Member Info for Valuation-it-is

It looks to me as if the big selling from placees is drying up. Look at the charts on the home page and you will see volumes have dropped to really low levels.
Meanwhile Copper and Tin etc carry on up in price.
Looking good to me.

Dr A 22.35 Thanks A good sign. Roll on 2020 accounts

In a little under 4 months time it will be possible to sell the shares bought on Aim, in the Canadaian market. In other word full fungibility will happen. In the meantime, investors can sell the Canadian shares in Canada, and buy the UK based shares, knowing that shortly fungibility wil happen. i.e. they can arbitrage.
While this is going on, the after effects of the placing are playing out in London. An opportunity for the Canadian shareholders I think.

Does David Ryan still have 11,075,000 shares? And does he have any options now?

https://www.lme.com/Metals/Non-ferrous/Copper#tabIndex=2
https://www.lme.com/Metals/Non-ferrous/Tin#tabIndex=2

JG has lifted his directly held stake to just over 20%. This may allow for equity accounting rather than as an investment.
If so, why change accounting now?

It looks positive to me

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
The backdrop
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/
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/

At present the shares trading in London are not fungible with those in Canada. This will change in a few months time. So convergence will take place, and may happen before fungibility. At present the price in London looks attractive to Canadian traders as at 9.5p (16.24 Canadian cents) whilst the price in Canada has fallen from 24 to 20.5 cents.
The last few days trading in London have probably seen STH come out of their placing shares - taking a profit, allowing those who see the potential to buy. We may be near the end of this period and about to start on trading being based on fundamentals and assessments of the resource potential. After many placings there tends to be a short period of weakness in the share price which can be a good time to invest.

There were a couple of excellent p osts by Southwesterner a few days ago which are well worth a read. They describe the potential from two major resources the company holds. Two chances to quadruple in my opinion. And there is much more potential than those two....

The placing / IPO was at 7p equal to 12 canadian cents. In the weeks before hand the share price had moved between 6 and 8 cents. On the announcement of the fund raising the share price rose. If the fund raising did not go well placees would have been faced with a drop back to the 6-8 cents level and a loss compared to the 12 cents (7p) they were being asked to pay.

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Nice to exchange thoughts with you......I don't think many investors attribute much value to Cornish Metals exposure to Cornish Lithium. But that could change. I reckon news of the pilot plant's progress and results could prove a catalyst for a re-evaluation. And then there is the Trelavour hard rock. I am wondering where this will be processed prior to turning it into batteries? I can see the way forward for Lithium from Brine but not so sure about Li from hard Rock. Any thoughts?

Cornish Metals has an interest in Cornish Lithium ltd................

Lots of interesting things to see on the C.Lithium website https://www.cornishlithium.com/
Under "projects"
Drone mapping of North Cornwall coastal mineralisation etc and comments about the Geothermal powered lithium exraction pilot plant.

"

https://www.lme.com/Metals/Non-ferrous/Copper#tabIndex=2

https://www.lme.com/Metals/Non-ferrous/Tin#tabIndex=2

Scarpa 7.49am I really doubt anything I write on this board will affect the share price up or down. More likely to have an effect is the valuation the directors put on the shares. That is where your attention would be better placed, i.e. by ensuring the BoD never again undermine sentiment and the share price by setting a - placing price for the shares - at an approx 30% discount to the then current share price and an even bigger discount to the peak price before the fund raising was announced. Better still vote against proposals to lay aside our pre-emption rights.
The share price is coming off now because the directors have valued the shares at 5.5p for the placing. The BoD have asked shareholders to give up their pre-emption rights, and having done so the directors have taken advantage of the possibility of raising more funds and diluting us - myself included. The share price is also coming off probably because some of those placees are selling at a handsome profit - at our expense and are able to do so at any price above 5.5p. So don't come on strong to me about de-ramping I am here for intelligent discussion of what is going on at the company its pros and cons. If you cannot bear to hear the occasional cautionary note then you probably are over-exposed and have only yourself to blame.
Don't give up pre-emption rights. What you are seeing now is the result if you do.

SCarpa50 7.49 Hopefully you saw my list of 13 positive points for the shares?

Goldman Sachs reckons the copper market is heading for its biggest supply deficit in a decade (327,000 tonnes) as production fails to keep pace with demand in China and the rest of the world, where consumption is rapidly picking up after the outbreak of the coronavirus pandemic.
To reflect the possibility of “scarcity pricing”, the bank has lifted its 12-month target price for copper to $10,500, which would be a record high.

Goldman Sachs reckons the copper market is heading for its biggest supply deficit in a decade (327,000 tonnes) as production fails to keep pace with demand in China and the rest of the world, where consumption is rapidly picking up after the outbreak of the coronavirus pandemic.

To reflect the possibility of “scarcity pricing”, the bank has lifted its 12-month target price for copper to $10,500, which would be a record high.

Holding at C$ cents 23.5 in Canada

Patrick7 posted this on SML, which is relevant here also

https://oilprice.com/Metals/Commodities/Goldman-Sachs-Historic-Copper-Shortage-Loom-As-Prices-Rocket.html