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F79. you are right; too many zeros but even $9 is £7.- I think !!!

F 79 1 billion = 1,000,000,000

The NPV of Sonora is $1.25 billion based on lithium preice of $11000 and discounted at 8%. There are 134m shares issued so the NPV per share is $900. A placing at 15p is inconceivable.

KM did mention dicussing Yangibana JV with Hastings..

EMH has received mining permits which suggests that there is still government support.

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.

ttps://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/lithium-news-stories/?mqsc=E4016611

https://www.telegraph.co.uk/business/2018/12/22/danish-wind-giant-charges-build-liverpool-battery/

Cadence
?

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The future is bright for #energy storage, and right now it's powered by #lithium -ion. @Forbes #KDNC #electricvehicles #battery http://ow.ly/fpml30n5JZt

It is Christmas

Dec 14. . Shard Capital give target price of 45p rising to 137p

https://www.europeanmet.com/wp-content/uploads/2018/12/Shard-Capital-EMH-Dec-2018.pdf

I have found that KC always replies to emails promptly.

London74. I have asked before- what dreadful decisions has the BOD made? Nobody responded. The share price is very,very disappointing but in my opinion the assets are there. See my post yesterday

Dec 13. BCN. VSA give target price of 115p.
Dec 14. EMH. Shard give target price of 45p rising to 137p
Dec 18.AOU. Positive RNS
Dec 14.MMS. Positive RNS

We initiate coverage with a Buy recommendation and target price of 115p/sh

Investment Case
We believe that Bacanora Lithium (BCN LN)# has positioned itself as one of the most significant lithium projects
globally and has delineated a path to construction and production. The weakness in the shares this year, primarily
caused by the decline in off spec lithium prices in China was compounded by the delay in completion of the project
financing. However, we are convinced that the fundamentals of the project are robust with attractive economics, a
strong operational team and viable processing capability. The decline in valuation therefore offers investors a highly
attractive risk reward profile. Although the pilot plant significantly derisks the process risk with a market capitalisation
of just £35m we believe that investors are deeply compensated for risks surrounding execution and the perception
surrounding BCN being the first lithium producer to commercially exploit a soft rock deposit.
Investors should be reassured by the already strong list of expert shareholders and industry specialist groups that are
backing the Sonora project. The initial drawdown of US$25m from the RK Mining facility means final engineering work
is underway, along with preparations for construction. Project financing does, however, remain the key hurdle.
Although following our recent site visit, we are convinced of the asset potential and ability of the management team to
execute development.
So

The directors have reduced salaries and are buying shares.

Would somebody tell me the catastropic decisions BOD has made?

The share price is very disappointing and does not reflect value of assets,The BOD has found investments with excellent prospects and so far no failures. BCN has a NPV of at least $1.25billion. What are the catastrophic decisions the BOD has made?

The share price is very disappointing and does not reflect value of assets,The BOD has found investments with excellent prospects and so far no failures. BCN has a NPV of at least $1.25billion. What are the catastrophic decisions the BOD has made?

Adrian is not Suckling