Member Info for observer842

First. LoL. You can be second @EV ;-)

@EV I will be VERY surprised if we get wind of the banks signing and us taking our 20% before it is announced. We might see movement towards that outcome, but not the actual outcome. Just my opinion of course...

Indeed @EV. I guess we've all known for some time that no amount of port or court watching will help us when it comes to the big one. It'll very likely be out of the blue from our perspective. And if you are out then, you are out... Best we can do is keep an eye on ports and courts to watch out for derailing/confirmation all is to plan IMHO.

Forget any day @EV - any second! ;-) LoL. I know it winds up the impatient, but I can't help myself.

LoL @tomcat. Well we have had, what is it now, 29? private court movements this month - got to be one of the longest stretches without public update? My fingers are well and truly crossed for completion before the 2 year anniversary!

@MLQ "Port getting busier by the month." And presumably one of the reasons we want to start shipping from the private port ASAP! ;-)

Nice to see another DEV ship docked on pier 1. Start of a busy period :-)

@Legalease: "Don’t get me wrong, I think £1.50 is a realistic short term post deal target."

I'm increasingly of the opinion that it is indeed quite possible we'll be valued north of £200m post Amapa deal, and increasingly likely post 27%, which in turn is increasingly likely to land at the same time, or shortly after 20% news according to the timelines on page 9:

https://www.cadenceminerals.com/wp-content/uploads/2021/06/Corporate-Presentation-KDNC-JUNE-2021-1-1.pdf

The 20% feels VERY close, closer than last week, and the weeks & months before! LoL. The project is demonstrably progressing forwards, not stalled or going backwards. Shipments started in March, the 27% was estimated to be in the 6 months following the start period, which practically speaking is round about now, subsequent to satisfying the preconditions which are being worked on. Exciting, albeit nail biting times!

Ob

LoL @EV. I really must remember to search the untranslated version! ;-) Definitely feels like the final 10% is drawing to a close. Very happy with yesterday's top up :-)

Rodney Hooper, yes that Rodney Hooper, believes the PFS is based on one 8 hour shift. I was quite surprised by this, and apologised profusely to @fingers who was trying to relay this information beforehand, as he is now. Lesson learnt by me...

"European Metals Holdings Limited – Europe's largest lithium hard rock resource strategically positioned to locally supply the fastest growing EV market globally with high margin lithium hydroxide." (February 2021)
https://www.europeanmet.com/wp-content/uploads/EMH-Feb-Report-2021-FD.pdf
===[
Guide the feasibility of increasing chemical production to 50KT a year (two eight hour shifts up from one currently)
]===

Wow. Never seen so much action :-))) Is this new? "Request for Pledge on the Face of the Attached Records"

Thanks @EV. I remember that one. It's available without sign up here:

https://www.edisongroup.com/wp-content/uploads/2018/10/Cadence-Minerals-Steadily-cantering-through.pdf

Someone else will have to calculate the in-ground value of our proven and probable lithium reserves in Mexico - my calculator doesn't have enough digits. LoL.

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

BCN/Ganfeng increase their production plans to make use of these reserves and $$$$$$$$ :-)))))))

I estimate $166m in-ground value associate with KDNC's proven and probable reserves in the Yangibana project.

Is this right?

NdPr Oxide prices have increased significantly and are currently sitting close to $100/kg

According to: https://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/

KDNC's proven reserves of NdPr oxide are: 30% * 0.27Mt * 0.35% = 283.5t
KDNC's probable reserves of NdPr oxide are: 30% * 1.43Mt * 0.32% = 1,372.8t

Total proven and probable reserves of NdPr oxide associated with KDNC = 1.66kt

which at $100/kg has an in-ground value of 1.66kt * $100/kg = $166m

We've also got JV resources which have yet to be upgraded to reserve status - around double again: though as is the norm only some fraction of this will be deemed economically recoverable and upgraded.

Ob.

High number of court movements on the main case this month @Barksy - 20 so far. All secret. Fingers crossed they are in the process of ratifying the big one! ;-)

Indeed @EV. 5 court updates yesterday. Feels close, imminent even! We really don't know. Until the facts change the news we are waiting for could land later today, or tomorrow, or next week, month, year, until the end of time. LoL.

Also, depending on broker it's possible, perhaps likely, that if it was a stop loss that its bottom was lower than its trigger. e.g. its trigger may have been 26p, but its bottom 24p. Meaning trigger as a sell order when 26p was reached, but only execute the sell order if more than 24p can be achieved.

LoL @Bannor. Didn't have you down as green ;-) If anyone is interested in understanding the pros and cons of using stop losses, I highly recommend researching: "Market Makers" "Stop losses". Here are a few results to get you started:

https://www.quora.com/How-does-a-market-making-algorithm-see-my-stops
https://quantitrader.com/algorithms/stop-losses/

To reiterate, I've absolutely no idea whether the 320k@25p was a stop loss being triggered, but I stand firm that it COULD have been. But unless someone claims it I guess we'll never know...

@Bannor, I'm guessing unless you see it with your own eyes you won't believe in such conspiracies. LoL. Don't blame you really... ;-)

Ob.

To clarify, my view is that if they didn't do this for large stop losses, it becomes more likely they would be unable to complete them.

I guess the point I'm getting at, and have mentioned it several times on here, if you put in a sufficiently large stop loss, then it appears to my eyes, and I should stress it is my eyes only, that the MM's use that stop loss to cover purchases higher up, and then drop the SP to complete the transaction, pocketing the difference. I'd never, never, put a stop loss on a lightly traded share. But that's just my opinion.

If you think about it, this is perfectly reasonable behaviour from their point of view, and allows them to more easily satisfy stop losses on lightly traded shares, therefore satisfying their clients desires to sell. Of course it could have just been a straight sale at 25p, quite hard to tell really, as they look the same... @Dallas?