Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Placing was required to ensure we secure the 27% ownership due to obligation to pay as soon as 20% is vested.
FOB Cost $22/t Premium product $160/t $30/t shipping Est $100-$90/t gross profit at current prices ($530,000,000 - $477,000,000).
Advancing talks with Great panther to potentially add resource and extend mine life towards 25 years.
Capex per tonne requirement around 1/3rd of similar new-build mines in Brazil.
PFS going really well, rapid progress being made
https://ukinvestormagazine.co.uk/video/?mc_cid=4e134916e0&mc_eid=9265bc7c18
I did think we'd be off to the races today after Kiran's presentation yesterday.He confirmed the potential of Amapa-, no problems with either state government or federal authorities. Very bullish about other investments - price of lithium substanially above figures used in forecasts .
Do have a look at presentation which is on KDNC website,
We need a few more shareholders to look on the bright side. A bargain at this price.
Mike. I think KDNC is able to buy and sell its investments as it wishes subjest to any agreements with other parties . KM is a director of EMH so he should be aware of what's going on and that may stress may, prevent buying and selling EMH. Insider trading!!!
The obvious reason is that the BOD think EMH is worth substanially more than current value.
Amapa is certainly worth more than current market cap of KDNC.
It wii be interesting to hear what KM has to say this evening.
Footsie is recovering
I would not welcome takeover as it would certainly be low at moment but it would certainly be at more than current price. Based on just the holdings in Amapa and EMH the current price should be more than 40p and as progress is made with Amapa should be £1 plus. The JVs and other investments add further value.
The link below enables you to be there.
https://ukinvestormagazine.lpages.co/feb-mining-uk-investor-magazine-metals-mining-virtual-conference/?mc_cid=fe4cd92a69&mc_eid=9265bc7c18
FIRST LIGHT
Cadence Minerals (KDNC) – Corporate – Update on Amapa as Cadence
transforms into an iron ore developer
Market Cap £45 Share Price 30p
Cadence today announces that the completion and filing of the required
contractual and regulatory documentation for the Amapa iron project in Brazil is
proceeding as planned and closure is expected in the first two weeks of February.
Once the process is finalised we will see Cadence transform into owning a
significant part of an iron ore development project.
In anticipation of closure, Cadence has begun work on the next investment phase
to invest $3.5m to gain an ownership of 27% in the project with the funds used
to pay for the Prefeasibility study. Consultants have been identified to complete
the Prefeasibility study from mine operators, through ore reserve estimation,
metallurgy, processing and shipping with a final review of the rail logistics study.
All will now be overseen by a new project director (Tony Cau) who has
considerable experience in the mining sector as an engineer for mining
companies and engineering consultancies.
WHI View: The crystallisation of a 20% (expected to soon rise to 27%) ownership
in Amapa will transform Cadence. We see the Amapa project as quick-toproduction project producing a premium product which will have a market. That
the mine was in operation before and closed for reasons outside its control
derisks the whole project in our opinion and we see Amapa capable of providing
significant returns to shareholders in time.
Cadence Minerals #KDNC - New Analyst Research website page
https://www.cadenceminerals.com/investors/analyst-research/