Australia's largest stock trading and investment forum Australia's #1 stock forum

KDR

Click for more information

0.00%

$1.90 kidman resources limited

Ann: June 2017 Quarterly Activities Report, page-3

First 3 Last

Share
Profile

Follow
Procdog

327 Posts.

64

31/07/17

15:57

Post #: 26189658
Share

Originally posted by Freehold ↑

Looks like holders will have some news flow towards the end of Sept with Feasibility and completion of SQM Due Dill by then also... Also expect a formal ann on the Go /no go of Poseidon processing deal ... end of Aug?

Good news on the lesser lithium Petalite mineral being restricted to the Western margin only ... this could have complicated the processing but now a minimal issue IMO

No mention of POS processing deal though ? Option was until Aug from memory ... Assumption then is that they are not going to pursue it instead build their own plant onsite at Mt Holland.... which would make sense in the mid to long term no not good for short term and taking advantages of high Lithium prices, but I think the bigger picture of the Tie up with SQM is more important.

Also deal with SQM still not finalised till 30 Sept ?... If this falls through Kidman will have to raise cash pretty soon (Cash bal $2.55m) unless they can get damages from MZN soon (and if MZN have enough $$ to pay it.). Not expecting the SQM deal to fall though I might add...

Expand

Welcome back Freehold - missed you!

KDR Price at posting: 57.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

GRX

GreenX picks up prospective copper project in Germany

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

There are more pages in this discussion • 41 more messages in this thread...

First 3 Last

Add KDR (ASX) to my watchlist