Member Info for degsie

EVB . I agree now after listening to presentation. Please explain the $20-$30m estimate is music to your ears? I must have missed something.

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-to-production 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.
WHI fair value on Dec 29th 44p

Well worth listening to presentation. I did think that increasing share in Amapa to 49% was unlikeky but I now think it is strong possibilty. I shall listen again over week end, Certainly much potential and lesss of risk than bitcoins

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-to-production 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.

The value I have placed on JVs of £10m is their nuisance value to HAS and BCN/GFL and assumes that KDNC as the minorty partner in both JVs has no rights. Anyone entering into a JV should have some "protection" against being "legged over" but we shareholders do not know terms of agreements.

Pushed send by mistake.
I think Irelands is right valuing shares at the moment at44p but I have great expections "the sky is the limit".

Docmartin , Excellent summary .
Market Cap of KDNC £42m .
EMH investment £11m.
HAS Market Cap £250m. 30% of part of Yangibana £10m minimum.
BCN Market Cap £260m .30% of part of Sonora £10m minimum.
Odds &Sods £3m
Amapa ????

The WHI assessment is , in my opinion, cautious and suggests value of 44p per share.
WHI View: We view today’s news as the final step in resolving the ownership in Amapa, settling Cadence’s ownership, restarting shipping of the iron ore stockpiles as the iron ore price improves and finalising the economic studies to reopen the Amapa mine. The eventual scale of the Amapa mine project is a big prize in our view. We continue to see fair value in Cadence at 44p/sh, and will look to update this in light of the prevailing iron ore market outlook when the whole process is completed. Cadence is on the cusp of a transformational change into a brownfield iron ore development company.

We should know a lot more on Friday and I can only think that it will be positive anf there could well be news before then.

EV-B I am very impressed with your research, Keep it up.

A reminder to submit questions before 6.00pm on Tuesday to kperez@**********.co.uk. the answers to be released on Friday 14th.
If there are ***** in email address it shoukds be complated with v o x m a r k e t s.

Legalease. I'd like to think so but not today. The risk reward ratio is very much in favour of reward and in my opinion the share price should be 40p+, The potential value has been well set out by EV_Bull and I can see the price being £1+ in 2022.
Happy & PROSPEROUS New Year

This may have been posted ,
https://ukinvestormagazine.co.uk/cadence-minerals-a-small-company-making-a-big-difference-in-amapa-brazil/?mc_cid=66d3db9a3f&mc_eid=9265bc7c18

We do agree that KDNC is substanially undervalued.

EV_B. Many thanks for your appraisal of Amapa. I have been trying to value and ended up at £1+ for Amapa but could not value the JVs.
Difficult to understand why peoplw are selling at this level,

Alan Green
29th December 2021
07:30
Cadence Minerals
#KDNC
- Amapa Project - Execution of the Settlement Agreement with secured Bank Creditors. Cadence has already commenced its next stage of investment in the Amapa Project to increase its stake to 27%. CEO KIran Morzaria "..our greatest achievement to date as a mining investment company. We have already embarked on Phase 2, where Cadence will vest an additional US$3.5m to take our holding to 27%. Given the rate of progessthat I saw on visiting Amapa in October, I have every confidence that the day when our newly recommissioned mine re-commences production will come.." Chairman Andrew Suckling "..This is indeed a momentous day for Cadence. ..Having achieved what we set out to do, the work really starts in earnest. Bringing Amapa back to life has created a raft of new opportunities for the region and its community, with improved prospects for employment, health and education..."

Cadence Minerals: A Small Company making a Big Difference in Amapa, Brazil. CEO Kiran Morzaria “Once we understood the legal process in Brazil, we saw an opportunity for significant upside for our shareholders.. Our estimates suggest that once we reach our production targets, it will represent some 3.5% of the state GDP and could contribute some 4,200 jobs to the local and national economy." The final settlement is a remarkable achievement by any standards: in combination with the other unsecured creditors the settlement terms meant that DEV was now only paying 45 cents in the dollar.. There is no doubt that bringing Amapá back to life has in cycling parlance represented a Tour de Brazil equivalent for Cadence. Regardless, Morzaria and his team have now completed the mountain section, and with several stage victories, look set for a great team result as they transition from micro-cap explorer and investor to mid-tier ironore producer.

From RNS.
Cadence alongside Indo Sino entered into a Settlement Agreement with DEV and the Secured Bank Creditors on 24 December 2021.

Pippi. The RNS states "that it has entered into a binding agreement".

MrC . You are a bundle of fun. Do you ever look on the brightside?