Member Info for Bfdinvestor

You are correct to a degree badomen.

But there are three parties discussing the offtake in reality. Kodal's interests will be far more aligned with the government than Hainan potentially. The far better spod price gives options around seeking a competitive auction process as an example. It also means a far higher floor price can be discussed as another example.

Cholseyn the problem with this board is people who don't know what they are talking about or are uninvested trolls. Or maybe both

To look at your points.

What price did the sp close at on the 3rd March. Hint, it wasn't .33 as you state. If you believe AIM is a rational market, perhaps you can answer my question about the valuation discrepancy between Kodal and ALL

Hainan can't decide when the loan repayments are made. It is contractual. KMUk are entitled to all loans repayments before the government get a penny.

Hainan can't decide unilaterally what to do with all the cash income. Contractually Kodal are owed millions, which you don't seem to grasp.

Couple of things you are plain wrong on there choselyn.

1. Revenue so far is 89m

2. Contractually, KMUK are entitled to all loans paid before anyone else is entitled to anything. So, if Hainan tried to do anything untoward, given KMUK is a UK business, then Kodal have full legal recourse.

3. What does it matter how many other companies are in arbitration. The amount of money isn't material as I pointed out earlier and it's a sign of a grown up relationship that both parties signed up. As Bernard has stated multiple times, the working relationships are just fine.

4. We know the quoted AISC, we know the current spod price is more than 3 times that figure, so it's a racing certainty that we re making good money.

Perhaps you could explain. Why you believe Kod is so undervalued compared to any of its peers. Start with ALL as an example

Oh I do Leew.

I find them amusing whilst I've been coining it in on GWMO amongst others

Cholseyn

Lete explain why I don't read the RNS in the negative way you do.

1. You seem to think Hainan can do as they wish. This is a constant theme in this board and it simply isn't true.

2. It would be difficult for Kodal to include overall costs in it's interim RNS as these are things that are prescribed in financial reports. We know that, at these spod levels, each shipment is highly profitable, even if AISC is massively over the original assumption

3. Arbitration is a grown up process, i take it a sign of a relationship that hasn't broken down. kMUK owes Kodal atleast 10m dollars so the financial impact isn't serious even if Kodal loses, which is unlikely.

4. No corporation tax will be payable for years. If you go back over the RNS you will see that all loans are repayable to KMUK before any other commitments. The build cost of the mine was structured as a loan.

So I don't think you are reading things realistically

So those will be the results that showed net assets up Kat.

Maybe try to understand what you read before you post it for once

Steady, it's great to get the insight of a whole load of failed day traders.

It helps decide what not to do

No, not at all

That will be the stupid, manufactured spread again

Great to see that RNS

The April shipment should be worth high 30ms dollars and the June one above 40m dollars

Massively undervalued

Assuming you are able to understand them mouse, go and read the accounts

Then you will see how much higher net assets are than the market cap.

Always a possibility but with a market cap way below net assets it shouldn't really happen

At these spod prices, the revenue for the June shipment should be fantastic

Go read the accounts.

Money has been spent on Fatou and kod have good government relationships in Mali, so it's a totally different scenario

Lilpeep just filter the backward Kung Fu fighter

You will be doing yourself and the rest of us a favour.

That's a really interesting table thanks lilpeep

Really highlights how undervalued this is and how it has been played

I had a quick look at Rock Techy which has a similar market cap, they don't even have a feasibility study!

Terrorists rarely seem to realise that their actions can be counter productive.

I doubt many people in Sahel want to be governed by Islamic extremists

Good to see it seems to be settling down and fuel getting through

Yup so much nonsense gets posted in western press.

I guess it's the economics of falling circulation meas they don't check their stories properly anymore

A good and balanced article, worth a read and it's largely business as usual

https://africa.businessinsider.com/local/markets/gold-miners-press-on-in-mali-amid-rising-conflict-with-some-turning-to-self-funded/x06eetg

I just think the key thing is Kodal have no need to sell.

People talk about the 15m dollar arbitration but forget that KMUk owe Kodal 10m dollars and the figure is probably still rising.

Chinese like to low ball but I don't think they have the opportunity here unless something radically changes. Price of spod currently is a god send for P2 and more so for Kodal than Hainan from a negotiation perspective