Member Info for observer842

Indeed @dallas. Best we hush up so the Tommy Tanks don't get wind! LoL. (they'll know already.)

Just having a bit of fun @Frankie. I don't know the answer.... [pause] ...I do now though. LoL.

Short answer to longer question @Frankie. We need to pay our loan back. We can either pay it back in cash, or pay it back in shares. If we pay it back in cash we likely have to sell shares to do so as we have little cash, reducing the price of the company we sell - potentially spectacularly so ala BCN. If we pay it back in shares this is less likely to happen. IMHO.

Indeed they do @Dallas. Same goes for Yangibana. A lot is riding on Amapa imo. If it comes good we might even get our percentage sold quick step for > $100m if the market conditions are right. Look to the past. THEN we can stand our ground. LoL :-)

What's the etymology of chook?

@Frankie. "What do you need to know?" Is that your short question? Nice! I'd ask how much Sonora might be worth to us if BCN/Ganfeng decided to increase, perhaps double their production rates. Starting at 25-35ktpa and ramping up to 50-70ktpa?

I agree @Ivybush. Sentiment is destroying the share price. Although this is painful to watch and on my portfolio, it's actually OK from my point of view as I'm intending to pile in on good news, and possibly before...

To clarify... I believe we may raise a little once we have reached 20% ownership. And then when news of all preconditions are met, after the subsequent share price rise we may raise a lot to enable us to reach 27% - assuming we haven't sold an asset or two.

@Ivybush. I don't believe we need to declare to the markets a change of holdings in the 15-20% range. I'm not talking about forward selling. Just transferring our shares to the loan holders. Share price will very likely be much higher than today's on news we have reached 20% ownership and even higher on news we have reached 27% ownership. And then we may raise on market, or perhaps sell an asset or two which may have blossomed by then. It might even go up on news we've got our $2.5m back. AIM is strange. Lol. From an ASX point of view the change of ownership is declared as I pointed out earlier.

@Frankie. Take a look at the latest corporate presentation:

https://www.cadenceminerals.com/wp-content/uploads/2020/02/Corporate-Presentation-KDNC-Jan2020-PPT-PUBLIC.pdf

What else is it you want to know? Short questions are more likely to receive answers.

Indeed @Dallas. My current fave theory is that we are likely repaying the loan in off book trades, perhaps at a pre-agreed price. Presumably the recipients will have to declare once they reach 3% which might happen next month if we continue down this path without news. The way I see it the die is cast: we won't be placing before Amapa news (good or bad), meaning the share price is of little consequence to the bigger picture at the moment: the lower the better for those who intend to pile in on good news. This is the time when fortunes are made - or lost. We shall see! :-)

Oh, and in addition to Amapa news EMH, Yangibana, Sonora or MMS news could land any day...

@degsie. I can only help you so much without spelling it out, and then it's me that's doing the "announcing" LoL! ;-) Forget the percentages, look at the number of shares.

https://www.europeanmet.com/capital-and-shareholders/

@degsie, do you really think it's wise to announce to the world which assets we are selling? You saw what we did to BCN's share price in respect to this? It's not hard to see what we are selling if you look. Oh go on then. EMH now likely below 16.7%.

Official version of the news @pgal posted last week:

"Approved the agreement that provides for payment of R $ 47 million for environmental damage to the municipalities of Santana, Pedra Branca do Amapari and Serra do Navio" (27 February 2020)
http://mpap.mp.br/noticias/gerais/homologado-o-acordo-que-preve-pagamento-de-r-47-milhoes-por-danos-ambientais-aos-municipios-de-santana-pedra-branca-do-amapari-e-serra-do-navio
===[
Federal judge Hilton Pires, holder of the 6th Federal Court, ratified, on February 19, the “Damage Composition Agreement” with the mining company Anglo Ferrous Brazil to repair environmental and social damage caused by the collapse of the company's port terminal , located in the municipality of Santana. The approval provides that the company will pay R $ 47 million to the municipalities of Santana, Pedra Branca do Amapari and Serra do Navio, affected by the accident.
]===

Until today I was beginning to question whether it was fake news. Clearly not! One step closer... :-)

@Ivy. Just in case you didn't spot it, the updated Amapa timetable was included in the January presentation which was uploaded only a week or so ago.

Thanks @degsie. The point I am making is that if WHI have claimed that the report was "corporate sponsored" and it wasn't, it is misleading (against KDNC's interests) and perhaps should be reissued to clarify. We discussed this beginning of October.

Thanks for the update @degsie!

@degsie:
===[
I have received reply to email re Amapa.
...
“WHI are our broker and nomad we did not pay them anything additional for the report. The work is independent”.
]===

However, on "2 Oct '19" @Mullins58 said:
===[
The Report was Corporate Sponsored.
]===

@degsie, are you able to confirm if the words "Corporate Sponsored" appear in the report? If so it implies we paid them something additional for the report, and the words should not have been included as it gives less weight to the report in the eyes of some. Perhaps an oversight?

My current understanding of the rules surrounding this is that if we did pay them something extra then the document should be allowed to be published on our website as it is deemed corporate sponsored marketing communication - if we didn't then it should be behind a pay wall.

Ob.

https://www.europeanmet.com/wp-content/uploads/2017/04/s6.jpg

Perhaps a stop loss scooped up?