Cadence Minerals Share Discussion Threads

[tialouise] 08/8/2017 16:20

Tomorrow , tomorrow always tomorrow

[andrbea] 08/8/2017 15:04

Aug 8

Diggers and Dealers: Car makers cut out China in race to secure lithium, says Galaxy

Galaxy Resources chief financial officer Alan Rule says the lithium miner has been in direct contact with major US and European car manufacturers looking to lock in a secure supply of lithium for batteries that will power their electric vehicle models in the years ahead.
Echoing comments by the managing director of fellow lithium miner Pilbara Minerals, Ken Brinsden, at the Diggers and Dealers Mining Forum in Kalgoorlie yesterday, Mr Rule told delegates the big auto manufacturers had done their homework and didn’t want to be caught short.
“They have told us that they have done due diligence on 200 aspiring lithium miners in the world and believe only 10 of them will survive,” he said.
“Not all deposits are of the right quality. They need battery-grade lithium and they want to deal directly with miners because they don’t want to be beholden to Chinese suppliers.”
Mr Rule also noted it was difficult for aspiring miners with greenfields lithium projects to secure finance, citing the examples of Pilbara Minerals and Altura Mining being forced to go to the high-interest bond market for project financing.
“So supply going forward is the problem,” he said.

[derano1] 08/8/2017 11:52

"Must be big news by the end of August"

[derano1] 08/8/2017 11:51

Must be big news by the of Aug..

[hazelst] 07/8/2017 12:02

So much promise here, yet so little delivered by the BoD. It's time for answers at the AGM.I won't be fobbed off this time around.

[andrbea] 07/8/2017 08:27

Aug 6

Electric Car Boom Drives Rush to Mining's $90 Billion Hub

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We don’t see any price fall in the next three years,” Benchmark’s Moores said. “When you look at all the battery plants being built and the plans for EVs, even if only about 25 percent of those are realized, we’re still going to be short of lithium. It’s a unique once-in-a-generation situation.”

Chinese companies plan battery factories with capacity to pump out about 120 gigawatt-hours a year by 2021, more than three times the proposed volume of Tesla Inc.’s Gigafactory in Nevada, according to Bloomberg New Energy Finance. About 55 percent of global lithium-ion battery production is already based in China, compared with 10 percent in the U.S. By 2021, China’s share is forecast to grow to 65 percent, according to the forecasts.

Electric cars will outsell fossil-fuel powered vehicles within two decades as battery prices plunge, Bloomberg New Energy Finance estimates.

Mineral Resources Ltd. and Galaxy Resources Ltd. are Australian producers that this year began new shipments of lithium concentrate to China, while project developers including Pilbara Minerals are targeting exports from 2018. The project pipeline is cementing Australia as a dominant player, UBS said in a June report.

Suppliers of lithium products are likely to be joined in the chase to secure Australian materials by end-users, including car manufacturers, Pilbara CEO Ken Brinsden told reporters Monday on the forum’s sidelines. “The next catalyst for the industry as a whole is when the big battery makers and even auto-makers start to look to get a position in lithium raw materials,” he said. “It’s starting to dawn on them that there could be a supply chain issue.”

[charliemike] 04/8/2017 11:49

What a farce ,nudging 50 all week.

[seaclipper] 03/8/2017 18:34

News ...don't think so..investments YES

[hazelst] 03/8/2017 12:10

Some nice steady buying here......news coming?

[daicaprice] 03/8/2017 09:46

Looking good this morning, let's break that .5p

DC

[hazelst] 02/8/2017 14:54

Up 24% in the U.S.

[fqr714bhp] 01/8/2017 14:39

I still think that KDNC will be between 0.750p-1p by end of 2017.

[fqr714bhp] 01/8/2017 14:38

3 Years ago there were a lot less shares?
We need to do a consolidation of 10:1 here.
IMHO.

[bobby.ifa] 01/8/2017 14:17

3 years ago these were touching 2p on very little news.

[hazelst] 01/8/2017 13:54

I agree sanilav, there has certainly been a change in sentiment here. Slow steady rises are best.

[sanilav] 01/8/2017 13:46

Another good RNS,all falling into place,albeit slowly.

[fqr714bhp] 01/8/2017 11:52

It took me 1 bloody hour to get 1 million. LOL!!!
What the hell is going on.
With over 7 billion shares, you think you could buy 1 mill.

[charliemike] 31/7/2017 12:24

This could easily be 1p soon with a little luck

[[e-mail]] 31/7/2017 09:31

lithium the new gold big demand coming

[croasdalelfc] 29/7/2017 18:58

https://www.theguardian.com/environment/2017/jul/29/electric-cars-battery-manufacturing-cobalt-mining?CMP=Share_iOSApp_Other

[warrenfingerfood] 28/7/2017 21:24

Australia has the most camels and I should think cow s--- has more methane anyway.

[mikemichael2] 28/7/2017 14:02

I'll go for a 'drone car' with solar to keep it going.