The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Soon, and not 20p...but,...32p at least..GLA
not for some time the trades now are short term investors making a a bob or two
Not the way shares are been dumped today
There are several key developments / catalysts expected in the next two months, including the Amapa PFS, LT/LS deal closing and others
Not been funny EV but your previous share price predictions here have been way of the mark, at one point you was dishing out £1 at 20% and £1.50 at 27% I wouldn’t give up the day job if I was you
There have already been KEY developments,including 20% and 27%.Not quite the landmark moment that it was hailed as.The PFS,well lets just wait if that turns out to be another lame duck.As i have said before,KDNC has so much going for it,yet here we are.You can do as many fag packet calculations as you like,totally meaningless as has been proven.We will get there eventually,but dont hold yer breath.
The value here is very poorly understood.
China's Sinosteel signs $680 million iron ore mine deal with Cameroon
https://www.reuters.com/world/africa/chinas-sinosteel-signs-680-mln-iron-ore-mine-deal-with-cameroon-2022-05-20/
$675.96 million for a 60% iron ore product, and we have 65% and existing infrastructure......
To be fair EV could not predict that placing or a war either as well as the pandemic.
Nor EMH being -20% YTD and a global market sell-off
One Mine Auction Draws 3,448 Bids Amid Scramble For Lithium
https://financialpost.com/pmn/business-pmn/one-mine-auction-draws-3448-bids-amid-scramble-for-lithium
(Bloomberg) — An auction for a controlling stake in a Chinese lithium mine has garnered 3,448 bids, underscoring the scramble to secure the battery metal that’s key to the clean-energy transition.
The 54.3% stake in Yajiang Snowway Mining Development, which owns the mine in Sichuan, a southwestern province in China, was sold for about 2 billion yuan ($299 million), according to the JD.com’s judicial auction platform. That’s nearly 600 times higher than the starting price of about 3.35 million yuan. Details of the winning bidder weren’t immediately available.
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The heated bidding war, which concluded on Saturday, was joined by 21 participants, while over 980,000 people watched online throughout the five-day event.
“We believe the auction price indicates a bullish Chinese primary market for future lithium prices as well as the strategic importance of Sichuan spodumene assets,” Daiwa Capital Markets’ analysts Dennis Ip and Leo Ho said in a note.
The shift to electric vehicles has spurred a global rush for lithium, which is used in virtually all EV batteries, and seen Chinese prices of lithium carbonate surge more than 400% over the past year. The highest bid in a tender in April by Australia’s Pilbara Minerals Ltd. for spodumene concentrate, a partly-processed form of lithium, more than doubled in just six months.
Yajiang Snowway is undergoing a bankruptcy process. The Dechenonba lithium mine in Sichuan’s Yajiang area covers 1.14 square kilometers, with estimated reserves of 24.9 million tons and a planned 1-million-ton capacity per year.
©2022 Bloomberg L.P.
Damage was done to cadence’s already tarnished reputation with that placing , before the war was in the table , we are 50% down which is worse than most stock and we don’t exactly have huge interests in the relevant areas compared to other companies
Don't cry "babe"-everyting will be fine, volume increasing, this is good signal....32p before Amapa PFS...mark my words
https://www.sharesmagazine.co.uk/video/cadence-minerals-kdnc-kiran-morzaria-director-ceo-
Sigh!!!
Placing for 24 million then nice one
Amapa - Details on the 49% option
CEO Kiran Morzaria has stated the below in a 2020 interview available here:
https://youtu.be/mGhDQjFgP7k?t=541
"we'll be looking for project funding on or around 2021 of $24 million, that will be project equity, that can be a new partner going into the asset at the asset level, so we'd still have our 27 percent or of course you know we could go up to 49 percent, it really depends on the economics, the great thing is we have choices here and then you look for one hundred and forty to one hundred and fifty million worth of debt financing which would fund the recommissioning"
\-----
Jan 2022
https://youtu.be/5iOT8agwzIY?t=1250
"and you know in terms of the question about financing depending on different commodities and risk profiles mining projects are financed by a mixture of project debt and project equity typically 60 to 70 percent of it being debt and the rest being equity our investment structure by our first right of refusal allows to increase our stake to 49 which I estimate and I hasten to add that I estimate would be between 20 and 30 million dollars to take us to that point and that will of course change that could change depending on negotiation we can choose to participate or not and that decision will primarily be based on the opportunity cost of capital and the expected return on our investments if we choose not to invest then of course we retain our 27% however if there's more equity needed in the project we could be diluted further "
https://youtu.be/5iOT8agwzIY?t=2046
34:06 Q: What is the likelihood and or cost for cadence to take that ownership of Amapa to 49 percent.
A: As a first right refusal we will always be offered it and you know the mine is gonna certainly need more money so I expect us to be offered it, I mentioned beforehand in a previous answer what I thought those costs would be and they are estimates at this point in time.
EV haven’t you realised yet that the dreams KM spouts never come true? Mexican lithium was supposed to make us all rich, yet now we are left with a JV mined in 10 years that he doesn’t like to mention
what will the psf bring just around 4 or5p that is all as a spike "
after that we will drop right up to the back end of 2023 ,
all these numbers are bull sh/--t there is no money in this share untill then ,then with the grace of god we might see the starting of a mine ready to produce and people will invest,
md - you are doing my job for me ! ie pointing out to people that guesses dressed up as fact and designed to keep people in the game are a danger to the investing public ! And I see the usual suspects are in full spreadsheet mode because they sense interest may be waning....
you guys are way too emotional to be picking individual stocks
Netflix is 68% down YTD btw
FB ~50% down
Stocks go up and down for various reasons and not all of those reasons are based on the fundamentals
Why is it “emotional” to complain about a drop in shareprice - https://www.youtube.com/watch?v=ow7eg_n6ZGk
Have you actually considered that the share price might not get to £1 Mike? Just because you invested at that price, does not mean it will get back there. You have messed up and our dragging alot of other people down with you.