Cornish Metals Share Discussion Threads

[camborne1968] 24/5/2024 09:17

There will be ongoing work as the mine dewaters. There’s no surprises down there only high grade tin .
The only questions investors should be asking is
1 will the Tin price stay high
2 will the demand for tin increase
If yes to both invest it’s good to go

[camborne1968] 24/5/2024 08:40

I’ve sat back and read these posts about 7a 7b 7c for too long.
They are not correct and the people posting them obviously have zero
Mining experience.
The news locally is really all good this was a safe productive mine.
Water ingress was never the problem it’s the tin price that dictates direction

[seedoftongo] 24/5/2024 08:39

Fair point guys , but I think the issue here is the extent of the remedials to counter what could be very excessive …..
Costly venture thus requiring a cash raise.
The market is very wary of this ….

[marwalker] 24/5/2024 08:13

Absolutely CamborneThe mine needed pumping during its lifeWhat closed the mine was a slumping tin price so the water pumps were eventually turned off because of costIt was known that there were tin reserves awaiting to be minedEstimates then varied between ten years even up to eighty of production

[camborne1968] 24/5/2024 07:27

Re 7b ingress
Sounds to me like it’s a total fabrication.
It’s a mine, it’s underground there’s water ingress everywhere. It’s dealt with on a daily basis.
If it is there and you know it’s there that’s a good thing

[highley1] 23/5/2024 15:09

Seed, Mill,


Why not just spell out the "issue" with 7B ingress for everyone to digest?

I'd like to know, I'm sure others would too.

[albert35911] 23/5/2024 13:56

That last low some days ago will be beaten again,good laugh ain’t it.

[seedoftongo] 23/5/2024 11:48

ADVFN is smoke n mirrors TF .
What appears true could be true or maybe not .
What appears false could be false or maybe not .

Millstone , have you seen the update from Rob ??

Re 7B , I don’t think the question has been asked yet .
I’m quite staggered by this

[the twatflannel] 23/5/2024 11:07

Why is everyone so edgy here. Speak English and make yourselves understandable for fks sake

[thebd11] 23/5/2024 10:46

I'll likely meet them when they raise. I'll see if I can raise this...

[millennialinvestor] 23/5/2024 10:31

The only saviour of CUSN is someone who is on the ground and who can QUIZ the directors with regards to the 7B INGRESS. WE NEED ANSWERS.

[seedoftongo] 23/5/2024 10:07

Ask the geo guys ..

It helps when you have links to the geo guys ….

Nudge nudge wink wink SAY NO MORE .

The info that makes the difference normally appears on ADVFN after the big money has been removed or invested .
Copy paste guys like Ron n Hazl always behind the curve .

Thebd11, you need to go local , find out which contractor is doing what … you will eventually find out everything you need and you may know before the market does .

[marwalker] 23/5/2024 09:47

Very possible HighleyPerhaps you could then extrapolate that the CEO s neck was on the line for the failure Would account too for the sudden share price fall when word got around there were no takers Capital markets are notoriously fickle I wonder how many successful placings elsewhere recently Bit of a bleak assessment Still maybe just a bump on the road to miningSeen many cos with much worse prospects raising money

[thebd11] 23/5/2024 09:47

What is this 7bn? Can't seem to find reference to it elsewhere but very possible I'm being blind!

[millennialinvestor] 23/5/2024 09:32

Todays RNS shows one thing, the cash burn is significant and NOT SUSTAINABLE without extra funds.

[highley1] 23/5/2024 09:09

Mar,

Indeed it probably was, they normally are! regardless of perfromance! but the $64,000 question is WHY did he leave?

I wonder whether they went to the market and couldn't raise additional funds?

[marwalker] 23/5/2024 08:40

Has to be expected more money neededThis will be the case several times as progress to production Doesn't mean rights issue more likely placing with institutions Perplexed by travel expenses worthy of mention and pay off to CEO must have been eye watering

[punterman] 23/5/2024 08:32

CUSN finally announce what has been out there for weeks - they need more money

[punterman] 23/5/2024 08:26

The Company has allocated funding for near term opportunities to progress the project, the most significant being the purchase of the land located immediately adjacent to South Crofty surface infrastructure. As a consequence of pursuing these opportunities, additional financing will be required before the end of 2024.

[seedoftongo] 23/5/2024 07:06

3 red thumbs .
That’s a CUSN record I think ?

Next time he asks questions there will be a bit of tension in the air .
Maybe he won’t now … loss of confidence etc / thinking they are not taking him seriously …

[punterman] 22/5/2024 17:24

That is a big seller cleared from this morning that's been posted at the end of the day