The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Holding a share in an active mining company doesn't turn KDNC into a miner but it does wonders to its risk profile and financials. I'm in favour of selling speculative assets to increase our stake in DEV and EMH.
Many got lucky and entered much lower - they will take some profit at a price what may already mean a multiples of what they paid. Many traders will sell simply to lock in a 20-30% gain - they don't care about fundamentals. I am happy to see their orders snapped up, simply because that means a higher entry point / cost basis - this provides support, rinse and repeat. The price will get there, it's never a straight line.
Every big sell by someone is a big buy by someone else. The downward trend of the iron ore prices at present are not very relevant for Amapa given its likely timeline (and in general, given the other assets KDNC has), so not sure what makes someone to sell in the current situation, but I'm not complaining about the opportunity to accumulate.
I don't know MMM, I don't have a source for this. Need to wait for an RNS, which won't happen until it becomes KDNC matter from a regulatory point of view.
However, the court receipts of petitions on the following day seem to confirm that things went as expected - I think the most likely reason to file them is that the changes were approved.
CEZ will prioritize the relationship with VW; that's what makes most sense for the Czech Republic given VW's supply chain and presence via Skoda. A Tesla offtake is pretty unlikely before that happens. Keith pretty much implied that they are not in any kind of hurry to sign offtakes, the time works for us and we can keep on negotiating until the decision to mine is on us mid next year - I would be very surprised to see any announcements before Christmas. Just my opinion obviously.
It's not new news. Observe the jump last week. Next catalyst is the signing, then 20%, 27%, feasibility studies and other operation news, etc, then the grand re-opening, if everything goes well. Anything missed?
" The ore is beneficiated to 65% Fe Pellet Feed and 62% Fe Spiral Concentrate."
Source: https://www.cadenceminerals.com/projects/amapa-iron/
Pretty much repeating the same stuff doesn't make it true or more real. Even the likelihood of that is low given VW's relationship with CEZ and the Czech state - Tesla's sourcing just makes it more likely that VW must finally commit. That's not bad for us, but no - Tesla is unlikely to get their Li from Cinovec.