It all needs to be in place soon. The rainy seasons is upon us, or there abouts, and after that the construction work needs to commence. Material and equipment has to be procured in advance with potential long lead times.
Any one heard of them , they are touting KOD as being undervalued by about 58%.
The intrinsic value of one KOD stock under the base case scenario is 1.39 GBX. Compared to the current market price of 0.59 GBX, Kodal Minerals PLC is undervalued by 58%.
RE: THE TEENAGE CONVENTION OVER YET!?!26 Jun 2023 14:20
I'm_ Trying: Just here to make a quick buck or two, I'd take 20% no problem. The fundamentals are still here, delays are nothing new. It took 1.5 years to issue the mining license... this delay is nothing.
The deal will be done once Hainan has 5100 shares in Kodal Mining. To date they do not. Kodal Mining UK has 1 holder, Kodal minerals PLC, with 4900 shares. The rest will come at th esame time or after that.