Member Info for EV_Bull

How much of a premium does 67% "green" ore attract, anyone know?

Nothing to worry about and plenty of options. Management have had plenty of time to decide what is best at the time, let’s get the 20% legally signed over to us, that’s the next step and was expected to take a couple of weeks. I am sure once that has happened management will explain the plans in more detail.

Like I said everyone will have an opinion on this, not a major rush, but why wouldn't we get it all done so the funding can be put to use within the project. I personally don't see it as a big deal either way, I was just pointing out there were several ways of doing it, no right or wrong answers, just different approaches that can be taken.

It's more about timing Mike, Sonora or Hastings negotiations could take a while, a small loan could tide us over though while everything works itself out though and can be paid back afterwards.
Either way we have lots of options and I'm not personally concerned about it.

The numbers are off by a factor of 100
e.g 29.175p 32,000 = 9.3360k
Like it's treating it as £'s instead of pence

Thanks for sharing RockSpeculator, that is a 44% upside from here at their low valuation, should be far higher once updated with PFS numbers etc.

Charger metals and Celsius resources were also up 10% over night - our equity portfolio holdings

https://www.afr.com/markets/equity-markets/lithium-stocks-electrify-asx-in-new-year-rally-20220104-p59lre

EMH up 7% in Australia too

Yeah a full page on it quite a big deal really when you consider the size of the readership, I guess he ran out of words or was edited to fit the copy!
copy, repost or link to it all, not a problem.

Have a look here and you can see how it appeared in Saturdays paper:
https://www.branduk.net/daily-mail-justin-urquhart-stewart-co-founder-seven-investment-management-tips-cadence-minerals-at-28p/

Cadence CEO, Kiran Morzaria, commented: "When Cadence first announced Heads of Terms for Amapa back in May 2019, we knew that while a tremendous amount of work lay ahead, the investment and terms, if secured would represent our greatest achievement to date as a mining investment company."

"We are at this point today is entirely due to the team at Cadence, Indo Sino and DEV sharing a common vision and working together to achieve it. I am proud that together we have overcome some considerable challenges, including the impact of COVID on the Amapa region, to reach this moment."

"We have already embarked on Phase 2, where Cadence will vest an additional US$3.5m to take our holding to 27%. Given the rate of progess that I saw on visiting Amapa in October, I have every confidence that the day when our newly recommissioned mine re-commences production will come, at which point the nascent value in the project will be realised for the benefit of all our investors and shareholders."
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Cadence Non-Executive Chairman, Andrew Suckling, commented; "This is indeed a momentous day for Cadence, Indo Sino, DEV, the Government of Amapa, the legal teams and bank committees and administrators who have worked tirelessly, COVID notwithstanding, to finalise the final and perhaps the most lengthy part of the judicial restructuring plan agreed back in 2019."

"I would also like to put on record my heartfelt thanks to everyone involved in making this happen, and in particular to Kiran and the team for realising what is an absolutely transformational transaction for Cadence and its shareholders."

"Having achieved what we set out to do, the work really starts in earnest. Bringing Amapa back to life has created a raft of new opportunities for the region and its community, with improved prospects for employment, health and education. The opportunity is simply huge: Amapa was once owned Anglo American, and we fully intend to restore the mine and infrastructure to its former glory, and more besides given that we intend to produce a higher quality product mix. Even now, the value of this transaction is only starting to register with the markets, something I truly believe will change dramatically in the coming years."

https://www.dailymail.co.uk/money/markets/article-10359227/Top-City-figures-offer-investing-advice-cautious-brave.html

Andrew Suckling, Non-Executive Chairman
Andrew has over 25 years’ experience in the commodity industry. He began in 1994 as a trader on the London Metal Exchange, and subsequently became a founding partner, research analyst and trader with the multi billion fund
management group Ospraie. Andrew is a graduate of Brasenose College, Oxford University earning a BA (Hons) in Modern History in 1993 and an MA in Modern History in 2000

Kiran Morzaria, Director & Chief Executive Officer
Kiran holds a B.Eng. from the Camborne School of Mines and an MBA (Finance). He has over 20 years’ experience in the mineral resource industry working in both operational and management roles. The first four years of his career were spent in exploration, mining and civil engineering, after which he was involved in the acquisition, recommissioning and eventual sale of the Vatukoula Gold Mine. Kiran was appointed a director of Cadence in 2015

Adrian Fairbourn, Non-Executive Director
Adrian began his career as an investment analyst before moving to build and manage a highly successful alternative fund-of-funds. Adrian has co-managed a multi-family office in London, responsible for hedge fund investments and direct investments. He has successfully assisted in over US$1 billion of structuring, capital and fundraising projects for several private companies and alternative funds.

Donald Strang, Finance Director & Company Secretary
Donald is a member of the Australian Institute of Chartered Accountants and has been in business over 20 years,
holding senior financial and management positions in both publicly listed and private enterprises in Australia, Europe
and Africa. He has considerable corporate and international expertise, and over the past decade has focused on mining
and exploration activities.

Cadence brings the project funding and industry experience and with KM being able to speak Portuguese we are a perfect partner for Indo, it also reduces Indo's risks, Indo haven't had to put any money, maybe they couldn't - they were owed ore and have converted to equity.

Exactly right @tomcat, incredible reduction in the debts that I don't think anyone was expecting, the banks are accepting the haircut because they get their money sooner directly from stockpiles rather than from production in the original JRP.

Zak Mir previews the best looking small cap charts for 2022. Today's selection includes Audioboom, Bidstack, Emmerson, GSTechnologies, Cadence, Marechale, Omega, Pires, Quantum, Synairgen.

https://youtu.be/vHCf6krzoGg?t=218

@CaneToad, It's complicated, but just to answer the last two, this is a judicial recovery process, not bankruptcy and therefore some creditors were owed money and others were owed iron ore, one of the creditors "Gerald metals" has a claim on a stockpile so we are shipping it on their behalf (for a fee). There is a separate stockpile that is being used to pay off the banks debt.

They can ship as much as they like now the settlement is done.
The private port needs refurbishment and repairs.
I’d recommend you start here and ask any questions after.
https://www.reddit.com/r/CadenceMinerals/comments/rugni1/due_diligence_lsekdnc_cadence_minerals/

@Cane
It has taken several years to get the judicial recovery to be finalised after a previous failed attempt.
The biggest players you listed tend to want $5bn-$10bn mines in essence $1bn is small change for them, it doesn’t move the needle for them like it does for us.
They also want to use capesize vessels, we would have to transship or use panamax, still hugely profitable but not quite tier 1 for the big boys to be interested.