Cadence Minerals Share Discussion Threads

[swanvesta] 18/4/2024 12:58

Alan Green says "...the current market valuation at 3.6p simply doesn't make sense..."


Perhaps he should address that to the management who valued it at 3p plus a full warrant at the then current share price

[diesel] 18/4/2024 08:57

The parallel with EMH, a company that KDNC has a holding in, is significant, tiny Mcap companies with massive potential resource.

[urchin1] 11/4/2024 10:10

Crazy fools are now buying this pile of junk!

[sanilav] 08/4/2024 10:11

Think that caught everybody not in the know out!!!.Be interesting to hear the justification for it,though I dont think we will be getting any Alan Green-Stockbox type interviews in the near future.I would imagine Kiran is now in his Bunker,with tin hat on.

[hooded claw] 08/4/2024 08:43

OK that caught me out :(

[iceagefarmer] 06/4/2024 04:17

you win some you lose some...numbers game

[djfrankie2] 06/4/2024 03:28

Where's my poo emoji gone

[richie32] 05/4/2024 15:06

That discount is ridiculous. It smells of rotten fish

[northwestwirral] 05/4/2024 14:51

Placing to raise £500,000 and Issue of Warrants to Advance the Amapa Iron Ore Project

Cadence Minerals (AIM: KDNC; OTC: KDNCY) announces that it has successfully raised, subject to Admission, £500,000 placing of 16,666,667 new ordinary shares


The Issue Price represents a discount of approximately 43 per cent.
to the closing price of 5.25 pence per ordinary share on 4 April 2024

[urchin1] 05/4/2024 14:12

What the hell has happened now!

[hooded claw] 25/3/2024 08:22

Dj, that was a quick turnaround ? Although I know what it's like when you become jaded with a share.

[sanilav] 22/3/2024 14:48

They are showing on the AQSE market,def there.

[djfrankie2] 22/3/2024 12:46

I've been bearish on these for some time primarily due to being annoyed at being down this however was a great rns and i bought 75k shares 5.33 they are not showing though??

[diesel] 22/3/2024 12:02

Still a mountain to climb to bring into operation but the potential value keeps increasing!

[hooded claw] 22/3/2024 08:40

I agree jammy ;)

[ih_321630] 22/3/2024 07:55

Good rns
Looks like it will start to ramp up
Buy out on the cards

[hooded claw] 08/3/2024 09:23

Keep slagging it off dj ... it's doing wonders for the share price :)

[iceagefarmer] 08/3/2024 09:01

Bringing cadence to cadence
Positive updates

THE OAK BLOKE
MAR 7, 2024

Iron Awe
Dear reader,

My first article back in August 2023 as “The Oak Bloke” was Cadence (LON:KDNC).

Comparing last August to today an utter decimation of Lithium and Rare Earth plays. (who’d have thought - so much for energy transition and shortages!)

This charts set out the movement from August to today.


KDNC announce disposal of Hastings (HAS) freeing up an estimated £0.75m towards progressing Amapa.

Today KDNC announce several positives:

Both EMH (European Metal Holdings) and EG1 (Evergreen) are themselves progressing their projects. EMH has a 36.7% IRR and a 51% partner in CEZ the state power utility and backing from the European Bank of Reconstruction and Development while EG1 is earlier stage but with cash for a long runway. The DFS is imminent and the FID due in 2024. While the entire lithium juniors are down, the medium-long term growth of lithium demand remains undimmed.

Moreover EMH’s NPV is at conservative commodity price estimates. For example EMH's PFS put Lithium Hydroxide at US$10,000/tonne and Carbonate at $12,000/tonne. Even with today’s low prices they are not THAT low!

Also of note is EMH’s simplified flowsheet. WHI said "At the full 20% reduction, this increases our NPV10 for the project as envisaged currently by EMH of $149m to $1,217m using our new long-term lithium carbonate price of $15,000/t, and by $300m to $3,655m for our expanded case (whereby EMH doubles production from year 6)." That would imply a 6.5% of EMH @ US$3.6bn NPV x 49% is worth £90.25m/49.88p or an extra 15.94p a share.

Further investments made in Amapa should move KDNC’s ownership from 32.6% to 35%

The Amapa project has unannounced but referenced capital savings it will announce in its March update.

The Amapa product will be a higher value 67% FE ore worth $10/tonne more. This leads to the NPV of $949m up towards $1.2bn. On a 35% holding this equates to a £77m uplift from the prior £253 valuation to £330m.

KDNC has reduced its costs by cancelling its dual listing with Aquis.

>50% resource upside via Tucano which is adjacent to Amapa and where gold mining has recommenced but where KDNC has mining rights to the Iron Ore. There is an opportunity to improve the economics of the overall project further than my estimate of $1.2bn.

Tucano is one of the areas. There is also the "Great Panther" area which could contain further orebodies. A doubling of ore is not impossible. 50-100p?/KDNC share.

What premium value is there for safe jurisdiction assets? Who controls 80% of lithium refining and battery production. Not the West. Where's EMH located? The West. A few dozen miles from Bavaria's and Czechia's EV production. EG1 is in Australia. Sonora is proximate to US/Mexican EV production. Given the geopolitical tensions assets in friendly jurisdictions usually come at a premium – and not at a 98% discount.

8. EG1 – there's a further A$3.47m of shares due to KDNC on completion of certain performance milestones. Assuming this occurs this would have the effect of diluting existing EG1 shareholders by 24.6% and would increase KDNC's holding from 8.7% to 33.3%. EG1 is a A$46.17m market cap so a third would be worth £7.77m (£5.67m more).... at today's prices. Going back to the NPV of £570m that 33% would be worth £188.1m – or an increase from £0.27 to £1.04/per KDNC share.

[djfrankie2] 07/3/2024 08:58

Here we go another day in the life and times of kdnc ,Hastings sold out with a 4m net paper loss Sonara will never bring in any money Amapa if it ever does get funded will lose money any never go into profit OR the Brazilian government won't allow foreigners to mine on their land oh and kdnc emh investment will be drip sold to pay the bills happy investing

[hooded claw] 07/3/2024 08:15

Yes was thinking the same :)

[diesel] 07/3/2024 07:55

HC, looks like that could be good timing, an upbeat RNS on Amapa this am.

[hooded claw] 04/3/2024 08:24

I dipped my toe in on Friday and bought more today.

KDNC has always been a good share for me over the years as it tends to jump every now and again and it looks primed to do it again.

I was watching VAST in January last year and didn't buy in and was kicking myself when it 4/5 bagged ... need to have skin in the game on top of watching shares that may pop.