RE: Ref share price28 Feb 2019 10:11
I repeat a post I made in December. Obviously disapponted in share price but IMO the post below is more or less correct..In addition MMS is showing potential.
There is no doubt that the demand for alternative power is growing rapidly; BBC news over Christmas, there is enough wind power in Scotland to supply all needs but the wind does not blow all the time so storage is needed. Power from sun is same; great when sun shines. Plus demand from EVs.Therefore the demand for batteries will grow rapidly.
KDNC has investments in companies with great potential. The share prices of both BCN and EMH will recover. BCN has a market cap of about £30 compared with a NPV for Sonora of $1.25billion (£1billion) and EMH has a market cap of £26m compared with a conservative NPV of $540million (£420million)
Both will be diluted when shares are issued to raise funds to pay for development but there is a lot of surplus to share.
KDNC also has JVs and other promising investments.
The BOD has reduced its salaries and invested about £1000 per month each for 12 months in buying shares,
There has been much carping at BOD but nobody has actually said what they have done wrong. All shareholders must be disappointed in share price but I think this is due to the misplaced uncertainty about price of lithium and the fall in the values of BCN And EMH – BCN because of problems fundraising that Peter Secker seems confident will be overcome and EMH because of Czech government that has recently been granting mining permits.