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Well worth looking at - only 27minutes
https://www.youtube.com/watch?v=jQWmpj9-MJE
Cadence Minerals issued two separate updates on their Amapa and Hastings
Technology Metals investments this week. The Amapa iron ore mine has enjoyed
a revised licensing timeline which will ultimately expediate time to production.
Hastings Technology Metals has agreed to expand its offtake agreement with
Thyssenkrupp Materials Trading so that Thyssenkrupp takes up to two thirds of
their rare earths from Q2 2025
Cadence Minerals has provided an update on the status of the Sonora lithium project in Mexico. The company holds a 30% interest in seven project concessions through the JV entities Mexilit and Megalit, which are majority controlled by Ganfeng. Following the amendments to the Mexican mining law introduced in April and May 2023, the General Directorate of Mines (DGM) issued a formal notice indicating that all lithium concessions underpinning the Sonora project were cancelled, citing a lack of sufficient disclosure regarding the minimum investment obligations. Both Ganfeng and Cadence believe that the required obligations were met in full and sufficient evidence was provided to the Mexican authorities. The decision is not final and is subject to ongoing appeals. While the news is somewhat disappointing, we note that Sonora represents a relatively small part of our valuation of Cadence, which is driven by the Amapá iron ore project.
This not “new” news that the Sonoran lithium licences could be in
danger of expropriation. The matter has now been brought to a head and we
expect a binary decision from the administrative review. We already gave the
value of the Mexican assets a high-risk rating in our fair value (report 02.02.2023),
understanding the potential difficulties in country, giving them a 7.8p/sh value in
our SOTP fair value out a total fair value of 71p. In that respect today’s news does
not change our view significantly as we see the bulk of value in the Amapa iron
ore project in Brazil. However, if the Mexican government does not cancel the
licences, we would reduce our risk rating considerably from the 20% of NAV we
include now meaning that the licences, in our view, would hold significant value
to Cadence. This process is necessary, in our opinion, to remove the cloud
hanging over the licences and could, given a favourable review, provide a value
uplift for Cadence.
Https://www.youtube.com/watch?v=G_hsjMjB0XQ
Have listened/watched again. KM states towards end (after 30minutes) book value of assets is £42m.
It is encouraging to see some positive posts
A reminder- Irelands valued at 71p , Kemeny 44p and Edison 32p and potentially 57p
I think current price should be 30-40p increasing to a ten-bagger.
Bannor. I do know that I find your posts depressing ; not like Maddog who is just "stupid" but negative. If you really think posts don't affect share price why bother. posting. Unfortunately I could not go to AGM but I must assume from the lack of reaction that little was said.
I do agree with you that the directors should not be free to allot shares.
Bannor. I do think your posts and those of other negative posters are having a very negative impact on share price. I am certain that if I would sell if I did not see a substantial (10 bagger) increase in value.
Bannor. Ray Pugh and others. If you want a spike I suggest you stop your negative posts. You must think there is value in KDNC if you think it will spike. Worth reading links below.
https://www.edisongroup.com/research/a-mispriced-miner/32481
https://ukinvestormagazine.co.uk/cadence-minerals-investor-presentation-march-2023/?mc_cid=816e4f1ce6&mc_eid=4ee094b370
https://www.kemenycapital.com/research-note-cadence-minerals-feb-23/
Demand for vital resources such as lithium, copper, cobalt and nickel is expected to more than double by 2030, as the world rushes to build electric vehicles, wind turbines and solar panels in mushrooming quantities. Investment in developing these raw materials rose by 30 per cent last year to more than $40bn, according to a report this week from the International Energy Agency. Since mining projects take anywhere from seven to 20 years to realise, accelerating extraction is crucial.
Https://www.youtube.com/watch?v=h8kTpPl3FCQ
Presentation by CFO of Hastings. Only 20 minutes.