Member Info for elcobbledore

Ps that’s based on $65m DMS build, $325m build for floatation (assume same as Leo stage 1/2 combined), c1 cost and selling/transportation $436/125 pt respectively as per previous RNS and current spod and exchange rate, so these may change

Ie total profit for DMS is £1.04 Bn and £2.72 Bn for floatation, Kodal gets 41.65 per cent of this.

Hi Roman, nope those figures are the profit to kodal only ie 49 per cent of 85 per cent (10 per cent plus the additional 5 per cent). Hope that makes sense?

Hi all, I’ve updated figs assuming we do have to give the extra 2.45 per cent to local governments. Based on this and using the spod price of $3180 and exchange rate of 0.8, Kodal’s profit is estimated at £432m over 4 years DMS and £1.13 Bn for floatation assuming total spod 1.94mt (and assumed floatation build is $325m using stage 1 plus stage 2 for Leo as likely to be similar).

Sure Stephen here we go.

https://www.metal.com/Lithium/201906260003

Based on just DMS 4 year period Kodal’s profit based on current price per tonne is £428m based on 0.79 exchange rate and c1 cost and selling and transport costs of $436/$125 respectively per tonne.

That’s based on kodal having 49 per cent of 90 per cent ie 10 per cent to Mali. This may change as we may have to give another 2.45 per cent which won’t affect figs much.

That’s just over 4 years.

When the floatation plant comes in, based on the remaining 1.42mt, Kodal’s profit using the same

Figs is £1,119,074,358. This is profit not revenue. Also doesn’t assume any increase in resource, and I’m confident there will be a decent increase as Leo has a big uplift in MRE. Hope this helps.

Now the 5m trader is buying again…trading the share I guess

Interesting Lav and thanks for the explanation, seems much more complicated than purely looking at the purity per tonne.

Legend thanks Daz 👍

The only thing that perhaps isn’t great is the gold grades? Does anyone have experience in this? Seems like they are on the low side? Obviously a lot more drilling is required though.

Ps all looking v strong and said long stop date is 30th Sep with no mention of this being extended. Loads of activity happening on the ground and zero debt with c £2mcash balance 👍

Https://www.voxmarkets.co.uk/rns/announcement/afbcc669-c65c-49db-8746-2122c174e2f9/

I’m reading Tesla are also reducing prices to boost demand?

https://fortune.com/2023/08/14/tesla-china-price-war-new-cuts-byd-share-price-down/amp/

Interesting, likely to lead to more demand for lithium if there is a price war between manufacturers.

https://electrek.co/2023/09/04/volkswagen-slashes-id-4-prices-china-starting-20000/?fbclid=IwAR3LVpYvji4wnOpztJA3EdT4vWwJ5MdDZ5E5wDM6vvELIraFzZJsEE0kktU_aem_AbHPRDv7i20BiQFHxvYa39FWJrQv-uRNMV6LxLVqmdo3Fc5_FiPqVeuiHc9yZ-LxBQ4

Yeah that’s what I thought, just v bizarre that it’s exactly 0.5 but could just be a strange coincidence.

At least I think it’s a buy!

Clearly someone is confident

Here is the info from the RNS. Doesn’t say when this has to happen, so I’m v confident this is part of Xinmao’s shares as the exact price paid was bang on 0.5.

Kodal and Xinmao have entered into a subscription agreement (the "Kodal Subscription Agreement") pursuant to which Xinmao has agreed to subscribe for the Kodal Subscription Shares for an aggregate subscription price of US$17,750,000 (£14.5 million), equating to a subscription price of 0.5p per share, being a premium of approximately 100% to the previous 10-days' VWAP. Upon completion of the Kodal Subscription, Xinmao will be the Company's largest shareholder with a shareholding of approximately 14.81%.

I think it’s absolutely a buy and I’d expect some more chunks to come in from Xinmao, way too coincidental to be exactly 0.5 when the Xinmao agreement was 0.5.

Ps could be wrong and it may be a sell but thought why would someone sell £1m worth in the run up to some amazing game changing news?

Folks I may be wrong here but Xinmao have said they are buying £14.5m worth at 0.5p, just so happens this 235m buy worth £1m is at 0.5p so therefore could it be part of the Xinmao agreement ie part of the agreement to buy £14.5m worth?? Seems like it could match?