Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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thanks for that obs. Ill keep off the main feed for now. Lots of bears around. A few likely want to get the shares lower under the pretence of having a balanced view. Market can decide. Interesting that likely a supply cut in iron ore coming imo. Could see prices keep going up over the next few months.
@EyeGuy, I thought you might like to know that when the initial news came out:
"Heads of Terms to Acquire Interest in former Anglo American Iron Ore Mine, Amapá, NE Brazil" (21 May 2019)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=2790390
===[
65% Iron Ore (CFR) North China have increased from US$95.95 per dry metric tonne ("$/dmt") to US$111.90 / dmt since early September 2018 to the middle of May 2019
]===
Also, I think 62% Fe was in the range $90-100/t IIRC, which seems to correspond with the above.
News- the sticking point on all these big projects is financing. Bear in mind the owners of Amapa including kdnc will have to find $168 million to fund the capex on the main mine. Majority of this is for railway and port rehabilitation. Note also when the initial news came out the iron ore price was $61 so a big chunk of cake would still be needed post shipments as the iron ore stock pile would be worth $80 mill.
Now the iron ore stockpile is worth circa $235 million, so even taking off tax and shipping if all the monies were out towards the mine capex, the mine would likely to be funded or almost. This changes the risk profile somewhat of this company. The iron ore price unlocks a $billion (or more )mine for KDNC once the creditor settlement is completed
I have watched David Lenigas*s Proactive Investors interview of 2017 entitled: "Lithium the new oil." This was in relation to the Sonora*s and Cinovec*s including the firm he is advising.
Why did I watch this? Today, is Sun 7 Mar 2021 and the hot topic and investment in Australia, Europe and elsewhere is about lithium and the rising prices which is now commonly known.
So, Kiran Mozaria*s latest interview which is on the Cadence Minerals Twitter website confirms that both for Sonora [BCN and JV with KDNC] and Cinovec [EMH, a KDNC investee co] has survived going to the wall unlike many others during the lithium fall-out of earlier years. This is due to their low cost base.
So, now KDNC is changing route to Amapa iron ore. I understand that Kiran Mozaria in the past contacted the market-makers to see if they could value KDNC also on the JV projects as the market only considered KDNC*s mark-to-market investments which had an open market value.
Kiran Mozaria said in the latest interview that Cinovec [EMH] has gone from some $3m -$13/14m in terms of mark-to-market value. This is the underlying value underpinning KDNC*s share price given that the market cap of KDNC at 19p is some £28m. So, it is good that the market has given the EXTRA allowance in the KDNC share price.
LONDON SOUTH EAST FORUMS - New direction
Many now look to asking and concentrate more on information rather than the old days of either over-exuberance or over-pessimism or personality events. Even for share price forecast, if the share price is 0.13p and folks give out a price of 30, 40,50p, it is NO longer popular and people say "dont talk nonsence." So, a more realistic crowd now in all the successful forum -folks want a more realistic hypothesis.
So, I was not aware that this is not the case everywhere - perhaps it will catch up here too.
AMAPA
KDNC will have changed from more exploration success in the past to a production model wherein the market or mm*s will rate the co on its profit figures once the JV with Sino is up and running. So, interesting to see the coming 1st interim result from Amapa together with the norm of some guidance on the iron ore mkt and prices common to all reporting iron ore big co*s.
I now take my leave with thanks to all those who are friendly at KDNC share forum.
Thank you and ta ta.
News
Sun 7 Mar 2021
Over the last 24 hrs , I have now figured out what this latest conversation event has been about.
Its a bit dated type of convo but the more progressive forums have now moved on from this pattern. The people who can provide accurate analysis is more in demand ie hypothesis that can actually eventuate to real results later. Eg Lenigas*s 2017 interview is now TESTED in 2021 and found to be 100% accurate relating to the lithium mkt etc and all his 3 co*s in the lithium space investments show foresight and PROVEN now.
Not editing as about to have dinner.