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I'll probably review on the next significant news update. Until then, I'm of the opinion that now's a great buying opportunity if you are as confident as I am that @Kiran and the BoD will be delivering substantial value to shareholders buying in below their 29p options, and certainly below the 20.5p placing/open offer over the coming weeks, months and years. The value here is very poorly understood indeed from what I'm seeing, which suits me fine whilst continuing to add ;-)
This is the point though Mike, you bought based on what you read on here rather than doing your own homework. If you aren't doing your own research you should be investing in an index fund.
Regarding my own posts I try to provide quotes and links to what I am referencing as does Observer so you can do your own homework. I do believe the assets are far far more valuable than the SP infers, because I have done my own analysis on them and including NPVs and cash flow forecasts (if I didn't I'd be selling instead of buying).
For sure there was a lot of “hype” posted on here - and for sure I was swooped up and imagined that the main posters - many who are a lot less vocal now, or who have sold, or stopped posting entirely - knew what they were talking about - 5p parties and all the rest of it. I piled in.......and continued to for years. And they continued to post for years - always seemingly knowing what they were posting about. Why wouldn’t I?
I cannot believe that he actually posted that. Quite possibly the biggest bumbling idiot on LSE
When I bought KM was in charge, btw. I think it was around the time of the changeover.
For sure there was a lot of “hype” posted on here - and for sure I was swooped up and imagined that the main posters - many who are a lot less vocal now, or who have sold, or stopped posting entirely - knew what they were talking about - 5p parties and all the rest of it. I piled in.......and continued to for years. And they continued to post for years - always seemingly knowing what they were posting about. Why wouldn’t I? Why wouldn’t I imagine that you, EVBull, and Observer know what you are talking about? And some of the others who post calculations and perceived values? Observer became one of the main contributors on here, and then you did.
So, when does your definition of “hype” begin and when does it end? What is “hype” and what is “knowledge” or “true value”? How are shareholders and posters and readers of this board to determine which posters are “hyping” and which are not?
For the first years, the “hype” “encourages” more buying because it all seems so knowledgeable, but after years of shareprice drop, the “hype” becomes “encouraging” as in, gives one hope - because surely all these calculations and values must have more than simply “emotional” value? Who knows?
I think if you bought under DL then you bought the hype not the asset value, I have my thoughts on the guy but I have only been here 18 months, there is no longer any hype and we are trading below the asset value, a bargain currently. The stock doesn't know you own it nor what you paid. You are clearly posting emotionally but that is a very bad way to invest. https://www.youtube.com/watch?v=RXFpr-ghRtI
Have you actually considered that the share price might not get to £1 Mike? Just because you invested at that price, does not mean it will get back there. You have messed up and our dragging alot of other people down with you.
Why is it “emotional” to complain about a drop in shareprice from around £1 (post consolidation) to 15p, after 7/8 years being invested but somehow, presumably “unengaged” to post huge perceived values for the same share despite the fact that that “huge value” has not been met, despite all the hurdles being jumped successfully, and the milestones being passed successfully? I would be happy for your values to be met, EVBull - and/or those of Observer which came for years before your’s - when the SP was a lot higher.....
md - you are doing my job for me ! ie pointing out to people that guesses dressed up as fact and designed to keep people in the game are a danger to the investing public ! And I see the usual suspects are in full spreadsheet mode because they sense interest may be waning....
what will the psf bring just around 4 or5p that is all as a spike " after that we will drop right up to the back end of 2023 , all these numbers are bull sh/--t there is no money in this share untill then ,then with the grace of god we might see the starting of a mine ready to produce and people will invest,
"we'll be looking for project funding on or around 2021 of $24 million, that will be project equity, that can be a new partner going into the asset at the asset level, so we'd still have our 27 percent or of course you know we could go up to 49 percent, it really depends on the economics, the great thing is we have choices here and then you look for one hundred and forty to one hundred and fifty million worth of debt financing which would fund the recommissioning"
"and you know in terms of the question about financing depending on different commodities and risk profiles mining projects are financed by a mixture of project debt and project equity typically 60 to 70 percent of it being debt and the rest being equity our investment structure by our first right of refusal allows to increase our stake to 49 which I estimate and I hasten to add that I estimate would be between 20 and 30 million dollars to take us to that point and that will of course change that could change depending on negotiation we can choose to participate or not and that decision will primarily be based on the opportunity cost of capital and the expected return on our investments if we choose not to invest then of course we retain our 27% however if there's more equity needed in the project we could be diluted further "
A: As a first right refusal we will always be offered it and you know the mine is gonna certainly need more money so I expect us to be offered it, I mentioned beforehand in a previous answer what I thought those costs would be and they are estimates at this point in time.
Damage was done to cadence’s already tarnished reputation with that placing , before the war was in the table , we are 50% down which is worse than most stock and we don’t exactly have huge interests in the relevant areas compared to other companies
(Bloomberg) — An auction for a controlling stake in a Chinese lithium mine has garnered 3,448 bids, underscoring the scramble to secure the battery metal that’s key to the clean-energy transition.
The 54.3% stake in Yajiang Snowway Mining Development, which owns the mine in Sichuan, a southwestern province in China, was sold for about 2 billion yuan ($299 million), according to the JD.com’s judicial auction platform. That’s nearly 600 times higher than the starting price of about 3.35 million yuan. Details of the winning bidder weren’t immediately available.
Advertisement 2 Article content The heated bidding war, which concluded on Saturday, was joined by 21 participants, while over 980,000 people watched online throughout the five-day event.
“We believe the auction price indicates a bullish Chinese primary market for future lithium prices as well as the strategic importance of Sichuan spodumene assets,” Daiwa Capital Markets’ analysts Dennis Ip and Leo Ho said in a note.
The shift to electric vehicles has spurred a global rush for lithium, which is used in virtually all EV batteries, and seen Chinese prices of lithium carbonate surge more than 400% over the past year. The highest bid in a tender in April by Australia’s Pilbara Minerals Ltd. for spodumene concentrate, a partly-processed form of lithium, more than doubled in just six months.
Yajiang Snowway is undergoing a bankruptcy process. The Dechenonba lithium mine in Sichuan’s Yajiang area covers 1.14 square kilometers, with estimated reserves of 24.9 million tons and a planned 1-million-ton capacity per year.