Member Info for mrcautious

I know mining is slow, but that will mean that initial investers would have waited circa 12 years !!! Look what you could have done with that cash over the same timescale !!!

From RNS 2nd Sept 2020 :-

Cadence Minerals Holding in Macarthur



Cadence holds approximately 2.2% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on iron ore, nickel, lithium and gold in Western Australia. It also has a lithium project in Nevada, USA.

MikeB - agree with you under normal circumstances but you have a giant caveat in your post and that is that we actually get Amapa.

Cadence web site says 1% holding but recent RNS's say 2 and 2.2%.
Yes to get a bit of cash from EMH at its peak is not a bad thing IF USED WISELY, but as Amapa seems to be a never ending story it will just get spent on wages for the numties !

An earlier RNS states a 2.2% intereest in Macarthur !! Have the sneaky feckers been selling more family silver !!!!!!!!!!

Web sites shows 1% interest in Macarthur - has this gone down or am I imagining it ?

Dont dissagree mate its just that 1000's of people have now learnt to milk the markets for a few £100 every couple of days and its not likely to end soon, but a true breakout in a share will rub them out. Trouble is at the moment in EMH/BCN/KDNC etc etc there is nothing to hang your hat on breakout-wise, so they are just getting traded to hell....

I wrote to my MP about the "contracts for the chums" and as yet have had no response to this...

Sorry my bad, dont watch this too closely busy with other stuff -- however the rest of my post is still valid...

danl90 - Had to comment on your post, in that I dont think there are many investors that would take 55p in a takeover ! When the ESS sale is complete this will pay down a lot of the debt at CPI thus naturally lifting the SP to near this level IMO, which would make 55p a very poor deal for the potential business CPI has in the pipeline. They/we would be crazy-bad businessmen to take 55/60p !

Dont think so, its just people taking profits. The vast majority of AIM investors dont buy and hold for the long term they flip things for 10% etc....

I dont think you can trace where the institutional shares have gone unless they reach a 'reportable' threshold requiring an RNS...

A lot of the share boards get this wrong and babble on about if at the time of the trade it is above the mid point blah blah it is seen as a sell, HOWEVER for a society that put men on the moon and are close to creating quantum computers WHY is it so difficult for stock market trades to be tagged correctly !!!

Commiserations mate - usually happens to me !
Cant understand why this has gone to Rat Poo so badly but I'm sure it will recover.

Funny really equity raise here and its still stormin, over on BCN a cheap placing has turned the SP to Rat Poo !

I have traded this 3x now and made some nice pocket money, but I still dont see it as a key portfolio holding. I am surprised this is not on AIM given the way the company is run myself. Too much conjecture and manoeuvring in this co for my liking.

Some low level profit taking from people who were happy with 2% but some chunky buys later in the afternoon.

obs - doesnt look like you need to worry about that this tax year....

Well you are also invested in Zinwald by proxy holding this share actually...

Yeah ! Yesterday was a classic tree shake it seems !