Member Info for Ivybush

No deals all morning, then 8 sizeable sells in 45mins.

Looks suspicious, would they really be genuine holders?

I purchased more this afternoon--quite prepared to wait and see.

I will reserve judgement and see what transpires.

The point I was making is that bcn with a market cap of £30m and required funding of $400m
seems very likely that the present BOD will have give up control to a new investor/consortium.

I guess there is little love lost today between bcn and kdnc BOD's

To a new developer, although large sum of money to us, the jv value would be more of a
nuisance. I would expect newco would want to develop all areas asap and not want a minor
party having to be consulted on funding, shareholder agreement etc.

@Bannor We agree that Sonora jv is the "jewel" for kdnc.

It is clear bcn will not be able to raise all of development cost from existing shareholders.

So will there be an equity/loan financing giving control to the new investor?

Could be our jv will then be in the mix and monetised.

Maybe just an optimistic thought, but possible.

The Iskander loan could be repaid in full by disposal of just one asset --emv shares.

Not advocating that at all--just putting things in perspective, lots of uninformed comment.

@Bannor agreed the real "cream" here is jv's at bcn & has.

Still expect, as I assume BOD do likewise, that eventual monetary value will be realised.

That could be many £millions. For my part happy to hold to wait and see

But we cannot not dismiss the value of all the unquoted assets, which is substantial.

kdnc presentations cite these as worth £millions--have you a different view?

@Dallasdaz But a deal for equity in HAS would cost them nothing.

This would at least give us another asset to realise, if necessary, to cover housekeeping.

They would gain by not having a "non-contributing" party to consult on future development.

I guess on paper a discounted deal, but both sides win imv.

@Dallasdaz looks to me that BOD will be liquidating all of bcn holding.

May well have to reduce emh as well--needs must.

I would be very happy to see back of Iskander loan, and no further borrowing.

Still feel wild card is Yangibana jv--taken over by HAS in return for shares?

Incidentally a "hard Brexit" could favour kdnc.

If £ falls as is forecast all our investments would be worth more in sterling terms.

@Dallasdaz yes that is a sobering reminder of what has happened in last 12 months.

However, with what is forecast for lithium demand there should be a rerating due imv.

Any one of kdnc investee co's could "spike" on news -- emh my tip!

Call me old fashioned, but I have a "gut feeling" sentiment for lithium is about to improve.

As previously stated I am happy to stay here and probably add to holding.

With thanks for your statistical evidence--I do not decry the charts at all. Just optimistic!

@Dallasdaz agreed obvious downtrend in recent times.

But there has to be a bottom sometime.

Just get the feeling we are close, would wish to add to holding on any further drop.

@Dallasdaz this is an indicator I shall take more note of in future.

Still feel current sp will look cheap before my timescale of 2 yrs expires.

@dallasdaz you did indeed but selling so far quite light.

Not personally phased, here for 2 more years yet!

Solid holder, have not sold--in fact purchased more in last two days.

@bobminor Thank you for your excellent post.

I advise all to spend some time this weekend to read comments.

LME lithium contract implementation target Q4 2019.

Contracts for Spodumene, Li Carbonate and Li Hydroxide all in play.

Regulated market for Lithium will be a game changer for development finance.

Create an accepted measure for NPV calculation.

I am sure I spotted KM on one caption [Simon Moores Jan 16]

@Dallasdaz Agreed, the "sale" I expect would be back to HAS.

This would free up resources to make investment in Argentina which we would control.

Whichever way you view this report it is still positive for kdnc.

No carry cost to this jv and substantial reserves identified.

Still feel BOD will try to negotiate sale here, considerable value for us and HAS.

And we all know who the seller was.

Was it something we said on this bb?

Over 2 hours of trading and not one deal [inc Nex]

Not even MM's laying down their "marker pegs" Is that a good sign traders have moved away?

Thank you for your polite and considered response.

With a lifetime [since 1960] working in Financial Services and at one time a qualified
Financial Adviser my advice would always be to spread risk and never invest in equities
money you cannot afford to lose.

I am simply agreeing with your statement "always balance your investments"

Thus I pointed out that this is exactly the case with kdnc.

As you chose this bb to raise the subject you presumably are in agreement.

Indeed good advice to spread investment risk.

This is exactly what kdnc has done with spread of assets worldwide.