Member Info for tomcat-14

yes… but how much of the £22.15m net assets of the group at the end of the period is attributed to sonora…

daz… where did you get the cinovec £6m and sonora £3m values from…

it was moored up empty in the middle of the river every time i looked…

how did they load it up… it never docked… and is now full…

+£4.2m for yangibana sale…
+£1.01min (£2.92max) for litchfield sale…
£22.15m + £5.21m = £27.36m min…

the net assets of the group at the end of the period were £22.15m (2020: £22.09m)… this increase of approximately £0.06m reflects the losses and shares issued in the year…

was he not describing the timeline on page 10 of the presentation… production by end 2023…

can’t wait to see that happening…

if you’re valuing $50m for 22% (100% $227m)…
our 27% we have now would be…
$227m x 27% = $61.3m…
mcap is currently £18m…
i can’t see that myself…
i’d like to hope the $24m for 22% is still about right… in line with the jrp… for the maintenance and repair… less excess income (if any now) from the stockpiles… over and above what had been included in the jrp originally… the significant costs to take it to $50m i would expect will be pushed forward into the reconstruction and recommissioning… funded from the project financing…

$109m x 49% = $53.41m… ;)
not rocket science… simple accounting…

yep… it went something like…
dipa $2.5m for 20% (100% $12.5m)…
dipb(1) $3.5m for 7% (100% $50m)…
dipb(2) $24m for 22% (100% $109m)…
input/book value that is…

spot the difference… a couple of ticks added on page 17… next on the todo list… ‘define value of remaining 22% first right of refusal’…
input value… $xxm… (was $24m in the jrp)…
output value… $xxxm…

is it still on time on budget?… the pfs that is…

yes… equity to pba up to 49%… but not necessarily a kdnc equity raise… tbh… it doesn’t look like it would all need to be provided in one single step up to 49%… it could be of course… but clear that we’ll be filling this gap created by the bank settlement and delayed shipments of the stockpiles… to allow pba to continue financing dev along the maintenance and repair programme… and to complete the feasibility studies…

didn’t we report in earlier presentations that we would be seeking debt funding for this possible next financing stage… could be why we are realising value of our other assets… with the recent deals with hastings and evergreen… for collateral to secure the loans…

looks pretty clear to me from yesterday’s investor presentation… that we will be going to 49% ownership of amapa… in the next 6-months or so…
kdnc @ 49% amapa : £3.36/share : npv8 £580m…
kdnc @ 27% amapa : 11p/share : mcap ~£20m…

when was this april presentation released to us pleibs…

was this the last mre (mineral resource ’estimate’) that we had… http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428202001057764 …

pre tax npv8 : $1.25b… npv0 : $3.4b…
post tax npv8 : $802m… npv0 : $2.37b…

page 10… we are entering the anticipated timeframes for our 1st right of refusal and also the mre (mineral resource ‘expansion’)… also note halfway through maintenance and repair works…