Member Info for jimb2

Are you serious maddog38, you didn't take the opportunity to top up?

.

That's what I'm trying to figure out?

I could fill the page with possibilities both positive and negative!

1% of nothing or 1% of X versus a short term dip?

Why now?

@Bannor,

three more trades since:

Monday second trade:

Buy 17,491.0000 £1,016.98

well, I take responsibility for my own decisions - hopefully it won't be long before thee turn into good buys, I join the ten year brigade in May ;-) my views might take a different direction from then on!

@Bannor,

Buy 54,630.0000 £2,000.00

@MLQ.

that's not new new about Pemex, I posted 20th March:

Looking at how this year elections will play such a big part in EV's transition:

For the US Biden will have to win, Mexico I do believe Claudia Sheinbaum will carry on as AMLO left off so Xóchitl Gálvez would be my pick, shame she's so far behind if the polls can be trusted.

Biden argues that U.S. auto builders need to take the lead in the expanding EV market.

"I brought together American automakers. I brought together American autoworkers," said Biden in a statement. "Together, we've made historic progress."

Alluding to his target set three years ago that 50% of new vehicles in 2030 would be EVs, Biden predicted "we'll meet my goal for 2030 and race forward in the years ahead."

Claudia Sheinbaum has suggested Pemex should get involved in lithium $8%***%ake

Thanks @witty, that's music to my ears,

I have been keeping an eye on the Mexican elections and had come to the conclusion that Xóchitl Gálvez would be good for Ganfeng and KDNC, but its's a real step forward to see the issue mentioned directly as a campaign issue and her views in favour of Ganfeng being allowed to continue with the project.

Hopefully there will be more press on how badly this has been handled by AMLO, they are so far behind and the industry is entering another phase with the number of available EV's that are competing with ICE, this must be raising questions throughout the government when you see the investments in battery production elsewhere in NA and SA

It might also get more coverage if the Supreme courts overturns the mining laws based on the unconstitutional way they were voted through.

Fingers crossed this gets more coverage!

Https://www.bnamericas.com/en/news/mexican-judges-ratify-the-partial-suspension-of-mining-law-reforms

I wonder how the Supreme court will handle this?

Oh, yes @Dallasdaz,

apologies, would you expect the supreme court to hear the Amparo before going to the international arbitration?

There's lots going on that could have included Sonora:

https://www.bloomberg.com/news/articles/2024-03-25/catl-working-with-tesla-on-fast-charging-cells-supplying-nevada

https://www.electrive.com/2024/04/02/catl-and-gm-could-build-lfp-battery-factory-in-north-america/

Https://mexicobusiness.news/mining/news/federal-court-rejects-amparo-ganfeng-lithium-subsidiary?tag=mining

Not easy to follow but it looks like a second case rejected, if so that's good news to me as they seem to be going at a pace not seen in other disputes.

Sonora must be a thorn in their side with all the investment elsewhere across NA and SA, CATL could be partnering with GM in the US and so that would probably be Thacker Pass lithium, there's also talk that Tesla will be producing CATL batteries in Nevada for the model 2, lithium from clays in the US going into mass produced cars in Mexico - ouch!

@Dallasdaz,

I believe the two tonnes of ore are going to a Chinese company to analyse PSCI - I'm not sure who they are, if that's correct.

https://youtu.be/gEswmiGsVUA?si=YXWW8tYh5fTOgQ5a&t=221

Thanks @Bannor,

That's good to know, hopefully that's the last before international arbitration - the window for that should be around late May early June so in time for the Mexican elections.

It's a pity lithium prices peaked when they did, I'm doubtful AMLO would have taken so much interest if it hadn't hit $82,000/t

I'm intrigued how the DFS can run with implementation and the Chinese charity has done flowsheet optimisation work as well as providing the means for cost savings of $60m + through procurement.

Well, looking back at 30th October:

Development Programme

Under the MOU, TCIDR will provide a final proposal to complete the Definitive Feasibility Study ("DFS"), and on completion of a successful DFS, will submit a fixed price Engineering Procurement and Construction ("EPC") contract for the Amapá Project. The DFS, EPC contact and any other services provided by TCIDR are subject to both the services being provided on a competitive basis and to PBA's and DEV's commercial evaluation and approval. TCIDR will be appointed the General EPC contractor for the Amapá Project once these approvals have been granted and the provision of TCIDR-facilitated project financing is secured. This will require the execution of legally binding documents.

I think at the point TCIDR is appointed we will have been bought out, just my expectation - the data room has been running for over a year.

That's my expectation, looking at KM's demeanour in the last interview also gives me reason to feel confident there's things on the table.

It would also make sense for Chinese to have Iron ore supply at hand in Brazil at 69%.

Saving any company tens of millions doesn't happen without a fee or vested interest - juts a thought - Chinese takeaway!

Aiming for 67% green steel grade ore as the only product, the last two or three releases on AMAPA seem very positive.

The Chinese influence is really dominating the progress being made in flowsheet design and cost savings - how charitable of them!

Best performance yet by KM -

All looking as good as it can, I'm sticking with the Chinese takeaway and good that the mou parent company seems to have made a contribution to the cost savings, I'm assuming they are the Chinese engineering company they have priced the 'Big material aspects - such as ball mills 40% to %50 savings'

https://youtu.be/5DTCChBU_fA?si=ri_jmV-rIFgCCCns&t=151

Simona Int. owns China’s three biggest construction companies, namely CBMI Construction Co., Ltd., Sinoma Suzhou Construction Co., Ltd., Sinoma Handan Construction Co., Ltd.

Relying on its R & D resources, Sinoma Int. has developed a lot of dedicated equipment which is on a par with international level, i.e. equipment for energy conservation, environmental protection and automation equipment, etc. Sinoma Int. offers full-line dedicated equipment for cement production, such as rotary kiln, tube mill, pre-heater, grate cooler, crusher, ball mill, de-ducting machine, separator, elevator, stacker and reclaimer, etc. At present our manufacturing capacity reaches up to 300,000 tons/year, making Sinoma Int. a leading equipment company in China.

Don't base your investments on my findings - DYOR

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that our joint venture company Pedra and Branca Alliance ("PBA") and DEV Mineração S.A. ("DEV") have entered into a memorandum of understanding ("MOU") with Sinoma Tianjin Cement Industry Design & Research Institute Co., Ltd. a wholly owned subsidiary of Sinoma International Engineering Co., Ltd. ("TCIDR"). Through its wholly owned subsidiary, DEV, PBA owns and operates the Amapa Iron Ore Project in Brazil ("Amapá Project").

Well FOMO, it the Chinese interest in manufacturing in Brazil favours an investment there it could be at any time if they see AMAPA as appealing, I'm not suggesting that's a certainty, but a possibility and if for instance BYD had that in mind now would be a good time to secure a mine - if of course!

https://www.mining-technology.com/news/byd-brazilian-lithium-assets/?cf-view

“We prefer to buy any available and affordable resource, but it needs to be competitive. At the same time, BYD also prefers to own some mining operations in Brazil,” Li said at an interview in Sao Paulo.

“We are gonna build up this plant fast,” said Li. “We need to make sure in the future all cars we sell here are 100% produced here. BYD will become like a Brazilian company.”

Worth a read to see how aggressive BYD is in the region:

https://www.clbrief.com/byd-to-amp-up-investment-in-new-ev-plant-in-brazil/

.

At the end of September 2023, Cadence's total investment in the Amapá Project stood at approximately US$12.1 million, with the equity stake in the Project standing at 32.6%. Since then, Cadence has continued to invest in the Amapá Project, and a further updated equity position will be provided at the end of March 2024.

Hopefully more interested parties are now included in the discussions, I would settle for zero percent holdings at the right price or a reduction with some tie in to profits,

Battery tech in the new Tesla model 2:

Remember CATL were contemplating Mexico for a battery factory,

https://www.youtube.com/watch?v=FB2JKr3LsPI

Have they missed out on this?

Https://www.as-coa.org/articles/poll-tracker-mexicos-2024-presidential-vote

I'll consider every eventuality, a long shot that Xóchitl Gálvez wins, but still the gap is narrowing, she is pro private investment.

Let's also see what happens with Vulcan another one AMLO has decided to mismanage himself.

https://fortune.com/2023/07/28/mexico-vulcan-materials-andres-manuel-lopez-obrador-gravel-pit-crocodiles/

Mexico’s president is feuding with an American company about a crocodile-infested gravel pit. He’s offering $385 million and they want $1.9 billion

“Before I leave (office), this is going to be resolved, one way or another,” he said, adding that the company would have to agree to drop its damages-seeking cases before the arbitration panel as part of the deal.

I understand where you are coming from @Bannor but the world is very different today with nearshoring on the scale we are seeing in Mexico - the Chinese dominating battery minerals and processing.