Member Info for ARahim

Jimbo, the only facts there are the warrants are owned by long term share holders who may be first invested at a higher sp, for them these warrants are a compensation for backing ecr during hard time. The proof is; most of them are not selling at this level. Once this fact become clear for new holders, so will move up. Tomorrow we may see the crowd jumping back.

What is holding sp down is the expectation of new warrants sales on 30,31st which is not going to happen. By Friday close this may touch 3p. This is if there are no rns by then.

Warrants are money in ecr bank as we!l. Besides, not all holders will sell this low. They are existing shareholders who waited for years to see a return on their investment. Some of them still have higher average. Given what ecr holds it is not wise for most of them to throw the towel at this stage but I expect some of them to sell just to finance the warrants.

Given the fact that kodal lithium is a subsidiary now and intended to be managed by a contractual, this consolidate the way SC and BA are managing things for years now. It is obvious as predicted that providing finance will not come without strings attached. SC and backers would like to manage the lithium project as an independent company to insure timing of deliveries and quality output, hence insure their large investment ~ 120m will be productive. Now I have no doubt in my mind that all contracts are already drafted and all sides agreed to move forward, waiting for ML and OTA signature.
This is on line with the last fund raise to insure the geological team have something to do while plant is build.
kodal has substantial deposits to prove besides the 8.5 years available for production. As to the extra work on fs, the parties going to finance the plant are not SC alone hence the required extra tangible facts.
This is good for kodal as it will reduce our responsibility in delivering in time and it will bring experienced plant staff.
I think the last cash raise will be the last in the name of kodal, the coming ones will be for gold subsidiaries only, after we get some results from them.
The Malian side is delaying the delivery of ML partly by covid19 effect partly by the political turmoil there, as politician are likely to be more involved in pulling strings rather than doing departmental work.

To be run by contractor, guess who is the contractor??

Or something has being already signed using previous mcap.

Since shares has being already sold. What is the difference 22 or 30 jul??. This shows how thin ecr
is on staff regarding website and double checking documents before publishing.
2 corrections rns in a single month.

Komar, you can listen to the link in Sat 20:36. Clearly ecr are in discussions regarding jv or farm in but they are not going to sell cheap. The rest is the same as before.

For me only formal declaration can make or brake, I a.m. here for the big prize. Traders are free to be pessimistic as usual. I don't build on small changes. I've seen traders lower sp to 0.001 for no obvious reason, but they will kick it to heaven when times come.

Yes, I've seen all those posts. The rns was highlighting the projects under investigation from outsiders, they are all in the South eazt. it did not say windida is no more there. Since windida is far away in the North West i guess it was treated differently.

It is a good opportunity for sc and backers to join forces of ko d mll and make a single mega project.
Mll cash needs may oil the wheels.

FatBoy, try to stay still and see what will happen to the sp.
We are happy to have you with us, we can use you to control sp.!!!

Windida presentation is still showing at investors tab. Small cap companies websites are always behind.

Are we expecting any news other than jv or farm in deals?

Waiting for 22 July expecting 1.3 new shares to be trade. Since the new shares are owned by existing shardholers, they are already forward sold.

Mll could be the next target for chinese bail out.
https://finance.yahoo.com/news/mali-lithium-asx-mll-good-230136481.html

May be SC is more intelligent to base his decisions on temporary events. They have taken a strategic decision to finance kod, 3 years ago, when data about what kod have was very limited. Their aim then was to get in and get the right information to de risk their future big investment. That 4.5m was spent basically to make sure they have the right info and the upper hand in future contracts. They guided BA to acquire more land. Now they know what is in the ground and they know what is coming as market demand, although they care about their stake in kod as BA said in one on his interview, their main profit will come from the cut they make in selling contracts for years to come. Their stake in kod is still > 20% and it has already served its main goal.
As to the last finance, RF being offered warrants on top of interest, that is to say their option to convert is the last option to them in case kod fails completely to get any funds from other sources to pay them. There is no dilution yet. It is just a loan at the moment.
Why SC did not sell and move away? simply because they are going to build the plant, simple. SC is not an ordinary share holder like you and me. He is our future supplier and distributor.

May be ba is banking on some events to happen, like sale of gold asset or passing time reduce rf convertible stock before sp rerate.

Rf is not a long term investor, they lend money for profit. Sc can not make a move before ml as ota is the instrument to obtain finance. kod still have the option to pay back rf in full before maturity.
I don't know which one is stronger in the case of ko d want to pay back and rf want to convert in the same time. There two conflicting clauses there.

Warrants holders not bothered to exercise at this level. This shows the level of confidence in sp surge in the future.