Member Info for degsie

Ivybush.
Ask Kiran.

Ivybush.
Contact Kiran- he advised me that funds would be raised after deal with Amapa completed. if it is not completed $2.5m will be returned.

There is a link to Vox markets on KDNC website

I can only agree that share price is very disappointing but I fail to see what the BOD has done wrong. They invested £350K at 11p, they are enthuisastic about Amapa, none of the investments have been write offs although the both BCN and EMH have fallen in value due to funding difficulties. KM does communicate (see link to Vox Markets ****************************/media/5e3d7983906f7c001bea601c/). I do think there is a reluctance to advise shareholders of the potential value of JVs. Irelands have target price of 44p.

Thanks for explanation but I do think postings should be relevant to KDNC.

Am I missing something? What has Twinkle,Twinkle to do with KDNC?

Frankie. Email or phone KM. He does respond albeit sometimes slowly.

Barksy.
Pleas post link again. WWWjusbrazil.com is not correct?

That is your mistake. We, includu=ing BOD, got carried away by potential for lithium and made bad investments.

You don't agree with me but you give no reasons for your repeated assertion that the BOD has ripped shareholders off. I give my reasons for being optimistic; what are your reasons?

The major reason for the disappointing share price is the lithium market. The market was over- hyped and demand has been slower to grow than forecast. This has led to a fall in the value of investments in particular EMH and BCN. The present forecasts for lithium should see an increase in lithium stocks. The BOD has reduced its salaries and invested £400k in shares. With hindsight the BOD could have sold at top of market but so could we shareholders. All the investments have potential.
Irelands have a target price of 44p and an unconstrained risk value of 168p. They are the company’s brokers which should mean they are aware of what’s going on. I have spoken to the researcher who prepared report.

I agrre with comment below made to another BB. I cannot understand why any people who continue to be shareholders would wish to undermine share price and if they are not shareholders why?
"I see that the LSE keyboard warriors have been out in force again today! If they are genuine shareholders they couldn't damage the share price any more if they tried!"

The BOD;s remuneration was reduced by 20% in 2018.

Ivybush. See my posting of 17th copied below. I agrre delay on Amapa is causing concern but there are many other assets and a discount of over 80% from Irelands risked value seem excessive.
Reply from company "
The US$3.5 million is not payable until the Stage 2 preconditions are met this would be after many deliverables that will hopefully drive a positive move in our share price.

I am suffering like all other shareholders.Very puzzled as to why share price is at this level giving a market cap of £6m. Irelands gave a risked target price of 44p and a unrisked fair value of 165p. I have read through the report and spoken to researcher. Almost any one of investments could be worth more tan market cap. Irelands placev a value on JVs and I can only assume that KDNC provided information. The directors invested £350k at 11p in June and they had each invested as £1000 oer month - total £48k- at the then market price.

Larry Fink ,CEO of Black Rock, "I believe we are on the edge of a fundamental reshaping of financeing" announcing plans to increase the group's sustainable assets tenfold from $90b today to $1tn within a decade

Battery packs lend fresh energy to US renewable generation push
Battery capacity in the US is set to more than double this year to 4800 MW and to surpass 32000MW by 2025.

https://www.bacanoralithium.com/cms/wp-content/uploads/2019/07/Zinnwald-Technical-Report-compressed.pdf pages 323-326,
Sets out cash flows and NPVs

VSA issues note on today's news.
"Our current valuation of Zinnwald attributable to BCN is £49m using a risk factor of 0.5x. This implies 11p/sh. and clearly little is being reflected in the current share price, however, today’s announcement which simplifies the agreement and confirms funding to advance the project indicates that it should be more fairly reflected in BCN’s market valuation. "

Reply from company "
The US$3.5 million is not payable until the Stage 2 preconditions are met this would be after many deliverables that will hopefully drive a positive move in our share price.