The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Mike. Be positive This share is cheap, very cheap and value will out in the end and that could be any day soon. Y is right complaining does not help. Count your blessings- you are in UK and you have some shares.
Mike. There is no point to this exchange, Apparently we both think KDNC very good value . I think the BOD has made excellent investments ant I think KM communicates well. Of course mistakes have been made but we don't know the problems that have occured -there is a pandemic which continues and there is a now a war in Europe -and something that continues is the rules and regulations tha PLCs have to comply with.
Mike. KM has made several presentations in the last two months and he has given a lot of positive information to shareholders. I certainly do not think shareholders have been starved of information. He was very definate about 7% and he would have had to advise shareholders if it was not going to happen.
Mike. Have you listened/watched the presentation gave on Feb 24th? That was detailed and very positive. Look on thge bright side- Amapa full of potential, lithium soaring in price and we are not in Ukraine. I find that more depressing than KDNC share price.
Kiran is speaking; chance to ask questions . See link below.
https://events.masterinvestor.co.uk/master-investor-show/speakers/
Mike. I can usually understand your posts but puzzled by reference to “LT/LS drilling opportunities to take us to 49% ownership is overdue IMHO” Not sure what relevance today’s posts on LT/LS may or may not have on any more shares being bought by us, but as said before, IMHO we need to concentrate on finalising our 27% in Amapa before we branch out yet further.
I do not doubt that 27% in Amapa is a done deal; KM has said it so many times.
Presenting at the UK Investor Magazine Metals & Mining Conference, Cadence Minerals detailed their strategy of investing in assets that are under-priced but have strategic advantages, which CEO Kiran Morzaria calls “de-risked” assets.
The AIM-listed company added that it invested in long-term partners which boast strong financial returns, and that the investee producer has based itself the correct commodity space, such as iron ore and lithium with demand estimated to keep rising in the coming years.
Cadence Minerals investments are currently in unlisted assets including a 20% stake in the Amapa Iron Ore project, scheduled to hit 27%, 30% stake in the Sonora Lithium project, Synergy Prospecting 31%, and 30% of the Yangibana Rare Earths project.
Cadence has a 8.2% equity stake in listed European Metals Holdings.
Amapa Iron Ore
Cadence Mineral’s flagship project is the Amapa Iron Ore which is expected hit 5.3 million tonnes of iron ore per year at full capacity. The asset was previously owned by Anglo-American and generated $171 million of profit during the period they operated the mine from 2007-2012.
Cadence has a 20% stake in Amapa which is set to rise to 27% for a total investment of $6 million. Cadence has a first right of refusal to increase their stake to 40%.
Feasibility studies are ongoing and the market will learn of updates in 2022.
Cadence Minerals added that maintenance and repair is currently ongoing for the Amapa mine, and they will continue post-finance talk to reconstruction and recommissioning until an estimated date of 2024.
The company said in terms of its creditors that it is looking for shipment of stockpiles to pay secure bank creditors, and hoping to lock-in long-term shipping contracts.
Cadence Minerals estimated that the GDP impact at state level for Ampara Iron Ore will hit approximately 4%.
Lithium and Rare Earths
Cadence has a portfolio of Lithium assets which are targeting the demand from electric and hybrid vehicles.
Cadence holds a 8.2% in UK-listed European Metals Holdings which owns the Cinovec Lithium mine in the Czech Republic and is well placed to serve the demands of European EV manufacturing.
Following an ‘outstanding’ PFS, Cinovec now has a NPV of $1.94 billion and a Total JORC resource of 7.39 Mt LCE.
Cadence is a 30% joint partner on the Sonora Lithium Project that has an NPV of $802 million. Cadence Minerals’ joint-venture Partner Ganfeng Lithium is ranked as the third-largest lithium compound producer globally.
Synergy Prospecting in Lithium Exploration is a speculative asset for the company, with some initial surface sampling complete. The company will announce its further steps following the results of its initial exploration.
Cadence Minerals has exposure to Rare Earth through the Yangibana Rare Earths project in Western Australia. The Yangibana Project holds a net value of $1.01 billion, and Cadence Minerals said the mine is expected to produce 1.7 million tonnes of ore in the latter e