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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cornish Metals Inc. | CUSN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.16 | -1.99% | 7.90 | 10:15:40 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.70 | 7.70 | 7.95 | 7.90 | 8.06 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 13/3/2025 13:36 by millennialinvestor Interesting update in the Financial Statement:Today's Update: Mine dewatering continues with the submersible pumps and Water Treatment Plant ("WTP") operating to specifications (news release dated July 10, 2024): o The water level in NCK shaft is at approximately 275 meters below surface with the rate of dewatering increased as refurbishment activities have caught up, allowing shaft refurbishment and dewatering to proceed concurrently; o Treated water being discharged to the Red River continues to meet the standards permitted by the Environment Agency. Source: RNS July 10th 2024 Update: The water level in NCK shaft continues to be maintained at approximately 280 metres below surface and the treated water being discharged to the Red River is consistently well within the permitted standards Source: Using some simple maths, In 8 Months, The water level has increased by approximately 5 meters. This is shocking. More lies from CUSN - RNS December 6th 2023 Mine Dewatering Tracking Ahead of Expectations · Dewatering has been underway since early November with up to 25,000m3 per day of water pumped directly from South Crofty Mine and treated at the Water Treatment Plant ("WTP"); · Treated water is being discharged into the Red River which is having a positive effect on the water quality of the river downstream of the discharge point; · The water discharged from South Crofty Mine powers a 75 kW hydro-turbine located ahead of the discharge point that generates up to 20% of the power consumed by the WTP; · The water level within the New Cook's Kitchen ("NCK") shaft and underground workings is falling at a faster than expected rate; · On December 5th the water level stood at approximately 155 metres below the surface; · As the water level falls the rate of drop is expected to decline reflecting more underground workings at the deeper levels of the mine; · The Company maintains guidance of 18-months (from start of dewatering) to complete dewatering of South Crofty Mine. Source |
Posted at 07/2/2025 11:59 by hubs Read what you're posting guys, any discussion of CUSN? The merits or not of these recent massive investments? Pivotal moment for the company...I'm not surprised someone uses that button. Its best ignored anyway. |
Posted at 05/2/2025 08:59 by incontentinance What’s with the rouge thumb ??Two sensible questions about issues that are extremely important regarding CUSN. Step forward and reveal yourself red thumber ?? Don’t be a coward and hide behind the anonymity of a coloured thumb. |
Posted at 28/1/2025 10:17 by millennialinvestor Why has there been NO update at all to investors via RNS? (The standard, secure, audited channel for communication to investors) and via dodgy meetups with the team instead?Did you meet a team member in the pasty shop? Did he drop 20p on the floor and give you a wink? CUSN < bargepole stock |
Posted at 28/1/2025 09:03 by thebd11 We actually met with the team as part of this process and our participation in the placing. The dewatering is being undertaken concurrently with shaft refurbishment - rather than one followed by the other. Therefore the timeline remains as per scheduled. Indeed in the raise presentation CUSN states complete dewatering of South Crofty and complete refurbishment of NCK as upcoming catalysts. So after having multiple meetings with management I'm fairly relaxed. |
Posted at 12/12/2024 11:29 by millennialinvestor Maybe thats what I need, thankfully I hold no position in cusn but will look at opening a short position if it goes higher as the delays will send this back to 0p.Can anyone on the ground provide a christmas tree update?? |
Posted at 16/10/2024 08:53 by millennialinvestor NoClue your name is coming into full force again...It is not an investment from Vision Blue, it is an extremely expensive loan which ends on the 31st March 2025. At a scary 15% p.a. CUSN will not be in production by the 31st March 2025. And therefore will only be able to pay the loan plus accrued interest by taking out more debt. Debt snowball potential is high here as I believe ALL of CUSN's timeframes are completely UNREALISTIC. And there will be a point where Creditors will stop, see CINEWORLD, H&W etc. |
Posted at 25/9/2024 11:06 by millennialinvestor MRPHIL, thanks for prompting me to investigate this further.CUSN RNS: States that CUSN own 6,713,940 CL shares. CL 2023 Financial Statement: States that CL have 620,384,718 ordinary shares in issue. 6713940/620384718 = 1.08% LOL Looks like CL have had 11 rounds of fund raising which has diluted CUSNs 25% stake to 1% ouch!! |
Posted at 04/9/2024 12:37 by millennialinvestor Sassy went quiet when I posed all the CUSN facts:(please see below) - When dewatering of the mine commenced CUSN announced that it would take 18 months to dewater the mine... - This leaves 8 months left (April 2025) and they have only reached the 280 metre mark. None of the adits (horizontal tunnels) have been dewatered - most stretching hundreds of meters across. - The water level is currently halted as extensive repair works are carried out on the new cooks kitchen shaft as fears the shaft will collapse if dewatering is resumed before the repairs are carried out. - The repair works are an additional unexpected expense, and leaves investors uneasy of any other repair works required at lower levels (more expensive). - 7B issue that keeps getting raised and vauge responses from CUSN not clarifying anything. - The lower the water level drops, the harder it is to pump water out and more energy is required. - The WTP can only discharge a maximum 25,000m3 of water per day - which will be a limiting factor for the April 2025 deadline making it completely unachievable even if dewatering resumes right now, no rain for 8 months, and they reach the 25,000m3 maximum discharge every day until April. - Cash is running out and with dewatering going to be dragging on far beyond the estimated time will make rasing cash very difficult and will certainly dilute existing shareholders drastically. |
Posted at 21/8/2024 09:06 by wwednesday Today the seven bees 🐝 of Cusn will be flying around Camborne in a linear formation .Lead bee 🐝 Buzzby will decide the exact route of travel , whilst we welcome a new bee into the magnificent seven . Newbie , was a gullible investor on CUSN but was saved by the original seven bees 🐝. Unfortunately honey bee has retired hence Newbie stepping up to it today . Tune in for more fun adventures with the seven bees of Cusn . 🐝🐝&# |
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