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Dr Ryan D. Long, Director of Mining, Edison Research Tweet:

"This has implications for Cadence Minerals."
"-Bacanora potentially attracts lithium producer Ganfeng to its register and the SONORA project., in latest slew of deals. Though the valuation looks undemanding." 10 mins ago, Mon 20 May 2019

Dr Long wrote an article on the Ganfeng/BCN deal on Linkedin - conclusion: "Ganfeng*s proven expertise in developing lithium projects should help to DE-RISK the construction phase at Sonora."

https://twitter.com/DrRyanDLong/status/1130395024888344576

From the Bacanora Minerals RNS:

1)Ganfeng will invest £14.4m in Bacanora stock at 25p.
2)Ganfeng will invest 22.5% in SONORA PROJECT for £7.563m with an OPTION up to 50%.

David Lenigas, Founder of REM [new name Cadence Minerals KDNC] tweeted:
"This is absolutely blinding news for Bacanora and more so for Cadence Minerals. This will make KDNC OWNERSHIP of 30% of MOST of the OVERALL resource worth a lot of MONEY."
https://twitter.com/DavidLenigas/status/11303700001523941376 44 mins ago, Mon 20 May 2019

My Comment:
Appears no one sees it from the BCN RNS?

"Greenland*s push for bigger mining profile.- Government weighs TAX REFORM, other incentives."-Mining Journal.
https://twitter.com/AlbaMinerals/status/11293989128996004480 Fri, 17 May 2019

On-topic for Cadence Minerals [KDNC] as the co has the rare earth licence next to Kvanjfeld belonging to Greenland Minerals [ASX:GGG] in Greenland.

Attribution given to Alba who posted the Mining Journal article as above today, Fri 17 May 2019

Link: https://twitter.com/Brand_UK/status/1129370304231485440 [1 hr ago, Mr Alan Green from Brand UK on Cadence Minerals [KDNC].

From what I heard, Mr Green said that KDNC 10% stake in Macarthur Minerals is not reflected in the share price of Cadence. He said 10% of their value or revenues etc. Mr Green is a shareholder of Cadence Minerals. He also mentioned about iron ore in relation to Macarthur Minerals [MMS in Canada]. Also mentioned was the latest news about Glencore and MMS.

News
Fri, 17 May 2019

My comment: Mr Green gives a good overview of Cadence as always.

"We thank GLENCORE for their involvement and belief in Macarthur*s iron ore project."
-Cameron McCall, 2 hrs ago, Thur 16 May 2019
https://twitter.com/CamMcCall/status/1128998184653451264
[Mr McCall also embedded the announcement re: Glencore]

Cameron McCall also tweeted after that:
"David Lenigas: Now this changes the iron ore game for Macarthur Minerals with Glencore*s new involvment."
https://twitter.com/CamMcCall 2 hrs ago as dated today.

On-topic for Cadence Minerals [KDNC] as Cadence owns 10% of Macarthur Minerals [TSX] shares.
Mr Lenigas is a director of Mcarthur and former founder of Cadence Minerals [old name REM]

Thur, 16 May 2019

My comment: Cant say now that Glencore has not come out with their further involvement.

shareholder."- Australian Financial Review, 7hrs ago, Thur 16 May 2019
https://twitter.com/StefiTrenberth/status/1128873378373201920

"Galaxy Resources $22.5m buys bigger share of Alliance Minerals Assets Ltd."- 7 hrs ago, 16 May 2019
The West.com.au
https://twitter.com/HC_Haplo/status/1128862572298432512

On topic for Cadence Minerals plc [ KDNC ] as their Picasso project [lithium] is near or next to Alliance Minerals [ASX:A40] project at the high profile Bald Hill.

via RNS olf 30 April, 2019

The Open Offer to Shareholders etc - Range 15 -18p but final was 15p. Prior to the said RNS, the share price was around the 21p [+-] mark.

Per Investors Chronicle: After the de-risking, the share price should move up [posted the exact wording].
Shareholders said it would go to 14p and some even 6p.

History shows that the share price reached 15.1p mark.

Norway*s Sovereign Fund invested in Sirius Minerals and subsequent to the said RNS, there was a TR1 RNS to validate this. Norway*s said fund is the largest in the world.

SXX was also helped by comments by Berenberg.

Result: On Fri, 10 May 2019, the share price of Sirius closed at 19p [mid-price].

Historical now. As promised the co did release funding news end of Apr 2019.

Sun, 12 May 2019

"Rare Earth sees strong demand - wind farms and the EV revolution. Less weight, more power = greater range...."
"See SP Angel research for more info."-5 hrs ago, Wed 8 May 2019, SP Angel

https://twitter.com/SPAngelNews/status/1126058228180295680

On topic for Cadence Minerals [KDNC or REM previously] as Cadence Minerals Greenland is next door or near the world class Kvanjfeld project [Rare Earths] quoted on ASX: GGG. Cadence owns the Greenland licence 100%.

expands FINNIS total to 9.63 million tonnes at 1.3% lithium."-Proactive Investors.com.au 5.5.19
https://twitter.com/proactive_au/status/1125286833653538817

Quote:

"The co has established off-take pre-payment agreements and is negotiating further deals with some of Asia*s largest lithium consumers and producers."

My Comment:
On-topic for Cadence Minerals. They recent invested in 3 Australian lithium assets, one of which is near Core*s FINNIS project.

Chesh,

About to key out and saw your post.

Everything from IC is in " " as it should be.

Then, I use my comment on the said article or to highlight something from the article. So, the comment is mine. I dare not post that earlier in case I get roasted. However, since the Investors Chronicle mentioned it, I decided to post the Stock Mkt rules by which the City plays by. That means that Investors Chronicle uses that rule and therefore, I am merely explaining the rule. IC did say in their article that Shore Cap are sell-side analysts. So we await buy-side analysts comment.

Hope that clarifies.

Sat 4 May 2019

The above is from the Investors Chronicle dated 30 April, 2019 by Mark Robinson with thanks from laallee at 9:17am, Sat 4 May 2019

Highlights:

"..suggest a SUSTAINED SHARE PRICE RISE [ergo an incentive to convert] COULD FOLLOW now that the Principal Risk - a funding shortfall - has been eliminated."

"..its not as if bankers would have extended any lines of credit on the SCALE if investors hadnt been willing to stump out for equity again."

"..there is still a blue-sky element to all this.."

IC View:
Shore Capital-risked NPV 40p. Mine Life of 100yrs. The shares have been marked down but we remain long term buyers at 16.1p.

Comment:
I am posting for my own achives [record] to check in the future. It is norm that the stock market rule is to potentially rate upward once a major de-risking event has taken place per the above IC comment. As more risks are de-risked or otherwise, then accordingly it will reflect the substantive news [Efficient Mkts Theory].

Sat 4 May 2019

Finally, the person cited in the AFR Australian article as below is Elizabeth Gaines.

Wiki shows her C.V to be:
"She graduated from Curtin University and received a Masters in APPLIED Finance from Macquaire University."

Comment:
I will leave investors to follow the history of Fortesque from the time they borrowed the money from Chris Fraser, MD, Citicorp to the time of production in 2008. After that until 2017, there is still quite a lot of ....
The share price and mkt cap is dated 3 May 2019 [Fri].

One thing is for sure - it needs not only a bean-counter but one who can manage finances to the last detail and has the gravitas to network capital mkts. Hence why, its Applied Finance ie Application rather than theory?

A long road ahead.

Best wishes to all. That*s all from me. Done all the basic.

See you in 2021 - potential production date for Sirius Minerals per the RNS.

Sat, 4 May 2019

Andrew Forrest, Founder of Fortesque.
In June 2008, Mr Forrest was Australia*s RICHEST man at A$12.7 billion when Fortesque hit the ALL TIME HIGH."
Mr Forrest was a stockbroker and his 1st mining co was Anaconda Nickel [now called Minara Resource].
Note: 2008 from the previous post was the year Fortesque was supposed to have started production in the Pilbara,WA.

"Fortesque sells US$1.5bn in bonds to US INVESTORS to RE-FINANCE."-AFR, 10 May 2017

Highlights:
"It held US$4.3bn in gross debt as at Mar 31."

"The offering, which refinances US$976m in 2019 senior secured credit facility & US$478m in 2022 unsecured notes is expected to settle on or about May 12, the statement said."
"Principal amount US$750m & US$750m at 4.750% per annum and 5.125% per yr."

"...on improved terms."

"Fortesque, the world*s NO 4 iron ore miner, had long viewed tapping into US debt markets as a way to reduce gearing, a top priority after it spent more than US$10b building its mines."

Comment:
Posting this as someone mentioned that it is possible for re-financing etc.

"Fortesque raises $2bn in debt."-FT,15.8.06

Highlights:
"Ranks among the BIGGEST EVER corporate bond deals in the Asia Pacific region."
"Believed to be the country*s LARGEST High Yield debt financing."

"4 tranches:
$250m - 5 yr coupon yielding Libor + 400bp
Two 7 yr Tranches Euro 315m + $320m at 9.75^ & 10%.
Final tranche $1.08bn at 10.625%."

"Fortesque will have to service the debt WHILE it awaits production. Annual interest payment A300m."

"The co had signed supply agreements with Chinese buyers for the majority of its planned production of 45m tonnes a yr. Fortesque Metals will use the proceeds to develop the GREENFIELD iron ore project in the Pilbara region of Western Australia which is scheduled to START production in early 2008."

From the article: Investment Banker Chris Fraser - Sydney based at Citicorp.
[Linkedin CV- MD of Citicorp]

Comment:
Useful to have a benchmark to look at as is norm. So the interest payment of A$300m on a $2bn debt is 15%.
Chris Fraser was the MD of Citicorp at the time that lent Fortesque the capital to start production and he is mentioned as the investment banker in the said FT article.

Today, Fortesque is a A$22.47 billion mkt cap co with a share price of A$7.3 [ASX:FMG]
https://hotcopper.com.au/asx/fmg/

So, Fortesque [historical] did manage to build the mine. I have not checked the full history after the raising of the capital. To read, call up the title. Whilst this is a historical article, it is helpful to see how another co raised finance although it is iron ore vs potash [capital raising].

There is no inference of Fortesque & SXX directly but merely what bankers at the time required.

Please check as there can be copying errors.

Sat, 4 May 2019

Sharecentre said that SXX was 1 of their Top Traded Stocks all wk per the article. [Fri 3 May 2019]

HL - SXX is still currently No1 out of 10 stocks for Buy/Sell Ratios.
SXX Buys showing 85.17%, Fri, 3 May 2019. [Point cursor on the blue part]
No 2 is Lloyds, then Scottish Mortg Trust, BP, Glencore, VOD, BooHoo, Shell B, Ferrexpo & Premier Oil.

https://hl.co.uk/shares

"A first look down [and from the bottom up] polyhalite mine near Whitby. On course for production in 2021, creating 1,000 direct jobs. BBCLN 18.30"]

Fri, 3 May 2019
https://twitter.com/RocklandGail/status/1124347359431938048

Sharecentre*s " one of our TOP-traded stocks all week."

"..but with the agreement with JP Morgan represents a SIGNIFICANT ENDORSEMENT, not just of the business model but also a vote of confidence in the Management to DELIVER the finished mine and REPAY the large debt it has built up."

https;//twitter.com/IanForrest2/status/1124330591049199616 [3 hrs ago, Fri 3 May 2019]
By Ian Forrest, Analyst at Share Centre.
"New financing arrangements this week are a big boost for Sirius Minerals....."

The article: Threat of govt delay pushed Sirius to markets to fund Yorkshire potash mine, source." - Reuters, Fri 5 May 2019.

Full article is flashing above this page under SXX Share news.

Quote:

"Liberum Capital: He added the EXTRA COST is almost irrelevant given the SIZE OF THE PROJECT and the POTENTIAL MARGIN INVOLVED."

".more expensive but more timely."

"Boulby sales high as rival Sirius Minerals gears up."-Gazette Live,Teeside, 5 hrs ago, Fri 3 May 2019

Highlights:

"Teeside-Boulby :only Polyhalite mine in the world until Sirius Mineral*s £3.5bn mine comes into production. Demand for the Ground Breaking Fertiliser grows worldwide."

https://twitter.com/LONDONAIMCAP/staatus/1124298432200441857

For those who want to read the full article re: Cherokee101*s quote: "ICL claiming record sales of poly4 and trying to get to 1m tonnes by year end."

Fri, 3 May 2019

Link: https://twitter.com/StefiTrenberth/status/1124067222685736960 11 hrs ago, Fri 3 May 2019