Member Info for Ivybush

@Dallasdaz But selling assets to repay a loan does not reduce Net Asset Value.

I await with great expectation to see kdnc debt free.

@Dallasdaz thanks for your response, the last paragraph is the carrot.

The longer funding is delayed at bcn the more likely a white knight will
want to appear imv. The ev revolution is rapidly taking shape.

I still feel any format which gives equity control to a new party will mean our jv comes
into the picture. Could be the silver lining we all wish for.

@Dallasdaz you refer to my earlier quote that after bcn & emh "we are left with
considerable unrealised investments."

May I ask you to look at MMS in isolation. We hold 10.1%. Market cap
is $Can 15.25m This gives in sterling terms [0.57 to £1] a value of £875k.
That is equal to 10% of current kdnc market value.

So using your former assertion [in perspective] a 10 bag would double
our sp on this alone!

I also consider the jv's do have some value--you appear not to agree.

@Bannor I am with you there on "buy out" prospects for Sonara [inc jv]

US and EU manufacturers will have to sort out lithium supply chain for batteries,
fairly soon otherwise the Chinese will.

Both bcn & emh are well placed geographically to be seriously considered.
Either would make kdnc a different company.

@addicknt a "hairshirt" but rational assessment. With benefit of hindsight your
comments view my own position. I got in too early!

bcn is a conundrum, and has considerably affected value of kdnc--hence fall in our sp.
However I cannot believe that the vast lithium reserves at bcn will not be developed.
Given that prospect the Sonora jv will be worth a fortune.

I also do not subscribe to the comments often made here that kdnc is gradually declining
to be of no value. The Iskander loan is an albatross, yes, but it can, and will be, repaid ---
even if by selling assets at a loss.

After that we are still left with considerable unrealised investments,both quoted and non
quoted. The BOD could just sit and wait for the potential, given the Li battery future,to come
to fruition. I would expect salaries/expenses [as has already been done] to be reduced further
to reflect less operational involvement, in that case.

There is of course a good prospect of kdnc involvement in the Argentina licences. I would
need to be convinced here, however, as further progress in the short term would seem to
required funding beyond present resources.

So to sum up-- disappointing, yes--terminal,definitely no--interesting punt at this sp?

David Leningas resigned from BOD of this company 21st December 2015

"sp valued on shares held" re KM.

I believe he was referring to the quoted assets only, drawing attention to the substantial
unquoted asset value not recognised in our market value.

Well what a downhearted bb it is today.

For the record the 2.5mill purchase earlier was mine, nobody else fancy this sp?

The assets are still in the ground, share dealings do no change that.

Have a good weekend--- i certainly will, thank you.

May I add some comments on recent posts.

Re Argentina --see RNS 22/03/18-- Stage 1 cost only £50,000.

Stage 2 not yet commenced, awaiting exploration permit--so no cost there then.

We are disposing of bcn [no alternative?] to repay Iskander Loan £300k+ pr mnth.

If bcn was such a good investment as has been advanced here, why has sp fallen from
100p [ Apr 18] to .19p today? The market has its own view.

Incidentally kdnc sp has moved from .24p to .11p in same period, thus performed better!

At least selling an asset to repay a loan does not affect NAV.

Bannor/Dallas sorry I cannot comment further as I was not a shareholder at
that time, came on board end Oct 17.

We are all millionaires with hindsight!

Let us hope emh come good and Sonora jv comes into the reckoning soon.

@Bannor I also share your disdain of the Iskander Loan, sooner paid the better.

To attempt equanimity the BOD did sell 8.9m bcn shares at circa 70p in Sept 2017.

That looks pretty cute to me at todays sp.

Without those sale proceeds our present situation would be different.

Difference of opinion.

$11m placing completed.

Gold up to $1320 Copper up to $295

Happy to hold--will be applying for my further allocation at 1.4p

@Barksy1 Thank you for the link to this excellent article.

Precisely why I hold and have recently added here.

Recommended reading for all investors in Lithium stocks.

Andrew Suckling is non executive Chairman of kdnc. At the AGM held end August
2018 he was "present" by transatlantic telecommunication.

In answer to a question from a shareholder [not me] he gave a commitment to
purchase more kdnc shares in addition to the Directors Defined Purchase Scheme.

No rns has been published showing any such purchase so it is fair to assume none
has been made. His current holding being 6.4m or 0.08%

As nearly six months have now passed I publicly call on him to carry out that pledge
which was given freely and unequivocally.

In my view such statements of intent by members of a BOD are important guidelines
to the credence of the organisation and should be carried out unless extenuating
circumstances preclude.

The market perception of this company needs a boost and at todays sp it would seem
an opportune moment on behalf of this Director to cement our confidence in his word.

@t-smith Thank you, I respond with the same good wishes to yourself.

Let us hope for a far better year for all kdnc shareholders.

My tip to give us a kick start is good progress report at emh.

@t-smith "I am not convinced you are a real person with that amount of shares"

I am truly sorry you are so disillusioned and have such a bigoted view of me.
At last years AGM I attended and met a number of shareholders/posters and also
showed confirmation of my holding at that time [August]

I did so because I was called a liar by another poster and I wished to have
independent confirmation and proof. Maybe others can confirm I do exist!
I will never lie on this bb or any other.

@t-smith as you have seen fit to infer I am stupid [post 14.37] I feel I
should respond. I do not make insults in my comments.

Of course I sympathise with your book loss on this share. Believe me in
50+ years of equity investments I have also been there.

However todays price is .11p and my risk/reward assessment is from now.
The Lithium storey has a long way to go yet and all the investments held by
kdnc are in the early stages of development. I mentioned on this bb over a
year ago that I was invested here for 2/3 years.

Let us see what the next 2 years holds.Both bcn and emh are potential low
cost producers and would undercut spodumene. I wish us both a good year!

@topstock I regularly review my portfolio as objectively as I can and will always
take a loss if future prospects do not appear favourable.
Having said that I have been invested here for only approx 15 months and have
regularly added so my average is lower than most.

Clearly we are all aware of ev's future growth. Environmental considerations
[or fund raising?] are bringing about city centre vehicle restrictions worldwide,
particularly for vans/lorries/buses. So for short haul trips those affected will
change to ev's to avoid charges. In addition we are seeing major improvement
in lithium battery technology and storage capacity.

It is unfortunate that kdnc has been affected by problems at both bcn and emh
for differing reasons, this has clearly damaged our own sp. However these
problems are not permanent imv and we ought to see progress towards
development of both these major resources this year--with I hope the Sonora
jv at bcn being brought forward.

So I consider the risk/reward ratio to be favourable at present which is why I
intend to remain invested, and have recently increased my holding.

@mrcautious It is true I have built up a good sized holding since I began to buy
just over a year ago. My average is quite low compared to some here.

I do not think any of us foresaw the problems with bcn or emh.

The difficulties with both will surely be resolved --- eventually

So you can say, overall, I remain positive.

The reason I am not still buying is a limit for each share in my portfolio.

I have not sold any---like you I am fortunate I do not need to.

If you can keep your head while all about you are losing theirs.

Kipling.