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I'm beginning to think that this type of small cap is just not on many radars so it needs a share tipper to start things off. Good fundamentals are a start but if you are invisible nobody cares.
I'm in Kefi and that was a similar drift downwards waiting for news. Nothing really major happened on the news front but a share tipper got involved and all is followers have pushed it up almost 60% in a week.
Winnifrith was following both of these but has dumped CCZ which hasn't helped.
We really need those assay results and for them to be good.
GLA
Is this the bottom and steady growth, from now on.
Big swing no rns
Good article on CCZ neighbour COB, worth a read. CCZ is the leverage play imho. https://www.fool.com.au/2022/04/05/why-has-the-cobalt-blue-asxcob-share-price-surged-79-in-a-month/
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428221695889680
Just in case any of you were wondering what happened the LT/LS Lithium assets ( https://www.lse.co.uk/rns/CCZ/update-on-bha-project-and-lithium-assets-9tq3lo97ws26k2u.html ).
Cadence has struck a new deal whereby the consideration for LT and LS is up to A$ 21.05 million (£11.82 million). Cadence has 31.5% of LT and LS and would receive up to A$ 6.63 (£3.72 million). The Buyer is a public, unlisted company in Australia.
Any ideas when more results come, and how long the money going to last for digging the bush?
Price should level out now always said board are ******s. Like straight off Fremantle Beach. Let's see results talk better to pull them out. Copper still the best play. Pointless selling, bottom draw job.!
So basically Castillo management are bull$h1tting us. The reason for not taking the option has nothing to do with BHA but it's because some of the Litchfield/Picasso shareholders never agreed in the first place. It seems Cadence and partners have already seen the results and decided they're too good to give away cheaply. What is the point in having an option if the other party can walk away when it suits them? How poorly negotiated must the option have been if Castillo feel they don't have a leg to stand on to put up a fight.
I'm really losing patience with this company. I bought in because I thought the focus was on Mt Oxide with possibly Zambia down the line. Instead, they took an age drilling the same hole over and over at Big One and then left it so late to get to Arya they had to helicopter the rig and only ended up drilling a few 200m holes. This is well short of what was promised in early 2021.
I'm not happy with this jumping from one thing to the other. I was never happy with the Lithium direction; it smacked of opportunism and had a to-good-to-be-true vibe from the very start. I should have trusted my instincts.
EV_Bull Fair enough, peace out.
Please don’t take offence @news that wasn’t my intention.
Just trying to help others.
EV_Bull
You remind me of another poster who starts his post with YOU ARE WRONG NEWS
or you are incorrect news. I notice you dont do that with others on kdnc or kdnc.pl?
It is more classy to just provide the link without you are wrong, you are incorrect.
If any link is faulty, just type up the title or cadence minerals litchfield.
We are all here to help each other, have goodwill as everyone is trying to help out with research.
Now that CCZ is no longer taking up the option, I posted just to let folks know that if they are interested the assay results will be out shortly/soon?
But CCZ has now changed course to cobalt and that is what HC is discussing now.
I am going to try to look up the nearby Aussie co's.
news, Sat 15 Jan 2022.
Your link is incorrect @news, it's here: https://www.cadenceminerals.com/projects/lt-ls/
They already have the assays back @news, news soon on those.
https://youtu.be/5iOT8agwzIY?t=1108
Cadence Minerals has now posted the Litchfield lithium project BACK on their website.
https://www.cadenceminerals.com/project/It-Is/
"Pleasingly, the current owners undertook a comprehensive sampling ...collecting up to 600 soil and rock chip sample which are PRESENTLY being analysed in a LAB. The assay results which are DUE BACK SHORTLY will form a SIGNIFICANT COMPONENT of the PRELIMINARY DUE DILIGENCE."
I checked the Cadence Minerals RNS the next day after the CCZ Australian RNS/Ann.
I also checked the Cadence webite and found the LITCHFIELD details back up again with the LAST PARA ABOVE being new.
So, whilst that may NO longer be o interest to CCZ shareholders given the option into Litchfield has now been rescinded, nevertheless, it will be really interest given we had waiting MONTHS
to know the ASSAY RESULTS.
Sat, 15 Jan 2022
If you want to hear what Cadence CEO Kiran Morzaria said about the Litchfield project have a listen here: https://youtu.be/5iOT8agwzIY?t=1108
"Not all of the LT/LS shareholders agreed to those terms" Not Cadence's decision (as 31% minority holder) but beneficial due to the rising Lithium price and potentially achieving a higher valuation now.
Cadence Minerals issued an RNS today, Fri, 14 Jan 2022 on project and corp update:
"In regard to Litchfield and Picasso option with Castillo, given the recent increases in lithium compound pricing to over U$40,000 per tonne of battery grade lithium carbonate and the PENDING ANALYSIS of the assay results, we see the unwinding of this option agreement as an opportunity for Cadence to EXTRACT A HIGHER VALUATION of this lithium project assets."
My Comment:
Pending assay results?
I am aware that Cadence has returned £50k to Castillo [pls check $ or £] .
What does Kiran Mozaria mean by extract a higher valuation? Did Cadence pull it back?