Kennedy Venture Share Discussion Threads

[qs99] 02/12/2016 08:08

well IMO with that open, they said lots of good things?! DYOR

anyone there care to report back@?

[qs99] 01/12/2016 19:05

be good to get some feedback if anyone is going please>?

[ridicule] 01/12/2016 18:29

Is anyone on here attending tonight?

[qs99] 01/12/2016 15:46

be interesting to see whether tonight generates any buying (or selling!) interest tomorrow....

[qs99] 01/12/2016 14:50

Cash flow positive in very near term, using cash to fund Lithium production, so I agree, why not do both.

the piece missing is where is a broker forecast? What numbers are the board to be held accountable for? Any clues anyone?

Happy to continue to hold as delivering to plan...IMO

cheers

[sja123] 01/12/2016 11:15

The lithium is piling up as a result of the tantalite mining, seems sensible to do both to me...It's literally lying around, once equipment is installed, they may as well process and sell...obvious

[citywired] 01/12/2016 10:45

Hi rid

He's jumping too quick to justify "value" in "lithium assets" whilst leaving potentially a good chunk of the unproven tantalum as a "stranded asset". Why not grow that cashflow first? Doesn't make sense. How much growth and how long does that stretch. He said 200 years' production, at 8.8mil/pa? His license is 25 years. So why not ramp up production?

I would rather realize first how much the tantalum is worth. You are paying for a non-free cash flow business given it all gets ploughed into lithium exploration. It sounds promising but:
A) I don't know still what the tantalum asset is worth, neither does he seem keen to prove it up. What are you paying for?
B) I like a good capital allocator besides a prospective asset, basics of commercial success.

He is growing the company's "accretive" value in the wrong way. And finally, I am not a fan of his cross holdings and other continual ventures, gold here, precious stones there, tantalum one moment, lithium seeker the next.

Just my opinion.

[qs99] 01/12/2016 09:44

Looking good thanks for updates

[ridicule] 01/12/2016 08:33

citywired Why would they not use cash to exploit the Lithium opportunity?

Hard numbers are difficult to come by, but recent estimates are as follows:

On reaching full production

Monthly output 9200lb of tantalum concentrate
Price per lb $80 =$736k monthly $8.8 million per annum
This is a lot of cash and there are no plans to pay dividends.

They also have 5 further tantalum mining sites in their sights, as well as some tantalum blending arrangements where radioactive tantalum mined elsewhere is blended with Kenv tantalum so that it meets the international radio active levels that are cleared for transportation.

This is rare miner that exceeds expectations and I cannot understand where you are coming from.

[citywired] 30/11/2016 16:21

Said all the right things, but didn't really give enough flesh. I am concerned about the strategy..

Why use cashflow to fund the Lithium project when I would prefer a full appraisal and valuation attached to the tantalum. Allocating capital away from the known asset is illogical given that's the current cash cow.

Also didn't know enough about the exiting business but to do so at the valuation KENV got in at, I am suspicious. Maybe this is just a corporate career for the company to take all cashflows and gradually burn/pay out in director fees.

Might think about it, but for the price to have moved +154% in 3 months is too rich a price move. I won't chase it with lingering doubts about management.

Especially after last night's presentation, today was an immediate +17% share price move, not entering as liquidity is squeezed.

[paleje] 30/11/2016 13:47

Presentation from last night now on website, it's good, Li JORC resource intended H1, cashflow positive by Q2 as already intimated, no significant funding req'd (doesn't actually say none), lithium development to be funded from cash flow, Re-rate expected upon positive cash flow. Allays my fears of another lowball raise, happy with that.

[qs99] 30/11/2016 11:46

Indeed. No doubt tw will plug if thinks a winner IMO...

Looking very strong IMO this morning so far.

[daybreakers] 30/11/2016 10:07

It's changed its name 3 times since listing in 2006. Bad history back in the day. Cash cow for the ceos.

[sian] 29/11/2016 20:49

Should get an update in Shares Mag this Thursday regards tonight's company presentation....Kennedy was flagged in the mag sometime ago as meriting a massive re-rate upon commencing production.....well, not only are they in production but they shall also be capitalising on the Lithium resource from Q1 2017.....Very pleased with the progress here....

[potential] 29/11/2016 10:28

4m traded!!

[andrbea] 29/11/2016 10:23

maybe the next lithium play is kod

[potential] 29/11/2016 10:01

10p is where it should be right now expect a rise towards there folks!!!

[andrbea] 29/11/2016 09:57

Time from company formation to the prospect of full production is very short in mining terms, so hats off to the directors!
Compare it to another lithium play, bcn, which has been on its Mexican site for ages (since 2010) and is still talking feasibility studies.

[potential] 29/11/2016 08:43

Just topped up a further 100k :)

[potential] 29/11/2016 08:41

Brilliant update !! On track!!

[go fourth and multiply] 29/11/2016 08:07

So there is justification for a lithium plant reading the RNS as equipment is being put in place for Q1 next year! GLA

[sian] 29/11/2016 07:08

RNS

9 November 2016
Kennedy Ventures plc
Investee Company Operational Update

Kennedy Ventures plc ("Kennedy Ventures" or "the Company"), the AIM quoted investment company, who through its stake in African Tantalum (Pty) Limited ("Aftan") has an interest in the Tantalite Valley Mine ("TVM") in Namibia, is pleased to announce that it has been informed by Aftan that the TVM is now at a commercial production level, and remains on course to hit the targeted throughput rate of 15,000 tonnes per month. This is a result of the upgrade of plant equipment and reorganisation of modules at the Homestead Project ("Homestead").

In addition, Aftan has informed the Company that its first shipment, containing 1.6 tons of tantalite concentrate, has been delivered to its offtake partner on schedule. Shipments are expected to take place twice per month going forward.

Aftan has also confirmed that the plant upgrade programme is now in its final stages, with the installation of a milling circuit underway, which is forecast to complete in December 2016. This is predicted to increase the recovery of fine tantalite. Upon completion of this phase, the TVM is expected to be cash flow positive. Full production at an increased mining rate of 15,000 tonnes per month has been targeted for Q2 2017.

Furthermore, Aftan has progressed with its assessment of the potential value of the lepidolite lithium deposit, with both the geological and metallurgical test studies advancing as expected. The completion of an upgrade to the processing plant in the form of an additional floatation circuit, enabling the processing of the lithium bearing ores, is scheduled for Q1 2017. This feature will enable the removal of mica to create a lithium-rich concentrate, which would provide a potential entrance into the lithium market for Aftan.

Renier Swiegers, General Manager of TVM, said:
"The plant upgrade programme continues to progress on schedule and I am delighted that the tantalite shipments have now recommenced. Full commercial production at the increased rate of 15,000 tonnes per month is on course to begin in Q2 2017, and all those involved are working relentlessly to achieve this target."

Giles Clarke, Chairman of Kennedy Ventures, said:
"The upgrade was an important and essential part of Aftan's strategy to deliver real returns from the TVM and it is quickly approaching a cash flow positive position through the sale of high grade tantalite. We also remain very excited about the lithium potential from TVM and look forward to Aftan advancing its knowledge of the deposit, from which it intends to produce lithium concentrate next year."

For further information on the Company, visit: www.kvplc.com:

[ieh fan] 25/11/2016 19:18

Bullish pattern today
Two investor presentations next week
Likely news on Tant/Lith

[113mike] 25/11/2016 18:09

Why next week?