Cadence Mineral Share Chat (KDNC)

LoL @tomcat: "page 59... both mexilit and megalit have the same ‘*’ against them...", that's because that was the case on the date the table documents (30 June 2019). The graphic on page 19 is what is currently the case (from 14 August 2019). I'm near 100% certain that Ganfeng doesn't have a claim over Megalit, other than indirectly via their 29.99% in BCN, and if you find anything which might indicate to the contrary in the report I'm almost certain to view it as a typo or a clerical oversight as IMHO there's little to no chance they've accidentally or surreptitiously got their hands on the potential monster that is Megalit behind the market's back. Surely you can't think so? Oh the fun we have. ;-)

What a exciting day at BCN I am over the moon

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DJ Cadence Minerals PLC Contract Awarded for Yangibana Processing Plant
TIDMKDNC

RNS Number : 5567Q

Cadence Minerals PLC

21 October 2019

Cadence Minerals Plc

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

Hastings Technology Metals (ASX:HAS) - DRA Pacific Awarded EPCM Contract Yangibana Processing Plant.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce 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 Project"), has announced that it has awarded the Engineering, Procurement, Construction and Management (EPCM) contract for its rare earths processing plant and the associated infrastructure for the Yangibana process plant in the Gascoyne Region of Western Australia to DRA Pacific Pty Ltd ("DRA Pacific"), a diversified global engineering, project delivery and operations management. The appointment of DRA Pacific as the EPCM contractor for the Yangibana Project was preceded by a series of value engineering studies and the Front-End-Engineering-Design ("FEED") completed by DRA Pacific during 2018 and 2019. DRA Pacific's EPCM contract will cover all aspects of the design and construction of the processing facility and associated non-process infrastructure capable of producing 15,000 tonnes of Mixed Rare Earths Carbonate (MREC) per year.

Cadence Minerals Yangibana Holding:

Cadence owns 30% of the Yangibana North, Gossan, Hook, Kanes Gossan, Lions Ear and Bald Hill North Rare Earth Deposit, which form part of the Yangibana Rare Earth Deposit. Probable Ore Reserves of some 2.1 million tonnes at 1.66% total rare earth elements are contained within 30% owned joint venture tenements. Further details of these reserves and pre-feasibility study can be found at: http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=2688632.

Highlights:

-- DRA Pacific Pty Ltd awarded the Engineering, Procurement and Contract Management (EPCM) Contract for the Yangibana Rare Earths Processing Plant.

-- The scope of works under the DRA Pacific Pty Ltd EPCM agreement has an estimated capital value of circa A$350m.

-- DRA Pacific's parent DRA Global Ltd have extensive experience in designing and building mineral processing facilities worldwide and their personnel have previously delivered rare earth plants in Western Australia.

-- The key component of the contract terms is the comprehensive performance guarantee linked to ore throughput for the entire process flow sheet.

The EPCM contract is the single largest dollar value contract associated with the Yangibana Project. It is also a fundamental requirement of Hastings' debt providers and hence is pivotal to the project financing process. Works directed under the EPCM Contract have an estimated value of approximately A$350M.

The key component of the contract terms is the comprehensive performance g

Well, looks like some more good news on the Green Horizon. Not anticipating any corresponding change to our SP, however, if you don’t hope, wish, or aspire to something good, you ain’t meeting your luck halfway.

It is possible that Electric Cars will be given Green (colour), number plates. +, and I mean ‘plus’, Parking Concessions......

Well, get a few more charging points into that equation, and cheaper EV’s, and, maybe, possibly, it could be....that some of those who are spending time protesting about the Climate, and causing/have caused, public transport disruption, may buy an EV? Or, possibly, an EV, when they next buy a car???? ( Which would be kinder to the environment, than simply consigning one car to the presumably, enlarging scrapheap?) (IMVVVVH&IIO). That would be a good start.

Meantime, first of all, we have to dig the stuff up and sell it.
First you buy a chicken. Then, you discuss the recipe.
For vegetarians, ditto, but ‘veg’ replaces ‘choek’.

' Notification of Ganfeng International Trading (Shanghai) Limited as a person with significant control on 18 October 2019'

Sonora Lithium limited at companies house
https://beta.companieshouse.gov.uk/company/11349694/filing-history/MzI0NzMyNzM4NmFkaXF6a2N4/document?format=pdf&download=0

Was hoping we would be digging stuff up in bucketloads, with shovels, by now. Or, better still, a few industrial-diggers!

Mind you, a little bit of blue peeking thru!
The bluer the day, the happier the day!

Pitch Fork pal :)

What are you using? A teaspoon?

Ssshhh you lot am still loading ;)

and it states above the graphic on page 19... on 14th august... bacanora lithium plc transferred it’s shareholding in bacanora minerals ltd to sonora lithium ltd...

Cor, degsie.
I love it!
That rating is right up there with my love of Yangibana and MacMins.....
And, in the spirit of love being forgiving, I’ll overlook the typo. 165p sounds lucrative enough for me.
Thank you.

The expression Ireland's use is "if we unconstrained our risk rating --------- our fair value for Cadence would be rise from 44p to 165p- my typo 168 "

page 59... both mexilit and megalit have the same ‘*’ against them...

Thank you, degsie. And, I wholeheartedly subscribe to the edict that one follows any conditions of subscription. So, no probs.

My query was whether it was a fact that the ‘target price’ and the ‘unrisked price’ were such:
“Target of 44p”
”Unrisked of £1.68”
As stated in your post.

“Unrisked” sounds so definite, in colloquial linguistic terms. So, I am delightfully wildered by that wild and wonderful value.

And, generally, like yourself, I am one of the bewilderment people. (Great movie).

And, might I add, that it is also wonderful that people like yourself, and MrsB, and, I’m sure others, from reading information and knowledge, on this site, subscribe to diverse research entities. Because, if shareholders had only updates from our official Cadence site, to rely on, it would be nigh on impossible to glean a shareprice value, since the Hannan one in 2018. Encouraging as that one was.

Being a commonplace human, I require a word of encouragement more than once or twice a year. Especially on this arduous long-distance-marathon. Bearing in mind that I thought I was entering a sprint.

W H Ireland report is very detailed - 27 pages- and lists all investments. I subscribe to Research Tree but it is a condition of supply that I don't share.

@tomcat you'll have to provide me with some evidence. As far as I can see BCN's LV and 70% of the Mexilit JV are owned by SLL (Sonora Lithium Ltd being currently owned by 77.5% BCN, 22.5% Ganfeng). Whereas 70% of the Megalit JV is owned by BCN / the group. If it was arranged how you suggest then I would have thought Megalit would appear on the diagram on page 19 of the 2019 accounts. Since Megalit is not part of the Sonora Lithium Project (owned by SLL) it doesn't.

Hello degsie. For you to agree with the substance of my email is already encouraging.
Mind you, your ascertation that WH have given a “target price of 44p” and an “unrisked price of £1.68” is astoundingly encouraging.
Are those prices skew-whiff?

And, I agree with the substance of your email too.
And wish and hope that the unrisked is £1.68. But wonder at that?

Ok You know better than me , my apology, I thought we changed prices in September ?

Thar was the price before consolidation.

£350k 0.11 ?

Frankie. I find this share bewildering, I agree with the substance of your email. The potential is at least a 10 bagger. W H Ireland have given a target price of 44p and an unrisked price of 168p. You list the positive news that KDNC has received from its various investments. I’d like KDNC to give shareholders some idea of the value of the JVs; this board(LSE) seems to agree that value Sonora is about £10m but what is value of Yangibana- Hastings has issued a number of positive reports. And the directors invested £350K in June at 11p.

Taking a random yardstick, and pointing it at the calendar:

We have less than 11 weeks until 2020.
Skimming back through our RNS in the past +-11 weeks:

Yangibana awarded contract for Processing Plant
Auroch Minerals Saints Nickels Project, a few updates
Bacanora Lithium Strategic Investment completed
MacMins updates..remember we had that great RNS back in March which sent our shareprice leaping?
Amapa, Approval of Judicial Restructuring Plan..this is our latest, much vaunted, iron-ore-awaiting, Investment..something by end of 2019?
EHM, Cinovec Licence Extension..

And, in between, MrsB kindly posts updates on Sagon? Saigon? Was that Clancy? I cannot keep up. (But, where do these updates appear on the Cadence Site? Do they? I can’t find them.)

When I first bought in, I think it was 4 years ago (I give up on the sums), we had an apparently wonderful set of assets, positioned worldwide. We’ve added a few locations, (although St Luis no longer mentions Argentina, on our site, only Oz assets), we now have Amapa, in Brazil..

However, my point is time. 4 years have passed. Updates, drilling, strategies?, assays? Approvals? Take-offs? Contracts? And a whole string of letters from the alphabet have been run-by, (MOU’s and things which I can’t begin to understand. Sure someone can?), which hopefully should add up to Progress??

We need to accomplish something to reflect the dedication of some shareholders here. And the “expertise and experience” of our BoD. So many super-sounding-RNS’s over the years. No progress of the shareprice. In fact, a diminution.

Let’s see an up-to-date, openly-available-to-shareholders,-Broker’s-Report, so that we can see a consolidation of facts and figures, albeit from ‘one point of view’, (but it would be a Professional Point of View), and the direction and accomplishment of our BoD. Hopefully there will be some hope in it, for shareholders.

does that put the likelihood of gfl exercising the 50% option on sll much higher up the scale of certainty... if there was much doubt anyway... does it put the value / price for the remaining 27.5% up or down...

i don’t think bcn shareholders own 100% of bacanora minerals ltd anymore... so if bml owns 70% of megalit... as it does mexilit... then gfl will own some of megalit too... 54.25% bcn / 15.75% gfl...