Cornish Metals Share Discussion Threads

[smokey 1o3] 28/10/2024 17:06

Shorters' beware!

[millennialinvestor] 25/10/2024 10:25

One could argue that ingress levels increase over the wetter months.

[millennialinvestor] 25/10/2024 10:25

Still no shaft update. Will be in the thick of winter soon.

What a great time to short as cash dries up.

(Mine not dry, still full of water)

[millennialinvestor] 24/10/2024 09:13

No update.

[millennialinvestor] 22/10/2024 14:33

How on earth is that a "Nice write up from Jim"?

Cornish Metals (CUSN.V CUSN.L ZYR1.F) announced that it has entered into a non-dilutive £7 million ($9.1 million) secured credit facility with Vision Blue Resources to support the continued development of its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom. The proceeds of the facility are expected to be used for the company's general operating and corporate purposes. Per Don Turvey, CEO, Cornish Metals plans to generate value by unlocking the project's potential as a long-term supplier of tin needed for electrical applications in the UK and Europe. The company says it has been engaging with investment entities interested in financing the development of the project and the Vision Blue credit facility, combined with the recently completed non-core asset sales, provides capital to advance these discussions further and develop optionality as the company continues to further derisk the project ahead of securing project financing for the construction of South Crofty.

Looks like hazl ramp. Failing to miss key details such as no shaft update, no dewatering update, no 7b update etc. Does Jim wear tights n heels?

[cat33] 22/10/2024 14:13

Nice write up from Jim https://mining.beehiiv.com/p/jim-s-mining-letter-october-22-2024Worth reading

[kooba] 22/10/2024 09:00

Its good to see executives getting incentivised with options that strike at a premium to the prevailing price..many are awarded nil cost options which hardly gives them the same alignment to the shareholders.

[millennialinvestor] 21/10/2024 13:16

Get mele on the rattler.

[tightsnheels] 20/10/2024 18:02

What is your definition of a real man ?!

Bigoted idiot

[aidan61] 16/10/2024 18:48

Watch the share price fly tomorrow, positive report tonight on ITV promising wealth for all Cornish lads....lol

[millennialinvestor] 16/10/2024 15:17

I wonder if the trans community will help?

Disappointed that CUSN haven't issued a gender pay gap report or ethics & equality statement.

[kooba] 16/10/2024 13:40

It's called bridge finance from a supportive shareholder..it's not complicated or meant to be long term , reflected in the interest rate. I would be concentrating more on what endeavour are looking into and who could be cornerstone investors to get this to production.https://www.great.gov.uk/international/content/investment/sectors/mineral-extraction-and-refining/

[nocluejustarandom] 16/10/2024 13:29

Interest rates are dropping, they don’t need it to be in place for longer. They merely want to see through as many central bank meetings as possible. I’ll take note of VBR (top industry experts) before I listen to you guys that spout nonsensical rumours and drivel

[millennialinvestor] 16/10/2024 12:00

The Nife delivers another sobering blow to the rampers.

[jaknife] 16/10/2024 11:47

The "facility" is a pointless fluff RNS to excite retail shareholders and get them buying shares in advance of the next placing.

Just read it FFS, the "facility" matures on 31 March next year! What use is a loan for a mere six months?

[thebd11] 16/10/2024 11:10

I also think the facility is definitely linked to their funding requirements. If they can raise with a mixture of equity and debt, they are a) minimising dilution and b) likely to be able to raise at a smaller discount to the on screen price. All seems like reasonably simple, sane corporate governance getting things in a row before the big raise soon.

[nocluejustarandom] 16/10/2024 10:57

It’s getting them over hurdles, they were never going to take the full amount required when interest rates are due to be dropped. They’ve simply taken enough funds to get over the horizon before more concrete measures are in place.

Sorry you missed me dear, I went travelling