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Don't think you are attributing sufficient value to sentiment there @Bannor, but each to their own! ;-)

If your new here, it's worth taking a read of this, which concludes with:

https://www.reddit.com/r/CadenceMinerals/comments/q56bac/comment/hlt8945/
===[
Anglo bought Amapa with the intention of doing it up and selling it on as part of a package of assets. This proved harder than expected, with almost $500m of additional CapEx going into the project to scale up the operation towards 6Mtpa. At a time of unfavourable exchange rates and low iron ore prices they impaired the project significantly from earlier valuations of $3.2B to $1.2B to $660m and due to a major geological event ended up selling for between $134m and $264m, which with outstanding debt of order $233m likely valued the project around $500m - which isn't far off the $660m for sale valuation once port repair estimates of $135m are included.
]===

@Bannor. I'm talking about if we were to receive the 8% of EMH at whatever sale price (hopefully >£1) in CASH... That would have a monumental multiplier effect here in my view!

That was then @tomcat, I reckon we could be looking at more like $50m now for the 22%, meaning our 27% is worth...?

Indeed @tomcat. Pretty sure whatever it's defined as, it'll mean our 27% is valued significantly more than the market realises...

I presume you've seen the updated presentation...

Indeed @jimb. In my view those buying now are soaking up the sells from those who perhaps don't realise they are selling significantly below our likely net asset value. That's AIM for you. drip, drip, drip. BAM! I can't say I particularly like this "feature" of AIM, though I have no qualms recognising it and playing it to my advantage.

@Bannor - for me, EMH coming good might simply be an offer for the lot or just our 8%, ideally at all time highs, but failing that maybe 80p, or a pound or so. The returns from that could come in very useful. lol ;-)

I'm sure you remember the drip to 3p several years ago when me and thee had a buy conviction whilst those around us sold, and then bam news and 3x followed by a 10x long climb. Just saying,.. The right news (Sonora, EMH, or Amapa) and history may very well repeat it's from here, 30p being the obvious initial rise if sufficiently warranted, then that long awaited climb to £1 and beyond.

Indeed @EV. H2 tomorrow... ;-)

lol @nookie. Picked myself up some more due to an unexpected profit elsewhere. Now I really have paused! ;-)

Absolutely @dallas. We need to get the word out. And when it does, and it starts to sink in the true value of Amapa to us... How many realise the $660m is not an NPV for instance - even on here?

Indeed @EV. Completely under the radar from all but the most devout of researchers! lol. Might only be a handful of holders here that get it, the usual posters - what we need is the word getting out!

Indeed @EV. Sunken in alright! ;-)

Another type of activity which would wake up the market IMHO is a KDNC is in conversation with xxx, in relation to yyy announcement. We don't see enough of those Kiran! Yet it's surely happening...

Agreed @Dallas. Whilst I'm able to continue to add I'll be perfectly happy waiting for dividend flow from DEV into the JV, and hopefully back to KDNC, at which point the market will wake up if the SP doesn't reflect the reality of the situation at the time. No question about that! Though I think in practice once value in Amapa and Sonora is solidified we'll see rerates here, and hopefully soon! I'll be happier with that than waiting for the divi whilst increasing my holding! For sure. Whatever happens, it's up to us, the market. And I'm a large part of that ;-)

And I guess this is partially the point, I think that many are expecting an NPV of circa $660m, whereas the reality IMHO is that it's going to be 2 to 3 times this. Maybe @Kiran will shed some light on how they might value the 22% tomorrow? If it's based on the NPV, what's a fair discount at this stage?

lol - what comes after B, T?, or after that P? That would have bust it! lol. On a more realistic note, something like $50m for the 22%, which unless we get a good deal from Sonora, or some fantastic financing deal we probably can't afford, which someone else would take up, would value our 27% at circa $60m. So either we want it so high we can't afford, but concretes value to our 27%, or we want it low, which we might be able to afford with a good financing deal, but values our total 49% not so great. Think I prefer the former! ;-)

oh, I got my maths wrong, but you see what I mean - and it is of course assuming someone else stumps up the $1B! ;-)

Not that I can see!

lol @Dallas. Here are the extremes. It either costs a dollar and we can afford it, but values our total 49% at 2 dollars, or it costs $1B, in which case we can't afford it, but values our 27% at ~$600B. Which do you want!? ;-)