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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
  0.00 0.0% 21.00 20.50 21.50 21.50 20.75 21.00 549,302 14:34:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.3 -2.5 - 31

Cadence Minerals Share Discussion Threads

Showing 3076 to 3098 of 3175 messages
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DateSubjectAuthorDiscuss
13/5/2021
11:29
ODSJP, exactly there is real value here and relatively near term. The only difficulty with valuation is the deal they will probably make with the bank creditors, might involve them taking a stake or expecting some long term return. Which ever way you look at it Cadence are involved in a major investment that could make them worth considerably more than at present!
diesel
13/5/2021
11:23
From the Cadence website... "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)". If you look at the historic iron ore prices for 2012 it had a low of $100/tonne and a high of $150/tonne with iron ore currently at an all time high of $225/tonne When we get the 27% interest our share based on 2012 values will be worth $324M (so 231M GBP). Even if you look at the impaired value our 27% interest would be $162M (so £115M). All of this is multiples of our current market cap. When the settlement agreement is signed I would expect this to rerate.
odsjp
10/5/2021
14:03
I’m presuming that the negotiations with the bank creditors will see some further settlement. However, most of the speculative issues have historically been removed. Resource, infrastructure, political environment, operational unknowns all with a healthy iron ore market. Any further funding that may be required to bring this into operation can be done with debt, I see no need for dilution.
diesel
10/5/2021
10:34
From the 29th March RNS they mention that there is approx 1.39Mt to iron ore stored at the port ready to go but as Dmitri said they can only sell enough at the mo to realise a $10m profit. Iron ore has just hit $225/tonne 1.39Mt*225 = $312M reedy to be shipped. They mention in todays RNS that they have engaged SGS Brazil to re-assay the stockpiles. Even if it turns out to be less then the 1.39Mt (less amount already shipped) we are looking at $250M at todays price. This should go a long way to help get Amapa operational again
odsjp
10/5/2021
10:32
They have 1.3mt ready to go and this will theoretically pay for the mine enabling works and studies so it should be virtually debt free upon re opening. At today's prices it could have a project NPV in excess of $2.5bn so even 20% ownership is good compared to current market cap.
dragon35
10/5/2021
10:02
They need sign off from the courts
dmitribollokov
10/5/2021
10:01
But surely when all creditors are paid they will have a free rein here?
r9505571
10/5/2021
09:56
They're only allowed to sell enough of it to generate $10m profit atm.
dmitribollokov
10/5/2021
09:43
The historic mine plan would mean that the Amapá Project would produce at steady-state production an estimated 4.4 Mt of 65% Fe and 0.9 Mt of 62% Fe per annum for approximately 14 years. Anyone know what they have stockpiled and ready to go?
r9505571
10/5/2021
09:09
This has to fly...the chart alone looks like it wants to break to 0.4+, with the news too, it should easily...
dmitribollokov
10/5/2021
07:49
good week ahead
middlesboroughfc
10/5/2021
07:43
brilliant news!
johncasey
10/5/2021
07:37
10 May 2021 Cadence Minerals Plc ("Cadence Minerals", "Cadence" or "the Company") Second Iron Ore Shipment & Operational Update from the Amapa Project Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an operational update on the Amapa, Iron Ore Project, Brazil ("Amapa Project"). Highlights: -- Shipping continues at pace - DEV Mineração S.A. ("DEV") has shipped and sold the second batch of iron ore from the stockpiles. -- The loading of the 48,670 wet tonnes of iron ore sinter fines (approx. 58% Fe) at Companhia Docas de Santana ("CDSA") was carried out in record time. -- R$7.5 million deposited into the judicial account, to be utilised to pay ex-employees and small creditors -- The remainder of the profit from the first shipment is being utilised as per the Approved Court Petition -- Key personnel have been engaged, including the head of shipping operations and the previous general manager of mine operations. -- Re-instatement of operating licenses is progressing with a focus on DEV's private port concession....
someuwin
10/5/2021
06:36
Iron Ore Turns ‘Very Hot’ as 10% Surge Adds to Commodities Boom Bloomberg News Bookmark May 10 2021, 6:22 AM May 10 2021, 11:00 AM (Bloomberg) -- Iron ore futures leaped higher as trading opened on Monday, extending a record run amid rampant Chinese demand and a wider surge in commodity prices as the global economy recovers. Futures in Singapore jumped more than 10% to hit a fresh record high o Read more at: [...]
johncasey
10/5/2021
06:33
iron ore price up 7%...whats caused this spike?
johncasey
08/5/2021
13:07
We should be due an update soon on the next load of iron ore leaving SANTANA. On their 29th March RNS they mentioned they were preparing the next shipment. I have had a look on marine traffic website and there is a bulk carrier (Medi Brisbane) leaving the port soon heading for Port Elizabeth South Africa but can not find out the cargo. I have checked google maps (1st picture) and you can see the ship is moored very close to what I presume is the iron ore. Cadence mention that there are 1.3M tonnes at the port (it has been there for years) so can only assume that is what we are looking at in the right part of the picture. In the left part you can see the rail track which is where the iron ore will ultimately be shipped to if the mine becomes operational again and it has its own port. Interesting stuff. I am hoping for an RNS sometime Monday or Tuesday...
odsjp
07/5/2021
17:34
Jim, my point was the tenements that Cadence have an interest in are not part of the first 19 years of mine production!
diesel
07/5/2021
12:10
diesel, Sonora is cheaper and quicker to produce, I don't believe the production figure we have are realistic, add to that the concerns over lithium production in the triangle and Sonora looks strategically of global importance to Ganfeng. hTTp://www.asianmetal.com/news/data/1665396/7/Shanghai%20Ganfeng%20to%20acquire%20Bacanora After the deal is finished, Bacanora will accelerate its efforts to put Sonora lithium clay project into production.
jimb2
07/5/2021
08:46
Iron ore has reached a record of $200/tonne. Amapa is looking better and better hTTps://www.theguardian.com/business/live/2021/may/07/iron-ore-copper-record-highs-global-recovery-china-trade-us-jobs-report-hopes-business-live
odsjp
06/5/2021
20:21
Very difficult to know exactly what Cadence has here, they always talk of their concessions as being a part of the 20 year mine life, but the La Ventana concessions which are not part of Cadences ownership accounts for 19 years of the mine life. If that is the case it will be a long time before any value is realised from this investment. Amapa is the interesting one for me and European Holdings is obviously very attractive, politically secure, strategically central and operationally straightforward.
diesel
06/5/2021
16:19
In my notes it is 30% of the extension area. I noted it as far out value so I don't think there is any monetary impact in the short term. If it means development pushes ahead, potentially faster, then it potentially starts to have value. I'm happy to be corrected as Cadence is not my most researched holding.
hpcg
06/5/2021
13:50
How much BCN do KDNC still own directly ?
adobbing
06/5/2021
12:33
Bcn offer at 50% premium
bean02
Chat Pages: 127  126  125  124  123  122  121  120  119  118  117  116  Older
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