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Amapa is worth megger money on paper we are only worth 7.3 million. the best of it is the mine is already there it just has to be activated so why are we only worth 7.3 million ,
with the figures K/M puts out the s/p of this share should be around the 40p with out puting a shoval in the ground there is somethink not right very fishy indeed .
Unless we get something tomorrow (which would be late IMO & I doubt) I suspect our mysterious investor (& my suspicious mind is working overtime!) will have fully divested long before there's any chance or need of exposure....
Yes it would have been preferable but my take is the mezz was always secured against EMH and the value declined to the point that they didn't have enough left to pledge to borrow any more.
I'd expect at this point all of the other holdings Charger etc were sold off first and the raise was the only option left.
I think the shareholder register on the website is updated twice a year so it may appear there or maybe the annual report
....so should we take from that, that you are of the opinion the providers of the Mezz loan have declined to allow a further drawdown (currently costing around £100k per month) that surely would have been preferable to the very heavily discounted raise, or there wasn't even time to draw on that it was SoOoOoo urgent .... that could be telling also !!!
I hope we do find out the who this single institutional investor is - otherwise I might begin to think something even more fishy's going on if it turns out it could potentially be a fund manager who's exempt from disclosing .....
He has 1,573,240 reasons to care though, I think it's obvious they ran out of money due to EMH decline and KDNC are obligated to continue to fund Dev until we can sell it or get a JV partner so it was the only option in a hurry, hence the massive discount, bad planning yes, on purpose? I doubt it. Many of us have been caught out by the decline across the board in junior miners. I'd expect he's pretty disappointed and frustrated by the situation.
Someone who Kiran met in the pub probably. I think Kiran no longer cares at all about the people who have given him his lifestyle - rather like the way Putin doesnt bat an eyelid over the hundres of thousands of people that have died for him !
Ask mr lithium he will no
Ask mr lithium
...the point is we don't know & we don't know .... so you're correct no one on this board knows (well unless EV Bull is Kian of course 😂) because we haven't been told ... so how else do you want or expect someone to respond to your post 😜
That is not the point the point been is for what reason do they get a large discount and what was the reason for the money no one hasa clue on this board
All the way to 3.75 soon.
Just remember that this sat above 5.75 on a few weeks ago, 11.6 last Jan 23, 09.95 May 23 and around the 28 mark back in 2021 .... so the trend here is? DOWN DOWN DOWN DOWN
.....couldn't help it .... hope our investee gets to exercise those warrants soon!!
Canny update but why still nothing on why we paid an another £1m for 1% of amapa and they recently raised £500k at a 50% discount shafting is shareholders! He needs to explain the rationale IMO
Submission of the Environmental Control Plan - "PCA" (Plano de Controle Ambiental) and an Environmental Control Report - "RCA" (Relatório de Controle Ambiental) submitted ahead of schedule for the Mine and Railway.
We knew this 6 days ago!! why so long to report..?
Reckon the answer to that might lay in one of the two exemptions below ....... !!
Market maker Exclude if holding less than 10%.
Investment/fund manager Certain managers can disclose holdings in UK issuers at higher initial thresholds of 5% and 10% (and every 1% thereafter).
“Forward looking statements “
Maybe they should have inserted 🤞🤞🤞in them. 🙄🙄
So nowt about who had our shares for peenuts
...HOWL 🤣🤣🤣 .... stop it I can't eat my breakfast ..... ae you Kiran !!! 😂😂
See also slide 2..
https://www.cadenceminerals.com/wp-content/uploads/2023/11/Cadence_PPT_V.1_2023_11.pdf
"it is hoped" is a forward looking statement of course.
...can't remember that being recited after the 'unpublished' webinar either .... but of course you're absolutely correct that cautionary gives them carte blanche to write a load of unsubstantiated, unsupported BLX claptrap .... 🤣
PMSL 🤣
You mean apart from the caution at the bottom of every RNS?
Cautionary and Forward-Looking Statements
Certain statements in this announcement are or may be considered forward-looking. Forward-looking statements are identified by their use of terms and phrases such as "believe", "could", "should", "envisage", "estimate", "intend", "may", "plan", "will", or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the company's future growth results of operations performance, future capital, and other expenditures (including the amount, nature, and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes actions by governmental authorities, the availability of capital markets reliance on crucial personnel uninsured and underinsured losses and other factors many of which are beyond the control of the company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The company cannot assure investors that results will be consistent with such forward-looking statements.
....indeed @ TC .... the point being though that when we originally got involved in this there was clearly a complete lack of awareness & knowledge about what was required & timescales .... & Instead of addressing that ignorance with caution statements were made that were unachievable & unrealistic or even BLX ..... bit like saying that Sonora & YANGI had a potential $200M value for us or we're not consolidating, or raising at this level.... 😂 .... although whilst we're down here I could be tempted to dip further into spare funds 😀
Nonetheless it is good progress and another three ✔️’s off the todo list…
PCA and RCA completed and submitted to Amapá State Environmental Agency ("SEMA")… ✔️
SEMA have agreed to an expedited environmental process… ✔️
life-of-mine sampling, collecting approximately two tonnes of material completed and ready to ship to china for processing… ✔️