Member Info for Ivybush

Lombard Odier sold down from 17% to 3.65% see RNS 21st & 26th Oct.

AS I said remarkable good fortune bearing in mind major Cap Raise early November!

@funds4future Lombard Odier sold down holding ----see RNS 21st October 2020.

That was fortunate? timing as substantial shareholder dilution was announced early |November
with major capital raise.

Of course I am not suggesting insider knowledge!

The BOD has authority to consolidate 0.01p shares nominal to 0.25p shares until 30th June 2021.
Given at AGM June 2020. I would expect this to happen to reduce shares in issue.

@Barksy1 I also thankyou for update re Frankie. I was getting a little concerned that she
was keeping fit and well. We met at a couple of AGM's when outlook for kdnc was cloudy!

I would advise prudent use of filter button [6 messages filtered so far today] to make this bb
more palatable to the genuinely interested shareholder.

@EyeGuy I think you are right to highlight the importance of rehabilitation costs.
It is clear that after 9yrs of inactivity rail and port infrastructure will need considerable
repairs. In addition the fact that the Port was affected by landslip will require some form
of additional supporting structure before any future shipments can commence.
Obviously the railway, rolling stock and engines will have been vandalised and thus in poor
condition. KM did state that these costs would be met by cash from stockpile, debt AND equity
inferring that this could be quite considerable. I appreciate that an estimate was given in the jrp
but this related to a few years ago and as I recall limited on detail.

I am still a substantial holder here and very happy with progress to date but I would prefer to see
a steady increase in sp based on realistic prospects and not overhype.

I seem to have my wires crossed between Macarthur and Hastings! Apologies.

Still interesting development for Macarthur [we hold only 1% though]

@Bannor Interesting indeed! New structure " will facilitate an acceleration of the development
of these assets" re Pilbara. Our jv has just moved up another notch towards monetary realisation.

Good news on all our investments of late.

As a good number of posts today have been blanked out in green, I assume the disaffected
negative contributors have had a busy day.
However we have had positive news with confirmation that the sale by DEV of the iron ore
stockpile has commenced. Confirmation also that the bank creditor terms negotiated by our
BOD are agreed and await ratification.
Like others on this bb I have added to my holding of late and expect a rerate in near future.
The Amapa development is a massive prospect for kdnc shareholders. At the AGM in 2019
KM told me that he was convinced that this project would be a game changer for us.
My congratulations to the BOD for the progress to date and I look forward to more good news
as the project develops towards production.

I have been asked to comment on REM/KDNC involvement in Sonora jv's. Having first purchased
kdnc in [I think] 2016 my knowledge of the earlier transactions is only gleaned from posters on this
and the other kdnc site. I therefore bow to greater knowledge and thank you all for the background
information. Most helpful and enlightening.

However, I do take a macro economic view in relation to our jv developments in that it is, today, clearly
obvious, that delivery of future clean energy worldwide will necessitate greater use of battery power
and thus lithium.

As for Sonora, subsequent to Ganfeng committing themselves to a substantial capex, it seems to me to be
in their best interests to move ahead as quickly as possible to expand production to 50,000 tonnes p.a.
as has already been suggested. This imv would have to involve our jv's.

Now whether kdnc wishes to assist in funding this would be another question, but nevertheless any
formal announcement from BCN/Ganfeng on such a proposal would have a material effect on value.
Hence my optimism, with some puzzlement why the market is discounting this move, viz, present sp.

The current flag waving by Mexico Gov will end in a pragmatic agreement imv. The Mexican economy
needs BCN [and other mineral exporters] to be successful. Any nationalisation move would immediately
affect inward investment to the detriment of all concerned.

So, in summary, we have an excellent investment in our Sonora jv's which are seriously undervalued.

announcement

@Barksy1 Lithium Hydroxide is also a corrosive material and highly irritant to the human skin.

Thus transporting long distance could present problems. If I wanted to build a battery factory I
would look to a site close to my raw material supply.

I should have mentioned that Sonora is a Lithium Carbonate deposit.
This chemical is toxic and should be treated with caution, suitable protection and stored in a dry area.

It does seem to make more sense to me to create factories close to the deposit rather than have to
transport a long distance.

@News [& Obs] You are right to state that it is logical to have a Lithium Battery Plant close to Sonora.

I am not, or even close, to being a scientist but my research tells me that Lithium [Li] is an Alkali metal.
Pure Lithium has a strong reaction with water and is generally highly reactive and flammable. The Sonora
deposits are not hard rock and pure lithium should be stored for safety in mineral oil.
This could present a transport problem imv, so much better to site a battery factory close to material supply.

Ganfeng has proven expertise in dealing with Lithium so I am optimistic for early announcement of
increase in production forecast to date, involving our jv area.

@News Thanks for the mention. Although quiet of late I am still very much a shareholder here!

On Lithium investment, I would hope now Ganfeng are involved and with forecast of high demand for
product we will see our JV come into play earlier than 8yrs away. I expect to see an announcement
for a big increase in proposed production to include our jv area, although to avoid capex a sale would
be likely imv. Agreed this is only speculation at present.

I do not think refunds would be "automatic" until Company notifies Euroclear of the correct
date [Jan 2019] when purchases were exempt from SDRT. Without this nothing changes imv.
HMRC is awaiting the correct information from RMM executive before any refunds can be considered.

I have received a reply from HMRC SDRT Stamp Duty Team in respect of possible refund.

It appears that the Company RMM [ISIN: GBOOBO6Y3F14] did not notify Euroclear, who update CREST,
until 3rd March 2021. The shares in RMM qualified for exemption from SDRT on 15th January 2019
when they were officially delisted from Toronto Exchange.

A week ago I e-mailed Toby Bradbury RMM CEO of this oversight but no response to date. As some
of you reading this could be in line for hundreds of pounds refund may I ask you to lobby the Company
CEO to right this wrong?
If any company officials read this perhaps they may also wish to assist.

At AGM it was stated Annual cost of licences [from memory circa £250k] was not justified.
Sites were at early exploration stage.

Licences were allowed to lapse about 2yrs ago.

For the record the legislation states:
"An AIM company is required to provide self-certification that its securities admitted to the recognised
growth market are not listed on a recognised stock exchange"
Now RMM is no longer listed on TSX [since Jan 2019] purchases since then should be exempt from stamp duty imv.
Anyone have the ear of a Board member? If so please let them know asap.
If incorrectly applied, refunds can be requested from the Birmingham Stamp Office.
Presumably incorrect duty charged would apply retrospectively.
Judging by the recent turnover refunds could be considerable.
On the face of it the BOD have not made the necessary self-certification.

@Degsie I agree, the bank consortium are not going to invoke the security and have to
find some other arrangement for disposal of assets imv.

I guess negotiation continues on question of size of haircut they accept.
Couple this with court pressure to move forward, I would expect early resolution.

@papucel If you do not need the cash, just chill out and enjoy dividend income.

You only get .01% on deposit! GSK is not going to be out of favour for ever.