Member Info for Ivybush

You should not accept no for an answer.

Tell your wife that it is a waste of time arguing as you know you are always right.

No doubt I will be accused of ramping as it appears it is wrong to have any positive outlook!

On Oct 10th the London Metal Exchange is meeting with Price Reporting Agencies to decide
the format of a $ denominated market price for Lithium.

Why is this important? Put simply, besides a benchmark for mining companies valuations,
it will give mining finance/off take providers the ability to hedge risk by forward contract trades.

Clearly a game changer in Lithium mining finance---maybe less dilution?
Also a very positive development for all Lithium miners--and investors.

LME is expecting the new market to be open for trades early 2019.

Let us hope that although the date is wrong [2019?] the figures are right.

I perhaps should have added that kdnc publishes accounts on mark to market basis.

This is a truer statement of current value than historic cost.

@joshing_man If you look at Statement of Income 1st line -- loss of £3730m

This is reduction in market value [primarily BCN] of our investments.

Obviously a book entry as we have not sold, so no effect on cash flow.

Rest of loss shown is mainly admin costs.

@steven49 nice of you to call in with your strong sell opinion.

David Leningas resigned in December 2015.

Your opinion is therefore not relevant.

@Barksy As highlighted by Obs I took that to mean a disposal of Yangibana is being considered.

Who knows any proceeds could be sufficient to repay loan in full

Anyone prepared to guess approx current value of this asset?

@Barksy I reckon mm has been running a short book for some time.

Lifting sp on very small purchases looks like closing out to me.

@Dallasdaz I am sure that is the answer. Makes sense to keep all options open.

and kdnc is up by 15% since the low of .135 on 26th Sept. Very positive short term move.

@chuckypowers as you have asked me directly I will give you my personal reasons.

I am very much in my "right mind" and have managed my own portfolio since 1960--yes 58yrs.

My two main mantras are asset value and [imv] unrecognised future potential.

This often means I become a contrarian i.e. investing where selling prevails.

As most of my holding has been made in last 6 months I now have an av below .23p

Many on here would love to swap I am sure.

Being [although new here] a long term investor I will not be selling.

Lithium is indeed the future for clean energy.

Imitation is the sincerest form of flattery.

Take note all those "sales" listed here at 0.1539 are purchases.

@ Bampster for the record kdnc [rem] first bought bcn many years ago at well below 70p

So it could be argued that those shares sold were at a profit!

We also bought at circa £1 so obviously losing now.

Whilst on bcn I hope that an outright offer is made for co--inc our jv--that would help our sp!

@Mrcautious apologies for late reply re: cash burn.

There must be some cash currently held so lets assume no further cash needed until 2019.

KM stated at AGM that total admin expenditure [inc salaries] for next year would be circa £1m

New loan repayment commencing Jan 2019 [$4.87m] = say £3.75m.

Just taking one quoted investment EMH 20% of current mcap = £5m+

I am not suggesting sale of EMH at all, just for illustration, there are many options.

@Tyrannosaurus pleased to see you are on board here.

Bought another 2.5 million myself this morning.

Continue to hold, have not sold any kdnc since I started buying about 1 yr ago.

I agree value of all investments makes this a bargain imo.

At least I back my opinion with my money! Now hold over 85 million.

Turnover now down to low level.

Any buying here would quickly reverse recent fall imo.

Just arrived home after a 450mile round trip for a meeting so posting now.

Has recent selling pressure anything to do with AFH just completed purchase of 15000 strong
[discretionary?] client portfolio from liquidators of Beaufort Securites?

We know Beaufort was actively dealing in kdnc and up to now their clients funds had been frozen.

Could be a logical reason for sudden wave of selling--- but maybe just pi's panic actions.

Yes, I am !! Showing a loss like everybody here, but not downhearted.

Time scale up to 2 years for my investment to deliver.

Too many doom mongers --- are they the shorters?

Seems like we are all shell shocked here by market reaction to renegotiated loan.

My assessment is that the terms are as good as we could expect at present.

Take note that interest payments have been incorporated in new loan.

No cash flow problem then.

We are also affected by bcn debacle with recent fund raising attempt--now 35p bid.

Remember we sold last year at aprox 70p to repay part loan. BOD got that right!