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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
  -2.25 -10.71% 18.75 18.50 19.00 21.00 18.75 21.00 1,772,262 15:24:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.3 -2.5 - 28

Cadence Minerals Share Discussion Threads

Showing 2976 to 2999 of 3175 messages
Chat Pages: 127  126  125  124  123  122  121  120  119  118  117  116  Older
DateSubjectAuthorDiscuss
29/3/2021
08:40
1.39Mt of ore at the port at $167.05 = $232M
odsjp
29/3/2021
08:34
I imagine cashflow at least $5m? But does anyone know how they will define 'profit'? This will determine how much more they can ship - up to $10m profit.
swanvesta
29/3/2021
08:21
The true bottom line, IMHO, is 'credibility & viability'!
soggy
29/3/2021
08:18
Cargo worth $7.5 million any idea what the net value could be?
fhmktg
29/3/2021
08:04
There can be no doubt it will be transformational when 20% stake achieved.
golden prospect
29/3/2021
07:52
Surely the market will like it - our back can be relieved of several monkeys with this - finally, an actual gateway to money coming in and creditors satisfied and a routemap to getting back to 'normal' business. What's not to like..? Then again, judging by the lack of posts in this BB (and I checked to see if someone had set another one up and that was where all the action was!) perhaps the market doesn't really care bout this company any more.... They should! This is now actually, really, honestly, truly - making money. Let the good times roll - indeed!
soggy
29/3/2021
07:42
Strange that there was so much speculation about, and tracking of what was supposed to be the ship taking the first load from amapa months ago, yet no-one spotted this one! How will market react?
bosbus
29/3/2021
07:38
Shocked!Had to sit down and catch my breath.
fhmktg
29/3/2021
07:38
yes, well done to achieve 1st shipment - but not yet with 20% holding in project
golden prospect
29/3/2021
07:30
alleluyah!
johncasey
29/3/2021
07:20
Gosh, this board has gone silent! Am I the only one left in...? RNS out, 1st Amapa shipment since 2015. Surely there's some info here worth chatting about on this board??? Let the good times roll! Inaugural Shipment of Iron Ore from the Amapa Iron Ore Project, Brazil Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A's ("DEV") has commenced the shipment of the iron ore stockpiles from Santana, Amapa, Brazil. This shipment was approved via a court petition (details of which can be found here ) and represents the first shipment of Iron Ore from this asset since its closure in 2015. Highlights: -- The first shipment of 45,000 tonnes of iron ore from the Amapa Iron Ore Project has commenced -- The vessel is currently loading and is due to sail this week -- Iron Ore 62% Fe, CFR China at US$167.05 per tonne (26/02/2021) -- Approximately 1.39Mt of iron ore currently stockpiled as DEV's wholly-owned port -- Operations are continuing in Brazil to prepare for the next shipment On 19 February 2021, the State of São Paulo Upper Court published the ruling allowing DEV to export sufficient iron ore to realise a US$10 million profit. Soon after, operations restarted moving material from DEV's wholly-owned port to Docas De Santana some 2 km away. DEV worked with Indo Sino Pty Ltd ("Indo Sino") and Cadence to start operations, charter a vessel and carry out a competitive bid process for the cargo. The buyer is one of the world's largest globally diversified natural resource companies and a major producer and marketer of commodities. The first portion of the net revenues shall be used to pay historic small and employee creditors (US$2.5 million), after which approximately US$ 6 million of the net revenues will be used to begin recommissioning studies on the Amapa Iron Ore Project. The remaining net revenues will be used to provide working capital for the operations and payment against the outstanding amount due to the Bank Creditors. Operations continue at the port in preparation for the next shipment, and at the mine, security has been put in place and tailing dam maintenance has commenced. Settlement of Bank Creditors In early September 2020, we announced that DEV Mineração S.A's ("DEV"), Cadence and Indo Sino Pty Ltd ("the Investors") agreed in principle to the settlement terms proposed by the secured bank creditors ("Bank Creditors"). Detailed discussions and drafting of the legal documents continue. Positive steps have been made, and we believe all parties are aligned to complete and execute this agreement. The execution of a settlement agreement with the Bank Creditors would represent the satisfaction of Cadence's remaining major precondition to make its initial 20% investment in the Amapa Project. On completion of the conditions and the release of the Cadence escrow monies, Cadence will become a 20% shareholder in the Amapá Project via our joint venture company, which will own 99.9% of DEV. Further announcements will be made concerning the Settlement once available. Cadence Chairman Andrew Suckling commented; "I would once again like to put on record my sincere thanks and gratitude for the tireless efforts by Cadence management, IndoSino and DEV and advisors to bring the project to fruition. This inaugural iron ore shipment brings Amapá back to life, and in time we expect the mine and infrastructure to play a key role in helping to regenerate the regional economy, with all the employment, health and educational benefits that will bring to this part of Brazil." "Despite the severe disruption created by COVID-19, management has remained focused on delivering the Amapa project as planned, all the while supported by a robust iron ore market that continues to justify the opportunity. Throughout, our primary concern has been to ensure the safety and wellbeing of all our staff, and we continue to maximise our efforts to ensure that employees, shareholders, contractors and their families continue to remain safe and secure through these challenging times." Cadence CEO Kiran Morzaria commented: "The first iron ore shipment from Amapa since 2015 and the resultant earnings represent a milestone of huge significance, both for our board and team who have worked so hard to bring the project back to life and for the potential opportunities and benefits it will bring to the wider Amapa community." "As regards the secured bank creditors, we believe all parties are aligned to complete and execute the agreement which will see Cadence become a 20% shareholder in Amapa. I look forward to updating you on further developments as we move to complete the final stage of phase 1 of our Amapa investment plan."
soggy
16/3/2021
12:18
The lag is your friend - Gives us a chance to buy in before the Sp reacts..
dubjon
16/3/2021
09:55
KDNC eventually reacting to EMH's share price price!
urchin1
15/3/2021
21:21
Hopefully it will follow. Always seems to track a few days later I am wondering if the EMH rise is due to the article below? That Lithium needs to come from somewhere and it is good that it is on the doorstep. Https://www.cnbc.com/2021/03/15/vw-to-ramp-up-battery-production-with-six-gigafactories-in-europe-.html
odsjp
15/3/2021
21:06
That was my assumption on first glance as well knowing our Cadence's track record. Pity EMH rise has not added a few more pence on the share price here.
cyfalafwr
15/3/2021
20:32
Apologies did not read the whole RNS and assumed KDNC had sold a few. Still our share of EMH is worth £19M, not too shabby.
odsjp
15/3/2021
18:15
From today's RNS On 4/03/2021 and as a result of the issue of 2,735,880 shares in European Metals Holdings Limited, Cadence Minerals PLC voting rights decreased to 10.84%.
cyfalafwr
15/3/2021
18:11
Have they raised money or does the new %age reflect the recent dilution of EMH?
cyfalafwr
15/3/2021
17:27
Golden Prospect's post (2903) on 17/02 mentioned KDNC had some 19,747,740 shares valued at 76p each and it was worth £15M. Today we have received notification that we have sold some (789,157) and at COB our remaining 18,958,583 shares are £1.025 each and that is work £19.4M. So we have raised around £750K and our holding in EMH I still worth £4.4M more!!! Ironically on 17/02 our share price was 19.35p and now it is 18.5p Go figure!!! I have our market cap at £27M so Amapa and all other investments are valued at less then £8M. When we get the Amapa RNS maybe we will get the rerate we all expect.
odsjp
15/3/2021
16:23
10.84% according to today's RNS .Worth a bit more money with today's rise.
cyfalafwr
15/3/2021
14:38
What's KDNC's % holding in EMH?
urchin1
15/3/2021
09:06
mms are blind or crooks..i think i know which one
johncasey
15/3/2021
08:54
This share should be 25p minimum!
urchin1
15/3/2021
08:07
EMH at 97p, hope KDNC are getting some away
golden prospect
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