Member Info for Dusty70

Yes website is shocking but I thought they were meant to be updating it. In the mean time I hope news within the 8 week period Steve said. This is solely relying on the Mail government so it is not a concern. However one really hopes that once approval is given that things move quickly. Also now the rainy season is coming to an end there should be more drilling …what is the expected time line for that and results etc?

Yes I would very much like to know the reasons why as very odd although I see a sale for 5mill shares . However what causes this to happen?

Bernie and the term “tantalizing close” ….he has said that for months but we are dealing with Mali and bureaucracy…however I do wish like everyone else on this board it is approved before they find an alternative to Lithium ! Joking aside once it is approved then we should see a rerate as the Lithium is there and also there should be more drilling to firm up more resource. Like we all have been saying it is all well and good having the resource but it is the amendment that is needed and that should not be a issue anyway just the time it takes etc .

Thanks Wolf . Kodal has certainly not gone up in a straight line over the past few years and has fluctuated between .20 and .30 most of the time. However what is different here is the expectation of agreement re Mali in terms of the licensing amendment and then funding. In addition there are more firmed up reserves as well as a large increase in Spod prices. Therefore there is a view that once Mali gives the go ahead (which should be just a matter of a short time ) then we should see a rerate re Kodal.

Some good buys coming through. Hopefully we will see some momentum building in anticipation as surely news will be forthcoming soon. What is odd is the volatility seen in the last few days l guess that is AIM for you! Once news does come then this will create better stability and increased shareholder value and bring Kodal into another level.
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Yes I saw that too. Also is news that gold production was lower than expected in Mali. This Insee has positive news as clearly they need to earn revenue from mineral extraction and given that there is significant Lithium resources that it really is in Mali’s interest to get more revenue and hence one hopes that Kodal are pushing for the licensing agreement to be amended.

That was a huge buy. It looks like the true value of Kodal will soon be recognized. The assets are there just waiting for the next steps which should happen in the next few weeks.

Yes I would very much agree ..he should not use words like tantalizing close which I find misleading. I am am also a LTH but I find it very infuriating that we are meant to be close but at the same time they can’t even manage to update their website in a timely manner. They need to be honest with shareholders and give realistic timelines instead of giving false promises.

That is good news re website Accion as very frustrating!

Good to see some increased Tweets from Kodal so at least they realise some element of better communication albeit their website still needs updating. The price will fluctuate in the 0.25 to 0.31 band until we see news re licence and funding . It has to be close as it is in Mali’s interest re the Licence and also Kodal re funding so as to get the process to move to the next step. The fianancial markets are in very choppy waters and that is not helping but there is proven resource and limited supply.

Well yes OK perhaps not re website but why are they tweeting and not bothering to update their site. Either they are trying to control costs or just poor at updating websites. i wonder why they seem able to tweet. I think we need to collectively mail them and ask them why they seem unable to do that. I will reply to the tweet.

An example of realisation the need to keep investors on board. This does demonstrate that things are moving and that it is only a matter of time. The next info we should receive is an update re Mali and the licence etc.

Hi I have also a large holding now circa 90m so I have confidence although the price does like to fluctuate between 0.25 and just over 0.30 which gives me palpitations ! I have every confidence but it just takes times but some investors are very short term hence the movement in price to more quick wins. However I am in it for the long term but do wish we just get more news soon!

Measured words Laverda. The price will remain in a narrow band unless some people either sell or buy huge amounts. I for one have built up a very sizeable holding but will not be knee jerked into selling. The PR side with Kodal does need to improve whether it is the website or using words like “ tantalising close” but in reality they know of the need to improve shareholder value and achieving the best deal possible that takes time to negotiate etc. Kodal have shown there are large extractable mineral deposits it is just a matter of time that agreement is reached on the financing side etc.

Let’s hope now we have broken through .3 that now there is momentum. Given all presentations point to positive news soon then I really can’t see why the price will not increase further. I am sure they are working behind the scenes to get the best deal possible.

Yes it is very undervalued. I wonder how long it will be until they announce funding etc. What I do not understand is why not a build up in price as there should be an announcement due shortly etc

Good to see some buys at last going through and the price rising ! Let’s hope next week is a better week than this one

Yes although price drifts down and then up so just frustrating that people do not just hold on as it should increase as we are in a very strong position and also rainy season is ending soon and funding is expected soon so they must have a short list to consider of potential partners. It is is everyone’s interest to secure funding sooner rather than later to enable mining infrastructure development etc

Yes I have also substantial amount of shares circa 70 million now but not too concerned as have confidence. I just wish they would get on with it and announce soon etc

Agree..the key is start of mining which will happen and also there are proven conservative reserve estimates. The nest step is an announcement of either a JV or some other form of financing to bring this into production.