27
So perhaps it is someone(MM) trying to make it look as if there is a lot of selling, when in fact there is not?

Croqman
Many thanks for your info and link given. Much appreciated.

I also found Bubble's comment interesting and am glad he posted it. We will see if there is anything in it shortly.