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DCE consolidated Friday's gains and closed 3-4% up off the previous settle.

Nice @degsie! Anyone know the catalyst?

LoL. jimb, I was going to comment on that "Aim is lame" quote when I had finished watching this video you shared earlier, but by the time I had you'd replaced it by another. ;-)

Yes - thanks @MLQ (again!)

Not sure how you conclude "to ZIP"? Pretty sure I put money in here on the back of a court case ruling about being able to ship ore before it was announced more widely in an RNS :-)

LoL. Different interpretations of what @Kiran says makes me think: https://www.youtube.com/watch?v=plZRe1kPWZw

Good conspiratorial analysis @Bannor ;-) I just had another listen, and it's clear to me he is talking about the two extremes for the banks ("the other side"). So I won't be concluding as @tomcat appears to have that: "he didn’t mention a demotion of the banks guaranteed credit status… so that option looks like it’s a definite none starter" - the absence of mentioning something doesn't mean it doesn't exist... And there is perhaps evidence in the courts we are pursuing this option. Additionally, to mention the middle ground of court action to demote to the banks to unsecured creditors would have weakened the argument he was trying to make, about them having limited options.

Yes saw the link @jimb. Thanks. Lithium up again! :-)

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

Date Price (US$ per kilogram)
23 September 2021 21.50
16 September 2021 20.50
09 September 2021 19.25
02 September 2021 17.75
]===

DCE evening session another 2-3% up.

Indeed - Lithium continues to rise as seen here: http://www.asianmetal.com/LithiumPrice/Lithium.html

DCE just closed 2-3% up across the board. :-)

LoL. Maybe we get to add? ;-)

Starting to rise...

http://www.custeel.com/en/csi.jsp
===[
Date Seaborne index 58% Fe fines Seaborne index 62% Fe fines Seaborne index 65% Fe concentrates premium Seaborne index 65% Fe fines Seaborne index 65% Fe pellets premium
2021-09-23 79.50 108.60 19.00 134.60 57.50
2021-09-22 78.30 107.30 19.00 133.30 53.00
2021-09-18 75.30 100.30 19.00 127.30 53.00
]===

Now about those shipping rates! ;-)

Ob.

That's the PFS/DFS timelines for the projects @Bannor. However, we've recently seen Yangibana apparently planning to mine our JV's from year 1, and Sonora starting at 20ktpa in the offer document, and no doubt expansion well beyond the DFS 35ktpa. Let's just say what we have may be "acquired" sooner, rather than later ;-)

LoL @Bannor. @Kiran was pointing out what we already know: the worst case scenario for us is that the banks fail to sign (and the courts fail to demote them to unsecured status), we walk away with our $2.5m. We've always known that right? Don't tell me some on here didn't! LoL Just LoL. For the banks that scenario is even worse, and he's very confident that isn't going to happen. As am I. :-)))

I'll repeat what I said last night...

Really good interview. Turns out he did have plenty to say after all, and we learnt a few new things - but wisely (IMHO) he didn't put a figure on the value of the JV's to us: sword of Damocles! ;-)

"Cadence Minerals #KDNC - Alan Green talks to CEO Kiran Morzaria" (22 Sept 2021)
https://www.youtube.com/watch?v=KMXHY5nn-sU

I'm seeing more movement...

LoL @Dallas. Fortunately from a negotiation perspective, the higher the lithium price the more valuable the clay ;-)

@Legalease. I didn't spot the trades in this thread. Where did you see them?

LoL @Bannor. "I find myself asking who has enough shares for these big sells without notifications" You don't really think it's just one person selling do you? Really?

@degsie & @Mer. I understand your frustrations around our joint venture valuations, but it's tricky to value them. Sure, @Kiran could value them based on sunken costs, or NPV based on existing mining plans. But I suspect there is a risk in stating these values if it came to sale/negotiations, and would reaffirm to the market our low CapEx - for surely our BoD believe their value, as many here do, will prove to be significantly higher than this in time - and why we continue to hold on to them - even preventing a re-domicile for one. They've indicated this in the past, but to place a concrete value on it? What do you expect them to say?: IF BCN do this, and IF HAS do that, then they'll be worth $$$... No, that won't sit well coming from us. Instead I'm hopeful that once Amapa closes WHI will issue a report, where THEY can do a risked analysis of everything resulting in a pounds and pence valuation, where they are well within their rights to take into account expansion plan likelihoods from Sonora and Yangibana, as they did for Cinovec. All in my humble opinion. But perhaps I'm wrong, perhaps @Kiran could produce something akin to my estimates of the Sonora JV's under various expansion plans in an RNS. I doubt it though.