Member Info for EV_Bull

Iron Ore price looking strong today and lithium carbonate above $55k/t today
2022-01-25
Seaborne index 58% Fe fines 87.50
Seaborne index 62% Fe fines 136.80
Seaborne index 65% Fe fines. 170.80

Commodities actually tend to do well in times of inflation.

I am quite surprised at the current SP given the prevailing Lithium and Iron Ore prices, 60p per share seems a good price target to me for the 27% ownership (i.e within the next few months) but there should be lots of other things e.g EMH, Sonora, Hastings, LT/LS, and further progress at Amapa (e.g PFS) that have the potential to push us beyond that in time.

The PFS will clearly be a big help for ii's coming on board, should be a great year ahead for KDNC.

Ganfeng bought it.

You have to consider that getting the 20% done unlocks 27% and very likely the 49% (for an estimated $20m-$30m).
The 49% could (on my cigar packet calculations) be worth around £550m NPV8 the market clearly can and should discount this but at a 30% risked basis (70% discount to NPV) it's still well above £1 per share (without considering other assets).

It was in the RNS Evan:
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428223526507925
"We are pleased to announce that the completion and filing of the required contractual and regulatory documentation is proceeding as planned and we currently expect to finalise this in the first two weeks of next month."

We are going to own 20% of Dev within a few weeks, that's all you need to know really.

This could have been several days ago, so it could be further on than it seems, the "Conclusion for Decision" was 14th Jan

Ok, so my thoughts on it, of course just my best guess, don't put you're house on it....

I believe AJ is the Judicial Administrator,

so the part in brackets is:
"the Judicial Administrator informs return of documents to the debtor." - To me "documents" is the signed agreement with the banks.

The Judge is aware of the above return of documents and has instructed the Judicial Administrator to inform the Debtor and the Banks Union about the conclusion of the agreement.

So in effect it's being handled by the Judicial Administrator, but the court has presumably seen a copy.

Did you miss this Mer? Seems to me that the courts are informing us the agreement with the banks is finalised.

I think the rubber stamp has been busy!

It’s about to get interesting…

4- Fls. 21.626/21.629 (AJ informa devolução de documentos à recuperandaque). Ciente da devolução dos documentos. Diga a Recuperanda e o Sindicato dos Bancos acerca da finalização do acordo.

Not interested in the trucks Ban "just noise", more interested in this one:

Mario Cruz-DEV MINERACAO SA Dam - UNDER JUDICIAL REORGANIZATION-858.010/1999-OF. No. 3030/2022/SESBM-PA/ANM

Right to Request Mining Phase

Determines compliance with requirement - Term 60 days (2224)

Bacanora has informed the London Stock Exchange that it wishes to cancel the admission to trading of Bacanora Shares on AIM (the "Cancellation"). The Cancellation is expected to take effect at 7.00 am (London time) on 26 January 2022 (being 20 clear business days from the date of this announcement).
https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/x2koj6x

Global push for green steel could hit Australia’s $150bn iron ore exports if miners don’t adapt, report finds | Mining
https://www.theguardian.com/business/2021/dec/02/global-push-for-green-steel-could-hit-australias-150bn-iron-ore-exports-if-miners-dont-adapt-report-finds
Good news for our high grade 65% Amapa ore which attracts a premium and indeed Zamin had plans for local steel production: https://www.reddit.com/r/CadenceMinerals/comments/qlrzq4/zamins_2013_plans_for_120m_amapa_steel_plant/

Indeed hangman with a K

Not quite how I intended it to appear!

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lol - see what I did there

Do you see what I see @Observer?!!