Member Info for observer842

:-) Do you have a sale value in mind for the Sonora JV's? And what would be the absolute minimum you'll be happy to let them go for? I'm still wondering if MMS is the wild card for us that facilitates value add for our other projects and allows us to wait out Sonora. (but it could be Yangibana, or EMH). We need examples of M&A activity for companies similar to ours. In particular I'm wondering how much our 10% might be worth to someone wanting in? Our 10% tail sale would then effectively wag the valuation on the remainder of the company.

Hello @news. Any chance we can use the main KDNC board - it's becoming tiresome for me to check in 3 places. Who cares if we annoy some posters with our research & ramblings: we have every right :-)

IF we got that additional ~0.4p from the sale of our 10% of MMS in cash, make no mistake about it, the ~£30m this translates to would be transformational for KDNC.

Whilst I'm here, does anyone know the intention/meaning behind this:

===[
Glencore agrees to release up to 70% of their off-take volume where Macarthur secures project financing from a Strategic Industry Investor, subject to their securing off-take of the product produced.
]===

I'm sure it's obvious, but I can't get my head round what that clause is getting at and who it benefits.

Ob.

This sure is a hard puzzle to put together! Shame some of the KDNC posters aren't here, they would have it figured out by now. LoL.

I'm not sure what you mean @dougal? If the situation is that the product is years away from being commercialised, then we likely don't need a Sales Director or a Marketing Director at this point in time, but we do need someone to continue to develop the product. This guy:

https://www.inspirit-energy.com/who-we-are/the-board
===[
Operating Board
Paul Booker
(Design & Development Director)
Paul has a wealth of design, engineering and management experience and has worked in many areas of engineering. He is responsible for designing components, setting and evaluating internal testing and the associated analysis as well as designing and implementing internal control systems. He manages the engineering aspects of the business and has a Degree in Mechanical Engineering from Sheffield University.
]===

Is your point that perhaps we don't need a sales director or a marketing director because we are close to joint venturing or selling out to a third party?

Ob.

Indeed @mrcautious, I own shares in KDNC and as such tend to speak favourably about them. It also means what I say is likely biased - and one of the reasons why I try to provide supporting evidence with my posts.

For the record I haven't declared whether I hold shares in BCN therefore offer "No Opinion": I may or may not be biased! ;-)

Indeed. It makes me wonder if the BoD are in possession of inside information so they, regrettably for them (and us!), are unable to make purchases at this seemingly bargain price.

I presume with the loss of Paddy the Inspirit Energy Consulting plan fell through. Which explains the website no longer working?

http://www.inspiritenergyconsulting.co.uk/

And confirmation statement well overdue:

https://beta.companieshouse.gov.uk/company/11190342

I have to keep reminding myself that I am allowed to get excited about Picasso. I keep putting the brakes on because of the disappointment over the San Luis licences - months of waiting, years now! But we have the licence already for Picasso - so news could roll in any time! ;-)

It feels to me that we are stalling until asset backed funding has been arranged. It was a good plan, so good in fact I suspect JG decided there was more to be gained by keeping all the profits from this scheme "in house". We'll see!

Thanks for the link. The correct link is:
https://www.allianceminerals.com.au/wp-content/uploads/2019/03/02088109.pdf
and the slide is page 5 not 4 ;-)

Can we be certain? And what about Nick?

I see Paddy and Nick were mentioned at this meeting:

"Final Minutes for 5th October 2017"
https://www.microgenerationcertification.org/wp-content/uploads/2018/11/MCS-Micro-CHP-Working-Group-Final-Minutes-17.10.05-v1.0.pdf

but not this meeting:

"Friday 17th August 2018"
https://www.microgenerationcertification.org/wp-content/uploads/2019/03/MCS-mCHP-WG-Final-Minutes-18.08.17-v1.0-2.pdf

Links courtesy of:

https://www.microgenerationcertification.org/about-us/what-mcs-means/scheme-governance/mcs-technical-working-groups/

I'm confident that on real substantial positive news, the share price will massively re-rate. Who would be the sellers? I suppose I might de-risk a little from these levels, but not enough to put the brakes on the share price by far!

Point being an equity raise to take us to commercialisation wouldn't make sense at this market cap, but we shouldn't be at this market cap at that point

Ob.

I see that Paddy no longer works for us:

https://uk.linkedin.com/in/paddythompson2015
===[
Experience
Sales Director
Inspirit Energy
May 2015 – July 2018 3 years 3 months
London, United Kingdom
]===

Cuts down on overheads...

I posted my 15:49 message before I saw your message at 15:47!

I had a preliminary look at the location of Picasso when it was announced. I don't think there is much to be gained in seeing the outline at this stage so I'm happy to wait for KDNC to release this.

If I was 100% confident John Gunn wasn't leading us up the garden path to oblivion I'd be marking this as a Strong Buy at these levels! Not sure what percentage confidence in JG a "Weak Buy" suggests. LoL.

Come on JG throw us a bigger bone with more meat on and think about making a commitment to purchase all shares holders are willing to sell below 0.07p. You don't need to announce this. Just do it. Think about how much of the pie you could own, A great big Inspirit Energy powered pie ;-)

Ob.

Why would anyone do anything @dougal? It's about the perceived risk to reward return. For instance, when the share price was higher, every pound YA loaned could be converted into a certain proportion of the company. Now the share price is lower, that same pound if we were to borrow it could be converted into a greater proportion of the company. If we are indeed further down the road today than when our market cap was 10x greater, it would seem like a good deal for the lender no? And not so good a deal for the shareholders, which fortunately for PI's includes JG, suggesting we won't use the facility until the market (and hence the share price) perceives we truly are on the road to commercialisation. ;-)

Make that 0.0272p.

@news
===[
Not sure how big PICASSO is - not worked it out yet. Hard to do so as acreage alone is not enough. One needs to know mineralisation pegmatites etc. ONE TO ASK KIRAN at the AGM - anyone attending, could they ask?
]===
Hopefully we'll have performed sufficient exploratory work to get an early feel for the potential size of the resource long before the AGM! ;-)