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Sorry Laverda got on my high horse a bit. onlyclown wound me up by basically saying he hopes I lose money, I would never wish that on anybody.
But you can see even with KOD it is down over 50% from it's highs. I am holding long here, held for over 3 years and plan on holding another 3-5 at least depending on how things go hopefully 10 years+ if the dividend come along😂- but also trading on the side like I said to build up my 'free' shares pot.
I never understand why LTH get so uppity when people mention trading. You can be a LTH and a trader at the same time🤷🏻♂️ and I for one am much better for it.
Horult, no arguing just a chat board.
Coming clean about trading is good and personally I don't mind traders at all, especially ones who state that is what they do.
Then everyone on the board takes comments in that context - good luck with it and I hope it works for you, loads of different ways to make money with shares.
You would do what you are doing if trading. And long term holders are not better than traders, just a different tactic.
Lol onlyqueen. You have NEVER written anything of worth, just baseless ramps or attacking anybody who says something remotely negative. I've only posted 4 things here in 30 days so its a bit of a waste of your filter
🤡
Not really Laverda no, but thanks for making those assumptions. I have a diversified portfolio - which is always the best way to reduce risk. I have a number of dividend FTSE players for long term holds. Which is where the majority of my money is invested.
I put some 'gamble' money into the riskier AIM market the last 3 years and have learnt it is a different beast and generally you are better off trading than you are holding long. Although I have several dogs, the profits I have made from the others far exceeds those losses. Some of those dogs I believed in the company and ceo's - but things do not always work out and some BODs just outright lie. Some I have written off never expecting to see my money again - but others I do still believe in and have averaged down.
Anywoo I'm not arguing about it. I just gave my opinion that's all. You may not agree with me but you can't take my opinion away from me. I am expecting the SP to drift back down to 0.4 or even 0.35 over the next week or two. Then another climb back to 0.5 - unless we get news of course. Only time will show if I am right or not.
Horult added to my filter
Clogs up the board with nothing
So in summary you have spread your money across a few shares most are dogs, taken a large part of the gains from your best share and therefore taken a huge amount of risk for little reward.
I would take a look at specialist funds and give AIM a wide berth.
After 3 years of Aim shares - I am now of the opposite opinion Potatohead but I understand where you are coming from.
I believe it takes a stronger stomach to hold them for a long time as 90% of them will fail - and indeed the majority of my AIM/small cap shares are significantly down in that period.
Now I split my pot and hold half the funds and trade half the funds. If it rises I am banking profits, if it drops I can average down. Slowly tying to get on a free ride. It's only once you are on a free ride that you can truly be safe.
I'm in profit and won't sell until I've multibagged. Knowing my luck, if I did sell, the SP would double, maybe even triple within days. Trading on AIM can be volatile and requires a strong stomach.
You do know that shares do not go up in a straight line yes? In a monthly chart a weekly chart and a daily chart it is in an uptrend.
0.5 is psychological resistance
In my opinion it will not break that without volume behind it ( likely news driven) and the volume is not there right now, so I do think it will drift back down over the next week yes (without news). Even though it will be drifting down on the daily - it can still be in an uptrend on the weekly / monthly chart.
0.4 and 0.35 are resistance points - as it is in an overall upward trend it may not get as far as 0.35 it could well bounce back off the 0.4 and we go again to try and break 0.5
Why would I be getting caught with my pants down? I mentioned no intention of selling. Who would be more likely to get caught with their pants down, people with my mindset who understand the above - or people with your mindset of complete blind ramping faith?
Horult at some stage it will stop dipping below 0.40
That should be now
Do you think it is going to keep dipping and being undervalued the closer we get to production?
I hope the ones with your opinion and mindset get caught with their pants down
"The primary determinant of bid-ask spread size is trading volume. Thinly traded stocks tend to have higher spreads. Market volatility is another important determinant of spread size. Spreads usually widen in times of high volatility."
https://www.google.com/search?q=why+a+large+share+spread&oq=why+a+large+share+spread&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCTEzMzExajBqN6gCCLACAQ&sourceid=chrome&ie=UTF-8
0.5 will be tough nut to crack on current volume, is bouncing close to there yesterday and today
will likely start drifting back down from tomorrow back to the 0.35 - 0.4 range...
...unless we get some news to kick some volume at it. Come on Bernie, you must have some drill results ready about now, lets get them out please - lets keep this momentum going😁
All the buys are pushing on 0.47 all day
Great to see Kodal installing a water supply for the local residents. It's a great investment that also provides for the local area and residents in Mali. https://twitter.com/KodalMinerals/status/1777603300126273992?s=19
Over 9% is ridicules. It does keep the day traders out though
Yes, the spread is pathetic. Maybe the MMs are playing mind games, it is Aim after all.
Why such a big spread .47 / .43
Not rubbishing ACC, a good contributor to the board.
Bernard has said the previous data is flawed he spotted inconsistencies with it. However he also spotted inconsistencies in the areas the previous companies thought poor areas. Bernard has since tested his theories and so far proven them correct
Where previous companies thought were good were not. But the areas Bernard thought may be good, so far are much better and much more extensive than he thought. He seems excited about the prospect.
He has mentioned this more than once in interviews.
So I would not put much weight behind previous reports, however seeing Bernard's enthusiasm maybe they have potential for much more - yet to be proven.
Acc
Your research is of the highest order 👍
Very much appreciated
Remember that the current NPV includes all road and bridge building, site clearance, plant construction, electrics, water etc and is only 4 years production from the DMS plant. The same plant over the following 4 years NPV would be around 500m based on the same production figures, because the plant is there and everything is built. The flotation plant will only have its own construction costs associated with it in its NPV figures and produce around double the tonnage.
Even though Hainan paid the cash for build, the figures for the DMS NPV include initial capital costs.
Sometimes a little mind bending when not in their world.
If the resource increases to sustain 15 years at 370,000 tonnes per year or more the figures will be huge, especially for Kodal and its humble beginnings.
Then add on the share of West Bougouni and all of those gold fields.
Especially when lithium is up again. Glah and dyor
Significantly more than the current low price
Waiting to be created?
LMLB is created as subsidiary from KMUK to receive the license from Future Minerals via an official transfer!!
And Mali Gov can not participate in the JV!
DYOR
Celle it is slightly more complicated than you make out.
The actual mining licence will be held by a subsidiary of KMUK, which we are still waiting to be created. The government of Mali has a right to 10% of profit generated from Bougouni for nil cost and a right to purchase an additional 10%. I'm not sure at this stage how the profit calculation will exactly work or if the Mali government will have it's stake in KMUK or the subsidiary, although I suspect it will be the latter.
Either way, KOD won't get 49% of the profit from Bougouni, it will be reduced by the Mali government stake. The mechanism for Kod to receive cash profit , if it follows standard corporate practice ,will be via a dividend paid by KMUK I think
Historical exploration by Rockridge Capital Corp(RRC) for their Fatou Gold project (is not the same area than what Kodal has now in 2 licenses for their Fatou Gold project (Fininko – Foutière)=> 310Km²
info from technical report RRC 2014:
Between 2010 and 2013:
12,000 soil samples
1,278 Pit Sampling
986 Auger Holes/samples
1,254 Mobile Metal Ion Survey samples
Aerial VTEM : 2,880 line km ( combined EM, magnetics, and radiometrics)
Ground IP: 13.15 line km gradient array and 5.075 km pole-dipole
Regolith mapping: Eastern half of the concession
Artisanal workings map: Locations and relative quality of ~1,500 pits mapped
Geologic mapping: Various interpretations from drill data
RC drilling: 27,466 meter for 256 holes
DD drilling: 29,148 meter for 144 holes
All this exploration was spreaded over Fatou, Fatou main gold, Fininko, Digan S, Digan N (Both Digan areas or not included in current Kodals licenses)
The data from this exploration is used by the authors of the Techncal report for a resource estimate to achieve an “Inferred estimation”: results of 85 holes => 55 DD and 30 RC
https://kodalminerals.com/project/gold-projects/fatou-gold-project/
DYOR
GLA