Cadence Minerals Share Discussion Threads

[golden prospect] 30/10/2020 13:59

Perhaps there is silence pending some legal aspects, although permission to ship had already been given and it is likely this recent shipment is associated with KDNC proposed investment. Investors left waiting for news/clarification.

[diesel] 30/10/2020 13:47

This is proving quite a conundrum. It does look like the shipment currently underway is from the stockpile in question, I can’t find any other likely sources. Any movements were suspended as of Sep 2nd announcement, but the tone of the relevant releases suggest that this was temporary while contracts finalised, all very positive. An update was due once shipments started, an odd comment as you would expect an annoucement as soon as permission to ship had been verified.
Now we wait for an RNS that could instantly double the sp, but the market seems to think otherwise....

[urchin1] 30/10/2020 09:37

Has that ship left port yet?I see the price per tonne of iron ore is 120$42000 tonsThat equates to approx 4.6m GBP

[golden prospect] 30/10/2020 07:45

All eyes will be on Amis Hero

[golden prospect] 30/10/2020 06:32

Binary: trick or treat ? The moment nears.

[onsideman] 29/10/2020 16:17

I wouldn't say it's been a roller coaster - they tend to go up as well as down. More a slippery slope... and if it does happen to go on a bit of a run it'll only accelerate Kiran's next bucket shop placing

[kcaco] 29/10/2020 15:22

As a nervous investor . I tend to agree Sanilav . A bit of news means more than a moving ship . Being positive though KDNc does have an interest in the region at Amampa . So it could be for us . Let’s hope so as this share has been a rollercoaster

[adobbing] 29/10/2020 15:12

XIN HAI MING ZHU


Speed - 2.6 Knots
Course - 86°
Received - 23 s ago
SANTANA
Brazil
PORT ARRIVAL
2020-10-22 17:40
IN PORT
6d 18h 30m
MIN 5.7 m Draught MAX 12 m 11.5 m
Type - Bulk Carrier
Status - Under way using engine

[sanilav] 29/10/2020 15:02

It means SFA

[wolfcub] 29/10/2020 14:51

Xin Hai Ming Zhu moving

[kcaco] 29/10/2020 14:45

What does all that mean ?

[golden prospect] 29/10/2020 14:26

Nord Biscay idling and waiting - on anchor mid channel.
Brigantia tug now heading back towards Xin Hai Ming Zhu.

[fhmktg] 29/10/2020 14:25

Toot! Toot! Brigantine, pull away!

[dubjon] 29/10/2020 13:46

Some decent buys coming in now.
Shouldn't be too long now before we have some news....and a decent rise

[golden prospect] 29/10/2020 13:43

Nord Biscay approaching Santana, perhaps Xin Hai Ming Zhu will be sailing soon.

Brigantia tug is nearby.

[golden prospect] 29/10/2020 13:16

Next high tide is 14:23PM local time, in just over 4 hrs.

The tide is currently rising.

[kcaco] 29/10/2020 10:15

The 28 th of Aug RNS . Used the term “ once shipment is underway “ . Maybe KM is slowing the release of an RNS to bask in his glory . It’s his time in the limelight

[mdchand] 29/10/2020 09:41

I think we can all agree that an Iron Ore ship is docked at Santana. What is not 100% certain is whether that Iron Ore belongs to the DEV, although it is 99% likely.
What is not certain is when Kadence will issue an RNS confirming the above albeit they have an obligation to release financially material information to the market and clearly the shipment of Iron Ore is very material to a) the existing creditors and b) the ongoing redevelopment of the wider area.

[sanilav] 29/10/2020 08:47

High tide,mid afternoon in Hunstanton,which is about as significant as all the other drivel thats been posted on here and elsewhere.Bulletin Board hype,never fails.I see no ships,only Hardships.Until we get clarification,we aint got nothing yet.

[golden prospect] 29/10/2020 05:47

High tide early afternoon on 29TH October in Santana.



Xin Hai Ming Zhu

Amis Hero

[mdchand] 28/10/2020 14:59

And based on the port's own website that should be tomorrow.

[metis20] 28/10/2020 12:44

diesel - as you may be aware, in the 28 August 2020 Interims RNS there is the statement -

"Cadence will provide an update once the first shipment is underway."

"As announced on the 11 August, Companhia Docas de Santana ("CDSA"), a public (municipal) company and the port operator requested some additional non-statutory contractual requirements and undertakings. DEV has provided the requested documentation, and continues to liaise with the State of Amapa and SEMA (Secretaria de Estado de Meio Ambiente). Cadence understands that SEMA will provide the required documentation imminently. Cadence will provide an update once the first shipment is underway."

So the legalities you refer to may have been settled but Cadence has stated that the update will not be provided until the first shipment is underway.

[golden prospect] 28/10/2020 11:36

Could be one about to leave and next boat in! Plenty to watch.

[diesel] 28/10/2020 09:54

Am following this story with interest, but it doesn’t make sense, to order a ship in, load it, without the legalities of ownership being settled and reported. Time will tell.

[golden prospect] 28/10/2020 09:14

VESSEL : XIN HAI MING ZHU
ETS : 29/10
CARGO TYPE : IRON ORE
QUANTITY : 45.000
DESTINATION : CHINA


29th October is a key day.