Member Info for ARahim

No one is expecting a final agreement before the scoping study. but the next two months will be enough to clarify the position of each party. The fact that SC is increased his holding and BA is positive on progressing with the mine building in this period speaks volume for the path ahead.

as to the rns 03 Nov 2017. as it is on kod page on LSE:
In addition, completion of the Subscription Agreement includes an undertaking for the Company and Suay Chin to seek to negotiate an extended off-take agreement ("Off-take Agreement") on the basis of the agreed Off-take Term Sheet, as previously announced on 8 May 2017. The parties will commence negotiating the Off-take Agreement as soon as reasonably practicable following completion of a scoping study at the Company's Bougouni Lithium Project in Southern Mali (the "Project"). The Off-take Term Sheet sets out certain agreed off-take principles which will be incorporated in any Off-take Agreement. These principles include the parties agreeing to buy and sell between 80% and 100% of the spodumene product produced at the Project for a period of three years as well as the right for Suay Chin to match any third party off-take terms agreed for a further period of three years following the expiry of the Off-take Agreement.

daza, this link explain the content of the agreement in the last paragraph, after we finish the scoping study we should negotiate with SC about the last 100% off take.
https://www.miningreview.com/west-africa/kodal-minerals-finalises-equity-agreement-suay-chin-international/

sorry the second link is :
https://www.miningreview.com/west-africa/kodal-minerals-finalises-equity-agreement-suay-chin-international/

here are two links to SC agreement content:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/KOD/13419168.html

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

you did not even notice SorB, post about problems facing southf america lithium.
https://eandt.theiet.org/content/articles/2019/08/lithium-firms-are-depleting-vital-water-supplies-in-chile-according-to-et-analysis/
Mali lithium is going to be a success.

No, I am not one of the BOD, but if you are investors here It does not make sense to continue crying all this time, sell and free yourselves or sit and wait, stop behaving like kids. I myself experienced bitter losses but crying did not help.

This board is really a black mood factory, I understand why BA said the main share holders are backing him. The small PI's here or most of them are turning into a mourning board. no logic, no patience either. I don't know why should BA abide by the rules with a non abiding lot with even the ethics of criticism!!!
shame on you lot.

Thank you SorB, demand on our lithium in Mali could be a very successful alternative to brine lithium.
This board really is changing a quarrel arena. every one is picking on empty comments.
leave the young lad in peace gays.

you are welcome, for me spoken words and written ones are like smoke and fire. they can't exist separately.

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

daz, from the agreement we have with sway chin, he is keen to complete the off take agreement to 100% subject to scoping study, BA, in the last investors meeting said; please check after min 11:30 and after 13:10, he clearly suggest that he has received some promises in this sense.

1) BA will not step down before or after the agm, the reason is that: He has to finalize the agreement with SC as stated in this link according to the last paragraph, He may step down when the final fund raise for the plant is fulfilled and SC get his agreement signed. I guess that makes SC 80% holder and may be 100% off taker.
https://www.miningreview.com/west-africa/kodal-minerals-finalises-equity-agreement-suay-chin-international/
“We are also delighted to be negotiating an extension to our off-take agreement with Suay Chin for up to 100%, increased from the 20% originally agreed, of the spodumene product produced at Bougouni. This off-take agreement is expected to be finalised following the completion of a scoping study. I look forward to providing further updates at this exciting time for Kodal Minerals,” concludes Aylward.

joeman1, what difference it makes as this is only a guiding figures when we start generating ~ £50m a year profit. even the 50 m is a rough estimate so as predicted by kod:
1.5m tons\year -> 170000tons concentrate\year at $500\ton ->> $85m\year revenue -> $40m\year profit ->> market cap $200m at 20% return\year -> sp of 2p. if the project life span increases and result more reliable you may expect 4p

stay composed gays, you don't like the way Bernie is conducting his plans, and he don't like the way you describe his performance, this was clear in his tone last investors meeting, he said major share holders are OK with his plans, the small ones don't really count, they can sell, they can buy and he clearly planned to match their behavior. he and his lot averaged down.

sxxswe, the days are numbered for the Boss at least as a head of this company, as soon as SC extend their hold, a production manager will be nominated. At the moment he is serving the purpose of SC, buy cheap, but how cheap?? by the look of it we have a bottom line, that is 0.08p + some profit for last buyers, we have a market bottom line, that is 0.30p and we have a production price that is 4p which one will be executed? I don't know. but things are about to change.

Demand is picking up, good news. soon we receive some good news, we get rid of soft shares and we get back to normality.
Demand in Chinese market is up.
FS is in good progress.
promised funding for plant.
the bright day is ahead.

they used (30:70) because Ngoualana has larger granes ore but the others have fine grane ore and Ngoualana represent 30% of the ore identified so far.

bb, the are saying:
DMS test work on the Ngoualana Prospect mineralisation returned primary concentrate grades of 6.0% Li2O at recoveries of up to 70%. That is because it has the large mineral grains.
· A master composite comprising 70% Sogola-Baoulé and 30% Ngoualana tested initially with the DMS circuit was followed by downstream flotation test work which improved overall recovery to 75%, producing a 6.0% grade Li2O concentrate.
so they are testing two option, as to up to 70%, that is because they used different cashing grades, one of them produced the 70%, not necessarily the finest one, as this will create fine dust which will need flotation.
so we have two paths start using the first option, it is cheap and produce 70% or mix the lot (30:70) and use the more sophisticated process and produce 75%.
If they adopt the first process, we will have 3 years production then we will need to upgrade to flotation. If we use the second process then we have to upgrade now.
so there is no cumulative process that will produce 55% as you are trying to infer.

So, the coarse grained Ngoualana mineralisation, has savings on the crasher, as it does not to be very fine and it has savings on the floating as it does not need floating. but as the recovery rate is 70% the rest of 30% will be stored till we have the more sophisticated process to use more grinding and added flotation to produce 75% return.
It is good as we will have enough time to make some profit and upgrade the process form the income generated. This as well may suggest that extending the other mines will be relaxed for a while as we will have enough time and resources to do so. this may as well suggest that funding will be from sc as there no pressure on upgrading the jorc before funding.