Kiran Mozaria, CEO Interview with Alan Green of June 20236 Jul 2023 13:50
AMAPA IRON ORE, BRAZIL
Kiran Mozaria [KM] said that the technical study has to be done as norm. Also, it needs a social licence.
As to why the stockpile has not been sold , it is due to the BANKS. Reason: Amapa iron sells for less than higher quality iron ore from Amapa region and if I heard correctly it is $10 less.
KDNC : Talking to JV partners. Only 3 outcomes ie trade sale, JV or develop.
SONORA LITHIUM, MEXICO
KM thinks the stance has soften [there was nervousness]. Interesting that KM said IT WOULD HAVE BEEN DEVELOPED if not for the policy. He mentioned Ganfeng given they are in charge.
EVERGREEN
It has now been listed and there has been an uplift of 3x if I heard correctly.
THIS IS THE LITCHFIELD lithium project etc [3 in all from recall] near Core Lithium in the Northern Territories, Australia.
I looked last night and the mkt cap of Evergreen was A$30m.
KM mentioned there is a lockup.
EMH -Cinovec
Still have % as an investee co.
HASTINGS-Australia
KM said their share price fell.
OTHER PROJECTS
Alan Green said project must be coming to his desk and KM said yes.
KM said : HARD ROCK LITHIUM but in a ...jurisdiction , think he mentioned Europe.
Comment: In the interview, KM was very clear about KDNC and what it does ie INVEST IN EARLY STAGE exploration where the UPLIFT in sp is at this stage.
Clearly, he is cognisant of what happened with SONORA and the wild days of REM when it invested in Sonora.
---SO, KM NOW AGREES.
---SO, KM HAS ALSO SEEN THE LIGHT IE THE LITHIUM SECTOR.
--Why CCZ rejected KDNC/s Litchfield is a puzzle to me as it would have lifted their share price but now it is spun out and listed as Evergreen on the Australian ASX.
--I said that IRON ORE is a rather volatile commodity ie price and hence KM said the banks may not want to sell at these prices for the Amapa stockpile.
--SO, KM HAS FINALLY SEEN THE STRATEGY IS AS AN INVESTMENT CO, which is the objective of the co and set up as such. That is why KDNC does not qualify as a AIM tax scheme for IHT still?
----WELL, KM MUST KNOW THAT TO PRODUCE RETURNS LIKE REM [old name for KDNC], they will have to find something large. So, if I am hearing correctly, Amapa may be JV if they can do a deal and that means the interest can be divested as norm for any investment co strategy? Sounds like it from the last part of the interview.
But have a listen as I could have heard it wrongly?
6 July 2023. Sorry for typos as I am not editing. Got to run.
Came to provide a summary of what is happening post REM under DL.