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Just looking up lithium co*s.
The NPV that was quoted is JUST FOR VENTANA [88% of mine feed] under BCN, NOT for SLL which has another NPV that has a scoping study done under REM.
Just in answer as I was working that out last night myself. Important to get the TOTAL NPV right.

12.5.21

I have NO more need to post on this forum anymore.

The topics I opened for discussion have NOW ALL been answered by the "Possible" takeover offer of Bacanora Lithium [Sonora Lithium project] by Ganfeng.

The topics I raised on this forum has now transpired into EARLY POINTERS to this eventual takeover offer at 67.5p.

On the Bacanora forum, many had hoped to be part of the SONORA JOURNEY but now they realise they cant be given the takeover offer. Of course, the PRIZE is what is being discussed.

It will be the same come the time IF the acquirer should then want the 30% JV stake held by Cadence Minerals under REM Mexico Ltd. However, given that the Sonora project is NOT the main biz, it may NOT be as crucial given AMAPA iron project which is a new business.

AMAPA
Given Mr Mozaria, CEO of Cadence Minerals has now decided to GALVANISE all efforts to fast-tract shipping of the iron ore to CAPTURE the higher or high iron ore prices, the RISK is now reduced on 1 front.

As I said, in terms of iron ore, the price is the tricky part to deal with and I am pleased that Mr Mozaria has addressed this issue.

I note that IvyBush on the main KDNC forum said he invested £90k on the strength of Mr Mozaria*s interview on VoxMkts yesterday. Mullin85 also said that on the strength of the said interview he will invest today - he stated he is working in an FCA licenced environment.

So, no one can blame others if they have to see that their investment is DE-RISK to a point.
That was my whole point of discussion - to see if there were any contributions or any other aspect that I could not see but it was NOT taken that way. Many investment firms have
committees in the past and brain-storming is part of the investment process rather than blind investment?

So, I take my leave with thanks.

News, Tues, 11 May 2021
DYOR.
There will always be RISK in any stock but the risk factor may be 5 of which it may be too many to handle, hence the de-risking of even 1-3 is helpful etc. Every de-risking will happen ALL ALONG THE WAY. One cant afford to snooze - well one can but one has to take risk on board.
If one can afford losing one*s investment, then snoozing is okay I suppose?

I have just listened to the interview:

I am pleased to say that Kiran Mozaria*s interview today is very enlightening:

1] I am happy to learn that Mr Mozaria is aware that they NEED TO SHIP QUICKLY and therefore he thinks they will be able to do more than 1 shipment a month or do a 2nd berth
to "CATALYSE ON THE IRON ORE" prices. What is being shipped is iron ore FE58%.

2] Justin of Vox Mkts asked : Iron Ore prices soften.
Mr Mozaria gave a good answer and one that is cognisant of the fact that one has to watch the supply situ. He mentioned BRAZIL with their tailing issues and that they need to refurbish.
Also, the USA infrastructure plans will or may need iron ore so that is demand side. Mr Mozaria mentioned about Australia but I didnt catch what he said. All in all, many are cognisant that the high prices will hold but Mr Mozaria, quite rightly will not be drawn to give forecasts. This situ is something ALL analysts are aware of and hence why Justin asked. This was something that I was particularly concerned about. However, one cant ask more than a cognisant CEO who is going to expedite shipping.

2] Mr Mozaria said that Cadence is seen as "commercially successful" - Yes, that is the word that is important ie commercially and commerically AWARE is now present.

3] Scoping Study and Licences - So, that is the next stages.

4] Re-invest in the asset - that is also helpful.

5] Banks are in India-ah , so Zamin*s bankers.

6] 1.39Mt being shipped and 5.3Mt mainly 65% FE.

7] Mr Mozaria mentioned LITHIUM TWICE and towards the end re: Ganfeng but he did not give anything away but he sounded happy which is a bit unusual for him as he does often show emotion.

All in all, I am very pleased at the state of the reveal in the interview as there was NOTHING that was NOT answered that needed answering.

I discussed on this forum relating to the price but I do not think many catch on what it was about. Even in the interview, if one does NOT know the CONTEXT of demand and supply that is important relating to iron ore, one will not know what Mr Mozaria is referring to re: Brazil, Australia and USA. Australia is also a big exporter of iron ore.

Mon, 10 May 2021
That is what I heard and others can listen and check for themselves.
News.

joesnatch

I provide the courtesy of a reply since it was addressed to me:

1] As far as I am aware the KDNC 30% SONORA asset is held by "REM MEXICO LTD."
https://www.cadenceminerals.com/projects/sonora-lithium-project/
Cadence themselves explain the distinction of "SONORA LITHIUM PROJECT & DETAILS OF CADENCE OWNERSHIP" { Mexalit }& "PROJECTS OUTSIDE THE SONORA LITHIUM PROJECT."{Megalit}.

2] There has been NO information put out by BCN or KDNC as to their inclusion in the "possible" takeover deal. By this, I mean official info.

3] This was the discussion all along on this forum ie the size of the Sonora lithium project of which the Mexicans appear to be more nuanced ie as to the worth or ranking from their press.

4] One has to conclude therefore, KDNC is on their own on this until or unless informed otherwise and if GF has approached the co, then they have to issue an RNS if there is a firm offer.

5] One can come to SOME conclusion based on operational logistics & corporate structure etc.
Mr Lenigas has already tweeted about this.

6] Question now is HOW MUCH?
WHEN?
Of course, big question is: IF?

7] REM MEXICO LTD with 30% of Mexilit and Megalit appears to be a MINORITY holder.

8] Therefore, as a minority holder is there an URGENCY to buy KDNC*s share. 2 answers here:
From an a/c point of view, corporations tend to want to hold on to their money so as already discussed do they want in NOW or MUCH LATER given KDNC is considered a "MINORITY" holder.

9] As said, go to Twitter and look at Mr Lenigas*s tweet by clicking replies.

10] The wait continues and the next date is 6 June 2021 wherein GF need to make a firm offer. If that goes through, then it is another 8 mths to obtain their own govt clearance.

11] On the BCN forum, they are now cognisant they will need a white KNIGHT [takeover terminology] but no one has appear and NONE OF THE UK PRESS HAVE WRITTEN UP ANY ARTICLE eg FT etc. All quiet even in Mex ,their press and govt.

Hope that clarifies. That*s only my understanding and I leave others to comment if they so choose.

News,
Mon, 10 May 2021

------------------IVYBUSH POSTED AT 12:17, SUN 9 MAY 2021 ON KDNC---------------
It went like that:
Ivybush now thinks differently about Gan/Sonora etc.

Rationale goes like this:
Gan would take a strategy to ask REM-KDNC to earn-in knowing their finance is limited.
[Para phrased from what I understood]

VERBATIM QUOTE FROM IVYBUSH:
"THE BUY OUT COT COULD WELL BE A LOT LESS THAN HAS BEEN SUGGESTED HERE."

Observation:
LoL, Ivybush appears to be not afraid of voicing the COMMERCIAL VIEW POINT.
That is what has been seen in some of the more recent M & A*s which is very much the bean-counter*s point of view WHICH MATCHES THE BEAN-COUNTERS AT THE INVESTMENT ADVISORY services.

The answer may NOT be popular.

I pointed out that BCN told or put out info to Mex press how much is the next stage/s.
The sums are really big capital sums ie into hundreds of million and billion/s.One can read it online. If David Lenigas had taken over SONORA via REM plc then, he may have been able to raise the capex which was costed out in the SCOPING STUDY REM commissioned and paid for.
Then, it would be a matter of cash flow management until such time as allowable to get on to scaling. However, from what Mr Lenigas conveyed, I think he expressed the strategy as a sale at some point - he pointed out a particular buy-out.

The chapter is closing and with that I take my leave as my interest was always on the lithium at Sonora, which was ranked No 1 in the world.

I am here on my own and I see that whoever posts here is interested in .....

I see NO ONE HAS TAKEN ISSUE WITH IVYBUSH FOR HIS VIEW? My word, if I said something like that so straight forward, I would have the ants....

I wanted to see if anyone would post a COMMERCIAL VIEW and I am not sure if Ivybush has spoken to people but as far as I am aware, many in the financial world already know how it works and therefore the outcome is something commonly known. This is NOT the first big project and in some aspects it resembles the Potash story - again, one of big capex funding , technical aspects, sale of product etc.

Sun, 9 May 2021.

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