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KNL, KIBARAN RESOURCES LIMITED
blacksheep
post Posted: Feb 8 2019, 02:20 PM
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In Reply To: blacksheep's post @ Feb 1 2019, 07:17 PM

KNL is another company getting a please explain on negative operating cash flows

QUOTE
KIBARAN RESOURCES LIMITED (‘KNL’): APPENDIX 5B QUERY
We refer to your letter dated 5 February 2019 and respond as follows:
1. Does KNL expect that it will continue to have negative operating cash flows for the time being and, if not, why not?
KNL is in the process of establishing, funding and developing both upstream and
downstream graphite businesses and as a result, expects to have negative operating
cash flows for the time being.

2. Has KNL taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
KNL manages its cash flow through on-going budgeting, forecasting and financial
reporting processes, using that information to make decisions about the form and timing
of activities to raise cash to fund operations. It plans to raise additional funds this quarter
through the issue of ordinary shares, utilising its existing capacity available under Listing
Rules 7.1 and & 7.1A but is yet to make a final decision on the funding amount, number
of shares and pricing.
Funds raised will be used to advance KNL’s key objectives for 2019:
• securing debt finance to enable construction to proceed at the Epanko Graphite
Project in Tanzania; and
• finalising developments to enable construction of the first EcoGraf production
facility in Asia.
KNL has a demonstrated record of raising funds in this manner when required (refer ASX
announcements Successful Capital Raising on 25 June 2018, Institutional Placement
Raises $10.9m on 17 August 2016 and Kibaran Raises $2.0m in Share Placement on
22 February 2016) and is confident that it will be able to continue to do so.

Does KNL expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
KNL expects to be able to continue its operations and to meet its business objectives as it is
confident that it can continue to raise the funds as and when required. This expectation is based
on past experience (as noted above) and discussions with current and prospective shareholders.

4. Please confirm that KNL is complying with Listing Rule 3.1 and that there is no information about its financial condition that should be given to ASX in accordance with that rule that has not already been released to the market.
KNL confirms that it is complying with Listing Rule 3.1 and there is no information about its financial
condition that should be given to ASX in accordance with that rule that has not already been
released to the market.

5. Please confirm that KNL’s responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of KNL with delegated authority from the board to respond to ASX on disclosure matters.
KNL confirms that its responses to the questions above have been authorised and approved by its
directors under its published continuous disclosure policy




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 1 2019, 07:17 PM
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In Reply To: blacksheep's post @ Oct 7 2018, 08:00 PM

Attending another 121 Mining Investment Conference 4-5 February 2019 Cape Town - https://www.weare121.com/121mininginvestmen...orporates-2019/

Question is - how are they paying for it? Cash Flow report shows KNL has $759k left in kitty, with outflows estimated this quarter $720 k.

In a separate announcement KNL reported the ATO intends to seek repayment of R&D refunds received by the company in respect of the year ended 30/6/2017 - i.e. $1.86m. The company is "defending its position and has commenced action to challenge the ATO determination, details of which are expected to be confirmed by the ATO in writing to the Company’s advisors in due course."

Last CR was done in June last year raising $2.8 million at 14 cents per share. SP currently 12c

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 7 2018, 08:00 PM
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Posts: 5,411
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In Reply To: g man's post @ Oct 6 2018, 09:31 PM

New York this time - https://www.weare121.com/121mininginvestmen...k/agenda-day-1/

Hoping to drum up some interest, or maybe look for some funding? I see someone "heard on the grapevine" KNL walked away from "Nedbank due to the rates". As if. rolleyes.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
g man
post Posted: Oct 6 2018, 09:31 PM
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In Reply To: blacksheep's post @ Oct 2 2018, 04:22 PM

Looks like Spinks is off on another junket.

 
blacksheep
post Posted: Oct 2 2018, 04:22 PM
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In Reply To: blacksheep's post @ Sep 24 2018, 07:17 PM

Research and Development
QUOTE
Kibaran Resources Limited (Kibaran or the Company) (ASX: KNL) advises that it has been informed the
Australian Taxation Office (“ATO”) queries certain claims made in respect of research and development
programs during the period 1 July 2015 to 30 June 2017.

The Company conducts research and development programs in connection with the evaluation of the Epanko
Graphite Project and associated downstream processing activities, for which it has previously received
Australian and Overseas Advance Findings confirming the eligibility of its planned programs.
Kibaran is advised by external experts on these matters who are currently engaging with the ATO to clarify the
nature and amount of its queries.

The Company remains confident of its research and development claims.


A quick tally up on - Research and development refunds - taken from Qtrly's
30 June 2018 - 2,819
30 June 2017 - 654
30 June 2016 - 901
30 June 2015 - nil
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: gumboots  g man  
 
blacksheep
post Posted: Sep 24 2018, 07:17 PM
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Rising on no news? Leaky ship or speculation? Chart seems to suggest a bit of accumulation has been taking place for a wee while

Currently up 15.38% @ 22.5c/share on good volume - ~1 mil shares.

Noticed KNL mentioned by Gavin Wendt as a HOLD in The Bull, I doubt whether this has had any impact.

KNL currently have $2.9mil in kitty - expected outflow this Qtr $850k - but that may have been based on not much work being done due to the Tanzania Govt Mining Agreement issue which may be sorted in coming weeks/months and could therefore warrant extra project expenditure.

18 Share Tips - 24 September 2018
QUOTE
KNL has received assurances from Tanzanian authorities regarding renewal of its mining licence for the Epanko graphite project. This is a significant project development, as it provides greater certainty to the investment market and potential funding partners. KNL has maintained a measured and strategic approach to achieving production status at Epanko, which has demonstrated robust project commerciality.


Annual report out haven't had time to read yet - Top 20 Shareholders shows 13 LAX Consulting Pte Ltd 3,039,318 1.10 seems to be a new entrant. LAX seems to be connected to Ng Geok Lan. Mr Lan is the sole shareholder and controller of Essein Holdings Ltd, which is the sole shareholder of King Spades Limited, which is the sole shareholder of LAX Consulting Pte Ltd and Talisman Capital Pte Ltd. Talisman Capital Pte Ltd previously held 3 mil odd shares so may just have been a transfer from one of his companies to another This info is taken from Oz Brewing Ltd prospectus, which became ASX:T3D) 333D Limited T3D secured a $1 million debt facility from LAX back in March 2017. John Conidi Non-Executive Director of KNL is Chairman of T3D - not sure if KNL still has an interest in 3D Graphtech Industries Pty Ltd

QUOTE
He also serves as an Executive Chairman of 333D Pty Ltd (formerly, 3D Group), which together with Kibaran jointly owns 3D Graphtech Industries Pty Ltd. He has been an Independent Non-Executive Director of Kibaran Resources Limited since May 4, 2015. He serves as a Director of 333D Limited. He served as a Director of Oz Brewing Limited since March 25, 2015.

https://www.bloomberg.com/research/stocks/p...capId=282643516

http://333d.com.au/wp-content/uploads/2016...1xfgnrp38xz.pdf

1 Citicorp Nominees Pty Limited 31,098,699 11.28
2 J P Morgan Nominees Australia Limited 25,468,933 9.23
3 Value-On-Growth Investment Pty Ltd 11,611,507 4.21
4 Dr Peter Dennett Meier & Mrs Lynette Suzanne Meier 8,032,496 2.91
5 HSBC Custody Nominees (Australia) Limited 6,071,451 2.20
6 GR Engineering Services Limited 5,737,807 2.08
7 Pershing Australia Nominees Pty Ltd 5,440,536 1.97
8 Mr Andrew Peter Spinks 4,926,846 1.79
9 Grant Pierce 4,250,000 1.54
9 Andrew Spinks 4,250,000 1.54
10 Andrew Spinks 3,304,434 1.20
11 Cornwall Holdings Pty Ltd 3,250,000 1.18
12 RWH Nominees Pty Ltd 3,125,000 1.13
13 LAX Consulting Pte Ltd 3,039,318 1.10
14 BCV Nominees Pty Ltd 3,000,000 1.09
15 RWH Nominees Pty Ltd 2,810,386 1.03
16 Reindeer Investments Pty Limited 2,800,000 1.03
17 RWH Nominees Pty Ltd 2,686,434 0.97
18 Mr Nicola Conidi & Mrs Giannina Conidi 2,401,417 0.87
19 Idinoc Pty Ltd 2,250,000 0.82
20 Christoph Frey 2,075,000 0.75
Total 137,630,264 49.92

Previous Top 20
Top 20 ordinary shareholders (as at 25 September 2017)
Rank Name Number of % of issued
Ordinary Shares held capital
1 J P Morgan Nominees Australia Limited 24,053,009 9.85
2 Citicorp Nominees Pty Limited 19,792,981 8.11
3 Value-On-Growth Investment Pty Ltd 10,335,352 4.23
4 Dr Peter Dennett Meier & Mrs Lynette Suzanne Meier 7,332,496 3.00
5 HSBC Custody Nominees (Australia) Limited 6,255,688 2.56
6 Pershing Australia Nominees Pty Ltd 5,440,536 2.23
7 Mr Andrew Peter Spinks <A S Gold Sf> 4,926,846 2.02
8 GR Engineering Services Limited 3,952,093 1.62
9 Andrew Spinks <The Spinks Family Trust> 3,304,434 1.35
10 Talisman Capital Pte Ltd 3,139,318 1.29
11 RWH Nominees Pty Ltd <RWH Nominees A/C> 3,125,000 1.28
12 RWH Nominees Pty Ltd <KAR Superfund A/C> 2,810,386 1.15
13 RWH Nominees Pty Ltd <RWH Nominees A/C> 2,686,434 1.10
14 Idinoc Pty Ltd 2,250,000 0.92
14 Reindeer Investments Pty Ltd 2,250,000 0.92
14 Grant Pierce 2,250,000 0.92
14 Andrew Spinks 2,250,000 0.92
15 Mr William Kevin Renshaw 1,822,351 0.75
16 Mr Kosta Trajkovski & Mrs Susanne Trajkovski 1,798,888 0.74
17 Mr Andrew Peter Spinks <A S Gold SF A/C> 1,769,550 0.72
18 Mr Vincent Teubler & Mrs Rosanna Gabrielle Teubler 1,746,108 0.72
19 Gold Elegant (HK) Investment Limited 1,600,000 0.66
20 Mr Nicola Conidi & Mrs Giannina Conidi <Nick & Jan Conidi S/F A/C> 1,593,000 0.65

Total 116,484,470 47.70



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: gumboots  
 


blacksheep
post Posted: Sep 21 2018, 02:17 PM
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QUOTE
The German Government has announced on 18 September that it will develop lithium-ion battery
manufacturing (Gigafactory) capability in Germany, providing a critical source of additional battery supply to
complement existing Asian battery production. German Chancellor Angela Merkel stated that “As part of our
strategic capabilities, we should also work together with other European countries on our own battery cell
production.” This positive development is consistent with Kibaran’s strategy to become a long-term supplier
of graphite products outside of China, with a special focus on German industry.


QUOTE
An agreement is also being finalised to secure the feedstock for the downstream processing business, typically minus 100 mesh
sizing, with 94% carbon content, which is readily available from a range of existing graphite producers. Kibaran
has successfully applied its new eco-friendly purification process to these potential feedstocks, enabling it to
move forward with plans to establish a stand-alone battery (spherical) graphite business for the lithium-ion
battery market.


Hasn't MNS already got MOU's in place with a couple of German consortia planning Gigafactories in Germany - and hoping to get German Govt financial backing - to supply raw materials, including graphite? Maybe KNL is sourcing graphite from MNS who is sourcing from third parties. biggrin.gif

Good for shareholders to see the SP in the high teens again though - currently 19c - hopefully it'll stay there
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: g man  
 
blacksheep
post Posted: Aug 3 2018, 04:33 PM
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In Reply To: blacksheep's post @ Jun 29 2018, 02:55 PM

QUOTE
Major breakthrough to process third-party graphite using Kibaran’s proprietary technology
Strong results pave way to develop a diversified supply to the lithium-ion battery market


Headline of today's ann, and

QUOTE
All the samples evaluated during this test work program responded positively to the process, consistently delivering a graphite carbon content of at least 99.95% and demonstrating the effectiveness of the eco-friendly purification process across a range of feedstock sources.


I can name a number of companies that lay claim to that - 99.95% - and higher - so not really that huge to get that excited about, IMHO. Everyone is laying claim to having the latest eco friendly process - except SYR, who have chosen to go down the acid path.

TSX listed Novocarbon - formerly Great Lakes Graphite who had their own graphite project but hadn't found the money (a bit like KNL - although KNL suggests they have German Bank support subject to outcome of Tanz Mining Commission issues) to develop. so sold it and shifted their focus towards "high purity processing, marketing & sales of clean technology minerals to the emerging battery market" . Novo are processing graphite sourced from other mines and are achieving - 99.99% plus - vs KNL's 99.95%, and they are much more advanced than KNL.

Alabama Graphite is another one -
QUOTE
Alabama Graphite Corp. Achieves 99.99997% Graphite Purity via Proprietary, Environmentally Responsible and Sustainable Purification Process; Exceeds Nuclear Graphite Purity Requirements.
Alabama was recently acquired by Westwater Resources.



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: g man  
 
blacksheep
post Posted: Jun 29 2018, 02:55 PM
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Posts: 5,411
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In Reply To: blacksheep's post @ Jun 21 2018, 02:47 PM

Looks like they've managed to raise $2.8m @ 14c - settlement, and trading, of approx 19.8 m shares expected today

Will be interesting to see if that 1m sell order @ 15.5c gets moved, or taken out. GLTAH

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  gumboots  g man  
 
blacksheep
post Posted: Jun 21 2018, 02:47 PM
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In Reply To: JSB's post @ Jun 21 2018, 01:47 PM

One thing is for certain, the CR won't be at 23c



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  gumboots  g man  
 
 


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