Member Info for 100notout

As the Bishop said to the actress.

With the share price at these levels I think we could see a placement at around 55 in the coming months. I think the share price has been pushed up for it and it looks a bit high having said that a bid from the likes of LVMH is a real possibility. Personally I wouldn't want that as I think Chapel Down has a bright future as they are making some fantastic wines and I can only see them only getting better with a greater understanding of the terroir.

My only concern is how they are going to fund the new winery. I expect a share placing will happen in the next 6 months, probably the reason for listing on AIM. I think the latest shareholder survey was a fishing exercise to gauge shareholders ideology of investment and will be a baring on how they proceed with regards to financing. I doubt it will be solely done by borrowing.

Said the Nun to the Bishop...

I think you will find that Kod have £11.2m in the bank but they have 49% of the JV which had cash as of November of $100m.

This time last year I remember all the doom and gloom and certain posters were saying this was going to 0.10 etc and then look what happened. No doubt the same will happen again as the lithium price will recover and with gold currently priced at $2070 it won't be long until we get some updates on drilling and potential deals.

This year was pivotal for Kod as we now have a partner for Bougouni and a big increase in resource, this is huge news yet the share price languishes at these levels. It was higher in mid 2021 with no licence and no partner. Kod's price is clearly being manipulated but the true value will prevail in time. Bernie will come good for shareholders again in 2024 as he hasn't let us down so far. I would believe what he has to say rather than a lot of fake news you read on these boards.

If you haven't done so already use the filter button and refrain from communicating with certain posters. Wishing all genuine Kod holders a happy and prosperous new year.

It's the Chinese playing the game. It's called suppressing the price until we make an offer.

The best thing to do here is to use the filter button and not feed the trolls. They clearly have an agenda, best ignored.

Perhaps Kod should commence a share buyback at these prices. Kelso recently took advantage of their cheap price and used the last placement money to purchase, they are up about 40% since. Kod should use some of the $17m they received from Hainan.

I think that Hainan will pounce before Kod gets into production. The signs are there for all to see, the manipulated share price and the constant bashing by rent a moron turning up on BB's like this. I have seen this happen so often. Let's hope Bernard can come out with some good news to support the share price. The share price should not be in the 30's at the very least it should be in the 60's with the financing in place and an increase in resources. I think Bernard must be scratching his head in disbelief but I just hope he's on top of it to fight off a low ball offer.

I think most were expecting the price to be higher but my view is this is being kept low to accommodate an offer by Hainan, so they can say the premium is 80% higher than VWAP etc.

I don't buy the falling lithium price argument as the price never effected Kod's share price before. Kod are not only fully funded but they have $17m for the other gold projects, there could be a counter argument saying they should be worth considerably more with the price over $2000. This fall was orchestrated and Kod's share price continues to be manipulated.

The new drilling campaign was set for the end of November so unless there has been any set backs we should be underway. They will continue drilling Boumou and the Sogola Baoule prospects but what will be really interesting is to see how they get on with Kola and the Bougouni South which are not in the MRE at the moment. There is plenty of room for the resource to increase way beyond where we stand at the moment. Kod we be a low cost miner so it will have a bright future as higher cost producers will be axed or mothballed.

Kod's share price increased on the last resource update, no doubt it will on the next. This is just not a case of waiting 12 months for the mine to be built. We should see more news on the gold projects too. Remember the naysayers are here for a reason and that's to get your shares at the lowest price possible. You have to ask yourself, would you really want to go onto another board and trash a particular company...

It's got ridiculous here unfortunately. Kod are now trading at a 20% discount to Hainan's buy in price and we aren't far off the cash value of the company. The market at the current price is basically evaluating the gold prospects and Bougouni at 0.

I think a takeover is a likely outcome but I think it will be higher than 0.91. I think a fair value is close to Cannacord's 1.85 but because they have managed to bring the price down I think 1.5 seems feasible. Hainan have no doubt had a good look at the gold prospects which they may also like especially considering gold is trading at $2040.

The fact that there has all of a sudden been a de ramp considering as Bernard has quoted that Kod haven't been in a better position for a long time seems rather odd. I would have expected the price to fall to these levels if the funding had fallen through but it hasn't. I don't buy the reason to falling to Hainan's buy in price either because the resource has grown close on 40% since then and no doubt it will grow a lot more. It would seem there is foul play at hand.

Hainan could easily support the share price by increasing their holding but they're not. This makes it seem more plausible for them putting in an offer. The whole sell off seems orchestrated to me.

These are the times when Bernard should do interviews. Their brokers must have an inclination to whom is selling apart from the ex directors and if it's Suay Chin it looks like game on for a takeover as Hainan would have snapped them up.

An £80m mkt cap doesn't make sense at all. Suay Chin could be selling down but why now? If it is them I'm inclined to think that they could be doing it for the benefit of Hainan so they could put an offer in. Bernard is in Australia and Steve is in S. Africa and it's December, a good time to strike from their prospective. This is pure speculation but can anyone give an explanation to why this is down. I realise that the lithium price has come down and a few directors have sold shares but supposedly for tax purposes but this just doesn't add up. I took advantage and picked up another 15m.

Totally agree ecobbledore. I think Bernard and Steve better get their buckets and spades over at Nielle pdq as gold is over $2000. It shouldn't be too difficult to drum up some interest at these prices.

As stated the share were sold to pay taxes which is quite a common practice. Wooldridge resigned to make way for Hainan's appointed directors to the board. So he is no longer a director. I would consider the fact that the remaining directors haven't sold is rather positive.

I don't think it will be a long slow climb for the next twelve months as we still have plenty of advents which could really increase the share price such as; the Malian government signing off fully, resource upgrades, increase in the price of lithium, news on the gold projects etc.

You only have to disclose shorts over 0.5% however not all shorters disclose as ARCM an operation from Hong Kong didn't disclose their 16% short on PMO. The FCA gave them a little slap on the wrist. I think that Hainan want the whole pie so it's in their interest to keep the price down so a potential offer of 1.2p looks good. They can keep chucking in 10m shares to subdue any rise.