Member Info for EV_Bull

It read to me like it's only the "MSB" concessions i.e not Mexilit or Megalit.

"Bacanora is challenging the validity of the previously reported 3% royalty over
the MSB concessions within the Sonora Lithium Project, payable to the Orr-Ewing Estate, and is seeking a judgment
of the Court in Alberta declaring such royalty invalid. The basis of Bacanora Minerals Ltd claim is that the royalty was
originally granted based on a negligent or fraudulent misrepresentation by Mr. Orr-Ewing that he held a pre-existing
royalty granted prior to the acquisition of the MSB concessions by Bacanora Minerals Ltd."

https://www.bacanoralithium.com/cms/wp-content/uploads/2021/03/BCN-Annual-Report-2020.pdf

Yes,
Dalian pushed back due to further covid cases now 04/09/2021

It's getting interesting again @observer
Certidão de Cartório Expedida
Certidão - Genérica

Date Movement
08/23/2021 Certificate of Notary Issued
Certificate - Generic
08/23/2021 Attached Document
08/23/2021 Attached Document
08/23/2021 Electronic Message (email) Attached
08/20/2021 Electronic Message (email) Attached
08/20/2021 Attached Office
08/20/2021 Electronic Message (email) Attached
08/20/2021 Attached Office
08/20/2021 Electronic Message (email) Attached

"What is a generic certificate issued notarial certificate?
An issued notarial certificate, which is a generic certificate, means that the notary has ready a document that was requested about something in some process, it is not mentioned about what it is about."

Could it be......?

There are alternatives, you need to consider the true price for oil not just $/barrel or £/l but the damage that is being done, oil spills, air pollution, co2, nox, military campaigns etc, these are called negative externalities (i.e indirect costs).
We have come along way on the back of oil, I am not demonising it but it's now time to move to the alternatives. Even if you are climate sceptic, are you a lung sceptic, clean air sceptic, cancer sceptic?
Anything that is not "renewable" will eventually run out, it's tautological.

https://www.law.nyu.edu/centers/state-impact/projects-reports/projects/climate-and-health/health-effects-of-burning-fossil-fuels

Alternatives:
https://en.wikipedia.org/wiki/Bioasphalt
https://en.wikipedia.org/wiki/Bioplastic
https://www.forbes.com/sites/scottcarpenter/2020/08/31/swedish-steelmaker-uses-hydrogen-instead-of-coal-to-make-fossil-free-steel/

Rest assured that many smart people have thought about all of this stuff, studies have been done etc. On balance it really is the best option we have in the foreseeable future.

you are clutching at straws now, lithium is a chemical element, it doesn't "run out of usable life".
Any citation for your statement?
https://en.wikipedia.org/wiki/Lithium
https://www.sciencedirect.com/science/article/pii/S2405844019347012
https://www.sciencedirect.com/science/article/pii/S2095809917308226

On another note, a subsea cabling vessel warnowborg is due in to Santana Pier 2 06/09/2021. (No suggestion it's anything to do with dev or it's purpose.)
https://www.wagenborg.com/news/warnowborg-and-adriaticborg-prepared-with-custom-cable-tanks

maddog, you should try to get informed instead of spouting oil industry fud, they are going to be reused and then recycled, they contain precious metals after all and far more concentrated than a mine, the same cannot be said for petrol or diesel.
That is also to make no mention of local air pollution and co2 / nox.

this should get you started:
https://www.youtube.com/watch?v=mk-LnUYEXuM
https://www.forbes.com/sites/alanohnsman/2021/07/28/redwood-materials-raises-700-million-in-race-to-revolutionize-battery-recycling-for-electric-cars/
https://www.youtube.com/watch?v=Bpe8HalVXFU

Volkswagen Electric Car Battery Recycling Plant
https://www.youtube.com/watch?v=Qi8Y2lF7Luw

https://corelithium.com.au/finniss-lithium-project
https://wcsecure.weblink.com.au/pdf/CXO/02405082.pdf
-Core has signed a binding offtake to supply 75,000tpa to Ganfeng Lithium for 4 years
- Offtake pricing referenced to the market price for 6% Li2O spodumene concentrate, adjusted for actual Li2O
content, with a price floor
- Together with Yahua’s 75,000tpa 4-year offtake agreement1, approximately 80% of Finniss’ Stage 1
production is now contracted for the first 4 years
- Ganfeng has agreed to provide A$34 million of equity to further secure funding for the Stage 1 development
of the Finniss Lithium Project
- Ganfeng’s investment is at A$0.338 per Core share, representing a 10% premium to Core’s 10 day VWAP2
- Ganfeng has a proven track record of investing in high-quality lithium projects across the world
- Ganfeng’s investment is subject to Core shareholder approval and Chinese regulatory approvals (both
anticipated to be received prior to October 2021)

I am more than happy to be wrong in terms of under-valuing assets and be surprised on the up side.
More than happy for you to argue it's £300m or £400m, at my ~£200m potential asset valuation with ~£36m market cap you have more than adequate margin of safety and a massive up-side.

Regarding the JV assets Yangibana totally relies on Hastings to unlock the value there, I believe there is sufficient demand for the JVs to be needed, but we cannot guarantee when or how that will play out so best to be conservative on that valuation I'd say.
Sonora we know is going to be scaled up and £20m could well be a very conservative estimate and that's fine by me because I can invest with confidence at the current share price given the assets we have and just see how it all pans out, we should be at least 45p today bare minimum in my estimation.

I have done the same Jimb, sold EMH and BCN added to KDNC, there just seems to be so much more opportunity here when looking at the risk/reward profile given our current (under) valuation.

The BCN deal could take 6-12 months to close, however it does add value to the KDNC JV as they will want 100% ownership and our area will form a large part of their plans to scale up the project.

The EMH stake accounts for 10p per share in KDNC currently ~£15m. Not to mention the cash from the stake we've sold (likely enough to cover the 27%).

I estimate that we have at least 5m in cash / loaned out money / money in escrow / Macarthur stake.
Strip that and EMH out (£20m) and you have £16m market cap left for Amapa, Sonora JV, Yangibana JV, LT & LS.

Use the $660m ~£485m impaired valuation of Amapa:
20% = £97m (for $2.5m)
27% = £130m (for an extra $3.5m)
49% = £237m (for an extra $27m?)
Note you'd have to deduct the cash used to fund Amapa from above.

Sonora is easily worth £20m to Ganfeng or Hanwa
Yangibana is worth 5% of Hastings in my mind £8.65m currently
LT&LS >£0 could be worth something in future core lithium could buy it for a few £m.

So where should fair value be today?
EMH £15m
Cash etc £5m
Sonora £20m
Yangibana £8m
Running total £48m
Amapa 27% £125m (£130m-£5m to buy stake) * chance of deal closing (e.g 90%) = £112.5m
Amapa extra 22% (49%) = ~£215m - £125m (£237m –Dip B $27m) * chance of deal closing (e.g 90%) * chance of first right of refusal option (e.g 50%) Total: £40.5m
Total Valuation: £201m (90% chance Amapa deal closes)
Price per share (90% chance of Amapa deal): £1.29
Price per share (50% chance of Amapa deal): £0.85
Price per share (10% chance of Amapa deal): £0.40
The market has got this share wrong big time IMO. Please tell me why I'm massively wrong as I'd love to know.

Hanwa of course have a stake in Bacanora and off take agreement, perhaps they might take an interest in our 30% too.

"stable mining jurisdiction" is not what comes to mind when I think of Afghanistan.

Exactly, the lithium assets alone can justify the current market cap!

Next up
P1 MANDARIN DALIAN (U) 23/08/2021
P1 KEN COLON (Dev) 27/08/2021

P2 GLOVIS MAGELLAN (U) 24/08/2021
P2 TBN 28/08/2021 (Dev)

6 Further Dev boats on the current schedule after those two

I think you have to logically work out the options and assign a probability, you will find that there aren't actually that many possibilities without extremely positive outcomes for KDNC across all of the investments.

Amapa ->
95%+ chance Deal gets done (£1+)
<5% chance of no Deal, If no deal, most likely outcome Judge rules LBO creditors to become unsecured, KDNC still takes 27%. <1% something worse than the above.

Sonora -> Ganfeng buys out KDNC for £20m+
EMH -> Gets offtakes and gets funding for construction -> our holding 2-3x+
HAS - > Buys us out of JV areas (possibly for equity) £10-12m+ market cap of HAS £173m
LT&LS Take 100% and spin off as a lithium explorer or sell to core lithum -> See Bradda head and core lithium mcaps

The Ganfeng buyout option alone added to the EMH share price covers the market cap.
If EMH has potential to double and that alone would cover todays SP.

Lithium is abundant all over the world.
Nobody in their right mind would be setting up a mine in Afghanistan when there is plenty of it spread all around the world including in South America, Africa, Australia, USA, Canada, Europe. Total nonsense politically motivated articles do not change the facts that it was only ever about oil.
China have already secured plenty of lithium all over the world via Ganfeng. Sonora has a 200 year mine life for example and plenty of spodumene in Australia and that’s before you start looking at DLE from brine.

RayPugh/Mr.L I feel sorry for you, but I no longer wish to read your posts.
Please can you let us know all of your other aliases so I can filter them? I think I have most of them but wouldn't want to miss any.
Thanks

Only creditor decisions in the latest court ruling.

No mention of the union of banks, if you want my optimistic take that’s because there isn’t any problem that the judge needs to rule on and all moving forward there as we have been told by RNS.

I should add that I only have one account, sorry to disappoint.