Cadence Minerals (AIM: KDNC)

Currency in GBP

Last close As at 09/06/2023

GBP0.09

−0.10 (−1.16%)

Market capitalisation

GBP15m

Cadence Minerals is an early-stage investment and development company in the mining space, with a strong historical exposure to the lithium segment. In addition, it owns 30% in some tenements related to the Yangibana REE (Rear Earth Elements) project through a JV with Hastings Technology Metals.

Latest Insights

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Metals & Mining

Cadence Minerals — Moving ahead with Amapa

Metals & Mining

Cadence Minerals — Steadily cantering through

Metals & Mining

Rare Earth Minerals — Update 14 January 2016

Metals & Mining

Rare Earth Minerals — Update 14 January 2016

Equity Analyst

Andrey Litvin

Mining Analyst

Key Management

  • Kiran Morzaria

    CEO

Balance Sheet

Forecast net debt (£m)

6.2

Forecast gearing ratio (%)

33

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (15.0) (33.3) (38.7)
Relative (13.1) (30.5) (38.1)
52 week high/low 16.6p/8.5p

Financials

Cadence Minerals is an experienced investor in mining projects and companies with a portfolio of early-stage and advanced assets spanning lithium, iron ore and REE industries. The company gained early exposure to lithium and, while it retains stakes in a number of lithium assets, it has recently completed a 20% investment in the Amapa iron ore project, a past producing mine with associated transport infrastructure in Brazil.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2014A 0.0 (1.3) (1.6) (0.03) N/A N/A
2015A 0.0 (1.6) (2.1) (0.03) N/A N/A
2016E 0.0 (2.0) (2.2) (0.03) N/A N/A
2017E N/A N/A N/A N/A N/A N/A

Research

Metals & Mining

Cadence Minerals — Moving ahead with Amapa

Metals & Mining

Cadence Minerals — Steadily cantering through

Metals & Mining

Rare Earth Minerals — Update 14 January 2016

Metals & Mining

Rare Earth Minerals — Update 14 January 2016

Metals & Mining

Rare Earth Minerals — Update 23 November 2015

Thematics

Metals & Mining

Critical minerals: The investment vacuum

samuel-scrimshaw-kp_87tExCwI-unsplash

Metals & Mining

Lithium’s adolescence

Metals & Mining

Lepidico: Offer closes, oversubscribed

Consumer

IPO apocalypse

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