RE: Email from Dennis Edmonds23 May 2023 19:19
Agricore - Your analysis has a few inacuracies :-
1. KDNC is largely composed of early stage holdings which are all pre-FID (Final Investment Decision), and not producing. I have good news! KZG will be producing as of May 2023. The investment decision at KZG was made months ago.
Amapa IS shipping ore stockpile now and therefore raising revenue.
EMH is an existing mine and is at the final stage before securing offtake agreements.
3. The market for iron ore has dropped to around $100/tonne; lithium is $40k/tonne - both are down quite a bit. HMS are at bumper prices; Diamonds are at a steady price.
Whilst this is true Amapa is HUGE so individual commodity prices are less relevant.
4g - Announcements to use generated cash on new AMS projects. Or new projects elsewhere - If the SP increases this is fine but if not its just the carrot at the end of the stick again..
4h - Alternatively special dividends are announced. This could be a large slice e.g. 50%+ in a scenario where there are no better uses for the cash (it's my view there are better uses) -- A special dividend may give the company some credibilty eg CASP
I have been here since 2016 and although its got a bit sexier we still suffer from 'coulds' and 'maybes' and a hard info famine.
This share has 'form' and doesnt get respect it will have to earn respect, and then of course people will have to buy the shares --- almost forgot that part !