Member Info for EV_Bull

And 31.5% of Synergy prospecting too,
Neighbours:
Charger Metals Market cap £19m
Core lithium market cap £710m

I was going to add the NPV..
27% of Amapa NPV (100%) over $1bn (my est.) Anglo Profits $171m & $77m
30% Sonora JV (Ganfeng will be scaling up - Project NPV >$1.25B at much lower lithium prices)
30% Yangibana JV - Hasting MCAP £256m

Assuming open offer fully subscribed:
~£34m Market Cap
~£12m Equities
~£3.5m Cash after paying for Amapa

£18.5m left for:
27% of Amapa NPV
30% Sonora JV NPV
30% Yangibana JV

Two of the Perth-based junior minors, European Lithium and European Metals, reckon the clincher for their projects is that, unlike Rio’s greenfield site, they plan to operate on defunct mines.

European Metals’ Cinovec project in the Czech Republic is built on a 1940s tin and tungsten mine that closed down as the country emerged from the communist period in 1993, and executive chairman Keith Coughlan says the nearby town of Dubi has mining in its blood.

“There are 600 years of history to it. Dubi has at various stages in its history relied on that mine. Everyone has a relative who worked in it – an uncle or a father or brother, or a grandfather or great-uncle,” he says.

The locals and the national government are on board, and Coughlan says the focus now is on the regional tier.

“Where we’re doing the most work is in making sure regional government is happy and comfortable,” he says. This has been helped by the state-owned electricity utility – a partner in Coughlan’s project – deciding to put a battery factory in the vicinity.

Ah, try it from this link:
https://twitter.com/globallithium/status/1493083067249999873

Despite a recent spate of NIMBYism in Europe, Perth-based lithium bosses all seem confident they can get their projects over the line. But how?
https://www.afr.com/companies/mining/how-australia-s-lithium-miners-hope-to-play-in-wary-europe-s-backyard-20220211-p59vvf

forever is a long time so I won't comment on that, there is no cost to sign up, no payment details needed etc, WHI KDNC research is free to view now from what I can see.

https://www. research - tree .com/companies/uk/resources/cadence-minerals-plc/KDNC/LON#tab-research

Sign up for a free account on here, and see if you can access them, the quote was from the latest one:
https://*********************/companies/uk/resources/cadence-minerals-plc/KDNC/LON#tab-research
research - tree

e.g....
"The crystallisation of a 20% (expected to soon rise to 27%) ownership in Amapa will transform Cadence. We see the Amapa project as quick-to-production project producing a premium product which will have a market. That the mine was in operation before and closed for reasons outside its control derisks the whole project in our opinion and we see Amapa capable of providing significant returns to shareholders in time."

summaries* doh

I have access, you aren't currently missing anything that hasn't already been mentioned on here or Reddit multiple times.
Most are just single page summary's of the RNSs

https://www.sec.gov/Archives/edgar/data/1300050/000127956918002214/ex991.htm
Diesel for the operation of the mining fleet and power generation is the main bulk material transported to the Mine, approximately 3 ML are consumed per month (equivalent to approximately 80 tpd) as of the first quarter of 2018. This demand would decrease by half once the power source is converted from diesel to hydropower.

80 tonnes = 68,000L Diesel... PER DAY = 25ML per year$1.062 per litre = $26m /yr

Assuming half for electricity as above
Assume 30% efficiency 1L Diesel = 3kwh /L $0.354/kWh (PLUS generator cost / maintenance)
Hydropower cost est $0.15 /kWh saving 58%

$13m - 58%
Saving $7.54m (straight back on to gross profit)
$5.46m total cose.

Assuming our mine would use more than this (and therefore save more) you can add over $5m (less tax) on to the historical profit figures.

https://www.asx.com.au/asxpdf/20120904/pdf/428hkxw57vsjqf.pdf
Agreements with Anglo on slide 8.
Beadell mine Iron Ore concentrator 3D image on slide 9.

They appear to have stockpiles of Iron Ore:

https://www.annualreports.com/HostedData/AnnualReportArchive/B/ASX_BDR_2016.pdf
Page 6:
Tucano Mine OPERATING RESULTS DEC 2016 DEC 2015
Total Waste Moved (t) (waste mined plus iron ore mined) 16,655,670 17,381,302

https://www.annualreports.com/HostedData/AnnualReportArchive/B/ASX_BDR_2015.pdf
Impairment
Impairment losses for the period included $11.8 million in relation to its Magnetic Separation Plant and iron ore
receivables. The impairment charge has been recognised as a result of continued financial difficulties of the Group’s
iron ore by-product off-take partner, Zamin Amapá Mineração Ltda (“Zamin”), following the destruction of the port
facility at Santana and the suspension of production activities by Zamin at their Amapá Iron Ore Mine.

Trade and other receivables
The Group recognised a $5,314,000 million provision for impairment loss related to sales of iron ore by-products
to Zamin Amapá Mineração Ltda (“Zamin”). The impairment loss in full has been recognised due to increased
uncertainty of Zamin resuming production activities at their Amapá Iron Ore Mine following the destruction of the
port facility at Santana.

Property, plant and equipment
The Group has placed its Magnetic Separation Plant (“MSP”) on care and maintenance due to Zamin’s inability to
take or pay for iron ore concentrate previously produced by the MSP following the destruction of the port facility at
Santana and the suspension of production activities at Zamin at their Amapá Iron Ore Mine.

Beadell (now great panther) built an Iron Ore beneficiation plant and Anglo had an off-take agreement with them so Anglo / Zamin would buy it from Beadell and then rail, ship and sell it, they also had agreements to mine directly in their area. Beadell had an agreement to mine gold in Anglo’s area and there were two other agreements.

Their plant was put in to care and maintenance pending the recovery of our mine / railway.

https://www.reddit.com/r/CadenceMinerals/comments/spwh9m/beadell_resources_2012_presentation_detailing_the/

Quite interesting really, it’s a big opportunity and benefit both parties equally.

https://youtu.be/wZNJua-kYM4?t=1230

Q: would you say that do you think it will be necessary to reinforce or buttress certain areas prior to any future loading that could be carried out the site in order to prevent this from occurring

A: so when you know part of that rehabilitation was completed I think around 80 percent of the rehabilitation of the buttressing was completed so I think there's one more buttress to complete so we would look to complete that and that was piled to a great depth and it is concreted so there was a good buttressing carried out already so we'd complete that and that's part of the design and stability design that we'll need to review but we have budgeted for the completion of that work and yes we would need to do that prior to bringing the port back into production along with rehabilitating the mine and the railway, but these are all part and parcel of the deal that we got involved with and we knew that that was going to occur, so i think there's nothing new here and certainly we've envisaged all of these in our cost estimations at this point in time and our understanding of potential liabilities etc, but you know the advantage of this asset to be clear is yes it's got some of these historical issues but you know we don't have to build out a new mine, we don't have to build out a complete new railway we don't have to build out a completely new port, that infrastructure is in place already and you know this is sucking a thumb but anglo-american along with mmx and and cliff's probably invested in the order of a billion dollars into this asset and we don't have to do anywhere near that amount so the financial risk for us is heavily mitigated by that infrastructure and the presence of the licenses, certainly for example the railway, comparative to doing a new build.

Yes the NPV is (and was) far higher.

You can DM and have private (and public) group chats on reddit and via the reddit app on your phone FYI.

$660m was the "for sale" price on Anglo's books KM refers to this as the "written down value", the NPV8 is much higher and my estimates are that it could be as high as $2.5bn if the mine life is extended to 25 years as KM discussed.

P.S the Reddit is a better resource than telegram imo https://www.reddit.com/r/CadenceMinerals/

You have been credited with an entitlement, you are entitled to buy them at 20.5p each if you so wish. You need to have cleared funds in your account and tell your broker that you want to buy them (the default is not to buy them).

Yes they are Jimb2
Tradable securities in issue: 168,649,083
https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=KDNC