Member Info for Bfdinvestor

If you’re using a discount rate of 3.75% on a start up lithium mine in Mali in its early revenue stages then you are deluded

Nobody said that Badomen.

A low double digit discount rate is appropriate. Just like the professional analyst applied.

I'm still waiting for you to produce the peer group Kodal is supposedly overvalued against.

Because, looking at the two most recent explorer sales, it most certainly is undervalued and by a significant amount

Sadly this is typical AIM MM behaviour

No wonder it's the worst performing market on the world

What is interesting in the hearing next week is that Daphane is a respondent in the stay sought by the two former directors, but they aren't a respondent in her request.

It does sound like horse trading is going on and the focus will be on the two former directors

Dcf is bass on the risk adjusted cost of capital

The London base rate is currently 3.75%.

For anyone to suggest that this should be adjusted upwards by 300-400% is plain daft.

It also means any revenues after 6 or 7 years will show as zero benefit. Which, once again, is plain daft

It's strange that he is trying to discredit Angra, whilst ignoring the simple fact that revenues are growing. He even posts the revenue figures without acknowledging them. Plain bonkers.

Correct massive, look at the posting patterns

Don't worry guys I think we are on the third strike now....

So your valuation aligns far more closely with the analyst elcobbledore and with what is actually being paid for ALL and ZINN, which is the real acid test.

Perhaps you should send your DCF to the analyst who values Kod at 1.2p Badomen. I'm sure he would appreciate it.

What peers are you comparing Kodal to?

I think I said at the time that your DCF assumptions were plain stupid badomen.

But let's look at a more appropriate valuation . How much have ALL and ZINN just been sold for? How do they compare to the KOD market cap.

A real market valuation comparison is far more relevant than a GIGO DCF.

So the same question again badomen, if you believe KOD is over valued, why don't you sell your supposed few shares ?

But there's the point you miss again Badomen.

Kodal can't lose 15m, at most they can lose 15m*.51%.

The 10m may be on the balance sheet but it has no repayment date. So are you trying to say it is reflected in the current market cap valuation.

How do you think Kod should be valued Badomen, because by every peer valuation type it is massively undervalued. Look at All or Zinn.

And someone was saying the sints were holding the sp up lol

Haters are going to hate I guess lol

Even the backwards green boxed kungfu fighter.

Strange badomen, you didn't even know the 10m existed until I told you. Are you really trying to imply it is reflected in the market cap now lol. Equally the 15m is also included in the accounts for KMUK, so I'm not sure what your point is.

The simple fact is the mine is hugely revenue generative and that is normally how growth businesses are valued

Hainan hold nowhere near enough shares to exercise significant power over Kodal. They have one board seat, which is appropriate to their shareholding.

You also seem to forget that Kodal is actually owed over 10m dollars by KMUK. So the 15m arbitration amount is largely irrelevant, especially as it represents less than one third of the value of one shipment at current spod prices

You said yourself you had only kept a few shares Badomen. Your words not mine.

You seem to think that Nielle was the only gold opportunity that Kodal held, when the limited focus has actually been on Fatou. Once again, you fail to understand what is actually in the accounts and updates.

I think Bougouni is a massive achievement, it is hardly a "bare minimum". It has also been a massive focus and a massive delivery.

If you hold the company in such contempt badomen why do you hold on to your supposed few remaining shares?

You know the question badomen?

You seem to think a business doesn't have to make strategic choices and resources are infinite.

Nielle had next to know value on Kodal's balance sheet yet you seem to be implying that it is some form of massive loss. It isn't.

Then again, you have demonstrated time and again that you don't understand Kodal's financials.

Nielle is a long way away from even an MRE. If Kodal had focussed there, rather than on Bougouni, we would still be nowhere.

And still avoiding the question badomen

Businesses have to make choices all the time.

You can't have your cake and eat it

Bougouni was developed to an extraordinary timescale and you have no clue about how much time and effort it absorbed.

If they had focussed on Nielle instead of Bougouni, they would be nowhere near a functioning gold mine. Look at where GgP is with Havieron still.

100m dollars and counting to believe that they made the right strategic choice.

Not sure why you post here given you hold next to no shares badomen and have never a decent word to say?

Go check the accounts and updates badomen, you will see work has been done on Fatou and it's the only gold asset mentioned specifically

And you are still avoiding the question.....

I see you avoid answering the question badomen

Why would I ever think that badomen

The simple fact is there is still significant work in organising an exploration campaign.

Small businesses lack resource and have to make strategic calls.

Kodal's call was Bougouni with a little bit of Fatou.

Do you think they made the wrong strategic call

No business can ever do everything it wants to do