Member Info for CRK22

Cheers Dave85 and yes before taking the plunge I've watched a few Brandon Munro interviews and the macro for uranium looks good. I'm wanting to avoid the higher risk direct exploration juniors so YCA seemed like a good first exposure. In light of current macro outlook and how laggy the sector seems to be I'd expect last broker rating from Jul 2019 to be revisited in next few months and should rate higher. We will see. Total uranium newbie so learning on the fly

Agree with that Daz, critical supply chain goods will need to deglobalize to an extent. The list of what these are and how such a supply chain network and associated supply agreements will work is anyone's guess

Questionable creation - its human habits and impact on the planet. Epidemiologist and virologists have long posited this scenario. Conspiracy theorists need to start producing data to support claims to the contrary. Spanish flu travelled the world with massive impact before the wright brothers flex, before Time Berners Lee invented the internet and before flat earthers and anti vaxxers found dark spaces on the internet to share ill informed and frankly dangerous theories.

Daz I’d be very wary of tipping shares but I’m paying a lot more attention to crux investor and am trying to get more clues up on a more detached assessment of potential investments. Need Kod to get somewhere near break even to reduce exposure and diversify. Crux looks at a lot of ASX and TSX listed shares

There’s some ASX listed companies I’m interested in looking into

For ASX listed shares do you have to do a 10k mom trade or anything? I use AJ Bell and it’s 10k min via them for ASX which is too rich for my blood

Daz

I take it you have investments on ASX, what trading platform do you use for those?

Cheers

Personally I would think there are plenty of Europeans who would be happy to volunteer for vaccination trials.

20% of project NPV - ish there's worse spots to be in , whether or not there would be buyers lined up is a different matter

New to uranium but have just dipped my toe in here on that basis

Add 9 months to sit and wait time IMO. Daz yes, you called it yesterday. Interestingly could only get quote to buy yesterday but not quote to sell which is the first time I had observed this.

Covid-19 is a factor in this but is not the only factor. I welcome the cost cutting but feel there are other reasons it was needed and would have been better put in place around the time of the Crux interview i.e. "Raise needed soon? Not soon, well not today" would have been better supported by - because we recognise the need for cost cutting over this fallow period - the cash reserves were observably low. Cash raise to keep lights on scenarios were discussed at the time and today's RNS was among them.

I share that view regarding protection of cash reserves daz, however I temper that view with the observation that KOD are awaiting permitting (MLA) which may or may not necessarily be delayed depending on Mali Gov work arrangements during the virus crisis but which in any rate meant KOD activity (IMO) was expected to be "tick over" until May. The unfolding pandemic changes things regularly and often and may lengthen that "pause period" but the fact KOD are already in that period means the damage from it is somewhat (though not completely) mitigated.

That being said - the single biggest distinguishing difference between KOD and MLL is the SC link i.e. it has long been apparent that KOD reliance on SC underpins the whole project at this point.

If cash is King funding intention is crown prince.

Underlying global shift to battery tech reliance and 2021 onwards projected demand is still in favour of this project working.

I would however feel better if we had some news regarding confirmation of some of the "FS" features such as yield backed up.

That makes for a very troubling read SorB.

I don't like it one bit.

Moving focus to Gold tenements
BOD cut
Proposal to pay portion of BOD fees in shares (at these low prices??)

Need to consider comparatively what MLL costs are vs KOD costs.
Interesting their executive Chairman gets $1000 per day.
A few BOD members anywhere near that and its a significant burn before considering any other costs.

KOD cash in bank is low as we know so where's the next money coming from for KOD?

in short its marketing material

from the disclaimer section of the report.

This document is a marketing communication and not independent
research. As such, it has not been prepared in accordance with legal requirements designed to promote the independence of investment research.

Does that inspire an opinion you’d like to share Alex?

ARahim if you are going to attribute quotes to another forum user and label them as early tampers I would appreciate if you would provide either links to their posts or dates and times.

I invested October 2018 and have no recollection of BiB ramping at any point between then and now and have often found his posts overly negative.

Thanks

Joe,

That holiday decision may be driven more by Coronavirus than KOD.

ARahim, I understand that's your motivation but its also the motivation of those posters who find your views to be less than factually based to keep a balance. Hence a ramp vs deramp argument.

I would however point out that the posters who you accuse of this are actually invested and sitting on a loss in a share which has been largely illiquid with no further to fall so I'd ask from this point what a deramper would hope to gain.

The corolllary to this is to ask ourselves what a ramper would hope to gain? Which of the two parties would have the greatest upside as the fruits of their labour.

NPV circa 200m -According to RNS
IRR 51% post tax assuming discounted rate 7% - According to RNS
Cost to produce $466/te vs assumed sale price of $680/te - According to RNS (current spod price lower than this)
21.3Mt of ore available - According to RNS
45% of the available ore is still in inferred category - According to RNS
original 1.5Mt plant is now 2Mt planned plant - According to RNS developments over the years
LOM 8.5 years - According to RNS

These things have all been communicated on a legal basis such that if not true will have major comeback for the company.

Anything hinted at in interviews can't be relied upon until it is communicated in an RNS.

This is not a "de-ramp". I have a large investment here and want to see it succeed.

Everything I have put above is from RNS released information.

Investors DYOR and be careful

Wow, cutting and pasting the same thing to keep it bumped to the top of the threads.

Conc fete RNSable news needed now, not repetitive conjecture.

MLA approval needed.
Short term funding needed
OTA formalised needed
Schedule of works needed
Major funding for caped needed.

Share price is largely independent of the blather on this forum.

GLA

Daz, I had factore potential for significant dilution some time ago, just not at this SP. BA needs to build some value first