Member Info for jimb2

Cadence Minerals PLC ORD 1P

Quantity 33,476 at

7.4500p

Blimey, will I ever learn

Https://agenciaamapa.com.br/noticia/35539/governo-do-amapa-participa-de-forum-internacional-de-investimentos-em-nova-york-para-atrair-negocios-e-fortalecer-economia

The president of the Amapá Economic Development Agency (Agência Amapá), Wandenberg Pitaluga Filho, participated in the LIDE Brazil Investment Forum 2026, held in New York, United States. The event is considered one of the main agendas for attracting investment between Brazil and the international market.

Agree, NT, 300,000 - 200,000 sells 7.5p for 100,000 on Barcs - not surprised with no updates from site as i would have hoped for.

A brief summary of my AI searches, as always DYOR:

Starboard Partners (São Paulo) is a Brazilian special situations / restructuring investment firm focused on mining, energy, infrastructure and distressed assets.

Known/publicly linked projects include:

• Amapá Minerals / Tucano Gold restart (Amapá, Brazil)

Starboard Fund IV linked to Tucano restart/dewatering/refurbishment programme

Recent site visits described as a major Fund IV investment

• Serabi Gold

Starboard-linked vehicle acquired ~20% stake from Greenstone in 2025

• 3R Petroleum / Petrobras asset acquisitions

Created to acquire mature Petrobras oil fields

Includes assets in Rio Grande do Norte, Bahia and Ceará

• Infrastructure / logistics

Linked in Brazilian reports to highway concessions and mining logistics investments

Starboard says it has worked on:

• 32+ restructurings

• ~R$100bn capital structures reworked

• ~R$12bn new financing raised

Main themes appear to be:

• Mine restarts

• Distressed natural resources

• Infrastructure tied to mining/logistics

• Mature asset turnarounds

• Petrobras divestments

For Amapá watchers the key angle is growing evidence of Starboard involvement around Tucano/Amapá Minerals and possible wider corridor consolidation potential.

@cheshiredentist,

I don't see much news coming that's not already known - but a buyout or JV news would be no big surprise...hope that's underway. We know the route has been used for shipments by road and through the port for a third party and our processing won't take much plant to achieve the stated output.

Doesn't make sense the 'Corridor - Cluster' operating without a railroad and port link when our neighbours need it to expand and have access to the financial markets.

Don't let a day of 2% - 5% drop distract you! - Just my view of course, but the people on the board of Amapa Minerals have some recent big projects they have been instrumental in financing.

GL

Should be 400,000 --- 4,000,000 I wish!

Quote to sell 300,000 7.985p - NT 4,000,000 on Barcs

For the inquisitive,

Try a search on our neighbour with a mix of Tucano Gold - Amapa Minerals - Starboard - Apollo - Brunel partners

They seem to have the financial clout to develop the 'cluster' or 'Corridor' in Amapa - do they have the desire?

Be careful AI does run wild getting mixed up with Amapa Iron our project with Amapa Minerals our neighbour.

Still plenty of thought provoking links between them!

I do wonder how things will develop with the new investors in Amapa Minerals in terms of our agreement, the unknown!

March 2024:

https://www.lse.co.uk/rns/KDNC/progress-at-the-amap195161-project-corporate-update-ou0iwo4gtqijkkg.html

Amapás Development of Joint Venture Iron Ore Mineral Resources on the Tucano Gold Mine:

In addition to the Amapá Project's current inventory of 276.24 million tonnes of measured, indicated and inferred mineral resources at 38.33% Fe there is further 143.5 million tonnes at 36.77% of historical resource on the adjacent concessions owned by the Tucano Gold Mine. In addition, during the mine's operation, the previous owners identified four areas within the Tucano Gold Mines tenement with a mineral potential of around 500 million tonnes of iron ore.

The Amapá Project has a right to explore and mine these areas for iron ore, which are governed by various joint operating agreements

Now that the Tucano Gold Mine plans to restart its operations, we have been in discussions and have requested the complete set of geological data, including drill data and assay results, to review the historic mineral resource, with the target of bringing these mineral resources into the mine plan, extending the mine and improving the economics.

Well, the start is still scheduled for June, how soon will the extra resource be available and is the agreement(s) still in place? What are their expansion plans, could be just gold although when under Tucano they did plan to process ore,

https://www.cadenceminerals.com/wp-content/uploads/2023/10/PFS-Executive-Summary-KDNCs.pdf

DEV owns four Mining Concessions. The first three concessions are for iron ore, and the last is a gold extraction license. DEV has a joint venture with

Mina Tucano Ltda ("Mina Tucano"), which allows Mina Tucano to mine gold and allows DEV to mine iron ore from Mina Tucano's license. None of the

historical mineral resources on license Mina Tucano is included in this PFS.

Intriguing! do we get their ore, do they get our gold!

@cheshiredentist,

I'm content with a steady 9p - 12p on current news, I wouldn't be surprised if the SP begins heading to around 18p - 25p as June approaches if we get some mobilisation coverage.

I've been looking at our neighbours Amapa Minerals and the people backing that project, they seem to be planning for long term investments/expansion and already reported to have 700 plus people employed and so hopefully they will play a part in our project whether investing in the railroad and port or JV/buyout - they are bargain hunters so if they were interested I think that would be sooner rather than later,

Still there could be further interest through our current off-taker or perhaps the Chinese take another look?

Electricity sector led Chinese capital flows into Brazil, mining investments tripled:

https://www.reuters.com/world/asia-pacific/brazil-tops-global-rankings-chinese-investment-2026-05-07/

Like I said recently, I do believe being in a BRICS nation at the moment adds to our value.

GL

Https://www.bnamericas.com/en/news/brazils-mining-sector-projects-us77-billion-in-investments?utm_source=chatgpt.com

The previous major Brazilian mining investment cycle was broadly the 2007–2013 commodity supercycle - we seem to be at the right place and right time plus at a good stage in development to attract investment, Of course there's plenty of evidence of interest in expanding the corridor!

I don't see any Friday on the bell sell off's on the horizon with an increasing possibility of a buyout, the SP did tick up at the close most of last week?

Yes, @EV_Bull,

shame Observer845 disappeared unexpectedly, he made valuable contributions on here.

GL

Blimey @Barksy1 1,

found the old link to Proboards, those were the days hey! Hope of a big return - has the sentiment returned to the expectations of 2019 and before.

Good luck, I'll keep an eye out for any messages.

@EV_Bull,

do you still use Reddit?

Add a little for where we are @EV_Bull,

https://tvbrics.com/en/news/brazil-ranks-third-globally-for-foreign-investment-inflows-in-2025/

I did like the comment from one of the Amapa Minerals co-investors about a ten fold interest in Brazil from international investors in the last couple of years! (my last post)

GL

For the inquisitive!

https://neofeed.com.br/wealth-management/brasil-atrai-mais-de-us-5-bilhoes-do-investidor-global-mas-fundos-locais-perdem-parte-da-festa/en/?utm_source=chatgpt.com

LOL @Scaffman,

it's written in the stars! all aboard!

Isambard Kingdom Brunel sourced iron primarily from industrial suppliers in South Wales and Shropshire, which were hubs of iron production during the Industrial Revolution. Much of the ironwork for his railways and bridges was manufactured in Merthyr Tydfil.

And just 110 years later the Apollo mission landed man on the moon.

As I posted the weekend, looking at 9p this weekend with a steady 9p - 12p through end of May, let's see how the market responds to next news from the Azteca mine, photos!!

Great to see this climb for those who added on the lows.

Sonora settlement could be close!