Member Info for observer842

"Lol @MB, you've listed every word @Obs uses ;-)"

Surely you mean:

"Lol @MB, you've almost certainly listed every word @Obs uses iirc ;-)"

In terms of the Argentinian licences, my understanding is that the focus is very much on Picasso. The point being that so long as we can progress the Australian licences to a point that we decide to take all of A&A to 100% the Argentinian licences can be granted in their own good time, which could be years at the current rate! They matter much less than they used to in the short term. This makes me very happy ;-)

@Bannor "HOW ARE WE GOING TO FUND THIS & SERVICE THE LOAN & RUNNING COSTS". That's the $100m question, the answer to which is hopefully a turning point for this company! ;-)

I don't particularly like being negative on here, but you must realise by now that both BCN and EMH could be parked practically indefinitely due to the market refusing to fund projects of their nature: fairly unproven (at scale) and with large CapEx. I, presumably like you, think the market is mad not to, but our opinions mean nothing... Having said that it does feel like funding for BCN is imminent, and perhaps that's how we progress our A&A lithium assets?

The point being we really must take our own destiny into our hands and progress projects with shorter times to production. The Argentinian licences were meant to do this - I'm fully behind the Australian licences, even if it means gradually selling out elsewhere or taking on more debt and dilution. The point being we can't, and shouldn't just cross our fingers and hope that one day BCN/EMH/HAS will come good. They may not.

Controversial I know, but this is the plan as announced over a year ago.

In summary, I don't know "HOW ARE WE GOING TO FUND THIS & SERVICE THE LOAN & RUNNING COSTS" - but I do hope the answer pleases the market, for once! ;-)

Ob.

Here is the working link:

https://corelithium.com.au/finniss-lithium-project

Here is the working link:

https://corelithium.com.au/finniss-lithium-project

May I ask why you continue to post on here rather than on KDNC? I'm certain your great research and summaries would reach a wider audience over there. I know I hardly ever look in on this board any more. I'm quite surprised it hasn't been deleted or marked as read-only by now.

For posterity ;-)

"Acquisition of Lithium Assets in Australia" (04 March 2019)
http://webcasting.brrmedia.co.uk/broadcast/preview/5c7930193ba003403113ec18
===[
I think the great advantage of this project is that we've already got two of the licences. We've got the licence for the critical one which is Picasso. So if you remember last deal that we did with Lithium Technologies and Lithium Supplies we've been waiting on the Argentinian State government to grant the licences before we start exploration. By doing this deal we effectively can start that exploration and earn into these Australian assets as well as the Argentinian assets. So we will be starting exploration as soon as possible within the next 3 months. And we will be starting that focus on Picasso.

Our target is to really as quick as possible, firstly carry out ground mapping, identify pegmatites and define mineralisation of spodumene, take the samples, provide the market with updates in terms of those samples and what we're getting, and also critically to identify a drill-ready target. If we can do that as quick as possible we can then start drilling and defining resource, and that to me is where we'll see upside for the shareholders to going from effectively relatively unexplored areas to defining a significant pegmatite and resource would be an ideal situation for Cadence, and the great thing about this is it would produce spodumene so any CapEx that's required would be much lower than we are seeing for a fully integrated Lithium plant, and we would ship that, assuming that we are successful, ship that spodumene off to China.

We have a path to go, but we know what we are going to be doing. We will agree the exact timelines with our partners in this, and if it's all successful we could end up owning 100% of this asset which is great news.
]===

Unsurprisingly @Kiran believes this is a "great deal" and thinks "there is great potential for upside in these assets".

Unsurprisingly so do I! ;-)

Ob.

Always worth a read:

"EV Company News For The Month Of February 2019" (Mar. 4, 2019)
https://seekingalpha.com/article/4246117-ev-company-news-month-february-2019
===[
January 2019 global electric car sales were up 82% YoY, with China again leading the way with an amazing January sales result. BYD Co. and SAIC are now the new global number 1 and 2 top sellers, at least for now. Electric car market share for January reached 4.8% in China, 2.8% in Europe, and 2.2% in the USA. Based on a strong start to 2019, it is looking like 2019 electric car sales may reach ~3.2-3.6m and 3.5-4.0% market share.
...
China starts 2019 with a 175% YoY surge in sales for January 2019.
...
Benchmark Minerals - "In the next decade the demand for lithium [used in the battery industry] is set to go up 9-times, cobalt is set to go up 6-times, nickel is set to go up 5 times, and graphite anode is set to go up 9 times."
...
Benchmark Mineral Intelligence is now tracking 70 lithium ion battery megafactories under construction.
]===

Very nice summary. The S curve is developing nicely fuelled by that kind of year on year growth. 175%! ;-)

Ob.

Thanks @Dallas. I'm grateful to hear what other's opinions are on this. In terms of Yangi, do you think as I do that including us in the mining plan made our JV more valuable? Perhaps we've now found a buyer now that hurdle is crossed?

As for BCN JV sale. It's a low probability scenario for me, but I'm thinking big. Very big. If someone wants to take over BCN, they'll want us out of the way for sure.

Selling down EMH is certainly one possibility. And perhaps is the most likely, but it's also possible a large sale could be in the offering there too. Those lithium supplies need shoring up. Pronto!

However, I'm beginning to think that a placing might be most likely, otherwise why not wait until the big news comes in and then announce today's deal once our share price has risen resulting in less potential dilution if we exercise our right to go to 100% ownership in the A&A lithium assets?

Which brings us back to @Bannor's earlier question. Who exactly are we buying from? Are they known friendlies? Do we want to/need to keep them onside?

However this plays out, one thing is for sure, we sure could do with a few million pounds round about now to pay off debt and kick start A&A! ;-)

Ob.

I'm still here @Bannor! ;-) Just digesting the news. It's the most excited I've been about the future prospects of this company for a long time. But where are we going to get the money to progress the A&A lithium projects which we have options to take to 100% ownership? My money is on an asset sale or (heaven forbid for some!) debt. Presumably some of those leaving today read the news and concluded a placing, and AIM will be what it is... it's certainly possible. But wait, if I'm predicting not that, perhaps it's the most likely outcome?! How long until we find out though I wonder?

Presentation at:

http://www.branduk.net/wp-content/uploads/2019/03/Acquistion-KDNC-March2019.pdf

From my point of view we are now where we should have been over a year ago with Argentina. I presume the one year option to acquire 100% ownership in the A&A lithium assets ends on 4th March 2020. Better get a move on @Kiran! ;-)

Ob.

For the astute reader I'd like to state I am not, and have never been, connected to the KDNC Board of directors in anyway. I am just a regular Private Investor not paid to post here or anywhere else by anyone in cash, or equivalent, or in kind related to KDNC.

And yes. I've been very wrong in the past on this share. Very, very wrong. Thanks for reminding me... Though 2020 hindsight vision is a wonderful thing I stand by all I posted as being correct at the time I hit the Post button, albeit proven to be overly optimistic with the passage of time! I can't remember a single prediction of mine coming true with this share! Although I think I said we'd likely sell BCN rather than EMH to meet our commitments.

1 correct prediction out of hundreds of failed predictions isn't great is it...?

Ob.

Thanks @Ivybush. I never left the board. I've read every post - most appreciative of your continued positivity.

Time bound offer of abstinence from posting on this KDNC board is all that is on the table @t-smith. Anything else is open to challenge. @maddog?

How many days of me not posting here is required to convince you I am not connected to the Board in anyway and am just a regular PI not paid to post? I'm not saying I'll take you up on the offer, I'm just curious to know. Is it a week? a month? a year? 3.14159 days?

Exactly @Frankie. If we were waiting on Australian licences to be granted before we could progress that really would have been akin to smashing our heads against the wall a second time to see if it still hurt...

@Dallas. I had written of Argentina when our year option expired. Now not only is Argentina back in play we have new Australian assets which most are already licensed and ready to progress. We are far from being out of murky waters though due to BCN's terrible share price and outstanding loan commitments... But at this price, it's a decent gamble again, just not a strong one. Yet! ;-)

The point being @Frankie, if we do sell an asset to progress another, it's almost certainly because our BoD believe we can make better returns per year, and overall company wise, on the new asset than the old. In terms of our Yangibana asset, it may now be in the mining plan, but it will still be many years until we get a return on that. Pursuing our potentially 100% A&A lithium assets should return more value to shareholders on shorter timescales and allow us to help fund other assets to production. That was the plan with Argentina, which, as we all know, did not plan out well at all! Let's hope the other A plays well ;-)

If the licence extension to our Greenland asset is granted, then we have control over that. Of course we won't be wanting to progress it until GGG have put all the infrastructure in place. We'll be more likely to sell though - but not necessarily...

I'm sure the plan is to get the share price well beyond 1p @nookie, but unless we get a very favourable asset sale in the near term, or some very good drill results from our new assets, I doubt we are looking at this year. But I could be wrong. I've been wrong before... ;-)

All these electric motors are going to need a lot of them there rare earth's @Dallas ;-)