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Earlier I was being offered 10 dead to sell up to 12500 shares then sub 10p up to 17k then NT ... Won't take a lot of pressure to drop this below 10p IMO .... maybe a sell low buy back even lower on the cards unless Kiran precedes his interview with something that'll push us up....
I'm sure you remember the drip to 3p several years ago when me and thee had a buy conviction whilst those around us sold, and then bam news and 3x followed by a 10x long climb. Just saying,.. The right news (Sonora, EMH, or Amapa) and history may very well repeat it's from here, 30p being the obvious initial rise if sufficiently warranted, then that long awaited climb to £1 and beyond.
Well, @observer842,
I do remember the delight of 32p and the buys at under 5p, almost as well as the last buy.
30-Jun-22 16:25:49 10.325 25,317 Buy
GLA
Indeed ..... Sonora or Amapa are the ones to watch in my book .... Limited upside with EMH IMO & as I've previously stated
I'm gonna wait & see what happens (if anything) prior to the starting gun tomorrow & then decide whether to do anything or nothing ...
Indeed @jimb. In my view those buying now are soaking up the sells from those who perhaps don't realise they are selling significantly below our likely net asset value. That's AIM for you. drip, drip, drip. BAM! I can't say I particularly like this "feature" of AIM, though I have no qualms recognising it and playing it to my advantage.
@Bannor - for me, EMH coming good might simply be an offer for the lot or just our 8%, ideally at all time highs, but failing that maybe 80p, or a pound or so. The returns from that could come in very useful. lol ;-)
I presume you've seen the updated presentation...
July presentation now up on the site..
https://www.cadenceminerals.com/wp-content/uploads/2022/06/Cadence_PPT_Jul2022.pdf
9p coming then
spot the difference… a couple of ticks added on page 17… next on the todo list… ‘define value of remaining 22% first right of refusal’…
input value… $xxm… (was $24m in the jrp)…
output value… $xxxm…
Indeed @tomcat. Pretty sure whatever it's defined as, it'll mean our 27% is valued significantly more than the market realises...
yep… it went something like…
dipa $2.5m for 20% (100% $12.5m)…
dipb(1) $3.5m for 7% (100% $50m)…
dipb(2) $24m for 22% (100% $109m)…
input/book value that is…
$109m x 49% = $53.41m… ;)
not rocket science… simple accounting…
Hi @ md... Try 6p
That was then @tomcat, I reckon we could be looking at more like $50m now for the 22%, meaning our 27% is worth...?
MLQ/weres the bottom
....yes OBS re your 00:06 ... that fore is a 'limited' upside ...80p per EMH share is only back to where they were when our 8% holding contributed about £14M to our MCAP .... that's limited IMO & would hopefully be eclipsed by a good outcome for Sonora &/or Amapa
@ MD just below the coccyx
@Bannor. I'm talking about if we were to receive the 8% of EMH at whatever sale price (hopefully >£1) in CASH... That would have a monumental multiplier effect here in my view!
...without good news from Amapa or Sonora it wouldn't even get us back to the last placing price
if you’re valuing $50m for 22% (100% $227m)…
our 27% we have now would be…
$227m x 27% = $61.3m…
mcap is currently £18m…
i can’t see that myself…
i’d like to hope the $24m for 22% is still about right… in line with the jrp… for the maintenance and repair… less excess income (if any now) from the stockpiles… over and above what had been included in the jrp originally… the significant costs to take it to $50m i would expect will be pushed forward into the reconstruction and recommissioning… funded from the project financing…
Don't think you are attributing sufficient value to sentiment there @Bannor, but each to their own! ;-)
We are currently negative sentiment which has dragged us below the likely 20p NAV, positive sentiment + a load in the bank, and we would be flying... And with Amapa and Sonora news on the horizon. AIM game on. lol
....the sentiment here is pretty clear for everyone to see & it ain't good is it!!
Exactly...