JSB Posted February 7, 2018 Share Posted February 7, 2018 Big increase in fund managers at Indaba this year. With equity portion of funding drawing closer, makes sense for AS to attend. Must have given a cracker of a presentation: Link to comment Share on other sites More sharing options...
blacksheep Posted February 7, 2018 Share Posted February 7, 2018 Still going to conference that are probably not going to add any value for shareholders. I thought this lot said they were cost cutting ? I only got to the first page of the preso, then closed. I hate gimmickry. What's with all the "cats" and spots - thought they were a graphite company That car on the front page did it for me - yawn Link to comment Share on other sites More sharing options...
JSB Posted February 7, 2018 Share Posted February 7, 2018 Lol, I've been told it's not so much the conference you go for but the week of partying it falls in no doubt classified as a necessary Marketing expense! Fully charged?! That's fully sick! Link to comment Share on other sites More sharing options...
blacksheep Posted February 7, 2018 Share Posted February 7, 2018 Hope they didn't avail themselves to this generous offer A$275 per hour - that's lawyers rates Mining Indaba 2018 - Australia Lounge Access important networking events including: Meet Australian Government representatives and fellow participants at the Australia Lounge ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¹Ãƒƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“Networking @ 4ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ invite your contacts for informal meetings and enjoy premium Australian hospitality on Monday 5, Tuesday 6 and Wednesday 7 February Invitation to the Mining Indaba Gala Dinner at Vergelegen Estate Private boardroom briefings with mining companies active in Africa. Leverage branding opportunities - your company logo will be displayed prominently in the Australia Lounge. AUSTRALIA LOUNGE PACKAGE - Total Cost Direct Costs ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Australia LoungeA$6,500 A$5,125 includes: ï‚· Exclusive access to flexible meeting space ï‚· One registration pass which includes full access to all Mining Indaba events and Gala Dinner ï‚· Professional high-quality branding includes company logo displayed within the Australia Lounge ï‚· Invitation to the Australia Lounge events ï‚· Access to the business networking event ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¹Ãƒƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“Networking @ 4ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ on Monday 5, Tuesday 6 and Wednesday 7 February ï‚· Design of Australia Lounge exclusive App Austrade service fee A$1,375 (5 hours @ A$275 per hour) includes: ï‚· Coordination and logistics of Australia Lounge, including management of networking events ï‚· Austrade staff member to assist with onsite business matching in the Australia Lounge and business linkages ï‚· Project management of the Australia Lounge ï‚· Coordination of Australia Lounge Exhibitor Guide to promote participantsÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ capability ï‚· Organisation of networking functions ï‚· Access to Australian Heads of Mission in sub-Saharan Africahttps://api.austrade.gov.au/api/event/broch...MP-13392-W6M1Q6 Link to comment Share on other sites More sharing options...
blacksheep Posted February 12, 2018 Share Posted February 12, 2018 Kibaran Resources Limited (Kibaran or the Company) (ASX: KNL), wishes to advise that Mr Nicholas Katris has resigned as Joint Company Secretary on 8 February 2018. A bit slack in reporting this resignation that occurred on the 8 February? Or maybe Andrew Spinks was at the Conference in South Africa and didn't know until this afternoon? Katris was only appointed last year - 22 June 2017 Link to comment Share on other sites More sharing options...
blacksheep Posted February 23, 2018 Share Posted February 23, 2018 Glowing announcement today from the company - everything is "shovel ready" at Epanko - just waiting on the Tanz Govt All approvals are in place and the project ready for immediate development, with the development team and engineers on standby. But just in case are they suggesting sourcing from elsewhere? Evaluation of graphite sources other than Epanko supports early production and expansion plans Meanwhile funds in kitty would be getting low - at the end of last quarter $2,2 mil with estimated outflows this quarter $1 mil. SP up currently 10% on the ann - probably a good time for a CR, IMHO Link to comment Share on other sites More sharing options...
JSB Posted February 23, 2018 Share Posted February 23, 2018 Bizarrely, no comments about the Epanko FreeÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’‚¾ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ graphite . Six months to pay out compensation for relocation of residents after approval is received from the Chief Government Valuer. The RAP was submitted for approval on or before September 6, 2017. I wonder if Colonial will chip in for the next raise: http://www.afr.com/street-talk/colonial-fi...20180221-h0wep0 Link to comment Share on other sites More sharing options...
blacksheep Posted February 23, 2018 Share Posted February 23, 2018 Bizarrely, no comments from the faithfuls about the "unique" graphite that requires "no additional milling or cleaning stages", or the" ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¹Ãƒƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“greenÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ purification method that replaces dangerous and toxic hydrofluoric acid" - these issues were of deep concern for KNL holders in relation to another graphite company. Seems to have gone completely over the heads of the village square (with pitchforks) committee. One has to smile I think. Link to comment Share on other sites More sharing options...
JSB Posted March 19, 2018 Share Posted March 19, 2018 Long winded way of saying they have failed to pay the resettlement compensation within the six month window. Understandable given the circumstances, but highlights the difference in willingness to ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“comply withÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ rather than ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“supportÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ the governmentÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s changes. Link to comment Share on other sites More sharing options...
blacksheep Posted March 19, 2018 Share Posted March 19, 2018 Was just reading their Half Yearly as well. Did you notice the stronger (than previously) worded "Going concern" clause by the auditors - there is material uncertainty Going concern For the half year ended 31 December 2017 the consolidated entity reported a loss after income tax of $1,539,000 (2016: loss $2,152,000). As at 31 December 2017 the consolidated entity held cash and cash equivalents of $2,148,000 (30 June 2017: $1,950,000). The balance of cash and cash equivalents as at 31 December 2017 is not sufficient to meet the consolidated entityÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s planned expenditures over the next 12 months for the development of the Epanko Graphite Project, commercialisation of spherical graphite purification technology and general corporate activities. It is planned that these initiatives will be funded via a combination of limited recourse debt finance and equity, through the participation of banks, strategic industry investors and the consolidated entityÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s shareholders. In the event that the consolidated entity is unable to obtain sufficient funding as required, there is material uncertainty whether it will continue as a going concern and therefore whether it will realise its assets and discharge its liabilities in the normal course of business and at the amounts stated in the financial report. The financial statements do not include any adjustment relating to the recoverability or classification of recorded asset amounts or to the amounts or classification of liabilities that may be necessary should the consolidated entity not be able to continue as a going concern. and on P18 Emphasis of matter ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ material uncertainty related to going concern We draw attention to Note 2ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚© Going concern basis in the financial report. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the GroupÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s ability to continue as a going concern. Our conclusion is not modified in respect of this matter. previous HY Report stated Going Concern Basis The Group recorded a loss of $1,368,606 (2014: loss $2,338,317) for the half year ended 31 December 2015 and had cash outflows from operating and investing activities of $3,255,228 (2014: $2,662,469 outflow) during the six month period. The Group had cash and cash equivalents at 31 December 2015 and 8 March 2016 of $ 1,411,786 and $2,451,385 respectively. The increase in cash and cash equivalents balance subsequent to period end is attributable to a successful share placement of $2,000,000 before costs in February 2016. In the event that the Group commences development and is unable to raise additional funds to meet the GroupÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s planned development expenditure in relation to the Epanko Graphite Project and ongoing working capital requirements when required, there is uncertainty as to whether the Group will be able to meet its debts as and when they fall due and thus continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, nor to the amounts or classification of liabilities that might be necessary should the Group not be able to continue as a going concern. Link to comment Share on other sites More sharing options...
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