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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cornish Metals Inc. | LSE:CUSN | London | Ordinary Share | CA21948L1040 | COM SHS NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.50 | -6.10% | 7.70 | 422,648 | 11:07:03 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 7.60 | 7.80 | 8.20 | 7.65 | 8.20 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | CAD | CAD -2.71M | CAD -0.0051 | -17.65 | 43.89M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 11:32:56 | O | 1,235 | 7.77 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 21/11/2024 | 07:00 | UK RNS | Cornish Metals Inc. UNAUDITED FINANCIAL STATEMENTS FOR Q3 2024 |
| 14/11/2024 | 07:00 | UK RNS | Cornish Metals Inc. NEAR MINE EXPLORATION TARGET AT SOUTH CROFTY |
| 22/10/2024 | 06:00 | UK RNS | Cornish Metals Inc. CORNISH METALS GRANT OF OPTIONS & PDMR DEALINGS |
| 16/10/2024 | 11:26 | ALNC |  IN BRIEF: Cornish Metals gets GBP7 million credit line from investor |
| 16/10/2024 | 06:00 | UK RNS | Cornish Metals Inc. £7M CREDIT FACILITY WITH VISION BLUE RESOURCES |
| 10/10/2024 | 06:00 | UK RNS | Cornish Metals Inc. APPOINTMENT OF FINANCIAL ADVISER FOR SOUTH CROFTY |
| 09/10/2024 | 06:00 | UK RNS | Cornish Metals Inc. CORNISH METALS BOARD AND MANAGEMENT UPDATE |
| 20/8/2024 | 06:00 | UK RNS | Cornish Metals Inc. GRANT OF OPTIONS & PDMR DEALINGS |
| 19/8/2024 | 14:17 | ALNC | IN BRIEF: Cornish Metals loss widens as pushes tin mine to production |
| 19/8/2024 | 06:00 | UK RNS | Cornish Metals Inc. FINAL DRILLING RESULTS FROM WIDE FORMATION |
Cornish Metals (CUSN) Share Charts1 Year Cornish Metals Chart |
|
1 Month Cornish Metals Chart |
Intraday Cornish Metals Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/11/2024 | 11:03 | Cornish Metals - Copper/Tin exploration in Cornwall | 5,515 |
| 16/7/2024 | 20:37 | Trans 🏳️⚧️ investors | 8 |
| 11/6/2024 | 15:55 | Hazl roasted and exposes himself as his portfolio crumbles 80% | 13 |
| 13/11/2023 | 09:28 | Fire in Camborne | 1 |
| 03/3/2023 | 09:26 | MILLSTONE INVESTOR | 6 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 11:32:57 | 7.77 | 1,235 | 95.96 | O |
| 11:23:24 | 7.80 | 128 | 9.98 | O |
| 11:23:14 | 7.67 | 26,154 | 2,006.01 | O |
| 11:20:55 | 7.80 | 200 | 15.60 | O |
| 11:16:17 | 7.77 | 206 | 16.01 | O |
| Top Posts |
|---|
Posted at 21/11/2024 08:20 by Cornish Metals Daily Update Cornish Metals Inc. is listed in the Gold Ores sector of the London Stock Exchange with ticker CUSN. The last closing price for Cornish Metals was 8.20p.Cornish Metals currently has 535,270,712 shares in issue. The market capitalisation of Cornish Metals is £48,174,364. Cornish Metals has a price to earnings ratio (PE ratio) of -17.65. This morning CUSN shares opened at 8.20p |
Posted at 18/11/2024 09:58 by determined The last RNS looked a bit desperate IMO, it's like they felt they had to get something out to arrest the recent slide in the share price.They need to address the long standing rumour issue here and also put out a candid update, warts and all. A lack of news always creates negative doubts. |
Posted at 18/11/2024 09:51 by millennialinvestor Still no progress update for the mine, how many months now have longs been blind?Share price collapse? |
Posted at 15/11/2024 07:59 by ffriday The rains have held off so far .It’s been a very good month . Cusn have been extremely fortunate with the weather but you just know that when the rains start the problems will return . There was a rumour that there was a study that linked the share price of some companies to the weather forecast. Cusn a prime example of this . |
Posted at 14/11/2024 22:44 by highley1 Well that was a nothingburger of an RNS.Looks like it was put out to try and stem the falling share price, but peeps won't fall for that, it reeks of desperation. They need to address the important issues and restore credibility, but I won't hold my breath, |
Posted at 17/9/2024 11:27 by millennialinvestor Lack of updates from CUSN very worrying as investors lose interest and hope.The longer the dewatering is halted, deadlines are missed and money will become a huge issue and will require even more funding diluting the current share price and thus share holders to nothing. |
Posted at 25/7/2024 08:24 by millennialinvestor The market seems to be on the same page as me, as the share price has dropped 80% to a few pennies.If things were all rosey like you think, share price would be still around 30p. I will keep you updated Ognotfodees, as there seems to be a lot of emotional investors here who clearly are investing with their hearts, not their heads. CUSN BoD are laughing at any investors as the inevitable funding raise will completely dilute all existing shareholders - This is of course if the mine hasn't collapsed or been shutdown due to H&S concerns. |
Posted at 15/7/2024 20:12 by nocluejustarandom 😂😂 I do find you quite endearing.While the share price might have initially declined after VBR's investment at 18p per share and warrants at 27p per share for 36 months, this isn't necessarily an issue. Share prices are influenced by many factors, including market conditions and investor sentiment, leading to short-term volatility. VBR's investment signals confidence in the company's long-term prospects, with the warrant price set at a higher level indicating they expect the share price to rise. I initially bought in at 15p, then again at 10p, and lowered the average more last week. However, I prefer to use VBR as an example, considering their CEO has overseen tens of billions of mining-related takeovers throughout his career. I plan to hold my position and, while this current rather dramatic drop was not foreseen, I don’t mind being wrong about short-term volatility. If anyone could get every position right, they would be the richest person in the world in no time at all. In essence, short-term price drops don't negate the long-term benefits of a strategic investment. As the company grows and performs, the share price should reflect these improvements. Enjoy 🫡 DYOR |
Posted at 15/7/2024 15:36 by nocluejustarandom Mil, let's address your points with facts from recent RNS updates and broader market context:1 Water Management: The water levels at South Crofty are being maintained as predicted, with inflows matching historical data. This shows the project is effectively managing water ingress within expected conditions 2 Structural Repairs: Dewatering was halted to address unforeseen structural issues in the NCK shaft, a proactive and necessary measure. This isn't a sign of poor planning but effective management of unexpected problems 3 Project Transparency: Cornish Metals has been transparent, providing regular updates on progress and challenges, showing a commitment to safety and project success 4 Project Viability: The latest Preliminary Economic Assessment (PEA) confirms the project's strong economic potential, reinforcing its viability despite the challenges faced 5 Hypothetical Concerns: While you suggest that future hydrological connections and structural failures could occur, these are hypothetical scenarios. The current management practices and ongoing refurbishments significantly mitigate these risks. Cornish Metals has demonstrated proactive measures to handle such issues effectively 6 Share Price: Share prices are influenced by broader market trends and investor sentiment, not just company-specific news. Despite short-term volatility, the project's fundamentals remain strong. Vision Blue Resources, a major investor with extensive experience, maintains a significant stake, indicating their confidence in the project's potential. These points show that Cornish Metals is effectively managing the situation, and the project remains viable and on track. Stated a few times now but always do your own research. I’m not a professional but I am a shareholder |
Posted at 14/7/2024 13:30 by punterman For those who have not seen the LSE board this was of particular interest IMOGingy "Could it possibly be more than one short position out on this? " and"How can they close a short position on this magnitude?"I am no expert in this area but have seen something like this happen before.To answer your first question - From what I have heard there could be more than one short position. Canadian rules are different to the UK's and seem to be less stringent. As we have seen with normal buying selling moving through percentages disclosures.Rules on shorting also appear to be different and I am picking up that uncovered and undisclosed shorting is taking place legally.Re " How can they close a short position on this magnitude?"The shorter will be hoping the company will issue shares on a non pre emption basis to raise finance. i.e. Issue shares to newcomers such as the shorter. The shorter will hope to step in to close their short position with new shares issued by the company. Having focussed their shorting in the period just before they think finance will have to be raised they will hope to drive the share price down and that the company will issue the shares at a lower price. Having destroyed confidence by undermining the price and by spreading rumours, existing shareholders become reluctant to continue to support/finance the company and the shorter then steps in with an offer to help out. They then make good the number of shares they have sold with the cheap newly issued shares. This is possible if pre-emption rights have been waived. In CUSN's case, the shorter probably worked out another financing round was coming - and saw that the company was looking to dis-allow pre-emption rights (proposal 8 I think it was in the AGM voting proposals). That meant the shorter would be able to step in and replace existing shareholders in a financing round. They saw their chance and took it. This is a huge lesson in why to avoid voting for disapplication of pre-emption rights. If those rights are maintained the shorters cannot replace shareholders, - AND there is less likelihood of them being cheap because the rationale for shorting is removed.I understand that one shorter in Canada adopts a blanket approach - and shorts a number of exploration companies as they approach another financing round.The danger for existing shareholders is to sit and do nothing. That brings success to the shorter. If existing shareholders buy the shares the shorter is selling the price is not driven down and the shorter makes a loss. Furthermore, if the company raises the finance it needs, from existing shareholders, they are not then diluted in % terms or in value terms and the company continues towards production.If the company finds finance from other sources i.e. does not issue shares, but sells assets or sells a future asset like an off-take agreement, then a share issue is not needed and the shorter then has to buy back the shares it has shorted causing a sharp share price increase back to previous levels.. |
Posted at 12/7/2024 07:08 by punterman So everything is clearer today. The share price is less about fundamentals, brokers and investors seem at a consensus that CUSN is worth 27-31 pence and at least 5 times current share priceThere is also widespread chatter that CUSN has been targeted by a large shorter or shorters. |
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