Member Info for tomcat-14

295m - 168m = 127m is a lot of shares to hide under 9m roofs though… since we completed the $949m pfs1… that would mean 14+ roofs involved…

And if indo sino have not yet transferred their $49.14m guaranteed credit to pba yet… which i’m not sure and doubt that they have… by default we either get cash (guaranteed by the stockpiles) or additional shares… up to 49.9% ownership of pba…

Add to that 1.1.30 indo sino’s credit $49.14m…

$14.3m + $49.14m = $63.14m x 34.6% = $21.84m excl interest kdnc’s current value in pba… mcap $4.92m…

(4bags minimum) all guaranteed by the stockpiles…

Fortunately these loans are guaranteed by the stockpiles… so won’t be written off for £1…

All financing to dev is provided by means of a loan… (table 5.1) dipa and (table 5.2) dipb at a pre-defined rate of 18%… (table 5.3) dipc is undefined / to be negotiated with the project debt provider(s)…

Who owns all those shares now then… we’ve not had a tr-1 since jun2020…

Currently…

As of the end of November 2024, Cadence's total investment in the Amapá Project is approximately US$14.3 million, and its equity stake in the project stands at 34.6%…

$14.3m x 18% = $2.57m interest pa…

When did they increase the ems to 75k…

Not sure the sp tells the full story…

shares in issue and mcap added… 🤮🚀

feb22 (aa) : $660m(100%) - $132m(20%)…

sp21p 168,649,083 mcap£35,416,307…

mar22 (aa) : $660m(100%) - $178m(27%)… 📈

sp17p 172,283,908 mcap£29,288,264… 📉

jan23 (pfs1) : $949m(100%) - $285m(30%)… 📈

sp14p 172,719,813 mcap£24,180,774… 📉

jul24 (pfs2) : $1.1bn(100%) - $376m(34.2%)… 📈

sp3p 197,637,704 mcap£5,929,131… 📉

dec24 (pfs3) : $1.9bn(100%) - $657m(34.6%)… 📈

sp2.5p 227,637,704 mcap£5,690,943… 📉

sp1.5p 295,971,038 mcap£4,439,566… 📉

Maybe he borrowed them then… fixing his £25k fee… now capped and protected… all in one short and swift move…

As are we when we then loan that cash through to dev…

18% interest per year for the dipa and dipb financing… guaranteed by the stockpiles… 🤫

Looks like the introducers of the Pompeya and Sarzeda Projects didn’t hang around… and whilst paid in equity… just wanted the cash…

Feb22 (aa) : $660m(100%) - $132m(20%)…

mar22 (aa) : $660m(100%) - $178m(27%)…

jan23 (pfs1) : $949m(100%) - $285m(30%)…

jul24 (pfs2) : $1.1bn(100%) - $376m(34.2%)…

dec24 (pfs3) : $1.9bn(100%) - $657m(34.6%)…

Yep… looks like 35% could be the 🎯…

$2bn npv @35% = $700m kdnc…

Don’t hold your breath… i think we’re up to date in that regard…

Cadence Ownership…

As of the end of November 2024, Cadence's total investment in the Amapá Project is approximately US$14.3 million, and its equity stake in the project stands at 34.6%…

Dd has told you who is leveraging you out… you either chip in a pay your dues… or you don’t…

Indo sino farmed us in to do that… and we’ve done it… and now have a $2bn pfs… all inclusive of bank and indo credit payments…

It definitely wasn’t… it had to get through the jrp with a uk co… for pba to own dev…

They were… see rns 07 February 2022…

As you know… we can’t until the banks decide it’s time to ship them… or we pay the banks the agreed settlement upfront…