Kennedy Venture Share Discussion Threads

[wrtmf] 26/4/2017 11:29

rns going back to aug 2015 make for quite sobering reading.


first mention lithium, 31mar2016
'In addition to tantalum, investigations into Tantalite Valley's lithium potential have generated very exciting results which we are evaluating and look forward to updating shareholders in the near term.'

'First shipment consignment of 285kgs of high grade Tantalite concentrate has left the TVM.'
--

'26 April 2016 the Board approved an interest-free and unsecured loan facility of up to GBP150,000 (the "Loan") from Westleigh Investments Holdings Limited ("WIHL"). The loan will provide working capital which, inter alia, the Company intends to make available to Aftan in order that it can undertake a preliminary evaluation of TVM's lithium potential,'

--
20jul2016
'Net proceeds of the Placing will be used by African Tantalum (Pty) Limited ("Aftan"), Kennedy Ventures' investee company, to upgrade and expand Aftan's current plant at Tantalite Valley Mine ("TVM") and open up the Lepidolite orebody where, due to the association of lepidolite (lithium-rich mica) with the tantalite, lithium potential exists'

--
16sep2016
'The milling circuit design is complete and the equipment for the pre-concentrate ore has been designed, manufactured and purchased. Installation is ongoing, with the plant upgrade completion expected in Q2 2017.'

'Aftan continues to assess the potential of the lepidolite lithium deposit as well as the occurrence of lithium in the other pegmatite bodies and both geological and metallurgical studies are in an advanced position.'

--
3oct2016
'The plant modules are performing as per design specifications and production is being ramped up as each section completes testing. 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.'

--
29nov2016
'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.'

--
19dec2016
'Final stage of Aftan's upgrade programme reached, with a milling circuit forecast to be installed in December 2016.'

'JORC compliant resource report for the lepidolite deposit is expected in the first half of next year.'

--

...then larry arrived [9jan] initiating a complete review. been quite a journey for the longer term holders [myself not included]. moving from 285kg to 1.6t to 6t Ta2O5 still represents a huge challenge given what's gone before.

[al101uk] 26/4/2017 10:56

GRSL,

Using your figures ($40 operating profit), with admin at around 10% and tax around 30%, you would do a simple NPV and come to a share price of approx 36p (based on current shares in issue).

At $30 gross you'd get 27p.

Your unappraised resource would have to be valued as an option as would the Lithium which is beyond my capabilities at the moment I'm afraid. You might also want to factor in some depreciation.

I'll caveat that by saying I'm not invested here and don't buy the numbers, just answering the question.

[tommygriff] 26/4/2017 08:50

Is 1pm when the American markets open? Kemet?

[grsl] 26/4/2017 08:36

Yesterday was quite strange in the way the buys started to come in just before 1pm and such a sudden flurry of buys I did wonder if some news was leaking. Anyone got any thoughts on yesterdays trading?

[grsl] 26/4/2017 08:08

How would you value a company that produces 33060 lbs (15MT) of tantalite ore per month with a generous margin of $30 to $40 per lb. One that has established that there is a massive quantity of tantalite on site, so large that no effort is planned at this stage to establish a proper resource measurement. What they know they have in just part of the site would last at least 20 years. Forgetting the Lithium prospect on just the above alone how would you value a company like this?

[pranchalee] 26/4/2017 07:20

someone picking up a bargain late trade

[wrtmf] 25/4/2017 21:27

over 3m volume out of the blue
very nice!

[a2584728] 25/4/2017 14:28

Yes there is stake building I think?

[qs99] 25/4/2017 14:18

looks like a good solid move IMO....hopefully news soon....an unusual bounce IMO so must herald somethings up IMO ...DYOR...

[cloud9surfer] 25/4/2017 13:58

Someone buying in the background I suppose!

[bookwormrobert] 25/4/2017 13:53

Any theories for why KENV has jumped 10% in a couple of hours? Delighted, of course, but also puzzled...

[cloud9surfer] 25/4/2017 13:22

Here we go! Blue day!

[113mike] 23/4/2017 12:44

Cool! Thanks for that.

[wrtmf] 23/4/2017 10:36

strictly speaking, it started as soon as we handed over the 1 tonne concentrate sample in march with another 6 to deliver by end of june [see rns 27march]

...as for profit, maybe end of the year...

[113mike] 23/4/2017 09:54

When is income due to come on stream?

[wrtmf] 23/4/2017 08:38

different number of shares, but kenv closer to income...its worth noting in its run from 5p to 82p, emh hit about 11p into late may 2016. hence, 8-10p mid-may here is not a disaster!!

holding here for a similar if not better run on the sp, maybe a bit traded along the way, but not so far.

[wrtmf] 21/4/2017 21:18

slightly longer version of the interview in the link above,

[bookwormrobert] 21/4/2017 16:29

Oh, the fine art of trying to guess the bottom. I hope I haven't left it too late...

[a2584728] 21/4/2017 16:19

Added again

[sabre6] 21/4/2017 15:04

Looks to me that we are now bouncing off the bottom, if so should not be long before we are back to 15p and then upwards for the rest of the year.
This has huge potential.

[a2584728] 21/4/2017 10:24

I think we may see something positive on Tantellite pretty soon, hence I have added more

[a2584728] 21/4/2017 10:17

Jus adding more now

[wrtmf] 20/4/2017 18:13

interesting article in january,