Member Info for Bannor

News needs time to filter down through grapevine...... it's not like we've got someone sitting on EMH's board who might've been aware of the announcement is it ......... oh wait a minute ..... MRS PADOVSKY!!!!

Fingers crossed that it's worth over $24M in a year or so ....

Fingers crossed it's worth $24M in the next year or so .......

Good - I thought it was an odd reaction to the news, the volume picked up as well....

We'll it hasn't exactly excited the Aussie investor much .... currently in the red....

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02259112

...Sajic if you open up 'show more replies'

Personally speaking it makes more sense to me than what I thought the BS reason given at the time was ... whether it's correct or not...lol

https://mobile.twitter.com/DavidLenigas/status/1285674237076934656

Hmmmm ..... good point LoL :-))

"Pedigree mut" ....... howl :-))) yap yap yap grrrr yap yap yap

Fair play to Mrs B if she takes up your request to her to ask Kiran a question for you... personally I'd say that you're the one with the question why don't you ask it instead of expecting/asking/wanting someone else to do it for you.... MrsB' s lateady told you Kiran'd be happy for you to contact him directly .... as I am apparently but then I don't have a question right now as I'm satisfied with my interpretations until they're proven/appear otherwise at least ...

Ah Dallas ... good for you re Cigs but you've just found another (hopefully healthier) method of getting a nicotine fix ..... I went completely cold turkey 7&1/2 years ago, it was tough but don't give it a second thought these days..... in fact the thought of it makes me cringe these days..... once you're cured of the cigs get yourself off that as well....

Hi Frankie,

I wouldn't dispose of your disappointment drawers any time soon LoL :-))

I agree ....our move from 20% to 27% is effectively already in play in my opinion as the loan we made is earmarked to offset the $3.5M due for this.

When it gets to the point of us moving to 49% or not we should do so however we can if the project studies make it economically justifiable - which at this point based on the information we have it should be & that should be our goal..... if the studies don't look so favourable we should sit on our 27% at that point and wait for indo (&/or help them IF we can) to bring someone else in whilst they have the option to also buy our 27% for $9M .... but at that point if we haven't chosen to take our 49% then the $9M should be considered a good outcome for us.

Believe it or not I think that's the plan & am fully behind & supportive of it .... & in this instance in regard to the Amapa project I think the BoD have served, acted, planned well & controlled what they can .... now take that home to momma & smoke it LoL :-))

Ha @ Obs ...so pray tell what you heard in that that I didn't?

I heard......
well go to 27% & do that ourselves (whatever that was supposed to mean!!)
As to the 49% we'll have to wait and see and see where the project goes to

You've interpreted that your beer goggled rose tinted way from where I'm sitting .... I'd like to think we'll go to 49% too but will wait to see & hope it's pinned on how the project pans out & the viability & rewards are there .... just like Kiran appears to me to have said he will.... now there's something eh ... Kiran spoke I believe...... now that really is something & refreshing I have to say LoL :-))

...... We'll for the moment at least eh TC :-)) LoL

I've said what I think .... but good for you basing your investment strategy on your interpretations..... you should know by now that I don't trust anything our board say if I can see the lips moving ..... so will go on what I can see in writing.

.... in writing it states if we don't provide the $3.5M (2nd stage) of our investment or don't exercise our first right of refusal then Indo have the option to buy back at 1.5 Times cost within 12 months.

You're the one whose come up with scenarios about Cadence having the right/ability/authority to bring in 3rd parties I'll wait until I see formal announcements/actions.

As far as I'm concerned what works best for us in this is that we can choose to go to 27% or not (based on a positive scoping study hopefully) & subsequently to 49% (based on an equally positive feasability study) - if we don't do either it should only be because the fundamentals/values/risks don't stack up for us to do so.

Obs my view on it is that if we don't take up our right of first refusal & another 3rd party comes in for the 22% then Indo could take our 27% for $9M & sell it to the newer party either for $9M or perhaps more if 3rd party wanted it making them the 49% partner we would have been.... any 3rd party willing/happy of spending that sort of money coming in at that point are likely to be bigger, more established, more experienced in Ore & more capable of funding things further than we are currently...

If the project is as viable as its painted to be there should be no question of us not taking 49%, for me it's only if things don't pan out so well after we've taken our 27% &/or the scoping/feasability studies aren't as nice & shiny as they should be that we shouldn't go to 49%…

If you ask me our options are limited potentially by the risk of losing out for $9M .... we might have the option of not going to 49% but that's risky unless we decide the projects payback isn't going to be as attractive as it was thought to be & don't mind risking losing our 27% for $9M ...... if we choose not to exercise our right of first refusal we transfer further 'choices' elsewhere by virtue of below:

If Cadence is unable to complete the second stage of the investment or not exercise its right of first refusal under the terms of the Agreement, Indo Sino will have a twelve-month option to buy the shares in JV Co held by Cadence for 1.5 (1 ½) times the price paid by Cadence for such shares.

@cause I wouldn't worry about it too much.... it wouldn't be the first time a poster on here has got stuff wrong, misunderstood, mislead &/or created confusion or unnecessary concern...... myself being a prime example & there are a few others who might be willing to put their hands up on that....... or yap incessantly instead LoL

Exactly TC .....