Cornish Metals Share Discussion Threads

[highley1] 05/9/2024 07:10

mar,

So you're accusing me of lying?


Please provide a link to the RNS that states they are widening the shaft, and I'll stand corrected.

[marwalker] 04/9/2024 20:15

Interesting your personal observations All I can say is reference the relevant RNSBottom line all must choose who to believe I go with the company others persuaded by opinion hereThose latter best to invest in another enterprise

[highley1] 04/9/2024 18:32

mar

That is not correct.

The shaft is being REPAIRED as the timbers that supported the tracks for the cage were discovered to be in a poor condition, and they are being repaired for health and safety reasons.

The day I was there they were working down the shaft and the new sections to replace the rotten timbers were shown to us, they were lying at the side of the shaft.


They did not mention anything about widening the shaft at all, only repairing.

[marwalker] 04/9/2024 16:32

Dewatering due completion due Q3 2025 NOT AprilNo audits clear of water ? NO I have seen pics of empty audits The shaft is been widened to allow for larger equipment down when production begins NOT because it is unstableCUSN categorically states there is no hydrological ingress They can't make it any clearer than that Fellow investors just take the time to read all RNS and not be taken in by rubbish

[millennialinvestor] 04/9/2024 12:37

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.

[wwednesday] 03/9/2024 18:31

With a high likelihood of an “El Nino “ winter , this can only put extra pressure on the dewatering of the plant .
Above average rainfall isn’t what’s needed here .
However , you could see this being used as an excuse in a future RNS.

[millennialinvestor] 03/9/2024 08:28

I wonder when CUSN will actually inform investors of their multiple major failings?

[sevenbees] 02/9/2024 17:18

Can you imagine biting into a pasty and one of the seven bees flying out of it only to sting you on the lip ?
Watch out the next time you chomp into a pasty Noclue.
We are watching you .

[millennialinvestor] 02/9/2024 15:35

Even during both wars - cornish miners had steak pasties.

[highley1] 02/9/2024 15:05

The vege pasties were an option, I chose a meat one.

[andy] 02/9/2024 14:48

copy,

I wasn't given a veggie pasty because I'm not a vegetarian!!

I had a good old meat and vegetable one, and it was lovely. They were bought from a local bakery.

All served up as we looked at the core in the core shed.

The water treatment plant is most impressibve and brimming with high tech.

[copypasteowl] 02/9/2024 13:37

Some investors are literally tearing their hair out over this in rage .
Nowhere is it stated that 7B does not exist.
Investors are mostly likely holding back thinking they can get in on this at a much much lower price.
Confidence is very low and the drip drip drip sell off continues .

Noclue and a few others are clearly local hillbilly’s who have invested with hearts not minds .
They have a vested interest in trying to ramp this for their own personal gain .
I doubt the FCA would imprison any of them yet , but an investigation cannot be ruled out .

INVESTORS WANT ANSWERS ON THIS !!!

[millennialinvestor] 02/9/2024 11:59

NoClue...

"Water levels maintained, if 7b existed which is doesn’t, the water levels would not be within pre determined levels. It’s only your brain that can’t accept this, they also states there is no 7b in the investors hub."

You are talking absolute drivel. Lets assume that the BOD are fully aware of 7B, but they call it 'lemon adit ingress' instead of 7B. It doesn't change the fact that it still exists. ALSO, if it does exist and they are fully aware of it, then they can include it in their "pre-determined" ingress levels... Notice how they have not actually announced these pre-determined ingress levels??

[copypasteowl] 02/9/2024 11:56

We all know the price is sinking but the really juicy info is the pasty talk .
Forget the seven bees for one moment .
We have an investor who was given veggie pasties in Cornwall of all places !
If that isn’t a crime I don’t know what is .

Who decided to give investors veggie pasties !!!
I want to see heads roll for this disgrace

[millennialinvestor] 02/9/2024 11:53

B... B.... BR....... BREAKOUT!


02/09/2024 07:32 Breakout Cornish Metals hit a downwards weekly price breakout.

[copypasteowl] 02/9/2024 11:02

Fantastic post .
That’s what we want to read on this !!

Veggie pasties .
Delicious .
Roadworks delaying any potential breakdown crew .
Boxed pasties .
Still warm !


Was the box recyclable ?
Not much happening today so could we please have a really detailed post about the pasties you were served .

Excitement upon receiving the box , opening the box whilst salivating ?
The first bite , the crunch , the lick of the lips , or was it a but disappointing when you found no meat ?
Hand crimped ?

Please tell us more .

Thanks in advance

CPO

[sussex65] 02/9/2024 04:22

Dil, when did you visit South Crofty and who did you meet there and what did they say to you ? Would you wish to enlighten us please .
Call me an old sceptic but I don’t believe you’ve ever visited South Crofty . Just more total garbage and absolute nonsense, your specialty.
💋👠

[highley1] 01/9/2024 19:20

That old chestnut always gets rolled out!!


Looking back a few months here, the CEO suddenly resigned, the share price tanked, and this 7B rumour was circulating.

In the circumstances I think they should address it, don't you?

I have been there and liked what I saw, the company, and the guys I met were all good people as far as I could tell, but with a rumour circulating and the price falling, I am put off investing. The recent price action suggests I'm not alone.

I want them to succeed, but they allowing this to continue to fester, which lowers my faith in the management decision making.

So in conclusion I expect them to address THIS rumour.