Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
From the annual report:
'The key features of the facility include: US$150m commitment (day one step down from US$180m upon completion of the equity raise); step down to US$125m after 18 months; operating leverage of up to 3.5x; dividend restrictions if leverage exceeds 2.5x for the Q1 2021 dividend and onwards (not expected to be triggered); security against the Group’s assets; and the option to extend the three-year term by one year subject to lender consent. The facility has a cost of LIBOR plus 2.75-4.5% depending on leverage ratios but we expect the cost to normalise at LIBOR plus 2.75-3.50%. The day one borrowings of US$123.5m implied leverage of just over 3x at closing, with leverage declining to below 2.5x by the end of Q2 21 and reducing thereafter.'
Seems to be a debt covenant issue as a result of the Voiseys Bay transaction.
....and Julian interviewed by Proactive..
https://youtu.be/WETLPZVW228
https://twitter.com/brr_mediauk/status/1382231623249358851?s=19
I suspect a better remuneration comparison would be some of the smaller royalty companies over in North America. After all, that's where Adam is based and has been for some time. For example, he's earning pretty much the same as Trey Wasser at Ely Gold. Both Adam and Trey earn one third of what Brett Heath earns at Metalla.
Ultimately, Adam has doubled my money (more or less) over 12 months. He's also put in place some decent assets that should assist the company to continue to grow. No doubt there'll be plenty more. From that point of view, if the company replicates another 2x or more over the next 12 months I certainly won't be complaining about Adam's salary.
Great mention of NEXS on today's Tech podcast.
https://soundcloud.com/user-596578261/vsa-capital-tech-transitional-energy-080421
Construction going well. First production anticipated by mid 2021
https://incoa.com/exciting-news/
Construction going well. First production anticipated by mid 2021
https://incoa.com/exciting-news/
Thanks Markydeedrop
A good article, with key contributions from Julian Treger
"Race for heavy metal puts electric car revolution at risk"
https://www.telegraph.co.uk/business/2021/04/02/race-heavy-metal-puts-electric-car-revolution-risk2/?WT.mc_id=tmgliveapp_androidshare_Aw5lqC8tk1wT
KDNC announcement today:
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A's ("DEV") has commenced the shipment of the iron ore stockpiles from Santana, Amapa, Brazil. This shipment was approved via a court petition (details of which can be found here ) and represents the first shipment of Iron Ore from this asset since its closure in 2015.
Highlights:
-- The first shipment of 45,000 tonnes of iron ore from the Amapa Iron Ore Project has commenced
-- The vessel is currently loading and is due to sail this week
-- Iron Ore 62% Fe, CFR China at US$167.05 per tonne (26/02/2021)
-- Approximately 1.39Mt of iron ore currently stockpiled as DEV's wholly-owned port
-- Operations are continuing in Brazil
APF has a 1% gross revenue royalty on all iron ore and non-precious metals extracted from the Amapa System.
Here's the replay of the Shares Mag presentation on 24th March.
https://youtu.be/U266h1laPnw
Evening. Yes, he's proved himself to be very well connected, and has been instrumental in the construction of TRR's royalty portfolio. I think the key benefit for EML is the experience he brings from Xstrata prior to the Glencore merger.
Kelly obviously was part of the senior team at Xstrata along with Sir Mick Davis - who has just re-entered the industry with his Vision Blue Resources vehicle. Investment by Vision Blue into Trident or Emmerson would certainly raise the profile of either company...
TRR presenting tonight
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening--webinar-240321?utm_source=twitter&utm_medium=social&utm_campaign=investoreveningwebinar1003
They were initially scheduled for today, but the Voiseys Bay transaction meant they would be delayed a few weeks. The VB RNS stated the annuals would now be 14th April.
I think that's an interesting move. Kelly has a lot of experience in that field from Xstrata, so a good appointment for EML.
No, it won't preclude any potential transaction between EML and TRR, provided Kelly's interests on both sides are declared and he's not involved in the transaction itself. I'd go as far as to say it's likely that TRR will be involved in the financing for Khemisset going forward.
Some interesting LinkedIn posts regarding big contract wins
https://twitter.com/ajbeaumont7/status/1374022530978217986?s=19
Re cobalt, I think Julian would be the first to highlight the difference between abundant supply vs supply from operations underpinned by good ESG principles. That matters, and as time goes on it'll matter more and more.
Agree re vanadium. I think Largo is a good place to be now the shackles of the Glencore offtake have been cast aside. Income from Maracas Menchen should continue to grow as production increases and vanadium prices perform as most of us expect.