Member Info for observer842

Indeed @EV. Out of interest where do you see the $40-$50 /tonne? This is a good link which corroborates the "This is because current shipping rates have increased dramatically", but only in terms of indices, not per tonne.

https://www.kline.co.jp/en/ir/finance/shipping.html

BHSI:Baltic Exchange Handysize Index

Mouse over the graph for the range of values. For example:

2020/12/11: $10,000 per day
2021/4/9: $17,462 per day
2021/8/20: $31,469 per day

Two more named ships for DEV on pier 2 - UT & L, but noting:

===[
At this point, DEV intends to continue to carry out these shipping activities for these third parties. This is because current shipping rates have increased dramatically (US$80-90 per tonne), which is reducing the profitability of shipping DEV's material. We believe that these rates should normalise over the medium term; therefore, the shipping of DEV's material will recommence at a later stage.
]===

This makes processing locally quite an attractive proposition!

Dispatch Conclusions still outstanding on the other one I see...

https://www.pressreader.com/similar/283420604722553

https://www.mailplus.co.uk/edition/money/city-finance/98991/bacanora-price-boost

"Acquisition of Lithium Assets in Australia" (04 March 2019)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=2717452
===[
Interestingly, a closer examination of satellite imagery along the western boundary confirms the geology is comparable, highlighting the prospect of contiguous mineralisation. Notably, this shows within the Litchfield project that there is high potential for lithium pegmatite bodies to be apparent.

While negligible exploration for lithium has been undertaken in the Litchfield project (explaining a dearth of drilling & geochemical results), the exploration upside is significant given Core Lithium has produced some of the best intercepts in Australia.
]===

Sounds right up your street @MLQ! ;-)

Just thought I'd point this out:

https://www.cadenceminerals.com/rns/
===[
02-09-2020 Cadence Minerals PLC - Agreement in Principle to Bank Creditor Settlement
28-08-2020 Cadence Minerals PLC - Interim Results
]===

Could our next RNS be the big one? That's my technical analysis done for the day. LoL.

"The final settlement agreement is in near-final form, and the secured bank creditors have either had credit committee approval or are awaiting it." Is this the first use of "near-final"?

LoL @EV. I was about to point that out as well as saying this is a better link (IMHO!) as it includes the "here" links:

http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428214199398325

@EV. Nice summary. I've checked your lists and your reasoning is sound, though of course we can't know for sure until more evidence presents itself. :-)

Details of KDNC ownership can be found here:

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

Of the total 4,515kt LCE of reserves KDNC have 839kt attributable to them, with, by my reckoning, 1,838kt attributable to BCN and 1,838kt attributable to Ganfeng.

@bigdouble. Ken Colon is one of DEV's. Whether it is shipping DEV's, Gerald's, or someone else's ore is unknown:

http://www.docasdesantana.com.br/index.php/operacional/programacao-de-navios

Ken is close to docking and has appeared here: http://www.docasdesantana.com.br/index.php/operacional/programacao-de-navios

===[
Ganfeng's ownership is also expected to simplify the overseas direct investment approval requirements for Ganfeng to commit further funding, potentially shortening the time required to realise full production
]===

Brings production of our JV's closer/makes their sale more likely IMHO.

===[
· the terms of the Offer compare favourably to the assessments of the Bacanora Independent Directors of: (i) relevant, comparable transactions in the sector; (ii) the risk-adjusted value of the Sonora Lithium Project discounted to the present day, noting that, whilst historic project valuations have presented the Sonora Lithium Project on a 100 per cent. stand-alone basis, current post tax economic valuations must take into account costs associated with debt funding, the fact that Bacanora owns only 50 per cent. of the operational holding company Sonora Lithium Ltd and, in addition, that 5 out of 7 of the Sonora Lithium Project leases are held in 70/30 joint venture with Cadence Minerals plc; and, (iii) the Company's global listed peer group;
]===

:-)))

Yes

Good spot @MLQ!

Indeed, fantastic prospects @EV! To my eyes the more the project progresses without us taking our 20% means the greater de-risking and the greater the re-rate when we finally take it. Feels like a no-brainer to keep adding here at the moment. IMHO. DYOR.

Indeed they'd have to be very careful to disclose before buyback started and the details of it. I'm guessing you weren't around these parts when they did have the authorisation last, but never used it. We discussed the various options to death at the time, as you can no doubt imagine! LoL. ;-)

@EV. I think you misunderstand what I was suggesting. Ideally they'd buy say 5-10% of the company at 23p on the open market into treasury and then sell those shares back onto the market or to another party, for multiples of this post 20/27% news, perhaps to (part) raise the funds necessary to take us to 49%. Anyways it's moot, they don't have the authorisation, and besides, if they did start buying at 23p with the volume as it is, it would likely push up the share price, which would be annoying for some. LoL.