Member Info for Bannor

2 different areas based around Lake Rukwa..... EDL's RCPP is north of Sumbawanga on the north west region of lake Rukwa Kibo's MCPP is off the south east (or even Southern end) of lake Rukwa...... the lake is over 100 miles in length & 20 wide so a fair distance between the two ...... I suspect that Kibo may have willingly (or not) changed the name of their project at some point to avoid confusion.....

I'd appreciate some clarity ..... areyousure indicates "Jeff also confirmed the water shipment plant was shipped last week."

I'm not sure what this is supposed to be referring to, RNS 14 Aug states:
a) the Lamella clarified water treatment plant is nearing assembly completion for commissioning later in the month (i.e. August)
b) they have sourced locally pre screening machinery to remove fines before reaching water treatment.

So what has shipped from where to where last week as the Lamella clarifier (per RNS) should have been commissioned last week not shipped ... however the pre-screen plant might well have shipped for construction & commissioning within the 6-8 weeks from 14th Aug Indicated.

Are we behind ---- again ---- or are we in line with the Aug 14 RNS as areyousure's post has left me wondering :-/

You're comparing apples & prawns though!!!! ...... however so it's OK in your book for investors to be suckered in on an artificially created SP to simply be caught in a placing at lower than they were paying for the previous day but higher than it is today .... & we wonder why people are wary of AIM co's!!

Not that it'll happen that way in any event...... in Obsland perhaps.... meanwhile in the real world I'm actually too hacked off to be arsed anymore - post away with your dreamy views (IMO) ..... my negativity leaves with me for me .... let's both hope I can't be bothered (or preferably have no reason) to return again eh!

Obs .... now you see what I mean about misleading?

As you well know a CLN or a loan of any sort is not a placing & you cannot use that to support a view that a placing could, would or is likely to be at a premium & I hope everyone else realises that as well rather than thinking there's likely to be a placing at a premium because you think so..... whatever happens a placing is extremely unlikely to be at a premium .... whether it's at a discount to today's price or at a discount to whatever the price will be in a week's, month or month's time..... now do you want to try & find a 'placing' that was made at a premium .. don't restrict yourself to KDNC see if you can find a placing on any AIM share at a premium...

Rich ... there are ( in my view ) very good reasons that's very unlikely:...

... firstly I'm hoping we'll either have sold out of the JV's for truer value by then or they will have brought forward exploitation of them ... but more importantly BCN (who have a much better BoD in my opinion especially seeing as KM's no longer on it) will do whatever is best for their own shareholders.... when looking at the economics you have to consider the overburden & recoverable amounts ... this in time switches to the JV areas after they've cherry picked the best of LV.... time will out ...

Shorter - definitely not ... nothing lower in my opinion but think what you wish it matters not .... however really keen for you to enlighten me as to where we 'placed' at a premium to the SP?

I'm not trying to get you Obs... nor do I particularly care whether you agree with my perception on how some of your posts read to me as its not really important or relevant so you'll excuse me if I don't waste any more time dissecting nuances & syntax in writing styles as I perceive them to be.

Clearly you're not going to respond to the question I've posed twice now regarding a sell off or placement so I'll just finish with my own thoughts that right now I see this getting worse before it gets better - I sincerely have my fingers crossed Ford ( or A.N. other) buys the Sonora JV1 or 2 or both out from underneath us so I can get out of this share, you can then sing the praises of KM & Co & spout the virtues of San Luis & ZULU to your heart's content without responding to what you referred to as my negativity....

I really would prefer talking about something else however & without going through all your previous posts:

'@Chuckypowers. You realise part of the loan (millions!) has been drawn and being spent forwarding the project. It is happening. We could have final funding news within days. You know this? Surely!?'

@tomcat - the gamble with Sonora was that our JV's would turn out to be more economically attractive to mine before the LV, or we managed to sell for good value. This didn't turn out to be the case despite the hope and hype coming from certain sectors... However, despite this I'm very bullish on our JV's in Sonora - just that at this point, without BCN yet to achieve funding for the 17.5ktpa mine, never mind the expansion to 35ktpa and the 50ktpa and beyond we really need to value out the Mexilit JV, the market is (sadly) assigning pretty much zero value to it. Infinite upside though - every cloud has a lithium lining. ;-)

@Dallas - given the depth of the (majority) of the lithium in the JV next to the LV deposit, the grades would need to have been higher for the JV to be mined first. Once the grades came in, and it started to become clear that the LV was going to be mined first as that project would be more valuable, we started to buy into BCN. Surely this is all obvious now? - in hindsight! It certainly seems a fairly consistent story to me now. What pieces of history don't seem to fit for you?

...... I've said it before... you post as if you know things us mere PI's can't.... your posts can often be read as though you know what's going on in the boardroom & the thinking behind decisions being made that are damaging (actually or potentially) the SP & passing it off as part of some sort of super master plan that's being played out & just a matter of time to come good ... you have a tendency to post down to those you think you're more knowledgeable to, better than or have a different opinion to your rose tinted view.

I don't believe everything (or actually much) that's comes out of Kiran's mouth, you however often paint him as something to be held in awe & on top of his game ....

Now that's out there again why don't we discuss the very real potential of a sale or placing instead though eh? That'd be more relevant here than my view on you & how you come across in my opinion.

.... oh I'm so tempted Obs ... not negative on Cadence per se as you well know but its BoD definitely... who unlike you I feel have not made good decisions & have provided little (or actually) no benefit for PI's with their 'self proclaimed' expertise whilst milking it for salaries & expenses... it's not just the SP of BCN & EMH impacting our own SP but the pending debt & dilution to progress projects & the pending repayments &/or settlement of that b.alls up of a deal with Iskander that they've engineered us into.

You happy Obs - cos I'm effin appalled .....KM has been & is awful in both performance & delivery from where I'm sitting so far but you keep patting him on the back as he dilutes the company & reduces the value of Sonora with more debt ....

Do you not think there's going to be a low ball firesale or placing at this lowly level soon say 0.15 or lower to pay for one thing or another (including their undeserved salaries IMO)....will you still be saying how great & well the BoD at that point ... 'all in a good cause guys' & posting a load of links & numbers in an attempt to support your position .... I do believe that for many you could be the most misleading of posters here.... but again that's just my opinion.

LoL @ Ivy .... & you think our BoD are any more 'experienced' than PREM's other than KM & Co thinking they are something special?

@degsie ... you make no mistake ... Yes Sonora is our jewel in my opinion & the ONLY reason I'm still invested here that goes I go with it ... perhaps my post wasn't clear enough & should have read other than Sonora which has fantastic potential (in my opinion) ... etc etc

@degsie..... I agree other than Sonora - we also have 'potential' value in other assets / ventures..... the problem for me is, Is now the right time for KDNC (BoD) to be flashing out funds (we haven't got) or diluting us horribly at the current SP.... it's a bit like loading up on your credit card without knowing how you're going to pay it off!! The board showed their naivity & lack of forethought with the Iskander deal as far as I'm concerned, said so at the time & nothing they've done since has changed that opinion for me.

Frankie - quite the opposite I think your 09:07 post far from being unpopular is spot on.

I do pretty much agree at this point MrC ... however I truly believe that the right news creating a 4/5 bag on BCN currently could create a 10 bag here.... Sonora is why I never sold up here ... LV will only take BCN them so far on their own... & I still think the JV's will create a huge upside for us .... EMH is a possible but we only have our direct interest ..... Yangi I'm not sure now well ever realise much without selling for peanuts.... the rest is just noise IMO & something the 'BOYS' at playing with at our cost until the Sonora JV's are sold or developed.

Maybe that's just me & why I keep my fingers crossed they don't sink the company before Sonora comes in...

....talking of failure .... there's still this for any who haven't noted there dissappointed with Morzario & would like to let him know.....

https://secure.avaaz.org/en/petition/Kiran_Morzaria_Cadence_Minerals_no_confidence/?ecQIxmb

& for clarity no I didn't start it & no I personally haven't signed up..... but it's there for any of a mind who want to.....

& walking away from failure hasn't impacted Lenigas any .... just keep pumping & filling your day with your current fad & what makes you feel good & gets people licking your arris ....... s hit on or ignore the rest.... eh!

Regardless ... we're they about to expire ? If not it might be a good sign.... I'd love for the next RNS to start something like Hanwa are stumping up £120M for an additional 9.9% of BCN &/or 19.9% of Mexilit & Megalit & the undertaking to develop.......... burn those short MF's real bad as the market reacts to a fully funded (small dilution) progress to extraction without needing an open placing !!!

Great ... so you didn't answer the question of whether you hold PREM & in truth you have no idea whether, what or when PREM might do anything beyond our funding of the DFS & as the junior party sitting twiddling our thumbs whilst they work on what's best for them ... despite how strong you 'think' our negotiated position might be - although you position & phrase things as though you know what's been agreed & have sight of the path forward!!

& in case anyone's interested NO I don't hold PREM & have no intention of doing so - there I can answer the question it wasn't hard hasn't influenced anything or anybody & I wasn't even asked....

Obs...... Obs ...... you OK Obs ..... LoL. .... have you given up on us lost boys or lost for further debate? :-)

Didn't do MMS any favours yesterday either.... they finished down @ 2.5c...