Member Info for EV_Bull

DARE is the court costs / expenses system

MOVIMENTAÇÕES

Data Movimento
07/07/2021 Certidão de Cartório Expedida
CERTIDÃO QUEIMA DARE

https://www.londonstockexchange.com/stock/KDNC/cadence-minerals-plc/trade-recap
It's a cancellation of the prior trade, possibly do to an error, the trade was then amended from 50k to 58k. Nothing to do with shorts, a short is just a sell, closing a short would be a buy.
https://docs.londonstockexchange.com/sites/default/files/documents/rules-lse.pdf

yes, they are double stacking now to fit us all in. It's going to be a busy month for them. 3 Woodchip and at least 3 Ore to get done.

No. Iwagi is supposed to be moving to Pier 2 now though.

Yep and I'm already up £6k on a 120k tranche of ISB's shares when he sold out the other day.
You'd have to be a total fool to short this now though, surely better to close it out now than when it doubles and maybe even buy in to recoup some.

Where are you Mike? Must be time for one...

Those "articles" are computer generated.
10x is not unthinkable from here though if we get to 49%.

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The fun is in the chase Obs.
WB should be straight after Bao Feng the other one is at the end of the month. Exciting times.

I think they'll stay for p2 Obs, but expect the dates will change for those two but still even having two confirmed of a possible four in July is a big positive.
We know that according to Kiran (via Vox) one of them finalises the four (Net $10m) shipments, so what are we to conclude about the other one? Another third party movement, a done deal or optionality from an either or perspective? Using the other agency again too.

How's it working out for you Ray?

08 Dec 2020 23:58
Price: 13.75
Strong Sell

Didn't short this did you?
LOL

It's back again Obs.... :-)

I think the "Investment Entity" is purely for accounting and tax treatment though so don't read anything in to that of course.
https://www.mondaq.com/accounting-standards/217368/practical-guide-to-ifrs-10--investment-entities-exception-to-consolidation.

Also kind of related....

"Restatement of Accounts:
Cadence Minerals Plc is an investment entity, and its interests are held exclusively with a view to subsequent resale. Historically the Company adopted a consolidation policy that didn't reflect the nature, purpose and cashflows of the entity."

Of course, this purpose could change in future, but interesting nonetheless.

Did anyone spot the "Assuming Cadence retains it's position" - is this new wording hinting at a possible sale to Ganfeng?

"Mexalit will be mined starting in year 9 of the mine plan cease at the end of the mine life in year 19, and as such, assuming Cadence retains its position, any net realisable economic benefit to Cadence would only accrue at this time."

https://www.lse.co.uk/rns/KDNC/results-for-the-year-ended-31-december-2020-w77x5fwr82y6thw.html

nonesense Bannor: It specifically mentions "approval of the recovery plan". Why the pessimism?

1041359-79.2015.8.26.0100
Class
Execution of Extrajudicial Title
Subject matter
Mandate
Forum
Central Civil Forum
stick
40th Civil Court
Judge
Paula Velloso Rodrigues Ferreri
MOVEMENTS
Date Movement
06/07/2021 Certificate of Issued Publication Relation :0194/2021 Date of Availability: 7/6/2021 Publication
Date: 7/7/2021 Journal Number: 3313 Page: 773 to 785
05/07/2021 Submitted to the DJE
Relation: 0194/2021 Content of the act: Visas. Page 256/258: Take note. I register the new administrator of Zamin Amapá Mineração Ltda so that she can take note of the present event and receive the publications. Let the parties say about the approval of the recovery plan of the executed, proving it, within 15 (fifteen) days. After, make the case concluded and. Intimate yourself. Lawyers: Osana Maria da Rocha Mendonça (OAB 122930/SP), Tiago Ravazzi Ambrizzi (OAB 236645/SP), Edgard Silveira Bueno Filho (OAB 26548/SP)
02/07/2021 Only expedient
Visas. Page 256/258: Take note. I register the new administrator of Zamin Amapá Mineração Ltda so that she can take note of the present event and receive the publications. Let the parties say about the approval of the recovery plan of the executed, proving it, within 15 (fifteen) days. After, make the case concluded and. Intimate yourself.

What's your take Observer?
It seems like the real deal to me.
"Let the parties say about the approval of the recovery plan of the executed, proving it, within 15 (fifteen) days. After, make the case concluded"

Yeah I think counter intuitively the low price is putting people off and thinking it’s not going to happen. Likewise this position if/when it comes off is life changing as was stated earlier.