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CN. Canisp

0.345
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Canisp LSE:CN. London Ordinary Share GB0033646281 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.345 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.345 GBX

Canisp (CN.) Latest News

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Canisp (CN.) Discussions and Chat

Canisp Forums and Chat

Date Time Title Posts
14/2/201111:49Canisp with Charts & News2,962
26/9/201010:07STAR296
08/8/201021:07fuked22
29/7/201009:38TRI-STAR THE GOLDEN TRAIL49
19/4/201021:16Canisp future prospects?8

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Canisp (CN.) Top Chat Posts

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Posted at 07/8/2010 12:45 by solaking
A LETTER TO MR. MIKE HIRSCHFIELD,

Dear Mr. Hirschfield,

Good morning to you today. I liked you because of what you did to at SRSP and gave shareholders a tremendous value over a short period of time. So when I heard you were on CN. as a cash shell, I said to myself definitely he is going to repeat the GGT/SRSP success story again with CN./???. Therefore, I loaded up with confidence not as much as others to because I could only afford to invest scrambled pocket money and go hungry.

Alss! I got excited when the story of Tri-Star emerge and felt I will soon be in "Cinderrella land" where everyone lives happily ever after courtesy of your investment/negotiating astuteness (if there is any english word like that). But I was waiting for the details to emerge. Suddenly the RNS before the Admission Document (AD) talking about the Share Placing of 3.1billion shares at 0.005p and a Share reorganisation of existing shares. I felt like where am I? Then the AD, read it, was confused, then excited, then confused, then excited, and finally came across the fact that the 3.1billion shares (75%) of the new company is locked in, untradeable for TWO YEARS!!! Hmmmm, Mr. Eyi & co. have become very rich on paper, but cannot access their riches for two years? Why did you do that? You must be one smart cookie. Wait a minute, They, Eyi & co. have much but cannot access it now, we, owners of 25% have little but can access it from 27th August 2010. So for not, you have handed over control back to us, am I right?
So what can we do with this control for now? We need evidence that the stuff is there, I mean antimony, gold, silver, et al. If that is the case, then we, "25% plc" can say since Messrs 75% cannot access their for two years, we can keep upping the price of our 25% plc until we get a satisfied price which will be at least 0.4p before we sell, and if those stuff are really there and in the anticipated quantity/quality, we could markup the price of our "25% plc" to as much as 10p before parting with some or all of it, as we deem fit.
YOU ARE A GENIUS UNCLE HIRSCHFIELD, THANK YOU, THANK YOU, THANK YOU.
A note though, uncle, if that is not the case, I shall report you to Uncle Goodluck in Naija (I mean Nigeria) and tell him to withdraw ya (your) SRSP licence in obodo Naija. Game on, yes, that is why I like you, uncle Mike.
So which one is the next cash shell you are preparing? or is that you done about all these shells without cash now. Cool, game on uncle Mikey.
Thank you oh.
SK.
Posted at 06/8/2010 10:37 by elena saratov
Comedy,

During the suspension I know I annoyed a lot of posters by my posts.
I was trying to be realistic. The only thing I got correct is that it would run close to the deadline.

Redimp mentioned Tristar well before the Proposed aquisition RNS.

I think it was based on some detailed research. i.e. hard work. Maybe a tp as well. With all those ifferent people companies involved there was bound to be leaks. Who has the large spreadbets?

Well done Redimp.

Then we were faced with what looked like horrendous dilution similar to the MHG debacle.

But then as we waded our way though the 150 page document it all started to become apparent.

The new BoD look like they are experienced and ideally suited to the task ahead.

There is no mining report that a Stock Market would accept. It is heavily undervalued because of this.

The concert party won't care what price the share price opens at because they will not be involved in share dealing for 2 years.

I suspect that there are investors here who would like more shares and an opening price under 0.50p will induce them to buy.
Coupled with the PIs who have read the 150 page document we could see a rapid spike in the share price It could be akin to NTOG's spike.
But if I got 2.7p to sell within weeks would I take it this time?

Probably. But out of my 128,510 shares I would keep the 28,510 just in case this does pay off big time.

The antimony will make money through open cast mining but there is also the chance of a big bonanza gold mine.

I don't think anyone will lose money here.

Good luck to all Canisp/Tristar investors.
Posted at 05/8/2010 09:51 by elena saratov
Comedy,

I'm in XTR and LDP too and ZEST.

Have POL and HOIL for the special dividends.
2000 HOIL on a CFD will sell before the dividend to take guaranteed profit next week.

XEL AMER RXP GKP (getting bit high now)

GGG, CN. CRND (That is a ISA eligible Gold Mine at 2p)

SOLO AEX LGO.

HDD

All are at good entry points now. (That is a coded message that I am sitting on some losses)

My daughters CTF fund is in POL switched from RRL. The SD is 3p per share. Will buy Range with the SD. The company will buy back shares and cancel them to support share price POL hold GCM shares so I expect share price to be at 5p within 4 weeks of the SD.

Good luck with your high risk investments.
Posted at 04/8/2010 17:42 by hootster
The large number of shares issued to get the deal done was unexpected and the price to get it away but I think you have to dig a little deeper to see what the true potential of this asset is and if you look harder enough it is in the Admission document. Those close to the action have got in on the cheap but those prepared to hang in there I think will be rewarded.


It is recommended that the Goynuk Mine area and the surrounding concessions be explored and evaluated in more detail for their potential of hosting economic concentrations of epithermal antimony-gold mineralization.

The conceptual objective of the Goynuk exploration program should be the ultimate discovery of one to three million tonnes of open pittable mineralization grading in excess of 2 per cent. antimony in one or more deposits on the property. It is expected that this objective can be verified via a two stage exploration program. The first stage will work out the geological and geochemical framework of the deposit, including a few diamond drill holes to help define the shape and depth potential of the Goynuk mineral system.

The latter will also test for higher gold concentrations at deeper levels, as predicted by modern epithermal theory. If the first exploration stage verifies the geological concept of a near surface body of mineralization, a much more comprehensive and broader follow-up program would be justified. The stage one exploration program is expected to cost about US$700,000 and will entail surface mapping and trenching, geochemical surveys, rotary air blast drilling, and preliminary diamond drilling.

Worth noting that an open pit producing Antinomy works on 80% margin so therefore each tonne of Antimony mined will give Tristar a profit of $7,200 based on today's market price of $9,000 per tonne

So let's look at the figures it is suggested that there is between 1mln – 3mln tonnes of Antimony and a very conservative 2% purity is being used, the higher the purity and in some cases can be between 10%-15% will give a much larger asset.

1mln Tonnes x 2% will yield 20,000 tonnes of Antimony and based on current mkt rate of $9,000 per tonne gives a producing asset of $144mln(£91mln) based on 80% margin

Now things really start looking interesting when you take 3mln tonnes this takes you up to a producing asset of some $432mln (£273mln)what does this equate to in share price well with 4bln shares which will be in issue and on the above figures will give 6.8p

Now what if the purity raises to say 4% then your 3mln tonnes will produce 120,000 tonnes of Antimony and a producing asset just over $864(£546mln) and a share price of 13.65p

As stated Tri-Star will need US$700,000 to start the exploration program and this will need another placing but I am certain will not be down at the 0.0005 and more than likely be between 0.0010 – 0.0020

Once this asset and the value of what is in the ground is proven you can be rest assured the share price will be heading in a rapidly northerly direction.
I certainly will be looking to add on open and let the true picture unfold.

As always DYOR etc.
REGARDS THE HOOT....
Posted at 04/8/2010 15:41 by rich80
The way I see it (please bear in mind I'm an idiot) We have been diluted by 75% because of the new owner and the corvus cronies getting in at stupidly low prices. So 5 million would be become 1.25 million.

What I don't understand is why they would re-list at 0.10? Surely the consolidation of the shares for example 4 into 1 would raise the price to at 1 pence a share and based on any positive news and a market cap of what I've been told of around 12million we'd get our money back at 1.2 pence or four times the previous share price.

The placing at 0.005 is a bit of a red herring as the actual face value of the share is never the market value.

Also the share price would need to show promise otherwise they can't get any more punters buying the shares at a higher value that the price of relist. They have to create a story or interest or a belief that investors can make some gains otherwise no one's gonna buy up the shares. I suppose the flip side to the coin is we do have some kind of decent prospects and the share rises by its our accord.

(Please bear in mind that I'm not expert all of the above my be wrong - just looking for some clarification on my take on things)
Posted at 04/8/2010 14:53 by zaitoon
It is obviously impossible to get some of you to grasp basics. Why do you insist on thinking your shares are worth 0.00005 of 1p. They are not.
Thep are worth the market cap of the co divided by 4.5 billion give or take a few or put another way for every .1p in share price you need 4.5 million market cap.

The value of the licences is far greater than GBP 300K.
Instead of crying about it I suggest you go in and buy as many shares as you can at 0.00005p. You seem to be claiming that it is unfair others are getting shares at that price. I don't think you'll get many.
For one thing 75% cannot be sold for a year and anyone else would be suffering large losses at that price. Wake up and realise whatever this is worth it it IS NOT 0.00005P a share.
Posted at 31/7/2010 15:27 by fightback999
Loads of posts on where the share price will head on opening day.
None of us have the answer, BUT if you look at other explorers, such as NTOG and BMR. BOTH flew on early days speculation.
NTOG hit 4p in a very short time
The difference with Tri-star will be that we have the goods to back up the share price price.
Posted at 31/7/2010 15:16 by comedy
think you hit mail on head fightback999...they will sell negativity until they get the stock(after all they havent taken the risk we did and sit through a suspension) now the rto is happening they know we are on to a winner...

so sell negativity the shakey sell...they load up at a cheaper price ...the share price starts to rise back up and they then show how they said to buy stock at x price..it is at y price..and when the flood jump on they sell and next article can show how if had bought when they recommended it you woul dhave made a 5 to 6 bagger...and there reputation florishes as the best stock pickers out there.

oh forgot to add the person writing the article either wont have any stock or will declare they have some and since the publicity would raise share price plus the excitement now on what we are rto in to will play out nicely for them...personally believe we will cross 1p in short term...:)
Posted at 30/7/2010 08:51 by share_cruise
yes lets hope strand are not in weekend mode and take their time over the AD. However long the wait is (days) it will be worth it. Redimp/hoots can I ask which you hold more value wise, sirius or cn.? and which you share you are more excited over? For me I hold many more cn. but still a very large number or sirius, the potential and fast increase in share price has me more excited over sirius
Posted at 25/7/2010 22:40 by share_cruise
down_under , please take the time to read the latest RNS release regarding tri-star group.

It will be a very busy week this week on both cn. and srsp front. If you got in on both of these before the suspensions then well done and for those that missed the boat, i would say a good purchase on open will be recomended as these shares have an interesting few monmths ahead of them and im not saying which but one will move fairly quickly ;-)

With regards to canisp, i would expect the share price to be opening around 1-1.2p however supply and demand will soon change this, I believe the term 'smoke and mirrors' was used previously and this may well be the case in order for the big boys to fill their boots.

however i would say do your own research on the shares but i hope the latest news release has allowed many of you to sleep easy now inparticular the user fightback999
Canisp share price data is direct from the London Stock Exchange

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