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Incorrect badomen. An expectation was set via RNS of 8k tonnes minimum per month. There is n logic at all in your comment that once an expected figure has been communicated, then they would move to no figure at all.

It's hard to imagine any exclusive agreement that wouldn't have a minimum figure Badomen, perhaps you could explain your logic.

So, in my opinion, if that changed, and the minimum was price sensitive information, then that would have had to have been communicated when the OTA came in to force

And it has come into force, when the export permit was granted, despite Bloggs protestations to the contrary.

Nope personally I don't think the minimum amount is price sensitive. There is a big open market we could sell on if necessary.

But that is irrelevant to the point I was making

If the minimum is price sensitive, as you seem to believe, then if it had changed it would have to have been communicated when the OTA went live. It wasn't

In short no

It may be Hainan provide an element of finance for stage 2, as they did with the 15m dollars.

Kmuk should have more than half the money to finance stage two this year, possibly considerably more, so I don't see a need for Kod to give away any of its stake in stage2

My personal view is that Hainan have already offered to buy us out but Bernard won't accept the price they have offered

We don't know the final quantum of the first payment yet badomen.

Kodal have stated 125k tonnes as the targeted production figure, so that is the figure they will measure against.

If the minimum threshold was genuinely price sensitive, then any change to an expected amount would have had to be communicated when the export permit was granted and the OTA came into force

Yes totally agree George

Steve is still a director of KMUK

The Bougouni operation is now well in hand

We can begin to broaden our focus

It seems tome that Hainan were the key driver behind the production of stage one plant, I'm sure that will be the case for phase two.

They will I'd guess follow the same process as phase one.

Https://dtre.com/search/properties/335381-debenhams-group-heasandford-industrial-estate-burnley

Burnley isn't closed and they are now keeping it and the 1200 staff.

So how is the site up for sale on a vacant possession basis

No I don't Badomen

The OTA is for a minimum of 96k. Kod have stated they expect to export 125k.

So that's the figure I expect progress to be measured against

Consultancy only pays when a contract is in force.

So unless we activate the consultancy contract it doesn't cost us anything.

He has a wealth of experience and loads of contacts, so as a non exec I think he will still add more than enough value

It doesn't need to be announced specifically

You stated the OTA wasn't in force. It is.

End of story

Incorrect Bloggs

The initial Off-Take Agreement is for a four year term with the commencement date set at the receipt of the Mali Government export permit.

I've never said it's running at 125k

What I've said is that the value Steve can meaningfully add as full time employee is done and there is an in country team to run the plant.

He hasn't left either. He is still a non exec and if there was a pressing issue then I'd guess he would be engaged via his consultantcy business

No it doesnt, what if theyre only producing 50ktpa sc5.5? How is that efficient

We know they produced 45k in a few months Bloggs.

What evidence do you have to suggest production would be at this level when the OTA is 96k minimum

Badomen in the interims they refer to the focus of the business as production. They also state they expect to export 125k per year.

The initial production run to 45k confirms they can meet the OTA.

Given what they have said, I'm not expecting any more formal Comms about production unless something goes wrong. Other than at confirmation of product shipping then quarterly reports

What have they u turned on southcoast

They said Burnley would close. It has closed.

They said they would accelerate growth in youth brands. That seems to be happening.

They said the new management team in Karen Millen would concentrate on new licencing agreements and they are doing that.

Meanwhile Debenhams continues to grow when you said it wouldn't

You need to give it up

There is no specific reg about nameplate.

They have already announced production at a level high enough to meet the OTA

Badomen if you read AIM regs, the only applicable rule is rule 11, which is about price sensitive information. There is no specific reg about

They have published everything that is price sensitive as far as I can see.

So I think his job is done

Badomen they have confirmed the plant has been optimised. They have confirmed that production has restarted. They have confirmed the planned production and transport schedule for the year, together with a move to quarterly reporting

There is an entire team running the operation, including Mohamed Naire.

What else is there for Steve to do on a full time basis.

Brilliant news and market cap still only £4m

Hopefully time for shore capital and Spreadex to burn

Well that's two great Rns .

Steve's day to day work is done as the facility is now up and running. He stays with the business which is fantastic

The CEO and in country manager putting their money where their mouths are shows great confidence

Just a shame the trolls are trying their useless twisting