Cadence Minerals Share Discussion Threads

[noirua] 10/2/2021 10:19

Bulk Buys: Iron ore futures look firm, China’s port bottlenecks keep lid on coking coal prices
9 february 2021

ASX resources company Macarthur Minerals (ASX:MIO) has signed an outline agreement with Esperance port for its Lake Giles iron ore project in WA.


Ownership: Approx. – 1% interest (01/01/2021)

[divmad] 10/2/2021 10:18

Noirua, not quite right. AA valued its 70% stake at $462mn.

[divmad] 10/2/2021 10:14

So Cadence's share in the Amapa resource, for 20%, at historical valuation levels in 2012 for AA, Pro rata, is $125mn. 27% would be $168mn.Key question, how would these valuation levels change with the current iron ore pricing and production costs?

[odsjp] 10/2/2021 09:46

The EMH investment is valued at over £15M (19,747,740 * 0.765) with KDNC having a current market cap of £29M.

So the value of all its investments (minus EMH) is £14M with the impaired value of Amapa alone (its jewel in the crown) is at US $462M.

When the iron ore is shipped, money in the bank and the investment in bringing the mine back online starts then this will hopefully re-rate significantly.

[noirua] 10/2/2021 09:34

• Prior to its sale in 2012 Anglo American valued its 70% stake in the Amapá Project at US$866 million (100% 1.2 billion) and after impairment valued it at US $462m in its 2012 Annual Report ( 100% US $600m)

• Updated Mineral resource of 185 million tonnes at 39% Fe.
• The ore is beneficiated to 65% Fe Pellet Feed and 62% Fe Spiral Concentrate.
• Cadence is able to acquire a significant share of the mine (up to 27% of the issued share capital of PBA) for a staged equity investment of US$ 6 million and has a first right of refusal to acquire up to 49%.
• Potential for the mine and existing infrastructure to be brought to market swiftly with mining and processing anticipated to restart in 2021 subject to the grant of the necessary permits, regulatory consents, and project financing.

[divmad] 10/2/2021 09:27

This is ridiculously cheap in the current market environment, with an Amapa legal settlement.

[donald pond] 10/2/2021 09:02

Has anyone done a sum of parts valuation here? Am I right that it is basically valued at £10m once you strip out the EMH holding?

[bean02] 10/2/2021 08:49

Nothing available from hl. Up up up!

[bean02] 10/2/2021 08:15

Significant progress!

[soggy] 10/2/2021 07:51

Nothing now to stop the share price from steaming ahead to a more realistic level...

[fhmktg] 10/2/2021 07:41

I believe this was the last impediment to clarify legal right to begin the overall opening up of the mine..the shipment of the ore providing cash.

[the deacon] 10/2/2021 07:32

Is this $10m cap on realised profits new? Just $6m going towards Amapa development?

[fhmktg] 10/2/2021 07:22

Hooray!If I understand the RNS, we can start shipping no more than one week from now.

[golden prospect] 09/2/2021 12:52

Great realisation window for KDNC

KDNC value in EMH is £15.79m (19,747,740 * £0.80)

[golden prospect] 09/2/2021 06:40

EMH storming on asx, now A$1.50, over 80p

[golden prospect] 08/2/2021 22:09

A backlog of news for KDNC to release, HAS+MIO+EMH

[golden prospect] 07/2/2021 22:46

Hastings news and excitement at Yangibana, key drilling north of Frasers. (8TH FEB 2021). Should be a strong start for KDNC, especially as they update on other projects such as EMH.

[golden prospect] 03/2/2021 08:31

Lithium stocks should be hot in 2021 so KDNC as a lithium investment fund should reap some great rewards as the wait for Amapa continues.

[golden prospect] 03/2/2021 08:13

KDNC value in EMH is £13.42m (19,747,740 * £0.68)

[golden prospect] 02/2/2021 08:14

KDNC value in EMH is £12.04m (19,747,740 * £0.61)

EMH should be melting up to the £1+, great window for KDNC

[golden prospect] 02/2/2021 07:49

Some great news out today at EMH



Opportunities ahead for KDNC to realise more monies by selling out on rises.

KDNC value in EMH is £10.86m (19,747,740 * £0.55)

[djfrankie2] 01/2/2021 01:11

EMH was down 20% in trading early this morning on the Aussie ASX seems KDNC may have nailed it selling some when they did if EMH go down they will take KDNC with them who believes here that AMAPA will happen ??

[onsideman] 28/1/2021 17:40

Same old, same old. Wonder what they'll do when what was supposedly their strategic investment in EMH has been exhausted. More placings I suppose. Dilute to death, Consolidation