Member Info for EV_Bull

I suspect the new investor could bring sufficient cash to pay off the banks and then one headache goes away. The stockpile can then be sold to fund the project.

Prices rebounding strongly

https://x.com/rodneyhooper13/status/1712648970839929059

Big missed opportunity for AMLO he could have allowed Ganfeng to establish and then allow LitioMx to gain the knowledge alongside them.

No doubt Amapa needs to come good, I guess we'll see.

12 years ago this was massively overvalued and you overpaid, no amount of blaming management will change that.

That's right external factors like commodity prices and government nationalisations affect investments, not every situation is the fault of the guy in charge and the ones that are you hope they learn from and are better prepared for the next situation.

Plenty to look forward to, EMH DFS for one in Q4, hopefully something on our Amapa JV partnership.

Evergreen Drilling...

EV's are ~20% of the market, this is just the very start.....

I'm not sure, hopefully they are ok as they disappeared all of a sudden.

Well worth reading. He suggests it’s time to go shopping.

https://static1.squarespace.com/static/5efa5cfea2338111ff757ac7/t/651c3e57d6b8c116fd8bff21/1696349789723/The+Lithium+Panic+of+2023.pdf

There are external factors that affect things as much or more than management ability, clearly we are in a bear market but eventually the tide will come in and we will see what things are really worth which is multiples of the current price in my opinion. It’s not like the economic situation is isolated to a single company, many are down just as much or more across every sector at some stage that becomes an opportunity for outsized returns for those with the capital to deploy.

Since you like complaining so much Bannor have you taken a look at HZM the past few days?

Https://www.livewiremarkets.com/wires/macquarie-suggests-lithium-price-upturn-could-be-imminent-as-m-a-frenzy-continues

Https://www.mining.com/web/mercedes-benz-is-able-and-willing-to-invest-capital-in-mining-ceo/

Seems to be progressing...

Cadence and Its joint venture partners have agreed that the lowest risk and currently best commercial approach to developing this project is to bring on a highly experienced mining operator or EPCM contractor as a joint venture partner. We are making good progress in this regard.

The JV partner can of course bring enough $$ to pay off the banks and then the ore would revert to DEV to sell as it pleases.

Seems like it is Gerald's Ore being shipped from reading the interim's

Getting the creditors settled and out of the way will be a benefit to any parties JV-ing or partnering with DEV so it is a positive to see shipments resume.

Good interview well worth a listen, the longer format works well.

https://www.youtube.com/watch?v=Mh5s0ob9YHk

00:00 - Introduction & interest in geology

11:02 - Mining Cycle & Public Attitude to Mining

20:17 - Where are we in the cycle commodity demand curve?

27:35 - Early Mining Career Experience

30:49 - Kiran's Approach to management

35:35 - Exploration is more often than not disappointing

40:32 - Cadence

47:41 - Exit Strategy/dividend/disposal

52:04 - Amapa Iron Ore

58:44 - Closing Thoughts

Did you mean to link this one? https://www.bbc.co.uk/sounds/play/m001qmlh

TE now due in today...