Kdnc Mexican interests14 Aug 2023 09:44
It looks like pressure us building up on Gangfen to secure more lithium production sites. They can't go anywhere in Mexico except Megalit and Mexalit which makes Cadence's holding very valuable. If they paid £254m for Bacanora's stake, that makes Cadences holding worth at least £85m. Although we saw this as a long term benefit and asset, I can't help thinking that things may happen sooner than even the Cadence Board thought !