Member Info for Ivybush

So we can now commence operations to ship US$10 m [net] profit from iron ore stocks.

Good and positive.

So 50% of kdnc current mcap is down to EMH holding alone!

@CHEATED You have just listed reasons why any banker/corporate lender would walk away.

For security a lender would require to see equity or real assets.

@Observer842 "Perhaps I'm strange etc" Well we both must be!

Agree drop in price good chance to add. Did so by buying 40k earlier.

KM clearly stated at AGM remaining CLN debt was $250k [dollars] to be repaid by April.

@Tradecraft welcome back to kdnc bb and your workings on EBITA forecast for Amapa.

Courts/Political Will are onside so expect conclusion of negotiations to be in our favour.

And I would expect them to be converted to equity in any event.

@Barksy1 Best wishes to you and your husband from myself. You have always been a stalwart supporter
on this bb. Hope Frankie can use this milestone to post here as well.
As for vaccine whilst not giving my age away I have already been jabbed!

Enjoy your day.

@Obs Agreed EBITA for Amapa based on $61/t is way too low.

Interesting at AGM, KM was keen to play down current iron ore spot price by saying that this commodity
price has been very volatile over the last year or two and he did not want to overstate the estimate by
taking todays price. My guess is that some of the delay with bank creditors is due to iron ore price today.

May well be agreement in principle but there has to be an agreed figure or formula for repayment schedule.

@Barksy sorry apologies, got it now and registered.

Should have read through notice properly!

@Barksy tried this drop down site before. Does not work for me.
All I get is a reproduction of AGM notice: no form to complete.

@mrc I have received a phone call from Halifax this pm with my i/d & pin for AGM.

However cannot find any reference on kdnc website to log on for my question.

Help anyone?

@Barksy well done you.

When I contacted Halifax, they also knew nothing about the AGM. I am still awaiting access details.

Surely there should be an easier way to give access to shareholders. Definitely not impressed.

My thoughts were similar when I saw RNS. BOD is raking together funds for stage 2 [27%]
of Amapa purchase. I guess on release of escrow $2.5m there will be moves to acquire
additional 7% for $3.5m pretty quickly.
Looks to me that announcement really is imminent this time!

There are also major problems at Vale mine in Brasil due to landslip.
According to reports this his affected spot price.

Thanks for your research. I have been holder here since 2015. Original purchase at 20p would you believe!

Have been averaging down ever since. Previously holding in hope now with confidence.

Looking forward to future growth, at last, and a better 2021.

@Bannor I agree with you re resolution 5, however unlikely any votes against from PI's like us
will sway the issue unfortunately. I guess we can both remember the days of paper share transfers
with companies having "rights" issues and renounceable allotment letters. Happy days!

The upside to shareholders is that the company gets the placing monies virtually overnight and in
many cases PI's can buy in soon after at or near the placing sp. Holders of placing shares seem
happy to churn for a modest profit.

What do you reckon to the possibility of a large chunk of equity to be allocated to a jv partner in
the Amapa project? Better dilution than another CLN eh?

Excellent timing by Lombard Odier Asset Management. Sold holding of circa 17% equity
25th/26th October approx sp then around 4p. Cap Raise placing at 2p announced 13th Nov

Bought back as per TR1 today. Any question of insider information? No of course not.

A

I guess there could be further relaxation on AGM legislation. So far I have only seen reference to
31st Dec 2020 as a deadline, which means notice would have to be given tomorrow at latest.

Anyone seen guidance from UK Gov to extend further?

It is up to BOD to decide the date for any consolidation--not me.