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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.
Metals & Mining
Metals & Mining
Metals & Mining
Metals & Mining
Mining Analyst
Kiran Morzaria
CEO
Forecast net debt (£m)
6.2
Forecast gearing ratio (%)
33
| % | 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 |
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 |
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