Kennedy Venture Share Discussion Threads

[wrtmf] 21/2/2017 11:08

whilst we await news...

the blasting continues
the ore is gathered up and stockpiled
the production of concentrate rolls on

[grsl] 20/2/2017 16:15

Must be very confident of getting much better terms and quickly to pull back December production from Aftan's offtake partner.

[grsl] 20/2/2017 16:12

Following Larry's appointment and given his knowledge of tantalum pricing, a review of Aftan's offtake arrangements was deemed necessary. Aftan is currently in several discussions with some of the largest users of tantalum in the world and has consequently withdrawn the 1.6 tonnes of assayed and quality approved tantalite concentrate that was produced in December 2016 from the bonded warehouse where it was delivered to Aftan's offtake partner but not paid for, without penalty and as permitted by the offtake contract, until improved terms are agreed or new potential offtake agreements are finalised. This will result in a delay in Aftan receiving revenues from the sale of the tantalum it has produced. In this respect, Aftan has scheduled an onsite visit for 15 and 16 February by one of the largest tantalum consumers in the world. The end result of this process, as well as the necessary plant improvements, is expected to be continuous operations at the higher rate, generating improved sales and cash generation.

[goldfinger_1964] 20/2/2017 16:03

News now overdue so anytime imo

[grsl] 20/2/2017 16:01

a/w news on several fronts.

new offtake agreements, recent site visit by Kemet

In mid-January, water retention through the new plant was highlighted as below the level needed to meet the upgraded specifications and Aftan identified the plant water management system as requiring additional controls to minimise water loss. As part of this improvement, upgrades to pumping systems and water storage facilities will be implemented during the month of February and Aftan has advised the Company that that the thickener which is an integral part of the water management system has arrived on site and will be installed over the next 10 days.

[goldfinger_1964] 20/2/2017 15:45

I am on the thoughts of news flow due very shortly, maybe tomorrow

[qs99] 20/2/2017 15:44

CS I reckon you could be right, price ticking up again already...

[cloud9surfer] 20/2/2017 15:40

Definitely something happening beyond the public eye? Thought 1 of the placee's had got impatient and taken their profit, but the fact a few people are reporting difficulty buying, especially with all the shares the MM's have picked up, would suggest there may be an order filling scenario in progress. Fundamentals are still very strong here with a wealth of news expected, positive hopefully, over the coming months!

[qs99] 20/2/2017 15:36

Odd I can sell a load at above the offer price but can't buy a penny at the moment at all? DYOR etc

[qs99] 20/2/2017 15:31

whole raft of small sales going through....any clues ?

[qs99] 20/2/2017 13:45

need to see some more news, positive news before I pile any more into the portfolio!

[wrtmf] 20/2/2017 13:16

looks all buys since 10.45, possibly from even earlier.
tracarta buying more?

[grsl] 20/2/2017 12:32

Well done GF, I'm sure the herd will arrive but now is the time to be buying before they do and of course before we hear of the new offtake agreements which could be any day now.

[goldfinger_1964] 20/2/2017 12:22

What a gift Just scooped up some more.Amazing how the short sighted cannot see what's brewing here lol

[grsl] 20/2/2017 12:04

Then of course you also have the conflict minerals problem in operating in Zimbabwe so who do they sell to?

[grsl] 20/2/2017 10:38

The problem with PREM is that their mine is in Zimbabwe.

Zimbabwe's president kicks out private diamond miners, nationalizes industry

[grsl] 20/2/2017 10:26

The other important factor to consider is the industry that the tantalum and Lithium are sold to are committed to 100% conflict free sourcing of their minerals.
Namibia – Politically stable and mining friendly
• Became independent in 1990 and is a multi-party, presidential democracy
• The country has enjoyed 26 years of political stability and peace
• Mining is the main industry and there is a large pool of skilled labour at all levels

[grsl] 20/2/2017 09:56

I think the appointment of Larry Johnson is the game changer here.

[cielos] 20/2/2017 09:51

I had a look at the Top management and from the past ventures, has put me off

Should I change my perception of those directors?

[grsl] 20/2/2017 09:47

There is a lot to look forward to here

Renegotiation of offtake terms underway with competitive tension amongst major players


Plant upgrade on completion will provide for improved utilisation rates,recoveries and consistently higher throughput levels ensuring Aftan can extract optimal value from TVM

30th Nov 2016 - The presentation states an estimated resource, which is not JORC compliant, of 140,000 tonnes of tantalum bearing rock, from an independent study commissioned by African Tantalum (Pty) Ltd ("Aftan"). The study focussed solely on the tantalum grade. Subsequent sampling by Aftan has returned initial grades of up to 3-3.5% Li2O. These lithium grades are not at this time part of the resource, but Aftan intends to update the resource estimate to include lithium in due course. The Company is working towards producing a JORC compliant resource report, expected in H1 2017.

[wrtmf] 19/2/2017 22:16

1363 - tantalite valley mine is about 15km north of the orange river

[wrtmf] 18/2/2017 08:55

really looking forward to the company acquiring drilling platforms. alongside the numerous discussions for offtakes, that statement in larry's presentation stoodout.
taking the operation to the next level...


[btw, more than halfway through feb and there should have been significant progress in the water management upgrade]

[qs99] 17/2/2017 13:00

Thanks for that interesting. Hope next week we get an update on this weeks meetings!

[wrtmf] 16/2/2017 23:49

very interesting....THANKS to ffsapa, lse:

'ASX listed AVL has just announced the discovery of high grade lithium samples at it's nearby Blesberg mine, just over the South African border from Tantalite Valley:

[...]

Significantly for KENV, Blesberg shares the same same Northern Cape Pegmatite Belt. I'll defer geological analysis to those more knowledgeable than myself, but it appears to be very encouraging...'

-----
link to 'pro active' removed by advfn.

the announcement from avl can be accessed from hotcopper,

'BLESBERG LITHIUM PROJECT
 Sampling of Blesberg Mine historical
stockpiles highlights Spodumene (Lithium)
and Feldspar exploration potential.
 +20kg Spodumene samples graded
between 2.86% and 4.76% Li2O
 Feldspar sample meets technical
specifications of local customers
 Experienced local drilling contractor awarded
tender for Q1 2017 drill programme.
 Numerous untested pegmatites identified
from satellite mapping and ground surveys.
 New prospective areas identified with
potential for additional pegmatites under
shallow sand cover.'

-this project is just south of the orange river in south africa.

[wrtmf] 16/2/2017 21:18

a pull back of sorts was due. folks would be crazy to try and trade in/out/in.... news could come anytime.....