Member Info for Microtan

I bought some Cadence shares last month and some more this month. That was after reading the RNS' and media reports. My Premier shares have been purchased mostly in 500k batches from July 2017 onwards. Both chat boards have complaints about holding large losses, but hopefully next week will bring reasons for us all to celebrate.

I hold shares in Cadence and Premier that are both in profit and therefore look to both BODs to increase value. Many companies hold a percentage of shares in other companies as that spreads their risk.

I have followed Premier's progress for many years and they raise cash to fund each stage of a development. Zulu has huge lithium reserves and is now at the stage to progress into production. The JV is mutually beneficial as Cadence has the expertise to facilitate this.

I expect simultaneous RNS' on Monday17th September by 7:30 am to meet the stock exchange timetable for the disclosure of price sensitive information.

"9.35 Decisions by the board of directors of a company on dividends, profits and other matters requiring announcement must be notified to a Regulatory Information Service without delay and not later than 7.30 a.m. on the next following business day."
https://uk.practicallaw.thomsonreuters.com/6-101-7488

randomfella1, I have no objection to valid points but you opened up a new thread so I was not aware of "option3".
fatsuperman has correctly answered your CIRCUM concerns however I do apologise for any unintended offence.

You are getting ahead of yourself. Lets see what the next few weeks brings before jumping to conclusions.

SP Angel report that APT European prices are stable at US$275-290/mtu vs the previous US$275-290/mtu.

KDNC have just released an RNS about their 12% equity interest in Macarthur Minerals.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals ("Macarthur", TSX-V: MMS) has entered into an exclusive advisory agreement with UK based Capstan Capital Partners LLP ("Capstan") to seek the necessary funding required to advance Macarthur's significant iron ore projects located in Western Australia.



Highlights:

· Macarthur owns 100% of the Macarthur Iron Ore Projects, which are located on approved mining tenements covering approximately 62 km2 and are located 175 km northwest of Kalgoorlie in W Australia. The Macarthur Iron Ore Projects consist of two distinct mineral projects:

· The Ularring Hematite Project: encompassing hematite iron ore ("hematite"), to be marketed as potential direct shipping and/or beneficiated iron ore; and

· The Moonshine Magnetite Project: encompassing magnetite iron ore ("magnetite"), to be marketed as a beneficiated magnetite concentrate.

· The Ularring Hematite Project has been fully approved for mining and the Company has been maintaining the core iron ore projects' assets in good standing with the Western Australian Government, since their discovery. The Moonshine Magnetite Project presents a very large untapped resource of mostly high-grade magnetite with an expected productive life of at least 50 years.

· The Company has been reviewing its iron ore projects in light of the emergence of rail and port capacity through to the Port of Esperance and the cessation of mining at Cleveland-Cliffs Inc's Asia Pacific Iron Ore projects and Mineral Resources Limited's Carina project.

Cadence holds approximately 12% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on lithium, iron ore and gold in the Pilbara region of Western Australia. It also has a lithium project in Nevada, USA.

The full release can be found at:

https://web.tmxmoney.com/article.php?newsid=6183182474537427&qm_symbol=MMS

They should gather at erupting volcanoes and try to stem the toxic flow.

The website is live and it says: -
"Circum Minerals is currently under maintenance. We should be back shortly. Thank you for your patience."
http://www.circumminerals.com/

Morgan Stanley may have completed the long-awaited liquidity event because if it were just routine maintenance, we would have been viewing the website normally last week.

We will know this for certain very soon and significantly that news could overtake the Zulu Due Diligence process that was extended until 14 September 2018.

If so, that will leave PREM able to consider more lucrative alternatives.

"S&P Global Platts Analytics estimates there will be more than 300m electric vehicles in a global passenger fleet of 1.7 bn cars by 2040.

A large proportion of the minerals and metals required to build this new climate-friendly breed of vehicles will come from Africa’s major resource producers."

https://t.co/TFEGKdUtWe

Charlie1984, we do have something legally binding.

RNS 13 August "The Company has already received written confirmation from the Ministry of Mines and Mining Development (the "Ministry of Mines") that under the amended Indigenisation and Economic Empowerment Act, RHA is no longer required to comply with indigenisation policies and that the proposed restructuring of RHA can proceed without approval from the Ministry of Mines."

This written confirmation is legally binding and it allows work at RHA to restart in tandem with the agreed restructuring.

Tungsten APT European US$280-300/mtu vs US$300-315/mtu as of yesterday.

RHA break even was around US$180-$200/mtu but we need to see the findings of the technical consultants who are finalising an assessment of the wolframite Resources contained in the tailings facility of RHA.

On 14th August, Premier expected to publish this updated technical report "shortly", so it could be published in September 2018 and may well coincide with the reopening of RHA.

No need to be overly concerned. We have already turned the corner to reach our goal.

The Zulu JV Due Diligence will be completed in 2 weeks time. Cadence would have pulled out much earlier if there were any issues. There are also other JV candidates available after the Cadence exclusively has lapsed.

RHA has been officially been signed off by letter and the transfer of ownership is proceeding exactly as agreed.

The RNS 14th August says "we have re-examined our bulk test on historic tailings at RHA and are confident that with improved tungsten prices at present, we are able to expedite reopening of operations using tailings as a supplemental ore feed."

Todays RNS confirms that drilling has commenced to further extend the open pit resource.

Todays RNS confirmed that drilling had actually commenced as promised. That is reason for excitement and that GR has again kept to his word.

The summary posted by degsie was more helpful and worth reading.

The disconnect between his assessment of Market Cap and the current £13.74m is partly due to Cadence's fundamentals not being fully realised by enough investors. The way AIM markets deters long term investment is another factor.

Premier African Minerals Limited ("Premier" or the "Company") is pleased to report that the Company has commenced the diamond drilling programme at the open pit at the RHA Tungsten Mine ("RHA").

As stated in the announcement dated 14 August, the Company plans to drill a series of fifteen, inclined, 50m deep holes to determine the depth at which the ore body is sufficiently consolidated to allow resumption of open pit mining. This stage of the drill programme is expected to complete by end September and noteworthy results will be published as they are available.


Simultaneous with this, the open pit is now being remapped using UV lighting. Near surface, wolframite is often coated by a thin layer of scheelite, another major tungsten ore mineral with a distinctive blue-white fluorescence. In the open pit, wolframite may be difficult to identify, however this scheelite surface is easily visible and is expected to greatly assist in tracking mineralised zones. Existing data, open pit mining over the past two years, previous drilling, surface mapping and this new drill programme when combined will collectively lead to a definitive understanding of the mineralisation in the pit and will guide the future of the open pit.


The Company expects to release details of potential reprocessing of historic tailings in support of the reopening of underground operations. Contact with the Government of Zimbabwe remains open and we expect that following the inauguration of the President, final hurdles on the equity restructure at RHA will conclude.

Quepensa, PREM has in writing received the stamp of approval for going ahead with the legal transfer of RHA and the next news will be about shipments of ore and progress on drilling the open pit to extend the resource.

Cadence have 2 weeks to complete due diligence on Zulu JV so expect news soon after.

Circum Minerals is website is currently under maintenance and "should be back shortly", possibly next week.

I hope that September will be a golden month for us all.

fulmar29 may well be correct about exercising warrants but 6,858,333 shares were admitted to trading on or around 28 August 2018 in bonuses to certain members of the board and senior management team, in recognition of the transformational progress management made over the past 16 months.
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ARCM&ArticleCode=3gopyfcx&ArticleHeadline=Directors39_Dealing

The earlier 250k x 2 and todays 330k x 2 would churn a fair chunk of these bonus shares.

The broker sells your investment holdings in your Trading Account and uses the money to repurchase the same investments within your ISA. They do both trades at the same time to limit potential share price movement.

On this occasion 22 seconds elapsed between the 2 trades with a £170 lower price in the latter benefiting the client. Most bed and ISA trades do not benefit the client though prices are sometimes kept low to retain more residual ISA balance. The prices here were 5.0p and 4.95p, around the highest for today.

It may have been a 70k buy split into 2 trades to keep the tranaction price within the maximum ask range.