Member Info for Bannor

Yes...sudden, short & to the point.... no reasons no thank you's - looks to me like a falling out or something distinctly unpally...

Oh I don't know MTV & TXO were worse in my opinion but I can see this ending up in the same toilet the way it's going ...

Absolutely nothing they have done has halted this runaway traincrash & other than spend the vast sums they have raised essentially little to nothing of what has been promised in production or sales has been achieved.

Unless TANESCO throw a lifeline or someone buys us out it looks to me like yet another abject AIM failure, a bin job & yet another AIM money pit down the proverbial s..hitter

Devise ... without a lot of trades & a fast moving SP that's not necessarily good to hear ... just infers to me that the bid & ask MIGHT be above where they actually should be currently...

Just re-read the first announcement & I think it is indeed just a required halt because of the attaching options of 1 share exercisable for every 2 shares taken up.... it mentions that the existing offer is withdrawn & would be reissued via ASIC & ASX

Hi TC, point taken how ever the halt says the it's in regard to a capital raise announcement & came shortly after the announcement about changing the terms of the raise for PI's .... I wonder if it may simply be mandatory on the ASX...I can't imagine they'd have another capital raise so soon (days) after the one they've only just announced!! ....but I guess anything's possible!!

We have another couple of days to wait...

**Charles Lew...

Yes indeed Mrs B - busy tonight with a couple of announcements.... only relates to changes for the PI element of their cash raise by attaching warrants to the PI element which weren't there already after representation/complaint to Charles Lee.....

https://www.asx.com.au/asx/share-price-research/company/HAS

Trying to promote FCEV take up or an acknowledgement the Li-ion has already won?

http://www.rns-pdf.londonstockexchange.com/rns/9166U_1-2019-4-3.pdf

What we've been waiting for a couple of days to read:

https://www.asx.com.au/asx/share-price-research/company/HAS

https://www.asx.com.au/asx/share-price-research/company/EMH

Gotta love the supportive comments they always attract LoL ...

https://mobile.twitter.com/CadenceMinerals

... so from different routes we seem to be arriving at a similar place ... you've got an upper limit of being worth £10-20M using NPVS & discounts which is up to .25 per KDNC share at current SCAP .... I've got to a lower level of .2p per KDNC share based on what I consider it might to do MMS share price in due course so your upper & my lower cross over .... perhaps .225p per KDNC share is reasonable ..... based on KDNC current SCAP leastwise...

Not sure it'll be for buying us out ... Kiran was talking numbers a lot higher than that for it as far as I can recall.... positions change though ... nothing posted up by Hastings yet after the trading halt so I suspect more news tonight our time...

OK, maybe it's just a new requirement.... the next couple of weeks will confirm it one way or the other in any event

Yep agreed .... so for MMS you're advocating their MCAP should be between 10 & 20% of the NPV (are you calculating that at $650M) so an MCAP around $65M or optimistically a 3 bag for them from where they are today so around 27c which should be around .05 on KDNC's SP .... however as also indicated both MMS & KDNC will be subjected to SCAP increases so the SP for both could be significantly impacted.

Them selling the asset is admittedly a potential game changer for both parties.

Still trying to get my head around this ... the headline/title infers that the placing is a done deal @ .15 is a done deal yet the texts in the details read like they're going to 'use best endeavours' having a long stop date' to get it done which infers it's subject to agreement & closing etc. Considering we're looking at effectively giving 10% of the existing company under this placing I'd have thought it'd be clearer than this.

Makes me wonder if there isn't someone (company) who wants to get 10% of the company (put someone on the board perhaps) & they're prepared to pay .15p per share irrespective of where the SP is at the time of closing the placing to do so ... which would also explain some of the other commentary in the announcement .... after all It's not the usual placing announcement is it ... where they just say they've done it, the amount of discount, the impact & little else....

Other thoughts welcome...

I have tried to explain on a couple of occasions why the rise on the back on the MMS news was massively overdone, initially lost amongst those numpties singing about how we had 10% of $4bn so will try again.

For each 5c on (or off) MMS's share price it's currently worth about 0.01p per share to KDNC ... so considering we were at .1 to .11ish when the MMS news broke & they rose from 5c per share to 15c that was worth about .02 in real terms on our SP ... or if you like .12 to .13 currently.

Given the feel good factor of the MMS news & the fact a few may have noticed KDNC for the first time I reckon we're probably about where we should be from where we were on the back of the MMS news .... you can argue whether that is truly reflective of our 'true' value or not & everyone has their own opinions on that ... but that is why in my opinion we are where we are & why I have given the values of MMS being at $1 &$2 dollars per share ... however there's a long way to go (18 months or so IMO) before they get there IF (note big if) they ever do as they're going to need money, drilling & time to prove it up & changes in their SCAP & ours will effect the impact on their potential SP & consequently ours.

On the plus side it no longer really matters What BCN's SP is as we've stuffed that already ....

Of more relevance (as I tried to point out the other day) is the MMS share price as that's what we own .....shares..... they MAY raise cash with share issues......

A $1bn MCAP over a SCAP of 500 million shares is an SP of $2 per share which at current SCAP equates to circa 0.4p to KDNC ...... a $1bn MCAP over a SCAP of 1bn Is a dollar a share worth about 0.2p to us.

So the questions that really need answering is not just what MMS MCAP Is likely to be but also over how many shares (especially if they raise by placings) & then what our SCAP might be at the optimal time in the future after the Minigases have issued shares in Cadence at the levels they're dishing them out as the more we have in issue will decrease the benefit to us as well issues they make themselves.

We've got 10% of MMS MCAP (as it currently stands) nothing more & nothing less ... so instead of working out what the value of the asset is your be much better trying to work out what it would do for MMS's SP...