Member Info for clapa929

Don't forget to add the extra shares into your calculations..... when Hainan buy in.

I haven't stopped counting down... it is a form of torture. I'm hoping for a surprise announcement.... as Bernard always does.

Probably an RNS tomorrow and those that are flip flopping in and out will miss out. Work is progressing, just no news flow.

Waiting for, lav.

The 2 main items we are waitung for. Haha.

Once we get those..... information brakes are off.

go_ly_dow- news is definitely building. It is a massive project with 2 approvals holding it back- Mali/ China. I think the rest is just ticks in a box.

Sash, Nothing from Kodal but firmly in the RNS of Capital Drill. It would be interesting to see how many drill rigs they have signed up to and for how long. Could be a long term agreement to secure the plant and crew in a growing environment.

Good spot Iven, I missed that one.

Exactly, log term commitments being made.

Secured Diamond drilling service with Kodal Bougini....

New contract wins:

§ A two-year diamond drilling services contract with Barrick at the Reko Diq copper-gold project, ****stan;

§ A three-year reverse circulation and diamond drilling services contract with Fortescue Metals Group at the Belinga iron ore project, Gabon;

§ A diamond drilling services contract with Kodal Minerals at the Bougouni lithium project, Mali.

https://www.sharesmagazine.co.uk/news/market/LSE20230316070005_4706708/preliminary-full-year-financial-results

https://www.capdrill.com/

Fosun selling Nangang Steel percentage to focus on household consumption. They are keeping Hainan and Kodal indicating the support they have for the project. The usual KOD information mentioned.

https://caifuhao.eastmoney.com/news/20230315195902181332730

Link to mining License:

Mali License: https://mali.revenuedev.org/license/185616

I keep an eye on this for permit transfer to Les Bougouni

Iven, I'm back to graft next week and will focus even more. I think Hainan are looking at external support with funding, through CITC Sceurities and the construction support from China Enfi & MCC Changitan. I need to dig deeper. They may not need either.
I'm watching the filing history to see if the 2nd shareholder is added to Kodal mining.... nothing to date.

Probably lazy reporting.

RNS timeline to complete in the next 50 days... I wouldn't like to be out of this over the weekend.

Completed…….KMUK Ltd Incorporation 11-11-2022.
Completed…….XINMAO Investment CO LTD incorporation 11-01-2023.
Completed…….Formal funding agreement. 19-01-2023
Completed…….$7m Escrow deposit 01-02-2023.
(?)…….…….……..Update RC Drill Rig 806m drilled- results pending.
(?)…….…….……..Update Diamon Drill Rig 385m drilled- geotechnical review- pending.
Imminent……….Environmental study update complete.
Imminent……….DMS change notification.
4 weeks (?) Malian GOV Deal approval
8 weeks (?) Chinese GOV Deal outward direct investment ("ODI") approval.
(?)…….…….……..Formation of Les Mines de Lithium de Bougouni S.A (Bougouni Mine).
(?)…….…….……..Transfer of Mining License PEGM2019, gr 2et 3 2868/21
(?)…….…….……..Gold Update- Nielle, Fatou, Dabakala etc
(30-04-23)……..KMUK- Hainan/ Xinmao Incorporation (Joint)
(30-04-23) ……..$17.75m Subscription
(30-04-23) ……..$100m investment fund transfer
Rejected………….Suay Chin additional subscription 485,568,717.
(?)…….…….……..Suay Chin Off take.
(?)…….…….……..Surplus Offtake
(?)…….…….……..West Bougouni Sale
(?)…….…….……..Project Forward Plan

Key websites

Construction Oreology/ DRA Global https://www.draglobal.com/news/, https://www.orelogy.com/
Environment Digby Wells https://www.digbywells.com/sustainability-reporting/
Finance Field Fisher https://www.fieldfisher.com/en
Finance Herbert Smith Freehills https://www.herbertsmithfreehills.com/news/herbert-smith-freehills-kewei-advises-fosun-controlled-hainan-mining-on-investment-into

Hainan Mining http://www.hnmining.com/ky_zui_xdt.php
LiDAR Survey https://www.3dronemapping.com/
FSD Conseil Lawyer in Mali https://www.fsdconseils.com/actualites-fsd/

Filing History:

Kodal Mining https://find-and-update.company-information.service.gov.uk/company/14477383/filing-history
Xinmao https://find-and-update.company-information.service.gov.uk/company/14585800/filing-history

Local Hainan news- I can't see any new information, but good to see the Chinese talking about it.

http://news.hainan.net/hainan/minsheng/minshengliebiao/2023/03/10/4739279.shtml

The nob

Daz,

Nothing exciting, just from the Hainan Website indicating Lithium as their main target.

At the meeting, Xu Daquan, on behalf of the company, extended a warm welcome to the leaders of Hainan Industrial School, and introduced the basic situation, development prospects, talent demand, talent training and Hainan Xingzhihai New Material Co., Ltd. lithium hydroxide project. He said that he hopes that the two sides can strengthen school-enterprise cooperation, strengthen the recruitment and training of professional talents, and promote win-win cooperation.
Chen Shaohua, the principal of Hainan Industrial School , introduced the school's professional courses and the basic situation of graduates, and expressed his strong desire to deepen school-enterprise cooperation and promote the combination of production and teaching.
Afterwards, the two sides conducted in-depth discussions and discussions on a series of topics including professional characteristics, curriculum implantation, student quality, teacher training, on-the-job internship, student employment, project cooperation, demand for skilled talents in enterprises, talent creation, and school-enterprise joint training methods. comminicate.At present, the lithium hydroxide project of Hainan Xingzhihai New Material Co., Ltd., a subsidiary of Hainan Mining, is in the critical stage of recruiting a large number of counterpart professional and skilled talents. The school-enterprise cooperation with Hainan Provincial Industrial School can open up new opportunities for the recruitment of professional and skilled talents for this project. At the same time, it will also provide a high-quality platform for the cultivation of professional and skilled talents.In the future, Hainan Mining will carry out in-depth all-round school-enterprise cooperation with Hainan Industrial School, promote the combination of production and teaching, meet the needs of professional talents in various fields such as iron ore, oil and gas, and new energy, and jointly promote talent training.

I can only see this as High Risk- High Reward. AIM is always a risk.

https://www.share-talk.com/q1-2023-overview-top-10-high-risk-holdings/

There isn't much news around at the minute, and for the doubters, Hainan see Lithium as the future of the business.

As below, KODAL not mentioned, but reference to Lithium is:

https://mp.weixin.qq.com/s/RBDGmHkaIpaLM_RQYmKMFQ

Nonesense. The target to complete is 8 weeks away. All processes take time.

If I was you I would cash out.

Who gives a f--k about boil on this board?