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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Cadence Mineral Share Chat (KDNC)



Share Price: 0.1325Bid: 0.13Ask: 0.135Change: -0.005 (-3.64%)Faller - Cadence Mineral
Spread: 0.005Spread as %: 3.85%Open: 0.1375High: 0.1375Low: 0.1325Yesterday’s Close: 0.1375


Share Discussion for Cadence Mineral




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Bannor
Posts: 5,618
Opinion:No Opinion
Price:0.155
RE: Tweet
22 May '19
Perhaps...

God I hope not .... every time he opens his trap something collapses.

I'd like to think so but they seem more interested in issuing as many shares as they can like they're going for a record or something - Gobby taught them thus.
 
observer842
Posts: 5,303
Opinion:Buy
Price:0.155
RE: Tweet
22 May '19
It's only a hunch, but perhaps the 2017 deal fell through due to the collapse of iron ore prices mid 2017 from the beginning of 2017 highs which were a little below today's?

Certainly a question I'd hope @Kiran would address if he is planning on an interview or two.

If prices collapsed before we completed, we'd presumably reconsider completing on the agreed terms?
Bannor
Posts: 5,618
Opinion:No Opinion
Price:0.155
RE: Tweet
22 May '19
.... I guess the only real question mark for me is what happened the investor that was lined up in 2017 & why it didn't proceed ... I trust the Minigases are all over that ...

Just wish they'd hurry up & sell Sonora (hopefully GFL will take it off us) so I can get out of this rootin' tootin' ever dilootin' stock
share4
Posts: 312
Opinion:No Opinion
Price:0.155
RE: Tweet
21 May '19
This was the important bit for me:

"Project will also ship the iron ore stockpiles held at the dock which is estimated to start in Q4 of this year and continue for two years . The mine is open pit and has a planned strip ratio of 0.9:1. "

So even without mining there are 2 years of stockpiles which can be shipped and sold. I have no idea how much these stockpiles are worth, but they claim " During its operation the mine generated an annual operating profit of up to U$171 million"

The story makes sense since Anglo sold out due to the problems with the port - perhaps they realised it would take several years to see a return again and needed the money
Barksy1
Posts: 20,617
Premium Chat Member
Opinion:No Opinion
Price:0.155
Tweet
21 May '19
‘European OEM's are stepping up investments for EV's. @VW integrating the supply chain in Europe - incl a mid-term target to support #lithium prod in Central & Southern Europe. Potential beneficiaries incl @InfinityLithium @SavannahRes @BacanoraL Zinnwald




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