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 Shares Traded Last Trade
  1.15 4.87% 24.75 709,691 13:34:03
Bid Price Offer Price High Price Low Price Open Price
24.00 25.50 25.25 23.75 24.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.27 -2.54 37
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:40 O 120 24.0375 GBX

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Cadence Minerals Daily Update: Cadence Minerals Plc is listed in the Mining sector of the London Stock Exchange with ticker KDNC. The last closing price for Cadence Minerals was 23.60p.
Cadence Minerals Plc has a 4 week average price of 17.50p and a 12 week average price of 15.75p.
The 1 year high share price is 31.50p while the 1 year low share price is currently 5.25p.
There are currently 148,349,098 shares in issue and the average daily traded volume is 1,011,403 shares. The market capitalisation of Cadence Minerals Plc is £36,716,401.76.
damac: Lenigas #2994 The RNS has stated it has already been sold and en route to the buyer .... Further to the announcement made on the 29 March, Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A's ("DEV") has completed the sale and shipment of the first Iron Ore from the Amapa Iron Ore Project since 2015. Loading of the ship was completed on the 30 March and she left the port of Santana yesterday, en route to the buyer. Operations continue at DEV to prepare for the next shipment.
someuwin: Cadence Minerals (KDNC) – Corporate – First shipment of iron ore from Amapa stockpile Market Cap £29m Share Price 19.3p Cadence today announces that it will begin shipping iron ore from its 1.4Mt stockpile this week. A first shipment of 45kt of iron ore from the port site will be exported to allow for a $10m profit. The profit will be used to 1) settle the “small” and employee creditors ($2.5m); 2) begin recommissioning studies in the Amapa iron ore mine itself ($6m)and; 3) the remaining ($1.5m) for working capital for the Cadence JV (DEV Mineração S.A - between Cadence and its partner Indo Sino Pty Ltd) for local operational costs and to finalise the agreement with the secured bank creditors. WHI View:Today’s news is a great start for Cadence. This is the first step in monetising the iron ore stockpile (proving logistics and iron ore quality) and the perhaps the final step in finalising the negotiations with the bank creditors which will then allow the whole process to reopen the Amapa mine to begin. Once a resolution is reached with the secure creditors, it releases the investment made by Cadence and Cadence becomes a 20% owner in Amapa. The iron ore price remains at a very high level at >$160/t and if agreement is achieved shortly the stockpile at Amapa could generate significant cash for DEV Mineração to put 0towards the Amapa reopening costs."
soggy: Gosh, this board has gone silent! Am I the only one left in...? RNS out, 1st Amapa shipment since 2015. Surely there's some info here worth chatting about on this board??? Let the good times roll! Inaugural Shipment of Iron Ore from the Amapa Iron Ore Project, Brazil Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A's ("DEV") has commenced the shipment of the iron ore stockpiles from Santana, Amapa, Brazil. This shipment was approved via a court petition (details of which can be found here ) and represents the first shipment of Iron Ore from this asset since its closure in 2015. Highlights: -- The first shipment of 45,000 tonnes of iron ore from the Amapa Iron Ore Project has commenced -- The vessel is currently loading and is due to sail this week -- Iron Ore 62% Fe, CFR China at US$167.05 per tonne (26/02/2021) -- Approximately 1.39Mt of iron ore currently stockpiled as DEV's wholly-owned port -- Operations are continuing in Brazil to prepare for the next shipment On 19 February 2021, the State of São Paulo Upper Court published the ruling allowing DEV to export sufficient iron ore to realise a US$10 million profit. Soon after, operations restarted moving material from DEV's wholly-owned port to Docas De Santana some 2 km away. DEV worked with Indo Sino Pty Ltd ("Indo Sino") and Cadence to start operations, charter a vessel and carry out a competitive bid process for the cargo. The buyer is one of the world's largest globally diversified natural resource companies and a major producer and marketer of commodities. The first portion of the net revenues shall be used to pay historic small and employee creditors (US$2.5 million), after which approximately US$ 6 million of the net revenues will be used to begin recommissioning studies on the Amapa Iron Ore Project. The remaining net revenues will be used to provide working capital for the operations and payment against the outstanding amount due to the Bank Creditors. Operations continue at the port in preparation for the next shipment, and at the mine, security has been put in place and tailing dam maintenance has commenced. Settlement of Bank Creditors In early September 2020, we announced that DEV Mineração S.A's ("DEV"), Cadence and Indo Sino Pty Ltd ("the Investors") agreed in principle to the settlement terms proposed by the secured bank creditors ("Bank Creditors"). Detailed discussions and drafting of the legal documents continue. Positive steps have been made, and we believe all parties are aligned to complete and execute this agreement. The execution of a settlement agreement with the Bank Creditors would represent the satisfaction of Cadence's remaining major precondition to make its initial 20% investment in the Amapa Project. On completion of the conditions and the release of the Cadence escrow monies, Cadence will become a 20% shareholder in the Amapá Project via our joint venture company, which will own 99.9% of DEV. Further announcements will be made concerning the Settlement once available. Cadence Chairman Andrew Suckling commented; "I would once again like to put on record my sincere thanks and gratitude for the tireless efforts by Cadence management, IndoSino and DEV and advisors to bring the project to fruition. This inaugural iron ore shipment brings Amapá back to life, and in time we expect the mine and infrastructure to play a key role in helping to regenerate the regional economy, with all the employment, health and educational benefits that will bring to this part of Brazil." "Despite the severe disruption created by COVID-19, management has remained focused on delivering the Amapa project as planned, all the while supported by a robust iron ore market that continues to justify the opportunity. Throughout, our primary concern has been to ensure the safety and wellbeing of all our staff, and we continue to maximise our efforts to ensure that employees, shareholders, contractors and their families continue to remain safe and secure through these challenging times." Cadence CEO Kiran Morzaria commented: "The first iron ore shipment from Amapa since 2015 and the resultant earnings represent a milestone of huge significance, both for our board and team who have worked so hard to bring the project back to life and for the potential opportunities and benefits it will bring to the wider Amapa community." "As regards the secured bank creditors, we believe all parties are aligned to complete and execute the agreement which will see Cadence become a 20% shareholder in Amapa. I look forward to updating you on further developments as we move to complete the final stage of phase 1 of our Amapa investment plan."
urchin1: KDNC eventually reacting to EMH's share price price!
odsjp: Golden Prospect's post (2903) on 17/02 mentioned KDNC had some 19,747,740 shares valued at 76p each and it was worth £15M. Today we have received notification that we have sold some (789,157) and at COB our remaining 18,958,583 shares are £1.025 each and that is work £19.4M. So we have raised around £750K and our holding in EMH I still worth £4.4M more!!! Ironically on 17/02 our share price was 19.35p and now it is 18.5p Go figure!!! I have our market cap at £27M so Amapa and all other investments are valued at less then £8M. When we get the Amapa RNS maybe we will get the rerate we all expect.
urchin1: Anyone out there care to put a guesstimate where the KDNC share price may go to?
odsjp: Hi Donald, Not that I am aware of anymore. The latest presentation below shows its latest investments. hxxps:// Everyone always mentions EMH saying we have a 13% stake (21,044,219 * £0.78)= £16.4M but we also have a 30% stake JV in Yangibana rare earths project (due to start construction in Q2) with Hastings Technology Metals. There share price has doubled during the course of last year and currently has a market cap of around 250M AUD (140M GBP) We are also a 30% JV partner with Bacanora Lithium on the Sonora Lithium project in Mexico. Bacanora's share price has more then tripled from 20p to 60p last year and is also valued at 140M GBP. So I can't figure out why our market cap is a paltry £26M especially as the company seems to think that the Amapa Iron ore project in Brazil is there jewel in the crown
sporazene2: Golden Prospect - I think the EMH stake is the best hope KDNC have of raising capital to fund their portion of the Amapa development - without resorting to dilution of the asset or considerable dilution of KDNC. There are clearly a number of options to fund a portion of the capex, including off take, but lets say the JV will need to fund 30% of equity or $60-75m I think it would be much better to wait until EMH complete their DFS later next year before KDNC further monetise their EMH equity position but I do appreciate that KDNC requires working capital. From what I can gather their JV with Bacanora only covers 12% of the project area which is covered by the DFS but not entirely sure if they will get 12% of the project revenue from day 1 or it will be a number of years before the JV areas are mined. Either way I dont believe that revenue can be considered in relation to funding Amapa. FWIW - I dont have a position here but hold APF. I am considering an investment but am concerned the market is illiquid. I also have some other concerns namely the CEO being the FD of another oil and gas co but their assets are of interest and if they can secure a financial package to get their iron ore asset into production this would be transformational.
mortimer7: EMH + 35% today. KDNC stake in EMH, around 15%. KDNC share price up about 6% today. Hopefully more people will realise the implications of the EMH rise for KDNC.
adobbing: hTtp:// Cadence Minerals #KDNC – Exercise of Warrants By Alan Green in Cadence Minerals (KDNC) on 14th August 2020. Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that it has received warrant exercise notices to subscribe for a total of 537,500 new ordinary shares in the Company at an exercise price of 6 pence per share (the “New Ordinary Shares”). Subscription monies of £32,250 have been received by the Company in respect of the exercise of these warrants. Application will be made for the admission to trading on the AIM market (“AIM”) of London Stock Exchange plc (“LSE”) and to and the AQSE Growth Market (“AQSE”) operated by Aquis Exchange Plc for the New Ordinary Shares (“Admission”). Admission is expected to occur on or around 20 August 2020. Following Admission, the Company will have 129,802,391 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 129,802,391 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
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