Member Info for degsie

See link in posting Mon 15.52 NPV = $483m ( �360M) Market cap �10m

Bullishness on electric cars outlook pushes China battery maker�s valuation to $12.3bn. Shares in the company rose 44 per cent

TC. Could you explain?

World�s largest li-ion battery and 707 MW of solar power in Colorado proposal Xcel Energy�s 120-day report to Colorado regulators includes an additional 1.1 GW of wind at 1.1-1.8�/kWh. Solar power bids have come in at 2.2-2.7�/kWh, and solar+storage at 3.0-3.2�/kWh.

Bacanora Lithium � Positive Progress at Sonora Lithium Project Hanwa of Japan has agreed in principle to extend their initial lithium off-take partnership for a further 5 years at a rate of 17,500 tpa of lithium carbonate, on the same commercial terms as the initial 5 year off-take. This additional 5-year agreement will underpin Bacanora's expansion strategy to bring on a Stage 2 expansion of the project to increase lithium production to 35,000 tpa. The current FEED schedule is to have designs, cost estimates and process guarantee scopes to be substantially completed by end of Q2/18, with orders for long lead items being placed at the end of the FEED process in Q3. The current timetable is based on a planned commissioning of the project in Q1/20 and lithium carbonate shipments commencing subsequent to commissioning. This schedule and final project go ahead is subject to completing the US$450m debt and equity project financing strategy and final Board approvals. Cadence Minerals (LSE: KDNC) owns a 7% equity stake in Bacanora. H&P research on Cadence here.

Bacanora Lithium � Positive Progress at Sonora Lithium Project Hanwa of Japan has agreed in principle to extend their initial lithium off-take partnership for a further 5 years at a rate of 17,500 tpa of lithium carbonate, on the same commercial terms as the initial 5 year off-take. This additional 5-year agreement will underpin Bacanora's expansion strategy to bring on a Stage 2 expansion of the project to increase lithium production to 35,000 tpa. The current FEED schedule is to have designs, cost estimates and process guarantee scopes to be substantially completed by end of Q2/18, with orders for long lead items being placed at the end of the FEED process in Q3. The current timetable is based on a planned commissioning of the project in Q1/20 and lithium carbonate shipments commencing subsequent to commissioning. This schedule and final project go ahead is subject to completing the US$450m debt and equity project financing strategy and final Board approvals. Cadence Minerals (LSE: KDNC) owns a 7% equity stake in Bacanora. H&P research on Cadence here.

Link and answer to Question 2 https://webmail.lcn.com/?_task=mail&_caps=pdf%3D1%2Cflash%3D0%2Ctif%3D0&_uid=288131&_mbox=INBOX&_action=show Q2: You mentioned in the release that you are starting the DFS, what has changed for you to be starting it now? A2: We�ve always been doing work that contributes to the DFS, but I suppose with regards to formal commencement of it. We�ve got a renewed optimism that it�s the right time to begin doing this, this is based on the macro feeling in Europe, what�s happening there & the industry, the EU support etc. The fact that we can see a fairly clear path now to the formation of a government in the Czech Republic, all these sorts of things suggest to us that it�s time to be kicking this off formally.

Link and answer to Question 2 https://webmail.lcn.com/?_task=mail&_caps=pdf%3D1%2Cflash%3D0%2Ctif%3D0&_uid=288131&_mbox=INBOX&_action=show Q2: You mentioned in the release that you are starting the DFS, what has changed for you to be starting it now? A2: We�ve always been doing work that contributes to the DFS, but I suppose with regards to formal commencement of it. We�ve got a renewed optimism that it�s the right time to begin doing this, this is based on the macro feeling in Europe, what�s happening there & the industry, the EU support etc. The fact that we can see a fairly clear path now to the formation of a government in the Czech Republic, all these sorts of things suggest to us that it�s time to be kicking this off formally.

From annual report Additionally the option holder must have made market purchases of ordinary shares equal to a total of one third of the Option Holders's annual salary or particpated in a Company share purchase programme for a period of at least six months prior to the grant date.

https://www.asx.com.au/asxpdf/20180523/pdf/43v7jr40610mjm.pdf

Big Oil joins the charge into electric car tech.

I have no idea how this compares with investments held by KDNC but there is value in lithium. Australian lithium miner Galaxy Resources (ASX:GXY) has entered into a non-binding agreement with South Korea�s POSCO (NYSE:PKX) under which Galaxy will sell POSCO tenements in Argentina for cash consideration of US$280 million. According to a Tuesday (May 29) press release, the land is in the northern area of Argentina�s giant Salar del Hombre Muerto salt flat. Galaxy plans to retain ownership of all the tenements it owns in the southern part of the region, where its Sal de Vida project is situated. The company will use the proceeds from the deal to fund the development of Sal de Vida, with Chairman Martin Rowley stating, �this transaction with POSCO provides a substantial cash injection which underpins the development of Galaxy�s Sal de Vida brine project in the Catamarca Province of Argentina.�

The amount of $420m was in news issued by Proactive investors in December so that is no surprise. I did not appreciate that the 100% of Sonora owned by BCN is only 1820 hectares and the JV totals 95000 hectares. I am not sure what this means to KDNC in short term but if the present NPV is $1.25b the potential is enormous??

BMW just launched a wireless charger for electric cars

Hanwa has agreed to take 70%-100% of production and has also invested in BCN

I have reviewed Annual Report and read through postings about KDNC, EMH and BCN and conclude that the downside is small � almost non-existent � and the upside is a ten-bagger and possibly more. EMH is awaiting the uncertainty caused by Czech government to be resolved but from emails I�ve had from KC there is no doubt that EMH has the right to mine but the way forward has to be agreed with government. As to BCN the failure of NextView to complete the placing of BCN shares despite a binding placing letter is down to NextView not BCN. In an interview with Proactive Investors on April 12th Peter Secker was very positive about raising both debt and equity. Bacanora NPV $1.25b EMH NPV $540m In addition there are : San Luis. Very recent. Modest initial cost of �100k gives the right to acquire 100% for a further �100K plus 825m in two tranches but at KDNC�s option and only if exploration permits are granted and suitable drill targets are identified. Clancy,10% of licenses held by Clancy Yangibana. 30% JV but value uncertain. MMS. has interests in gold , lithium and iron ore in Western Australia and lithium in Nevada. KDNC has 15% shareholding. Auroch has interests in Portugal and Namibia. KDNC has 7% Greenland 100% owned.

Go to KDNC website and follow link to Hannam who have prepared a report showing a value of 0.87p per share by December

Go to KDNC website and follow link to Hannam who have prepared a report showing a value of 0.87p per share by December

There is a video of interview with Peter Secker. Well worth watching only 6 minutes

Well worth watching. It's only 6minutes. Very positive.