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poor, poor daza, you see how short your breath is. you could have sold out and left this board and gave yourself good time instead. but your are insure and trying to relay on others to build your confidence. try to develop your investment decision making instead.
I've being in this share years before you arrived with all your bitterness just because you lost some bobs here. try to be subjective and stop your emotional floods. If you read my lost post before I stooped posting last year, it was about explaining the strategy adopted by BA before producing limited jorc. good night stormy daza. Kod will live and we will make handsome profits.
Problem you all have.... is without new information you are going round in circles. Let's save our snuff for the FS dissection.
I think the problem with the failing WA mines is market for the majority of their product, which is not battery grade. It's not the equipment. If we get tied up with a supply chain buyer before we spend a cent we will not be comparable to them.
Imo..... we need to get a light shon on this.
your problem daza is that you do not understand the argument and you make your mind on the first impression. try to look at things from different angles. I said old technologies, I did not say old equipment. as I don't see any complexity in providing: conveyor belts, crasher, pumps, and some drums and electric engines: there are a lot of providers there, plants are not made in factories they are built in sites. stop worrying Mr Manr... for nothing.
do you think that alitas is the only producer of this plants? what sort of complex technology they possess? It is a combinations of some old technologies. Kod don't have to worry about this problem at all.
The main issue is how match SC is going to pay for the mine.
daza, I thought the process is continuous and they need to stop it and run it on our sample to prevent contamination 'mixing up with their staff', otherwise there is no obstacle to process it night or day as we are not going to ask for final product. all we need is an assessment of the results.
plant wise, I think it will be a move, move, move as the Chinese army of workers will be on site.
Hi Daz. I am thinking it will be sob, sob, sob , but who knows. ATB Speedy
lithium index gaining strength.
https://tradingeconomics.com/commodity/lithium
The sample can't just being destroyed. It is hard rock and need to be pulverized at the plant to be processed. No weather degradation is likely to happen here. any way we have the lab results and the plant results are always going to be around that figure.
This type of tests are likely to be designed by a statistician and controlled by them and results analysed. so the controls where there before digging them out and marking each batch before loading. The fact that they are 1/5 of what was designed means more care has to be applied to process them.
It is the hardest time for BA, SC and share holders as it involves serious decision making in the next few weeks hopefully.
Pure speculation! The fact is that it hasnt been processed which to me means that perhaps (after 1 year delay) its *****
I'm not going to speculate on WHY the sample hasnt been processed.
What I will say is, this is a production facility with targets to achieve..... we will get to process the sample when they allow us to.... why they havent found a window yet? I dont believe any of us know why..... unless it gets communicated
https://twitter.com/sdmoores/status/1206570265234280448?s=19
Battery production capacity increases in 2019....
daza, here is what have caused the sample processing delay:
In normal processing time, if the plant is able to process 1 ton a day then 5 tons would have taken five days. in this case we expect the first day output to be contaminated by previous input as the plant work continuously, the second day output would be less contaminated so we have 3 non contaminated samples left that shows fluctuations caused by the differences by the rock content. from this clean samples we could work out a statistics with confidence interval to show our level of confidence in the output. In our case the sample is only 1 ton, this means may be they have to delay it till they have a maintenance period where they can run it afterward without the risk of contamination, as the plant is clean. so I guess they are waiting for one of these maintenance periods.
The other thing that may cause delay is the fact that BA has to put an end to the illicit relation with SC and come with a clear commitment from SC to show to the market or to move us forward towards production. any news that do not show this commitment is not interesting to the market or share holders alike.
Hi James. The bulk sample should be renamed the carrier bag sample. Not enough to do a real test so no news. IMO. ATB Speedy
I don`t think BA got the memo,in fact I do believe his comprehensive is that good.
By my reckoning the Bulk Sample should have been analysed 3 years ago.
They must be in possession of the FS BiB in order to progress the translation thereof.
The only thought I had was they intend to include an addendum to cover the results of the bulk sample processing..... however without that the FS must be complete..... surely.
This wait is doing my nerves no good at all. I know they are translating the FS for the permit application, but that is no reason not to release it to the market in English beforehand.
The amount of news they could be giving us could almost fill an RNS advent calendar.....
I need to know........ I cant take the suspense.
SC clearly stands for Santa Claus.
I am still supporting the 0.25p a share bid but who knows it could be 0.35 or 0.15p
by the way I see it, it is either a loan form SC for these 6 months to mitigate risk for final bid. or a bid to get the lot. No new share holders at this level.
put yourself in the new investor boots, why they should invest at this level without being certain SC is going to help with building the plant. how BA is going to convince them that this is going to happen? unless he gets this commitment written down before any cash raise. again why SC provide huge sum and fail to provide a small operational sum and let new investors get most of shares at a tiny sp? please read all points and think carefully before replying.
It makes no sense to raise any funds now at this level:
1) If BA is confident SC will help with providing funds to build the plant, why not add two years operations costs to the target funds and we don't need any cash till we start production and get revenue from lithium sales.
2) If SC is not confident, then why BA is talking about SC willing to fund production in every investment presentation?
It makes no sense for SC to sit on the side and let his share of kod be reduced to nothing unless they are going to participate in this fund raise, but they can't, as they have little maneuver left before they have to make a bid.
so what it is BA? put kod in the freezer till SC return to their senses, or accept a lithium bid and start with gold assets?