Member Info for ARahim

in4cedros, Northern Mali is desert, remnants of el qaida are still there and may be Tuareg small insurgent groups as well. Mali south 'where the mines are' is completely different, mainly Bombara tribes with no hold of terrorists there, it is safe and secure. There is no mining in the north except some French presence to secure Uranium mines in Northern Niger.

daza and Bib, while you are de-ramping waiting for cash so you can average down, I have the right to state facts as they are :
You were ramping yourself yesterday, here is your previous post:
the trouble is Joe that the news due = zero add value apart from assays - mets but given the drill time to fs I have doubts that it will be significant. Price to enter or average down is bottom of cycle = about now imo. We entered too early - money back = yes, bags = maybe?

money back = yes, bags = maybe? but you would like to keep sp down to average down are not you silly 'bags'!!

exactly, by Christmas we will know, for now it is 50, 50. I did warn you that BA was against sp surge since the large sales at 0.50 p. He would like the sp to reflect the true value of the asset, but he's being very conservative in disseminating information regarding quality of assets since then. It is all dark as some try paint here.

by the way, BA indicated that land grab was according to SC direction, I don't remember where I heard BA saying this, so it was not just a guess. BA as well indicated that the new 2 locations indicate there is good resources there as well.

please, be aware that what BA and SC know about the project one year ago is made available to us only now after few leaks about:
Bougouni contain far more resources than what is proved 'in a tweet'.
SC is willing to finance production 'in the investors meeting'.
The new Bougouni program to extend resources.

daza, I believe that BA served SC interests in acquiring more land, rather than increasing proved resources, subject to mutual agreement that SC would support the company in developing the production plant. This can be inferred from BA saying 'our strategic investor indicated he is willing to support production'. This is why I believe the last cash raise is an exception which is not going to happen again. clearly after Bougouni new drills, things will change.

Yes, Bougouni is currently only 2-3 years. FS is done for the three mines = 10 years. if BA go for a wide drill campaign at Bougouni 'every 500-1000 m instead of every 50-100 m, he can easily prove substantial resources that could expand Bougouni life cycle to few more years may be 10 or more years, for Bougouni alone.
as to CHICO, once they are in the area, their main target will be to stay longer to maximize profit and minimize costs.

from a business perspective: Chico could be a major competitor for SC
CHICO with MLL agreement
https://hotcopper.com.au/threads/ann-mali-lithium-signs-goulamina-mou-with-chico.5038720/
The Moral side if it counts as well:
BA was implementing SC strategy to expend land holding rather than expanding proved resources, hence BA confidence in SC finance. call it BA naivety or not this is what brought kod to its knees regarding finance.

jeez daza, but we have a new neighbour intrested in lithium to take to china.

Joeman1, yes the last months trading was very thin and it does not take long to pass this stage in the case of good news.
as BA said; Key for us is to continue expanding Bougouni at 5:11
https://www.youtube.com/watch?v=Hbb3f_0CQLw
at the moment proven resources at Bougouni is 2 to 3 years production. by expanding Bougouni which should be significant as inferred from BA tweet:
Assay results demonstrate great continuity & width of pegmatite mineralisation leading towards an updated mineral resource at #Bougouni.
I expect SC to finance the project at least by a loan.
In the case of all good news regarding EISA, sample, FS, and positive drills coming back from Bougouni there will be a strong motivation for SC to finance the project at a higher price.

Key for us is to continue expanding Bougouni at 5:11
https://www.youtube.com/watch?v=Hbb3f_0CQLw

Bib, you know why uneducated people talk a lot? That is because they have relative personality, related to the group changing views. They have no independent personality of their own. They can't make their own decisions. That is what is happening with most of the traders. they flock together in one direction or the other. Fortunately for kod they are not a large group. the trading here is well bellow 1% in the busy day. when I see 10, 20 or 50% I know it is serious. For know it is just trading, Normal. Hope this helps you put away this childish behavior.

Bib, it is of no use to become rattled with every sp drop and start posting ****. Look at the bigger picture of sell and disappear

It is the usual frosty welcome to new share holders '31 Oct'. Typical traders behavior, they always think those participating in the last fund raise are going to sell if the price is higher. So the price go a bit lower than placing price. Nothing new. If the good news drop tomorrow they will have a hard time...

I don't have any problem believing that SC is ready to fund the production project even at this level of proved facts. The question is at what price? kod have more unproved resources. The key here is where kod is starting this October drills program.
I would expect BA to prove his theory about Bougouni first. "Assay results demonstrate great continuity & width of pegmatite mineralisation leading towards an updated mineral resource at #Bougouni". I hope this time they drill every 500 m in the direction of proved assays instead of drilling every 50m. At this stage we need strong proof of extendable Bougouni production life to start with. we have 5 more unexplored areas but proving Bougouni have more is the key to strong negotiation position with SC. If we can get a copy of Bougouni Assays and drilled area we can have good estimates of the extra resources there. The results of this drills will be available may be in January.
The questions are:
Where the new drills are?
How match resources is expected to add or prove?
How many years could be added to Bougouni as number one mine?

CRK22, it is the missed shank from the last raise, it is not a new one. If PI keep giving them the opportunity to get cheap shares they will do. cash is tight, but keeping the drills turning at this stage is not a necessity. I guess:
1) if they know FS is good and jorc can be improved considerably, given the assertion by BA "Assay results demonstrate great continuity & width of pegmatite mineralisation leading towards an updated mineral resource at #Bougouni."
and they know that SC is willing to finance the project after FS, then I can't see why the rush to sell cheap shares for the narrow circle. unless they are in a rush to prove more resources at Bougouni, where I expect the drills are happening, before major share raise for plant.
2) if they are not sure about the future of the mine, I can't see them investing their own money to support an ailing ship.

3) I completely disagree with those saying they are financing the last few months to keep their wages coming: as if they are willing to work for free these coming six months.
In this part of the world, managers has to keep some strong people on boards to insure support within the community, not just financial support.
we have to wait and see who benefited from these 0.05p shares, if we have a chance to do so, otherwise we have to wait for the FS and financing hard truths. my guess is the same lot as the ones paid 0.08p few weeks ago who contributed this fund raise as well.

it seems to me: shares for colleagues and friends, as the last one. They are having a lough before the big rise. The FS will tell the whole story.

https://www.mrs.org/press-room/press-release-details-page/2019/10/09/the-materials-research-society-congratulates-john-b.-goodenough-m.-stanley-whittingham-and-akira-yoshino-on-receiving-the-nobel-prize-in-chemistry-2019?utm_source=google&utm_medium=cpc&utm_campaign=nobel-pr&gclid=EAIaIQobChMI0amRgpy45QIVyLTtCh0dBwWEEAAYASAAEgIdivD_BwE

paolo111, when literature mix with science everything is possible. Lithium is number one in electro-positivity, it can only be beaten by Hydrogen, Hydrogen is a gas so to make a battery from hydrogen you need to allow you cell phone to be the size of a balloon to be able to charge it. strong electro positive elements metals don't exist free in nature and aluminum does.
Aluminum has 27 particle in its nucleus and lithium has 6. aluminum can provide 3 free electrons but lithium can provide only one much stronger electron than aluminum. So the weight for every electron provided from aluminum is 27/3 = 9, form lithium it is 6/1 = 6 .
So by simple calculations lithium ions are much stronger and lighter than any other element in nature '.except hydrogen'. As you said Aluminium could be used for larger cells not portables cells needed for transport in general. This ideas where around for a long time, may be some research centers are using it to get more cash from some nice folks. do you know how much energy you need to reduce Aluminum? that is the cost of reduction it is almost 90% of the sales price = 1£/kg

what matter is not the FS but the expected FS from both BA and SC. As Ba said "Assay results demonstrate great continuity & width of pegmatite mineralisation leading towards an updated mineral resource at #Bougouni." the drilled areas have more resources than what is proved by drilling so far. drilling is expensive. once FS is OK for the proven resources it can be extended. As I said before they went for drilling using 50m gap between drills. This is very narrow, but it helps assess jorc at a very good level.
BA is not forced to prove resources first, as he is not selling to the wider market. He and SC are aware of KOD worth once these resources are extended. The aim here is to convince SC to support the production, then kod will have all the time and resources to develop further. production for 2 years is just the starting assessment.
In short it is about BA convincing SC. SC were behind to extension of kod holdings of new resources rather than providing hard proofs of what is already there.