Member Info for observer842

Off topic! I knew I shouldn't have let you tempt me into posting as I knew I wouldn't be able to keep my mouth shut about those warrants if I did. I managed for 1 post! LoL. I hope for all long term holder's sake's it's scenario 1 that's at play, not scenario 2!

I presume it's the ****amamie around the use of the word clock, without the l.

LoL @Barksy. It's poppy**** isn't it! Purpose of what 3 words:

https://what3words.com/about-us/
===[
what3words is a really simple way to talk about location.

We have assigned each 3m square in the world a unique 3 word address that will never change.

For example ///filled.count.soap marks the exact entrance to what3words’ London headquarters.

3 word addresses are easy to say and share, and are as accurate as GPS coordinates.

51.520847, -0.19552100 ?? /// filled.count.soap

Our vision is to become a global standard for communicating location. People use what3words to find their tents at festivals, navigate to B&Bs, and to direct emergency services to the right place.
]===

@TheFoocare - I personally see news landing to fend off the current play, at which point the share price could multi-bag from here and the half billion or so warrant holders will exercise their options @0.07p. Pretty much a replay of around this time last year, but depending on the news we could be talking 1p this time, especially if the name of our partners are released, or accreditation - you know, something actually tangible which supports a rise of this magnitude! ;-)

And for balance: perhaps the MM's are already working a conversion order @0.07p? Might explain support a little higher than this? Who knows? What I do know is that buying in below 0.07p over the past year, and de-risking above it could have made someone who hadn't forgotten about the warrants a lot of money. ;-)

Ob.

LoL @Barksy. I think you are missing the game. It's to navigate to the area in question on that page, and then click around (or use the cursor keys) until you find a grid square you like the name of that is memorable for the location in question. For instance, here are a few grid squares at the location of our (DEV's) tipped over pontoon, which relate in some way.

https://what3words.com/tasters.year.ducks?maptype=satellite
https://what3words.com/pools.troubles.surging?maptype=satellite
https://what3words.com/tragedy.estate.events?maptype=satellite

https://what3words.com/lobster.supposed.rider?maptype=satellite

Thought I'd add the what 3 words link as it doesn't have a comma in!

===========
Satellite links:
Small ships in port on the 16th August:
https://apps.sentinel-hub.com/eo-browser/?zoom=18&lat=-0.06071&lng=-51.16732&time=2020-08-16&preset=1_TRUE_COLOR&datasource=Sentinel-2%20L2A

High resolution, but unknown date:
https://satellites.pro/Brazil_map#-0.061670,-51.167402,19
http://what3words.com/lobster.supposed.rider?maptype=satellite

Port links:
https://serveporto.com.br/macapa/
https://www.myshiptracking.com/ports/port-of-santana-in-br-brazil-id-6679
https://www.vesselfinder.com/ports/SANTANA-BRAZIL-3030
https://www.marinetraffic.com/en/data/?recognized_next_port_in|begins|SANTANA|recognized_next_port_in=2476
https://www.fleetmon.com/ports/santana_brsan_2955/
http://www.docasdesantana.com.br/index.php/component/content/article/13-informacoes-operacionais/programacao-de-navios/308-ano-2020

LoL @Frankie - if I shared your disposition I'd steer clear of AIM and be quite happy letting my fund manager have all the fun! Additionally, although I'm very confident of a very decent rise on further news, I'd be a fool not to take some of the investments I'd made in the 3p's off the table after a 4-5 multi-bagging, as although it seems nailed on, nothing ever is. We've borne the risk in the 3's, and I'm happy to offload some of it in the mid teens. Not a lot mind you, but some! As you are probably aware - there will be many others doing the same: it's a sensible investment strategy IMHO. I'm not suggesting you do this, just you should be aware other will be. Fortunately it is transpiring that the strength of those wanting in for the (potential) next leg up is outweighing this de-risking! Long may it continue. Oh, and the recent increase in iron ore prices has shifted my next de-risk point into the 20's, all things being equal of course - i.e. pre-news, similar iron ore prices. On news all de-risk points are cancelled, and let's see those wanting in scramble for shares! ;-)

Ob

@Frankie - we won't move it all before shipping starts for a few reasons: there is not enough space, and it costs to store at the public port. We intend to ship ~3 lots of 45kt per 2 months - so that is the rate we need to transfer to the public port - once it gets started. I can't see our port being completed before we have shipped all of the ore stored at the private port, from the public one.

@Frankie - as to your other points: it's not us, as in KDNC that is moving the ore from the private port to the public one, it's DEV. Once certain conditions have been met the plan is to transfer 99.9% ownership of DEV to the JV we currently own nothing of, and at the same time exercise our right to claim 20% of the JV, releasing our $2.5m in escrow. Page 13 of the corporate presentation:

https://www.cadenceminerals.com/wp-content/uploads/2020/08/Corporate-Presentation-KDNC-JUL-2020-PUBLIC.pdf

@Frankie. I said may, because there is clearly iron ore at the public port, but it's possible it isn't ours - though others might beg to differ. Either way, it's small in comparison to what is at the private port. Since you appeared to be questioning whether we had moved *all* of our ore from the private port to the public port I thought I could answer that aspect at least: we haven't moved it all: we may have moved a small amount.

@LoL EyeGuy - I love your optimism. Though I think I'll go with my $100-$125m as estimated earlier:

Ob@16:54
=====[
According to:

"Approval of Judicial Restructuring Plan - Amapa" (30 August 2019)
https://www.lse.co.uk/rns/KDNC/approval-of-judicial-restructuring-plan-amapa-i427sb3g1b3sys4.html
===[
An independent survey of these stockpiles indicates some 1.39 Mt (+/- 10%) of iron ore in three stockpiles with an average Fe grade of 62.12% (+/ 10%), which based a US$80 per tonne of 62% Fe would net Amapá a forecast US$60 million net of costs.
]===

which means at today's spot of $127/t, and all else being equal, the project would net:

$60m + ($127/t - $80/t) * 1.39Mt = $60m + $65m = $125m

In some presentations that $60m was reduced to $30-40m, possibly because the shipping costs were perceived to have increased, though that was questionable, so perhaps $100m is more realistic? Either way, it's a LOT towards debt repayment and CapEx!

Ob.
]=====

LoL @Barksy. I thought you were a detective ;-)

https://what3words.com/about-us/

Did you miss me? ;-) I don't know, I don't post on here for coming up to a year and return to talk of revolt!

From what I'm seeing, @John Gunn needs to properly update the market pronto or risk losing it all in a shareholder uprising.

Interesting times!

Ob.

I don't know where the "may" went: "We *may* have a small amount of the order 5% sat at the public port waiting to be shipped"

@Frankie. "Did we move our stockpile of iron ore, from our port, to the main port?". Not according to the latest satellite images. We have a small amount of the order 5% sat at the public port waiting to be shipped.

Page 8 of our corporate presentation:

https://www.cadenceminerals.com/wp-content/uploads/2020/08/Corporate-Presentation-KDNC-JUL-2020-PUBLIC.pdf

Doesn't include shipping costs.

@Barksy - Found a suitable 3 word combo? ;-)

@MLQ. I've never seen anything close to what we are talking (45kt) dock there. Have you?

@jimb. LoL. That's another one of AIM's much maligned shares that could go ballistic if the BoD pull their finger out and properly update the market to what has been, and is going on!

In addition to the gap until the 28th, looks like a gap between the 9th and 18th of September to me.