Kodal Minerals Share Chat (KOD)

If the floor price with guaranteed profit for KMUK is agreed that will make a big difference to the outcome.

I imagine if lithium goes over a certain price some sort of tapered cap will apply.

Very interesting.

Well that's an absolute joke of an end to the week.

Two UT's, totalling less than £40 between them, at a price lower than any sell.

Incompetence or deliberate manipulation, it's hard to know tbh

Dazguard I was in one lucky to get out with a profit the main guy died unexpectedly. Then the project did not have the same momentum.

If the floor price with guaranteed profitability gets the green light from Hainan that is one concern that some can cross off the list. 100% offtake with guaranteed minimum price should the spot price fall below a certain level.

LAV,Oilies are why I avoid aim normally...my last 2 were xrp, and desire,both announced..we be found oil on drilling,then 24 hrs later backtracked...sorry ,it's just water...our bad....what a stitch up ..lol,I hope kod does better

Haven’t been able to buy on IG for over 2 hrs yet they will take 5K worth at .419

Well there has just been the mythical 1 share UT lol, so who knows

Mm's have certainly created a big opportunity here with their incompetence

Looks like a fun time to buy in. Considering it

Onlyking, we are in a good position no concerns.

It is always stressful the nearer we get to the major event, inflexion point.

You have been here before too, with an oil share?

Would prefer 2p, but at least it takes all the risk and stress away and we all are money

Happy for a buyout now

Even at a penny

Hopefully Dazguard but we are not producing until December/January so until then I am not paying much attention.

White buffalo agree everything is going to plan so it is a waiting game the licence doesn't have to be resolved until production - but for us it would be good to see earlier.

All looking good.

Hainan will want more than 38%, they will make an offer for Kod's interest. The site will be completed in a matter of a few months, the licence along with clarification of the mining code will be a matter of perhaps weeks.

My expectation is that the share price will improve by the end of November. I said I would by more today if the sp was still 0.47p - and I got my £20k worth for 0.42p, so I'm content that this period of uncertainty has been an opportunity.

By the end of November almost all the plant will have arrived, the licence transfer will (hopefully) be settled, the mining code implications will (hopefully) be known, the budget implications will be known, and the US elections will be out of the way.

Now, I just plan to wait.

Lav..

The price of oil has jumped 5% after US President Joe Biden said the US was discussing possible strikes by Israel on Iran’s oil industry.

Asked on a visit if he would support Israel striking Iran’s oil facilities, Biden said: “We’re discussing that."

I don't think oil will fall anymore for the time being.I hope it sends Lith into upswing so Kod can get back north of 0.5

PS try this stage of any share is tedious - the most exciting and the most nervous.

Like George said we will look back and laugh at some of our thoughts and comments.

Must be a bit like Mafia stakeouts years of watching and waiting then all of the excitement over in a couple of days.

Dazguard - it should feed through to rising prices in two ways increasing demand and of course increased inputs into production.

Not sure if the prices have risen yet, it is if Israel fires on Iran's oil storage?

Rob, yes that would panic people simply because of Leo Lithium.

Totally different scenario though. We didn't get 50m dollars tax incentives to give back. Or involved in the Morila gold mine debacle. Or tried selling ore from our site.

Leo is supposed to be settling with the government via Ganfeng this month as far as I am aware, the sooner that is done and out of the way the better.

The sooner ours is completed too the better - personally I would prefer the new code, keep it clean and simple.

Has rising oil not had an effect on li prices yet?..surely Israel Iran tension will push up oil,and therefore be good for ev and alt energy?..20 pc down in a month,thanks Mali ...getting tedious now at this price.

Hard not to lose it Lav! Share price is a joke

Part of me still thinks it’s being manipulated for buyout but at these levels what price which is worrying

I’d hate to think where the share price goes if Bernard doesn’t get the license sorted this month.

I also think that investors here should not lose their heads.

Leo Lithium - where Fooca is invested failed. I think if the estimated government payment is as estimated between giving back tax incentives and a fine they got off lightly. I also think Ganfeng are generous with their deal.

We are an explorer with a JV with a mining company building a mine, we are not a mining company and we don't own a mine.

Until it is completely built and those cheques roll in we are not a mining company.

I read Leo Lithium's boards announcements etc as with other mining companies in Mali, a lot of Leo investors got caught up in the wide boy Hay CEO hype and only started thinking in mega numbers the likes of which international companies deal in.

Here we need to keep our feet on the ground, if the government buys in they are welcome and we can use some of this money for further development.

Well said Laverda.

The only fact I am certain of is in less than 100 days we can look back on what was said over the year and chuckle at the parts that we misinterpreted. Hindsight is 20/20 and all.

To me the difference in the mining code has been done to death on these boards the percentages etc.

At the moment I don't see the basic difference of the two being the consideration.

Bernard said they are investigating going on to the 2023 code, not that the government is forcing them.

We have added a phased development submission to an already issued 2019 mining code mining licence.

It will take Bernard to explain afterwards, but I think that the flotation plant construction, timings, outputs etc may less binding or critical under a normal 2023 mining code licence.

We will see.

The difference in ownership is minimal, the 5% local payment is just moved from paying direct for initiatives to paying local government. We had 49% of 90% before with no purchase, so the difference if the government purchases is only 49% less from what they purchase, it is no big deal.

The more the government owns the smoother the mine will run with permissions and any infrastructure improvements.

Thank you Fooca. The real battle is how much can be negotiated for incentives and tax brakes. It would be a real positive to get anywhere near a signed off deal with all 2019 breaks in return for (from kodals perspective) eating a c.5% loss to our stake in the mine operator.

I hope Kodal and Hainan are able to persuade the government that growing the lithium portion (i.e incentives) of their mining sector alongside reforms to their existing gold economy is a wise and prudent move to creating more tax revenue in the years to come as lithium in Mali establishes itself.

Plus Mail China politically are pretty cosy at the moment. October is going to feel like a long month.

If Kodal is forced onto the 2023 Mining Code, the percent ownership of the LMLB will be GoM 30%, Hainan 33.15, Kodal 31.85, National Investors 5%.

Depending on what percent the GOV take after granting the operating permit, Article 78 of the Code: The granting of the operating permit by the state entitles it to a free participation of a minimum ten percent (10%) of the capital of the operating company.

The state can only take up to 30%, ie: if free participation is 15%, state purchases 15%

The calculation for the payment is set.

Article 80

The acquisition price of the participation in cash is equal to: % chosen by the State x by overall cost of the research work and the Feasibility Study relating to the deposit, borne by the research company before its decision to implement it in operation of the said deposit, increased by interest at the BCEAO rate plus two percent over the duration of the investments. The expenses already borne by the state for research work within the perimeter also increased by interest at the same rate, are deducted from this acquisition price. The tax expenditures, or exemptions granted by the state to the holder of the research permit and to its subcontractors on the area covered by this exploitation will also be deducted from the amounts paid.

The national investors 5% is calculated the same as the state's cash participation.

The state and national investors cannot be subject to dilution in the event of a capital increase.

The state generally doesn't actually contribute or pay cash per se, but it is off set against tax and royalties, but when the company declares a net profit they will get their 10% dividend as a priority.

If you stay on the 2019 Code, GoM 20%, National Private Investors 5%, Hainan 38.25%, Kodal 36.75%

Article 65 - The right to acquire an additional 10%, is by agreement between the parties and based on the value of the project.