Member Info for EV_Bull

Do you value your house at cost value or market value though? It makes no sense if you bought it 10 years ago and made a bunch of improvements. The recent transactions are proof of that.

LT/LS is done, we own £1.8m in Evergreen shares.

I was expecting that response but thought I'd post anyway... slow news day and all.

Kiran Morzaria (CEO of Cadence Minerals) briefly discusses EMH: https://youtu.be/cu1u90A2BDA?t=1075

I expect it will only be what has been spent on it.
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=861147

Ganfeng also have billions of dollars and are raking it in at current lithium prices, $50m is really nothing to them, they bought Bacanora out for a reason! They will obviously want the rest of it. 150 year resource life...

It really makes no sense to value the company based on book value on the balance sheet as of 6 months ago and then update the EMH price, totally ignore the £4m raised and the several million added with the HAS / Evergreen deals.
Obs is the closest to realistic minimum at £37.5m.
https://www.reddit.com/r/CadenceMinerals/comments/vpr5w7/due_diligence_lsekdnc_cadence_minerals_asset/

Due to the 20:1 reverse split @nookie

https://youtu.be/cu1u90A2BDA
Time stamp 34:40

Hi, this question was asked during the latest Q&A, I’d recommend you watch it.
TLDR; There is a clause in the contract with the banks that handles this eventuality, so it shouldn’t be a problem.

EMH -43%
Raise +£4m
HAS £905k -> £5.1m
LT/LS £803k -> £1.8m+
Amapa 0% -> 27%

Yeah. Quite a bit has changed since 31st Dec though.

Effectively the most pessimistic valuation it is possible to come up with gets you back in to the 20s (100%+) and the best is easily 10x that (20x).
Adding at these prices should work out very well.

I haven’t updated it yet with the latest quote but my understanding is here: https://www.reddit.com/r/CadenceMinerals/comments/q800za/amapa_details_on_the_49_option/

I agree with Observer’s assessment and in the worst case you also have to consider that Indo need our expertise and may not even have $9m to facilitate the buy back, let alone they would then need to fund 100% of the project, we have been brought in to help because we have access to financing and funding, that is part of DipC in the JRP.

Quite a few things to highlight from the presentation.
"loading a cape size at our port but half loading it then taking it out to the amazon to fully load it this allows us to achieve a lower cost in terms of a ton of shipment to China".

This is a really big deal in terms of shipping costs, very happy to hear that.

Yeah, I was just wondering if Keith/Geomet could be in negotiations that EMH bod (Lincoln Bloomfield Jr) aren't aware of so he could still be allowed to buy. Clearly Keith was talking about signing deals so maybe so?

Oh, we were talking about Lincoln Bloomfield Jr's recent share purchase.
https://www.investi.com.au/api/announcements/emh/c98486f9-d7e.pdf

"The Company is always represented jointly by at least two Executives, with one of the agents being Executive B and one Executive A"
EUROPEAN METALS (UK) LIMITED Business share: 49 %
Severoceské doly as Business share: 51 %
https://opencorporates.com/companies/cz/27752976

No matter.... I found it and he's not on the board:

Board of Directors:

Managing Director A:
DAVID HAJMAN
Date of membership: 27 April 2020

CEO B:
KEITH DUDLEY COUGHLAN
Date of membership: 27 April 2020

CEO B:
KIRAN MORZARIA
Date of membership: 27 April 2020

Managing Director A:
Mgr. MARTIN POHLODEK
Date of membership: January 13, 2022

Chairman of the Board of Directors:
Ing. LADISLAV STEPANEK
Date of taking up office: 13 January 2022
Date of membership: 29 April 2021
Managing Director A

Number of members:
5