Ann: Trading Halt, page-300

11th July

'Today Kidman has accepted...'

Keyword there is 'Today'

This was not accepted months ago. (And due diligence has been going on for months too, remember)

That means the deal must be very good and Kidman has plans to use the cash for something worthwhile.

Are there off-take agreements already in place ??

There is more to this than we think IMO.

Due to the MZN claim, I don't think KDR has been able to announce or talk about Mt Holland tenement developments (eg. have more been acquired or are more to be acquired?), I suspect there's news coming on this front.

Finally we don't know whether this deal is subject to SH approval or not. This could still be a condition precedent even though no equity is involved.

Speaking of which:

Let's not forget that there will be no equity dilution !

Someone please answer me:

What is a lithium producer with no debt, cash in the bank and a JV mine earning $30m+ pa profit (our share) worth ?

$30m x 12 (multiple) = $360m mininum just for lithium assets

I don't know much about mining so welcome criticisms of anything above.

Personal opinion, pure speculation, DYOR, seek professional advice, I'm no expert etc