Member Info for Scoobydoo321

I'm not a mining expert - but I will give this go to ascertain the size of reserves at Yangjibana.

First - Hastings Tech - listed on Asx - total MV circa £164 mn. They have been drilling Yanjibana since 2014.

Now
Per https://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/
The total reserves at Yanjibana which are under the JV arrangement with Cadence's interest is stated here.
The probable ore reserves of rare earth are 2,074,000 tonnes.
BUT
Per latest Accounts of Hastings - https://www.investi.com.au/api/announcements/has/ba142d5c.pdf
The reserves stated on Cadence's website HAVE BEEN SUPERCEDED with new estimates which are circa 13% MORE (assuming the 13% is spread evenly across all reserves)*.
So Probable Ore Reserves within tenements held 30% by Cadence are : 2,074,000 x 13% = 2,343,620 tonnes
With 0.43% ND2O3+PR6O11.
Now in terms of monetary valuation - can someone know?

* Per Hastings accounts - @In November 2019, an updated JORC Mineral Resource estimation was completed by independent consultant David Princep from Gill Lane Consulting, incorporating all known drilling results from Bald Hill, Fraser’s, Auer and Auer North, Yangibana and Yangibana North deposits. A complete geological re-interpretation was completed which defined thicker and more coherent zones of mineralisation based on Total Rare Earths Oxide (TREO) as opposed to the previous interpretation which used only Neodymium and Praseodymium (Nd2O3+Pr6O11).
The mineral resource update resulted in 13% more, or 1.7 million tonnes (Mt) increase, in Measured and Indicated tonnes
to 15.40Mt @ 1.12% TREO."

Given the dropportunity - just bought some more KDNC.

Just noticed that RBW and MKA have both rocketed. Likely due to article
https://www.ft.com/content/d3ed83f4-19bc-4d16-b510-415749c032c1
and "China looking to block rare earths exports to us military , Bloomberg."

I don't think PIs know that Cadence Minerals (KDNC) also have a direct interest in rare earths.
This is through their 30% JV in Yanjibana with Aussie listed Hastings.
https://hastingstechmetals.com/projects/yangibana/
and
https://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/

On Cadence Minerals' website:
"The Yangibana Rare Earth Project and Details of Cadence Ownership
Cadence holds interests in tenements covering the some of the prospective Gifford Creek Ferrocarbonatite Complex. Through wholly-owned subsidiaries, Cadence holds:-
30% interest in 3 Mining Leases, 6 Exploration Licences, and 2 General Purpose Leases.
3 Mining Licenses Include:M09/159,M09/161,M09/163
6 Exploration Licenses Included: E09/1043, E09/1049, E09/1703, E09/1704, E09/1705, E09/1706
2 General Purpose Leases: G09/11, G09/13

These tenements are shown above. The tenements in which Cadence holds a 30% interest are in joint-venture with Australian listed Hastings Technology Metals (“Hastings”) and Hastings carries all costs up to the decision to commission a Bankable Feasibility Study.

Background
The Yangibana Project (the Project) is a significant Australian Rare Earths Project, containing substantial Neodymium and Praseodymium resources. The Project currently covers approximately 650 square kilometres. The Project is located in the Gascoyne region of Western Australia, some 250 kilometres northeast of Carnarvon."

So Cadence stands to be a key beneficiary from this, besides MKA and RBW.

Just noticed that RBW and MKA have both rocketed. Likely due to article
https://www.ft.com/content/d3ed83f4-19bc-4d16-b510-415749c032c1
and "China looking to block rare earths exports to us military , Bloomberg."

I don't think PIs know that Cadence Minerals (KDNC) also have a direct interest in rare earths.
This is through their 30% JV in Yanjibana with Aussie listed Hastings.
https://hastingstechmetals.com/projects/yangibana/
and
https://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/

On Cadence Minerals' website:
"The Yangibana Rare Earth Project and Details of Cadence Ownership
Cadence holds interests in tenements covering the some of the prospective Gifford Creek Ferrocarbonatite Complex. Through wholly-owned subsidiaries, Cadence holds:-
30% interest in 3 Mining Leases, 6 Exploration Licences, and 2 General Purpose Leases.
3 Mining Licenses Include:M09/159,M09/161,M09/163
6 Exploration Licenses Included: E09/1043, E09/1049, E09/1703, E09/1704, E09/1705, E09/1706
2 General Purpose Leases: G09/11, G09/13

These tenements are shown above. The tenements in which Cadence holds a 30% interest are in joint-venture with Australian listed Hastings Technology Metals (“Hastings”) and Hastings carries all costs up to the decision to commission a Bankable Feasibility Study.

Background
The Yangibana Project (the Project) is a significant Australian Rare Earths Project, containing substantial Neodymium and Praseodymium resources. The Project currently covers approximately 650 square kilometres. The Project is located in the Gascoyne region of Western Australia, some 250 kilometres northeast of Carnarvon."

So Cadence stands to be a key beneficiary from this, besides MKA and RBW.

Just noticed that RBW and MKA have both rocketed. Likely due to article
https://www.ft.com/content/d3ed83f4-19bc-4d16-b510-415749c032c1
and "China looking to block rare earths exports to us military , Bloomberg."

I don't think PIs know that Cadence Minerals (KDNC) also have a direct interest in rare earths.
This is through their 30% JV in Yanjibana with Aussie listed Hastings.
https://hastingstechmetals.com/projects/yangibana/
and
https://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/

On Cadence Minerals' website:
"The Yangibana Rare Earth Project and Details of Cadence Ownership
Cadence holds interests in tenements covering the some of the prospective Gifford Creek Ferrocarbonatite Complex. Through wholly-owned subsidiaries, Cadence holds:-
30% interest in 3 Mining Leases, 6 Exploration Licences, and 2 General Purpose Leases.
3 Mining Licenses Include:M09/159,M09/161,M09/163
6 Exploration Licenses Included: E09/1043, E09/1049, E09/1703, E09/1704, E09/1705, E09/1706
2 General Purpose Leases: G09/11, G09/13

These tenements are shown above. The tenements in which Cadence holds a 30% interest are in joint-venture with Australian listed Hastings Technology Metals (“Hastings”) and Hastings carries all costs up to the decision to commission a Bankable Feasibility Study.

Background
The Yangibana Project (the Project) is a significant Australian Rare Earths Project, containing substantial Neodymium and Praseodymium resources. The Project currently covers approximately 650 square kilometres. The Project is located in the Gascoyne region of Western Australia, some 250 kilometres northeast of Carnarvon."

So Cadence stands to be a key beneficiary from this, besides MKA and RBW.

Just added few more to my position.

Just noticed that RBW and MKA have both rocketed. Likely due to article
https://www.ft.com/content/d3ed83f4-19bc-4d16-b510-415749c032c1
and "China looking to block rare earths exports to us military , Bloomberg."

I don't think punters know that Cadence Minerals also have a direct interest in rare earths.
This is through their 30% JV in Yanjibana with Aussie listed Hastings.
https://hastingstechmetals.com/projects/yangibana/
and
https://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/

So Cadence stands to be a key beneficiary from this, besides MKA and RBW.

Traders selling out? Just like IRR (lost 20%+ from ATH a few weeks ago) ? People who can can not see the long term prospects of the company. Kdnc is going to be massive for the EV / green revolution.

Look at it this way - the fundraise was at 30p. Right now the price is 32p. That's just a premium of < 7% + the big boys coughed up millions. From that perspective, things look much more encouraging.

Further review -
- Although limited overseas hols - forex wise - beneficiaries of the demise of Thomas Cook, will include HAT and RFX.
- Abermarle and Bond's closure = less competition = fortifies HAT's no.1 position as UK's no.1 pawnbroker.
- Small independent pawnbrokers must have had a hard time during covid / potential closures.
- Shops coming to rent review will surely be negotiated downwards = reduced rental expense.

Overall, post covid, IMO HAT will come out stronger than they went in furthering their market leading position and with the perfect macro environment for them to thrive.

To Plod /
To the question "In the 25/1/21 trading update the company said they “expect an outcome within previous guidance” with respect to the FCA review but for the life of me I cannot find anywhere in their statements they provide even a ball park figure of any redress they may owe. Over the 6 year period under review they have made 11 million in revenue so could it be possible they have to repay all of that? If anyone has any sources I would appreciate it if you could share. I’ve been watching this share for ages now and really want to buy in its just this review is really putting me off. Thanks."

From March 2020 - Simon Thompson - Investor's Chronicle - "...It’s worth flagging up that 17 per cent of H&T’s personal loan book of £16.6m consists of near prime loans and only 10 per cent is high-cost short-term credit (HCSTC) unsecured loans, all of which will mature by the year-end. H&T continues to work closely with the Financial Conduct Authority (FCA) following a regulatory review of certain aspects and files of the HCSTC business."

For further details, you may need to go back to each respective financial year to determine the HCSTC. GL

They have on top of my head 130 stores, that's alot of biz rates savings.
Always excellently run, top brass has always been top notch.
Also, many sites I understand are due for renewal = rent expense decrease.
As mentioned, this year, not much travelling, much of the time of UK public is going to be in the UK = great for the high street retailers like SHOE.

Hi Chris5
If you refer back a few pages - you will notice the reason - there is a seller who is likely to be CB, a ex-shareholder and his intent is to likely sell out his holdings. How many left? Not known, do refer back to the pages before you. Notwithstanding that, this is one of my top 5 picks albeit all holders are not sure when this share is going to rocket once CB finishes selling.

Correct me if I am wrong EV Bull, w.r.t the Anglo American value of $600mn - was that not the DISTRESSED value. Now I am no expert but I had presumed (could be wrongly) is this the NPV at the time it was purchased (which I presumed) or is the $600mn reflective of current market prices ?

I think potentially the crystallisation event where potential is translated to a permanent re-rating is likely to be when the accounts / FY results come out. This time round, the NAV p.s should be pretty beefy given the commodity price rises. With Kalahari, MTR are sitting on $$$ with the EV play. Just a matter of time that SP reflects its value. Best to look at this as another opp to buy more. ..it's at or very close to the support level.

You're right TBTT about the seller. From the impression of Stockopedia's write up on THS today, I could imagine that many prospective investors, on their initial screening, may have been slightly put off with this suggestion of a chrome tax (without digging further into the issue and finding out how silly the idea of tax is in the first place). Of course, the tax is not set in stone yet. I remain extremely bullish on THS.

I think there's a degree of uncertainty for investors given whether the tax will be imposed or not. This may be feeding into the SP.

1 down, 3 to go !!!

Lockdown was to ensure NHS wasn't overwhelmed. We are nearing that stage.
Continued lockdown will screw the economy big time. The gov does not want this to happen.
And Covid appears to go rampant during winter as opposed to summer where it quietens down.

Provided no lockdowns in the future, SHOE has ample liquidity to sustain themselves during this period. SP over medium term is highly likely to rise given that 50's appears to be support level. This is seen with last TU where SHOE gave c r a p p y results, knocked the stuffing out of the stock temporarily and then it shook off the dust and continued going.

Thanks Surprised. A few of these steady eddy stocks in the portfolio are great - got a few of these types in my pf. Will look into RST further. Cheers. GL

Robina - EQLS have changed their biz model. B2C model (fairfx) has been superceded by B2B model. Since recovery of EQLS should be focused on B2B revenue generation and not B2C. So I do not think that it will take 2023 for recovery. Look at the most recent TU, they are recovering based on B2b model. So whilst B2b margins are smaller than B2C, the volume (+ repeat biz) of the B2b model is much larger.

Hi Surprised -
Do you know why RST is trading at these levels? Should be 400p+ Just doing a bit of research on this co. Why the negative sentiment on ths co. ? Un s e xy?