Member Info for ARahim

the bargaining power of kod is:
1) it is next to MLL, that is very interesting for economies of scale, as any buyer of MLL would like to extend his holding in the same area for monopoly and mining life and expenses reduction.
2) kod has significant concessions that may prove very valuable. especially those close to MLL mines.
3) there are other consumers of lithium not only SC.

here you are negative again, BA and SC have conflicting interests otherwise what is the use of BA if he takes sides with some of the share holders at the expense of others. This is a healthy position. money for investment is governed by serving self interest first. kod want to maximize return, SC want to minimize cost, nothing wrong about it.

In short BA and SC are not friends as some try to paint here, BA and locals and insiders are one lot that is supposed to benifit from the last cheap fund raise, sc was involved as an insider not as a major holder. the serious fund raising that will come next will be a significantly higher price.

SC, is still a part of the market as you put it, and they can provide cash when asked to, they already contributed to the last cash if is was not to BA greed allowing some bankrupt agency to contribute towards £200000. I bet they were friends or have some mutual benefit with them 'BA and the agency'. SC did not get a change to contribute more at this time, this is how I understand it, now BA is in the open regarding this missing £200000. it was a bet that did not turn right. SC is heavily involved here, and they can contribute when time comes. It may be not to the liking of all share holders but it will certainly a price well above this poor sp. I can't find any other interpretation of SC promising to raise £70 m and fail to contribute more towards the last fund raise. SC bought at 0.38, 0.13, 0.08p.
It was BA who was trying to marginalize SC till they get higher sp, may be after some drill results we are expecting soon
I really don't blame SC if they want cheap price, but when it comes to buying large shank of kod it will not the sp price but it will be the market price of such commodity that counts. lithium is in short supply and getting shorter soon, and we have the agreement that need to be upgraded soon when production criteria are made public. I think this is the logic behind convincing locals and insiders to contribute towards the last fund raise at 0.08p.

BA stated it clearly in minute 13..
Our strategic investor has given indication of full support of funding the development.
it is all up to getting the fs now, the £200000 is irrelevant now that we have canceled october drills.
we still have end of June drills results not delivered yet. expected any time now.
https://ukinvestormagazine.co.uk/kodal-minerals-presents-at-the-uk-investor-magazine-summer-investor-evening-july-18th-2019/

thelink is
https://ukinvestormagazine.co.uk/kodal-minerals-presents-at-the-uk-investor-magazine-summer-investor-evening-july-18th-2019/
minute 13

it is all explained in minute 13..
Our strategic investor has given indication of full support of funding the development.
it is all up to getting the fs now, the £200000 is irrelevant now that we have canceled october drills.
we still have end of June drills results not delivered yet. expected any time now.

never mind SorB, I was looking in the wrong page. I found it. thanks.

Thank you SorB, can you provide a link to the Perth info. cheers.

with abundant coarse spodumene minerals
The drilling programme consisted of 4 drill holes for 474m with all holes intersecting pegmatite veins, with a thickest intersection of 22m from shallow depth in drill hole MDRC130. The drilling has been completed on a very wide spacing and will require follow up drilling to define the pegmatite veins and potential for additional mineralisation to be identified. The assay results are expected to be received shortly.
we have already supply for 3 years coarse spodumene minerals supply for the DMS plant. Morigo could easily extend the DMS operations for few more years without the need for filtration.

gold being explored at no expence to kod: we have 25% right to this gold project
Kodal will remain "free carried" through to completion of a Feasibility Study.
o 10m at 2.00g/t gold from 26m in drill hole NLRC0004;

o 8m at 4.26g/t gold from 8m in drill hole NLRC0006

Including 2m at 11.63g/t gold from 10m;
o 14m at 1.73g/t gold from 26m in drill hole NLRC0008;
o 26m at 1.95g/t gold from 32m in drill hole NLRC0012;
Including 4m at 5.51g/t gold from 42m; and
o 26m at 1.79g/t gold from 108m in drill hole NLRC0018;
Including 2m at 6.07g/t gold from 110m.

lengthy and detailed rns;
more lithium deposits found
gold assets seem strong and under development.
cash cover to 31 march 2020
good progress on lithium project development towards production.
sounds good
we hope sp strengthen before next cash raise.

China is very determined to support EV despite trade war with Trump, expected surge in lithium demand. No tax on EV in china to promote sales.
https://uk.finance.yahoo.com/news/china-exempt-tesla-cars-purchase-123002347.html

prem, ceased to release the frying aroma; I think it is done. This one is still kicking.

certainly both possible sources of fiance they will try to get the best deal, SC or others. as soon as the financing is agreed, kod will be covered for at least 2 year including exploration, as they could do some savings here and there and come with a two years exploration expenses. when production starts the sp price will appreciate significantly. this is why I think SC would like to get his 80% hold secured early then they can manage to buy the rest. simply I can't see SC allowing others to be part of managing a company SC intends to buy its output. they will try hard to internalize the cost as well by buying as much as they could, employing chines engineers and doing massive savings.

as I suggested before, a 0.30p to raise 70m form SC will give SC 80% stake.

sxxswe, I agree with what you said except the raising of £70m, raising this sum is not likely to depress the sp, it will push it up;
the fund raise for this sum is not likely to be close to the current sp. it should reflect the market price for lithium ore which is about 0.30p 0.60p at the moment. the speculative market price for sp does not count, as it is within the hands of small PIs only.
otherwise why not let a bid for the whole company take place and we will see where the price will end.

success being accumulated, since it is like day light. Then the TTNN would not even able to face the light let alone speak out.

Presure on south America lithium producers
https://eandt.theiet.org/content/articles/2019/08/lithium-firms-are-depleting-vital-water-supplies-in-chile-according-to-et-analysis/
Angela Merkel
We'll have one million electric cars on roads in 2021 or 2022 - Merkel
https://uk.reuters.com/article/uk-climatechange-netherlands-germany/well-have-one-million-electric-cars-on-roads-in-2021-or-2022-merkel-idUKKCN1VC1JA

Yes agreed on both counts, you can't draw a contract on something you don't have 'scoping study'.
the haggling tool is the plant cost. kod does not have the money and SC want the lithium.
as I explained before logically it may sound correct to raise the cash 70m from sc at 0.30p 'ore value' a share, that will give sc 80% holding and give us the plant and chance to see profit in the future.
returning to the prices I suggested bofore regarding sp value at production or 2p - 4p that of course did not include this dilution or 70%. so expected price at production is likely to between 0.60p and 1.2p