Member Info for EV_Bull

Take your pick:
https://www.paddypower.com/politics/uk-next-prime-minister

lol, oh yes, doh! I no longer watch the news, my bad, the next guy will be just as bad.

There have been three court movements / filings so far today too.

Not obfuscation Eric, the courts only fully opened again yesterday and the process was expected to take two weeks, hence the Feb date given in the presentation and covered in the Vox Q&A. This is in fact backed up by the courts own website:

https://www.tjsp.jus.br/Noticias/Noticia?codigoNoticia=79220&pagina=8

The work at the Court of Justice will resume on 7/1, but until 20/1, procedural deadlines and the publication of judgments, sentences and decisions, as well as the subpoena of parties or lawyers, will be suspended, except for measures considered urgent.

The date is in the file name - 24th September 2021
Comparing with Thacker Pass clay project which Ganfeng are involved with then Phase 1: 40ktpa/ Phase 2: 80ktpa.

Might explain those land purchases....

https://www.lithiumamericas.com/news/lithium-americas-expands-resource-at-thacker-pass-and-increases-phase-1-capacity-to-target-40000-tpa-lithium-carbonate

"Increased Phase 1 capacity of ongoing Feasibility Study to target 40,000 tpa lithium carbonate."

"Incorporating Phase 2 to target additional 40,000 tpa capacity. Feasibility Study is being designed to incorporate a potential Phase 2 expansion scenario to target total capacity of *80,000 tpa* to meet potential partner and customer demand."

Indeed... more great research from Zoom and Observer on Sonora in this post:
https://www.reddit.com/r/CadenceMinerals/comments/qtpwkw/bcn_rns_sonora_project_update_ganfeng_expansion/

To clarify, as the posts are now missing, twotwits was pumping his alleged £165k Pensana position which is currently 7.65% down today so -£12.62k.

Not sure you'd want to take the advice though, have you seen Pensana today?

Fyi Ganfeng intends to grow their lithium production capacity to 600,000 tpa LCE.
Across the 8 projects on their website they would need to average 75ktpa from each.
http://www.ganfenglithium.com/about3_en.html

Ok... I'll stop now, do your own research as always, not financial advice etc..etc.. lol :-)

Comparing with @Jimb2's favourite Thacker Pass clay project which Ganfeng are involved with then Phase 1: 40ktpa/ Phase 2: 80ktpa.

Might explain those land purchases....

https://www.lithiumamericas.com/news/lithium-americas-expands-resource-at-thacker-pass-and-increases-phase-1-capacity-to-target-40000-tpa-lithium-carbonate

"Increased Phase 1 capacity of ongoing Feasibility Study to target 40,000 tpa lithium carbonate."

"Incorporating Phase 2 to target additional 40,000 tpa capacity. Feasibility Study is being designed to incorporate a potential Phase 2 expansion scenario to target total capacity of *80,000 tpa* to meet potential partner and customer demand."

“The Company will further accelerate the construction of the Mexico Sonora lithium clay project, endeavouring to make it a leading project in the field of extraction of lithium from clay across the globe.”
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0924/2021092400651.pdf

So how big would it need to be, to count as a "a leading clay project globally"? Surely way more than 35ktpa? Great news for KDNC.

“The Company will further accelerate the construction of the Mexico Sonora lithium clay project, endeavouring to make it a leading project in the field of extraction of lithium from clay across the globe.”
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0924/2021092400651.pdf

So how big would it need to be, to count as a "a leading clay project globally"? Surely way more than 35ktpa? Great news for KDNC.

Your 346,921,065 figure is wrong, Ganfeng will accordingly own 349,491,378 shares, game over for BCN holders.

https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/rg846zw
done deal now, will they buy the KDNC share next to get 100% of it all? Surely they will?!

Things are getting interesting now....
https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/rg846zw

Hello @elcobbledore, this was all discussed on the Q&A session have a listen to the answers from here:
https://youtu.be/5iOT8agwzIY?t=148

My take always were
1) that the 49% is very likely to be offered to us because Indo won't or can't finance it.
2) KM *estimates* $20m-$30m cost to take us up to that.
3) yes this is 49% is expected to be taken by the end of Q1 2023.

It's a vote of confidence that they are holding on to their positions rather than selling, because they expect it to go up.

Cadence has been approached for early stage talks by several possible strategic investors, financiers and off-takers.
https://youtu.be/5iOT8agwzIY?t=1476

As far as I can see... yes, the PFS is going to be another key milestone that I expect will make institutional investors to get on board.

I guess that's why they've purchased an "additional 500 hectares of land acquired at the eastern end of the plant site location to allow for future plant expansions" then, not just for fun I guess?