Member Info for 100notout

Yes they should be very concerned with Barker increasing as he is the one in the driving seat. This looks very interesting.

Is it possible that Fosun or a subsidiary has shorted KOD since the completion of funding in order to collapse the price with regards to VWAP for a possible takeover? I am rather suspicious that the share price has been pushed down so low and that any rise is sold into. Personally I think most longterm investors were under the impression that the share price would rise after completion of funding but contrary to the share price increasing its halved in value. I am concerned that Hainan are after a cheap takeover however if they or a subsidiary or associate for that matter were indeed shorting there could be legal ramifications.

Considering the share price has fallen so much its rather surprising that Hainan haven't increased their holding. Before I'm shot down check out the undisclosed short on PMO by ARCM. They had an undisclosed short of 16% and didn't feel the need to inform the FCA. The fine set was paltry.

I think holders would be better off declining offers unless they valued KOD at a proper value as long term it could be valued of multiples of 1p.

Kod is up 0.015 today, that is hardly a spike. It went from this level up to 0.85, that's probably more like a spike. The reason this is going up is because the presentation was encouraging. There are no doubt pumpers and dumpers in operation here but do the research. A potential of 50mt is big and this could again increase in the coming years. In my view the shares should not be this low but that's my personal opinion based on my own research.

Perhaps but I think it's better rather than having a big spike up and coming off to having a gentle ride up as and when the news filters out. Going for 50mt this year shows they mean business. I'm still buying and over 0.5%now.

The Bougouni mining area covers circa 97km sq. so the figure quoted today of 50mt could increase yet again with more future drilling. Personally I think KOD deserves a much higher mkt cap than £62m.

Hopefully we will get some more news on the gold front by June.

A very clear and precise update though. Bernard keeps ticking the boxes and as shareholders we are fortunate to have him at the helm.

I would like to see some news on Nielle or Fatou before agreeing to a buyout. Although 1p may seem attractive in the short term the company could be worth quite a bit more. The share price should be a lot closer to 1p to where it is at the moment, but that's the markets illogical behaviour for you.

The shorts may not be getting burnt now but they probably will when the next RNS arrives.

The tide will change soon enough. I think most have forgotten that it was only a few months ago that KOD received $117.75m. Considering the mkt cap today stands at £57m it makes a mockery out of the market and the extent to which a hedge fund/investment bank can manipulate the hell out of a company. It just stinks and I would love it if Bernard suspended KOD and then came out with one of his very long positive RNS's.

I think that would be a good idea as Kod is plainly viewed as a lithium explorer/miner.

All of the news flow has been about Bougouni, surely now that's fully funded etc they should be spending more time on the gold projects and making the market aware about the potential of them. Perhaps this would put a floor under the share price at the very least.

I'm concerned that the mkt cap has fallen below £60m.

Wace were also shorting Currys up until recently. This happens time and time again where hedge funds short for the vultures to pick up companies on the cheap. The FCA need to wake up to this practise. So many UK companies have been taken over cheaply mainly by US companies. The BOD of currys have done the right thing in rejecting the offer as it clearly undervalues the company. It will probably be trading over £1 in the next couple of years anyway so why sell now at this price.

It's a great twist but surely it would only be fair if you could do it with all assets. I don't think bankers, hedge fund managers and politicians would like the idea of you selling their houses and just flippantly saying it just makes a better market etc. If anybody thinks it's fine then ask them if you can borrow their house to sell. After all the UK house prices have appreciated way beyond the FTSE100 in the last 20 years so if it good enough for the goose it's good enough for the gander. Start selling their houses and see how they like it....

It equally wouldn't take much buying to get past 0.5p. As a number of us keep pointing out KOD has gold projects too. In fact 5, so in reality as a company it's more focussed on gold than lithium. Bougouni is fully financed etc and won't be producing until the end of the year and the lithium price could well be rising again by then. Even if lithium stayed at the current price Kod would still be profitable unlike others. Kod has no debt and is fully funded on Bougouni for production and has additional funds for drilling which will increase the resource significantly.

In my book Kod are in an enviable position. The deal on Bougouni has massively de risked the project and to boot has provided funds for extensive drilling so the gold resources can be proved up. Bernard has done a bl@@dy good job and should be rewarded by a much higher share price. It's best to back a winner rather than a dud and I will stick with it as I'm sure we will be in for another great year and beyond.

Sorry, the actual target price is 1.85. Let's hope it is revised to 2.85 when the gold drill results come through. Although the gold price has come off a bit today but it's still just below $2000. I know all the focus has been on Nielle and Fatou but I wonder if much work will be done on the others.

I would have thought the offer was for either Nielle or Fatou but with the increase in gold since then the value will be higher and this will only grow with positive results. You never know Hainan may want to have another partnership with Kod but now they are KOD's biggest shareholder could this be considered a conflict of interest?

Hello Speedy,

I agree with Laverda that 1p is too low as the gold could be another game changer. A broker valuation is currently on 2.85 this will no doubt increase when we get some gold drilling news as I don't believe much value is given if any to these projects. I think KOD has a bright future and it's just a matter of waiting for the RNS's which should be plentiful and positive this year.

Market cap now £64m. Considering the cash and the gold portfolio the market has a negative value on Bougouni. This nonsense has to stop at some point.

Is it Hainan hedging their position or Suay Chin selling? I think it has something to do do with one of these, surely though if it was Suay selling, Hainan would have taken them off their hands.

I don't think that hydrogen will be a threat to EV's in the car market but you never know, it may be why the Chinese have been stockholding platinum. China have circa 80% of above ground stocks of platinum and the rest of the world are running at six weeks of demand. That's a very precarious position to be in considering about 70% of production comes from SA (Eskom, political and threat of striking) and then 10% from Russia. I think platinum is a good bet for the next five years but not because of hydrogen cars.

Look at the infrastructure spending for EV's compared to Hydrogen. EV's are here to stay.

Well Elcobbledore, let's hope Lithium is close to bottoming out and then sentiment will change with it and hopefully we will see a rise in the price.

I think the market in general just sees KOD as a pure lithium play, so perhaps when we get news on the gold projects it will ignite a bit more interest as I don't see KOD as a one trick pony. I have high hopes for Nielle and Fatou going forward and now Bernard has got Bougouni to this stage he will be able to dedicate some time and what a good time with gold over $2000.

Hello Elcobbedore, I quite agree with most of what you have to say but why didn't these traders sell higher if they didn't want to wait for a year before production as they had plenty of time to do so at much higher prices. It seems to me as though the price is being reigned back. I appreciate the lithium/spodumene price has declined but the NPV figures were based on realistic spod prices.

Surely I'm not the only investor here perplexed by the drastic fall considering Bougouni is de risked and is fully funded into production. Some talked about dilution as an excuse but again we all knew that Hainan were investing $17m into Kod. It just seems rather odd that we are sitting at around the same price or lower than pre licence and funding.

If you truly believe that Wace have this well under lock and key then good luck to you. As you are going to need it...

The news coming out of THG is getting better. They are in two good sectors with beauty and nutrition and I'm sure ingenuity will prove it's investment in time. THG represents a great recovery play and its probable that a takeover isn't needed to get this to 170 plus.

The current share price does not reflect the true value of KOD. Considering Bougouni is fully funded into production and has cash to prove up the resource significantly, not to mention the £10m for proving up the gold reserves, yet the mkt cap is £66m. This is ridiculous as the mkt cap should be double this at least before production.

Hainan I'm sure would prefer to have 100% and let's face it they are in a precarious position if the Malian's delay the transfer. If they take over KOD they won't need a transfer, so KOD are in a different position to say many other explorers.

Someone has been keeping the price held in this range, why?