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I very much doubt Hainan will be selling their shares in 12 months. There is much more chance of them buying the other 17Bn, as you say it's chicken feed for them. Why would they want 51% when they can have the whole lot. It's just a matter of time.
I wonder if it's Hainan behind the fall as they would like the whole pie or perhaps Ganfeng as I'm sure it would be a great fit for them waiting for the news on Leo. Kod has been worked on to suppress the price. There has been an influx of new posters negating Kod which is another usual signal as things haven't looked brighter for Kod in a long time, ie being fully funded and having a 40% uplift in resources. I have seen this sort of action happen so many times.
That's not to mention the upcoming news on the gold projects. Bernie has his eyes open for other opportunities too. I feel Bernie is best served doing what he does best, sniffing out new projects like a beagle. I think now that the deal is signed and the money is in he can focus on doing this and let Steve manage Bougouni with Hainan.
It would be good to see a short squeeze here. The share price does not deserve to be in the 50's. At least I was fortunate to pick up a few yesterday and have continued today.
There has been a lot of disinformation on here recently so I urge new investors to do their own research.
With $117m just received, I wouldn't describe KOD as a scam.
Good news will come in good order. Don't forget the gold mines and the drilling campaign which is recommencing in a matter of days. Perhaps Bernie has a few ideas with regards to spending the $17m, for all we know he has been busy in discussions with other parties. We shall know soon enough.
Hainan obviously do. If they weren't confident of the price increasing they could have easily pulled out especially as you say the lithium price has fallen in the last 3 months. Kod is de risked now as they now have the funds. Surely the market was concerned that Hainan could have just pulled out considering the falling lithium price but they didn't. This is being manipulated but I have a strong belief that the tide will change. You carry on shorting and I will carry on buying.
I wouldn't be surprised if Hainan increase their holding. If they were happy to pay 0.5 before the resource update they must think that the shares are really cheap now. The resources are only going to grow. Give it a month or two and the topic will be at what price Hainan take out Kod. In my view they will want the whole pie. In some respects it makes you wonder who is shorting this...
I have been buying to and will continue to do so. I think the 40% increase in resources has been overlooked. They will resume drilling at the end of the month so no doubt we will see further increases going forward. They have an absolute huge area to find larger resources. This could be a monster.
Canaccord are obviously happy too as they wouldn't have increased their price target to 1.85. The price is just being manipulated at the moment but the tide will soon change.
I agree, it only cost them £7,000 a small amount to repurchase considering they made £600,000 selling part of their THG investment. I wonder if they will be tempted to buy back in THG at the current low price.
If they are in takeover talks which is a strong consideration the directors will not be able to buy shares. If they are indeed in takeover talks and they cease perhaps then we will see news on a premium listing, strategy update etc.
I think the directors would be buying at these low levels if they could thats why I think something is brewing in the background.
That's with the current resource. With regards to Steve's comments at the AGM I think the resource will be upgraded quite substantially so there is a lot more potential. Then we have a pipeline of news to look forward to on the other projects which have understandably been neglected due to the focus on Bougouni. Exciting times once the finance arrives.
If someone cares to put out a video with regards to the latest RNS what is the problem with that? Any potential investor should always do their own research and if they choose to look at a chap in a hat talking about KOD I don't have a problem with that. With regards to family and friends they must have faith in my judgement as they come to me and ask what I'm holding. For the ones that got in sub 0.20 I'm sure they are happy to have done so.
Mafee. You are quite wrong with regards to my viewpoint. If potential investors are made aware of KOD what is the problem with that?
I have told quite a few friends and family to take a look at KOD and most of them have done their research and bought. What will get the share price moving is positive news flow not a few investors buying a few million shares.
Give the chap a chance. For most of us whom have been here for years we know the score with KOD but If he reaches out to new investors he gives them a balanced view.
I picked up another 2m this morning. Let's hope that this will be the weekend that we wouldn't want to be out.