Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bannor. RNS issued on June 23ed
The interests will be sold for A$9.0 million to be settled by the issue of fully paid ordinary shares in Hastings at a price to be determined based on 30 days VWAP before completion, which is set at six months from the date of signing of this agreement. The commercial terms are summarised below.
Post on Reddit
https://www.reddit.com/r/CadenceMinerals/comments/vpr5w7/due_diligence_lsekdnc_cadence_minerals_asset/
term: £37.5-92m
Medium term: £160-420m
Longer term: £1-2B+
Totals
Asset Date Minimum/Fair Present Value Sale/NPV NPV Potential
Amapa 2022-07-02 £10-30m £30-170m £450-1,200m
Sonora 2022-07-02 £12-45m £105-181m £500-900m
HAS 2022-07-02 £5.1m £5.1-12.4m £20-40m
Evergreen 2022-07-02 £1.81-2.5m £5-10m £10-20m
EMH 2022-07-02 £6m £15-45m £50-100m
Passive 2021-12-31 £687k £1-2m £2-4m
Cash 2022-07-02 £2-3m £2-3m £2-3m
Total 2022-07-02 £37.5-92m £160-420m £1-2B+
Bannor. If you bought 10/11 years ago Lenigas was in charge and he over-hyped the prospects.
In my opinion the present BOD have made sound investments and KDNC is very under-valued.
The Interim report this month should have good news.
https://www.reddit.com/r/CadenceMinerals
Well worth 5/10 miunutes. Sets out potential value
Obs. I do appreciate the regular updates that you and EVB post. I find it difficult to remember all the information. I did re-listen to KM's interview with Justin Waite - available on website - and that reminded me of the updates due shortly on Yangibana, Amapa and the deal with Evergreen.