Member Info for Compo62

An excellent read! Very happy to be in KOD and ALL after that 👍

Reggie - it isn't bias. Of course you are free to make random observations if some photos 'strike you' in a certain way. But if you do that on a board which is being eagerly followed by investors who are mining experts and/or civil engineers you must expect to be schooled. If not for your sake, for the sake of casual readers who might be misled or spooked.

If a new poster sounds like ChatGPT set to "clueless dimwit" mode, best to just filter them

Jeez! looks like the Chinese repurposed an ICBM transporter for delivering the plant

Swazers... what on earth are you smoking? KOD is rising on news. On progress towards production. On fundamentals. It has nothing to do with your remedial level T.A.

Another clown filtered!

One cannot rule out an offer for the entire business but I think what is more likely is that Hainan will offer to buy out Kodal's share of KMUK, whilst maintaining a stake in Kodal and the gold prospects.

"Good to see. And lovely big Tonkas!"...

I had to do a bit of back-reading to get the context on that - lol

I think you can buy a proxy stock on the Frankfurt exchange but from memory, the volume and spread are terrible.

German keyboard - keine Ahnung!

It´s worth what it´s worth. In the past, it was worth what it used to be worth. At some point in the future it will be worth what it´s going to be worth. Speculation is futile. What´s the point, anyway? And fundamentals... ? Don´t talk to me about fundamentals! Pfff!

1.5p at current spodumene prices. Probably 1.7p to 1.8p if prices continue to recover.

Phew! Glad I missed the bunfight yesterday.

Ideally, before you invest a penny, you should be an expert in the company, the sector, regional business practice and the law as they relate to your proposed investment. But that is impractical for most of us. So some common sense helps.

As 51% shareholders, what is to stop Hainan selling to "themselves" at knockdown prices? I don't KNOW, as in having documentary evidence, but I can be sure that local trading/tax laws and a binding contract will both prevent that. Otherwise, everyone would be doing it and nobody would ever enter into a minority stakeholding partnership.

Having said all of that, we all know that there are a thousand ways to get shafted on AIM and being cautious/sceptical is a healthy thing. but really... AIM is a place to invest the money you can afford to lose, so if it makes you nervous, is it the right place for you?

Just my take on it. GLA and enjoy your long weekend!

It seems that the market has reacted with... meh!

Badomen - I agree that it is important for Kodal that the licence is transferred to KMUK asap. Beyond that, if you believe that we will be shafted, that BA didn't ensure enough protection in the contract, that he would allow his own shares to be massively devalued, it is probably best to sell up and move on. For myself, I think BA and the Malian government will ensure that we get a reasonable price for the output, and that any buyout will be at a fair price and fill the coffers with enough cash to fund the gold projects going forward. So I will be holding.

Badomen - I'm not sure what you are wittering about. Yes, Hainan has the controlling interest, but so what? They are a mining company and they presumably want to be productive as soon and as cheaply as possible. They can't force Kodal to give up our share. What is your point?

Paris, you should treat yourself to a lie-in sometime. All I see of this "gazza" is the ghostly imprint of responses to removed posts. I don't even need to bother filtering!

Looking forward to the presentation but still not planning to sell any until 2025. GLA

Laverda - yes - I am sure the fates of lithium and gold are linked, but exactly how, we'll have to wait and see.

"Just under two weeks away until april and the operational update."

...and still the possibility of a gold update before then, Daz?

Hadrian, you talk of the "value a share buyback can bring to a company" but then list only values to shareholders in terms of confidence. Buybacks are for companies with cash on hand that they cannot invest effectively in growing the company. I hardly think that is how Bernard is thinking right now.

You beat me to it, hyper-al. If nothing else, a buyback could damage the relationship with Hainan, the last thing we would want right now. When Hainan provided extra funds for drilling it was not out of the goodness of their hearts!