Member Info for tomcat-14

why... that’s just de’ja’vous from last years rights issue...

ten years from now is some wait for the ‘next major lithium producer’... don’t think rk will sit around and watch bcn take that long... the clock is ticking already...

careful what you wish for...

she never clicked any of the links... the not secure warnings... will have had her out of here for sure...

depends how it’s interpreted... sellers last tranch come to my mind... so yes... it could be a good signal... bwtfdik...

thanks for that... very interesting it started with 475k... see if the balance goes in monday’s pre-start...

yep... it either didn’t play out as exciting as you’d expect a 375k volume bcn share auction would have done... or everyone missed the action altogether...

what i was interested in was... how big (volume) the dma was that triggered that auction or was it one of the mm’s... how many bids/offers then followed it in... was it was a single dma of the ut volume reported... was it made up from a number of smaller dma’s... was it the mm’s that moved up to grab all those cheap shares put up for auction... was it other dma’s that jumped in during the closing auction to soak them all up...

really... so with 10 mm’s on the grid... each with ~5,000 shares each... giving a market depth of only 50k shares... how did the closing auction result in a ut trade of 375k shares... using any of the calculations you listed...

did anyone see that closing auction... and how it played out...

nope... we’re giving them £400k of kdnc shares... to earn into 24% ownership of the australian and argentinian assets... the £300k we’re giving them to spend on exploration is coming next... to earn into 31.5% ownership... for which we just did a placing for that cash for already...

sorry... i don’t see that after we pay £300 earn in for the exploration work we have to pay again separately for the exploration work... and after we pay £700 earn in for the drilling we have to pay again separately for the drilling work... as it states in the rns... our earn in is on spending that cash on those works... paid in advance... so the respective ownership is earned in advance of that work being done... do you think that money is going into the founders pockets... not into the project...

can you point to where it says any of the £1.3m placing cash will be used to repay the loan...

it’s taken from the rns... http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=uzo7y98j&ArticleHeadline=Argentine_Hard_Rock_Acquisition ...

drilling... that’s what the £1.1m stage 3&4 payment is for... on grant of the exploration permits cadence will acquire up to 49% by spending £1.1m on exploration and drilling, and by issuing £0.4 million of new ordinary shares in cadence to the vendors... loan repayments... seems to be being covered by the sale of our bcn holdings... and fingers crossed... shorts we opened at the £1.50 next view spike... salaries and overheads... the company expects to use the proceeds of this fundraise to... , ongoing due diligence and project review across several potential investments and for general working capital... it looks to me like we’re now well positioned to see us through to the end of the inaugural drilling program... see what’s there... and then decide whether or not to take up the stage 5 option to take us to 100% ownership of the australian and argentinian assets...

more to come... as the preliminary work has unearthed some encouraging findings, the team intends to fast-track plans to mobilise to the picasso site to commence assessing the potential of the pegmatites identified for incremental follow up work... interestingly, as the picasso project is exclusively on unallocated crown land, this dynamic facilitates the geology consultant expediting the exploration program... stage 3... 31.5% total ownership... £300,000 cash earn-in... on commencement of exploration works after grant exploration permits... stage 4... 49% total ownership... £700,000 cash earn-in... on identification of suitable drill targets... cadence minerals is pleased to announce that it has raised £1.3 million through a placing... the company expects to use the proceeds of this fundraise to fulfil the initial exploration expenditure on the australian lithium assets...

it says not...

stage 2 complete... now 24% ownership of both aus and arg assets...

they are / were both below the 5% threshold... as noted in... http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=16zli5ld&ArticleHeadline=Holdings_in_Company ...

guy robertson’s back from retirement...