Member Info for ejt7777

Question: could the upcoming US$17.75 million equity subscription by Hainan Group be a causal factor in today's share price movement? They are subscribing at 0.5p per share.

Thanks

There's also the not inconsiderable, upcoming US$17.75 million equity subscription by Hainan Group into Kodal at a price of 0.5p per share...

FYI - new court order:

'At the request of learned counsel for both the parties, list the matter in the month of July, 2023. Interim order, if any, to continue till next date.'

https://hcraj.nic.in/cishcraj-jdp/pdfjs-dist/web/viewer.php?file=https://hcraj.nic.in/cishcraj-jdp/storefiles/createordjud/206800135212018_24.pdf

Hi Prof,

Website link: https://hcraj.nic.in/cishcraj-jdp/

- Under 'Select Search Criteria' select 'Party Name'

- Party Name is 'Metal Mining'

- For 'Pet/Res' select 'Both'

- Status is 'Pending'

- Hit 'Get Data'

The case is the second from the top (CW / 13521 / 2018)

Let me know if you have any problems.

Thanks Prof. To be honest, all I am expecting from tomorrow is a revised hearing date anyway.

Interesting to note that the number of 'pending' similar cases on the Rajasthan court website has dropped from 13 to 5 - they are rattling through them one way or another.

FYI - next listed date for Bhukia is tomorrow (17/5) and Rajasthan is 4.5 hours ahead of UK time-wise.

11 trading days left until the opening bell on 30/5. Tick tock...

Order filling? A bit like the massive one Hainan needs imminently...?

Government sign-off today, cash in the bank tomorrow?

.57? That was *so* 30 seconds ago. .58 ask on 212 now...

@shares and @gogs, those thoughts had crossed my mind too...

Thanks

Just wondering if it's a local problem for me or if their website is actually down at the moment?

The major headlines:
- Next court date for Bhukia is scheduled for 17/5 (long term holders will snort into their coffees at this statement). If MB is succesful with the Rajasthan gov't, this might actually happen and it would be transformational for the company. If not, I expect the litigation to be started shortly thereafter.
- Cascades - updated resource targeting 2MOz gold expected towards end of the year.

@merc, Bernie must be catching you up in terms of KOD shares... ;-)

@Invfun, long story short (and apologies to others for the non-PAT chat) is that Kodal Minerals has agreed a conditional funding package of $117M to finance a lithium plant on their Bougouni lithium project, which is expected to be up and producing within 12 months of finance, and further gold drill prospecting (current MCap $66M). A $7M deposit has been received by KOD and, as part of the deal, the financing partner is going to be subscribing $17M of shares at 0.5p (25% above current SP). The conditions for the deal are required to be met by 30 April (latest), hence the deadline, but it is hoped that they will conclude sooner.

Full details as per their RNS of 19 Jan.

Whilst I've disclosed I have a position in KOD which I'm looking to exit within this timeframe, please do your own research, this is not a tip, etc.

I'm waiting on an RNS from Kodal Minerals to drop and will invest the profits from that here. Max 7 weeks until that lands, and I just hope that Panthera doesn't land beforehand.

Of course, if it does then I'll do the reverse, but suspect it'll be less lucrative.

FYI Panthera sent out a tweet at 1230ish showing the drill turning at Cascades:

https://twitter.com/pantheraplc/status/1631270127730843650?s=46&t=Z-9_1CcwlV3CfY5RlhMfKA

@Edhellas re:"not bad" I didn't want to come across as sounding rampy ;-)

In all seriousness, after a COVID-hindered slow start, MB is working hard on two fronts re: Bhukia (resolution 1st, litigation 2nd) while Moydow is progressing Cascades.

Could be an interesting H2 for Panthera.

7.5Moz at $80 /oz in-ground value is $600M. Assuming LCM get a slice of around $150M (15%, plus initial investment and additional faffing about), that leaves $450M for Panthera ($3.44/share approx.).

Not as good as a positive outcome, but not too bad either.