Member Info for EV_Bull

You're best off on X @scaffman.

CEO: https://x.com/Edark94/status/1870038069748912450

"The Chinese collapse in #antimony production is solely due to depleting reserves. That's why this bull will last longer than most expect.

By the looks of it,

@HesperianMetals

& #KDNC are gonna be the first producer of concentrate in the West through our Das Gatas project.

Since I discovered MOLT & the #antimony bull case in 2022 I've been enamored in this metal. While MOLT didn't work,

@HesperianMetals got birthed from the ashes of me working to find the best Western antimony projects.

And now, us & #KDNC got AFAIK the only Western project which can produce within 2 years."

@bannor why do other companies even those on AIM manage to raise without any discount or just a small one, https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/xqpddl and their chairman steps in to loan money showing belief in the company. And we have to take such a discount, is the investment co model totally broken (I think it might be), no belief from funders in our projects or management? having to perpetually raise at lower prices is one of the main reasons for the ytd decline.

I don't disagree, I've moved most of my funds in to companies that don't need to raise cash.

Maybe he will make an appearance this week, the main issue is the massive discount every time the company raises funds. And also raising at a time when the SP is at an all time low and when positive catalysts should be not far away. I'd expect they think it's worth it and we are getting in cheap due to market conditions which I think is the angle the oak bloke is going with. https://theoakbloke.substack.com/p/im-not-at-all-amapa-at-kdnc

More: https://x.com/Edark94/status/1868919876787880427

"As some of you may be aware of,

@HesperianMetals

is a Spanish privco founded by myself & a few other mintwit OGs, to explore & develop the Iberian Belt for #antimony & #tungsten projects!

With this deal we've just managed to finance quite an eventful 2025 for us & $KDNC! 🎉 🎉🎉"

The banks have rights over the ore so it's up to them when it's sold etc, they have decided not to let it be sold for some reason. It would be nice to get a more detailed update at least, maybe a Q&A session, management going dark is not the best look.

More here: https://x.com/HesperianMetals

Emil on X seems to know his stuff and is involved so you never know it might be a masterstroke.

https://x.com/Edark94/status/1868949123023417624

The money went in to PFS studies and Dam maintenance, security etc, then a deal was done with the banks to use the stockpile to repay their debts but now it's at some kind of stalemate and banks will probably be paid by the new investor/buyer of Amapa.

@Zoom that would be a possible avenue, yes, if enough shareholders are against the idea.

It's an LOI at this stage so could potentially be stopped, but why haven't they managed to get an LOI for Amapa?

I think the route to go is for this to be blocked and change the investment policy to a managed wind down. Possibly with a new board.

It is invalidated due to the JRP afaict

More likely the ii from the previous placing selling down @struv they had 6m shares

Or perhaps a royalty

Yep and potential for US investors/miners/producers to be interested now we've a 67.5% product

They must be fairly confident in achieving the licensing this month to have it on the slides.

My understanding is that the banks will be paid in cash to release their hold on the stockpile probably funded as part of the financing package / jv deal.

The stockpile could be shipped from our own port on a capesize once the infra is rebuilt and it would be more profitable to do it that way instead of trucking it to the local port which was annoying the residents and only on small ships (not cost effective).

Busy with other things at the moment struv, waiting for licensing and a deal to be struck, like everyone else I guess.

Latest Development:

October 14, 2024 - Following appointment by the Respondent, Pierre Mayer (French) accepts his appointment as arbitrator.

We should have a strong case in arbitration you'd think