Boom !, page-19

Don’t forget the resource upgrade reportedly in late Q1 early Q2?

MD may appear to be stalling on off-take (according to some HC reports from AGM) but MOUs and off-take agreements can and IMO probably will be formed prior to any resource upgrade, as our resource is massive to begin with and critically we are partnered with SQM whose IP new entrants are desperate for.

Then we have our Chairman’s departure..

Who will replace him?

There’s some re-shuffling going on amongst mining executives lately.

I wonder and purely speculate whether FMG’s departing CEO Nev Power might have a future at KDR as chairman?

Remember this article:

http://www.smh.com.au/business/mini...ium-in-western-australia-20171031-gzbxvb.html

Article on Nev’s departure:

http://www.copyright link/business/...ower-to-step-down-in-february-20170915-gyi3gw

Nev “oversaw a massive operational expansion which cemented its place as the world's fourth-largest iron ore producer.”

“Mr Power said he planned to "give a kick along" to a few private business interests, including his Queensland cattle station, while he contemplated his next steps.”

“the timing had been determined by Mr Power”

“Mr Power said he would remain "very closely associated" with Fortescue and was open to other roles with the company in the future.”

... Does FMG even have a defined lithium resource?

... How could FMG possibly get up to speed (production-wise) in the lithium sector other than via M&A?

Merger, acquisition boom ahead

“Henslow corporate director Andrew Woodmore told this week's IMARC conference in Melbourne that the current lithium market was like iron ore a decade ago where Chinese steel mills took stakes in Australian players to secure supply.

"Lithium and other battery metals are seemingly scarce. The Chinese are hungry to secure supply," he said.

Kidman Resources managing director Martin Donohue told the conference that securing supply was like an "arms race".”

http://www.pngindustrynews.net/pngindustrynews/news/1264907/merger-acquisition-boom-ahead

Hence:

Why now might be a good time to buy ASX lithium producers

http://www.copyright link/business/...-to-buy-asx-lithium-producers-20170914-gyhysv

A big thank you to the bots / others who made it possible for me to reduce my average on KDR by 11.2c this week.

All of the above is just my opinion and speculation, please do no rely on it and importantly DYOR