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Kennedy Venture Share Discussion Threads
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|Also worth pointing out it seems KENV has alot higher grade ore -
"It is expected that production will now ramp up to an initial target rate of 10,500 tonnes per month, estimated to produce around 5,000lbs Ta205 per month in the second quarter of 2016"
about 50% TA205|
|From RNS 03/08/15:-
"It is anticipated that the first phase of production, commencing in Q3 2015, will see a build-up of throughput at the course recovery plant to treat up to 10,500 tonnes per month; estimated to produce around 5,000lbs Ta205 per month. The second phase of the development programme would focus on fines recovery which should increase throughput to around 15,000 tonnes per month and output of 9,200lbs Ta205 per month by mid-2017. The Directors expect that the costs of production will be amongst the lowest in the industry. An independent study has confirmed the estimated resource of 843,000t grading 490ppm Ta2O5."
Using the numbers from that as a rough guide, I'd say from the 15,000 tonnes monthly we're probably producing about 3,500kg of Ta2015 which, at the $128 price google quoted would mean close on $450k monthly. Annualises at $5.4m.
In pounds about £4.5m and our operating costs are very low I think less than 50% so for a £4.7m market cap very attractive. All very approx so dyor (and maths).
Lithium carbonate possibly from Q2 next year icing on the cake.
Ok iLeeman let us know please if you get a response I'll do likewise.|
|Yea that was most likely on the lower rate of production.
I have also emailed KENV to gauge profit on that revenue. Would also be interesting to find out just how much premium they can charge for being in a conflict free zone.|
I think the error is from mixing tonnes with kgs perhaps.
Notwithstanding that though, if they've achieved the higher rate (sharesmag did show a low and a high) then they've done it very early and the numbers are still good. It needs some clarifying and I'll contact PH later if I can. The sharesmag text is below.
Shares Mag 08 Apr:-
AFTER A MINOR delay, Kennedy Ventures
(KENV:AIM) has now made its first
shipment of tantalite concentrate from
its Tantalite Valley project in Namibia.
Investors haven’t yet cottoned on to
the fact that Kennedy will soon be
generating an estimated $400,000 of
monthly revenue, or $4.8 million on an
annualised basis. This run-rate is expected in
the third quarter of 2016.
In just over a year’s time that figure could
move to $8.8 million annualised revenue by our
calculations as production ramps up. That is
almost the same as the present market value of
the business ($9.1 million or £6.4 million). The
shares are outstandingly cheap at the moment,
hence why we are confident our Play of the
Week trade will be significantly in profit once
the stock gets on investors’ radars.
The revenue figures are ballpark estimates,
as Kennedy is not allowed to reveal the
exact terms of its sales agreement
with an undisclosed US electronics
Operating costs (including adviser
fees) are estimated to be less than half
its selling price, implying significant
pre-tax profit margins for the group.
The figures in half year results reported
on 31 March 2016 were meaningless as they
covered a period before the start of production,
hence no revenue. However, as broker Shore
Capital notes, ‘the company dropped a
potentially very tantalising tidbit, saying that
investigations into lithium potential at the
Tantalite Valley Mine had generated “very
We believe Kennedy could experience a
significant re-rating as production ramps up, so
buy now before the secret is out. (DC)
|Could be higher than $128/kg
From mine aquisition RNS "It is intended that the tantalum produced by Aftan would be conflict-free and the Company would anticipate that a premium to tantalum from conflict areas could therefore be charged."|
|I would assume any price would be based on what the market rate was at the time of the offtake agreement.|
They ramped straight upto full production of 15000 which has only taking place since the last RNS, sharesmag probably taking the lower production rate back in April.
Google = Tantalite Ore USD/kg 128.61|
Can I ask where you got the $128.6 figure from please?
The resulting annualised revenue would seem far higher than the upper rate target (for 2017) they gave to Shares Mag back in April which inferred revenue of ~$8.8m. I prefer your number but it just seems too high.|
|15000 tonnes per month x $128.6 = $1.9mil per month
with nothing else taking into account from the companies assets, exploration, cash etc
£6mil cap is insanely cheap.|
|This extract from 03/10/2016 RNS ......"Full commercial production at the new higher target rate of 15,000 tonnes per month is expected to be reached during next week and first shipment of tantalite concentrate to Aftan's offtake partner is anticipated to take place in the second half of the month, and twice per month thereafter".
We should have an RNS in the very near future.....|
|Well at least the bid has gone up so far today ....
I assume AGM will be in December?|
|In the words of Yazoo - the only way is up .....|
|Lots of potential for a re-rating here.....production ramped up.....possible lithium asset.....very close to revenue producing. I am expecting great things from this little company......|
|perked up a bit?!|
|High pre open. .. something brewing imo|
Namibia Tantalite Investments
August 2016 – Present (2 months)Tantalite Valley
General Manager Mine
Amec Foster Wheeler - Mining Africa
May 2016 – Present (5 months)Jhb
Execution of projects EPCM & EPC
Manage: SHE, QC, Commercial, Supply line, Project Controls, Project Management, Project Engineering and Construction Management
General Manager Projects/MDM Engineering (Division of Amec/Foster Wheeler)
March 2012 – Present (4 years 7 months)South Africa/Africa
General Manager Projects MDM engineering.
Manage a portfolio of projects; Africa, Internationally.
EPCM and LSTK.
Gold, Copper, Iron ore, Uranium, Chrome, Phosphate etc.
Project and Construction Manager
Anglo Gold Ashanti Continental Africa
January 2011 – March 2012 (1 year 3 months)
Manage projects on behalf of AGA in Africa
January 2006 – January 2011 (5 years 1 month)
Managing Engineering Projects
Gold Fields SA
January 1973 – April 1987 (14 years 4 months)Namibia & RSA|
|Trouble is it's just pi's nibbling, the update was ok, they made a thing of the new gen manager appointment with track record of on-time delivery, that would be good. The share price should multiply if all proceeds as expected but I suspect there will be news droughts and remember they have promised cashflow before. Patience required. Those who know GC's casual attitude to informing will know the score.|
|All buys coming through|
|update reads ok.. whats the expectations on this stock?|
|Pretty momentum divergence & gap|
|The Shares article states they should be producing Lithium within the next 6 months!|