Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
EV - current shipping to China is around $36-$39. It's at its peak. This is likely to come down by the time we are a producing mine, so I think a still conservative estimate would be $30 per tonne. By 2023, shipping rates will have normalised to below $30.
I very much doubt MMs have ready made Portuguese legal experts on hand.
They, like us, will look for clear confirmation.
Now we know Intesa wanted shipments suspended. This was rejected. They then appealed and it looks to me, this appeal has been rejected. Look forward to someone else confirming what I'm interpreting as cannot be 100%.
From the August RNS:
"Cadence has been informed that the Bank Creditors have now filed an appeal to a higher court, none the less the original ruling still remains in force."
From the judgement:
"That said, by my vote, I dismiss the interlocutory appeal, prejudicing the examination of the motion for clarification"
Yes, weakening of the Brazilian currency a positive.
In full flow and with 47% ownership, £1bn market cap is very doable. The consider what KDNC will do with those funds. A lot of hot sectors in Materials & Mining right now. Amapa is simply transformational to Cadence.
It does make a difference to prospective buyers seeing a sea of red.
It is something to do with the VGH holding. He kept his personal shares.
Perhaps as a condition of the FSP, a would-be buyer cannot or will not negotiate the purchase with two separate companies, so a private investor or EUA bought him out at market price as a pre-condition to the FSP.
Agree lancerman, but also don't think it has anything to do with any knowledge he has of the FSP either.
My guess is he's completely uninvolved and has decided to sell up for whatever reason.
kopfissen - if you're right and he's been selling over a period of weeks, it adds to my theory that he is not involved in the FSP, does not have knowledge of the FSP and has decided to sell for whatever personal reason.
Over the last few weeks we had DFS approval and an update from the board stating there are several non-binding offers, and we're proceeding to binding. So if he sold in dribs and drabs, he sold during good news.
If he didn't, he'd have needed to do it via a broker, with a buyer lined up.
Either way, it doesn't point to the deal being dead in any way.
You've got it all wrong calamari.
What you're implying is insider trading. The most obvious explanation is this guy hasn't been an advisor to the BoD for months (only news I find is over his appointment in September 2019) and has sold of his own accord. It needed someone on the other end to pay him 29p for his shares. You think someone is going to pay 29p to someone who knows the deal is dead?
Use your head. My bet is an RNS informing us of this and that the FSP is proceeding as stated.
Agree with the above. This is a classic Akers pump and dump. Funny how nobody mentions that the placing RNS made it clear they are no negotiations whatsoever with any other party and the placing is just to keep the lights on.
Yet the sheep are buying this in the mid-30s well above placing. A lot of people will deserve to get spiked when placing shares hit in early Feb.
Have to be honest here, the JV went from a near certainty requiring only a site visit, to Craig confirming the site visit is done, they won't be lowballed and if it doesn't happen, 'we'll' look into doing this ourselves.
JV, while obviously still possible, has had the odds of it happening reduced going on that last interview.
Yune so clearly has an agenda and doesn't even know how to read a flow diagram, from his interpretation of the 1-6 months in the presentation. It's so strange to me someone spends so much time criticising a share he either holds or has no interest in.
Tune, are you unable to read a simple graphic.
It doesn’t say 1-6 months for the court settlement. They’re expecting the court settlement imminently. It’s right at the start of that 1-6 month box. Ore shipment, Sale of Fe stockpiles, commissioning studies and recommissioning all to begin within this timeframe.
So Amapa court settling confirmation is imminent. This dip is a gift.
Who is this Miagi365 joker?
They can continue to sell to research hospitals, of which there are 1000 in the US alone. Just 100 of those gives them $10-$12m recurring PROFIT and that’s putting aside the profit from the fixed sale price.
There is plenty of news flow leading up to FDA approval. The market will catch on. Miagi desperate to get back in it seems.
In the meantime price has bounced hard off 67p support and is now back at 70p
Not bashing it. Stating fact. Look at the chart. Without news it'll continue bouncing around the sub-2s and above placing.
Another idiot who gets defensive to facts because he holds a stock
Don't worry - you'll definitely get lower. Just look at the chart for proof of that.