Member Info for observer842

LoL @news. Of course I'm not going to take you to court! The point is, I caveat what I say, sometimes quite heavily, when I am unsure. You've probably seen my if's and maybe's and could's and should's. But when I know something is not the case, I call it out. If I thought you were deliberately trying to mislead then it may be another matter. But I don't.

@news. It is perfectly OK to say something is false if you are 100% certain it is. What you are saying is false. DEV can ship per the official RNS.

The reason we aren't discussing this possibility now is because we discussed it back in January. Reply to this thread to take a read back at your leisure ;-)

LoL @news. How about instead of reading everything quickly, you read it carefully... I said: "LoL @news. I suggest you look at the number of recs for the post containing @tradecraft's spreadsheet based on the scenario in question on 22 Jan '21. It stands at 25 at the moment"

Evidence in my post Today 08:43

@EyeGuy. Just to be clear. Only the first $10m net can ship without final agreement with the banks. The HOPE is that final agreement is reached before or around the time of first shipment, and by the last one, so that shipping can continue after $10m net has been realised.

On the topic of reputations. I personally don't post to be seen to be right, I'm posting to share what I know and hope that others tell me how I could improve this, or even tell me it is wrong if it is. Bluntly or with kid gloves, either is fine, for I have then learnt something new that day. This is what it's about for me. I have zero interest in "a reputation".

Apologies! I meant to post the evidence...

"Update on the Amapa Iron Ore Project" (19 February 2021)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428214259683253
===[
DEV Mineração S.A's ("DEV") can now commence operations to ship sufficient iron ore to realise a US$10 million profit from the Amapa stockpiles situated at its port (after the deductions of all logistical, regulatory, shipping and sale costs). We look forward to updating shareholders when operations recommence at the port
]===

@news:
===[
---NO FINAL SETTLEMENT BETWEEN THE CREDITOR BANKS YET, SO NO AMAPA 20% KDNC****
No final settlement SIGNED = NO SHIPPING can be done.
]===

As @EyeGuy has already pointed out, this is simply not true. Please stop being so adversarial. We can disagree yet still debate civilly. I've challenged @EyeGuy previously - we are still cordial to each other.

@news: "When iron ore prices are HIGH, it could be due to demand OR consequently at the same time, COSTS have risen due to Covid, shipping containers in tight supply, oil prices going up. To get a REAL-TIME PIC, one would have to follow and look at what a CEO of another iron ore listed co say [mid-tier or multi-billion co] FOR FORWARD GUIDANCE. Forward guidance is merely telling we think the iron ore prices will hold for the next financial year and therefore we believe that our revenues would be in line with our forecasts etc."

Excellent insight. Happy to explore this further - I've been following the BDI (Baltic Dry Index).

@news: "£5 to £10 per share at full Amapa production?" It's a question mark. We are discussing the possibility... This is exactly what these boards are for: to share research, discuss the merits. Challenge where appropriate. Seriously, take a chill pill. LoL.

Indeed @EyeGuy. I've got a DCV NPV calculation, which is fairly similar to @tradecrafts's, but also takes into account debt repayments. In fact I shared part of it a while back on the other board. The EBITDA EV approach is much simpler to share and for others to understand, so I've been using that of late to highlight the prospects of the project! I suspect the scoping study is going to shock some as it is likely to use circa 62% Fe $110/t as the base, which would correspond with say 65% Fe $130/t per below:

"Updated Mineral Resource Estimate for the Amapa Iron Ore Project" (02 November 2020)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428202001057764
===[
The Mineral Resource Statement generated by BGS has been restricted to the Indicated and Inferred Friable Haematite, Friable Itabirite and Friable Altered Itabirite material falling within an optimised pit shell and using a metal price of 130 USD/tonne for a 65% Fe concentrate
]===

IMHO the market is either: blind, heavily discounting we'll complete the deal, think the deal will be bad for us, or just afraid of a high share price. LoL to the latter! ;-)

Ob.

LoL @news. I suggest you look at the number of recs for the post containing @tradecraft's spreadsheet based on the scenario in question on 22 Jan '21. It stands at 25 at the moment:

https://drive.google.com/file/d/1EGN1PjTDBPvsdo3CkA9ZZRaSmENcVy6a/view

Doesn't get much higher than that for KDNC! ;-)

@news "I am pleased to report that the" spreadsheet/s" that did the £5-£10 share price for KDNC Amapa iron ore project when [if] in full production at 49% share [if, given KDNC own 0% in Amapa currently and no shipping announced yet] have been UNIVERSALLY REJECTED by the main KDNC forum."

to quote EyeGuy "The above statement you made is false". Please don't take this post to heart! It's meant in jest! :-)
Atb.

@Fingers. Up as predicted :-)

"FASTMARKETS MB LITHIUM HYDROXIDE MONOHYDRATE: MIN 56.5% LIOH2O BATTERY GRADE, SPOT PRICES CIF CHINA, JAPAN & KOREA, $/KG)"
https://www.lme.com/en-GB/Metals/Minor-metals/Lithium-prices
===[
(MIDPOINT)

DATE PRICE (US$ PER KILOGRAM)
04 March 2021 10.50
25 February 2021 10.00
18 February 2021 9.50
11 February 2021 9.00
]===

There were a few of them yesterday @tomcat. Could be tying up loose ends...

I think it was posted earlier in the week, but what's impressive today is the number of views!

"European Metals (EMH) - European Battery Lithium Eco-system Opening up" (5,446 views 3 Mar 2021)
https://www.youtube.com/watch?v=rvFM9nWPZWI
===[
0:00? - Introduction
2:10? - Company Overview
2:35? - European Ecosystem: Means for Incentivising & Rewarding EU Producers
9:21? - Agreement with EIT InnoEnergy
13:57? - The Cinovec Project: Partners, Contracts, Progress
18:39? - Inserting Themselves into the Supply Chain: Process, Products, & Positioning
23:27? - Team Experience & Their Focus
25:13? - The Tin Market & Potential Plans for This Bi-Product
27:59? - Company Financials: Reasons for Recent Raise of $7.1M
29:21? - Expectations of European Metals: Stages, Moments, & Offtake Partners
33:05? - ESG Component: How do They Compare to Spodumene Hard-Rock Projects?
]===

Thanks @Cause and @EV_Bull (and @tomcat!)

Could be @tomcat! But could be completely something else. LoL. @EV_Bull? Whatever it is, it feels like we are close :-) Around a month until first shipment. Will we have our 20% before then? Perhaps! Perhaps not! ;-)

LoL @Bannor! Once it starts to flow it's hard to keep all those zeros in! ;-)

@news. You are seriously misunderstanding me. I am saying that you ARE a credible person. The use of the word challenge in this context means "to question". Please keep it civil. And stay calm. We are in this boat together :-)))