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KNL, KIBARAN RESOURCES LIMITED
blacksheep
post Posted: Mar 26 2019, 09:45 PM
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In Reply To: blacksheep's post @ Feb 27 2019, 10:22 AM

Odd announcement today from KNL - Tanzania and Germany to Forge Closer Economic Relationship - This - forging closer economic relationships - has been the subject of many PR in the past, including this one back in 2015 - Gauck visit highlights closer German-Tanzanian ties.https://www.dw.com/en/gauck-visit-highlights-closer-german-tanzanian-ties/a-18231719

QUOTE
Kibaran Resources Limited (“Kibaran” or “the Company”) (ASX:KNL) reports that the
Directorate of Presidential Communications of the State House in Dar es Salaam has issued a
statement noting that German Chancellor Angela Merkel and Tanzanian President His Excellency Dr
John Magufuli recently held talks on increasing the economic cooperation between their respective
countries.
A key outcome of the discussions is a mutual commitment to create a trade and investment climate
that’s conducive to fostering a greater bi-lateral relationship to support the potential for Germany to
contribute to the industrialisation of Tanzania.

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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: Feb 27 2019, 10:22 AM
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In Reply To: blacksheep's post @ Feb 25 2019, 10:06 AM

CR to sof's/insto's was done at 10c - i"s pleased to announce it has received firm commitments from sophisticated, professional and institutional investors to raise $1.1 million through a placement of 11 million fully paid ordinary shares (Shares) at an issue price of 10c per Share (the Placement)." - and raised $1.1mil

Retail shareholders are now given the opportunity to participate in an SPP @ 10c to raise another $1 mil

$2 mil won't go far IMHO - particularly if the ATO succeeds with their claim



--------------------
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 25 2019, 10:06 AM
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In Reply To: blacksheep's post @ Feb 1 2019, 07:17 PM

QUOTE
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


Long anticipated CR announced today - at what price? If they are unsuccessful in their bid to stop the ATO's request for the return of R&D refund in respect of the year ended 30 June 2017 - $1.86m - then no doubt a slice of the CR will be applied to this

QUOTE
TRADING HALT
In accordance with Listing Rule 17.1, Kibaran Resources Limited (the Company) requests an
immediate trading halt to be placed on its securities pending the release of an announcement regarding
a capital raising

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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: Feb 20 2019, 11:22 AM
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Putting the "disclosure" in this article up first - it probably explains what follows rolleyes.gif Probably should have also declared that KNL is looking to do a cap raise - these sorts of articles always appear before that event.

QUOTE
In accordance with section 34b WpHG in conjunction with FinAnV (Germany) and paragraph 48f (5) BörseG (Austria), we would like to point out that partners, authors, clients or employees of GOLDINVEST Consulting GmbH hold shares in Kibaran Resources and thus there is a conflict of interest. We also can not rule out that other stock market letters, media or research firms will discuss the items we have discussed during the same period. Therefore, symmetric information and opinion generation can occur during this period. In addition, GOLDINVEST Consulting GmbH and Kibaran Resources will have a consulting or other service contract, which includes GOLDINVEST Consulting GmbH reporting on Kibaran Resources, which also constitutes a conflict of interest.


Translated from German
QUOTE
In the dwindling hype surrounding battery metals, it is easy to overlook the fact that Graphite is quietly and secretly preparing for a new rally. Never before has the outlook for battery graphite been as good as it is today as one gigafactory after another emerges worldwide. In contrast, there are comparatively few companies. They are all survivors of the short graphite boom in 2012/13, when many companies sprang up at the time. Today there are about 30 companies left and it is notable that there are more advanced projects with feasibility studies among these companies than, for example, in the much larger lithium sector. The London-based analysis house Hallgarten & Company therefore speaks of a graphite boom 2.0.

The graphite market has long suffered from the announcement of megaprojects, especially Syrah Resources or Zenyatta. The latter have since given up. Syrah actually made it into production with her project in Mozambique. With sheer size, Syrah wants to score points while knocking out the rest of the market by claiming to be able to meet the growing demand, almost single-handedly. But things are not that simple and the future of Syrah is far from certain. First, there are serious production problems and, secondly, the product that Syrah wants to launch is, of all, a low-value mass product. Syrah can not serve the market for higher quality flake graphite. The Hallgarten analyst comes to the paradoxical conclusion

The largest producer and largest consumer of graphite is China. In terms of spherical battery graphite, the dependence of western industrialized countries is currently 100 percent. This leads to the paradoxical situation that while the Western world would like to be relieved of dependency on the one hand, on the other hand, no one is willing or able to pay the anticipated additional costs for environmentally sound mining. All have the goal of reducing the cost of batteries.

In the opinion of Hallgarten especially those deposits have a good prospect, which have both a favorable distribution of the floc size and at the same time require no large investment. From our point of view, Kibaran Resources Limited (ASX: KNL, FRA: FMK) meets these requirements in an exemplary manner. The feasibility study has been available since 2015 and has since been extensively optimized. Most importantly, Kibaran's Epanko graphite project is one of the very few projects in Africa that meet the stringent "Equator Principals", thereby making investment grants available to Western development banks. Unfortunately, the delayed renewal of mining legislation in Tanzania has delayed the project to date.

However, after all, Kibaran has taken the time to develop eco-friendly processing of graphite under the Eco Graph battery graphite label, making the use of toxic hydrofluoric acid obsolete. While Kibaran is currently forced to raise money again, Kibaran Resources' turnaround could be even faster and more intense. We strongly advise you to put Kibaran on the watch list. Risk-tolerant investors could use the currently low prices for (re) buying.

goldinvest.de: Stille Rallye - Graphitmarkt tritt in die Phase 2.0 ein | wallstreet-online.de - Vollständiger Artikel unter:
https://www.wallstreet-online.de/nachricht/...tritt-phase-2-0
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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: lgrif  
 
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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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  
 
 


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