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Share Name Share Symbol Market Type Share ISIN Share Description
Cadence Minerals Plc LSE:KDNC London Ordinary Share GB00BJP0B151 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.125 0.7% 17.875 17.50 18.25 17.875 17.75 17.75 278,419 08:06:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.3 -2.5 - 27

Cadence Minerals Share Discussion Threads

Showing 2826 to 2850 of 3200 messages
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DateSubjectAuthorDiscuss
08/1/2021
08:09
KDNC value in EMH is £15.99m (21,044,219 * £0.76)
golden prospect
08/1/2021
05:31
Presumably the Bod, in recently making repeat and collective market purchases around these prices or higher, take the view that current debt settlement discussions including how to split the iron ore stockpile will resolve satisfactorily for everyone.
divmad
07/1/2021
20:08
Sell when others are buying, buy when othwrs are selling. It makes sense to realise profits on investments, particularly when they can be used to accelerate progress elsewhere. Soon enough, our share price will be in the 20's
dubjon
07/1/2021
19:11
No, onsideman - that is not what i am saying; one hopes they continue to realise value by selling into the rising EMH price.
golden prospect
07/1/2021
18:21
So what you're saying is that if they'd waited 3 weeks longer to sell that last 2.2m in December they'd have half a million more £s in the bank
onsideman
07/1/2021
16:36
KDNC value in EMH is £15.15m (21,044,219 * £0.72), storming ahead.
golden prospect
05/1/2021
21:49
Exactly Legalease, I think Cadence were initially projecting around $60 million from sale of ore stockpile. I've not been paying attention to iron ore prices until recently. When you do the math and realise that Cadence are sitting on at least $220 million gross of saleable iron ore, this investment is suddenly very interesting. Of course we don't know what the bank creditors will want or get, but worth pointing out that the current and future iron ore price could be a game changer here. I was mulling over selling my holding, think I will stick around and see how this plays out.
timbob2000
05/1/2021
19:22
Maybe it is that easy.... when this process started iron ore was significantly cheaper. No one suspected China was arming itself to the hilt
legalease
05/1/2021
13:54
Well at least the stockpile is a valuable asset that can help to negotiate a workable debt settlement that suits all parties.
divmad
05/1/2021
13:31
Sporazene2 - Thanks for reply. Looking at the FY 2019 final results, which states sale of some of the stockpiled iron ore could be used as part of settlement package with bank creditors. The FY 2019 report also states that the first $10 million of shipped iron ore would be used at least in part to pay creditors $2.5 million, thereafter funds will be used to begin recommissioning/refurbishment etc... It does seem vague on detail, I guess because Cadence ultimately doesn't know what the final settlement figure will be with bank creditors until agreement is reached. Hopefully this will be resolved very soon.
timbob2000
05/1/2021
12:50
timbob2000 - yes the iron ore price is looking strong. Regarding the stockpile, i dont believe we know how much of the revenue from the stockpiles will be used to pay creditors and for general working capital/start-up of the stockpile processing operations. So I am not sure how much there will be left over to count towards the capital costs
sporazene2
04/1/2021
17:37
Just looking at market price of Iron Ore right now. We're looking at $158 p/t, or $164 p/t for iron ore 62% fe. Amapa project has approx 1.39 Mt of iron ore stockpiled ready for shipping. Lets say $160 p/t x 1.39 million = $222,400,000 gross. Cadence anticipate total of $168 million in capital to reactivate Amapa. At current prices stockpiled iron ore could provide for all capital? What am I missing here, surely not as easy as that right?
timbob2000
04/1/2021
09:08
KDNC value in EMH is £14.099m (21,044,219 * £0.67)
golden prospect
04/1/2021
08:12
KDNC value in EMH is £13.46m (21,044,219 * £0.64)
golden prospect
31/12/2020
11:41
KDNC value in EMH is £13.04m (21,044,219 * £0.62) EMH looks like it is melting up to a £1 Hope KDNC sell £1m for every 5p rise
golden prospect
30/12/2020
19:34
Thanks for your considered thoughts sporazene2. Any positive news on Amapa may be monumental for KDNC, plenty of upside imo.
golden prospect
30/12/2020
19:23
Spor...the Bacanora licenses won’t come into play for years. You’re right about Amanda, that is they’re trump card, but the problem they have is like any early investor in E and P companies is the constant need to raise money and the consequent dilution that leaves.
diesel
30/12/2020
16:31
Golden Prospect - I think the EMH stake is the best hope KDNC have of raising capital to fund their portion of the Amapa development - without resorting to dilution of the asset or considerable dilution of KDNC. There are clearly a number of options to fund a portion of the capex, including off take, but lets say the JV will need to fund 30% of equity or $60-75m I think it would be much better to wait until EMH complete their DFS later next year before KDNC further monetise their EMH equity position but I do appreciate that KDNC requires working capital. From what I can gather their JV with Bacanora only covers 12% of the project area which is covered by the DFS but not entirely sure if they will get 12% of the project revenue from day 1 or it will be a number of years before the JV areas are mined. Either way I dont believe that revenue can be considered in relation to funding Amapa. FWIW - I dont have a position here but hold APF. I am considering an investment but am concerned the market is illiquid. I also have some other concerns namely the CEO being the FD of another oil and gas co but their assets are of interest and if they can secure a financial package to get their iron ore asset into production this would be transformational.
sporazene2
30/12/2020
15:27
I like the KDNC approach to sell down EMH and bank the millions whilst keeping footings elsewhere - seems a robust strategy for value.
golden prospect
30/12/2020
15:22
Yeah, that's what people said back in the early REM days. What was it they used to call Bacanora, "the Saudi Arabia of Lithium" ? Not sure we sold that anywhere the top, either No, more family jewels sold cheaply
onsideman
30/12/2020
15:15
In 2021 some might realise KDNC is really a Lithium Investment Fund with transformational prospects if they pull off Amapa (Iron Ore).
golden prospect
30/12/2020
10:56
Of course logic suggests I should, but I couldn't face crystallising losses while I felt there was still some hope of recovering a greater percentage. Unfortunately, all that ever follows any rise is placing after placing or selling more of the family jewels... seldom for progressive action or acquisitions, just to replenish the trough.
onsideman
30/12/2020
10:34
Get out then, if you have the bod so much.
divmad
30/12/2020
08:23
Perfect. Another few quid to fund Kiran's salary
onsideman
30/12/2020
07:54
Value in EMH is £12.83m (21,044,219 * £0.61), plenty of stored value https://uk.advfn.com/stock-market/london/cadence-minerals-KDNC/share-news/European-Metals-Holdings-Limited-Form-TR1/83994674 Was 23,259,751, so 2,215,532 have been recently sold, probably raising over £1m. KDNC valued at £20.98m (144,719,053 * £0.145) Value in EMH is £12.83m (21,044,219 * £0.61) KDNC valued at £12.83m + Others £8.15m (Other Lithium Projects and Amapa Iron Ore)
golden prospect
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