Member Info for EV_Bull

Yes and considering options around 67% "green" ore which is more eco friendly and attracts a bigger premium.

Yes,
EMH rising steadily on the back of the Czech election too.

Simply amazing that people refuse to believe this is happening, no doubt the recent virus is also fake to that crowd. Haha

For those that understand what is going on, this is a huge deal. This was the critical part of the deal that needed to be done.

Watch from here if you don't understand:
https://youtu.be/KMXHY5nn-sU?t=689

The recent interviews with KM make it clear that this was the biggest hurdle we have been waiting all year for, the settlement will follow in short order. No coincidence that KM is in Brazil for when the good news lands from a PR and press perspective it looks really good.

This is the big one in my opinion the next part is signing the agreements to take the 20% which should be a formality now and happen in short order.

I am amazed that anyone would sell at 22p given what is to come! Still a huge opportunity at that price. Should be well above 30p as the 20% news is right around the corner now.

Surely we will be over 100% up today?!

Amazing news, 20% just around the corner now! Congratulations to all of us that have held on and believed!

We should now get an RNS weekly from BCN/Ganfeng stating how many shares have accepted their deal. They need 75% to de-list the shares and 90% to compulsory purchase the rest.

So the current market cap says Sonora + Amapa is valued at less than £10m by the market currently.
The true value will be north of £100m, wild when you think about it. Sonora should be in the tens of millions alone, amazing how the market doesn't get it or believe it but I expect it will at some point soon. The recent sell off makes no real sense at all given the news just keeps getting better.

It's actually incorrect at the top and correct at the bottom:
In any case it's a massive upside!

http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=2790390
At the top:
Prior to its sale in 2012 Anglo American valued its 70% stake in the Amapá Project at US$866 million (100% 1.2 billion) and after impairment valued it at US $462m in its 2012 Annual Report ( 100% US $600m) [1]

At the bottom:
Prior to its sale in 2012 Anglo American valued it's 70% stake in Amapá Project at US$866 million (100% 1.2 billion) it impaired the asset in its 2012 Annual Accounts to US$ 462 million (100% US$ 660 million[6]

Mike, it's $660m but has been stated as $600m in the original RNS for some reason.
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=2790390
"Prior to its sale in 2012 Anglo American valued it's 70% stake in Amapá Project at US$866 million (100% 1.2 billion) it impaired the asset in its 2012 Annual Accounts to US$ 462 million (100% US$ 660 million[6]"
"[6] Annual Report 2012, Anglo American, pp 47 & 183"
Report
https://www.angloamerican.com/~/media/Files/A/Anglo-American-Group/PLC/investors/annual-reporting/2013/annual-report2012.pdf
Pg 183:
Total assets classified as held for sale $462m
$462/70% = $660m

$660m = £485m
£485m x 27% stake = £131m
£131m / 156.6m (fully diluted share count) = 83.6 pence per share (just for 27% of Amapa at Anglo 2012 valuation).

The good thing is the project is de-risking all the time as works are progressing. The share price will catch up at some point as it’s crazy cheap at the moment. I have made sure to take advantage.

Think of it another way Jimb2 they could mine our areas much sooner to secure their licenses!

According to Bacanora RNS the Sonora project is NOT affected Jimb2 and our JV is part of that project.

I am sure that management is watching closely though.

https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/rmn85vw

"Bacanora Lithium plc (AIM: BCN), a lithium development company provides the following update in respect of proposed Mexican Government legislation.
On 1 October 2021, the Mexican Government submitted to Congress a proposal for constitutional changes with the primary objective of strengthening the state electricity company. As part of these reforms future lithium concessions would be held by the state.
The new reforms will not affect lithium licenses already granted to private companies provided exploration work had already commenced and all license requirements had been met.
It is the view of Bacanora that it has met these requirements including the commencement of early construction activities at the Sonora Lithium Project. The Company will keep shareholders advised on any further developments."

Incredible news for us as it would give BCN/Ganfeng/KDNC a private monopoly on Mexican lithium.

It's great that dam inspection and now dam maintenance have started, important for the PFS, but also the licensing to get to 27%.

As part of the JRP:
"11(B) review and improvement of Environmental Management and focus on stability of dumps and tailings dams;"

For Dip B / 27%:
"The second tranche of investment, increasing Cadence’s interest to 27% for US$3.5 million, is contingent on the DEV
getting all the key environmental and operational licenses reinstated. "

In-case you are allergic:
https://www.reddit.com/r/CadenceMinerals/comments/q2gipl/new_progress_reported_at_dev_minera%C3%A7%C3%A3os_amap%C3%A1/

SAFF Engenharia welcomes its new client: DEV Mineração
https://saffengenharia.com.br/saff-engenharia-da-as-boas-vindas-a-seu-mais-novo-cliente-dev-mineracao/
Translation:
https://www.reddit.com/r/CadenceMinerals/comments/q26tos/saff_engenharia_welcomes_its_new_client_dev/

I think the market is asleep... of course many will need and RNS to think this is really happening.
Amazing Mural too...
https://www.facebook.com/romulo.coie.9/posts/428324338717925