Member Info for observer842

You don't need to join to view the content. Just select desktop mode if viewing on your mobile and it insists on trying to download the app... As to what is posted where? Horses for courses ain't it? ;-)

Futures increasing to over $33/kg out to Oct 22:

https://www.cmegroup.com/markets/metals/battery-metals/lithium-hydroxide-cif-cjk-fastmarkets.quotes.html

It's looking pretty incredible @Fingers!

https://www.lme.com/Metals/EV/Lithium-prices
===[
Lithium hydroxide weekly price
Fastmarkets MB lithium hydroxide monohydrate: min 56.5% LiOH2O battery grade, spot prices CIF China, Japan and Korea, $/KG.

Date Price (US$ per kilogram)
05 November 2021 29.00
29 October 2021 27.00
22 October 2021 26.00
15 October 2021 22.50
]===

Futures increasing to over $33/kg out to Oct 22:

https://www.cmegroup.com/markets/metals/battery-metals/lithium-hydroxide-cif-cjk-fastmarkets.quotes.html

Right time, right place? :-)))

Talking of PR, this was tweeted yesterday:

https://*************************/status/1456262463939223563
===[
Amapa iron ore mine - https://bit.ly/3D08m29 - #KDNC
@CadenceMinerals
]===

Indeed @Otago, I think it's closer than the market realises, and why I've been adding this week. Freight rates have also been coming off the boil ;-)

Absolutely @Bannor. It's completely possible that an RNS proclaiming the banks have signed the deal could land today - it's well and truly imminent now. Doesn't mean we'll take our 20% straight away though, as there are preconditions and procedures to follow through the courts and company ownership.

Which are likely related to the prerequisite of PBA owning 99.9% of DEV before we take our 20% of PBA. IMHO

Also, the 60 days is likely to be from the date the creditors agreed given the context in which it was said, but again, IMHO...

Not sure I knew this @MLQ! "As part of the Port Change of Control, ANTAQ has agreed to cease the recommended abrogation of the port concession."

For those new looking in, the weekly update has many additional links related to Amapa and PFS possibilities added this week. Take a look (most of the words below are links!)

"Weekly Discussion Thread; Upcoming News; ICYMI [November 01, 2021]"
https://www.reddit.com/r/CadenceMinerals/comments/qk4yez/weekly_discussion_thread_upcoming_news_icymi/
===[
Expected signing of contracts within 60 days of bank credit committee approval enabling KDNC to take 20% ownership of project with impaired valuation of $660m, unimpaired $1.2B, that Anglo American acquired its 70% stake for $1.9B in 2008

PFS Announcements including possibilities such as: 11Mtpa, 105kt New Panamax, additional 800Mt resource, local steel plant and Green Opportunities such as lower cost renewable energy & higher grade 67% Fe ore
]===

Another box ticked allowing us to go to 27%, perhaps straight to 27% even? ;-)

Thanks for sharing that @jimb2 - very interesting pitch for green hydrogen, and quite relevant to us from an iron ore perspective. I bit ironic that we also favour batteries over hydrogen for energy storage due to our lithium investments!

@Zoom, coincidentally the weekly post which goes out tomorrow has the following timestamped links highlighting the potential green credentials of the Amapa project, which certainly shouldn't be overlooked IMHO:

"Amapa Transformation - Cadence Minerals #KDNC CEO Kiran Morzaria talks to Alan Green from Amapa" (11 Oct 2021)
https://youtu.be/wGS8xIZCqhM?t=652

"Cadence Minerals #KDNC - Alan Green talks to CEO Kiran Morzaria" (22 Sept 2021)
https://youtu.be/KMXHY5nn-sU?t=983

" Positive Operational Progress at the Amapa Iron Ore Project" (29 July 2021)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428213863568153
===[
In addition to the engineering and conditioning study, IDG will review the power supply options for the mine and plant, particularly the possibility of connecting to the grid network, enabling the mine and the plant to be predominantly powered by lower-cost renewable energy.
]===

Indeed, indeed @Bannor, indeed. ;-)

Non paywall version: https://www.mining.com/web/evs-have-lithium-booming-and-this-time-there-is-no-bust-in-sight/

Indeed @EV. Pretty much confirms what the EGM is for doesn't it? Or does it need spelling out ;-)

Well it's certainly possibly @jimb, but there are many steps towards us taking 20%, some we get to hear about others not so much...

lol @jimb2. Still a few more boxes to tick yet! Though this is obviously quite significant. ;-)

This is fantastic news @EV. Thanks for sharing! Feels like a box ticking exercise now. ;-)

Google translates as:

===[
(ii) the removal of the current administrators and the subsequent election of new administrators; and (iii) the amendment to the Company's articles of incorporation to change the form of representation of the Company.
]===

DeepL

===[
(ii) the removal of the current managers and the subsequent election of new managers; and (iii) the amendment of the Company's bylaws to modify the form of representation of the Company.
]===

Good find @EV! @Gavnav. Not all preconditions before we release our $2.5m from escrow and take our 20% of PBA can happen simultaneously - the banks need to have signed AND PBA must own 99.9% of DEV. I had it in mind that the banks would sign first, but thinking about it, perhaps the latter is a precondition of the former? The banks wouldn't want to sign their claim away to any old company... ;-)

Today's satellite image of the private port definitely shows a change @MLQ!

https://apps.sentinel-hub.com/eo-browser/?zoom=18&lat=-0.05656&lng=-51.18326&time=2021-10-25&preset=1_TRUE_COLOR&datasource=Sentinel-2%20L2A

Has it been righted?

Ob.