Member Info for news

I quote from the KDNC RNS of the last available a/cs dated 28.9.18

"Interim results 6 months ended 30 June 2018 [RNS 28.9.18] - Borrowings of £4.18m as at 31.12.18 REDUCED to £3.06 MILLION by END of the period as we PAID BACK our convertible loans. Available for sale ASSETS £9.946m.
Financial Review: It is important to note that this does NOT include our investment in EMH...classed as an investment in an associate and held at value £12.9m...classed as such as we hold in excess of 19% [See statement of financial position under ASSETS."

I also checked: "GOING CONCERN." Auditors did say it was a going concern meaning 12 months from the a/c*s date.

So, it was £3.06m balance and one does not know if they sold further as said etc...

Please check. DYOR

https://www.cadenceminerals.com

Tues, 26 Mar 2019
In reply to Garyn

garyn,

The verbatim figures are from the KDNC*s Interims.

I do not then figure out what they are doing or not doing and summise which could turn out wrong?

I give an example: "do the maths" on a gold stock. They had A$10m and did just 9 holes. I went to research from Australian peer co*s and found that it would not need A$10 but garrrrry*s boss said "do the maths." The latest RNS said they still had some £4m [not A$] and a stunning farm in by Newcrest. So, it appeared wrong and now fact.

Neither did GKP go to "0" per Gerrrry*s boss.

I posted the actual figures from the last interim KDNC RNS.

Good day.

mr james,

I got a bit startled at the figure. It was not so high.

MMS - CEO.CA

@Leon: "MMS currently in Frankfurt is Euro 0.12 [CAD 0.185 + 42.8% because maybe MMS is actually seen as oversold[!!] and has a buy rating in Germany in their research note they come to the conclusion: Just the start." [Finanztrends link given by @Leon]

-2 hrs ago, Tues 26 Mar 2019 [Time in UK 11.55 am]

https://ceo.ca/mms

<><>BALD HILL, Australia
Near to KDNC*s Picasso - HC Haplo tweeted and said they are awaiting off-take? I just glanced at it but I have not had time to check. The KDNC RNS of today, Tues, 26 Mar 2019 mentioned their Australian lithium assets?

So, as an investor, I am keeping myself informed of the developments so as to input "value modelling."

Tues, 26 Mar 2019

Good day all. Off for lunch.

mr james,

£4.5m you quoted is not reflected in the last interim a/c KDNC RNS?

I have just tested live price for KDNC at 11:05 &11:10 am, Tues, 26 Mar 2019 - they will take all my shares that are above normal market size at the same price as at normal mkt size.

This is after the KDNC placing RNS.

News.

Lol

The answer to the short-thesis - FUNDING via RNS today, Tues 26 Mar 2019?

So, it appears that the short-thesis saying they need to sell their mark-to-market stocks in their investment portfolio may not be correct?

As for me, an an investor in any of the stocks I hold [always reviewed for infection] I have produced a counter balanced view in the past since the short-thesis is a thesis, hence the term.

On another stock which many are familiar with, I provide views counter to "Britain*s most feared shorter"- that was his name and it was named as such. I have not heard of this gentleman and another in recent years.

I do not think that the famous 2 are shorting this stock - they have not declared this on Twitter as in the past.

The short-thesis - any chartered accountant/s on this forum that is an investor to answer?

Any genuine investor/s up for posting a Counter Balanced Note on Cadence that answers the Short-Thesis?

mr cautious

There is a difference between a short,
Short thesis - Sell note by mostly a layman etc but not usually licenced - This is to sell.
or Market float short by up to 10% which is within the rules.

There are official data for shorts eg in the USA.

I believe there is FCA list of shorts but I am not familar with this aspect as most of the small tiddles with small mkt caps, if shorted is via IG etc. I am not with IG. In the past, one can see it on open file.

I am not talking of pure shorting.

I mentioned short-thesis?

As for free-float market is short, that is something investors have no data on as that is permitted within the rules.

One can check on Twitter to see the short thesis, then re-tweeted and then posted to say that the price went down?

Please check on Twitter.

mr james,

You should check Twitter - there is a short thesis or what is known in the stock market as a short thesis. If it is in favour of a co, it is called a Buy note by a broker or Hold or Re-iteration.

The fact that it is called a short thesis is because it is a thesis rather than from a broker.

All thesis*s can be countered by data.

There is little point in a short thesis put out on Twit on on this forum unless it is to put out a sell note.

The short-thesis has nothing to do with the Glen story but I have not read the full thesis as it is via a pay-wall.

However, the author has engaged with myself and Ivybush on this forum and on BCN [KDNC owns 2.77% & JV with BCN].

P.S.

In the past, as soon as the sell-side thesis appears, investors contact the Founder via Twitter etc.

Shortly after, there was response and the situation is clarified.

So, it is up to investors to put forward the balance to the short-thesis. I noticed that both I and Ivybush have answered it via Twitter and on another board when this subject matter was brought up.

I am not familar with the current CEO or Chairman so there is no one to reach out to. Into the past, it is easy to reach out to the Founder via Twitter or the co.

So, it is up to others who have gone to the London AGM*s etc and who are investors to reach out .

It would be helpful?

That is what being an investor is about? Same as on the Canadian CEO.CA and a whole host of other global stock forums.

26.3.19

Quote:
@maddog38: "share share has been shorted to death the lowest short I no of..." at 8:18, Tues, 26 Mar 2018.
----
There was a short thesis posted and also online dated 24.3.19. Market observation does appear to show some correlation between short thesis and price.

Similarly, if the stock has "news" ie RNS, of a nature that is "material" it can also move a stock [up or down as norm].

In the former, it is a sell-side thesis and investors may provide a counter balance. To do so, one has to provide "factual" point-by-point support data?

That is a free market.

On the Canadian, American, Australian markets via their respective well known forums, people post vital and relevant research [eg Macarthur listed on the Glencore map of 5 iron ore projects globally and that they are in the 66-69%Fe category-this shows they are not interested in low-grade iron ore].

There appears to be objection contrary to a "free market"?

Hence, there has never been any "paid" posts re:research? No where in the UK, US, Australia or Canada has there been any reporting in the newspapers or regulatory bodies of such a notion otherwise there would have been action.

The stock market is about "valuation" per market principles and valuation is not in isolation - it needs data via research to back a valuation. That is what the Canadians are doing on CEO.CA $MMS - one of whom is a 4th yr Finance Student doing only valuation. There are others from what they post that they are also nuanced via their day jobs?

I am not editing so pardon typos. I have eye strain at the moment.

Tues, 26 Mar 2019

I have not been on this forum for many umpteem years. I have also not been on London South East for some years having taken a break.

However, someone tweeted me on Twitter about London AGM*s etc and parties. So, I asked some old-timers the background.

I noticed that for a long time that research was not being done. So, I started doing some on the NEX KDNC forum.
I had got as far as the Macarthur capex and said it was pretty hefty. Soon after the deal with Glencore came out.

Anyone invested will be interested in research as it could prove to be a turning point.

On CEO.CA MMS, they are doing the research but since no one is interested, I am posting it.

However, it would be good if people contributed but no one seems to do so otherwise there is no need.

With thanks.

I

LoL.

Because someone tweeted me recently about REM. Many are early REMers.

Founder of KDNC:

"Great to see Macarthur Minerals trading over 40 million shares today across all markets in Norther America.
That*s 75 million in a day trading and a half of taking for a co with 300 million shares outstanding. @macminltd $MMS @CamMcCall." 2 hrs ago, Mon 25 Mar 2019

https://twitter.com/DavidLenigas/status/110276916374839299

On-topic: KDNC owns 10.1% of Macarthur Minerals $MMS [Canadian listed]

@Money @Leon "Pretty awesome to see MacArthur on the GLEN MAP. They are indicating news coming up. Looking good." - 6mins ago.

Note: The link to the Glen map - 5 projects globally of iron ore, 1 of which is Macarthur shown on the Australian map was given in the last post to this.

On-topic as KDNC owns 10.1% of Macarthur listed in Canada.

Link: https://ceo.ca/mms

DYOR. Please check. 3rd party data - no warranties.

Per @KJMD43: " The average iron ore price over the last 15 years has been approximately US$90/t. This would make the OFF-TAKE with GLENCORE worth US$3.6B. "

"If MMS keeps their Opex at $50/t, that would translate to US$160M/yr REVENUE or US$1.6B over 10 years."

"If Capex/interest is about U$500m, MMS would have a Valuation of $1B give or take."

"Take 10-15% off that for other expenses/impairment and you would still have a US$850M Valuation."

"US$850m/300mm SH = US$2.83 or $3.54 CAD." - 17 mins ago.

@Monty222: "Little bit of a battle over the close there but the BULLS won." -17 mins ago.

Link: https://ceo.ca/mms

On-topic as KDNC owns 10.1% of Macarthur Minerals, listed in Canada.

Mon, 25 Mar 2019, 8.15pm UK time.

DYOR. Please check as there can be copying errors.

The Canadian CEO.CA $MMS are talking about us, KDNC:

@DK: "You have some insiders with serious holdings. Cadence has 30m shares etc." - 4 mins ago.

@tooearly:"32.6m with only 17.2m of it on the venture." 36 mins ago.

@DK:"Surpassed the Fri volume."- 37 mins ago.

@Leon: "GLEN now have hold in 5 continents for iron-ore projects. All the mines are 66% and up to 69%. Great for logistics.

"$MMS is making further headlines and made it already ON THE VECTOR WORLD MAP WITH ITS MOONSHINE DEPOSIT:-)." Link given: https://twitter.com/ZIOC_2018/status/1108771283003682818 [C L I C K TO SEE MMS DEPOSIT ON MAP OUT OF 5]

Link: https://ceo.ca/mms

On-topic as KDNC owns 10.1% of Macarthur Minerals, Canadian listed.
Mon, 25 Mar 2019
7:50pm