Cornish Metals Share Discussion Threads

[tightsnheels] 29/11/2024 08:54

No he isn’t one of us NN.
Mill knows him /her supposedly .

I don’t quite follow this captain thing.
Is it an investing term or slang ?
Though we are in Cornwall so I suppose a sea faring element is relevant here ?.
Is he named after a pirate ?

[millennialinvestor] 28/11/2024 13:43

One of the weakest captains i've ever seen.

[nylonnorris] 28/11/2024 12:46

Captain Skeppy ??
Sounds quite bizarre.
Ships , captains , mutiny ,walking the plank ! Whattt??
Are you a local Sceptical ?

[millennialinvestor] 28/11/2024 12:10

Ex-Captain skeppy couldn't cope with leading the boo holders to calm waters. Mutiny! We made him walk the plank off his own ship, and mimi took the wheel.

[nylonnorris] 28/11/2024 11:52

T+H , is he one of us ?
I think only a few of us are holding this at the moment .
Millennial , do you know Sceptical ?

[thebd11] 28/11/2024 07:45

Interesting meeting with management recently. Lots to think about

[tightsnheels] 28/11/2024 07:13

Oooh I say , if it isn’t sceptical investor.
How are you darling ?
I recall you took quite a pummelling on hooboo or something ? Years ago .

[scepticalinvestor] 26/11/2024 17:00

Bargepole stockIf i cld i wld short

[kooba] 26/11/2024 16:59

Up 28% over 6 months ....

[incontentinance] 26/11/2024 15:18

You can always rely on Ronald to copy and paste info .
Some may say they know this info anyway , but our Ron is trying to help the investing community .

Three cheers for Ron

Hip hip hoorah
Hip hip hoorah
Hip hip hoorah

[highley1] 26/11/2024 13:42

milleniall

Don't be patronising, there's a good chap.

I expect them to do just that, or postpone repayment, which often happens in these cases.

I always saw it as a stop gap whilst the new CEO finds his feet, and then tries to find the serious money. Ultimately I think there will be a large equity raise here as part of the funding.

[millennialinvestor] 26/11/2024 12:00

Welcome back Ronald.

[ronpretty] 26/11/2024 11:25

hxxps://businesscornwall.co.uk/latest-news/2024/11/delegation-from-cornwall-to-attend-mining-event/

[millennialinvestor] 25/11/2024 15:27

Heading lower to 0.2p (1/5th of a penny)

[argylerich] 25/11/2024 15:09

Come back to 55 hidden posts lol

[kooba] 25/11/2024 14:58

So much effort by the guy(s) trying to knock the stock ..what a failure. Up 18% over 6 months ..keep it up!

[millennialinvestor] 25/11/2024 12:29

Highley I am not forgetting the short term loan facility. The loan is a complete rip off and sorry to damp your spirits but CUSN are not going to be making money by 31st March 2025, infact at this rate the mine will be full again of juice so how do you propose that they pay the loan? with another loan?

[highley1] 22/11/2024 15:00

millenial,

You're forgetting the short term loan facility


In accordance with the AIM Rules (Schedule 4), the following information regarding the Facility is provided below:

· Principal: US$9,145,000 (£7,000,000)
· Lender: Vision Blue Resource Limited
· Borrower: Cornish Metals Inc.
· Term: 31 March 2025·
Interest: 15% p.a.

· Security: Fixed and floating charges over Cornish Metals except mineral titles in the UK which are already pledged as security

· Conditions: On the repayment date, repayment of the full principal amount and accrued interest up to and including the date of payment

[millennialinvestor] 22/11/2024 09:16

Toast, well done for doing all the 'leg work' for the crippled investors.


CUSN's financial statement is just a sign of recent woes.



CASH at end of period
31st Oct 2023: £32 million
30th Sep 2024 £3 million

Nearly all cash reserves gone, in less than 12 months...

£29 million used in 11 months = £2.6 million per month.

With only £3 million from the end of september i'd say that has already gone and will be looking to raise cash (significantly diluting existing shareholders)

[millennialinvestor] 21/11/2024 14:35

It is still in the design phase Ognotfodees, could be up to september 2028 before we see any fabrication works taking place for the accessible shaft ramp.