The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
maybe we should quickly increase our ownership of amapa to 49%… taking advantage of this post pfs dire market valuation amapa has now… would only cost us about £7.6m for the remaining 19%… the rest of the dipb loan financing being raised from the surplus profits from the stockpile sales…
this has since been confirmed by the outstanding pfs published this year… https://www.lse.co.uk/rns/KDNC/completion-of-pfs-on-amap225-iron-ore-project-zt6wet08723tua3.html … which was produced by professionals showing an npv $949m… that other professionals would discount to 20% for a risk adjusted fair value of the project at pfs… to npv $190m for 100% amapa… ($57m 30%)…
our bod… indo sino… and the jrp… all seem to have valued our amapa asset at ~$110m 100% when we got our additional 3% for $3.3m… https://www.lse.co.uk/rns/KDNC/investment-update-g6l34zacmvs4rg4.html … so unless we’re money laundering… that’s the value that hmrc will use to determine our capital gains tax… fact…
that article still fits with litiomx doing the contract mining… under agreement… however they want to make it look to their voters… they’ll want to start before the next rainy season i would think… so won’t be taking it and going through a lengthy legal process… imo…
yep… must admit it’s very unusual for me to see just one mm on top of both the bid and ask… giving us the advertised spread… definitely tightening… be interesting to see if the others will follow suit and tighten it up a bit too…
mining… beneficiation… extraction…
there’s a possibility that they could divi it up by sectioning out the three main activities of the flow sheet… mexico already having a majority interests in the mining of the lithium… from royalties and taxes… litiomx could be the nationalised lithium mining company… responsible for mining 100% mexican lithium…