Member Info for jimb2

@Masterbaker

he's gone!

@Bannor,

I'm stunned you mean there is no red Ferrari, I had visions of Rayofsunshine being an investing genius:

https://youtu.be/N7JBXGkBoFc?t=220

Rayofsunshine
RE: Good news24 Mar 2021 10:22
@mac69 :) only sold a pitiful amount 8760 shares at 18 pence it’s all there to see on the sells , just wanted to buy myself a bottle of champagne with it to celebrate all the money I’m earning off you lot :)

I'm sure we will see Zak Mirs 44p this month and much more if we get a sign off - sorry Rayofsunshine your short looks to be a really bad decision and 7P ? - well I'll leave it at that you must be suffering enough as your own words clearly show:

RE: Good news24 Mar 2021 10:22
@mac69 :) only sold a pitiful amount 8760 shares at 18 pence it’s all there to see on the sells , just wanted to buy myself a bottle of champagne with it to celebrate all the money I’m earning off you lot :)

Rayofsunshine

Posted in: KDNC

Posts: 98

Price: 17.75

No Opinion
RE: Good news24 Mar 2021 10:06

Sold mine at 18 pence sunshine :)

Rayofsunshine

Posted in: KDNC

Posts: 98

Price: 18.25

No Opinion
Can’t even get a price to sell £150024 Mar 2021 09:27

Pounds worth of shares with hsbc

Rayofsunshine
Posted in: KDNC
Posts: 98
Price: 18.00
No Opinion
RE: @ tradecraft26 Mar 2021 06:41
@ tradecraft I believe but do your own research there’s gonna be another 6 months at least hold up of the deal for kdnc , that’s just my thoughts but I can’t risk been out just in case I am wrong , so I now have a nice short on this as well win win both ways , as there will be another chance to buy in at 7 pence before it starts to climb up what we are worth with emh again , gl

Sad person!

The trade was on AQSE, the spread is showing 10.91%

I wonder if we get the sign off whether HAS will want to take our 30% sooner, I'm sure they will watching the fortunes of KDNC closely with the likelihood we will be in the position to contribute in the JV's?

Only six years off!

The definitive feasibility study published in 2017, modelled two production scenarios the second of which had included within it 808,000 tonnes of plant feed from to start from one of our joint venture areas (Yangibana) in year 6. This production target and additional production target from the definitive feasibility study indicates that 11% of the plant feed will come from our joint venture area[1].

The funding announced by Hastings represents the large majority of the equity component required to commence the development of the Yangibana Project, which includes the mining and of our joint venture areas.

The economic model contemplated by Hastings[2] assumes Cadence through its subsidiary will participate in the and mining of the deposits held 70% by Hastings and 30% by Cadence (30%). Assuming there is a development of the mine by the joint venture a new Mining Joint Venture Agreement will need to be agreed and put in place to replace the existing joint venture documentation and regulate the arrangements between the participants for the mine development. No costs or revenue ascribed to 30% interest in the deposits held by Cadence were reported in the financial modeling published by Hastings.

So we have our BCN and HAS JV's that could see negotiations developing at anytime?

HAS significantly increased to resource recently:

https://www.investi.com.au/api/announcements/has/b07ebf9d-03c.pdf

yes,

I'll echo that Barksy1, thanks news for sharing your thoughts and research and for giving a balanced view along with a handful of genuine lth's who have persevered and held strong.

I sincerely hope those who deserve so are rewarded.

jimb2

Kashdog / Filtered

two today, that's been a while since two were added, it was very close with you as you did promote the filter button but for being a hypocrite!

indeed MJFMSG,

a filter a day keeps the plebs away

not at the moment for me,

but looking back to the bunker is it really that far back:

Jimb2
Latest Status:
Gender: Male
Posts: 226
Date Registered: Nov 12, 2015 at 11:32pm

at the same time I understand those looking to check on the integrity of who posts and will therefore be more than happy to use some form of authentication through the members in the bunker.

I can change some profile settings like my avatar [ ? ]

That should be clear to those in the bunker and if Tradecraft wants further I can make a payment somewhere using bank credentials to verify.

it's a great idea and maybe LSE should consider providing at least true authentication of posters like a one off credit card payment refundable?

or a simple basic subscription £1 / year paid with a debit credit card

jimb2

Good to see you are increasing your holding @Ivybush I know you were a substantial holder a while back, ironic for me is the fact I had no intention of adding from 17p onwards and since Mr.lithium/Yune/RayofSunshine posting they were making money out of the LTH's I added another 50k.

too much short term upside to be on the fence here I feel.

And the time to be optimistic was last year especially sub 5p and for those who were enjoy the upside, anyone underwater I sincerely hope your fortune takes a turn for the better very soon.

I topped up last week at 27p and 28.5p before and after the Ganfeng BCN news selling some at 45p and some at 57p to fund here and still hold some BCN, however as disappointed as I was that we may not be part of Sonora as a production company we may seem revenue from our JV if Ganfeng make an offer.

Now I'm thinking is the upside in BCN now limited to 20% max and should I take a further stake here although KDNC is 75% of my portfolio - I would imagine other LTH's are thinking along these lines?

Or will there be further developments with the BCN offer?

Then again a well written trading update across all our assets just on the news to date could easily see 20% plus tick up?

I know where you are coming from Masterbaker and that got me thinking - 'Ganfeng plays the long game'

As far as Ganfeng goes taking 100% of BCN - is there a possibility they will mothball the project to protect their other global project investments, I say that because we have seen a handful of people prepare the site in Sonora and construction is due to start later in the year so no major investment in the plant by Ganfeng so far - just food for thought!

Something I 'think' Joe Lowry alluded to May 2019:

I returned home to the announcement that my China favorite Ganfeng continues to make investments holding disproportionately high benefits on the offtake side. The Bacanora deal is just the latest in a series. Ganfeng currently has a full development dance card with their own expansions in China, Cauchari (along with partner LAC) in Argentina and supporting Thacker Pass. I view the Bacanora deal as substantiating confidence in their ability to unlock “soft rock”. Certainly great news for Bacanora shareholders but unlikely to result in meaningful supply from northern Mexico in the next five years. Remember, Ganfeng plays the long game.
https://www.linkedin.com/pulse/lithium-2019-dazed-confused-joe-lowry

However, a more recent article shows Ganfeng could not invest in Thacker Pass:

March 2020
“Ganfeng has investments in resources all over the world – China, Australia, Argentina, Ireland and now Mexico,” Joe Lowry, a lithium market expert, told Diálogo Chino. He noted that the company is unable to invest in lithium in the US due to regulations on foreign control of strategic resources
https://towardfreedom.org/story/mexicos-lithium-discovery-is-a-double-edged-sword/

Still we just might have a global supplier needing to ramp up production in the lower quartile with high grade products and just arrived late to the game in Sonora with Thacker Pass being out of reach due to US China relations.

Whatever they are planning our JV's must be standing in their way?

Agree with that tomcat-14, 30% of 70% of Sonora,

I used the upper BCN valuation and got £56m but should have used the entire project GF+BCN so nearer £100m.

With all we have underway across Amapa, HAS, EMH and BCN this is ridiculously low, I hope news next week puts KDNC on the radar of many investors - for the record I sold 20,000 BCN last week and topped up here - smart move -

not so far the first 10,000 was at 45p before the news!
--doh!

Any thoughts on where we go with HAS if KDNC get revenues from Sonora or Amapa to participate in the JV's

That might just cover the disappointment with Sonora for those looking longer term.

Valuation figures:
The deal, which values Bacanora at up to £267 million,
https://www.mining.com/ganfeng-lithium-grabs-bacanora-in-246-5m-deal/

http://www.asianmetal.com/news/data/1665396/7/Shanghai%20Ganfeng%20to%20acquire%20Bacanora

After the deal is finished, Bacanora will accelerate its efforts to put Sonora lithium clay project into production.

Ganfeng plan a battery recycling plant near the Sonora site, don't be surprised if there's a Gigafactory Sonora - Ganfeng just might have the support of the Mexican government if push comes to shove, plenty of production already in Mexico for ICE with global car companies and EV's will be a dead cert along with powertrains for export IMVHO - possibly large scale storage manufacturing as Ganfeng are already producing large scale units.

One thing to be sure of is Sonora is of global significance.

yes, MikeBWell the BCN JV's

DL suggested a KDNC value of 30% of 70% of Sonora - taken a tad off for their funding of the project and Zinnwald not a number crunching exercise so 21% of the BCN value is £56M so £30M to £40M seems reasonable to me.

Sonora competes with brines Ganfeng want it it's a globally significant resource.

Any chance of a big dividend Kiran?

https://www.mining.com/ganfeng-lithium-grabs-bacanora-in-246-5m-deal/

Values BCN at up to £267M

I would hope KDNC is valued at circa £35 - £40M

Three RNS's due so how preoccupied the bod must be!

Maybe not Hanwa but 75% could be challenged?

In particular, Bacanora Shareholders should note that the Offer, if made, would be conditional upon, among other things, the Scheme becoming unconditional and Effective (including its approval by a majority of Scheme Shareholders present and voting (in person or by proxy) representing 75 per cent. or more in the value of the Scheme Shares held by such Scheme Shareholders).

As of year end

M&G Plc
44,373,385 19.8%

Hanwa Co Ltd
12,333,261 5.5%

Igneous Capital Ltd (2)
9,883,774 4.4%

D&A Income Ltd (2)
4,738,030 2.1%

Let's see how Hanwa react,