Member Info for EV_Bull

If you own shares it's (partly) your company, you should have a vested interest.

The message wasn't intended at you MBW but since you replied....
The point was, that in the time you've spent writing continually negative messages on here you could have been spreading the good news far and wide.
If you have some great ideas about spreading the word why wouldn't you share them with the board or crack on and do it yourself?
Your posts are having the opposite effect.

Go and spread the word then.... no point complaining on here about it.

https://www.reddit.com/r/CadenceMinerals/comments/sngah2/cadence_minerals_excited_as_first_phase_of_amapa/

The binding deal was in essence announced here on 29th Dec:
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=31142821540789137

With a follow on RNS stating all on track for completion:
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428223526507925

"We are pleased to announce that the completion and filing of the required contractual and regulatory documentation is proceeding as planned and we currently expect to finalise this in the first two weeks of next month."

Put yourself in the position of a placee, if you had 19,512,180 placing shares at 20.5 and could sell them at 21.5 you would make a circa 5% return in a matter of days by selling at that price (however cheap we think it is) netting £195,121 profit in only a matter of days from the £4.1m invested, add on top the open offer where many will be forced to sell just under 5% of their holding to re-buy in the open offer.
Once those cheap shares are bought up then the true market value will be much higher than today's price IMO.
Putting yourself on the other side of the deal, now is the time to buy because you are getting the forced sellers' shares at a substantial discount.

currently 5th on google news search for iron ore
https://news.google.com/search?q=iron%20ore&hl=en-GB&gl=GB&ceid=GB%3Aen

https://ukinvestormagazine.co.uk/cadence-minerals-completes-first-phase-of-amapa-iron-ore-investment/
“I look forward to reporting back to you on progress in the coming weeks.”

Amapa - Details on the 49% option

CEO Kiran Morzaria has stated the below in a 2020 interview available here:
https://youtu.be/mGhDQjFgP7k?t=541

"we'll be looking for project funding of $24 million, that will be project equity, that can be a new partner going into the asset at the asset level, so we'd still have our 27 percent or of course you know we could go up to 49 percent, it really depends on the economics, the great thing is we have choices here and then you look for one hundred and forty to one hundred and fifty million worth of debt financing which would fund the recommissioning"

Also discussed in the latest q&a as estimated $20m-$30m
https://www.youtube.com/watch?v=5iOT8agwzIY

P.S avg volume 0.8m today 2m

@TraderJohnsss It's pretty obvious @tomcat-14 pointed to the reason.... not sure what you don't get....?

It's this: "The open offer and placing has created some short term selling pressure", + see tomcat's comment

The open offer and placing has created some short term selling pressure, look at the fundamentals and you can see this is announcement is really great news for the company and it should be reflected in the SP in time.

Exactly, the SP will undoubtedly move up when all the placing shenanigans are beyond us.

Alan Green also discusses Cadence on Vox from 19:20
https://audioboom.com/posts/8026978-alan-green-covers-pets-at-home-coinsilium-cadence-minerals

in case you missed it Kiran on Vox Markets Podcast
https://audioboom.com/posts/8026866-kiran-morzaria-of-cadence-discusses-their-fundraise-increased-ownership-of-amapa

- 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

Just in case you're not on the pulse like Eric
https://www.independent.co.uk/arts-entertainment/tv/news/neighbours-channel-5-cancelled-b2008655.html

I'm not sure whether to short wood futures or carbon-fibre now.... please help

I'm not sure the relevance or oar prices? They are not using row-boats?

From my calculations extending the mine life to 25yrs would add approx. 25% to the NPV8 taking it's value up to $2.5bn from $2bn currently at today's iron ore prices.

Yes it was foreseeable, we discussed it on here several times, some preferred selling down EMH or other assets, some preferred a placing. We expected to take 20% first but we have the reasoning now as to why it wasn't done like that.

There is still tremendous value here at the current SP.

@cransley1 it has gone 'ex' for the open offer today yes:
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428222603782535

Have a listen, KM answers the why now, as Tomcat as myself commented on earlier.
https://audioboom.com/posts/8026866-kiran-morzaria-of-cadence-discusses-their-fundraise-increased-ownership-of-amapa

- 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