RE: Sum of the parts4 Jul 2018 11:02
Frankie. I have re-posted a post I made a few days ago.
I repeat the BOD does no communicate well. The latest example being the deal with PREM with no info about funding. I do think the BOD has identified some great investments which are not reflected in SP.
IMO there are two major problems with this share; 1. The BOD does not communicate well and 2. The constant moaning on the bulletin boards ( I was going to say by shareholders but the constant moaners can’t be shareholders).
The two major investments, BCN and EMH, have enormous potential but BCN has to sort out funding about which Peter Secker is very positive (see news today) and it should be resolved soon and EMH is waiting on the Czech government. Keith Coughlan seems reasonably confident.
The JVs with BCN and Hastings have value but how much is unknown. KM has indicated that there are ways forward but this an example of a poor communications.
San Luis looks promising and the initial payments are modest, only £100k in cash and then 152m KDNC shares followed by £30k and £70k. KDNC will then own 49% but has option to acquire remaining 51% for 673m KDNC shares.
MMS has great potential. R B Milestone , a New York based consulting firm, issued a very positive report in February. See link.
file:///C:/Users/Derek%20Bennett/Downloads/Macarthur%20Minerals%20-%20Initial%20Research%20Report%20(by%20RB%20Milestone%20Group)%20(Feb%2012,%202018)%20(1).pdf
Then we have Auroch, Clancy and Greenland, all of them have possibilities and none of them have been disastrous
.
Finally there is the deal with PREM whose share price has increased in value by 50%. I note the concern about funding but the BOD must have this sorted and I cannot see shares being issued. More poor communication.
All of the BOD have options vesting next February at prices from 0.92p to 2.18p The BOD has made some very good investments any one of which could be worth more than market cap of KDNC
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