Cadence Minerals Share Discussion Threads

[[e-mail]] 10/4/2017 08:09

lithium the new gold

[gantenbrink] 10/4/2017 08:09

Excellent news from BCN. Been a while coming but a massive boost for KDNC.

[fqr714bhp] 10/4/2017 07:17

READ MY POST 14.

I WAS RIGHT, JUST A FEW DAYS OUT.

HAHA, WELL DONE EVERY ONE.

KDNC HAS TO MOVE UP TODAY.

[andrbea] 10/4/2017 07:07

curnic1

10 Apr '17 - 06:43 - 3436 of 3436 0 0
From LSE board:
Aim-listed lithium developer Bacanora Minerals has agreed a long-term supply agreement with Japan’s Hanwa Corporation that will see the Tokyo-based trader buy up to 100 per cent of the company’s processed output from its planned mine in Mexico.

Hanwa, a big steel trader with a growing lithium business, is expected to make an initial 10 per cent equity investment in Bacanora in coming weeks, adding to an investor base that already includes BlackRock that has a near 11 per cent stake in the company.

Growing demand for lithium, which is used in batteries for electric cars, has boosted interest in mining developments as prices of the raw fuel have risen.

Bacanora plans to complete a feasibility study on its Sonora lithium deposit in Mexico in mid-2017. It said that the capital expenditure bill for developing the deposit was expected to be at least $250m to be financed by a combination of debt, project financing and equity.

That companies such as Hanwa are prepared to sign so-called offtake deals with developers long before production begins highlights how lithium has captured the mining and trading industries’ imagination.

Prices of lithium carbonate, or the processed ore, have roughly doubled since 2015, according to analysts at investment bank Liberum. Some fear, however, that a speculative bubble could potentially form in the key battery material, with more small-cap miners turning their attention to deposits.

Bacanora, which does not yet have any revenues, has attracted big-name backers on top of BlackRock and has a £91m market capitalisation. M&G Investments owns just under 8 per cent.

Cadence Minerals, chaired until 2015 by the colourful David Lenigas of “Gatwick Gusher” fame, is still the mine developer’s biggest investor with about 19 per cent of the shares and a claim on the some of the licences.

The company says the Sonora deposit could produce as much as 35,000 tonnes of lithium carbonate annually by between 2021 and 2022 or potentially more than 10 per cent of forecast world consumption.

Under the strategic partnership with Hanwa, the Japanese company will help secure debt financing for Sonora, as well as taking between 70 to 100 per cent of the lithium carbonate from the mine if it reaches production.

“This partnership with one of the world’s leading battery chemical traders is transformational for Bacanora,” said Mark Hohnen, Bacanora’s chairman. “It significantly reduces the overall risk profile of the project.”

The deal for Hanwa to take a stake in the company should add more than £10m to Bacanora’s cash balances.

The company also owns a 50 per cent stake in the Zinnwald lithium deposit in Germany, where a feasibility study is also expected to start this year.

[derano1] 10/4/2017 00:00

Something is brewing ????

[temmujin] 09/4/2017 23:16

lenigas not tweeted for 4 days...is he ok or gone stum for a good reason?

[nickg2] 09/4/2017 22:06

Gonna blow this week!

[bookwormrobert] 06/4/2017 07:45

Sorry about that, the decimal point got lost- try 0.50p a share. General point still true, though.

[fqr714bhp] 06/4/2017 07:39

I will take 50p a share with great pleasure.
LOL!!!!

I will be happy with 5p a share.
LOL!!!!

[bookwormrobert] 05/4/2017 17:37

I've basically copied this from the other board because it is worth repeating:

Cadence's shares BCN (Bacanora) and EMH (European Metals) are currently worth 50p a share - today's share price. So all Cadence's other investments - the rest of Sonora, Yangibana, Auroch and Macarthur are effectively "for free". I know that investment companies normally trade at some discount to their assets, but this is an absolutely crazy situation, and an anomaly that I expect the market to rectify when it finally notices it.

[[e-mail]] 05/4/2017 15:12

lithium is the new gold keep your eyes on this one.

[fqr714bhp] 04/4/2017 10:49

WTF!!!!! i see KDNC went down to 0.425p today?
Now back up to 0.500p

There will be big news this week on the back of that tree shake.

AIMHO.

[sanilav] 03/4/2017 13:51

And the share price just gets, Oh Well!!!!!!!!!!!!!!!!

[fqr714bhp] 03/4/2017 10:43

The news just gets better and better here for KDNC
Great news from Australia today.
Roll on 2019-2020

[fqr714bhp] 31/3/2017 12:54

All the great news going on on EMH and REM share price still stuck on 0.500p
When is this ever going to move up?
I know we have to wait until 2019-2020 for REM to move.
But it would be great to see it move to 1p at least for now.
More waiting i guess.

[derano1] 30/3/2017 10:12

Fun times coming again:)

[[e-mail]] 30/3/2017 08:13

all set for a big rise.

[rossowheels] 28/3/2017 10:47

DATAIT: Thanks for your insight. Most useful.

[jeffguru] 28/3/2017 10:03

Well said!

[adobbing] 28/3/2017 09:54

There is no reason other than the halfwit actually believes that people take notice of what he says and make investment decisions based on it.

The filter button is a useful way of muting the delusional morons!

[jeffguru] 28/3/2017 09:22

And the reason is???

[datait] 28/3/2017 09:16

This will plummet now

[sanilav] 28/3/2017 09:10

What has happened to the risers and fallers page.Cant seem to get it when logging on to ADVFN

[substp] 27/3/2017 12:09

So who is the JV with? Something affiliated with Dr. Rainer Ellmies?

[andrbea] 27/3/2017 09:51

Video (Namibia) dd 28 Feb 2017