Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Indeed @ghin I could fill the board with other reasons A_L.O has attempted and still is to steal the concessions - banning open pit mining the latest, he might use water shortage/ environmental excuses and then just go ahead and deploy the army so none of those apply - however if you look at other clay projects in the US they aren't going to plan and so I don't think you will see anyone taking on a Mexican project given the commercial and technological plus the antics that Morena have used - Thacker Pass is still raising cash and the next Nevada clay project isn't having a good time with a 30% drop yesterday
https://www.mining.com/century-lithium-shares-down-despite-clayton-valley-project-feasibility-milestone/
I think Ganfeng were the best option for the Mex gov - they would likely have been producing around about now and maybe a battery plant under construction - I hope we and Ganfeng continue to international arbitration.
Even if it does overturn it, I don't expect much. These semi-democratic governments have a way to stick to what they want. Not to mention that the justification of cancelling our tenures weren't closely tied to these laws. We'll definitely go to arbitration and settle for something ridiculous.
Https://mexicobusiness.news/mining/news/minings-great-challenge-legal-certainty
Q: What are the latest developments regarding the Mining Law and what is the most important factor to highlight?
A: Last January, the draft resolution by Mexico’s Supreme Court regarding the unconstitutionality action filed by opposition parties was presented and scheduled for discussion for April 9, we now know this has been rescheduled for the month of May. We hope the Supreme Court will overturn the decree in its entirety, given the multiple irregularities seen during the law’s legislative approval process.
Hi @TC my reading of it was that we had a total holding (according to the EMH schedule) of 5.74% of which a portion is also shown in the BNP Paribas total holding .... I had another thought that maybe our OZ holding was held by BNP rather than ring-fenced for the MEZZ loan but to be honest I don't really know ..... I don't believe our own RNS's holding is incorrect but I also find it hard to believe that the schedule one issued only yesterday (& today) should or would be based on our of date information......so am a little bit perplexed as to what the correct position is, however inclined to think it's 3.2% from ours .. .either way one the RNS's is factually incorrect in terms of our holding which is a poor show IMO ......I blame the person sitting on both boards LoL 😂
Looks like they’ve corrected the errors and issued another update today… so we’re none the wiser bannor…
BNP Paribas Nominees Pty Ltd ACF Clearstream** 14,124,127 6.81%…
Cadence Minerals plc (held under nominee)** 11,898,504 5.74%…
**A portion of Cadence Minerals plc holdings is held under BNP Paribas Nominees and included in BNP Paribas Nominees total…
does this mean we have 5.74% + a portion of the 6.81% reported in bnp’s nominee account… or are they double accounting…
i.e. 6.81% + 5.74% doesn’t = 12.55%… and could be = to as little as 6.81%…
could be we’re reporting the net position in our rns at 3.2%…
Grrrrrr .....
I think I might send them a request asking for more information on these "successes" in restructuring projects around the world!!!! PMSL 🤣😂😂
"Indo Sino is a trading company that has taken the lead in the fundraising process. CADENCE MINERALS PLC, in turn, is a publicly traded company, specialized in investments in mining, with success in restructuring projects in the area around the world."
I think I might senhem a request to provide
.....puts our holding at 5.74% but states a portion of it is held by BNP Paribas ....... guessing the portion held by BNP may have something to do with the security of the MEZZ loan ....but if we officially hold 5.74% to the degree it's in EMH's schedule one why are we stating 3.2% in our last RNS .....surely the schedule one isn't based on far that outdated data when it's only been posted today!!
https://www.lse.co.uk/rns/EMH/schedule-one-update-european-metals-holdings-ltd-wromjpx6or0f78j.html
😂
Iron ore price set for 3rd weekly rise on China demand https://www.mining.com/web/iron-ore-price-set-for-3rd-weekly-rise-on-china-demand/
.....please lord don't let Ericthered read Maddog's post .... or if he does stay his mind & fingers from responding PMSL 🤣🤣😂😂😂
KM still on their website as on the board.. So hasn't lost that pay packet yet!.
KM still on their website as on the board.. So hasn't lost that pay packet yet!.
L do not care what they have sold l care more about that the bods should be accountable for droping the s/p close to 40% with out any notification for what the need was the hole action is very fishy with no response from the bods when the question has been asked.
....looks like I've misread that as well 🤪 & the issuer is the person making the TR1 declaration ..... the last one we issued on EMH was when we crossed below the 10% threshold & none since so assume we sit within the exempt category for further notifications ........
Scratch the TR1 @3% requirement...they're a non UK issuer of course so who knows what we now own LoL 😂 :
Aperson must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:
(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R; or
(2) reaches, exceeds or falls below an applicable threshold in (1) as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the issuer in accordance with DTR 5.6.1 Rand DTR 5.6.1A R;
....don't think so @TC .... the % of our holding wouldn't effect whether we announce something in relation to EMH activities, we can announce something related to any holding irrespective of holding,, reckon we just can't be ar§ed as the impact of our EMH holding is now so small for us & irs just another delay on top of many previous delays for them ....... I believe we'd also be obliged to notify falling below a 3% holding ..... which could potentially come Monday I guess 😂
Below the 3% reporting threshold I would think…
What strategy? A decade has passed without any semblence of strategy. This shower are taking us for mugs.
Yes,looks like we no longer have an interest in EMH,yet again another one of there investments that quietly bit the dust.They do seem to have a lot of bother with their investment strategy,basically all down to Amapa then,wonder what balls up they will make of that LOL.
......latest from Ganfeng's annuals that might actually be new news as opposed to a regurgitation:
In January 2024, the Mexican Subsidiaries filed the annulment claims with the Federal Court of Administrative Justice in Obregón, Sonora City
(“TFJA”) against the cancellation of nine lithium mine concessions. The legal counsels of the Company stated that the decision made by the Secretary of Economy to maintain the mining concessions’ cancellations decision issued
by the DGM is not the final outcome under Mexican law, and the TFJA will
make its final decision. The legal counsels of the Company believes that
the annulment claim filed by the Mexican subsidiary based on Mexican law,
analogous precedent, and factual evidence may lead them to prevail before
a neutral court, but they are still unable to make a judgment on the final
outcome of the annulment claim. Based on the opinions of the legal counsel and the progress of the litigation, the Group is unable to reliably estimate the possible outcome and impact of the proceedings. The Board will pay active attention to the progress of the matter and fulfil its information disclosure obligations in a timely manner.
.....doesn't really matter does it with the amount we now hold, I said ages ago EMH wouldn't end up making a significant difference to us (based on our owning a much higher holding %) & so it has now proven ....even moreso than I thought as we have so little left (if any!!).
Where's the corporate update about the great news? Or have we quietly sold out of it to pay for a couple of spa days for Kiran?
After destroying roads, bridges and defaulting on millions, mining company may leave Amapá
Led by businessman Li Ping, from Hong Kong, Cibra Mineração won the chance to ship manganese stored by Icomi in Serra do Navio
A businessman with a troubled background, of Hong Kong nationality, is the latest character villainized by the mining market in Amapá. He even convinced justice authorities, posed alongside politicians and promised to unlock the mineral sector, if he had the opportunity to operate in the state.
The chance came, he embarked 11 ore ships, stopped paying for the last three, and even sent two to get more manganese, but the courts now blocked him.
White card
Li Ping assigned his executives to make several forays into Amapá, where he installed offices and luxurious functional residences, until he qualified for a legal process that would define the direction of the approximately 5 million tons of manganese remaining from Icomi SA's mining, even after of its insolvency situation.
Ping's company, Cibra, even left behind other mining companies that had been fighting for the right to succeed Icomi in Amapá for more than a decade, such as Tocantins, Ecometals, Durbuy and Brica. He convinced the powerful Cosco, from the Chinese government, to finance operations in Amapá.
Full article here
https://www.diariodoamapa.com.br/cadernos/politica/apos-destruir-estradas-pontes-e-dar-calote-milionario-mineradora-pode-deixar-o-amapa/
Told you it was you who was the jinx 🤣