" In other words, KDR only get $40mil out of that $80mil. " I...

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Bikida

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14/07/17

18:13

Post #: 25876284
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Originally posted by Tran ↑

3 possible news that will propel KDR sp higher next week:

- New deal offer from a new investor (some overseas fund like GSR which wants to buy 20% of SQM, or one of THE BIG FOUR,....)
- Capri + WSA + some other major shareholders declare that they want to rip off this most stupid deal of the year. Therefore no deal with SQM.
- MD resigns (or voted off by BOD or at the next AGM). With this man in managing director position, you never know how many more shocking decisions he is going to make to bring this company down.

This man almost sold the world's biggest hardrock lithium deposit for $275000 to MZN if not for the smart Simon Tritton. Now, he is selling 1/2 of the entire Mt Holland lithium project (which could potentially contains 3 times more lithium than Earl Grey deposit = in other words, he potentially could be selling 3 lithium deposits the size of Earl Grey or PLS resource) for US $30mil + plus US $80mil funding for development towards the JV with SQM. Remember, only that US $30mil goes to KDR. The $80mil goes to the development of the project which is owned by the JV. In other words, KDR only get $40mil out of that $80mil.

I call this deal with SQM the most shocking and stupid deal of the year. This deal must be the laughing stock of the mining town. I guess management teams from PLS, GXY, AJX, and even BGS must have been saying amongst themselves over the last 2 days "WHAT THE F... IDIOT".

I pray next week Capri, WSA and some other major shareholders will block this shocking deal next week and sp rises back up so that I can get out of this sheet hole before MD screws up this company with another MZN mark#3 blunder.

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" In other words, KDR only get $40mil out of that $80mil. "

I have seen a few people make this point.

It doesn't make any sense to me. Can you please explain what you mean?

KDR Price at posting: 56.0¢ Sentiment: None Disclosure: Not Held
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" In other words, KDR only get $40mil out of that $80mil. " I...

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