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Posted at 05/4/2024 14:51 by northwestwirral 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 Read Full Thread Reply
Posted at 08/3/2024 09:01 by iceagefarmer 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. Read Full Thread Reply
Posted at 07/3/2024 08:58 by djfrankie2 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 Read Full Thread Reply
Posted at 04/3/2024 08:24 by hooded claw 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. Read Full Thread Reply
Posted at 30/10/2023 20:50 by djfrankie2 OMG 71p ,, yes once Amapa is actually making money once EMH shares double if ever ,, once Sonara is up and running again if ever ,, and around 4 years for Australian assets to flourish . yes today was positive do bear in mind KDNC were under 5p now 7.5p profit taking and back to 5-6p Signed Dead duck brigade Read Full Thread Reply
Posted at 23/10/2023 20:18 by djfrankie2 Half a million dumped today at just over 5p thats not good on the 5th October i wrote can i realistically see these at 4p another day like today and in the 3p range which is where Kdnc were during Covid i still stick to my 26th September post please see on past performance KDNC have been diluted to hell and back are we due a fund raise at these levels who knows Read Full Thread Reply
Posted at 06/7/2023 21:39 by djfrankie2 I think our time is coming boys and girls call it a gut instinct lets face it we are at net asset value technically they cant go any lower lots of noise in Sonara lately if Ganfeng buy KDNC at a fair price this is 40p plus straight away Read Full Thread Reply
Posted at 13/6/2023 08:39 by diesel KDNC holds 7-8% of EMH and that has risen almost 50% in recent weeks, this will have to be reflected here at some time. Read Full Thread Reply
Posted at 13/4/2023 09:47 by adobbing #KDNC - Substantial Shareholding in Evergreen #Lithium ASX #EG1 ~ Holds 15,830,138m shares (8.74%)- largest shareholder ~ Evergreen Byone Lithium Project adjacent to @CoreLithium producing mine. ~ Further £1.86m shares due on performance milestones Ow.ly/T0qp50NHRrc Read Full Thread Reply
Posted at 12/4/2023 02:38 by djfrankie2 20 % up i would get excited at 100 % up and my understanding KDNC cant take out their share of the investment for two years they will be issuing more shares in the near future at 5p 6p 7p just watch it guys " If it seems to good to be true it probably is " Read Full Thread Reply