Cadence Mineral Share Chat (KDNC)

Good news eh? On a related subject, I actually stuck to the guidelines yesterday and stayed at home. Glad I did! Marvellous TV entertainment. To be honest, I'm not normally a fan of Romantic Fiction but Dominic's farcical adaptation of "Sleepless in Seattle," retitled "Barmy in Barnard" really made me chuckle. Gives a whole new meaning to the term optical illusion.
On a totally unrelated subject, what a name for a mine! I think we should demand a recount of the vote to sell and that a search party is sent out immediately to look for MB!

All shops and restaurants no longer showing "temporarily closed".

Wot happened?
Woer’s de caddies?

Chook was good.
But:
This rise is fantastic.
Wish someone would explain it, tho’.

RNS out
we own 4.1% of.....

Oops! wrong calculations:

500kgs LCE / 1Mwh
500t / 1GWh
7,500t if they reach 15GWh.

HE3DA - certification in the US

US certification
https://www.he3da.com/single-post/2020/05/20/Baterie-HE3DA-z%C3%ADskali-certifikaci-v-USA

January article:
https://oze.tzb-info.cz/akumulace-elektriny/20153-dodavky-baterii-he3da-zacnou-letos-ale-az-na-vyjimky-mimo-cr

We have strong capital, we have no reason to rush it all… The first line will have a capacity of about 200 MWh and we will gradually accelerate, we would like to produce one gigawatt-hour next year. It will take some time to reach a small market with this capacity. The first batteries from production are reserved for foreign countries and they are orders that we cannot afford to refuse. We have to send most of what we produce there this year. ”

Thus, large foreign customers who have ordered batteries will be among the first to receive their batteries. Investors of Magna Energy Storage, where the HE3DA batteries are manufactured, will also receive priority for their batteries. It should be from them that it should be possible to obtain the first references from real operation in the Czech Republic.

We had the opportunity to talk to one of the investors at the seminar. It expects its batteries at the end of this year. He is satisfied with the export orientation of the company, it is advantageous for the investor when the batteries are sold with a high margin. Those who need their properties, especially high safety and the ability to operate in a larger temperature range, are most willing to give for batteries. In particular, customers from the military or space research. Households and small customers, on the other hand, demand a low price, so they will get to them later.

And still, Nevada is showing interest so this is just a reminder disruption is well underway.

If HE3DA hit that 1 GWh next year that would be 5,000t LCE and who knows what their demand will be in 2024 as Cinovec possibly comes online and if they eventually reach a capacity of 15 GWh as mentioned back in December 2019.

75,000t LCE a year!

Had a quick squizz before checking out the flourishing weeds in the garden.
A bit sleepy onboard here, as is our shareprice.

Seems that, part of the opening of “non-essential” shops, on June 15th, car showrooms will be allowed to open in England.
That has to be good news, for those invested, in any shape, and form, in that field. From making them, to selling them. To making it all possible.

Meantime, due to the government suggesting that using your own car, vs public transport, where poss, I’m told, that some are looking at buying cars. Often, their 1st car. (Still no clue where they will all park, in busy cities and towns, for work. Especially, not where they will charge their EV’s. Hopefully, more charging posts/points will be introduced.)
Or, more park-and-ride car parks on the perimeters of busy hubs. (Ditto, With charging points, one hopes.)

Also, has anyone noticed the share price ‘rises, and falls’, today?
Why is that?
Is it because of the announcement re-unlocking lockdown?
The rises, on ‘top risers’, all footsie-tootsies, are rather large.
Whereas, the fallers, on ‘top fallers’, have smaller falls.

No. I don’t know why. Just mentioning it, because I saw it.

I see that Spacex are launching DragonX on Wednesday.
2 veteran astronauts are going to the moon, and back again.

(Just like people now say they love one another? Still don’t get that expression.)

EM seems to have the aptitude, to set his mind, to doing something, oft out of this world, pioneering, extraordinary: the first to do it, the first to be there, the quickest to do it, the one to do it the biggest, the best, the most efficient...what a guy!

Whilst VW has a new set of paybacks, for emissions setbacks, and car manufacturing forecourts (or stock courts), look like parking lots, due to covid, telly adverts continue to feature electric cars, and EM and Tesla continue to amaze. (EMazing).

Now, if only we could get a little of that stardust on caddie!

Thanks for asking KM, degsie. And, especially, thank you for sharing the update with those of us, who considered asking, but didn’t quite have the nerve, or the verve. And, good to see that KM is, onto it, apropos of speedy responses to the NB quezzies raised on here, of late.
Nice, also, the Ehmie neighbourhood news, MrsB.
Oh! So there you are, Ob. LObbing in another link! It would be simply fObuloose if you were to tell those of us, without the nerve, and the verve, a little about what’s in the link. Big please?

A short week. Ever the pathetic, due to lockdown, I have different sets of reminders, in my diary, at the moment.
Today it says: I have a chum’s birthday. (Card sent ages ago). Remember to call, and to email.
5 weeks until the end of Q2/H1.
Well, someone has to remember that we have a dateline, which, so far, it looks like we are sticking to. If KM’s responses are taken, as given.
Roast a chook.
Happy day, caddies! Weather looks good. Share still kipping!

https://mailchi.mp/macarthurminerals/macarthur-ceo-joe-phillips-speaking-on-progress-and-future?e=043e0f3dd8
Macarthur Minerals (MMS-TSXV, MIO-ASX) is one of the only juniors in the world with a high grade large established resource (1.3 billion tons). Increased demand from the Chinese steel mills has kept the iron ore price around the $90 US range (62% FE). Adding to this, the massive supply issues (Vale and BHP) that have unfolded over the last 2-3 years and iron ore’s future is looking better than ever. Macarthur is moving the project towards production and anticipates completing the last few steps shortly to initiate the bankable feasibility study (BFS) which is necessary to secure the project financing.

degsie, thanks for posting. ATB

From @FT - Europe outpaces China in attracting investment for #electricvehicles says Brussels-based T&E @transenv - @VWGroup_DE have pledged €6.6bn to Czech-based @SkodaNEWS close to #Cinovec #lithium project #EMH #KDNC

#EV #batterymetals

Cheers @jimb. Worth taking a read of this for Amapa's mineral resource types, tonnage and grades:

https://www.angloamerican.com/~/media/Files/A/Anglo-American-Group/PLC/investors/annual-reporting/2013/other-mining-2012-13.pdf

https://stockhead.com.au/resources/why-iron-ore-grade-is-now-more-important-than-ever/

Cheers @degsie. And @Kiran! I'd hoped it was as simple as that, with the courts continuing to rule in our favour. :-)

still on target... ;)

Would have preffered the words,will not rather than neither should.Still leaves a degree of uncertainty.

Reply from KM.
The second article is referring to an item raised last week in relation to an investigation to the previous owners - as mentioned then this has nothing to do with us and we were aware of this as it has been ongoing since 2015 -2016.
The latter is Anglo trying to not pay the labour liability that the labour court has already ruled on.
Again we are aware of the issues and neither should have any impact on our first shipment timeline.

Morning all! Yes, it certainly is another beautiful day FH. I'm thinking of going to stay with my brother and his family in Devon. It's a 220 mile trip but I feel it's essential. My wife sneezed last night and I nearly did. Quite naturally, we worry who would little after our pet puff adder "Boris" if we both became incapacitated. He's a lovely creature (for a snake). Deadly as he is, he wouldn't survive long without the help of a skilled minder. Enjoy the day everyone and stay safe! : )

The sun is shining, forgot to turn the washing machine on at sparrow’s first tweet (altho’ aren’t all the little fledglings trying out their wings, rather sweet?)...
Ob. That was a bit of a lousy trick.
To lOb in a blue link, and ask, “what did you make of this, @tcat?”
Some are having a good crack at discerning, dissecting, discussing, and coming to a conclusion.
I don’t have a clue, what any of it means.
Woer’s du tho’, Ob? What do you make of it?
Would be wonderful, to know, what our leaders think of it.

It’s “Spring holiday” here, in the UK.
Not a holiday worldwide, methinks. Not even “Spring” everywhere.
Hopefully, our trusty board, will spring into action, and let us know, by-the-bye, what any of your link, means, to, and for, caddies.
Preferably, via an official up-date, RNS, webbyjobby, interview, etcetera, etcetera.
I’m encouraged, just to read, that, you, Ob, and tcat, both still say “strong buy”.

Was that a new moon, or an old moon, last night? Pretty. Whatever it was.
Have a happy day, caddies.

Yes, minus 10% for other creditors

it’s obviously in everyone’s interest... except anglo... for anglo to honour their obligations to pay for zamin’s labour debt... rather than those costs being carried forward into the jrp... is our contribution to the small labour creditors capped by the jrp agreement at $2.5m...

My very basic take on this is the original settlement decided by the court appears to be insufficient to the various groups claiming compensation. So they appealed to he courts and I think the original decision has been upheld. But I am no legal boff so I wait to be corrected.

The the stock piles are at the mine and the port...
The lawyer said that, in addition to the resources already planned to be contributed by Cadence, Zamin will also sell the ore stock that is concentrated both in the mine yard and in the port. “Thus, it will be more around US $ 60 million that can be raised with the commercialization of this product. Everything will be reversed in the works to recover the mine, the railway and the port. The biggest investment, I believe it will be in the port terminal ”, added Sodré.
https://abifer.org.br/en/mina-de-ferro-no-amapa-deve-voltar-a-operar-em-2021/

Creditors and former employees of Zamin Ferrous made a barrier to prevent buckets from transporting ore from the company's yard for loading at the port of Santana , 17 kilometers from Macapá. The blockade was accompanied by the Brazilian Bar Association (OAB) and the Military Police (PM). The act was not in turmoil.
http://g1.globo.com/ap/amapa/noticia/2016/12/barreira-de-ex-trabalhadores-impede-retirada-de-minerio-da-zamin-no-ap.html

According to creditors, Zamin would have sold 100,000 tons of iron stored in Santana without authorization from the courts and environmental licenses. The case led to an assessment by the Amapá Environmental Institute (Imap) about the outsourced company that transports the ore, but the service continued to be carried out.

To what is owed...

"Tjap acknowledged the abandonment of the railway by Zamin, suspending the contract. With the decision, we will also be able to access the fine of R $ 13 million in case of non-compliance with the concession agreement," said state attorney Diego Bonilla.
http://g1.globo.com/ap/amapa/noticia/2016/04/tjap-mantem-decreto-que-cassa-concessao-de-ferrovia-mineradora.html