Member Info for observer842

Oh I do like a good countdown on AIM. We've had a good handful for Sonora alone on this share over the past 6 months! lol. Will this be the final one, the culmination of the Sonora Plan? Or more waiting? I see our Sonora page has been updated to make it much clearer what is what, and where we stand, in preparation for...? ;-)

https://www.cadenceminerals.com/projects/sonora-lithium-project/

Cheers @EV. Worth listening to the build up to that quote, what triggered him to say it, what might be next for Tesla, and when we might find out ;-)

https://www.youtube.com/watch?v=oaUiZwEYhUI&t=1018s

@tomcat: "how much lce do they need again… to run 100% of the world off renewable energy 100% of the time… to the nearest mt should do…"

Call it about 200Mt LCE by my reckoning, based on "In a recent Ted talk that took place at the Tesla Gigafactory Texas, Elon stated that the world would need 300 TWh of battery capacity to be fully sustainable."

Keep the good news coming! :-)))

Bated breath! lol.

"As an adjective, baited means 'loaded with bait to lure an animal'. It is also the past tense of the verb 'bait', which can mean either 'use a lure' or 'taunt'. Bated means 'in an anxious or excited way'. In modern English, this word only commonly appears in the phrase bated breath."

Indeed @jimb. It amazes me that the market can't see the potential for a very healthy pay day here. I'm nicely loaded and waiting with baited breath! :-)))

Excellent reassurance @degsie!

wait for it... ;-)

@roger - I really don't give two hoots if the Megalit concessions are taken away. It's the Mexilit concessions where we have nearly 1.5Mt of LCE resource in that matters and these "remain safe". Heck, I'm even happy for LitioMx to be "given" half of that for "free" in return for some decent tax incentives :-)))

That means we have nearly 1.5Mt of LCE JORC defined resources associated with KDNC that "remain safe". That's more than the total for many projects! :-)))

https://www.cadenceminerals.com/projects/sonora-lithium-project/

Indeed @EV - playing out as expected. Wait for it... ;-)

Is it Monday yet?

That NOT isn't my emphasis by the way...

"Kiran Morzaria of Cadence Minerals, 2022 in Review" ((9th Jan 2023)
https://youtu.be/2K8UFKVJgNE?t=1883
===[
And on Sonora? It's really what we've discussed and what's happening there. There's all of this rumour flying around, and I think my best answer I can give there is obviously Ganfeng are in continued discussion with the Mexican government, and our view is that the licences are valid, and let's see when that progresses, and once it does, we'll make the market aware.
]===

"Interim Results for the six months ended 30 June 2022" (28 September 2022)
https://www.cadenceminerals.com/wp-content/uploads/2022/09/Cadence-Interims-2022-FINAL.pdf
===[
We are constantly examining possible legislative changes, and Gangfeng is ensuring that the mineral concessions remain legitimate. It is our current view that the Decree passed by the senate only impacts licenses, concessions, or contracts to be granted, NOT already those already granted, as is the case for the Sonora Lithium Project. Therefore, at this point, we do not believe there is a material impact on our joint venture areas.
]===

It can't only be me feeling the excitement! lol. And no leaks this time that I can see! ;-)

Indeed @tomcat - though I think the time for speculation is pretty much over now - we should find out something by Monday if it goes to planned! Maybe not everything, but something. ;-)

It's mind-boggling that after OVER 10 years of being invested in Sonora, the market doesn't seem to care or know that we stand on the cusp of something potentially VERY special for KDNC. Going to be a long weekend!

@Zoom, I reckon the Rock Stock team are in the dark on this going by their recent demeanour and bafflement over where Tesla will be getting their vast quantities of lithium from. Also, the factor is actually 6.06 out if Tesla are taking hydroxide not carbonate, and especially so as this is what the $80/kg highs relate to it - carbonate highs were of order $60/kg

Nice video @Zoom! Though he's out by a factor of 5.3 in our favour in his $800m costs for 2m cars with 5kg of lithium each at $80/kg, as the estimated 5kg in each car is 5kg of pure Lithium, which is 27kg of LCE (probably higher as the 5kg is likely rounded down), and the $80/kg relates to recent LCE highs not Lithium highs. Tesla stands to save of order $4B a year not $800m if it controlled the lithium supply/prices. :-)

I don't know about "have", but it sure feels like we stand to gain handsomely if events play out in our favour on various fronts. WHI's 71p fair valuation should easily be attainable if we succeed on all fronts over the coming months, and into the pounds in time. WHI's previously valuations didn't come to pass because events didn't play out in our favour. So I'll say again with emphasis - IF events play out in our favour 71p is attainable - heck just one of them coming good over the next week might trigger a re-rate to that and beyond. :-))) And for balance, I'll say if they don't play out in our favour, in fact terribly so, then 0p is also possible though it would have to be pretty terrible to take less than a week to achieve this! lol.