Member Info for jimb2

We have possibly 4 or 5 news releases in coming days weeks, there's always the possibility a suspension will drop,

I don't recall seeing this interview from 8 days back:

https://www.youtube.com/watch?v=xIDWhucLuWo

Good if you are new and want a quick snapshot of Azteca/Amapa

KDNC has faced a significant hurdle in its history of repeated cash raises and the protracted delays in bringing projects to fruition. However, the deal, if finalised next week, presents a strong opportunity to overcome this challenging legacy and provide a fresh perspective for investors...Azteca as KM has stated provides a bridge to the wider Amapa project.

Transformational days ahead and potentially an end to the bitter experience many have endured over the last 10 years+, time to look forward and not in the rear view mirror!

I doubt I will be buying any if offered after adding sub 1.8p last month and a little over recently, but will look forward to seeing the effect on the SP if it goes through. Then the Azteca sign off early October plus any further news on the main project.

• Protection for shareholders:

• Existing eligible shareholders will be given, where practicable, an opportunity to

participate on equivalent terms in any equity raising.

• The authority will be used only where it is in the best interests of all shareholders.

• The Board will report back on any use of this authority.

• Consequence if not approved: Cadence would be unable to participate in the Prepay,

delaying the restart of the Azteca Plant and deferring expected cashflows from the Amapá

Project.

From June,

https://youtu.be/YuOHLtgKRb4?si=DszaTIhgGqtgT9ai&t=300

KM words - overall both regards both the Azteca and the uh larger plant we're in a good position in relation to financing partners and potential funding.

@MLQ, but very possible if the assay confirms the grade and the cash raise goes through with the signed deal in a week or two - plus there could well be more news on JV/buyout for the wider Amapa project at anytime.

Aztec plant lined up for offtake pending a cash raise to fund 10%-15% and assay results - expected to be signed off early October

From June,

https://youtu.be/YuOHLtgKRb4?si=DszaTIhgGqtgT9ai&t=300

KM words - overall both regards both the Azteca and the uh larger plant we're in a good position in relation to financing partners and potential funding.

You might get that drink @Witty if it goes through!

I'm looking more forward to this Monday over next Monday, that vote if it goes the wrong way might see a reversal in the recent forward momentum.

Yes, @mr.james

I thought a sell off just before lunch would be on the cards, I sold just over 100,000 at 3.559p that I picked up around 1.8p, happy I took some profit but decided at 4:20 things seemed not the same old trading trend.

I'm looking forward to seeing how things develop next week.

GL

Tried a late 100,000 buy through Barclays, had to drop down to 30,000 to get it placed on the bell.

So when is the dump?

Assay results or pending suspension on buyout/full project JV.

Azteca OFFTAKE being dependent on the assay so I would hope this assay comes well before the GM.

It's always possible any of the interested parties will make a move on the entire project between now and the HoT signing?

@165zephyr,

"For me this certainly does feel like the last roll of the dice for the BOD - they'd better get this one right !"

exactly, the timescales for Azteca are known to be 'production by Q2 2026' - I'll be 100% behind any votes to remove the board if they don't deliver by then.

If we get the deal signed in the next two to three weeks the SP should be significantly higher and so for some that might be a better opportunity to offload.

@Scaffman,

it might be the only thing to keep an eye on if the vote goes against the raise - back to topping long's (21ft steel)

@Scaffman,

I'm not one to bash the bod but I would hope people vote this through and take other actions afterwards if the Azteca offtake doesn't go ahead in the timescales mentioned - so by Q2 2026.

I would be 100% behind any vote to remove board members should they fail on this thereafter, we could have a signed offtake and Azteca financing in less than a month with the 'for' vote or be in a weakened position for any other deals that may or may not materialise without a timescale should the vote go against.

Voted for -

time is ticking away I don't want any further delays in getting Amapa underway. A 'no' vote risks weakening KDNC, which could undermine any current JV or buyout negotiations. The potential dilution from this proposal might be preferable to the consequences of a less advantageous deal resulting from a weakened position.

Anyone holding in Barclays you have to give a full seven business days notice for them to submit a proxy vote and so tomorrow at the latest.

Assay results, this week would be useful,

We are playing the B side, Azteca