Member Info for degsie

Positive news on Amapa, Yangibana, Evergreen and EMH . Just waiting for Sonora.

EVB. Thank you- a very good summary.

https://evergreenlithium.com.au/wp-content/uploads/2023/01/Prospectus-Evergreen-Lithium-13-01-23-ASIC-Version3135111.1.pdf
Worth a read.

Agree-very impressive.

Link to Vox Markets Jan 16th

https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-january-16-33d3912

1. Amapa. Shipping from stockpiles. Completion of DFS.
2. Sonora. Details of deal with Ganfeng,
3. EMH. Progress of development of Cinovec
4. Yangibana/Hastings. Completion of exchange of JV for shares in HAS
5. Evergreen. Listing on ASX

.

Good find DB. Alan Green says derisory valuation. KM to be on podcast next week.

https://www.branduk.net/cadence-minerals-kdnc-pre-feasibility-study-delivers-robust-economics-for-the-amapa-iron-ore-project-brazil/

Well worth listening to VOX markets podcast - 15 minutes - very positive

All the directors bought shares at 18.3p and in July KM bought shares at 9.9p.

Bannor. Your post yesterday. What is your target price for KDNC??

...oh I don't know .... I'd be very tempted to accept 30p per share...... 25p wouldn't be the end of the world & at least would be an end to this interminable wait ..

WHI View: The economics for Amapá are robust. It generates strong margins at our longterm iron price of $120/t ($100/t for 62%Fe plus a $20/t premium for high-grade). Our model shows that the project breaks even at a rate of 10% at an iron price of $85/t (including the premium) – so at price levels not seen for many years. This creates a strong starting point for Cadence to focus on its DFS and FEED process to create the economic framework to enable funding. Our NPV10 of $870m gives us $260m attributable to Cadence. Even using our standard risk factor of 20% (PFS stage project), which provides no allowance for existing infrastructure and historical operation, gives us a fair value for Amapá alone of $52m (£43m). This is well in excess of Cadence’s market cap and before any further allowance of Cadence’s other projects and other investments are included. Cadence is due a rerate in our opinion.

A positive pre-feasibility study from Cadence, providing a strong indication of Acampa's future profitability over at least a 16-year LOM. Based on these positive results, the owner of the project, DEV Mineração S/A, has decided to advance the project. Cadence owns 30% of the Amapa Project, with its JV partner Indo Sino Pty owning the remaining 70%. The ownership of Amapa is via the JV company Pedra Branca Alliance, which owns 100% of the equity of DEV Mineração S/A.

Cadence says next steps for Amapa will include include optimising capital expenditure, optimising processing plant availability and efficiency, and developing adjacent exploration targets to increase LOM. Following these initiatives, work on a feasibility study will begin, which we expect to further confirm or improve on the PFS's findings.

Overall, this PFS brings Amapa one step closer to production and provides further confirmation of the project's potential to produce a high-grade iron ore concentrate and generate strong returns over LOM. Further benefiting from integrated infrastructure under its owner's control, a well-established processing route, low capex requirements, and potential to increase its mineral resource in the future, Amapa remains an attractive investment opportunity for Cadence and its investors.

KDNC is ridiculously undervalued. Big danger to current shareholders is a bid at say 25p.

MY mistake -report id dased February

https://ukinvestormagazine.co.uk/wp-content/uploads/2022/02/Cadence-Minerals-Report.pdf

Article in UK Investor today
Cadence Minerals flagship asset, the Amapa iron ore project in Brazil, is moving towards key milestones in its development. The Amapa iron ore project was previously valued at $660 million by mining giant Anglo American. Cadence Minerals has a 27% stake in the project and first right of refusal to increase their stake to 49%.
In October this year, Cadence released a mineral resource upgrade that predicts the project will have a mine life of 15 years. The resource was upgraded to Measured and Indicated Resource of 229.48 Mt at 38.76% Fe, up from 176.7 Mt at 39.75% Fe. There was a step change in the Inferred Mineral Resource which increased to 46.76 Mt at 36.20% Fe, up from 8.7Mt at 36.9% Fe
The resource encompasses mineralisation that extends around 6.5km in length and 1.5km in width. The mineralisation is encountered at depths of 100m in some places. -t - “The results clearly indicate the robustness and consistency of the Amapá resource,” said Cadence Minerals CEO Kiran Morzaria when the results were released. Amapa PFS The upgraded resource will be instrumental in the pre-feasibility study (PFS) which is currently ongoing. The PFS is a crucial step in moving Amapa towards production and cashflows to support shareholder value creation. Pre-feasibility studies typically provide an indication of mining costs and production levels and are highly anticipated by investors. Amapa’s PFS and any subsequent definitive feasibility study (DFS) will attach a Net Present Value to the project based on Ore Reserves and other factors specific to the project.
A PFS and DFS will confirm the economics of a project and can attract larger scale investors to mining projects to provide funding for the final stages of development before production. These events are now on Amapa’s horizon.

Topped up at 8.30 but purchase not showing. I do think the buys and sells reported on here are misleading,

Extract from RNS issued on OCtober 31st

In June 2022, Cadence entered into a binding agreement to sell its working interests in the Yangibana Rare Earths project ("Yangibana") tenements to Hastings Technology Metals (ASX: HAS) ("Hastings") for A$9 million (£5.1 million) to be satisfied by the issue of fully paid ordinary Hastings shares. Cadence's 30% interest in tenements covers a small portion of Yangibana and potentially represents one year of the 16-year mine life. Cadence and Hastings are awaiting various regulatory approvals, and we anticipate that this will be completed by the end of the year.

I think KM makes regular presentations but I do think i it would helpful to hear from Chair from time to time. I believe Lenigas over-hyped the share when he was chairman and the share price has suffered from that.