Mr Lougher & Kidman Resources v. Ors, page-69

KIDMAN RESOURCES STANDS OUT AMONGST LITHIUM PLAYS

Lithium demand, and the forecast increase coming our way, has us looking for value across battery related companies. Generally it is hard to find. The boom in demand has been matched by a boom in exploration names listing on the ASX. A lot will fizz out, and there will only be a limited number of long term winners.

Relative value, and value compared to peers, has compelled us to look closer at Kidman Resources (KDR.ASX). It is standing out, trading at a significant discount to peers, in part because a neighboring listed explorer (Marindi Metals MZN.ASX) has claimed that KDR agreed to sell its lithium assets in early 2016 for A$275,000 in cash and shares. The resulting court case has contributed to the uncertainty being priced in presently.

If the court case proves fruitless, than KDR may resume trading where it left off, when the dispute was announced.

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