Member Info for EV_Bull

Got 21.9% from my ii holdings so it was 4.5x over subscribed, which is a positive at least.

As a rule of thumb 20% of NPV is used as a fair value which is £140m. I think being fully licensed will be the big catalyst followed by start of production and first shipment from the Azteca plant. Have a google of Oak Bloke he compared to Sovereign Metals which has over £200m market cap.

Interesting to see institutions at 21%

I came across a few potential companies, nothing conclusive it bodes very well to have big name backing and a company with the resources to potentially be involved with the shipping and logistics side too.

Amapa is surely worth many multiples of our SP when we have it fully licensed, which should only be a few months away now.

It's possible that we have the exploration options still but they're not likely to vest since they are going after gold

You can just buy shares in EG1 yourself if you want of course.

Tbf, better to just buy on the open market given how small the offer is, the scale back mechanism and the limited broker support for it

Increase in inventories (5,727,000) due to tariffs

China has also banned BHP which might lift iron ore prices

https://www.reuters.com/world/china/china-bans-all-bhp-iron-ore-cargoes-pricing-dispute-deepens-bloomberg-news-2025-09-30/

Nice to see a big vote of confidence from the directors.

The Board believes Cadence remains deeply undervalued relative to its asset base. With an equity stake of approximately 35% in a project carrying a US$1.97 billion NPV, and near-term cashflow from Azteca, the Company has a clear bridge from today's modest market capitalisation to a substantially higher valuation as milestones are achieved.

Decent turnout

He means a temporary pause in share trading due to a big news announcement, it's much more common in Australian markets though due to their rules, don't see it very often in the UK market, can't see why there would be one unless some news leaked out early.

Estimated Cost and Freight ("CFR") operating costs of US$79/t versus current market prices of approximately US$120

$41/t x 380,000 tpa = $15,580,000 per annum gross profit. possible 2-4Mt supply = 5.25 to 10.5 years of supply

Bet you are so much fun at parties lol. +140% in a month is a good start.

When we get this fully licensed then we're back in business and the big money will come in to jv/buy out the mine, that could only be 4 months away. This is just an aperitif.

Thanks for sharing, I had also missed that one, but it highlights the turning point that we are at now where it can be (partially) self-funding, and it's quick to get it back up and running, licensed and proves that it can be done.

Regarding the legal claim Chatgpt told me:

If the ICSID tribunal finds for the claimants, Cadence’s share of an award could realistically be £80–100m net, with upside to ~£130m. That’s 4–6× current market cap, even allowing for risk and discounting. Ganfeng’s funding reduces Cadence’s legal cost burden, so almost all of the award would fall to Cadence’s bottom line.

Perhaps a TR-1 incoming, that would make all the difference here