@Obs...The point being, some people are assuming the deal is done / incoming because the BOD have awarded themselves some options. It may be soon, but as you can see , previous options have come to pass without the expected fireworks associated with them....
The reason given for no approval (yet) re Megalit was....it was too large lol. Last I heard they were going to break it up into smaller areas with the view / hope it would speed up the process....but nothing since.
Been peppering the 200 ema and horizontal resistance for 11 weeks...Won't take much more surely lol ;-)
https://drive.google.com/file/d/1QN9FrfWO_kAfwdR2ShsML37lzEuSLy9A/view?usp=sharing
Could have said financed JV1 + JV2 lol. Sonora lithium is the holding company for all 10 concessions.
Apologies for the cross wires @News.
Evening @Obs, delightfully put and factual ;-)
I just didn't understand @News statement...
"Mr Lenigas, former Chairman of REM plc who financed the Sonora lithium drilling otherwise Sonora lithium would not exist today".
Moneyweek refers to us having a 10% equity in La Ventana...we did, but it wasn't in return for us financing the drilling. It was because REM were buying BCN shares on the TSX-V exchange.
I still have BCN's MDA from 2013, BCN were drilling La Ventana in 2010. Pages 3 and 4 show how REM were to earn into the El Sauz and Fleur concessions....
https://drive.google.com/file/d/1Lc0caHeVyx48IFzquE2ZjevxhCTGWs_K/view?usp=sharing
And that's from the horses mouth so to speak
I'm aware of the background and that JV1 has nothing to do with La Ventana...
But your quote "Mr Lenigas, former Chairman of REM plc who financed the Sonora lithium drilling otherwise Sonora lithium would not exist today" is incorrect, 88% of the Sonora lithium project comes from La Ventana (current mine plan) which was drilled and had a NPV before REM were involved.
DS also stated at an AGM that we couldn't afford to buy into La Ventana due to their $US800 million NPV.
I'm pretty sure BCN had already drilled and released their PEA for La Ventana ($US 848 million) in January 2013.....prior to REM's involvement!
REM entered a farm-in agreement with BCN in February 2013 (JV1) with formal agreements executed in May 2013 allowing REM to participate in the drilling of the El Sauz and Fleur concessions.
@News..your question @09:07
"EyeGuy tells me that SHIPPING can start without the FINAL SETTLEMENT AGREEMENT SIGNED? From my perception, if there is no final settlement agreement signed, then shipping of the Amapa iron ore STOCKPILE CANNOT START?
Logic and reason 101?"
Basically the interview states that DEV will begin shipping the agreed amount of material and start reinvesting it into the asset ...whether KDNC have reached agreement with the banks or not.
KM lays it out on the 24/0/21...Time from 13:43.
https://vimeo.com/514243011
KM lays it out on the 24/0/21...Time from 13:43.
https://www.***************************/cadence-minerals-crystallising-value-for-shareholders-interview/412963398