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KDNC Cadence Minerals Plc

4.99
-0.26 (-4.95%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -0.26 -4.95% 4.99 5.00 6.00 5.50 5.25 5.25 518,959 16:35:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Phono Recrds,audio Tape,disk 0 -5.5M -0.0304 -1.81 9.95M
Cadence Minerals Plc is listed in the Phono Recrds,audio Tape,disk sector of the London Stock Exchange with ticker KDNC. The last closing price for Cadence Minerals was 5.25p. Over the last year, Cadence Minerals shares have traded in a share price range of 4.50p to 10.75p.

Cadence Minerals currently has 180,971,037 shares in issue. The market capitalisation of Cadence Minerals is £9.95 million. Cadence Minerals has a price to earnings ratio (PE ratio) of -1.81.

Cadence Minerals Share Discussion Threads

Showing 2926 to 2948 of 3650 messages
Chat Pages: Latest  122  121  120  119  118  117  116  115  114  113  112  111  Older
DateSubjectAuthorDiscuss
19/2/2021
16:21
Well worth watching!
fhmktg
19/2/2021
12:47
Kiran interview today, listen from 2 min 31s, sounds like a settlement in principle with the bank creditors. Great news.
golden prospect
19/2/2021
11:36
'Greening' of economy to blame for Texas power outages as half its wind turbines freeze solid during winter storm
Irina Slav
Poilprice.com
Tue, 16 Feb 2021 19:59 UTC
wind turbines winter snow

Great job, Greenies, Govts.
The message that we need to electrify everything that currently uses fossil fuels to generate energy has become the dominant message of the energy transition. Solar, wind, and energy storage — perhaps with the help of hydropower and some nuclear — can handle the energy needs of mankind, the argument goes, and do it with a much lower carbon footprint.

Yet, the Arctic cold wave that is sweeping across the United States has seriously undermined this argument.

Natural gas prices exploded last week in many parts of the U.S. and are still rising higher, as are electricity prices. In Texas, a state unaccustomed to such weather, wholesale electricity prices hit $9,000 per MWh on the spot market, prompting at least one retail power supplier to urge its clients to switch to another provider to avoid huge utility bills.

Blackouts are now a fact, with two million households across Texas without power at the time of writing. Authorities, meanwhile, are urging people to conserve energy by limiting their consumption. ERCOT has said the blackouts will be rolling, lasting for 45 minutes per area. This may not be a lot, but it does indicate the presence of a problem.

Texas, the Wind Capital of the US

Texas is the biggest producer of wind energy in the United States.

Unfortunately, the state saw half of its wind turbines frozen by the icy winds blowing from Canada to parts of the US that were unaccustomed to such temperatures. Of a total 25 GW in wind power capacity, 12 GW were knocked out by the freezing spell. At the same time, there is a shortage of natural gas, likely because of the sudden spike in demand. And it could get worse.

The cold spell has hit the oil and gas industry in Texas as well. Oil wells are being shuttered, and refineries are being shut down amid the blackouts caused by the deep freeze and a shortage of gas. Pipeline operations have also been affected by the blackouts, which could compromise gas supply further.

"Attempting to electrify everything would concentrate our energy risks on an electricity grid that is already breaking under the surge in demand caused by the crazy cold weather," wrote veteran energy journalist Robert Bryce in an article for Forbes this week. The current weather situation, Bryce said, shows very well why it would be highly risky to put all our eggs, as it were, in the electricity basket. If we electrified everything, he argued, it will be only a matter of time before a much more serious blackout hits.

Indeed, a blackout of massive proportions almost hit Europe earlier this year. The fact that the catastrophe was avoided was lucky, but the event highlighted two problems: over-reliance on intermittent solar and wind power, and a possibly excessive interconnectedness of the continent's national grids.

Cost of Electrification

Speaking of Europe, its solar power production has dropped to zero these days. No country except Slovenia is producing solar power right now, and Slovenia's production is a meager less than 1 percent of its total generation. Wind power is going strong in most of Europe, but solar is out.

In Sweden, even wind power production is low because wind activity is low. So Sweden, which has ambitions to become all-renewable by 2040, is seeing a jump in electricity prices to the highest since 2011 and is urging people to conserve energy by reducing their consumption. Incidentally, it is also importing electricity from countries such as Poland and Lithuania, which generate it from coal, compromising Sweden's green commitment.

This is telling us — in no uncertain terms — that the lack of diversification is the opposite of wise. It is as true of electricity supply as it is of economies and businesses. Total electrification and the shutting out of fossil fuels completely will mean blackouts. It's as simple as that.

Because while the energy generated by the Sun and the wind comes free, it cannot be summoned when you need it, and even combined with energy storage, it will be insufficient. That's what fossil fuels are for.

Incidentally, a report from last year forecast that the Earth was entering a cooling period because of a phenomenon called a Grand Solar Minimum that could last until 2053 and lead to a "noticeable reduction of terrestrial temperature.

johncasey
19/2/2021
09:05
Have we got a vessel to watch yet?
😊

mr.oz
19/2/2021
09:02
Anyone watch the TV program last night - on Petrol V Electric cars?Basically going to be a massive requirement for Lithium!Looks good for KDNC
urchin1
19/2/2021
08:56
KDNC look in transformational shape. Market asleep imo
golden prospect
19/2/2021
08:56
So, does kdnc own 20% of Amapa, or not?
divmad
19/2/2021
08:49
Great news. Start the ship watching. We obviously need KDNC to make the signing with DEV, but all going in the right direction.
golden prospect
19/2/2021
08:24
I’ve added a few this morning

Gla

andyview
19/2/2021
08:19
40p on its way. Fantastic news
letmepass
18/2/2021
11:39
Folk await confirmation, but with the right news it will be a rocket re-rate
golden prospect
18/2/2021
10:42
Thanks to the LSE site

Feels like a green light, market asleep

golden prospect
17/2/2021
21:10
Green Folly: Berlin city's e-buses ground to halt due cold weather
P. Gosselin
No Tricks Zone
Wed, 17 Feb 2021 19:44 UTC
Germany's capital Berlin was forced to replace some of its electric buses with diesel buses due to range problems associated with the cold weather.

Berlin's E-bus
© Robert Radke, CC BY-SA 4.0
Berlin. Germany’s fleet of e-buses had a hard time coping with the recent cold weather as dozens had to be replaced by diesel powered buses.
The cold weather worldwide is exposing the weakness of green energies and transportation systems based on them. For example Texas has seen millions of people impacted by rolling blackouts due to solar panels being covered by snow and wind turbines being frozen still.

The extremely cold weather has also led to transport disruptions all over Germany. One example is Berlin, Germany's fleet of electric city buses.

23 e-buses had to be taken out of service

The Berliner Morgenpost reported some of the green electric buses operated by the Berliner Verkehrsbetriebe (BVG) had been taken out service due to range problems in the extremely cold weather. Up to 23 electric buses had to be replaced by diesel-powered buses last Monday. Ultimately the German capital plans to convert its entire fleet to electric by 2030.

Hat-tip. Die Welt

According to internal memos provided to the Berliner Morgenpost daily, the very cold temperatures were too much for the electric buses' batteries because so much power was needed for heating. A portion of the electric buses were substituted by diesel buses overnight because they no longer had enough power to complete their planned routes.

BVG spokeswoman Petra Nelken confirmed that the twelve-meter-long Solaris e-bus was not able to cope well with the cold. "According to the procurement contract and the specifications, they are supposed to be able to drive 130 kilometers even at minus 10 degrees Celsius, but not all of them made it," she said.

The inadequate e-buses were replaced by diesel powered buses, which can reliably travel hundreds of kilometers before needing to be refueled.

Altogether 23 buses of the 123 electric bus fleet were taken out of service, thus creating delays and forcing passengers to wait out in the cold at bus stops.

When asked by WELT, Nelken also emphasized that the buses were often not completely out of service, but only had to return to the depot (and to the charging) earlier than usual.

johncasey
17/2/2021
21:08
Green Folly: Berlin city's e-buses ground to halt due cold weather
P. Gosselin
No Tricks Zone
Wed, 17 Feb 2021 19:44 UTC
Germany's capital Berlin was forced to replace some of its electric buses with diesel buses due to range problems associated with the cold weather.

Berlin's E-bus
© Robert Radke, CC BY-SA 4.0
Berlin. Germany’s fleet of e-buses had a hard time coping with the recent cold weather as dozens had to be replaced by diesel powered buses.
The cold weather worldwide is exposing the weakness of green energies and transportation systems based on them. For example Texas has seen millions of people impacted by rolling blackouts due to solar panels being covered by snow and wind turbines being frozen still.

The extremely cold weather has also led to transport disruptions all over Germany. One example is Berlin, Germany's fleet of electric city buses.

23 e-buses had to be taken out of service

The Berliner Morgenpost reported some of the green electric buses operated by the Berliner Verkehrsbetriebe (BVG) had been taken out service due to range problems in the extremely cold weather. Up to 23 electric buses had to be replaced by diesel-powered buses last Monday. Ultimately the German capital plans to convert its entire fleet to electric by 2030.

Hat-tip. Die Welt

According to internal memos provided to the Berliner Morgenpost daily, the very cold temperatures were too much for the electric buses' batteries because so much power was needed for heating. A portion of the electric buses were substituted by diesel buses overnight because they no longer had enough power to complete their planned routes.

BVG spokeswoman Petra Nelken confirmed that the twelve-meter-long Solaris e-bus was not able to cope well with the cold. "According to the procurement contract and the specifications, they are supposed to be able to drive 130 kilometers even at minus 10 degrees Celsius, but not all of them made it," she said.

The inadequate e-buses were replaced by diesel powered buses, which can reliably travel hundreds of kilometers before needing to be refueled.

Altogether 23 buses of the 123 electric bus fleet were taken out of service, thus creating delays and forcing passengers to wait out in the cold at bus stops.

When asked by WELT, Nelken also emphasized that the buses were often not completely out of service, but only had to return to the depot (and to the charging) earlier than usual.

johncasey
17/2/2021
11:58
Scoobydoo321

Price: 19.00

Strong Buy

Rare Earth - 30% JV in YangjibanaToday 11:14
I'm not a mining expert - but I will give this go to ascertain the size of reserves at Yangjibana.

First - Hastings Tech - listed on Asx - total MV circa £164 mn. They have been drilling Yanjibana since 2014.

Now
Per hxxps://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/
The total reserves at Yanjibana which are under the JV arrangement with Cadence's interest is stated here.
The probable ore reserves of rare earth are 2,074,000 tonnes.
BUT
Per latest Accounts of Hastings - hxxps://www.investi.com.au/api/announcements/has/ba142d5c.pdf
The reserves stated on Cadence's website HAVE BEEN SUPERCEDED with new estimates which are circa 13% MORE (assuming the 13% is spread evenly across all reserves)*.
So Probable Ore Reserves within tenements held 30% by Cadence are : 2,074,000 x 13% = 2,343,620 tonnes
With 0.43% ND2O3+PR6O11.
Now in terms of monetary valuation - can someone know?

* Per Hastings accounts - @In November 2019, an updated JORC Mineral Resource estimation was completed by independent consultant David Princep from Gill Lane Consulting, incorporating all known drilling results from Bald Hill, Fraser’s, Auer and Auer North, Yangibana and Yangibana North deposits. A complete geological re-interpretation was completed which defined thicker and more coherent zones of mineralisation based on Total Rare Earths Oxide (TREO) as opposed to the previous interpretation which used only Neodymium and Praseodymium (Nd2O3+Pr6O11).
The mineral resource update resulted in 13% more, or 1.7 million tonnes (Mt) increase, in Measured and Indicated tonnes
to 15.40Mt @ 1.12% TREO."

johncasey
17/2/2021
09:41
i-noticed-hastings-up-20%-today-in-aus-record-nuber-shares-traded
johncasey
17/2/2021
08:26
KDNC value in EMH is £15m (19,747,740 * £0.76)

Could be the run to £1, hope KDNC find further exits

golden prospect
16/2/2021
17:26
News due if 1 week rule applies
golden prospect
13/2/2021
03:00
https://www.mining.com/web/jp-morgan-sees-commodity-supercycle-already-kicking-off/
robertjbeck
12/2/2021
22:07
Good luck both
onsideman
12/2/2021
21:11
I’m with blue sky, invested here a while back then it dawned on me this was no better than any individual stock picker buying into early expl.s and watching as dilution erodes any value. But...Amapa does look rather interesting,and maybe just like a punter with a portfolio of chancers they’ve found a winner amongst all the outsiders. I’ve dipped my toe in at the low teens and willing to see where this goes...dyor etc
diesel
12/2/2021
19:15
Onsideman that is a perfect example of a stale bull and the perfect opportunity for a newbie. Are you really sure that things haven't changed? I am not. I used to hear these arguments on BOOM, true, a lot of pain for some,5+ years worth, but it's not no pain no gain, just the dream starts to become reality. For me this week was a significant step, but of course more steps needed - going in the right direction though.Look forward not backwards!! GLA.
bbluesky
12/2/2021
18:49
That's kind of my point.
We're 15 (FIFTEEN) years down the line here and nothing changes. Goalposts move, new directions, new dreams, new aspirations and new investors (gamblers) buy in (both figuratively and literally). Rinse and repeat.

onsideman
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