Member Info for Bridgedogg1

Just been thinking about the economy of the project. The feasibility study was completed in Jan 2020 when lithium prices were 20% less than they are now. Given that lithium price is on an upward trajectory and could easily double from here this would I assume feed directly into the project profitability. I don’t know if someone could advise - how is the changing price of lithium taken into account in the offtake agreement? It the price set in advance and if so for how long?
GLA

With progress being made on the Lithium from the Pre Covid situation its worth looking at where we were with the gold assets at that time to determine what happens next. I picked this up from the 28/05/2020 RNS: Gold Exploration Project Review

· The gold assets in Mali and Cote d'Ivoire have attracted interest from investors and other exploration and development companies

Sounds like a number of unsolicited enquires in the project. Could we be looking at a JV announcement here? I would be happy to put the costs/operations onto someone else so we can focus on the bringing the Lithium to production.

Auction at close? Tomorrow should be another good day.

Once this went through 0.16 I though I'd missed the boat, then i decided what the hell because my target is 1p+ so added more at 0.17. Looking back in 2 months wont be much difference getting in at 0.16 and 0.21. Still plenty of money to be made.

Last chance below 0.2. Happy with my top-ups today

0.2 just about to go. Looks clear up to 0.23 than maybe a slight pull back. Exciting!

Boom - back to 0.19, once 0.19 goes its rocket time

Some bigger buys going through! Forming a nice base to move up this afternoon. Get in now people!

Completely agree. It previously moved back from 0.17 to 0.15 then up 25%. Now moving from 0.19 to 0.17, next stop 0.2 IMO
All part of the ride. Keep topping up on the pull backs.

Recap on latest interview https://www.youtube.com/watch?v=z-L5PLHKiqk
Feasibility study approved - couple of corrections
Several groups looking at feasibility study
Major shareholding looking at offtake agreement - required for financing
Very busy on gold projects - looking for update in near term on gold project "more good news to come" for shareholders

Worth taking a look at Savannah Resources which has a similar size project in Spain at a similar stage of development. The mcap over their is £66m following a recent 20% decline due to issues with Environmental reports (which Kodal submitted in 2019). Kodal also have a 10% higher Lithium grade and 20% higher estimated IRR. Kodal valued at less than half.

Just amazing. Small cap institutional investors should start sniffing around once the license is formalised.

20p? That would put the mcap over the value of the asset, which we will only own part of post funding agreement. Still it would be nice to retire early!
I think we have a couple of double digit daily rises left and then daily 5-10% rise to funding from here would be nice. There will be some red days too no doubt.
Moving back up now.

A few sells going through, once these are cleared we can test 0.19 again

Just wondering at which step will we get another update. Could we see another RNS advising resubmission of mining licence application this week? I'm sure we will be notified of formal notification from DNGM this week/next week. Then its a wait for the Office of the Prime Minister sign off which should be some time later this month and in the mean time update on gold could drop any time. What's not to like?

OK, I'm B@lls d@@p now

Personally i see a MCAP of £300m-£350m (2p) once the funding is agreed - could be more thats my low ball figure. Most small cap miners have to go begging, cap in hand and willing to part with a large percentage of the asset but KOD are negotiating for a position of strength. Lithium prices set to sky rocket and huge shortage predicted at current rates of demand/supply by 2023, even taking into account new projects coming on stream. There will be a lot of interest and no doubt China will want to maintain its strangle hold on Lithium supply.
I know this figure might be a bit low for some but atleast i wont be dissapointed.

Wronin - i've had more lossers than winners.
I know its annoying having someone talk down the share you are invested in but what i post wont impact the share price one bit. I'll leave it alone on here, I expect the short term traders have gone anyway. Look back at who was posting 5p last week - where are they now? The price is still holding up BUT i think it will be a slow decline to 0.6. Good luck to you all.

Good luck to you Ray - never a bad time to take profit

56p? WOW ;-)

Looking at the charts (which i used to) theres a large gap after to 0.19 up to 0.23...
Simpler days when i thought charts could tell me what a SP would do