Cadence Minerals Share Discussion Threads

[daicaprice] 03/6/2020 11:27

15p certainly looks a good bet, every dip getting bought and going to new highs, should break the 12 month on this leg.

DC

[pilkersa] 03/6/2020 11:25

Next leg up now. 20p today I reckon....

[robizm] 03/6/2020 11:11

Now the dump

[olly353] 03/6/2020 10:59

Real bid 13

[bobby.ifa] 03/6/2020 10:41

I would have thought Mr Lenigas would be all over this on Twitter.

[mikemichael2] 03/6/2020 10:40

Should get there (one day) tiny MK.

[lyceeuk] 03/6/2020 10:31

haha i only need 97p to break even

[fhmktg] 03/6/2020 10:28

Funny how things change and how quickly!

[sh1984] 03/6/2020 10:24

Would be bonkers to sell with more good news to come.
Multibagger from here

[mikemichael2] 03/6/2020 10:23

Mk only 13 million.....still tiny.

[sanilav] 03/6/2020 10:23

Top of the Leader Board,right board this time.Lovely sight.Onward and upwards.GLA

[folderboy] 03/6/2020 10:16

Will you sell? I have a fair bit further to go (30p) - always said I would exit when breakeven or maybe even cut my losses if it got into the 20s - not so sure now.

[daicaprice] 03/6/2020 10:11

@15p I’m breakeven!!

DC

[dafad] 03/6/2020 10:09

Yes very interesting indeed

[tomboyb] 03/6/2020 09:49

And flying -

Highlights:

-- Hastings signs binding long term Master Agreement with German automotive Tier 1 supplier, Schaeffler Technologies AG.

-- Hastings obligation is to supply a substantial volume of MREC over a period of 10 years as initial period.

-- Schaeffler continues its support for German government's untied loan guarantee (UFK).
This Master Agreement governs in general the purchasing, scheduling, quality compliance and regulations, and ethical business conduct between Hastings and Schaeffler.

[tomboyb] 03/6/2020 09:36

v interesting -

[tomboyb] 03/6/2020 09:34

Cadence Minerals PLC Yangibana JV Partner Agreement with Schaeffler
03/06/2020 9:31am
UK Regulatory (RNS & others)

Cadence Minerals (LSE:KDNC)
Intraday Stock Chart

Wednesday 3 June 2020

Click Here for more Cadence Minerals Charts.
TIDMKDNC

RNS Number : 8127O

Cadence Minerals PLC

03 June 2020

Cadence Minerals Plc

("Cadence Minerals", "Cadence" or "the Company")

Hastings Technology Metals (ASX: HAS) Signs Long Term Binding Master Agreement with German Automotive Tier 1 Supplier Schaeffler Technologies AG.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Hastings Technology Metals (ASX:HAS) ("Hastings"), Cadence's joint venture partner at the Yangibana Rare Earth Project in the Gascoyne region of Western Australia ("Yangibana" "Yangibana Project"), has entered into binding Master Agreement (MA) with one of the leading German automotive Tier 1 supplier, Schaeffler Technologies AG (Schaeffler) for the targeted supply of its MREC, being the product mined and processed from the Company's Yangibana Project in the Gascoyne region, Western Australia.

Cadence Minerals Yangibana Holding:

Cadence owns 30% of the Yangibana, Yangibana North, Gossan, Hook, Kanes Gossan and Lions Ear Rare Earth Deposit, which form part of the Yangibana Rare Earth Deposit. The updated Cadence ore reserve statement can be found on the Yangibana Mineral Resource & Ore Reserve statement from 4(th) November 2019: hxxp://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=2953668.

Highlights:

-- Hastings signs binding long term Master Agreement with German automotive Tier 1 supplier, Schaeffler Technologies AG.

-- Hastings obligation is to supply a substantial volume of MREC over a period of 10 years as initial period.

-- Schaeffler continues its support for German government's untied loan guarantee (UFK).
This Master Agreement governs in general the purchasing, scheduling, quality compliance and regulations, and ethical business conduct between Hastings and Schaeffler.

With the signing of this Master Agreement, Schaeffler also continues to support Hastings in its eligibility for the German government's untied loan guarantee scheme (known as UFK) in its project financing for the construction of its mine and processing plant in the Upper Gascoyne of Western Australia.

Since the announcement of the MOU in June 2019, Schaeffler and Hastings have expressed their joint commitment to work together on a long term partnership to enable Schaeffler to develop an independent supply chain for its e-motor business for the emerging Electric Vehicle industry. Neodymium and praseodymium are critical raw materials used in the manufacture of permanent magnets, the key component found in electric motors.

Schaeffler is a global automotive and industrial supplier of high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications, primarily focussed on the automotive industry. In 2019 it generated sales of approximately EUR14.4 billion with around 87,700 employees globally. Schaeffler is one of the world's largest family companies operating in approximately 170 locations in over 50 countries and has a worldwide network of manufacturing locations, research and development facilities and sales offices.

The full Hastings ASX announcement can be found here:

Hastings Exec Chairman Charles Lew commented: "This contract represents a very important milestone in the development of Hastings as an emerging supplier of rare earth carbonate from Australia to Germany, an industrialised nation with a growing demand for a critical raw material used in many advanced technologies where a permanent magnet is needed. We look forward to strengthening our cooperation with Schaeffler in the years to come."

- Ends -

[iamgreat1] 02/6/2020 11:58

P n d And placing will come

[sh1984] 02/6/2020 11:34

Iron ore prices on the up, should hit 40p soon on this.