Kennedy Venture Share Discussion Threads

[mikeh30] 13/3/2016 09:46

Some pics and vids of the blasting on the website. Nice to see they are updating the website.Now to updating us....

[mikeh30] 02/3/2016 09:56

First delivery to off take partner should be completed now. Need that RNS and off we go

[ridicule] 01/3/2016 15:45

I just made a small top up through ISDX for 14,585 KENV shares and they showed up as a sell!

[andrbea] 01/3/2016 14:27

nice to see other AIM companies pursuing lithium-tantalum (aau/mtr)

Ariana Resources plc ("Ariana" or "the Company"), is pleased to announce that the Company has signed a Memorandum of Understanding ("MoU") with Metal Tiger plc (LON:MTR) for the review, exploration and development of lithium-tantalum opportunities in the Malay Peninsula, and specifically within Thailand and Myanmar.

[mikeh30] 29/2/2016 13:44

Not my buy mate but was checking the buy limits at the time.Decent sell on isdx this morning which freed up some stock. Mms hold minimal so any demand on news this is going north and fast.

[ridicule] 29/2/2016 12:56

mikeh30 I presume you know it was a buy as it was your order? I was expecting more buying ahead of off-take news within a few days.

[mikeh30] 29/2/2016 11:22

77968 was a buy

[mikeh30] 26/2/2016 12:04

Hard to buy any decent amount.A bit of demand and wooooosh

[mikeh30] 25/2/2016 19:45

Ramp up to 9500 and news of the off take partner possibly providing some kind of credit to expand operations to new mines.

[mikeh30] 25/2/2016 19:44

15p sounds about right to start

[horneblower] 25/2/2016 19:40

I rather like the chart...so long as this level is at least maintained.

I know that there has been a complete reorganisation, change of direction and name change since around 2012 but the older part of the chart may still have some psychological influence from previous shareholders. (edit: the advfn chart has an incorrect adjustment in it.)

Hopefully the 2 month delay has not used up too much contingency and the production target of 5,000 lbs/month will be met. If so, the shares should rise on what they now call the "de-risk" premium.

My chart suggests an initial target of around 15p. Does that sound too strong?

[ridicule] 25/2/2016 18:15

A little sign of strength today, but I was hoping for more given the high cash generation in prospect. Let's see what tomorrow brings.

[mikeh30] 25/2/2016 12:11

First delivery of the Mine's high grade Tantalite concentrate to the offtake partner is now expected to take place at the end of February 2016

[mostyn] 22/2/2016 11:13

We should get some news next week if they keep to their timetable so we may get some interest building towards the end of this week, or investors may wait for the actual announcement of first deliveries given that there have been delays so far.

If they have any near term news on this part of the last RNS it could generate much more interest:

"Demand from the offtake partner remains high with further negotiations taking place to establish a structure to assist utilising near term cash flow to finance new investments in the sector."

Nothing like expansion (except perhaps profit) to get investors interested.

[ridicule] 18/2/2016 08:44

We are not far from the end of February and the first sales under the off-take agreement. Once the numbers start to come through this should start to motor. Particularly as there are only 105.27m shares in issue.

[andrbea] 18/2/2016 08:11

sector sentiment still good:

another tantalum project (not our company) in Africa, this time in Rwanda

tantalum mining deal

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others starting too in Australia, e.g.:

[mikeh30] 04/2/2016 08:12

look at the effect off take and sales agreements had on afpo. That 10bagged.Not saying this will 10bag but will have some legs this month

[mikeh30] 03/2/2016 10:06

Great stuff, they are roughly the figures I worked on. They look to be investigating expanding the operations too.This could be a serious riser

[ridicule] 03/2/2016 09:05

Yes Oilbuy. Because the margins appear so good and there are only 105.27m shares in issue, coupled with Giles Clarke's track record - Majestic Wine; Amerisor, I have been stake building over the past months.

I am surprised there has not been more buying this morning.

[oilbuy] 03/2/2016 08:52

Ridicule Nice to see an update. Progress always welcome.Nice to see $30 dollars per pound.

[ridicule] 03/2/2016 08:21

Oilbuy, mikeh.30 Good update this morning with an explanation re the explosive licences as to why there has not been much news of late. In terms of operating costs, the last indication I had was in the Shares Magazine article, dated 6 Jan. I produce an extract below:

Looking good

A buyer has already been signed up for the entire production, namely an undisclosed US electronics manufacturer. They are paying $80 per pound for the next five years; Kennedy is already smiling as the tantalum price is currently less than this amount at $75 per pound.

The Q2 2016 target of 5,000 pounds per month multiplied by $80 per pound equates to monthly revenue of $400,000, or $4.8 million on an annualised basis. When you convert the latter figure to pounds at current exchange rates (£3.18 million) and measure against the present £6.8 million market cap, it means the shares are effectively trading on a mere 2.14 times near-term sales.

By Q2 2017 it is hoped the mine will produce 9,200 pounds per month. On $80 per pound selling price, the miner would generate $736,000 a month or $8.8 million annualised.

Chairman Giles Clarke says operating costs (including adviser fees) are estimated to be $30 per pound, implying significant pre-tax profit margins for the group. Diesel is the biggest single cost, so Kennedy is looking at solar power opportunities to bring the energy bill down. Miners pay 5% royalty in Namibia and 35% tax. Kennedy is debt free.

[oilbuy] 02/2/2016 16:12

Mikeh30We're on AIM. The directors expect is the wording. We will only know how much production will cost when we get it out the door and receive an RNS with facts. I don't like statements that are not specific.

[mikeh30] 02/2/2016 12:41

""The directors expect that the costs of production will be amongst the lowest in the industry.""That's all I've seen on the costs. I'm sure all will be revealed

[oilbuy] 02/2/2016 07:47

Mike 30"One of the lowest possible"Can you please quantify.My concern is that a lot of hard rock suppliers have had to stop production due to the decline in value for Coltan.Does anybody know our cost of production ?

[mikeh30] 01/2/2016 21:03

One of the lowest possible....