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Oh dear @ Jimb I guess it falls to me to ease your disappointment & despondency ..... if it helps you weren't the only one taken in by we're not going to consolidate (we consolidated) we're not going to raise at this level (& we raised) ....to be fair though it wasn't at that level it was much much worse .....but you're not alone many have arrived singing songs of sixpence & huge gains over the years and one by one they've given up after repeated disappointments .....
But genuinely on the plus side I do not think our placee has sold down much (if anything) which hints to me they might be holding & that might be for a reason oh & don't forget the BoD options at 29p ..... OK that last bit was a bit of a pizztake as I can see any decent rise being sold into .....heck I even just grabbed 400k @ an average of 3.6 specifically to do so, first time I've bought specifically to sell into a rise but figured if you can't beat em join em eh .... I'll hang onto the bulk of it as my average on the rest is mid teens so might have to wait a bit to offload the bulk ..... but hopefully we'll get a buyout offer before then anything 15p+ would get a yes from me right now ...how expectations have changed 🤷🏻♂️
I agree. The leadership has lost all faith. The only way I have seen out of this hell hole is by averaging down in the hope that I see 10p plus and get out sooner.
I did contact the co a couple of weeks back demanding an explanation as to why the Increase in stake and a massive discount raise smashing sp and sentiment even further into the ground and you won’t be surprised by the response. See below
Dear Dean,
Thank you for your email. Your comments here have been passed to CEO Kiran Morzaria.
The markets have been exceptionally difficult for small cap mining and exploration companies over the past few years. AIM listed mining and resource companies, and companies investing into the sector have almost without exception endured challenging conditions. These conditions mean that if a Company needs to raise money it has to take advantage of the opportunities as they become available.
Like you, Kiran is a shareholder in the Company and is fully cognisant of the situation. If you look back through announcements over the past few years, you will see the board regularly purchase shares in the company, and most recently (October 2023) Kiran purchased shares at 0.074p.
I sincerely regret watching the last two stockbox videos with KM and that confident demeanour has cost me.
Unfortunately.thats what makes a good con man.I still believe in Amapa,but now have doubts about the Leadership after this latest debacle
Jimb/ I did tel you we were broke some months ago
@Struv5,
I'm sure EMH sinking to 12.5p has a great deal to do with it, I was hoping that KM would follow up with an explanation - I'm not sure any answer would restore any degree of confidence,
Hi jimb2
Have you tried contacting the co to demand an explanation as to why we increased an extra 1% when we did and then the massive discount raise?
Unfortunately @MJFMSG as things appear at this moment in time the bod seems to have reduced us to a company on its knees or a least the last cash raise paints such a picture and for any potential investor looking for an interest in Amapa weakens our bargaining position, well that's how I see it with one eye on EMH to see if we sell down to raise cash.
There lies the problem if we are dependent on EMH coming good short term then why hold in KDNC?
Of course the dilemma now is any project news will be treated with scepticism unless it covers securing project finance, I would like to know the explanation on the timing with that 1% increased stake, and of course we now have the legal bills for the Sonora challenge whatever and whenever they need to be covered.
And of course we know talks are ongoing with investors in Amapa including mining companies, I doubt any news on technical project developments will move the SP.
I sincerely regret watching the last two stockbox videos with KM and that confident demeanour has cost me.
All the ranting and raving is over now i take it , And all of us who were daft enough to finance the directors high living standards are on our knees in dept ; thats life
Successfully screwed wages out of mug punters for the last decade. That's it
We at DEV Mineração are obtaining all the necessary licenses to be able to operate in our mine and in our port, legally and in accordance with the guidelines required by the local authorities of the state of Amapá.
Because, since the beginning of the resumption of operations in the Northern region of Brazil, we have been carrying out all iron ore operations in accordance with the environmental legislation for our segment and the safety of everything and everyone involved or located in the vicinity of our operational base.
Complying with the necessary rules, we are already well advanced in the steps that are appropriate for the presentation of our licensing and, effectively, start activities in our mine and port facilities.
Below, we have listed some examples of the licenses and permits that all mining companies need to have:
📌 prior license;
📌 installation license;
📌 operating license.
📌 mining authorization;
📌 Mining Registry.
I would like the list of KDNC successes too !
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.