Another closing high on the back of OROCOBRE LIMITED announcing new pricing guidance for lithium carbonate. Something Kidman shareholders will get used to well into 2018.
Upcoming Price Catalysts
-----------------------------------
Assay result from Bounty and Earl Grey
Resource -0.20% Upgrade
Off-take deal announcement
Appointment of new chairman
Highlights
---------------
* JV with No 1 lithium producer $SQM
* Fully funded to mine production
* Resource -0.20% will likely double
*No offtake agreements signed as yet
* Clear takeover target
JORC Resource
--------------------
128Mt at 1.44% Li20 for 4.54Mt LCE
Corporate Snapshot
------------------------------
Shares on issue: 350.14M
Options on issue: 47.45M
Cash (Sept 2017): AUD$6.23 million
Debt : AUD$6.3 million
Upcoming Price Catalysts
-----------------------------------
Assay result from Bounty and Earl Grey
Resource -0.20% Upgrade
Off-take deal announcement
Appointment of new chairman
Highlights
---------------
* JV with No 1 lithium producer $SQM
* Fully funded to mine production
* Resource -0.20% will likely double
*No offtake agreements signed as yet
* Clear takeover target
JORC Resource
--------------------
128Mt at 1.44% Li20 for 4.54Mt LCE
Corporate Snapshot
------------------------------
Shares on issue: 350.14M
Options on issue: 47.45M
Cash (Sept 2017): AUD$6.23 million
Debt : AUD$6.3 million
Comment:
Bounty results dropped this morning. Kidman will look at defining a second deposit on those results. Looking solid for 2018