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Degsie
I couldn’t resist a small top up of 3,000 shares @18.86.
Unbelievable more than 10p below Directors options.
Not long now IMO before this opportunity disappears for good.
Patience my friends patience
and if the sp stays here or worse. They won't own them! unlike us !
The four directors were awarded 1.8m options each exercisable at 29p on 30th April 2021,
Big numbers so why do the BOD hold so little
2,702,154 ,,, Will their options make them super rich ?
Who owns the 6.57% not in public hands ?
Tuesday questions before an EGM
The ongoing work and money Being spent on the project shows confidence that they all know it's a done deal, just a matter of time it's coming, also when that 20% is sealed it then easy grabs on the 27% so there's more to come so I can't see why this wil not multi bag expecting 60p atleast if not way more all depends on the market, we also have small shares in issue.
The good thing is that the project has been continuing whilst the deal is being sorted out so when we do take our 20% things are a lot further on in terms of PFS, refurbishments, hiring, contracts in place, quotes for the work etc. We can see that plenty is still going on behind the scenes, the dam maintenance underway etc to secure the licenses that pave the way for our 27% too.
Yes degsie, KM being back in Brazil so soon is promising. I expect some good news falling out of that one way or another - just not sure how big.
ghin. You are probably right but KM being in Brazil is a strong signal that Amapa is progressing.
The EGM today should be largely irrelevant for KDNC. Just a consolidation of shares and bylaws.
Of course for the right price.
If we can add value by bringing it to production ready status first then I'm sure that's what they would look to do.
I am sure it will also depend on Indo's plans as a buyer like Glencore may want 100% ownership.
KDNC is an investment company so do we really want to be running an iron ore mine.
Wouldn't they be looking to sell it once they finally own a part of it?
I agree Obs, once the deal is signed and the 20% taken, the 27% is a formality and should get priced in with £100m being a realistic ball park and heading towards the $660m (£134 for 27%) valuation as it heads to production, as to the 49% option we don’t know for sure if that cost is the $24m or negotiable, as Kiran said we have options at that point, be it a third party investing or debt/equity raise depending on how it looks at the time.
He did say he was looking to get the deal signed as soon as he “physically can” like is he there meeting with the lawyers and signing it in person?
He was in Brazil just 6 weeks ago so he hasn't gone back just for an update surely?
Are we likely to re-rate to 20% of $3.2B when the deal completes?
"Weekly Discussion Thread; Upcoming News; ICYMI [November 29, 2021]"
https://www.reddit.com/r/CadenceMinerals/comments/r4lpc8/weekly_discussion_thread_upcoming_news_icymi/
===[
Future expected events / news
Amapa Iron Ore Mine, Brazil
Expected signing of contracts within 60 days of bank credit committee approval enabling KDNC to take 20% ownership of a project with an estimated internal valuation of $3.2B in 2008
]===
No of course not! 20% of $3.2B = £480m - AIM isn't that strange or unpredictable! lol. I've always felt that ballpark £100m is realistic, especially since going to 27% from 20% for $3.5m feels nailed on. And then there is the option to go to 49%, so maybe even £150m market cap = £1 per share could be on the cards with enough reach and understanding of the project's prospects, and certainly so IMHO post PFS + taking our 27% + favourable iron ore/shipping outlook, maybe even £1.50 or higher if the requirements to take us to 49% and how we plan on fulfilling them are clear and achievable.
Iron ore on the up in both the afternoon and evening DCE sessions. :-)))
Fingers well and truly crossed those unique court movements reported by @EV (thanks!) turn out to be meaningful and not just noise! ;-)
Ob.