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Strange. That post went through first time...
(long post to see if it will go through a second time)
@Degsie - I've skimmed back through my posts since August 29th (!) and here are some outstanding questions that I wouldn't mind knowing the answer to in decreasing order of importance:
Q: Can we see the Amapa agreement, redacted if necessary, before a further raise of funds?
Q: Can you clarify the $49m debt mentioned in the corporate presentation?
"INVESTOR PRESENTATION" (June 2019)
https://www.cadenceminerals.com/wp-content/uploads/2019/07/Corporate-Presentation-KDNC-June-PPT-PUBLIC.pdf
===[
Cadence invests US$6 million in Pedra Branca Alliance then IndoSino assigns US$49 million debt to NewCo (Pedra Branca Alliance) and (Ownership IndoSino 73% / Cadence 27%).
]===
Q: How much of the NPV10 $106m corresponds to the agreed historical debt of R$900m ($222m)?
"Zamin Mineração to resume mine operation in 2021" (Sep 03 2019)
http://www.valor.com.br/international/news/6418273/zamin-mineracao-resume-mine-operation-2021
===[
Eduardo de Abreu Sodré, a partner at law firm Donelli, Abreu Sodré e Martins Advogados, which helped draft Zamin's recovery plan, explains that the company's original debt was R$1.5 billion, but creditors reached an agreement to cut approximately 30% of that amount to R$900 million.
]===
Q: Can you comment on speculation by Eduardo de Abreu Sodré that the mine could be expanded to 11Mt/yr from 5.3Mt/yr?
"Amapá iron mine to resume operations in 2021" (3 Sep 2019)
https://www.pressreader.com/brazil/valor-economico/20190903/281827170443994
===[
[translated by Google]
The mine has a reserve of 251 million tons of iron ore and in the first year of operation is expected to produce 5.3 million tons. In a second moment, according to Sodré, could be expanded to 11 million tons.
]===
Q: The forecasts for full production uses $61/t of 62% Fe. Is this forecast based on all 5.3Mt being (hypothetically) sold at $61/t i.e. very conservative, or does it include appropriate premiums for what will actually be shipped? For reference at the end of last week Seaborne 62% was around $98/t, and 65% Fe pellets (not pellet feed) was around $126/t.
Q: If we were able to sell the iron ore stockpiles at $100/t, rather than the $80/t that results in approximately $60m net, how much extra would be netted? What is the tax situation?
Q: Do we have to escrow the $3.5m before all prerequisites are met? If not, do you think it will be more beneficial to existing shareholders if this is raised before or after all prerequisites have been met and announced to the market? Do the BoD plan on participating? What about extending the opportunity to existing ordinary shareholders?
Q: Can the WH Ireland note be made public?
Q: Will the port rehabilitation benefit our neighbours? How much rent might we expect to receive?
Q: What is the current situation with the remaining Greenland licence?
Q: What is the current situation with the Argentinian and Australian lithium lic
Ask when they will be issuing more shares after consolidation, to raise more funds, same old same old, rinse and repeat!!!!
ask them when is the sand going to run out of the pyramid they have built over the last 5 years or are they trying to build a bigger one right now,
These are all cogent questions of course, but why doesnt someone politely ask them if they feel the share price performance has been adequate over the last 3 or so years.
This is not rude or aggressive and is perfectly reasonable to ask IMO...
Yes Ban I think I would agree :)
LoL .... what fun & intrigue :-)) however personally I don't believe anyone is being paid to post here .... although I wouldn't be overly surprised to find that a very small number (possibly less than two) is close to or friends with one or more of the BoD.
Mj, I'm prob one of the few on this board who isn't .
How could you have no OPINION when you told every one [ I TOLD YOU SO years ago ] ; Look we might not be around on Friday WeLL i think and am sure you work and getting paid by the board of Directors G L A
I'll do my best Obs.....maybe we are coming off AIM...somehow.
LIT on asx tonight. I seem to remember that they are connected to Alix Resources that was...Infinite Lithium (I think)....sounds very interesting
https://www.asx.com.au/asxpdf/20190919/pdf/448nfbgns50nk5.pdf
@Barksy I'd say if you get a chance to have a chat with @Kiran it's probably worth trying to get the message across to him that on AIM any mention or expectations of a placing results in a sinking share price no matter how good the prospects are for the company. If he truly has the interests of existing shareholders at heart he needs to be made aware of this, as this point can't be emphasised strongly enough IMHO. if institutions want in to what we've got, and he has indicated that they do, then let's see some on market buying into the high single digit percentages to demonstrate their commitment to this share before we offer them a larger in via an off market placing, same goes for the BoD. That's how I'd play this out based on the potential I see in Amapa.
Ob.
I wonder how long we've got on Friday:) my train isn't leaving until after 5pm... :)
I thought you've got those covered @Barksy! ;-)
Obs, how come you haven't any questions up your sleeve regarding Sonora, MEGALIT , Colin Orr Ewings 3% to his estate, the finalisation of the actual paperwork for Megalit concession...how much progress has been made with the building of the mine at La Ventana and the big one....what are the JVs really worth?+ Zinnwald... we helped fund all these .....
@Frankie, a few for you to ask related to our older projects:
Q: In August 2016 WH Ireland estimated a risked £10.6m contribution to their target price for our 100% owned Greenland licences. In May 2017 they estimated a risked £12.3m contribution to their target price. Since then we have retained just one of the licences from which no exploration results have been announced to the market. What value does the BoD place on this licence today and what sort of upside do the BoD envisage should our neighbour successfully commence production?
Q: In August 2016 and May 2017 WH Ireland estimated a risked £6.1m contribution to their target price for our 30% owned Yangibana licences. What value does the BoD place on these licence today and how much might they be worth when the project is fully derisked at first production?
Q: Given the aforementioned internal valuations of our Yangibana and Greenland licences, might it not be in the interests of existing shareholders that we realise some of this value to fund newer projects such as Amapa, rather than seeking to raise funds through other avenues such as a discounted share placing?
@Frankie - Feel free to ignore as you didn't ask me to provide you these questions, I just thought you might be feeling left out! LoL. :-)
Ob.
Correction on this one:
Q: Do we have to escrow the $3.5m before all prerequisites are met? If not, do you think it will be more beneficial to existing shareholders if this is raised before or after all prerequisites have been met and announced to the market? Do the BoD plan on participating? What about extending the opportunity to existing ordinary shareholders?
@Degsie - I've skimmed back through my posts since August 29th (!) and here are some outstanding questions that I wouldn't mind knowing the answer to in decreasing order of importance:
Q: Can we see the Amapa agreement, redacted if necessary, before a further raise of funds?
Q: Can you clarify the $49m debt mentioned in the corporate presentation?
"INVESTOR PRESENTATION" (June 2019)
https://www.cadenceminerals.com/wp-content/uploads/2019/07/Corporate-Presentation-KDNC-June-PPT-PUBLIC.pdf
===[
Cadence invests US$6 million in Pedra Branca Alliance then IndoSino assigns US$49 million debt to NewCo (Pedra Branca Alliance) and (Ownership IndoSino 73% / Cadence 27%).
]===
Q: How much of the NPV10 $106m corresponds to the agreed historical debt of R$900m ($222m)?
"Zamin Mineração to resume mine operation in 2021" (Sep 03 2019)
http://www.valor.com.br/international/news/6418273/zamin-mineracao-resume-mine-operation-2021
===[
Eduardo de Abreu Sodré, a partner at law firm Donelli, Abreu Sodré e Martins Advogados, which helped draft Zamin's recovery plan, explains that the company's original debt was R$1.5 billion, but creditors reached an agreement to cut approximately 30% of that amount to R$900 million.
]===
Q: Can you comment on speculation by Eduardo de Abreu Sodré that the mine could be expanded to 11Mt/yr from 5.3Mt/yr?
"Amapá iron mine to resume operations in 2021" (3 Sep 2019)
https://www.pressreader.com/brazil/valor-economico/20190903/281827170443994
===[
[translated by Google]
The mine has a reserve of 251 million tons of iron ore and in the first year of operation is expected to produce 5.3 million tons. In a second moment, according to Sodré, could be expanded to 11 million tons.
]===
Q: The forecasts for full production uses $61/t of 62% Fe. Is this forecast based on all 5.3Mt being (hypothetically) sold at $61/t i.e. very conservative, or does it include appropriate premiums for what will actually be shipped? For reference at the end of last week Seaborne 62% was around $98/t, and 65% Fe pellets (not pellet feed) was around $126/t.
Q: If we were able to sell the iron ore stockpiles at $100/t, rather than the $80/t that results in approximately $60m net, how much extra would be netted? What is the tax situation?
Q: Do we have to escrow the $3.5m before all prerequisites are met? If not, it will likely be beneficial to existing shareholders if this is raised afterwards. Do the BoD plan on participating? What about extending the opportunity to existing ordinary shareholders?
Q: Can the WH Ireland note be made public?
Q: Will the port rehabilitation benefit our neighbours? How much rent might we expect to receive?
Q: What is the current situation with the remaining Greenland licence?
Q: What is the current situation with the Argentinian and Australian lithium licences?
@Degsie - feel free to reword! And thanks in advance if you get the answer to only a single question! ;-)
Ob.