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Link to Hot Copper
https://hotcopper.com.au/asx/eg1/?keywords=EG1 43.1% rise
Last
46.5¢
Change
0.140(43.1%)
Mkt cap !
$58.85M
Hot Copper BB
Nice to see Evergreen's (EG1) second project , Kenny, getting a bit of press on the back of the LTR action.
Was informed of my IPO allocation by email today, so listing shouldn't be too far away. The Li space hasn't been so great of late, and neither have recent IPO's, although I believe EG1 should buck the trend.
Anybody who reads the posts to this BB would not be a buyer of shares. The constant stream of negative posts by people who purport to be shareholders is bewildering.
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428231539220288
It links to summary of PFS of Amapa. of which KDNC owns 30% equals approx £270m
Post-tax Net Present Value ("NPV") of US$949 million ("M") at a discount rate of 10%, with profit after tax of US$2.96 billion ("B") over Life of Mine ("LOM") gross revenues of US$9.39 B over LOM.
Response to email
The guidance listing date was the 10 March, it was not a definitive date as this is how the ASX works / unlike AIM/LSE which sets out a definitive timetable. Evergreen is governed by the ASX and ASIC.
Obviously, we understand the process of listing on the ASX having been involved in listings / compliance on this exchange before. At the moment there is nothing PSI to report either way. It has taken longer than the ASX had provided guidance for - but this is not atypical for the ASX. Once the Company provides guidance or a definitive timeline we will up date the market.
Join us at the UK Investor Magazine Virtual Investor Evening 5.00pm 29th March.
An opportuinity to ask questions. I suggest emailing KM at info@cadenceminerals.com> .
I have asked for an update on Sonora and Evergreen.
Extract from Pre-Feasibility Study
Annual average production after ramp-up of 5.28 million dry metric tonnes per annum (“Mtpa”) of Fe concentrate, consisting of 4.36 Mtpa at 65.4% Fe and 0.92 Mtpa at 62% Fe concentrate.
Export Finance Australia (EFA) provides a non-binding and conditional Letter of Support for up to
A$100 million towards the Yangibana Rare Earths Project
• Proposed financing would complement the existing A$220 million commitment by the Northern
Australia Infrastructure Facility (NAIF)
https://hotcopper.com.au/threads/ann-letter-of-support-received-from-export-finance-australia.7292872/?source=email
https://ukinvestormagazine.lpages.co/conference-29th-march/?mc_cid=8e06c03471&mc_eid=baa3f351c1
https://hotcopper.com.au/threads/something-up.7289201/
Crazy volume on the close today...the largest I have seen in a very long time
Comment from presentation made by KM at beginning of March,
*In 2021 the Mexican senate elevated lithium deposits to the category of “strategic minerals”, declaring the exploration, exploitation, and use of lithium to be the exclusive right of the state. It is our current view
that the Decree passed by the senate only impacts licenses, concessions or contracts to be granted not already those already granted as is the case for the Sonora Lithium Project. Therefore, at this point we do
not believe there is a material impact to our joint venture areas.