Member Info for Mullins58

£34m = KDNC = £5.1m

Ticking up 28 paid

Added a few more this morning. ATB

Mick Billing, Executive Chairman of Thor Mining, commented:

"These nickel and chromium assays are very encouraging, and well worth follow up programs".

"We appear to have a nickel bearing system of relatively impressive size, as indicated by the width and strike length, as currently known, and also by the relative consistency of the gossan samples along the gossan, and we look forward to testing this further."

"Global nickel pricing has recovered strongly recently, with Argus Metals quoting US$14,788/tonne at the time of writing".

"The next phase of work will be to review existing geophysical data, and potentially additional geophysics, to provide definition of potential drill targets".

"We also look forward eagerly to confirmatory gold assays from the stream sediment samples collected which contained visible gold in 17 of the 32 samples collected."

https://www.investegate.co.uk/thor-mining-plc--thr-/rns/pilbara-goldfields---nickel-assay-results/202008250830050780X/

https://www.proactiveinvestors.co.uk/companies/news/927357/metal-tiger-notes-southern-gold-deal-with-drilling-company-927357.html

.25 last / 255m

Ticking up 2.49 paid

filtered

.1147 paid

14 last / 7.4m

£32m = £4.8m up £300k from yesterday.

13.88 / 1.4m

13.87 last / 910k

13.30 last / 639k

paid 13.50

13.50 last / 262k

At the off 13.50

Great news. Will be adding this morning. ATB

Use of Proceeds



Cadence intends to use the net proceeds of the Placing for general working capital and to provide flexibility to the Company to repay loan notes from cash reserves rather than from its holdings in quoted investments. The outstanding balance on Cadence's loan notes, which were announced on 15 June 2019 and 1 August 2019, is currently c. £1.7 million.



Operational Update

As announced on the 11 August, Companhia Docas de Santana ("CDSA"), a public (municipal) company and the port operator requested some additional non-statutory contractual requirements and undertakings. DEV has provided the requested documentation, and continues to liaise with the State of Amapa and SEMA (Secretaria de Estado de Meio Ambiente). Cadence understands that SEMA will provide the required documentation imminently. Cadence will provide an update once the first shipment is underway.