Member Info for EV_Bull

@Obs did you spot the slide from the cadence presentation in the haul?
Explains a lot more of Dip B and C

Yes, It is completely separate to the bonuses which were used to buy shares last year.
Myself and Obs see it the option award as a very positive sign that they expect the sp to be significantly above 29p before long hence us happily topping up below / around that level.
The market clearly doesn't get this share, it's far too complex for most to understand and value.
How many investors fully understand the JRP or have read it even not to mention the lost in translation aspect of it. Once the legal aspects are sorted we will be away in to ten bagger territory.

It's the opposite tomcat, the £67k amount owed in tax has been transferred to the court pending appeal of the tax bill if it's appropriate, this then allows dev's bank account to be unblocked as it is currently blocked due to this tax bill.

67,864.51 Pound sterling

They have the option to purchase the shares from Cadence at 29p which would cost them (and net Cadence) £2.1m.

Interesting to see pellets mentioned again, perhaps higher prices being acheived with some of the stockpiles:
"Iron ore differs in physical form. Fines require sintering (agglomeration into crude pellets) prior to use in the blast furnace. Lump ore can bypass this process and be charged directly into the furnace, as can pellets, and both command an associated price premium."
https://www.metalbulletin.com/Article/3811904/Iron-ore-pricing-explained.html

https://www.lse.co.uk/rns/KDNC/issue-of-options-0v0r8hq8fqpfhbt.html

you should include the 7.2 million options issued though, I'm sure they expect them to be of considerable value issued at 29p.
They would own 6% of the company at that point.

Turning you question on it's head I'd say what is everyone else missing?
Huge opportunity here if thing go even half to plan.

I think dev's appeal has been partially granted now to allow the unblocking of the bank account
https://www.jusbrasil.com.br/diarios/1141729004/djsp-judicial-2a-instancia-17-08-2021-pg-924
(R$493,560.08) must remain reserved in the Tax Foreclosure Court until the judgment of the merits of this appeal by this Chamber

Yangibana measured and Indicated numbers have now been updated (increased)
https://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/

It's not so much that it suits us, I'd rather it was 45p but there's not much you can do about it so may as well be ambivalent about it.

Yeah, I'm not too bothered about the day to day fluctuations and it does give the opportunity to add more as I did the other day.
Given how thinly traded this is If someone sells £50k as today is does have a big impact on the share price. The same will of course work in reverse, many shares are now in sticky hands pending the deal announcement.

They have registered the name "Dev Mineracao" as a trademark another step forward for sure.
"Trademark is a name and/or image that identifies a product or a service. In order to enjoy an exclusive right over it, one has to register it with INPI."
https://www.gov.br/inpi/en/services/trademarks/basic-guide/basic-guide

Good PR for Dev:
https://www.tjap.jus.br/portal/publicacoes/noticias/12363-tjap-e-mp-ap-inauguram-polos-de-leitura-na-comunidade-do-ambr%C3%B3sio%2C-em-santana.html

If you find C210417905 you are on my wavelength, I have it.

If you can answer this one first Nick:
"What are you trying to achieve here Nick?"

I am waiting for the conclusion of the deal, however long it takes because I believe that even if something extraordinary happens there is a significant margin of safety present at the current price with the value of the other assets.
Sonora JV is easily £20m added to £20m in EMH/MIO/Cash + Yangibana I believe i'm well protected in the long run.

Not to mention the fact that:
according to the courts, the banks cannot prevent the company's business from continuing, especially to the point of preventing its recovery. The decision maintains that the sale will enable the resumption of the company's activities, favoring all creditors.
As far as I see it if the banks don't sign the courts will be able to force their hands and make them unsecured.

No I've taken to company watching Obs via another source so It's still possible.

some of the recent court updates are also haul related e.g (3rd bordero) so it's clear things are happening in that regard. We are clearly getting a significant delay between actual events and when they appear in the court posting.

Facts:
"the Amapa opportunity looks better than ever"
"we are highly confident that we will be able to execute a settlement agreement"
https://www.lse.co.uk/rns/KDNC/results-for-the-year-ended-31-december-2020-w77x5fwr82y6thw.html
----
"according to the courts, the banks cannot prevent the company's business from continuing, especially to the point of preventing its recovery. The decision maintains that the sale will enable the resumption of the company's activities, favoring all creditors."
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'We remain enthused by the opportunities and possibilities that a fully recommissioned Amapa mine will deliver, and I am delighted to see local contractors and companies already engaged with us to make it happen .'

'I look forward to reporting further progress to you in the coming weeks and months'.

In early September 2020, we announced that DEV Mineração S.A's ('DEV') and Cadence and Indo Sino Pty Ltd ('the investors') agreed in principle to the settlement terms proposed by the bank creditors. The principal commercial terms agreed in 2020 have not varied materially, and at the time of writing, the final settlement is currently with the bank creditors for comment and/or approval.

https://www.lse.co.uk/rns/KDNC/positive-operational-progress-at-the-amapa-project-3qd1d71k90n2hg1.html
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Could be any day now IMO