Member Info for ARahim

try to understand what point 3 says and the implecations on the next fund raising. forget about them and us; directors and PI's.

This is what have being reported from the agm, If you can't draw any conclusion from this, nothing would help.
1) all resolutions were duly passed.
2) The JORC Resource Estimate places the Bougouni Project in the top 15 hard rock lithium projects globally and was calculated using only three of the eight currently recognised prospects demonstrating the significant exploration upside potential remaining across the 450km2 project area.
3) The Bougouni Project and recently acquired 200km2 Bougouni West project are located in an emerging lithium province that is already attracting the attention of investors and off-take partners interested in securing a long-term supply of lithium.
4) With the support of its strategic investor and off-take partner Suay Chin International Pte, a Singapore-based lithium and chemical trader, Kodal Minerals is well placed to continue its ambitious development programme at Bougouni.
5) Further to this, Kodal Minerals is the manager of additional lithium and gold projects that are undergoing low cost exploration programmes in addition to JV funded gold properties in Cote d'Ivoire that offer potentially significant long-term value.
very promising statement from Kodal, They have plenty to explore, production, and a strong finance backer.

Michael04, SC decided that Savile Row suits are no good to be worn for few days only, they decided to get more land to secure length production and hence lengthy time for Savile Row suits in the future. This is why I see the next fund raise to be quite a strategic move, and good jump in sp.

1) all resolutions were duly passed.
2) The JORC Resource Estimate places the Bougouni Project in the top 15 hard rock lithium projects globally and was calculated using only three of the eight currently recognised prospects demonstrating the significant exploration upside potential remaining across the 450km2 project area.
3) The Bougouni Project and recently acquired 200km2 Bougouni West project are located in an emerging lithium province that is already attracting the attention of investors and off-take partners interested in securing a long-term supply of lithium.
4) With the support of its strategic investor and off-take partner Suay Chin International Pte, a Singapore-based lithium and chemical trader, Kodal Minerals is well placed to continue its ambitious development programme at Bougouni.
5) Further to this, Kodal Minerals is the manager of additional lithium and gold projects that are undergoing low cost exploration programmes in addition to JV funded gold properties in Cote d'Ivoire that offer potentially significant long-term value.
very promising statement from Kodal, They have plenty to explore, production, and a strong finance backer.

thanks gfd, James, we are talking over take agreement, not under take... that will come when time is ripe. but you need to prepare some savings for that too.

It appears to me that most of us are confused in interpreting the info disclosed so far by Kod.
Unlike any company looking to satisfy the market, KOD is not obliged to do so, as they have strong backer from the start.
This is clearly visible in going for land grab instead of showing concrete results to the market. KOD share holders are not used to fund raising because they'v being masked by SC large contribution for a while now.
All the negativity resulting from the fear of BA being in line with SC targets and serving his goals to lower sp and offer them a low entry level. This theory does not hold for a single reason: not all share holders will sell at a low level even if it is for a hostile bid. if SC has to start a hostile bid after the first day news will be public and sp will be in the skies. if SC has to offer 70m, they have to match the true value of the stock not the speculative value.
If SC say OK it is all good but it is not the right time for this, KOD will be forced to acquire funds for two to three year low operations period to increase proven stock. This option is not likely to hold, since we are at the most low level in the lithium cycle, any delays to make a kill now, will cost SC dear in the future.
all other speculation about dodgy dealings and mismanagement are mainly used by traders to lower sp for their benefit.
I repeat it again, don't count on emails to BA, he might be diplomatic in answering your call, but he is not allowed do disclose any sensitive information. Listen to the agm to get the right info.
I personally expect this to recover soon staring from Monday.

This conclusion is in line with the off take agreement. as it states clearly the intention of SC extending the off take from 20 % to 80-100%. From my side as I see it it is 70m for 80% ownership and 100% off take agreement. That is 25-35p sp before production. production will be another sp.

don't worry gays, SC being pushing for this strategy for a reason 'land grab first'. they are not going to run away now. As BA said in the investors inteview 13.20m 'our major investor given indication of support for funding the development'. It will be SC providing the 70m funds, the price will reflect BA negotiations skills.
https://ukinvestormagazine.co.uk/kodal-minerals-presents-at-the-uk-investor-magazine-summer-investor-evening-july-18th-2019/

spot on sxxswe, unlike MLL 'done a lot of digging to prove resources', kod done a lot of acquisition to get their hands on more resources. KOD may prove to have more resources than MLL but don't bother about proving them yet. They have done some digging here and there to match Assays with facts but left the hard work to after production.
The strategy of both company is explained by the fact that
MLL is looking for the market for finance.
KOD has a strong backer on board.
KOD strategy is tougher on PI's but if they stick with their shares they will have the profit.
as BA said we are in a much advanced stage than most lithium companies.

good find SorB, The future is EV despite resisting forces, change is not easy, but it will come.
Kod will go to production and from there any more digging will be self financed. It is amazing how big the area kod has to cover in the future bogouni west alone is 100 square km. what have being achieved so far is just the beginning.
SC is positive, and I have big faith in their hint to support production.

what I want to say is, all these are happening under the nose of SC and they are not saying a thing about it. what you may not know is, in Africa people do not do business strait with the government there is always a middle man to collect the dues on behalf of some higher chief. this is why getting locals on the side of a business is always good. you can not do business there without protection. It it happening almost every where in the third world countries not only in Mali.
It is called the business environment.

straightntrue, why don't you send it to FSA for investigation as BA did not bother to answer?? If it is facts as you state.

BiB, good to do the calculation right. 0.265p a share is a serious commitment from SC.
Recovery will be supported by two things:
1) FS derived from existing resources and
2) Extended forecasts built on existing resources extensions.
The drills are expensive not like assays. This is why there will be extensions in the future given the success of FS.
This is what BA is trying to convey:
Assay results demonstrate great continuity & width of pegmatite mineralisation leading towards an updated mineral resource at #Bougouni.
raising cash for the plant require good FS and good forecast for the future extensions. we will see what the results will be.

just a smll correction BiB, SC bought the balk at 0.38p then bought less at 0.13p then a tiny amount at 0.08p their average is 0.31p.

telprint, I've being fallowing this share since it was 1.20p then 0.8 then drifted to 0.04p and I kept it. then it goes up again. to 0.55p I recovered all my losses and make handsum profit. I believe this cycle is going to be repeated soon. at least 0.3p hang on to your holdings.
sales is very thin, any good news will see this returning to strong figures. if you count all shares sold bellow 0.1 they don't add up to 2-3% counting repeated trades.

what trillsg missed is the electrolyte that should gain or loose electrons to store energy in carbon cells. this electrolyte is still a dream, that do not catch fire. but it has to be of ionic nature.
using only an advanced form of carbon combined with a new type of ionic electrolyte, C-Ion cells cannot catch fire because there is nothing inside that will burn, while the ionic electrolytes act as a fire suppressant

daza, again, there is no carbon ion that could be used to store electricity. if you look in the periodic table carbon is in column 6 and has 4 free electrons: it means it is not positive or negative for that sense. ions are usually from the column one in the periodic table where elements are electropositive. carbon cells will be used as boxes to store lithium ions. this is what nano technology is all about.

here is what experts say about lithium future.
https://www.youtube.com/watch?v=fWkPh7JEBaA
it is all bright in the future.

daza, in the link bellow there all graphine batteries and all of them use lithium unless you come with another ion.
https://www.nanowerk.com/spotlight/spotid=5210.php
see the pictures link bellow

In short, lithium Ions are here to stay, but how to store them is a matter of improving tech. here are some example
https://www.nanowerk.com/spotlight/spotid=5210.php
Lithium from rock is the best with shorter production cycle and less risk to environment.