focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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...like so many puffed up in their own guff .... not got a clue
Thanks Degsie, lots of positives from Kiran including that we’re clearly undervalued. It’s always interesting to note that traders watch the sp whereas investors watch the company.
Shame what he (& WHI) says about our value & potential isn't reflected & has diddly squat influence on the SP today then eh!
Kiran placed a value on current assets/investments of £43m (with much potential )compared with market cap of KDNC of £17m.
…I see what you did there Bannor
However, I fear that lyst will have no marked effect on the share price
Sticky key.
***** in boots my favorite film.
Moggie, Moggie, Moggie, Oi, Oi, Oi.
Afrenoon all! Feline the love on here today.
Garfield
Chief Mouser
Larry
Grumpy Cat
Space Cadet Felicette
Having a user name such as Mrcautious and then investing in a Aim company seems a little on the oxymoron side of things..
:) hmmm, let me think …..
Abyssinian
Persian
Siamese
Maine coon
American shorthair
Tortoiseshell
Bob
Tom
“ Company maker “ they said …..
…where’s the catalyst for a re-rate ? anyone ???
This means you have to plough even more cash into this to average down from the ultra-low SP now ! This cant be pitched as a good thing. If it drops to 5p that'l mean there's loads of upside from 5p ! IF the SP was between 20 and 30p I would say talk of upsides may be reasonable, but there is always upside on a 'bombed-out' SP ! And its time for a reminder that 3 years ago thereabouts we were being told when Amapa was signed of this would fly - remember ???
Mining reforms face being softened as they advance to senate.
Federal deputies approved modifications to mining, water and environmental laws in a lengthy legislative session that concluded early Friday.
A reduction in the initial length of mining concessions from 50 years to 30 years is the most notable proposed change in the reform package, which was adapted from more ambitious legislation put forward by President López Obrador last month.
Under the new proposal, mining concessions would be initially valid for 30 years and could be extended by another 25 years. A subsequent 25-year extension would be possible, but the concession holder would have to participate in a tendering process against other interested parties.
https://mexiconewsdaily.com/news/softened-mining-regulation-reform-advances-to-senate/
There again it may be the straw that breaks the camels back.
That's if there are any straws left after all those that have been clutched.
This may cheer a few up
https://www.youtube.com/watch?v=KY9rlU1ivZI&ab_channel=SonoraCountry
I’m hoping it’s Japan who want a green pig iron feedstock to help decarbonise their steel industry.
Looks like the favoured plan for Amapa is to proceed with a jv for the DFS.
With Brasil and China having now signed trade agreements, could we have a chinese partner?
£43m based on NAV and plenty of upside from there with Amapa, Sonora, Evergreen and EMH + HAS around 52w lows.
Any thoughts on the Podcast?
https://ukinvestormagazine.co.uk/cadence-minerals-qa-session-with-kiran-morzaria/
It Covers:
Evergreen Lithium’s IPO
Evergreen’s assets
The wider lithium market
The Rare Earth portfolio
The outlook for Cadence Minerals
@zoom yes. No doubt there will be a drop-off in mining investments as a result. But longer term - if the existing companies meet the government halfway then a means of local wealth creation will result with battery industries locating near the lithium mines. This will creat a local market for the end products including a rising middle class to buy things like electric cars etc. It all depends on how it’s all managed. So if nationalisation is basically tantamount to theft then not even battery or car manufacturers will invest in that country, but if it is done right it can actually work out better for everyone long term. Africa is likely to move in a similar direction. Indeed the investment strategy of China and Russia is to actually encourage the build up of domestic industry and the infrastructure to support it.. More local wealth equals bigger local markets.
I’m hoping that Mexico doesn’t attempt full state nationalisation/theft. But the jury still seems out on that one.
@Smrrty It certainly sets an interesting scenario. If private investment/companies see it as a negative then the race to secure lithium supplies will favour free market conditions. There’s a great deal
of uncertainty associated with state control. IMHO The bottom line is that the billions of $$$$ of investment that are needed to establish and sustain a Li exploration, mining, processing and battery industry will avoid state control if at all possible. Few governments have that kind of capital, expertise or inclination to invest the vast sums needed, they know they need private/public partnerships to make it work. Private money will naturally favour longterm contracts and free market conditions hence why OZ is likely to be the biggest beneficiary - certainly in the short term.
I see no reason why lithium salars in Chile would have anything to do with carbonatite-hosted HRE in Western Australia. Hastings is down because the HRE basket price is down. Hence the market is pricing in a lower NPV for the project. By my calculation, they are roughly capitalised at 26% of the NPV of the project (accounting for the reduction of the HRE basket). A discount on the NPV is to be expected, as academic research supports this. However, this is at the lower end of the discount - for the DFS project the market cap should be between 30% and 45% (90% percentile) and a market cap on a PFS value is between 15% and 30% (90% percentile of NPV).