Member Info for tomcat-14

Still can’t find it bannor… but it sounds like it’s the worst case scenario valuation… based on ev-bulls post…

posted 13 Mar 2025 10:59…

‘Just on the buy back clause would be a 3x now US$13.8 million for 34.14% * 1.5 = $20.7m = £16m GBP vs a £4.6m market cap + other projects/cash’…

Can’t find it anywhere…

289.59m shares x £0.046 = £13.32m…

how do they get to that from the $2bn pfs…

🤞

Oh well… at least the introducer made something for nothing…

In April 2023, the Amapá Project submitted the required environmental studies and applications for the Amapá mine and railway. This application was in the form of the Environmental Control Plan, "PCA" (Plano de Controle Ambiental), and an Environmental Control Report, "RCA" (Relatório de Controle Ambiental)…

did they?…

Hesperian and Cadence have agreed to an exclusivity period terminating in the Q1 of 2025. Cadence will complete its full due diligence during this period, and both parties will look to finalise a definitive investment agreement. As part of the exclusivity Cadence will issue 1,666,667 new ordinary shares to the introducers of the Projects, which will be subject to a 12-month lock in. Cadence will update the market as and when necessary…

“I look forward to reporting back on progress at the end of the exclusivity period with Hesperian Metals." 📰

Confusing i know… to include this and their rights to dev (zamin) gold… one or the other i would have thought (as the way we reported / Jimb2 posted @ 17:16 below)…

About Our Iron Ore Plant

• In 2012, Mina Tucano under then Beadell Resources, constructed an iron ore processing facility

• Approximately US$12 million was invested in building the plant following significant studies

• Production ran for one year from 2013 to 2014

They don’t mention that… only their rights over our gold… and their own 1mtpa fe plans…

processed @$5/t and trucked 214km (3hr12min) from mine to santana port @$25/t transport costs…

Not sure… but the road to ///saturating.shuffle.suspending looks to be getting well worn… up to the censored square over the mine… where they don’t want you to see the progress…

Yep… nope… nope… what’s taking so long…

Our joint venture has continued to engage with SEMA and other relevant authorities. SEMA recently requested that the Amapá project obtain standard clearances from federal, state, and municipal authorities for the railway license. These have been submitted, and we are awaiting responses. We have requested an update regarding the timeline and will inform the market once SEMA has provided guidance...

How’d he sign the accounts in apr24 then…

7feb2022 happy anniversary… leather 💼🦬

https://www.lse.co.uk/rns/KDNC/amapa-formal-completion-vesting-of-20-n7mo9ezyit72qdl.html …

4-weeks into the new year… you’d think they’d have chased up by now and got some sort of commitment from whoever needs to respond… unless… as said previously… the licences trigger something that’s not quite ready to be triggered yet… (they’ve awarded themselves those rock bottom 💵 options already… so it’s not those holding it up now)…

Justified by this…

$1.977bn / $660m = 3…

providing they realise this pfs3 value into kdnc’s sp… 💼

Actually…

whilst both options are available…

i should say something’s trebled in value between these two awards…

£3.6m + £1.8m = £5.4m / £…

(£5.4m / £1.8m) = 3…

Ironically…

£522k / £0.29 = £1.8m / £…

£73.6k / £0.02 = £3.6m / £…

something’s doubled in value between these two awards…

Apr21 options… expire apr26…

1,800,000 x 29p = £522,000ea x 4…

for 4.8% of what was then a £43m mcap company…

jan25 options… expire dec30…

3,680,000 x 2p = £73,600ea x 4…

for 4.97% of what is now a £5.9m mcap company…

No… 1.85p + 10% premium = 2p…

wonder what they achieved to deserve these… 💼

What are the milestones and what do we get when they reach them again…

I’d like to think that the institutional standard discount of -84.2% at pfs stage is the absolute minimum value that our bod should be looking to achieve right now… plus a premium for the inherent value of amapá…

we’ve transformed amapá from a $660m sleeping giant into a $2bn monster…