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Looks like the little downtrend is turning to me
higher lows for 2 days not yet a higher high, expecting that this afternoon/tomorrow and I expect it to rise into end of week imho
so much for a crash🙄
BWTFDIK🤷🏻♂️
Unfortunately the Malian government are in cahoots with the Wagner group... will the government let the Wagner group jeopardise their operations and royalties... NO..... will the Chinese let the Wagner group jeopardise their operations and royalties... NO
Https://www.rusi.org/explore-our-research/publications/commentary/mixed-picture-how-mali-views-wagner-group
Not the conspiracy theory many paint - that is actually a well balanced website for all things war related.
If Iran gets embroiled in a costly battle they are unlikely to support these groups as before and the region may stabilise.
Regarding Barrick, they made the foolish and misguided mistake of saying that auditors were not doing their job properly allegedly in press reports
The previous mining code when introduced clearly laid out its aims and objectives in such a simple way that a child at school could understand what they were doing and why. Some mining companies found ways (some would say legitimate others would say pushing their luck) to get round these changes.
When called out by auditors and a government mining office for using these techniques smart az comments are not recommended assuming that the quotes are correct.
I wonder if Barrick used the same consultants as Leo Lithium.
This is no different to the UK, except in the UK you could not negotiate your way out of the full fine or removal of licence, in a regime they have a chance.
We are taking all your Chinese Lithium interests in Mali but please be our friend still on the international stage and back us up.
Makes sense
Maybe even more reason for a Chinese buyout at some stage to get the rid of their British JV partners
Well that was a quick response time, thank you.
Lav after all this I hope you consider working in the mine development sector you certainly put in the hours to understand the processes involved. Thank you for the info.
Research tree links not allowed it appears, try this one
https://www.proactiveinvestors.co.uk/companies/news/1044003/kodal-mineral-reports-significant-progress-at-bougouni-lithium-project-in-mali-1044003.html
all clarified in this video, mobilised fleet, initially construction, then after that surface clearing and top soil (top soil in mining will also be sub soil - removed separately and stored separately) then stripping is the next process.
https://*********************/media/kodal-mineral-reports-significant-progress-at-bougouni-lithium-project-in-mali
A small detail but hopefully of interest to some on the BB.
Just did my weekly X-ray of the portfolio with KOD shares and noticed that they have changed how they classify KOD from Small-Growth to Small-Blend. Blend simply means a mix of growth and value.
The thought of KOD becoming a value stock in the future makes me smile.
MikB, gets me regularly too lol.
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 !!!! 🚧👷♂️