Cadence Minerals Share Discussion Threads

[mdchand] 11/12/2024 14:43

Forgot to post this - from 3rd Dec - Zeus broker note

PFS update delivers superior results for Amapá iron ore project Cadence today provides an update on its PFS for the Amapá iron ore restart (owned 34.6% by Cadence) in Brazil. Headline results show a marked improvement in economic returns from the updated PFS put out in July 2024 and, following the enhanced metallurgy to show that a 67.5% iron ore project can be produced, the NPV10 has been shown (by Cadence) to rise from $1.2bn to $2.0bn with a new IRR of 56%. Today’s update is comprehensive and shows the potential company maker that Amapá is and the returns that can be achieved. We have remodelled our own numbers based on those in the RNS and show an NPV10 of $1.7bn post tax. This translates to a Cadence participation (34.6%) of 42p/share using the inclusion of only 20% NAV as a proxy for risk - Cadence being a junior company with such a large project.

Our assessment is that the Amapá mine could be company-maker for Cadence. We are firmly of the belief that the current market cap is more than covered by its legacy investments (not considered here). In our opinion, the development of Amapá will be transformational for Cadence and we see fair value in Amapá alone at 42p/share with plenty of upside potential. The risks are obvious with a junior miner having access to a large capital-intensive project (Capex of $377m, plus $50m to creditors). However, Cadence has engaged with Sinoma International Engineering Co to help with project financing and sourcing the debt required and is engaging with several potential financing partners to provide the equity portion of the funding at the project level.

[djfrankie2] 11/12/2024 14:19

We had an RNS on the 3rd Dec hence renewed Interest there is speculation of an RNS on the way saying exactly what ?? I'm not convinced

[jamboexpress] 11/12/2024 12:12

Rns out soon?

[djfrankie2] 11/12/2024 11:51

I think your spot on diesel imo this will always be a speculative buy and that is what is going on at the moment when the rewards not there in a week or so or no rns back into the 2s they go , I am not a holder I've been disappointed too many times I also think the mine IF it ever gets bought will be at a low figure

[z1co] 11/12/2024 11:48

Apologies for off topic;

Light Science technologies holdings LST , very much under the radar.

Their PFP division has won another contract for TWO residential tower blocks in Salford



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Read more about our new contract here:

[diesel] 11/12/2024 11:32

Agree cash raise likely, and until I/O gets above about $120 then I’m not expecting much. However, if this gets the CAPEX to bring into operation then a double digit share price could be seen pdq.

[red army] 11/12/2024 11:14

Yes cash raise below bid price coming and then will fall below the bid price which will be a good point to add/buy

[bagpuss67] 11/12/2024 10:04

Unlikely I know but if they hang on to a decent amount of equity and Amapa gets funded then this is going parabolic...

[rossowheels] 11/12/2024 09:49

Note buying and upwards direction on no apparent news...

[farrugia] 10/12/2024 05:41

jim just wants you to subscribe to his paid newsletter, nothing else.

[cat33] 09/12/2024 17:10

Neat summary from Jim https://mining.beehiiv.com/p/jim-s-mining-letter-december-8-2024Big numbers

[biglad1] 03/12/2024 12:23

This has been on life support for years. Was a pump and dump. Now just, board payer. Where is the lithium side of the business now. 10% off this 30% of that. 100% of nothing but tailings of Iron. Sell to who?

[farrugia] 03/12/2024 11:43

zico you should have read the last trading update - let's see who is right in the next few weeks :)

[z1co] 03/12/2024 11:00

Troll , they have already raised fairly recently in July.

[farrugia] 03/12/2024 10:55

yeah with the refurbishing costing a few hundreds of millions? Meanwhile the chief Kiran Morzaria needs money to continue living his comfortable lifestyle.

[rossowheels] 03/12/2024 09:47

We have basically found the equivalent of a large oil field which is already developed and is in the process of being refurbished.

[farrugia] 03/12/2024 08:08

i bet a capital raise will follow on this ramp. After all the salaries need to continue being paid :P

[bagpuss67] 03/12/2024 07:20

Nice update

[rossowheels] 26/11/2024 08:56

Tick, Tock

[bagpuss67] 26/11/2024 08:13

Maybe they can do this...long way to go though

[swanvesta] 27/9/2024 06:58

Reflections in his glasses, silly.

[farrugia] 27/9/2024 06:38

Don't worry, the clown will deliver savings - see 3.20

[bagpuss67] 27/9/2024 06:34

GOING CONCERN



The Directors have prepared cash flow forecasts for the period ending 30 September 2025. The forecasts demonstrate that the Group has sufficient funds to allow it to continue in business for a period of at least twelve months from the date of approval of these financial statements. Accordingly, the accounts have been prepared on a going concern basis

I would like to see these forecasts!

[bagpuss67] 27/9/2024 06:14

£133k at the end of June. How are they paying the salaries for that matter. Assume they have to try and sell the remainder of thier investments and go all in on Amapa and the hope that Iron Ore prices pick up?