Member Info for elcobbledore

Totally agree onlyking…Hainan need a lithium source to feed their processing plant. Mali need the money. Chinese are a proud bunch and I can’t see Hainan pulling out, the race is on with securing lithium and Bougouni should be a top 10 world resource considering Leo is number 4 at the moment. Long term hold all day long. We haven’t even looked at the gold where there could be huge potential (Hainan have mentioned multiple times about gold so clearly keen).

For me not sure LLL confirmation that it’s to do with ore will do much here, but expecting massive rise when funding lands as project fully de risked. It went from 0.39 to 0.88 so 125 per cent rise so using historical patterns it could be similar, we will see…

I just think people realised how undervalued it was and still is. Funding news I hope is less than a month away, then in theory a substantial rise as project is fully de risked.

Roger65 I think you need to research more, your comments are rather stupid. Why is the deal off? Did you research how long it took Leo which is next door? Didn’t think so. On similar timelines. So if the deal is off where are Hainan going to source their alternative supply of lithium? Just magic it up and find an alternative supply? Go back to the drawing board deramper.

Yep absolutely, plus part of me thinks that the reason we sold Bougouni West to them was to say if we can help share infrastructure eg roads, power lines, logistical efficiencies etc etc then we will give you even more potential lithium. Guess we will never know but definitely good to have Leo next door supported with one of the biggest lithium companies.

I’ve filtered lots of the derampers so won’t get a reply.

But, assuming you’re clever enough to read see below.

https://247solar.com/best-and-worst-places-for-mining-investment/

Zimbabwe is the WORST country to invest in, so kindly don’t come over here when the company you’re invested in is in Zimbabwe. Whilst Mali isn’t great, id much rather be invested here.

As I’ve said previously I think this is one of the best deals on AIM. Build cost $65m for DMS, Hainan are giving $117m ($17m shares and $100m). They’re not stupid they are a major miner. So don’t you think they’re confident there is a load more lithium in the ground? They wouldn’t exactly want to throw away the exploration funds. Long term I’m confident it will come good, it’s just a holding game. People who trade it will have to be on their a game, I don’t have the balls for that. Current lithium spod $3.4k, kod is assuming $2k.

Definitely agree Lav. Seems the more I read about ore the more problems creep up. Kodal has without doubt gone the best route. Some people may not understand it fully and think kodal will have issues, but it’s not connected. The only downside I can see is Mali taking a larger cut, but this will only be 2.45 per cent extra for kod vs previous law (obv they can take an extra 4.9 per cent extra PAID FOR once production starts so really not a big deal. Ultimately it’s in both parties interest to get mining as quickly as possible. Mali want to get rich on this too let’s not forget.

Usually fool articles are rubbish but part of it explains it’s to do with ore and maybe the fact that Mali want it to be processed in Mali, not another country. We know Mali aren’t exactly quick. Hope they get it resolved asap.

https://www.fool.com.au/2023/07/27/leo-lithium-share-price-remains-frozen-heres-why/

Tree stump I get you, it’s v strange behaviour and I feel sorry for these people, they’ll look back no doubt and think why on earth did I waste so much of my time trying to antagonise people with stock I didn’t even own. Seriously though it’s so much better just filtering them so I don’t see their moronic posts. It’s just jealousy ie they’ve bought a stock that will never recover so instead try to bring other people down on a much more promising stock.

Hi all, I know we are feel frustrated when this delay. Less than 5 weeks we should know re funding and really hoping the cash lands. In 3 weeks the share price more than doubled from 0.39 to 0.88 with great market sentiment when we thought funding was imminent. It wasn’t so hence SP has drifted. Once funding has been secured the big boys will start buying as whole project is de risked. I am not at all patient but realised with stocks you just have to be to do well. Best of luck everyone not long now I hope!

Credit to elphamale for this analysis below. It proves Mali is very much open for business for mining companies.

https://twitter.com/lithiumanalysis/status/1683736339110305793

Yeah fair point, we should know by Thursday re Leo I believe? I’m pretty sure like you that this is solely to do with ore but we won’t know for definite until we hear from them.

I’ve also sent St Brides another note asking for an updated interview from Bernie. Maybe if a few others do it we will get one (can find their email address on contact bit on Kodal’s website). I think we really should have some sort of interview, and Bernie’s interviews are usually decent.

Plus sometimes in investing things don’t make sense. Remember when we received the license? Share price actually dropped! Madness. Long term for me here, there will always be rises and falls but I’m confident will be a good solid investment long term. Lithium isn’t going anywhere soon.

Exactly…we have a license valid for 97 km2 until 2033! That is hugely positive, having a license is absolutely critical in mining. Leo has 100 km2 next door market cap £600m, they are just quite a bit more advanced in drilling and have added a load to the MRE. When the cash lands Hainan will want drilling to commence asap as they know it’s highly likely there is way more lithium than our current MRE out there. Having Leo next door is a useful benchmark on what we can achieve.

Https://investingnews.com/amp/lithium-forecast-2655236194

I’m not sure fpvone, I am disappointed by the current price for sure but I do think as soon as the £ lands, that’s a pivotal moment as it fully de risks tv e entire project so therefore some big investors are more likely to part with their money. I’d also expect an uplift with more drilling results adding to the resource. So I’m still holding long term as I do believe there is room for a significant uplift, but each to their own. It’s hugely undervalued at the moment, I’d be surprised if long term at the very least it’s 1p (I’d expect more like 2-3p over the next few years but prefer to under estimate). Fingers crossed we can get there, let’s not forget Bernie is massively incentivised with the share price and has a load of skin in the game. So if the share price languishes it hurts him too, let’s hope funding lands soon and we can move forwards.

Also best to just ignore these muppets, they truly are clueless and lack intelligence, way easier to not waste your time replying and filter 👍

Taken from shares chat twitter thanks

https://www.agenceecofin.com/or/2107-110510-mali-le-proprietaire-de-la-mine-d-or-sadiola-va-developper-une-autre-mine-d-or-a-450-km-de-bamako