Member Info for Craignews

Let's say $850 x 40'000 = 34 Million. Now, before anyone starts banging on about Kodal gets 35% or whatever, that's a load of rubbish!

As with any business, this is income, not dividends or pay outs, this is operating capital from receivables - All of the money goes to the mine company, the shareholdings are of no relevance until dividends in a few years, or a sale of the company

Given the recent 'security Incident', I find it highly likely that news of the shipment won't be announced until after it's gone, and at the port - The less info released to the local bandits the better

Lav- Yiu can do more than 25 tonnes on a lorry, we do 200 tonne road trains out here

Who said anything about buying the project? Glencore would just buy KOD

Glencore showing interest in PREM (Lithium), BA at the conference here in Perth, as are Glencore - he states interest from investors and 'Others'!

Do the maths, could be a Glencore offer coming in, KOD are actually producing at scale, unlike the noisy neighbour PREM

Export License final piece of the jigsaw for a partner offer or buyout?

How are the MG at a risk of losing money? They got a stake for free, so even $1 is a profit for them? Duh!!!

Mine shutdowns for maintenance are usually 14 days for a very large mine (Of which this is not), such as BHP Port Hedland, or some of the larger Rio Tinto sites in Western Australia - The scheduled shutdown on this is likely to be a week. All mines shutdown for maintenance at least once a year, some 2 or 3 times a year, so there is nothing abnormal with this.

In effect, preventative maintenance on a regular basis is crucial for the mine not breaking down, despite what all the negative posters will have you believe

regarding the export license, this will likely be end of this month - Once shutdown has taken place, and parts changed out, the plant will be able to declare nameplate production - Once declared, the export permit will be issued.

All going smoothly from what I can see

That should have said Spod

$777 Today

Ahhh ok, he's not had the loan repaid in shares, just the interest to personally further dilute, and shaft shareholders

Ask yourself this, why would he take it in shares, rather than cash as a creditor - he picks up shares on the cheap just before the big rise

Another big trade for 26 million shares just gone through

It takes months to nameplate from switching a machine on

That’s a very similiar large trade to yesterday, maybe that’s why price is being held back

Someone is confident buying 26 million shares 3 minutes ago

I would say that will be the next RNS, and would include hopefully a date of first shipment leaving - They must have run out of room on the pad to store it all by now

I'm sure there was something a couple of years ago in an RNS about the production cost being somewhere around the $380 per tonne mark

Luke

You do understand that throwing the word 'Thesis' around, in the midst of sentences littered with grammatical errors just makes you look foolish, like you are attempting to appear more educated than you actually are?

Then there is your very poor rhetoric when attempting to articulate whatever nonsense you are articulating.

I would suggest you leave the AIM market alone for a while, invest in a thesaurus, a dictionary, and a couple of decent investment and business tactics books. perhaps then you may be educated enough to not be so foolish on an online chat group.

Luke, considering I work in the mining support and consultancy sector in Australia, I have a pretty good idea how it works thanks, and have seen it happen - it actually makes perfect sense

Don't be surprised at a $1 takeover, with Glencore taking on the debt, and GR keeping his share options for when Glencore increase the value

The term in previous RNS about Glencore looking at servicing the debt as part of an agreement is a clue, agree to buy the company for next to nothing, take on the debt, and GR gets millions in shares and dividends down the line - it's a win for GR