Member Info for Ilovesushi

In less than 2 years look what happened.

The Placing Price represents a discount of approximately 17.1 per cent. to the closing price of 24.75 pence per ordinary share on 1 February 2022, being the latest practicable business day prior to the publication of this Announcement.

Now selling shares for 1.5 pence. 1/10 the price.

Truly shocking destruction of value here. These people do not care for investors. Next discounted placing is how much?

Avoid. Ignore the billions of tons of ore it is supposed to have. No doubt now non viable with China dropping imports and the price falling.

Only More placings at ever and ever lower prices. AVOID . It may look cheaper but when money is gone they will sell more and more shares at a discount. shocking how they get away with it.

2 year throwback.

Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce that it has launched a placing ("Placing"), to raise approximately £3.5million through the Placing of new ordinary shares ("Placing Shares") in the capital of the Company to new and existing investors at an issue price of 20.5 pence per share ("Placing Price").

Lol

Next RNS that will say they are also please is some time early 2025 that they are pleased to raise funds at 0.75 pence.

Its going to happen.

China is not buying a lot of iron ore recently. Is the Iron Ore project viable any longer.

More placings to come for sure.

Shocking large discounted placings seems to be a things with this company. Very bad sign. When will be the next heavily discounted share placing? Obviously those who bought in April placing of at 3.0 pence when the share price was 5.25 pence sold pre-placing. Now I wonder are these shares being placed to the same people and are they pre-selling? If they were holding these guys would have to make a holdings announcement. WE do not see this so those who buy at huge discounts, they are all pre-selling. Its supposed to be illegal I know. Now who is it that is buying these massive discounted shares and when are they selling them?

BEST AVOID THIS COMPANY. ITS SHEER DESTRUCTION OF ANY VALUE HELD.

The only thing to look forward to is more placings. The company can only make money from placings...NOT good.

SHOCKING FUNDRAISE IS APRIL 2024

43 per cent DISCOUNT TO THE closing price of 5.25 pence per ordinary share on 4 April 2024, |

3 PENCE A SHARE.

£750,000 RAISED in July. Priced at 2.5 pence.

£1.000.000 Raised today. Priced at 1.5

NEXT RAISE IN THE FIRST QUATER OF 2025 MUST BE 0.75 PENCE.

DEATH SPIRAL...

AVOID AS MORE PLACINGS WILL COME

£750,000 RAISED in July. Priced at 2.5 pence.

£1.000.000 Raised today. Priced at 1.5

In 6 months time it will need more cash. OBVIOUSLY. So surely the next raise has to be done at 0.75 pence? Fractions of a penny as more and more shares issued at ever and ever lower prices. They company has wiped out any investor that ever got in.

Looks like a lifestyle company for the management.

Google has this down 99.6% over the life of the company. Anyone who invested in the yearly years lost it all. Seems like a history of failure. Will anything change? When will be the next placing?

Wow

Down 67% over the year. Few people if any ever made money here.

With China economy falling and resource prices dropping, this share could fall much further. Whole sector is in poor state. Share price has more to fall as realities set in.

If guidance falls short, they will have to put in more money into the project. Placing coming.

This will hit profits hard. One could ask with lack of power is the whole project even viable? Share price has more to fall.

Countdown to the next fundraise. Everyone by now should be very aware by now that this company is held up exclusively by placings. Its aways done placing to stay afloat and will continue on that path. That is all until investors refuse to support and give the management such authority to place. If the next placing is rejected as it surely must be, the company is going to end up in administration and others will buy out any IP the company has for a pittance from the administrators.

The only thing that will keep this company going is placings.

My earlier opinion seems to have been validate. Things are not good here. Looks like the shareholders will lose ownership and there could be an equity swap where lenders take majority ownership. Leaving shareholders severely diluted.

Many scenario could take place but either one looks bad for the common shareholder. Will creditors leave any value in the shares? I expect the management to make an announcement stating little value re cmains for the shareholder. Looks like the company will be put up for sale with income from sale paying off creditors.

Someone is going to take ownership of this. Earnings do not cover debt.

The company is no longer a going concern, even after the deal it has done on refinancing.

sell

Michael

You suggest:

"The answer is probably they know something".

If they knew something and trading on that knowledge, is this not illegal?

Its clear why the share price is down. Have to wait for them to be out now before it goes back up.

MOVING UP STRONGLY NOW.

Looks like this could break higher, much higher on the next bit of news.

I am expecting a good order for one of our products. Perhaps hopefully something that goes into an iphone.

More buys