Cadence Minerals Share Discussion Threads

[rossowheels] 21/9/2021 16:19

Market capitalisation now £27m. Must be worth a punt?

[dragon35] 21/9/2021 10:30

With shipping prices stated in their last rns to be upto $90/te and the costs of running the mine etc on top it must need Iron Ore close to $120/$130te to break even. This type of risk might explain why it was impaired and parked years ago? Iron ore will need demand on a scale sufficient to maintain $140/te pricing so I believe this is a significant risk.

[bbluesky] 21/9/2021 09:39

Doomsters, short termers and panickers! Must be close to a bottom. The Iron Ore price is simply being manipulated by the Chinese Authorities,which you can of course do for a while, but reminds me of King Canute. The demand tide is against them with global growth and in particular global infrastructurethe the bigger picture.

[diesel] 21/9/2021 09:09

Yup, the price of iron ore has halved in 3 months, and DJ is right apart from EMH there is little value, near to medium term,in their portfolio. If Amapa does get signed off then there is still considerable value here, but it’s been a year with little progress, perhaps a falling ore value will help seal the deal, but there again it could all just come to nothing…

[onsideman] 21/9/2021 07:49

Tit or not, some of the points raised are irrefutable. Kicking myself (not for the first time here) for not cutting losses and getting out at 30p

[lyceeuk] 21/9/2021 00:08

EX holder so focused off

[djfrankie2] 20/9/2021 23:29

The markets clearly dont like whats going on here my prediction was back to 12p if Amapa fails that did seem a bit harsh at the time and here we are 19/20 so probably spot on , this business of Ore falling in price is massively relevant.
I personally think KDNC apart from their EMH valuation is a lame duck , the real value only in their 10pc of EMH then the real value will come when EMH start drilling thats a couple of years off all hoping KDNC dont sell more EMH to stay afloat the other holdings apart from MCCArthur again imo worthless until and IF a bid is made .
I find it comical seeing the ridiculous valuations on LSE my view Amapa will probably not happen for a long time thats if it ever does and if it does happen cash call which will wipe out any price surge.
I am an EX holder once bitten once shy i am seeing the usual traits coming back so beware

[dragon35] 20/9/2021 17:34

They own about 1% MacArthur as per the rns releases. Big issue is whether Amapa is profitable at these prices with shipping costs so high. It is either a bargain right now or a liability depending on your view of shipping costs and iron prices I guess.

[hooded claw] 20/9/2021 15:58

urchin110 Sep '21 - 07:42 - 3135 of 3140
0 0 0
KDNC own 1% of MacArthur I believe !
Not sure what that equates to!

============

Urchin, pretty sure it is 10%

[dragon35] 20/9/2021 13:41

I think the drop is overdone but the cost of shipping iron ore at $90/te stated in the last rns leaves no profit for kdnc at today's prices. How long do we think shipping prices will stay this high as it's got to be a big factor right now?

[diesel] 14/9/2021 09:14

Maybe a falling iron ore price may focus the banks in passing this asset on….

[divmad] 14/9/2021 07:40

And what if this one bank can hold things up indefinitely? Or at least until Kdnc blinks and the banks take the asset over.

[dragon35] 13/9/2021 13:56

What I like now is that RSI is oversold so when Amapa news lands this has loads of room to go up. One bank holding up a $1bn NPV plus project is to say the least frustrating!!

[urchin1] 10/9/2021 07:42

KDNC own 1% of MacArthur I believe !Not sure what that equates to!

[johncasey] 10/9/2021 06:54

kdnc's market cap looks cheap £30m

[johncasey] 10/9/2021 06:54

macarthur up 26% in aus

[onsideman] 09/9/2021 09:33

Feels like something is rotten in Denmark

[djfrankie2] 06/9/2021 17:45

KDNC wont get anything from sale of BCN they own a part that may never be bought or bought for peanuts they have 10% EMH and thats it if Amapa fails back to 12p if Amapa goes through there will be so many bailing out i couldnt put a bottom on it , will be an interesting day, personally i think if Amapa goes through massive cash call either way make sure you dont leave your PC from 8am - 4.30 Mon to Fri.. I am not a holder i dont have the balls..

[fhmktg] 06/9/2021 11:56

Spring is coming down Amazon way....time or the bankers to agree the money issues, then Amapa can move forward.Unless there is a poker game to try for a better deal?

[fhmktg] 26/8/2021 11:01

Bacanora sale to Ganfeng looks as if it's going through according to the Torygraph.Should put some cash flow into Cadence's pocket to develop Amapa?

[urchin1] 20/8/2021 13:51

8days since the last postVery unfair these have been walked down from 30pTime to add a few more!

[johncasey] 12/8/2021 18:39

but you could have bought in last year at 5p so musnt grumble

[johncasey] 12/8/2021 18:38

perverse..mms have a downer on it for some reason