Cadence Minerals Plc Share Price (KDNC.PL)

WHAT HAPPENED? - REM
At the height, REM was around the 2.25p mark from 0.04p [early days of REM]. The co commanded a mkt cap of £95m based on Sonora Lithium project in Mexico.

As BCN [Canadian listed] was looking around for funds to drill, in stepped David Lenigas of REM.

That*s how the story began. Since the funding was from REM, Mr Lenigas did say on Twitter not so long ago that REM financed BCN at the time.

VSA Capital has given BCN a potential target price of around the £1 mark +. Currently, BCN has a market cap of £62m with a share price of 45p. Prior to Gangfeng JV, BCN was 20p approx. So, the mkt cap at £1 per the VSA T/P will bring the mkt cap to around £120m +.

Anyone looking on ie shareholders at the time would logically conclude that REM would take over BCN as they would need to raise some $400m then to start the Sonora mine. One would logically conclude that if BCN could not raise the initial capital, then it would need the help of REM, London based to obtain funding etc.

So, it was no surprise that the market gave REM a mkt cap of some £95m attributable as it was logical ie REM to take over BCN at £1.

However, that was not to be. Why, How - no one knows the story of what happened between BCN and REM. Well, I dont know what happened as I dont attend AGM*s etc.

REM essentially was going on to be a producer and miner. When the takeover was rejected, it was rather difficult then.

So, REM evolved into an investment co holding lithium stocks etc.

However, the lithium stock have been under pressure for some time now and this is commonly known. Even the Aussie co mkt caps have fallen.

So, the lithium portfolio is awaiting better times and since they are near or next to the known mines like Baldhill , Australia, it means that they could wait until their deposit runs out or if conditions are better, they could start the process of...?

So, it is logical to know look for an immediate source of funds via Amapa where they are going to sell the stockpile. From where I am sitting, the Spore private equity group may be more finance based. So, they may be looking to KDNC to provide the legals, technical report and the actual ops.

From observation, it would appear that KDNC wants to be in the driving seat eg Amapa. Perhaps, the Sonora project illustrated the difficulties of going the JV way? I dont know but that is merely observation and logic?

THE FUTURE?
One never knows what can turn up. For example, SXX went round and round for a bit of time until they found the Yorkshire potash project. Times are a bit more difficult currently due to the trade war etc and it affects commodities in part.

However, the Founder did introduce Glen to MMS and Cam did tweet that KDNC did introduce European contacts to them? Cam also showed pics of himself at KDNC London and having dinner with the Chairman of KDNC in London. MMS is listed in Canada.

So, one cant tell. That*s only my view as I only go by public info.

BDI MINING CORP
"Recommended Cash Offer" RNS 11 Apr 2007" - Investegate
Gem Diamonds [LSE:GEMD] offered BDI Mining cash of 37 pence, valuing the co at £41.9 million.
Put into Google search: " Gem Diamonds buys BDI Mining for £42m" Diamond.Net, 11 Apr 2007.

BDI Mining Corp: Final Results RNS, 5 Apr 2007 [named DL as Head]

My Comment:
This was all before our time. So DL is able to sell off his companies.

Lonrho plc
https://en.wikipedia.org/wiki/Lonrho

Per the link, Lonrho was sold for £175 million to a co controlled by Swiss billionaires.

I dont know what BDI stands for, so someone will have to point out details.

Cambrian Mining
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"As of July 12, 2009 Cambrian Mining was acquired by Western Coal Corp."
It was sold for $160 million.

https://www.lexpert.ca/article/western-coal-acquires-cambrian-mining/?p=%7C273&sitecode=DIR

Midas mentioned Cambrian Mining relating to David Lenigas.

David Lenigas tweet:
"Eagle 51 forgets Western Coal, BDI Mining, Lonhro all taken over totalling billions..." 21 May 2015
https://twitter.com/davidlenigas/status/579368919347118080

When I have more time, I will check further on the above and Cambrian Mining. I dont go that far back so need to research further about DL*s takeover co*s.