Member Info for news

Typo: Its and expression.

Political? As in?

The rare earth ore has a surface express. Like a gold explorer, all they have to do to create value is to drill the required 15-20 holes [up to 300m] to declare a discovery.

That way, it puts the licence into play. Could we see this aka Sonora style?

It wont cost a lot.

I have been trying to find Kiran Morzaria*s video of him and crew flying over their licence in Greenland. Do you have a link? Thanks.

I have already tweeted the video over Kvanejfeld. There is also one on the TANBREEZ website.

I mentioned that Cadence never likes tweets but liked the one on Greenland: "Acquaint yourself with Greenland Mineral*s Kvanejfeld project and the rare earths realm." -Kalkine Media, 29.8.19 ["Kvanejfeld well positioned to be of GLOBAL significance, could supply rare earths for decades."

Comment:
Open the tweet and one can see that Cadence liked the tweet - its on open file.
By this, I know that Cadence is following the Greenland story especially Kvanejfeld. Kindly check.

https://twitter.com/LONDONAIMCAP/status/1167556244615376897

Quote:
"At Kvanefjeld, Chinese co*s are planning to BEGIN MINING both Uranium & RARE EARTH elements, the production of which China is trying to monopolize."

"The Chinese are also investing in Zinc & IRON ORE mines on the island."

"Buying Greenland as a whole is off the table, but China is r a i ding ALL-YOU-CAN-EAT-BUFFETT-THERE."

Comment:
Very interesting that they plan to begin mining as above. Cadence Minerals on their website said they are watching progress at Kvanejfeld. By progress is taken to mean the turning point. So the rush has began.

Oh, guess what? Our Founder managed to get the licence that "abuts" [see www.cadenceminerals.com ] Kvanefjeld. Is it co-incidence? Ah, no cos we know from the tweets that Mr Stanley Ho, formerly CEO of Hastings on ASX [JV with REM-KDNC at Yangibana rare earths, Australia] is a NEIGHBOUR. Oh, guess what, Mr Ho is now Chairman of Greenland Minerals & Energy [ASX listed GGG] whose co KDNC is watching for progress at Kvanejfeld. Just type Greenland Minerals & Energy to check that Mr Stanley Ho is the top cheese. Small world - I did say its who you know, who you mix with, who your contacts are etc.

More juicy stuff I am about to type. Is there something wrong with the software? I type chart, it turns out chat?

Macarthur Minerals [KDNC owns 9.2%] not so long ago announced that they obtained a 10 yr $4bn off-take deal for their iron-ore with GLENCORE. 21.3.19

The share price of KDNC shot up to 0.42p straight from 0.11p mark. Check the share chat at the top of this page.

Later, Glencore was also involved in the Macarthur $6m secured convertible note at $2m. 16 May 2019

The events that led up to this:
1) Cam McCall, CEO of MMS listed in Canada tweeted that he & Andrew Suckling was "talking deals" in a London restaurant with a pic of them.

2)Mr McCall also tweeted his location map of going to KDNC offices in London next.

3)David Lenigas, Founder of REM plc [now renamed KDNC] tweeted he introduced MMS to Glencore.

4)Mr McCall tweeted that KDNC / DL introduced European contacts. Glencore is in Switzerland.

5) Today, Barksy1 on KDNC posted the MMS announcement that Andrew Sucking has joined the board of MMS.

6)MMS *s iron ore project is in Australia [high grade 65% FE].

7)Now we learn that Glencore was also one of the potential bidders for Amapa [65% FE high grade] in Brazil. Amapa shipped to Europe etc but from Kiran Morzaria*s interview with Vox today, Fri 30 Aug 2019 he said the iron ore is going to be shipped to China. I had posted that there is demand for high grade iron ore in China earlier.

8)Glencore*s share price today is £2.37 with a market cap of £32.15 billion. By contrast, Anglo American*s share price is £17.74 with a mkt cap of £24.69billion.
So Glencore is no small player.

9)David Lenigas joined the board of MMS and he was there for strategy. MMS had wanted to initially sell their project prior to Lenigas*s appointment to the board.

10) Interesting that KDNC is now in that type of league with the big majors ie Glencore?

The old-timers would have seen McColl tweets etc as a few follow the Founder of REM*s tweets.

https://www.reuters.com/article/angloamerican-amapa-idUSWLA568420121102
2.11.12

Quote:
"Glencore has AMBITIONS to GROW in iron ore, a key steelmaking ingredient which it is NOT currently a MAJOR PLAYER, but the commodities trader has also been selective on the assets its t a r g e t s."

Comment:
A back-up to what I said in the previous post below. Kiran Morzaria on Vox Mkts today said that the Amapa iron ore is destined for the China market.

Fri, 30 Aug 2019 at 10.35pm

https://www.miningmx.com/news/ferrous-metals/19316-glencore-in-running-for-anglo-s-amapa/ 5.11.12

Quote:
"Glencore is reportedly joined by Russian steel producer Severstal, a privately-owned mining group Zamin and Australia*s Centaurus in bidding for the mine that Anglo first bought in 2008 as part of its $5.5bn Minas Rio acquisition."

<><>"AN INTERNAL VALUATION PUT AMAPA*S VALUE AT $1.5 BILLION, REUTERS SAID."<><>

Comment:
Who*s to say that the KDNC & Sino Joint Venture would not want to sell if they was interest as everything is saleable as norm? It was in 2012 with 4 in the chasing pack. Who*s to say it will not be of interest in the mkt given the higher price for 65%FE which is high grade at $110-119 currently per K.Morzaria in today*s interview with VOX?

Alan Green quoted as below [tweet] that the value of Amapa was US$600m with EBITDA at US$136m. At P/E 10, it would equate to US$1.36bn so roughly what Anglo*s internal valuation comes to at US$1.5billion as a counter-check?

Cost price to the JV: To re-commission the mine it would cost US$168 million minus $60m that will come from tailings?

Kindly check.

Fri, 30 Aug 2019 10.20PM

I was rather surprised that with 106 share posts on the main discussion site, there is NOT even ONE post that fully worked out the figures that is attributable to KDNC so as to obtain the various P/E scenarios, debt repayment from EBITDA, value, pricing etc which will determine the potential mkt cap in the 3 scenarios of best case, mid-case and worst case [minimum]. This is not to re-work new figures but to use the apportionment that will be due to KDNC matched against what Kiran Morzaria said in his last interview also with VOX Mkts.

Without these figures, how can one determine the KDNC position?

Alan Green*s tweet: " This acquisition is utterly transformational for @CadenceMinerals shareholders. $6m investment buys former #AAL @AngloAmericanBR iron ore mine worth $600m & with $136m EBITDA per annum projected ." https://twitter.com/AlanGreen/status/1167322871732953090

I note Mr Green sent this tweet with the embedded KDNC tweet and link to the rns which is marked "branduk.net/cadence-minerals..." Mr Green is from Branduk although he is also tweeting from his personal a/c and another from Branduk.

Interesting that for transparency, Mr Green sent his tweet to Cadence to make sure if the figures quoted are in error, the co can correct it. Also interesting that Mr Green sent Anglo American BR [official Twitter] this tweet quoting "worth $600m and the EBITDA of $136m"

This is Anglo*s figure in their Annual Report in 2012 broken into US$462m for their 70% share [total 100% share = US$600m] and is quoted in the various RNS*s of KDNC. It was earlier in Anglo*s books at US$866m [100% US$1.2bn] before the impairment. It had an annual operating profit of up to US$171m but this figure quoted today of US$136m has been brought down perhaps due to the fact that although iron ore is selling at $110-119 for 65%FE and $90 for 62% FE, KDNC is using $61-62 p/t for their projection as illuminated by Kiran Mozaria, CEO in his interview today with Vox Mkts, Fri 30 Aug 2019.

The figures ORIGINATE from Anglo American*s official Annual Return of 2012.

It appears to be compelling figures as quoted above from the tweet.

Whatever of the past being discussed on the main discussion will NOT detract from today*s KDNC RNS which has been sent to Anglo American BR*s official Twitter a/c for transparency and if the figs quoted are in error they can check and correct.

I take the view that what is discussed of the past, if it has merit, it can be taken to the FSA etc and to stand up at the AGM to make whatever is to be said open and transparent. That is the way of the rule of evidence based law.

Fri 30 Aug 2019 at 7.40pm
DYOR. Please kindly check all the articles out today from BrandUK, Cadence, Vox Mkts for the KDNC CEO interview.

I have used the Alan Green tweet figures quoted today [obtained per previous KDNC RNS from recall?] and calibrated today*s announcement re: Amapa KDNC RNS, 30 Aug 2019 to arrive at a figure. I then used Kiran Morzaria, CEO of KDNC*s Vox Mkt previous interview to re-check.

So, I am happy with my own figures. Since teamwork is under-rated, one will have to work with one*s own figures. Teamwork was of the past ie in REM plc days.

Fri, 30 Aug 2019

Its on the icon Share Prices on top of the KDNC page on Fri, 30 Aug 2019 at 9:40am. This is after this morning*s RNS on Amapa Iron Ore project.

DL: "The news from Cadence Minerals this morning is a big step forward for the then moving to real iron ore production in Brazil. They state the stockpiles of high grade iron ore at the port are worth US$60m net of costs. @CadenceMinerals Before year end revenue is my guess." - 21 mins ago, Fri 30 Aug 2019. Time now 8.50am.

https://twitter.com/DavidLenigas/status/1167342553169104896

New article:

"Acquaint Yourself with Greenland Mineral*s Kvanejfeld Project and the Rare Earths Realm."-Kalkine Media, 29.8.19

Quote:
"Kvanejfeld well positioned to be of global significance, could supply rare earths for many decades. #kdnc @CadenceMinerals." [Within the re-tweet. Open up the tweet to see that Cadence Minerals has liked a post about Greenland for the 1st time].

https://twitter.com/LONDONAIMCAP/status/11670264896

So, KDNC are keeping in touch with Greenland and in particularly Kvanejfeld as they said on their website on Greenland KNDC via www.cadenceminerals..com

HeidHoncho

I think your statement about "challenging" is rather a strong word.

I am making the comparison with the mkt cap of £9m vs a raise of £500k which is not 50%?

We have seen each other on an oily share wherein you said the shale for DL*s co is too thinly spread out or something to that effect or that was my perception of your technical which you quoted is from historical.

Everyone knows each other and you said you were an oil expert from what I understand.

Well, no one question it as it was a new phenomena ie the hybrid.

However, from what has now happened, over hundreds of barrels have left DL*s former co and no one has said anything.

So, as a team player, all that is needed to correct and take on board proportional % based on mkt cap.

Thank you.

All that was needed was to CLARIFY as a team player on your part.

If you are not agreeable, as per your post, then you have to do what you can for your shares in KDNC per company law procedure.

However, from the RNS from KDNC today, we learn that it is the INSTITUTIONS that want the shares consolidated.

Perhaps they are also going to support the raise so it is a matter of voting then?

I see the Kdnc shares have risen some 23% [delayed from the main forum]. As said from the last communication, KDNC has now delivered on AMAPA IRON ORE.

With thanks and good day.

Cheerio.

Up to everyone now to take care of their best interest and to exercise their shareholders right/s. I am, by doing due diligence.

And Observer842 is invited to check figures.

I notice £500k raise as an example is 50% of the mkt cap but in reality it is 5%. How? 10% of £9m mkt cap is = £900k so 5% is £450k.

I believe from what I read, Observer842 has an accounting background and everyone that post should have figures peer reviewed so that figures are checked or triple checked.

Since no one is keen to do the sums, often Observer842 is asked. Any one with accounting background in depth is kindly invited here or on KDNC Nex which is open for all to read. In all cases, one is advised to consult a financial advisor if unsure.

That way, one will not be getting the £4.50 Gilby report for KDNC which came from another forum in the days of REM plc.

Unfortunately, only the old-timers will be the only ones to know what WH Ireland*s broker report said etc since that has been taken down and replaced with the newer Hannan note.

I remember some of the details eg target price but have not remembered about the value attributable to Greenland etc. Observer842 knows the note well so he is asked. That is called checks and balances.

Everyone has chipped in and no one wants to share except Observer842 of the past figures so he is asked and for no other reason.

I keep in touch with KDNC*s associated market and the financial markets in whole or in part eg commodites and metals. All those invested are also keeping in touch as they know their market well on Twitter etc.

Lastly, for example MJ who said he has 40 million shares bought at 1p for £400,000 may also want to know how he is going to recover part or all of his investment. I am just giving an example and what he has expressed about his loss.

The AGM is a once a year event in London.

Posting on a public forum can only go so far and at some time, there comes a time when some want to know how the sums are going to add up.

So, for a 1p big holder to recover their losses, the mkt cap of KDNC has to go to £90m [currently £9m at 0.10p mark]. Somewhere, either earnings of minimum £9m a year has to be produced at PE 10, say or £90m has to come from sales of the assets or the market to re-rate the asset/s. That is the way the market plays by for any stock, be it FT100 or AIM etc.

So, clearly, something that people now want to clarify with the board especially the big holders.

I only used MJ as the others have not said how much they bought at so cant use an example

If the loss is say £100, then again, it is a different situation as one can wait it out or take some other action to hedge as is norm?

I think people now want to action their own portfolio of their KDNC shares and I think that is fair?

I can understand where the big holders are coming from. I have seen discussion on other forums on this sort of matters and action is no different and everyone does their own thing to exercise their own shareholder*s rights.

Hence, FH is doing what is right for her and others are doing what is right for them. I am doing what is right for me etc.

Hope that helps to now clarify fully this matter. Nothing is taking place on a private mode as this site is open for all to read.

P.S.

I was taught that one*s rights should not impose on the rights of others.

So, FH rights are going the way she wants it ie via the KDNC London AGM. Anyone wanting to attend need show their broker*s letter for attendance since it is usually held in a nominee a/c. Example at HL etc.

The big holders of KDNC want to go the way investment groups exercise their rights as big holders - that again is their right. For that, they need to show the large holding and again norm in co law of the 5% holder rule etc.

The big holder wants to organise voting and again, that is his right and those who want to join for example.

So, 1 group is NOT exerting any action on anyone else. Hence, why everyone is quietly discussing it and everyone is posting what they individually want to do.

Everything is open and posting on this site whether it is KDNC or KDNC.pl.

Hopefully, the matter is clarified.

The AGM is about to take place and people now want to prepare their own positions. I think that is fair to everyone as one does what one wants to exercise one*s shareholder right/s.

The board is fully aware as other people on this site have done it before whether at the AGM or to ask to meet the board or to vote. On on of the forums I visit etc, one holder has 6% and he was on the Sunday Times Rich List at 200+. Now, as an example, he can exercise his shareholders rights as he has the 5% threshold and by this he does not only have the right at AGM*s but can call a General Meeting via a resolution, again within company law.

DYOR.

I think some clarification is needed here.

Bigdouble has 60m shares in Cadence Minerals, MJ said he has 40m shares bought for £400k [per his post from recall] and another chap said he has 75m shares. Ivybush has more than 1% of KDNC shares which will work out to 103-110 million + shares. To have a meeting with the board as most investment houses do, they need to hold some 5% at least or a bit less depending on the organisation. So, 5% will equal some 500m + shares whilst the holders as above hold 278m shares.

The big holder bigdouble wants to organize voting etc per his post which is the more straight forward way rather than the BZT shareholders group who only want to meet the board and put forward suggestions going forward to realise value. Their share price was once 50p , now 0.10p+ although history now.

The big holders are entitled to approach the co in this way which also meets the rules of company law for the 5% holding.

So, NO ONE else has been asked to show shareholding etc as it will be up to the big holders what they want to do. That is their right.

As for me, asking Ivybush & Obs and others to KDNC.pl [KDNC on Nex Exchange within this site] is so that we can discuss further and in finer detail what Ivybush wants to ask the board at the AGM.

So, different groups want different things and that is up to each one to join who*s group.

As for FH, I have checked and she does get a tick up or two. I note everyone get a tick or two in general so that*s the norm.

What FH has suggested is norm for AGM*s and that is also up to everyone to attend and obtain their rights as shareholders whether with 1,000 minimum shares usually or 103m shares.

So, what is being talked about is an entirely different thing to FH and each group is doing different things.

Just go round to the forums - this has happened and nothing new.

So, there is no point on discussing all the detailed aspect on this forum to clog it up and what is being discussed is transparent as one can type up KDNC.pl and it is an official site for KDNC shares on Nex exchange - same forum.

Not everyone wants to know the detailed questions to ask. Each one has different needs and questions for the board. That is up to each one.

Hope that explains matters.

I was about to turn in for the night and wanted to look at one site when I thought I would look at this site to see how the discussion ended.

With thanks.