Member Info for Mullins58

Https://www.linkedin.com/pulse/lithium-consumption-projections-until-2050-power-focus-ferreira

Https://www.bbc.co.uk/news/science-environment-66043485

I have kept off the board lately , people need to think about what they post. ATB

Https://www.londonstockexchange.com/news-article/UKOG/ps3-million-funding-facility/16017140

Https://www.heraldscotland.com/business_hq/23615146.north-sea-cambo-rosebank-oil-fields-can-save-co2-emissions/

The cost of funds has gone up substantially over the last year. The market will start to improve once investor's believe interest rates are on the way down. Hopefully early 2024. ATB

UK could be starved of energy, says North Sea boss

https://www.bbc.co.uk/news/business-66019291

Amapa 3 interested parties !

In our ongoing discussions with stakeholders of the Amapá Project, including shareholders of Cadence, there has been concerns expressed in relation to the timing of the development of the project as we would have originally expected to be in production at this point in time.

The extension of the development timeline is primary attributable to the almost two and half year delay in reaching a settlement with the secured bank creditors, this was substantially more than we had all expected. Given that a representative of the secured bank creditors indicated that they would be amenable to being paid from the cashflow after operations had started. However, it transpired that the secured bank creditors were seeking payment from the iron ore stockpiles and as such alongside our joint venture partners we negotiated a substantial reduction if the amounts payable delivering substantial long term cash savings to the project.

In the absence of a settlement, as per the investment agreement with our joint venture partners, Cadence did not want to risk capital in the project and therefore did not invest any substantial monies until this matter had been resolved. It was only at this point in February 2022 that investment in the project and could start in earnest.

Development Plan for the Amapá Project

The goal is to bring this project back into production. With the PFS completed, a project would typically directly proceed to DFS, funding, and construction. Cadence and Its joint venture partners have agreed that the lowest risk and currently best commercial approach to developing this project is to bring on a highly experienced mining operator or EPCM contractor as a joint venture partner, and we are working towards this goal. We currently have three interested parties reviewing the data room in this regard. However, the above strategy does not preclude the option for our joint venture company developing the project or embarking on trade sale of the project.

Https://www.londonstockexchange.com/news-article/KDNC/annual-results-for-the-year-ended-31-december-2022/16015195

Friedland warns of a copper ‘train wreck’ as supply stalls

https://www.mining.com/web/friedland-warns-of-a-copper-train-wreck-as-supply-stalls/

Https://www.newscientist.com/article/mg25834440-900-farming-destroyed-uk-rivers-to-meet-food-demand-heres-how-we-fix-it/

They don't care a monkeys about the environment.

Oce , the thing the green Box's are interested in , is the value of their properties.

Worth a watch regarding Europe

https://www.sharecafe.com.au/2023/06/22/qa-with-keith-coughlan-of-european-metals-asxemh/

Q&A with Keith Coughlan of European Metals

https://www.sharecafe.com.au/2023/06/22/qa-with-keith-coughlan-of-european-metals-asxemh/

Https://www.bloomberg.com/graphics/2023-ford-ev-battery-plant-funding-biden-green-technology/

Lithium producers warn global supplies may not meet electric vehicle demand

https://www.mining.com/web/lithium-producers-warn-global-supplies-may-not-meet-electric-vehicle-demand/

Lithium producers warn global supplies may not meet electric vehicle demand

https://www.mining.com/web/lithium-producers-warn-global-supplies-may-not-meet-electric-vehicle-demand/