Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Sorry LAV, crappy predictive text strikes again!
Lavender, I took pre-strip to mean clearing to get to the mineable material and assumed that was why it was after some of the DMS stuff was talked about. Just my interpretation.
Laverda,
Thank you. I'm very relaxed with the timelines. It's going to be an exciting nine months ahead. Hopefully all will go to plan.
Carry on posting your excellent updates.
Sharebug, Bernard mentioned something about top soil so maybe it is surface debris/scrub plant removal and placing topsoil to the side for afterward reclamation work.
Stripping may only be the ground above the veins excluding top and sub soil.
I will listen back through the videos tonight if I get time, but he didn't say a lot about it.
Rickyl... on a still picture you will clearly be able to see the red disturbed earth and tracks from vehicle activity (like you can for the road)... you will be able to clearly see the areas where the civil/ concrete slab will be poured as this will be clearly
red disturbed earth.... also you don't get video satellite images you muppet!
Laverda,
I took it literally as fleet being mobilised. How much fleet and the lead times, I don't know.
Just because they have started doesn't mean everything is ready, but there is clear activity in the DMS plant area and what could that be? For me that means clearing and preparing the site by removing vegetation and leveling the surface and possibly some other preparations. But we cannot see in detail what is happening on satellite images, but there are clearly activities on both Ngoualana and Boumou that originate from KMUK. If the weather conditions allow it, we will certainly see more on the next photo and hopefully also soon photos via Kodal PR.
And there is no doubt that there is still a lot of work to be done in preparation for the arrival of the parts of the DMS plant
link to a small video with what can be seen at Ngoualana DMS area (2 days available)
https://streamable.com/51zcbg
DYOR
GLA
Sharebug, yes I was confused about that because pre-strip is later in the year.
I struggle with australian terminology in mining. Is topsoil management part of australian pre strip process or separate?
If they remove nothing then I don't understand what they will be mobilised to do other than construction.
Laverda,
Yes, it was a blue line with circles and dates. The second item on the presentation said "Mining fleet mobilised" in April.
Mattslim, the last presentation has the timeline for each piece of development, I think it was a blue line with circles and dates.
Complete civil designs and commence construction was the target this month. So I don't imagine there will be much to see unless they are a couple of weeks or more ahead of target.
You won’t as it’s a still picture 🤣🤣
I was just looking at satellite image from yesterday, not seeing any ground movement??
https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=11.337&lng=-7.50276&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2024-04-14T00%3A00%3A00.000Z&toTime=2024-04-14T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22
We are a little explorer trying to get a site to full production mining. That is the process whereby we make large profit, because it is not easy and many sites don't even make it to a jorc resource is why the multiples are so good for investors.
We are way down the path and within months of production. An excellent achievement.
Hainan are a huge mining outfit who no doubt at some point will buy our share and off we go exploring again.
All of the stuff written about explorers to miners etc by experts, journalists etc may or may not be correct, however we are on the final home straight and only that tiny piece of the process is relative to us.
For investors being human, the closer it gets to a big win the more stressful it becomes.
But logic, commonsense and experience should overcome those feelings.
So best only to read relative material of this stage of the process not back to from start to finish explorer material which is not relevant to our lithium only relative to our Goldfields.
Hopefully news of delivery soon! , must be near if they're clearing ground?
These motley articles and others are literally copy and pasted everywhere and make nonsense predictions all the time, do not use them for investment advice. They just want your money.
It's on the satellite its all being cleared for DMS. Ground construction underway !!!! 🚧👷♂️
The Motley Fool articles are a waste of time, always end with the same kind of message - " I wouldn't invest in this company but, hey, here's five others I would invest in".
Kodal is indeed speculative but IMO the future is looking extremely good - Cash in the bank to build the mine out, millions $ spare for drilling and resource expansion, multi Billion $ Chinese partner who are looking to secure 100% of the lithium.
Yes, not as comfortable as your average FTSE 100 stock, but show me one of those that has potential for 300-500% returns over the next twelve months.
DYOR please
When doing your research ask yourself are you comfortable with a reasonabley guaranteed return or do you speculate ? https://www.fool.co.uk/2024/04/10/up-60-since-february-can-the-kodal-minerals-share-price-keep-on-climbing/
Will be a crap Monday across the board now..sub .4 . Hopefully this won't drag the whole middle east/Russia/china etc in.sheesh.
With these mini peaks and valleys in KOD share price ?. Creating fluctuations i suppose is how they 🐒🦧 make their profits on trades both ways. So buy the dips methinks 🤔. No advice given, just me. :o).
I thought this was an interesting article about a new extraction technique. SP for the company concerned surged 40% in two days.
https://www.mining.com/web/gina-rinehart-backed-lithium-hopeful-surges-after-demo-batch/
Grabbed a few more.... even after i convinced myself not to as portfolio getting over balanced. 0.4 to good a chance not to
Horult, I agree with you, got what you are saying, yes the transfer is not the major piece of the jigsaw in my opinion either.
Institutions I can't see buying until we are in full DMS production, large ones not until flotation production.
I am expecting a few of the wealthy large investors to appear sometime between now and the plant turning for final checks.
I have been on a lot of shares and never thought to jot down when they arrive. Some of them speak on the chat boards, Oliver to name one. Unlikely that they will not have this one on their list. Some nice people amongst them.
I think we are at crossed wires a little Laverda. I have no doubt the licence transfer will affect the SP it almost certainly will, I expect institutions may not invest till that is all sorted out fully and all the boxes are ticked. However we have absolutely no idea when Mali will be in a position to start issuing/transferring them again.
What I was suggesting is that as we get closer and into production the SP will also be raising a lot ( I hope) but when is the transfer coming?
If the transfer does not come for another 12 month - and you are waiting for it before buying - you will have already missed out on a large rise. Ideally we would want the licence before production but there is no guarantee of this happening.
If you see what I mean.
In simple terms - buy now(ish) don't wait for the licence😁 in my personal opinion
Just looking at the chart, I would expect the current price to rebound up to 0.50+.
Close at current price would represent a higher low, indicating that the SP rises next week to a higher high.
Caveat the above with I know nothing and the SP seems to do what it wants!