Member Info for EyeGuy

Exprat= king of bull ****

Frankie- well that would make a difference as if KDNC get $30-40 mill net then that pays a huge chunk towards capex

Bannor- I wasn’t suggesting they “owned” it now.
Sorry for how I phrased the question. What I meant was do kdnc get their % of the iron ore.
I too was plugging the figures and the iron ore at today’s prices should be more like $150 million. Not 30 mill.

Obs- trying to find if the ore to be shipped is 100% owned by kdnc

Question. Is the stockpile 100% owned by KDNC

MJ- different kettle of fish when revenues start.
It’s like a completely different company isn’t it.
Ex Anglo American producing asset

Oh look. It dropped to 11% down and now 7% down.
Give it a few days.

Stop moaning. If you don’t like it move on

MJ- £100-200 mcap next year very possible

Gross profit of Amapa should be circa $460 million per annum based on $110.
At 27% that’s $124 million per annum to KDNC
At 49% that’s $225 million per annum to KDNC.
This is operational profit minus tax of course but includes opex.
Huge numbers and will keep buying as many as I can down here

Ivy - why would this drift?
News flow will continue on the ore shipping side.
If you think it will drift sell up.

Observer. Historic mine so they should know what the costs are

Holy moly. Imo ore futures for September $110
Bear in mind opex for amapa is $23/t and EBITDA worked out at $61/t

7p?? No reason why this would drop 20% lower than placing. More like 10p later

Yep. I’m happy with it

Looks good to me. Complete monster of a share.
Shipments will bring in over $5 mill per month gross.
Iron ore now at $104/t
Market should react very well imo

An internal valuation by Anglo in 2011 put Amapa's value at $1.5 billion, meaning Anglo's 70 percent stake would be worth at least $1 billion

KDNC stake will be between 27 and 49%

Dale 02.
When shipments start and money comes in from amapa I think 40p reasonable.
However when main mine opens and they start shopping from there this could very easily command a mcap of £200 mill- depending on various factors

The presentation has the shipments starting in H1 2020 and that was only released days ago
That’s Within 3 weeks then

Dallas- exactly. Kdnc exists on aim to progress with equity dilution. That’s just how it is. The downside to the company is many fingers in many pies which need capital to progress. It’s just how it is and why the valuation here is too low.
Revenues from shipments changes everything.