Member Info for CF73

Good to see a near 3million buy amongst the smaller sells.

There was a sudden series of sells at a certain point. As others have noted with other stocks (experiencing similar short lived dips), was that folks selling to have a crack at UKOG?

Otherwise, calm before the storm. Good luck all!

If folks think that Michael Haworth, AFC et al, want 12% interest over 12moinths when anything between 300% and 500% (based upon 10p conversion) is possible in 1month to 2 months...err...

TTP. exactly regarding 10p Loan Conversion allowing lenders to convert/buy when they would ordinarily not be able to buy (i.e. 'loophole').

There should be no doubt this project is happening. That loan conversion, and how it's going ahead given the inherent complexities, points absolutely to this.

Bargain basement right now.

Good luck all!

Good stuff! We now have tick up to match real/ actual SP and a 2.5million+ buy to help us along.

Good luck all!

Agree TTP. We will up by end of the week. Will have cruised though the mid point of September by then.

Good luck all!

At some point, of course, the selling will stop. Is the release of the PFS being timed accordingly? Or is it that the PFS will help to tear through the remaining 'overhang' of shares??

Guess the missing piece is the PFS itself,

Good luck all!

This is the thing. There has been a big seller. We are down to these levels and the selling continues. If there was no appetite for this stock, we would be well lower. I can see some of the stock is being picked up by PIs (looks as if PIs, on the whole, believe this is now, more or less, the level at which to build/ accumulate), but no where near to cover the quantities being sold.

Where are these shares going????

Serious question.

... was, I think, a buy...(and a number of other smaller trades)...but open to being corrected...

...it's ticked up the actual SP to now match the listed SP...

...good luck all!

Folks can try to contact the company themselves if they wish. Many others have. Speaking to them is not an impossible thing. At the end of the day, folks should do as much research as they can manage and come to their own conclusions.

And again, to reiterate, I post only under one ID. Even though there is money at stake, I am not the sort to be using multiple IDs.

misiekm, afraid not. I post under only one ID and always have. Good try nevertheless.

Others may know to a higher degree of certainty, but would've thought the selling was coming from Riverfort and that the current SP is a natural outcome of this and the lack of significant news.

On the plus side, and I do believe this is the case, that selling is clearly being absorbed at these levels. Otherwise, the SP would have drifted further ages ago (still could happen, but by how much realistically and how likely?). In my mind, folks are now building their positions for the likely upside from here - provided we get the PFS sorted - and let's face it, the upside is significant. Current levels remind of when Crede took us down tot he 3p range. Those who could, filled their boots and then, BOOOOM, 8p, 9p, and then double digits. It's not too dissimilar this time. However difficult the wait (believe me, the Riverfort deal hurt me at the time!).

This time round, the news we await should, arguably, give us a sustainable double digit SP.

Looking forward to the coming days/ weeks

We are closing in Charlie me ol mucker. A long time coming and well deserved.

Good luck all!

In a sense, as things stand, it's within GR and KDNCs power to deliver us Zulu.

Zulu's Main Zone is an exploration target of 120million to 160million tonnes. From the Scoping Study of Nov 2017, I've selected the following key points:

1. Pre-tax Internal Rate of Return ("IRR") of 86%

2. Gross Revenue of US$1 billion (US$800/tonne spodumene concentrate price and US$400/tonne petalite concentrate price over Life of Mine

3. Initial Capital Cost of US$64 million

4. Significant potential for additional mineralization close to the Main Zone

---------------------------

1. That is an immense IRR! Shows the kind of economics here, when combining CAPEX and OPEX, placing at a massive advantage over projects like Pilbara Minerals

2. Those numbers give a sense of volume of revenue to come throughout the project!

3. For a project of this size to involve CAPEX of 'only' $64million??? That is crazy. Try building a mine of that size in Australia for that kind of money!

4. The Main Zone has a target area of between 120million to 160million. Even at the lower end of that estimate, this is huge. But then PREM has also pointed an additional significant zone. Why do we think GR has been fighting tooth and nail all this time over Zulu, wanting to not give anything away unnecessarily?

As it stands, if KDNC's due diligence doesn't uncover any material issues (don't think it will), then they would be crazy to walk on. For size, Zulu is on a par with Pilbara Minerals, except our economics - capital injection requirements and productions costs - are so much lower, making us way more competitive.

Know that KDNC PIs have had a tough time, but out of their portfolio, this is the lithium project they should be chasing, if they had to choose one to focus on right now.

Good luck all!

I know its been tough. I'm down significantly here too.

Folks do not have to believe me. Whether they do or not, folks and muckers should always do their own research. None of what I post is advice or guidance, but clearly my own research and analysis/thoughts.

But just to confirm again, I did speak to Fuad. I have come to find him reliable over the time I have been able to speak to him (in the early years, yes, he was too bullish - nowadays, he is realistic and pragmatic).

On Zulu, I asked one simple question. Effectively, is the company good for the time line it has offered for KDNCs due diligence on Zulu. The question was posed so that all I was doing was getting confirmation existing company guidance. The straightforward confident response was enough for me (naturally we wait to see what happens from here - but I am confident).

On RHA, they said nothing other than what is already in the public domain. They wouldn't respond to anything else. We can all come to our conclusions as to why.

On Circum - Circum not being listed is difficult as there is no news generally released unless it needs to be. So was pleased to get from the conversation what I could. It confirms earlier conversations and thoughts, and that things have moved on. Seems things are getting close to an eventual news release of some kind, to the IPO itself. But, again, we wait to see.

My focus for now is Zulu (but am appreciating Circum building momentum).

On Circum, we shall see (think everyone senses something significant is finally happening)

Spoke to Fuad Know folks are iffy about Fuad but I've been in conversation with him for a while. Know that he is no longer 'over-optimistic' and takes much greater care about what he says. On Zulu, I have no reason to doubt. The date of Friday 14th is official company guidance. He has only confirmed to me that they remain confident about this time line.good enough for me.

Had contact with the company late Friday. Conversation was brief but helpful.

Zulu:

I began about asking about Zulu. I did this because it’s the one thing we presently have a definitive timeline for. I asked one simple question about project, if they were confident about to the official deadline for KDNC’s due diligence?
They said, ‘Yes, we are very confident about completing due diligence by the official company deadline’
The response was very assured and relaxed. Therefore believe there will be no delays, that they are confidently expecting due diligence to be completed by Friday 14th.

Personal thoughts are that the relaxed, straightforward nature of the response makes me feel that the process has been going well. Have said before about the deal, that it serves both parties well and that KDNC would be crazy to turn it down. It’s a chance to get involved in the early stage development of a lithium project said to be on a par with Pilbara Minerals (Pilbara having a market cap of $1.4billion, where Pilbara are yet to complete the construction of their mine and plant; and where ZULU has way lower CAPEX and extraction/production costs).

RHA:

Asked about RHA. They were not prepared to go into any detail but were pleased they were able to release the recent drilling and survey RNS. They also said they were looking forward to restarting operations. Can only guess there are sensitive conversations taking place.

Circum:

Things have moved on significantly. Circum are assembling their team. They have, it seems (‘word is on the street’, was how it was put), now secured $500million debt. Next is to raise $300million through equity (that will be the IPO). PREM are aware that the Circum website is down.

If this is correct, then sounds like massive progress and that we are very close to hearing something on Circum.

As always, do your own research folks. Good luck all to all the genuine muckers and holders! :-)

Noloss, me ol mucker, thanks. Hopefully, things now coming to a head and we some concrete progress and movement :-))

I remain optimistic even I've been let down several times. However, agree that GR has to deliver. Am confident that over the coming days, we will finally see concrete news. That's what we need in the end. Good luck all!!