Cadence Minerals Share Discussion Threads

[rossowheels] 21/1/2021 19:28

Those convertible loans are a good way of raising capital by stealth

[golden prospect] 21/1/2021 13:21

It should be interesting to see if KDNC got more EMH away as they probably need more cash for 2021. If not then perhaps a placing or new convertible loan may be required.

[urchin1] 20/1/2021 08:09

Big blue day looming!

[bosbus] 19/1/2021 20:13

There was loads of talk about the ship arriving and departing loaded with iron ore. Was that a dream?

[johncasey] 19/1/2021 16:43

all depends on Amapa...is the rise due to EMH or Amapa news coming?if the latter is positive i say 50p

[dubjon] 19/1/2021 08:31

Short-term target....longer term 40p+

[divmad] 19/1/2021 08:21

That's not much of a target, given what's gone before, and the asset backing here going forward. Try being a little bit more imaginative.

[dubjon] 18/1/2021 22:12

Less than you, judging by your previous posts, but EMH is certainly helping. In the absence of negative news, my 22p target is imho very achievable. I take my target from the breakout of the cup and handle formation at 16.5p on the chart. Time will tell,

[diesel] 18/1/2021 21:18

Dubjon, what do you know about the ‘other’ investments?

[dubjon] 18/1/2021 20:32

Pretty soon the herd is going to arrive here. Possible transformational news due any time, with some of our other investments starting to bear fruit elsewhere too. The chart looks great too - Textbook breakout after retest. I'll stick my neck out and say 22p by Friday. Holding in anticipation of a decent run

[urchin1] 18/1/2021 10:23

More value I reckon!

[bosbus] 18/1/2021 10:09

Hard to believe after years in the red but I'm blue today!! Onwards and upwards.

[johncasey] 18/1/2021 09:56

resisted temptation to sell...alot of catching up to do yet

[urchin1] 18/1/2021 09:36

Definitely was an indication of imminent jacking up Off share price!

[urchin1] 18/1/2021 09:21

Strange buying pattern 1/2 a dozen 10 share purchases On the bounce

[donald pond] 17/1/2021 08:04

And sorry, it is BCN that owns a big chunk of Zinnwald. There are so many companies that own chunks of others at the moment: POW is another one, difficult to keep them all separate in my head!

[donald pond] 17/1/2021 07:59

Thanks all, I was looking at the old investor magazine article from last May...bear in mind iron ore now is in the 160s. "Currently rehabilitation of the mine, railway and port is expected to be completed in 2022. A production ramp up will see 5.3 million tonnes of iron ore produced per annum within 3 years of completion of the rehabilitation. The local economy will also see significant benefits, with hundreds of new jobs and employment opportunities.The financials make impressive reading too.Net revenues after shipping from the former Anglo American mine is forecast to be approximately $265m per annum, with EBITDA of approx $136m per annum based on a conservative iron ore price of $61 per tonne. Currently the iron ore price squeeze sees the commodity trading at up to $100 per tonne."

[odsjp] 16/1/2021 18:55

Hi diesel, Yep I had seen that we only have stake in certain tenements (should have included that in my post) but at Yangi it looks like we have 30% of say 25% of the overall tenements (in terms of size) As a result, I would have thought that our stake would be worth at least 5% (9M GBP). For each 1% it would be worth 1.4M. I have not looked at proportion of reserves that we have a stake in, maybe that would be a better way. When I get some time I will have a look further and post for comments.

[diesel] 16/1/2021 17:52

Odsjp, need to look carefully at these JV’s, in Yangi....they have a 30% interest in certain tenements that are not due to be part of any activity for years. Similar with Bacanora, they own 30% of certain tenements.

[odsjp] 16/1/2021 17:35

Hi Donald, Not that I am aware of anymore. The latest presentation below shows its latest investments. hxxps://www.cadenceminerals.com/wp-content/uploads/2021/01/Corporate-Presentation-KDNC-JAN-2021-PUBLIC-1.pdf Everyone always mentions EMH saying we have a 13% stake (21,044,219 * £0.78)= £16.4M but we also have a 30% stake JV in Yangibana rare earths project (due to start construction in Q2) with Hastings Technology Metals. There share price has doubled during the course of last year and currently has a market cap of around 250M AUD (140M GBP) We are also a 30% JV partner with Bacanora Lithium on the Sonora Lithium project in Mexico. Bacanora's share price has more then tripled from 20p to 60p last year and is also valued at 140M GBP. So I can't figure out why our market cap is a paltry £26M especially as the company seems to think that the Amapa Iron ore project in Brazil is there jewel in the crown

[donald pond] 16/1/2021 08:26

Doesn't KDNC have some Zinnwald as well, that's been very strong

[johncasey] 15/1/2021 10:01

probably covid slowed it down....re rate taking place here though on emh holding

[adobbing] 13/1/2021 17:15

What happened to that ship, with the iron or on it?

[johncasey] 13/1/2021 16:58

in oz emh went up 13% to $1.39..cant understand why it didnt follow today ..usually does