Member Info for CRK22

Hmmmm “extensive” feasibility study. That may be overstating it somewhat

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Interest from investors would be positive. The question is more along the lines of what the nature of their investment would be and the impact on existing shareholders.
If serious investors are interested they can always buy some shares. Current sp does not support issuuing of tranches of new shares. 1 billion new shares at 0.05p = 500K raised. Big dilutions for small values are very poor value for existing holders and wont deliver a project. Project funding is what we need i.e. visibility on where $120m dollars plus some non project related spend is coming from.

Holding this share is like crossing a desert. Long drawn out, tiring, lots of mirages.

Come on BA - get it sorted.

Because they are still drawing earnings from non delivery ..... so far

ARahim, access rights for logistics purposes would be independent of whether KOD gets to production IMO, MOU on shared logistics less so however MLL have another MOU with CIM metals for some logistics aspects. All MLL need is a direct route through KOD land however it would be true to say a major benefit would be any road infrastructure cost sharing within that zone.

I hope your optimism proves correct as I am invested here.

I await the next RNS’s with great anticipation but the timescale on these news releases are likely to be slow based on previous exhortations by BA of such news flow not being backed up by subsequent SP unaffecting stuttered releases historically speaking.

Also please stop saying gays in your responses, it not remotely an autocorrect resulting from a typo and a and u are at opposing ends of a keyboard. Your English is observably better than that.

GLALTHER

Not invested in MLL so so ace to grind but ARahim I have to take issue with what you are doing as it’s misleading hubris at best.

No one should invest in the basis of a CEO wink and a tap of the nose.

The only “information” BA will be held to is what is released in RNSs.

RNS released information shows MLL is bigger in the meaningful metrics at this point.

We can’t extrapolate the JORC with confidence and it won’t be priced in to SP until further drilling is done.

Further drilling won’t be done without more money.

The stretching notion that there is lots of secret information and confidence between SC and BA is so far an unfounded assertion on your part.

I can see no reason why it would be to shareholder advantage to conduct business in a manner which is tantamount to withholding information from the market to benefit a majority shareholder such that shareholder value is depressed for such a prolonged period in terms of SP.

BA has not responded to any of three emails I have sent over the last three months in which I have requested clarification on some basic issues.

This is not an attack on you by any stretch but you would be well advised to be more circumspect in your assertions based on this thread.

For anyone asking about by what metric MLL may be bigger it is simply defined by the amount of Lithium they have confirmed as available to extract.

Most budget evs cant take 150kw charger

Only looking good if they get themselves to production. Better get their skates on.

Similar odds to be sure

Daz,

FWIW I don’t for a moment think we’ll see 0.6. Based on IRR 10% discount and allowing for 40% further dilution or effects of loan or other activities amounting to dilution, 1.3 dollar to GBP exchange rate, full LOM value I would make to be 0.9p per share of which anyone investing in a fully funded derisked opportunity would be looking to say 4 bag (my own estimate) over LOM then I’d say we’re looking close to 0.22p share price based on this project. If news hits and share price were to exceed this I would look to reduce exposure and consider carefully how much to leave behind longer term. Have to be honest and say confidence in BOD is not sky high so that might prove to be a modest amount if we are ever in that fortunate position.

You may think me bought into ARahims numbers but my own thoughts on this but the truth is my own position is more conservative.

It’s my understanding that conversion is the bottleneck not battery makers although that will change when converters get themselves sorted. Still doesn’t help upstream raw material producers as it’s funding which is our bottleneck.

I don’t know how it’s going to play out.

Daz fully understand your position on waiting for a spike. Last week may have been it but hopefully there’s some life yet in this horse we are flogging. GLA

Daz, ouch but if that’s the outcome you think then surely sell up and cut you losses and move on, no?

I’m holding as we’re not done yet but for sure it feels a slow death. Only a run of reasonable news will lift the mood here I feel

Actually Daz, I meant there’s not much further to fall in terms of you average LTH and what you will recoup from cutting and running is likely less than the premium on a TO should one occur from the sp at which we find ourselves. If I was at or near break even I would be adjusting my position downwards. But it’s stick or twist - there’s no folding from this position.

ARahim, the OTA depends upon getting to production, nothing more. If SC don’t help with financing it’s difficult to see where else the finance will come from.

Daz n BiB raise some valid concerns but tend to wind themselves up. I’m not suggesting there’s no concern about what they say, just that there’s times a flurry of posts reads like a negative spiral.

IMO, we need news on interim funding sooner rather than later.

I don’t believe SC want to own and run a mine, I believe they want influence on where the product goes hence high shares held.

There is a possibility of cheap TO sure and we are in a high risk space at the moment.

I’m personally concerned and looking for positives but the fact of the matter for many is that the money is down and the remaining downside is outweighed by potential upside.

Massive learning experience for me personally

ARahim, the OTA depends upon getting to production, nothing more. If SC don’t help with financing it’s difficult to see where else the finance will come from.

Daz n BiB raise some valid concerns but tend to wind themselves up. I’m not suggesting there’s no concern about what they say, just that there’s times a flurry of posts reads like a negative spiral.

IMO, we need news on interim funding sooner rather than later.

I don’t believe SC want to own and run a mine, I believe they want influence on where the product goes hence high shares held.

There is a possibility of cheap TO sure and we are in a high risk space at the moment.

I’m personally concerned and looking for positives but the fact of the matter for many is that the money is down and the remaining downside is outweighed by potential upside.

Massive learning experience for me personally

What do you mean by aligned?

I hope so ARahim. I never understand tiny trades to be honest. Hopefully BA’s hint at news flow will be more concrete than when last years Oct to dec were made. Need to start making traction

Daz, that would be nearer the Mark I think although if you’ve divided by LOM then you only give an investor credit for the first year profit on LOM? A long term holder I think would accrue more value from the investment however should an SP surge occur past the figures you suggest that IMO would be an indication to reduce exposure in short term and adjust position again on return to baseline. This is all new to me however so I’m open to education. Fortunately my average is below that but at current SP if I was Obote that SP and had funds I’d consider averaging down if I had the means. This is not advice this is just my feelings based on my personal circumstances.

Daz and ARahim I think the truth will be somewhere between the two positions you each describe but feel Daz will be nearer the mark.

Of course the market and its volatility will muddy those waters along the way.

I do hope we see this come to production though.

GLA DYOR

Always smiles when promising news but there is always a sustained period of passing tumbleweeds in the interim.

ARahim, NPV for the project shared across so many shares and I believe your valuation to be optimistic. KOD don’t seem to have much else going on to hang a valuation on so final value would be what can be earned divided by shares in issue. This can still be subject to dilution. After that I don’t think folks will invest at full value to eke money back or over LOM and don’t forget and future works / projects may funnel profit from this venture away from shareholders.

So, I don’t disagree with some of the logic but it’s the numbers.

I’m interested to see how this plays out and will be the first to feet you hearty congratulations if you turn out to be correct.

Again, funding is the key and it’s not certain until it’s delivered.

GLAH

Listened to Hoe Lowry GlobalLitium podcast yesterday “Not Lost in Translation” with owner of Ganfeng as guest. Seems ganfeng as buyer and seller of Li chemicals along the value chain. Back in 2004 Ganfeng offered 25% of their (at that time small) company to SQM in exchange for a secure Lithium supply but were turned down. Two years later SWM went back to make offer of cash investment. My rambling point is that SC being a supply chain operator is floating in our background and may be looking to similarly line up supply security. They may not be interested in owning and running a mine but may be looking to organically grow as a company be ensuring buying and selling opportunities throughout the Lithium supply chain. They have to start somewhere. This is just conjecture on my part but it’s an interesting listen and I would recommend that people give it an open minded listen. I am not blindly optimistic on SC funding but am more hopeful than 48 hours ago.

#WTFDIK #DYOR #GLALTH