Cadence Minerals Share Discussion Threads

[edwardsj] 29/10/2021 09:18

Hmm maybe not

[edwardsj] 28/10/2021 21:50

Looks like we might get news Friday - the news we've been waiting for

[bean02] 20/10/2021 11:52

Only £500 on offer

[diesel] 13/10/2021 11:23

There has been selling pressure there of late, often the true market effect of such news is delayed as any buying interest facilitates clearing the sellers.

[djfrankie2] 13/10/2021 10:57

I would have expected at leat 10 percent rise on the EMH RNS lots selling out of EMH strange

[djfrankie2] 12/10/2021 22:41

Labour costs in Brazil are lower that will help with expenditure no comparison to Venture Minerals , Cadence also has other interests globally , these are exceptional times for Cadence and of course its investors this is the time to buy and hold an easy 300% to be had this year i expect 60p by year end 1.50 longer term our investments are coming to fruitition.

[berrymanl200] 12/10/2021 09:57

Yesterday's RNS is the unlocking of rapid progress. The long pause in progress has been broken expect it to move swiftly.

[rossowheels] 11/10/2021 14:13

This is transformational!

[octopus100] 11/10/2021 12:00

This mine wont be up and running for a while - by then the shipping costs will have stabilised and mine will def be profitable.

[rossowheels] 11/10/2021 11:11

Need to look to the future!

[bean02] 11/10/2021 09:57

Boom time :-D

[stockhunters] 11/10/2021 09:53

previously valued at over $600million

hmmm

[bad gateway] 11/10/2021 09:06

Does seem to be an issue..

‘Iron ore prices decline and rapid rise in shipping rates’ – another iron ore miner halts operations

in Commodity News,Dry Bulk Market 04/10/2021

After Venture Minerals (ASX:VMS) announced on September 17 that it is temporarily halting iron ore shipments from its Riley iron ore mine in Tasmania due to the metal’s recent precipitous fall, another miner followed suit.

Mount Gibson Iron Limited said today that given recent significant adverse movements in iron ore prices, product discounting and shipping freight
rates, the company will implement a staged suspension of operations at the Shine mine site, located in the Mid-West and at Koolan Island in the Kimberley region of Western Australia.

The operation will continue ore mining and processing over the next month to facilitate a shipment around the end of October, following which the site will be placed on “care and maintenance” pending an improvement in iron ore market conditions, the company said in its statement.

“This is a disappointing decision for the company given that the Shine mine is in its first year of operation,” the company commented. “However, this is the commercially sensible course of action in order to reduce expenditure and preserve the value of the deposit, as well as to provide time to assess the outlook for the iron ore market.”

Mount Gibson explained that the substantial recent decline in iron ore prices has been exacerbated by a significant widening of discounts and penalties for medium and lower grade iron ore products, a rapid rise in shipping freight rates from Geraldton Port (from under US$15 per tonne shipped to China to over US$30 per tonne currently), and relatively high road transportation costs in the Mid-West given the distances involved.

Mount Gibson said it will retain a core team to keep the site secure and in good standing to enable activity to be promptly restarted should market conditions permit, and will also seek to redeploy some employees to available roles at its Koolan Island operations.

“In light of the planned suspension of operations at Shine, sales guidance for the site is withdrawn for the 2021/22 financial year,” the company added.
Source: Kitco News, By Vladimir Baso

[divmad] 11/10/2021 08:44

Care to elaborate on that?

[diesel] 11/10/2021 08:29

Great news, but right now shipping costs more than I/O price.

[mdchand] 11/10/2021 08:06

Credit committee approval confirmed :-)

Now what is 20% (or 27%) of Amapa again............

[fhmktg] 30/9/2021 23:34

Kieran is off to Brazil, looking at the progress of all the stages of project planning.All positive, I'm sure.Interesting that it is Indian bank processes that are holding up the deal being signed, heaven help us!

[djfrankie2] 30/9/2021 20:54

Fhmktg it wont be anywhere near a year , Ive been a little dispondant in KDNC in the past , after the last couple of videos i am now confident this Amapa deal will be filled and have bought shares over the last week .
I am adopting the theory better in than out KDNC are trading at their net asset value
so buying at these levels is safe with no Amapa priced in , our lithium assets were always good the Amapa deal was the icing oin the cake..

[divmad] 30/9/2021 20:30

Excuse for some to sell.

[fhmktg] 30/9/2021 10:14

Just watched. Confident as always.Pop the shares away and come back in year.This is one of my gambling stocks, so patience needed.

[urchin1] 30/9/2021 09:16

Anyone watch the video?Your thoughts please!

[shark fund] 22/9/2021 15:06

https://youtu.be/KMXHY5nn-sU

[dragon35] 22/9/2021 11:11

I believe someone asked the company and they said yes, kdnc has to pay shipping costs which is why Dev was working with others to try and reduce the impact. Sadly at today's shipping prices and iron ore at $100/te it makes the stockpile worthless so it's a waiting game again.

[swanvesta] 21/9/2021 17:33

Is Cadence paying for shipping? I read that the shipments so far have been FOB i.e. buyer pays shipping.