Member Info for observer842

Yesterday I added. Anything below the BoD's options price of 29p is a steal IMHO - assuming the deal completes in our favour! Which it certainly feels like it is heading that way... :-)

When it shows up on schedules?

The crunch is coming :-))) Our Sonora 30% JVs (35% BCN, 35% Ganfeng) could be worth 100's of millions if we play this right. How long until the wider market recognises what we have and its value? Perhaps Amapa news will do the trick in focusing attention in our direction? ;-)

Decent watch.

"Battery raw materials update with Rodney Hooper" (27 Jun 2021)
https://www.youtube.com/watch?v=JrD3nubKr94&t=768s
===[
Right now, in my opinion, we are already in crunch time in terms of battery materials, so [...] you need to know which emperor has no clothes, who has got the contracts and who doesn't, because availability now is going to be extremely tight.
]===

I hope @Kiran is keeping up with these global developments! @Barksy? ;-)

Ob

They be rising :-))))

"LITHIUM AT THE LME"
https://www.lme.com/Metals/Minor-metals/Lithium-prices
===[
FASTMARKETS MB LITHIUM HYDROXIDE MONOHYDRATE: MIN 56.5% LIOH2O BATTERY GRADE, SPOT PRICES CIF CHINA, JAPAN & KOREA, $/KG)
(MIDPOINT)

DATE PRICE (US$ PER KILOGRAM)
24 June 2021 15.25
17 June 2021 15.00
10 June 2021 13.75
03 June 2021 13.75
]===

They be rising :-))))

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
2021-06-28 159.50 218.70 28.00 255.20 68.50
2021-06-25 158.70 217.90 28.00 251.50 68.50
2021-06-24 155.70 213.60 27.50 250.00 68.50
2021-06-23 157.20 215.20 27.50 252.00 69.00
2021-06-22 153.70 211.40 27.50 249.50 69.00
2021-06-21 150.70 203.90 27.50 238.50 69.00
]===

Surely not the 99.9%?

Well I've looked everywhere I can think of. Is it related to the $2.5m?

@EV got a clue for the other thing?

The big question IMHO is will we have an update before the annual accounts are published?

Nice @EV. I found a deadline for today here: 2199480-27.2020.8.26.0000

LoL. It's still not a done deal IMHO... but feels close.

LoL @MLQ. I don't know about others, but I'm happy to add (and have continued to add) below the recently issued options price to our BoD of 29p. As I've said, the signs are there for the deal closing soon, or at least they expect/hope or are planning for the deal to close soon. Not least 6 berths booked between now and mid August... :-)

Nice spot.

https://www.lme.com/Metals/Minor-metals/Lithium-prices
===[
FASTMARKETS MB LITHIUM HYDROXIDE MONOHYDRATE: MIN 56.5% LIOH2O BATTERY GRADE, SPOT PRICES CIF CHINA, JAPAN & KOREA, $/KG)
(MIDPOINT)

DATE PRICE (US$ PER KILOGRAM)
17 June 2021 15.00
10 June 2021 13.75
03 June 2021 13.75
27 May 2021 13.25
]===

Figure 5 shows NPV sensitivity to lithium price over their "Long-term LiOH price set at $12,500/t"

"Lithium development on track in the heart of Europe" (09 February 2021)
https://www.europeanmet.com/wp-content/uploads/2021/02/20210212-FN-EMH-090221.pdf

A 20% rise from $12.5/kg to $15/kg LiOH looks like it raises the NPV8 by around 40% to $1.4B to me. And if there is an expansion as considered in that report... :-)))

Ob.

£20m? Perhaps for the small part in the current 19 year 17.5/35ktpa mining plan, but not for the lot. The tide continues to turn in our favour. ;-)

https://www.lme.com/Metals/Minor-metals/Lithium-prices
===[
FASTMARKETS MB LITHIUM HYDROXIDE MONOHYDRATE: MIN 56.5% LIOH2O BATTERY GRADE, SPOT PRICES CIF CHINA, JAPAN & KOREA, $/KG)
(MIDPOINT)

DATE PRICE (US$ PER KILOGRAM)
17 June 2021 15.00
10 June 2021 13.75
03 June 2021 13.75
27 May 2021 13.25
]===

"Conclusions for Decision"....

You are correct! On the 11th.

Interesting court movements today... Not seen this before. "Request for Pledge on the Face of the Attached Records"

LoL @EV. As I said the other day, looks to me that they are planning for the deal to complete by the end of this month. But just as it didn't pan out for the last date they appeared to be aiming for (and the one before that!), there is no guarantee it will close this time round either with everything vanishing or getting pushed back. Having said that: :-)))))) ;-) LoL.

Thanks for your kind words @Cause! Let's hope it all comes good in the next few weeks, for the benefit of pretty much all parties involved!

@EV Savings through synergy is always good! However, I thought the drafts were showing they arrived empty? @MLQ? @tomcat? The turnaround times certainly implied it! And photos too. Might be worth investigating if this was done previously from the private port? Though I don't remember reading any evidence of this. And perhaps in practice it slows down the operation too much having to unload as well as load? Though I'm sure if they designed this in from the start they could cater for it in an efficient manner, including the transport to other parts of Brazil by rail.