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Obs @ your 09:22 ..... not knowing how to value it based on what didn't stop Kiran indicating that both Yangi & Sonora were worth $200M each to us when justifying how we could get to 2.18 per share (pre consolidation) did it....you know the one where he gobbed off & announced to the world that Bacanora would raise at 25p some time before they'd even announced it themselves ... I remember it well... shame they didn't post the webinar publicly afterwards so we could all listen to it again eh?? .... but then I think Secker may have had something to do with that LoL ......
Apart from the posters who are trying to undermine share price do I detect a consensus including the “moaners” that KDNC is undervalued and that the completion of Amapa will trigger a substantial increase in value of KDNC?
Degsie LTHs were also “made aware of the potential” of Sonora and Yangibana years ago and although we have been “made aware of the potential of Amapa” I don’t consider “6 WEEKS” since the last podcast to be sufficient comms especially when the SP has been on a persistent decline since with no reason given.
Bannor I hope that you are wrong
Observer and EVBull Surely any legal/court or any other progress would be notifiable, more or less immediately?
Podcast interviews appear to be simple and cheap to arrange and perform/conduct and should therefore be conducted more frequently IMO. I don’t buy the theory that if there is nothing to report none are necessary because how can there be nothing to say when the MCAP has altered so much since the last podcast? GLA
@degsie & @Mer. I understand your frustrations around our joint venture valuations, but it's tricky to value them. Sure, @Kiran could value them based on sunken costs, or NPV based on existing mining plans. But I suspect there is a risk in stating these values if it came to sale/negotiations, and would reaffirm to the market our low CapEx - for surely our BoD believe their value, as many here do, will prove to be significantly higher than this in time - and why we continue to hold on to them - even preventing a re-domicile for one. They've indicated this in the past, but to place a concrete value on it? What do you expect them to say?: IF BCN do this, and IF HAS do that, then they'll be worth $$$... No, that won't sit well coming from us. Instead I'm hopeful that once Amapa closes WHI will issue a report, where THEY can do a risked analysis of everything resulting in a pounds and pence valuation, where they are well within their rights to take into account expansion plan likelihoods from Sonora and Yangibana, as they did for Cinovec. All in my humble opinion. But perhaps I'm wrong, perhaps @Kiran could produce something akin to my estimates of the Sonora JV's under various expansion plans in an RNS. I doubt it though.
Lies by definition are made up!!!!........ the problem is not lies it's progress & expressed timelines of progress &/or whether elements have been misunderstood, misrepresented or relevant sticking points/challenges been omitted for convenience or other reason withheld from us.
I wouldn't want Kiran doing a webinar at the moment I wouldn't put it past him to say we're overvalued anyway or that one of our key partners is about to do something negative that they haven't announced yet ...... wouldn't be the first time would it!!
My real concern is that the next announcement won't be positive at all but will be for a raise now that the SP has dropped .... it wouldn't be the first time in my opinion a share has dropped significantly (manipulated or not who can know!!) for a further discounted raise to occur for the usual suspects & mates to get in at an even further reduced point - wouldn't put anything past an AIM Co & BoD ....after all that's what we are, we're all gambling on unknowns, hopes & assumptions.
If it's going to happen it will & there's nothing we (& seemingly little Kiran) can do about it IMO other than wait for the courts to determine the next phases UNLESS something happens that takes us out if the frame for AMAPA with nothing at all - & that is still a possible outcome IMO.
Apart from the fact the market generally toook a god kicking yesterday I find myself asking who has enough shares for these big sells without notifications or whether a raise is being forward sold...
Just my opinions & NO now is not the time to talk about replacing the BoD .... there was a time previously & may come once again but now now IMO as much as I distrust & dislike them ... Certainly not with that shyster with NPD (my opinion) Lenigas.
Just a matter of waiting now for me for the outcome of Amapa & GFL takeover of BCN & whether that means anything for us .... wish I'd waited to buy today now at a price I'd said a couple of weeks back but caved at just over 20p.... hey ho....
@EV_ You have great faith in the courts... They will only deal with the legals and what is presented. Of course they will be aware of the ramifications but their job is to apply the Law.. How many times have you heard the expression "The Law is an ass".. Why should it be any different in Brazil.?
All the evidence is there, court sittings and rns's no one can make up lies, problem is some people come up with their own theories and people believe them until they get news and get back on track but quickly forget and follow those that still push their theories or lies,, sometime I can't believe we have grown ups on these share chat boards and ok eople who are investing real money lol,
Morning :) ahhh now amapa might not happen, so lets look at what else we have got, unfortunately jimb2 the market don't like kdnc for its jam tomorrow and the failure of the bod, we should all get together and call a meeting and start a process to oust the bod out , that would be the logical thing to do, and stop this gravy train.
I think the problem is a failure by BOD to communicate. We have been made aware of the potential of Amapa and we know that the investment in EMH has a value of about £13m. However shareholders have not been given enough information to value the JVs. KDNC has 30% of some of Yangibana and 30% of much of Sonora; Hastings has a market cap of £200m and BCN has a market cap of £258m In addition KDNC has an investment in lithium assets in OZ. Market cap of KDNC today is £28m. I do not understand the reasons for shareholders not being told the values of these investments.