Member Info for EV_Bull

Here are some facts:

We have a deal to own 27% of an iron ore mine that made £124m profit for it's owners in 2011 and £55.7m in 2012 and was valued on their books at $660m in 2012 (£480m).
27% of £480m is £130m.
£130m would be 83 pence per share alone, not considering any other assets EMH, Sonora, Has etc.

https://www.angloamerican.com/~/media/Files/A/Anglo-American-Group/PLC/investors/annual-reporting/2013/annual-report2012.pdf
2012: $54 million ($77m / £55.7m 100%)

https://www.angloamerican.com/~/media/Files/A/Anglo-American-Group/PLC/investors/annual-reporting/2012/aa-annual-report-2011.pdf
2011: $120m ($171m / £124m 100%)

Bank Credit Committee Approval for Amapa Project Settlement Agreement:
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428213012811598

And yet more Lithium needed...
https://uk.finance.yahoo.com/news/uk-battery-gigafactory-plans-huge-105113005.html
Envision said annual capacity at the plant would eventually rise to 38 gigawatt hours (GWh), an increase from a previous plan of 11GWh that was announced in July as part of a supply deal for the Japanese carmaker Nissan’s Sunderland plant.

BYD raising prices:

https://www.yicaiglobal.com/news/byd-hits-all-time-high-despite-keeping-shtum-about-alleged-20-battery-price-hike
(Yicai Global) Oct. 26 -- Shares of Chinese new energy vehicle maker BYD soared to an all-time high even though the firm refused to comment on a rumored 20-percent battery price increase next month.

BYD's stock price [SHE:002594] surged as much as 5 percent to CNY333.33 (USD52.20) intraday. The shares are more than 50 percent up this year.

The vehicle manufacturer's lithium battery unit intends to raise the prices of its products, including CO8M batteries, by at least 20 percent on Nov. 1 due to raw material price hikes, according to a screenshot of a notice that was allegedly written by BYD Lithium Battery and dated Oct. 25. The picture began to circulate on Chinese social media yesterday.

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Aus Lithium Neighbour:
https://www.fool.com.au/2021/10/26/core-lithium-asxcxo-share-price-jumps-as-project-construction-begins/

The Core Lithium Ltd (ASX: CXO) share price is lifting today. This comes after the company announced the commencement of construction at its flagship Finniss lithium project in the Northern Territory.

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HAS JV:
"I think the biggest blind spot in the battery materials supply chain is actually rare earth elements"
Rock stock channel
E46: S3XY Rare Earths & Battery Metals w Ryan Castilloux
https://www.youtube.com/watch?v=4fo-COWBDx8
----

Worth remembering that commodities & resource companies tend to do well during periods of inflation.

https://www.reuters.com/business/autos-transportation/hertz-orders-100000-tesla-cars-bloomberg-news-2021-10-25/

Oct 25 (Reuters) - Elon Musk's Tesla Inc on Monday received its biggest-ever order, as Hertz announced it would buy 100,000 electric rental cars to go more eco-friendly just months after emerging from bankruptcy.

105,000T Anyone?! That would help the economies of scale somewhat nicely.

"On August 29, 2020, less than a month after the studies at USP, the CDSA received the first Panamax approved by the Navy, with two more cargo holds and capacity for up to 73 thousand tons.

The studies also indicated the possibility of the port and future terminals receiving New Panamax ships, with 105 thousand tons of capacity. They also confirmed that the Port of Santana could operate from sunrise to sunset, and not just for about an hour at low tide. Another discovery was the opportunity to operate 24 hours a day, as long as night beacons are implemented and adequate tugboats are used."

https://www.reddit.com/r/CadenceMinerals/comments/qfcxo9/studies_indicate_the_possibility_of_santana_port/

This was apparently published in 2017, I wonder if that is right as it could have been revived as part of the JRP / revitalisation. Perhaps our management have seen it.

https://www.marketresearch.com/Timetric-v3917/Zamin-Macapa-Steel-Processing-Plant-10924619/

Or c) they haven't got antitrust clearance yet - because these things take time.

The BCN offer has been suspended awaiting antitrust clearance:
https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/w04g28x

https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/w04g28x

I think pessimist is more accurate.

https://twitter.com/DavidLenigas/status/1390271879701749760
"Amazing for @CadenceMinerals - Bacanora being potential cash bid by Gangfeng at 67.5p a share. I started this whole venture at Sonora. So chuffed. Cadence own about 30% of about 70% of this massive Sonora #Lithium deposit. Now 800lb gorilla partner.#KDNC"

Hi @Dee,
If you appreciate the value of the project then surely you can appreciate the value of the Cadence 30% especially with a production increase scenario. The same could have been said for BCN prior to the 45p raise though.
If Cadence can't come up with the cash call, We would most likely be able to sell to someone who can and with a partner like Ganfeng I expect we'd be able to get an attractive debt finance to fund our share. Ganfeng themselves of course may wish to buy the share and own 100% of the project.

I think post 20% news there will be a significant re-rate and re evaluation of the assets (analyst reports etc) and institutions are more likely to come on board and support a higher share price.
My current estimate is 60-80p on 20% heading towards 200p+ in time as the projects progresses and we take our 27% or 49%.
The wildcard is something else happening around the same time with other assets e.g Ganfeng / Sonora or EMH re-rating.

It's not such a bad offer when you remember that BCN only own 50% of the main tenement and 35% of the others and that it's currently just dirt and a license, production being some years away still.

Acceptances won't come through until near the end because it's too much hassle for the nominee's because voting would lock up your holdings and prevent selling.

The real value from this now will be bourne by KDNC when the expansion plans become clear and the Mexilit tenements Fleur and El Sauz are needed sooner and in greater quantities.

Tomorrow is within 60 days lol. So is next week, some might say that it's imminent :-)

The share price doesn't know it yet!

Valor Econômico is the largest financial newspaper in Brazil equivalent to the Financial Times so a trusted source.
Article was published this morning.

"Bank unions agreed with the plan and now the venture can return to operation"
https://valor.globo.com/empresas/noticia/2021/10/21/plano-de-recuperacao-de-mina-no-ap-e-aprovado.ghtml
Paywalled article but may show up elsewhere too.

haha, I thought you where to busy whinging on the BCN board @MrNegative.
As you well know, for the 20% we are waiting upon the banks agreement being formalised (any day now).
For the 27% we require all key operating licenses to be granted (perhaps soon, perhaps a few months off but progress is swift).

Here you go: I found an update from the 19th that the article is based on:
http://www.mpap.mp.br/noticias/gerais/em-acao-de-improbidade-do-mp-ap-juiza-determina-a-indisponibilidade-de-bens-de-acusados-no-montante-de-r-443-milhoes

I would advise not to click on that site as it's full of spam links.
For those interested the story is actually 4 years old and not of concern to us directly (28th Nov 2017).
http://www.mpap.mp.br/noticias/gerais/mp-ap-pede-anulacao-da-transferencia-do-controle-acionario-da-anglo-ferrous-para-a-zamin-e-revela-negociata-com-aleap-para-anuencia