Member Info for observer842

Anyone found a recording of the plan yet? This upcoming video later today looks promising!

"Marcelo Ebrard presents "Plan Sonora" to ambassadors to invest in sustainable project"
https://www.youtube.com/watch?v=ovwasqH-2c4

Getting exciting! OK, we might not get news tomorrow, but surely later this month! Though tomorrow is looking good ;-)

;-) in case anyone was wondering wtf. lol.

Indeed @Mer! It took WHI explaining EMH to the world all those years ago to rerate it. Let's see what they can do for us eh? ;_

I know!!!

Really is incredible you can buy at this price given all the news to come!

!

The Sonora plan is due to be presented today. Sonora lithium is key to its success. Will we rerate like Piedmont did when their name was spotlighted to the world by the big T a few years back? This share is so under the radar it smarts! ;-)

Lined up for some decent news flow now that the DFS is FINALLY a go!

Great summary @Fingers. On AIM it's all about timing, and it feels like 2023 will be EMH's time - finally! ;-)

It is my opinion we will be told immediately this ceases to be the case:

"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."

Furthermore if the JV's are attempted to be sold below what we believe is fair market value, i.e. what someone else will be willing to pay for them, then we have a right of first refusal to exercise on behalf of said someone:

"The First USA contains certain other provisions relating to shareholder rights, with respect to the disposition of shares including any right of first refusal as well as put and call options, and those relating to non–competition, confidentiality and termination."

I believe there's a very decent chance we'll be rewarded quite handsomely, ideally in cash and royalty. The market clearly, and I mean CLEARLY, does not believe this - the market is not always right.

Ob.

Thanks @jimb. Still happening then. Time to knock this out of the park @Kiran ;-)

So, what are the odds on an RNS today or tomorrow then? Got to be reasonably high...

Observing... ;-) Our Amapa page has been updated recently:

https://www.cadenceminerals.com/projects/amapa-iron/

Jan 2023 @Kiran...

The politics is playing out @jimb. There's other politics that is playing out today as well iirc... In fact Sonora deal could be waiting on the outcome ;-)

lol @tomcat - tell me about it! I might update my due diligence when I find time - but ideally after Sonora is clearer to save effort - probably what WHI is waiting for too! lol.

https://www.reddit.com/r/CadenceMinerals/comments/vpr5w7/due_diligence_lsekdnc_cadence_minerals_asset/

DCE just closed 3% up across the board :-))) Pull the trigger @Kiran! lol

"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.
]===

Someone taking a punt on Sonora news landing today/tomorrow/Monday - failing that "soon"! lol ;-)

Iron ore continuing to rise, shipping now falling below recent historical levels pre inflated levels the past couple of years:

Handysize graph: https://seecapitalmarkets.com/IndexDetailed?Id=374537
Supramax graph: https://seecapitalmarkets.com/IndexDetailed?Id=374536

Doesn't include further drops today of 2.5% (Handy) and 6.17% (Supra).

Shipping must be imminent unless plan B is locked and loaded, whatever that may be! ;-)