Member Info for Ivybush

I am indeed surprised that gold exploration companies which are expected to be in production, as with ECR, are not more highly rated given the

present price of gold. I declare my interest as a shareholder, but gold is not going to retrace for the following:

Rehypothication and Leasing of bullion is still to be unwound in full.

Central Banks [not price sensitive] will continue to buy to increase reserves as gold is now a tier one asset.

The BRICS nations will use gold increasingly for settlement thus reducing dollar dependence.

A currency reset with gold playing a central part is likely in forseeable future.

Gold holds its value as fiat currencies are reduced by inflation.

Baileysea: only been a member of this board for 2 weeks and 7 posts today!........filtered

Jimb2 As you probably remember I am no longer a holder here, but continue to look in occasionaly and wish you all well.

About 3/4 years ago there was a series of videos about the railway line taken by a group who walked the whole route. It was

overgrown then and no doubt being in a rain forest area a lot worse now.

Not sure whether any copies would still be available to download but maybe the techies amongst you could try!

Gold is being driven by unwinding of rehypothecation on LBMA and short selling on Comex.

Still a long way to go before true physical price is discovered.

Hello to Barksy, jimb2 and other regular posters. I have not posted here for a long time as I sold out many months ago.

Kiran said that Amapa meant kdnc was "punching above its weight" and as time progresses the funding requirement

does appear problematical particularly as all junior minors are currently finding difficulty in securing credit.

I do follow this BB and may yet reinvest here-----Good luck all.

Do not recall any comment yesterday on Axis Capital Markets Ltd appointment as joint broker. This is a US$27 billion

asset company based in Bermuda and quite a coup for £6m asset ECR to be accepted.

I take this as a positive for future sp performance.

Maybe a fire sale of Danglay Project is needed to restore confidence.

Looks like the favoured plan for Amapa is to proceed with a jv for the DFS.
With Brasil and China having now signed trade agreements, could we have a chinese partner?

According to my reckoning the BOD currently hold over 3.5million shares between them
all purchased at above current sp.
I do not think that they would be happy to write off this investment. We are all suffering
from the negative sentiment on mining/exploration companies at present.

The market seeems to have ignored the announced intention to sell Danglay [90% held]

Carrying value as at 30th Sept 2022 was £1.5m although this has been impaired in full for
the latest published accounts.

Last target for mineral exploration was 95000 to 170000 ounces at 5 to 7.5 g/t.

With gold now hovering circa $2000 [and will increase imv] this sale could net a tidy sum.

Thanks @ Degsie. In effect no change as fas as kdnc is concerned.

No mention here of MOU signed on 7th Feb setting up Yuan clearing facilities between Brasil and
Peoples Bank of China thus encouraging mutual trade.
China is reducing reliance on $ for international trade and promoting bilateral agreements denoted in Yuan.
Defintely positive for future Amapa iron ore sales--inc stockpiles.

If the Mexican government tore up the present licence agreement it would surely be a major setback for
any outside investment in battery manufacture.
The only outcome will have be an agreed process for development of Sonora by Ganfeng.

@daramuda you should use the filter on this bb. Makes for a more palatable read.

Just let those who make peurile comments speak only to themselves.

The reality is that since October 2021 the company has a new CEO and has changed direction.

Not sure what criticising the former CEO {RIP] can achieve.

I was given to understand in discussion with our BOD members at the last AGM that it would be impossible
to replace Gangfeng's expertise in extracting and producing the Li needed for batteries from Sonora.

The Mexican Gov needs Gangfeng as much as Gangfeng needs their cooperation to develop a mutually
beneficial national asset. Compromise will out.

A really positive interview from AH, particularly towards the end.

A good prospect of confirmation of Queensland assets and Blue Moon drilling to be
carried out in run up to year end.

Good to hear all on track despite disappointing sp to date.

I have also joined the top up club! 750k and 800k purchases today.

No ramping just remain hopeful as ever!

@Bannor well do you think it is positive or not? If not please state why.

Important note in interim report stated that cash position at 30th June was £1.99m.

So adequate cash to see us through to well into 2023.

By then we should have PFS on Amapa and maybe Ganfeng Sonora development news.

Surely overall a positive Interim Report?