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
  1.00 6.06% 17.50 2,421,727 14:55:15
Bid Price Offer Price High Price Low Price Open Price
17.00 18.00 18.25 16.125 16.625
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.27 -2.54 26
Last Trade Time Trade Type Trade Size Trade Price Currency
16:21:18 O 107,775 17.85 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 16.50p.
Cadence Minerals Plc has a 4 week average price of 13.45p and a 12 week average price of 11.25p.
The 1 year high share price is 18.25p while the 1 year low share price is currently 3p.
There are currently 148,049,098 shares in issue and the average daily traded volume is 1,689,753 shares. The market capitalisation of Cadence Minerals Plc is £25,908,592.15.
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.
metis20: So over the past week, four directors have between them bought just shy of £100k's worth of shares. Buying started at 12p and the most recent at 15p. hTTps:// hTTps:// hTTps://
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.
dmitribollokov: These guys are awesome, get momentum in share price, issue shares to pay salaries for another 6 months, knock share price down. Rinse and repeat.
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.
diesel: For anyone who has held an early resource exploration share then they’ll be familiar with the pattern of news, spike in share price and fallback. Whatever news comes in is tempered with the timeframe to production/revenue and the investment needed and possible/likely dilution to share price This share is just a collection of those holdings. That said I do hold these as the collection of companies does look promising, but it will require a buyout of one of these companies by a big player to see a good return.
jlondon: NEW KDNC INTERVIEW, Tues 10 Sep 2019 [Vox Mkts] Alan Green: 1)KDNC £9m mkt cap. 2)"Bean counters have been all over it." 3)"Amapa EBITDA $136m p/y for next 14 yrs and KDNC has 27%." [Me: 136m x 27%=US$36.72m or £30.60m. $136m x 14 yrs = $1.904 billion of which 27% to KDNC = $514m or £428 million.] £1=US$1.2. 4)"Even if it misses to $100-$90m - its massive, massive upside." 5)"$60m stockpile to sell. Investment to re-start & re-commission mine $168m. So $60m goes towards $168m." 6)"Cadence Minerals #kdnc assets e x c e e d kdnc*s MKT CAP." Please check. DYOR. ---------------------------------- Comment: The investsment ie $168m - $60m = $108m. Kiran Morzaria has said in his previous interviews that it will come from debt. So, if as norm, it could come from debt eg bonds etc via interest payments?? SXX*s bonds were cited at 10% but potential bond holders want 13% - just an example? Tues, 10 Sep 2019 at 3.25pm ------------------------------------------------------------- Kiran Morzaria, CEO of Cadence Minerals [KDNC] has done 3 interviews with Vox Mkts relating to Amapa starting from the time of the MOU etc in 2019. Today, Tues, 10 Sep 2019, Mr Alan Green of Brand UK gave an interview on Cadence Minerals plc relating specifically to AMAPA. In particular, Mr Green said that "the BEAN-COUNTERS have been ALL OVER IT." Hence, there is a $90m-$100m figure cited as above even if it misses the EBITDA of US$136m. Further, that the assets of KDNC EXCEED the mkt cap at £9m. So, I gather that Cadence Minerals have taken the PRECAUTION of getting bean-counters to go over the figures and possibly the assets figures as well?? I am guessing as this is the new bit of information? The mention of bean-counter was the opening gambit in the interview? This is the proper channel any co can take to communicate with shareholders via Brand_UK? Mr Green also talked of a few more other co*s. So, it is possible that Cadence Minerals have covered themselves by contacting accountants formally to go over the Amapa figures and KDNC assets figures?? This is valid as at 10 Sep 2019 [Tues]. Shortly after the interview and into the close, KDNC share price ROSE 5.71% to 0.85-0.10p with a mkt cap of £10m.
jlondon: VOX Mkt:2 Kiran Mozaria, CEO, KDNC interviews on Amapa which some may have missed: 27 June 2019 Interview: hxxps:// 1)"In 2012/13, Amapa was worth $600m on Anglo-American books. They are buying it for $12.5m. KDNC paying $2.5m, then later $3.5m." [Me: So, now we know that KDNC will pay $6m in total and Sino the JV partner will pay $6.5m. This was not known before] 2)Current situation: "SIMILAR iron ore prices." [Me: K.M means that at the time of $600m value, the iron prices are like now.] 3)Anglo was PRODUCING 6.5m tonnes per yr. They were selling Amapa when the port accident happened? High Net Individual mentioned - Zamin. Port collapsed -stoped logistics -no revenue. Continued to mine till 2015. 2015: iron ore prices dropping for a long time then administration. $40-$50 p/t?. [Me: So, now we know how the administration came about after Zamin bought it & iron ore prices fell then Amapa went into administration?] 4)In full production under KDNC [20+7%] & Sino JV partner, they will produce 4.5 MILLION tonnes per yr with MAJORITY 65% Fe. Currently, iron ore $120 p/t at time of this interview. 5)2 advantages: INCREASE in iron ore price & cheap costs to KDNC & Sino JV. 6)14 mine life with PORT & RAILWAY. 7)KDNC to pay $3.5m at a later date for next 7% to 27% from 20% currently. ------------------------ <><>24 May 2019 Kiran Morzaria interview: 1)Valued at $600m by Anglo-American in their books. Profit $170 MILLION PER YR. There*s infrastructure, port & railway. Open pit. Stockpile will fund re-commissioning of mine. Justin Waite, Interviewer: $170m profit. Simplified maths - run it DOWN to $100million. 1/4 = $25 MILLION WHICH IS MORE THAN YOUR MKT CAP OF £14 MILLION. Kiran Mozaria: Yeah. Time to get there. Simple way put it that way. China -people who want this product [KM]. Why iron ore now [JW]. Look at supply/demand across commodities. Look for commmodities cheaply. Last year iron ore $95 - $111 for 65% Fe iron ore. LONG TERM UPTREND for iron ore 2-3 yrs. ------------------------- $25m per year as above = £20.8 million per yr to KDNC [£1=US$1.2] 27% share of $100= $27m. So J.Waite has cut it down from $170m p/y to $100m & from $27m to $25m p/y to KDNC. Share price 0.10-0.11p and Mkt Cap £10m IF, Say P/E 10= £200.8million [norm] -- Implied 20 X [vs £10m mkt cap]= 2p IF, Say P/E 5 = £104million [lower] --- Implied 10 X [vs £10m mkt cap]=1p ----------------------------------------------------------- [Please check what was said in the interview] [Ilustration from interview figure mentioned by Justin Waite per his simplified maths] Kindly check. DYOR. Mon 9 Sep 2019
jlondon: KDNC share price: 0.10p/0.113p - Mkt Cap £12m. Portfolio >19% of European Metal = £6.46m [if 20% £6.8m] >1.7% of Bacanora = £1m >10% of Mcarthur Min = £1m Total: £8.8m Loan :- £3m Net: £5.8m [Attribution degsie from Lon Sth East] Additional: Clancy Auroch Argentine Australia - 3 projects Greenland licence - 100% Bacanora [30% JV with KDNC - see details] Hastings Yangibana 30% JV New: <>Amapa Iron Ore Project: Brazil Initially 27% Payment: $2.5m for 20% [27.6.2019 RNS-£1.6m raised @ 0.11p to fund initial payment] $3.5m for 7% >INITIAL REVENUE: Q 4 , 2019 <>AWAITING: Approval of a judicial restructuring plan submitted by Cadence & Indo-Sino. Transfer of 99.9% share capital of Amapa to Pedro Branca Alliance etc. >About Amapa: Anglo American sold Amapa for $130m to Zamin in 2013 [others competing to buy then include Glencore etc] Value of 70% of Amapa on Anglo books at US$866m [100% $1.2 billion] After Impairment valued at : US$462m [Anglo] Annual profit: US$171m [Amapa under Anglo] <>CEO [KDNC] Interview with Justin Waite, Vox Mkts recently: $25m profit potential to KDNC [please check] DYOR. Please check with KDNC RNS 7 Jun 2019 & 27 June 2019 [Amapa] Tues 23 July 2019
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