Cadence Minerals Share Discussion Threads

[jimb2] 05/6/2021 20:52

no way, Germany will have an energy mix- major investor in hydrogen.

Wind will be used to produce hydrogen - stored for heating in colder conditions -



wind and solar costs continue to fall and in the interim blue hydrogen will also be a means of fueling heating.

[johncasey] 05/6/2021 15:31

and keep an eye on australia next week...some very cold weather there due

[fhmktg] 03/6/2021 08:36

Tesla to splash $1bn a year on rare minerals from Australia for its electric car batteries Positive for Yangibana?

[ray of sunshine] 17/5/2021 21:10

jimb2 you never filter me , you always want to know what I’m upto :) it’s all good if everything goes to plan here il have 15 bagged or more, hows the hut at the bottom of the garden :) hope your well and look forward to sharing information with you :)

[jimb2] 17/5/2021 20:20

I'm very well Rayofsunshine, far better off than you since you sold 8,190 shares in KDNC that prompted me to add further and so another 50,000 added to my existing holding at 17p upward.

If I recall you sold at 17p to buy a bottle of champagne so a trading loss of £936, you have also shorted £10k and expect to get in a 7p.

You have been removed from London South East under this name and several others - now finally you are filtered here also'

[ray of sunshine] 16/5/2021 17:48

Hopefully a very good week for kdnc coming up, £1 pound in coming, hi to jimb2 as well how you doing my old pal :)

[odsjp] 15/5/2021 15:38

getfreestuff

Thanks. I know it is an old picture and the ship docked in the picture was not the Medi Brisbane but the 2nd picture was from MarineTraffic which is real time and had been looking to see if anything was docking for a week or so, so I knew it was the same dock.

What I didn't know, is that what was stored at the dock was woodchips so will take a look at your image (thanks for that) and look to post a picture from google maps of the stockpile. I know that the details on the googlemaps picture could be say five or even ten years old but I would expect the iron ore to be visible.

I also tracked (on the left of the first picture), the train track back to the Amapa iron ore itself via google maps. It took some time but their does appear to be an open pit mine close to the end of the line.

[getfreestuff] 15/5/2021 08:28

odsjp #3054
That is an old picture on Google Maps, the ship that is docked is not Medi Brisbane. But it is the correct dock, and DEV has to truck the iron ore from where it is stockpiled, north of the private port (see hxxps://what3words.com/removal.trail.dominate).
The light-coloured stockpiles at the right of your picture are wood-chip.

[biglad1] 14/5/2021 11:24

what about Lithium?

[diesel] 14/5/2021 10:38

The share price here has risen 10x, driven by Amapa and EMH, but the latter has fallen 30% in the last few weeks but this is forging ahead. Clearly the market is recognising the value in the Amapa project and as it de-risks further then this will keep pushing higher.

[diesel] 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!

[odsjp] 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.

[diesel] 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.

[odsjp] 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

[dragon35] 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.

[dmitribollokov] 10/5/2021 10:02

They need sign off from the courts

[r9505571] 10/5/2021 10:01

But surely when all creditors are paid they will have a free rein here?

[dmitribollokov] 10/5/2021 09:56

They're only allowed to sell enough of it to generate $10m profit atm.

[r9505571] 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?