Member Info for Compo62

Badomen, you are still deducting a potential liability directly from the cash at hand, which is meaningless. Of course, the balance sheet would be adversely affected, but not to the tune of $15m as it will also create an asset of $7.35m via Kodal's 49% share in KMUK whose assets will increase by $15m. The only material risk to Kodal is if the arbitration is concluded VERY quickly and an immediate cash settlement is demanded. I'm bored of pointing out how vanishingly small this possibility is. People can make up their own minds.

As for "insignificant" I would probably agree with you. Not insignificant, but not critical, either.

*we're

Badomen, what the hell are you talking about?! In what universe could a ruling in arbitration that Hainan is 100% in the right result in a "cash settlement" from Kodal to KMUK, a company it owns 49% of and which owes it a sum of money quite possibly even larger?

KMUK: You owe us $15m

Kodal: Take it off the loan you need to repay

KMUK: No, were keeping the loan, so cough up the cash!

Yeah, right!

Yes it did, which doesn't seem rational. But investors don't like it when JV partners fall out - or appear to do so. Arbitration could take some time so it's likely that other factors will impact the SP before we see what happens with the resolution.

Jonfon, if you are referring to the disputed tax liability and the agreement to put it to arbitration, this is usually a clear signal that both parties are committed to avoiding litigation. Though I haven't seen anything that says categorically that they have agreed to it being "binding"

Maybe look up global high-stakes geo-politics!

Clapa/Rob... Bernard can't be bothered? I doubt it. Gagging order? Not as such.

Hainan recently caused a stir by "releasing" a resource estimate without consulting Kodal. Words were likely exchanged and assurances given to "check first" - in BOTH directions. If this is true, Bernard is more hamstrung now than he was before. Hainan don't need or want the world to know how advanced is the planning for stage 2, or how profitable the current operation is, etc.

The current SP is hard to understand, elc. However, it's also impossible to know just how much the Mali situation is being, or should be, factored into the price. Whatever selling may or may not be orchestrated to suppress the price, there is clearly not much demand there at the moment.

Elc, I think you may be reading too much into it. If they intended to "release" the information it wouldn't have been buried in an internal report. IMO this is just normal corporate "big up my section" reporting in an organisation that is not bound by UK or US market rules.

Oh don't worry, that is where they are!

Has anyone heard the phrase, goes something like "if you find yourself in a hole, stop digging"?

"In the UK, large-scale coal preparation plants were vital components of the coal industry. Before and immediately after World War II, less than half of British output was washed, making these plants central to modernizing and improving the efficiency of the National Coal Board (NCB). "

In the coal industry a flotation plant is called a washery.

Flotation IS a simple process! NCB/British Coal ran dozens of plants. The flotation medium (salty water) does all the heavy lifting (well... sinking actually) - you crush stuff, throw it in and lift out the stuff that floats.

The capital outlay is significant and it won't be built overnight but once in place they are a doddle to run.

...and I don't know or care which muppet it is

I am happy to be ignorant of, and totally indifferent to whatever the muppets are posting

...and we could be in, or close to, the pricing window for the next shipment

Once they dropped the bid to 0.29 buys and sells were showing as buys

Member since April 2026

You really couldn't make it up!

Filtered...

"A 75% majority of shareholders (by value of shares) is a critical threshold in corporate law."

Ignore them bfd - just laugh quietly to yourself as they make fools of themselves

Or maybe they were pushed out by Hainan because of potential conflict of interest in topics material to the arbitration case. I doubt we will ever know for sure.