Member Info for tomcat-14

Yes… $550k for 0.5% is the same as $1.1m for 1%…

in total i think by construction we’ll get another 1.4%… ballpark…

sep to mar = 6months ($1.1m/1%)…

1month = $0.18m/0.16%…

mar to dec = 9months ($1.6m/1.5%)…

Simply the rate of cash burn to do what they’ve done between then and now… and anticipating a similar cash burn to take us from now until the end of the year / beginning of construction… that with see us at 35% ownership of amapa…

Why?… if you don’t already know… we are funding amapa… kdnc…

At the end of September 2023, Cadence's total investment in the Amapá Project stood at approximately US$12.1 million, with the equity stake in the project standing at 32.6%. As of March 28th 2024, Cadence's total investment in the Amapá Project had increased by approximately US$1.1 million to a total investment of approximately US$13.2 million, and consequently the equity stake in the project now stands at 33.6%.

If the two are the same… it’s possible that the project level equity was conditional on this happening as part of that… i suppose… with it happening on the last day of the tax year ending 2014… may mean that it will have all been off the table today…

They don’t seem to be using that… and from what i can see… with the warrants… this will take us up to the point of construction and c35% amapa… 17mins…

https://youtu.be/5DTCChBU_fA?si=UR0Y-FYY5vySmtRu …

33,333,334 x 4p = £1,333,333…

8.4% tr-1 awaited from the single institutional investor next week…

You never know…

I thought that was the plan… priorities our investments into unlisted assets… masters of our own destiny… having experienced the exodus of loads of shareholders in the past who sold out to invest directly into our uk listed assets… aka emh & bcn… there’s only one way you can invest into amapa and/or sonora in the uk right now… and that’s here…

The 😈 in me would suspect our sp is purposely suppressed following the pfs publication… preventing us from progressing further and doing our own dfs to realise the 3x premium on the sale price that would come with it…

$237m to $675m…

And because they will be providing the fixed price epc contract… along with the necessary guarantees, project finance insurance and debt financing… who’s to say they haven’t already embarked on a dfs level study on behalf of their prospective financiers…

Probably not obliged nor at liberty to… although I could argue that they have told us already that they will progress the development of the Amapá Project jointly in the 30oct rns…

Why not… they’d be the first that I would ask… considering they’re going to submit a fixed price Engineering Procurement and Construction ("EPC") contract for the Amapá Project...

We should own 35% amapa by the end of 2024/beginning 2025… start of construction…

On a 67%fe pfs with an anticipated npv $1.5bn…

pfs $1.5bn* - 84.2% discount = $237m…

dfs $1.5bn* - 55% discount = $675m…

we are fully committed to this and will only revert to plan b if it proves impossible to do a 67%fe product…

Engaged late last year…

https://www.lse.co.uk/rns/KDNC/strategic-development-and-financing-b3emdmzwcgoalyu.html …

The MOU is the result of our ongoing discussions between the parties to progress the development of the Amapá Project jointly…

It’s been suggested (by professionals) that the value of amapa based on the current pfs published is:

$978m - 84.2% discount = $154.52m…

the $110m is our dipb investment valuation from the jrp to further progress the project to dfs and realise the uplift associated with that:

$978m* - 55.0% discount = $440.10m…

At the end of September 2023, Cadence's total investment in the Amapá Project stood at approximately US$12.1 million, with the equity stake in the project standing at 32.6%. As of March 28th 2024, Cadence's total investment in the Amapá Project had increased by approximately US$1.1 million to a total investment of approximately US$13.2 million, and consequently the equity stake in the project now stands at 33.6%…

1% for $1.1m… (100% $110m)…

33.6% $36.96m kdnc…

amapa’s present valuation reconfirmed…

mcap end q124 £9.03m…

From 7th march rns…

Given the above potential improvements and discussions with potential development partners, we have determined that it is best for the timeline to incorporate the feasibility study into the project's implementation phase…

Another ✔️ off the todo list…

mcap currently less than the amount invested and heavily discounted from the c$110m valuation we were most recently converting our investments into amapa… 32.6% ($35.86m)…

Does it say how many dev shares were issued to pba… and how many pba shares were issued to kdnc/indo… and when…

any mention of the transfer of indo’s $49.14m credit to pba…

😡 syntax error…

40gwh battery production… beginning 2026 (within 34months)… will need a 34ktpa lce supply (850g lce/kwh)… put into perspective that’s the bcn sonora lithium project stages 1&2… who where how… 🪄 🫤 🔎