Member Info for clapa929

It feels like there is more chance of raising the Titanic.

I'm guessing this will be the next RNS in August:

KODAL MINERALS PLC
GROUP ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

Hopefully they buy more shares to firm up their position and we all sell and leave with hefty profits. Job done.

There is a screen shot on the Telegram group.

From the KOD website:

"Shareholders should note that there can be no guarantee at this stage on the timing of completion of the Formal Agreement or if any such agreement will ultimately be agreed."

https://kodalminerals.com/the-company/suay-chin/

They could be pushing for a pilot mine like another company we know. I'm sure we will find out in the near future.

It has to be taken as a serious move towards production.

£11.6m paid for Hainan Hengqi, Tai'an Xinchang -->Major Share--> Suay Chin International Pte. Ltd. ("Suay Chin")--> major share --> Kodal Major Share and the agreed MOU.

That is £11.6m (Chinese equivalent) of faith in the company and a lot of contol over Kodal.

https://www.sohu.com/a/561664303_121360650
PLANS TO INVEST 95Million Yuan- is this a hostile take over or a good move?

"Kanglongda plans to invest 95 million yuan to acquire the African spodumene mine project"

Kanglongda announced on June 25 that it plans to transfer 100% of the property shares of Tai’an Xinchang held by Hu Yanxia and Hainan Hengqi with its own or self-raised funds of 95 million yuan to ensure the company’s supply of spodumene materials. Enhance the company's sustainable development capabilities.

On June 23, Kanglongda and its wholly-owned subsidiary Zhejiang Jinhao New Materials Co., Ltd. signed a share transfer agreement with Hu Yanxia, ??Hainan Hengqi, Tai'an Xinchang and Suay Chin International Pte. Ltd. ("Suay Chin"). Tai'an Xinchang By holding a 51% stake in Suay Chin, Suay Chin holds a 14.18% stake in KODAL, which in turn indirectly owns the interest in the spodumene mine project in Bougouni, Mali, Africa. At the same time, by holding SuayChin, the company will indirectly have the rights stipulated in the offtake framework agreement.

Suay Chin is a limited company legally established and validly existing under the laws of Singapore. It holds 14.18% of the shares of KODAL, a company listed on the AIM market in the United Kingdom, and is its largest shareholder. Future Minerals SARL is a wholly-owned subsidiary of KODAL in Mali, Africa.

Future Minerals SARL owns the Bougouni spodumene project in Mali, West Africa, and currently holds 1 mining license and 4 exploration licenses. The main product of the mine is spodumene, which is mainly used as the raw material for basic lithium salt products, and the product sales are completed by directly or indirectly supplying raw materials to enterprises that produce basic lithium salt products.

Suay Chin's holdings have dropped from 14.56% to 14.18%, due to dilution. It will be interesting to see if their new owners will increase this value or just sit at the current percentage. The more shares they buy the chepaer they can produce Spod/ Lithium, in the long term.

I will be watching to see if they invest more over the coming weeks, if they do then the price will rise... and then again, nothing may change.

There seems to be a lot of design engineers on this website. The extraction of oil and control of pressure build up is nothing new.
The gas recovery system will be in line with American Piping Standards, API / ANSI/ ASME, and in line with industry best practices. These systems are built to minimum specification which will be in line with max potential.
All I’m reading is absolute guess work.

Quote” i believe it’s been delayed due to needing to be redesigned as pressures haven’t come down as they hoped.”

Just got topped up at 17.2p

I'm trying to top up £3K and it won't have it......

You don't want that deal. Locked in to sole supply for equivalent $700 per ton.

It gets you a mine for 3 years and first year products going to Suzhou for cheap.

I would rather have a joint venture

We need volume with the bounce, otherwise it will come straight back down.

0.8 years, does this forum have an edit option

I think it is a decent report and sets out high level cost expectations. Payback reduced to 08.8 years.

Who ever tables the money willl recoup within 1 year. Not bad.
Trade route established via San Pedro Port in Côte d'Ivoire.
Construction Study has been completed by 3rd party with 20% cost saving.

There is to much to list and I would say it is written towards the chinese market...

I have been reading up on the BYD story indicating that they are looking to buy 6 African Mines:
“among the six lithium mines, the amount of lithium oxide at 2.5% grade is more than 25 million tons”

https://carnewschina.com/2022/06/03/byd-plans-to-buy-six-african-lithium-mines-enough-to-meet-its-battery-needs-for-the-next-ten-years/

Depending how you interpretate the 2% Lithium valuable, KOD could be a plausible option.

Kod: “6% spodumene concentrate per annum”, “6% Li2O spodumene concentrate utilised in Kodal’s 2020 Feasibility Study of the Bougouni project.”

https://kodalminerals.com/project/bougouni-lithium-project/latest-news/

Spodumene percentage is to low for what they have set as their requirements.

The DFS SP will be an anit-climax, as per the Mining License RNS. The funding RNS is the game changer.

I have just seen that RNS, just nonsense. They could have posted that on a Social Media Forum.