The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
The reasons are two fold. Thor have another tungstain project in oz which is more advanced, and secondly thor management are not very good at making good decisions and PJ has taken advantage of that.
MR 008
Stop dreaming and wake up. If you arn't invested now is the time if you are just relax and enjoy the ride.
DMS finance agreed.
Jv partner has bought stake in kodal at the same time. Enough money to built dms.
Money to expand resource by way of further drilling.
Money to drill bouguni west.
Money to continue defining resource at gold projects, fatou dabakala nillei all look and sound great.
I did not think this was possible in one RNS but it turns out it is. I am expecting to surpass prem MC by end of April if not earlier.
This is real news delivered by RNS not heresy.
ONly think you need to worry about is a complete takeover at these low prices by the jv partner or someone else for that matter.
That's right Lodes.
I wonder who bought that project? I Know Aura have a great uranium project called tiris in moritania. Could it be the same? Cant seem to find much about alba's old jv in moritania.
Getting rid of the irish licence a bloody sensible decision. Great step. Now lets move on with the money save lets buy a great asset somewhere in africa whre gov and people would wellcome the investment. Africa is filthy rich with minerals therefore it is for the board to decide but i would suggest lithium or uranium. Get rid of the horse hill asset too. Too many nimbys for it to be a success. The so called safe western jurisdictions have become economically impossible to mine on. Iceland is an exception.
I have made that mistake once with kodal. Back in 2021 I sold a few at 0.15 having bought them at 0.10.
50% profit it felt good at the time. Less then a month later it wet to 0.30 and i bought straight back. Lesson learned. Well done to all LTH for sticking to their guns. So glad i got out of prem and into Kodal, although prem is doing well too. Kodal has a better leader, resource, finance deal etc.
The RNS was absolutely brilliant. Better then i was expecting.
A company transformational deal really. Thank you Bernard, and as you said some people will take profits out but there is only one way to go and its higher. Hannan has offered twice the money needed for DMS. Money to expand drilling, and drill for gold too. Well worth waiting for. What a gem
If anyone needs a lesson on how an AIM company can succeed, pop over and have a look at kodal minrals. GReat ceo whose pay is based on share performance . Kodal having a great day today and so im I. Lithium is very hot at the minute given that is a crucial component of the cathode in a lithium ion batery. Now of course the other important component is the anode which contains great amounts of graphite. Will 2023 be the year of graphite? I certainly hope so.
Boom
Leo lithium just increased its resource by almost 34 mil tones, yet little or no movement in the share price. Just goes to show that market conditions for junior miners are a bit crap at the moment.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02621619-6A1131946?access_token=83ff96335c2d45a094df02a206a39ff4
EL
Ganfeng did indeed buy Bacanora out, but that was nearly 2 years ago and Bacanora"s sonora asset is a kind of lithium clay rudher then kodal hard rock play. Bacanora board was not confident enough to take it to production so they recomended the offer. Weak ceo whom had no real regard for shareholders or was in cahoots with ganfeng. Who knows. Some shareholders lost out, luckly i was not one of them. I would like to believe that here at kodal the ceo is on our side, is that right BERNIE?
Pointless exercise in my view. Whether is thor mining or energy, you not going to get people buy your story when you havent got a lot to show for over 20 years of drilling. Waste of time money and resources.
Has NRW finally come to its senses? People in the know getting in early.....
MoU with synohydro to secure finance and Build infrastructure announced few years back may just show itself again. SYno has great experience in building roads and electric dams in the region. Although the 6 month exclusivity expired long time ago we have had no news to say negotiations are terminated. Ganfeng may provide finance of dms plant and take say 30 per cent of the company. Ganfeng in the meantime can make great use of the dms plant in relation to their own gualamina resource. After all why have a dms plant running only for 4 years, why not allow leo and ganfeng run their material through it. Kodal and FFX now leo lithium did enter into an MOU a while back and the agreement was to share infrustructure and buy certain material to benefit both companies. The relationship is intertwined and my gut feeling is that Ganfeng will in the end gobble up both leo and kodal. IT might not be a bad think after all. The chinese have the know how as well as deep pockets....
20 k buy long time no see
Or could it be that ganfeng finance kodal DMS plant and then moves on to build one giant flotation plant for both leo and kodal in a few years. It' s a possibility
Indeed. I have no criticism to add when it comes to groc asset and progression.
After all GF did show us from his moblie phone pictures taken from a helicopter ride over those assets!!!!!!
Make of it what you will.
JJ
NO is the answer. BUt I know GF does read these boards from time to time , his words not mine.
HERE is the best case scenario as I see it: NRW gives go ahead to dewater within next 3-6 months.
ALba hires company to make safe shaft and dewater another 6 months. DRilling continues where water used to be etc. Then they need to prove a jorc compliant recourse. Environmental and impact assessment. pfs and BFS. Apply for mining licence. Secure mining licence. Apply and secure finance. Start building the mine. If each stage takes between 6 to 1 year you are talking at least 5 to 7years before they start to break ground.
Yes i know GF was saying that they are working on a plan on how to work the tailings but even that has no time lines. SO GEORGE if you are reading this for the love of god give us some timelines, whatever they are just say what you working on and how long you think it will take.
As for worst case scenario, I dont even want to think about it.
PS For any haters out there I only want to discus matters concerning alba affairs no offensive chatter.
Is GL a paid deramper? Who cares even if he is. I personally dont think he is. IT is more likely that he is a very frustrated shareholder. I am very frustrated with alba and the board. Nearly 2 years to get permit to dewater so that exploration can continue. What sort of investor is not frustrated with such circumstance. With gold prices at near all tome high, why is the share price at very close to all time lows. and the so called clogou premium and all the rest. Something has git to change.
No point blaming each other. Unless any of you are working for alba or NRW, YOu or I have no influence over this share. I want solutions.
We know there are at least 21 million tones of lithum spod in the ground ready to be mined.
Mining licence granted. High battery grade concentrate which fetches top prices. Talks ongoing to finalise finance of the dms plant. Bernard did say that he is talking to more than one party. All in all this is definitly heading in the right direction.
I expect financing to be finalised in the first quarter of 2023 and when it happens i also expect at least 30 to 40 % rise of the share price. I know is hard to be patient but it will pay off.
Surprised PJ has not followed with a stockbox interview, or has he?