Member Info for elcobbledore

Real talk do you have any idea how much work it takes to build a functioning mine? It’s not like putting together bricks of Lego…12 months I don’t think is a long wait time to be producing 130,000 tonnes of lithium per year, worth £385m of revenue annually at today’s price.

Hi all,

Some good reading here…

https://www.mining.com/supply-chain-problems-in-the-forecast-as-battery-metals-demand-surges-study/

Sometimes it’s important to look at long term macro trends in the market,

Cheers
El C

Yeah fair enough Lav, guess was just a bit too optimistic with timelines. Easily done I guess!

That’s a good point and I’d be concerned if it was a 6 month extension. It’s only a few more weeks.

Yep frustrating but used to waiting…nothing changes long term for me here though.

Yep true, I guess in theory could still get one tomorrow to say it’s been delayed, worst case. Or we get an RNS today or tomorrow to say we have $100m in the bank…fingers crossed!

Hi Matt, from memory so far c.350k Oz worth over half a billion at current prices.

Cheers for the input Daz. Also what I like here is we already know we have a monster, but could be even bigger. Running the number with what we have, the profits are insane. Just imagine if there is a significant resource upgrade which has been alluded too…and think there is more to come as we have now sold West, so they know there is massive upside, just how much!

Good point Daz and let’s not forget the price that Bernie has forecasted is $2k per tonne for DMS build and we are currently at just over $3.7k per tonne so it would to fall significantly. I did question at the time but he’s very clever, underpromise and overdeliver. I like it!

Quick qu for those in other mining companies..particularly solg and ggp…what caused the huge drops? That’s something that the article Daz kindly shared doesn’t tend to look into. Was it a poor set of RNS releases? It does seem theory is saying we are at the start of a big rise but keen to understand potentially what could cause the big drops later? Is it people have decided it’s as high as the share price is going to go then a massive sell off? Cheers El C

Yep thanks for sharing Daz!

Agreed, for me it’s also priced in the share price to an extent ie if it was in a more politically stable country I am confident the share price would be higher. Other African countries have massively problems with electricity supply, I would foresee that as a much more of a problem running a mine than the terrorist threat mainly in central and north parts of Mali.

For those who don’t have access to detailed statistical analysis tools, still showing strong buy. Of course I’d say don’t rely totally on this, use in conjunction with research you’ve done but hopefully once funding comes in, we can keep at 1p as a minimum (fingers crossed).

https://m.uk.investing.com/equities/kodal-minerals-technical

Wishing you a speedy recovery mercman!

It’s wine Sunday Daz!

Folks if you have a look at his posting history he isn’t the brightest although he thinks he knows everything about every stock.

This is what he posted for ECO…

ECO apparently being extremely conservative with a 300m barrel target04 Nov 2022 15:23
https://m.youtube.com/watch?v=qU9i2tRfneo&t=239s

Listen to the above from a couple of months ago, he thinks a target of 900m - 1.3bn barrels is more realistic.

Scorching.

Hahaha…Yeah what was the price now vs then when you posted back in Nov 2022? Ain’t exactly scorching hey pal.

Under half.

So you’re not all you think you are. And stop telling people on a kodal board what they should be doing. It’s their personal choice, stop telling people how they should be trading their own money you idiot. Certainly not following your lead!

I think he’s just winding us up, say his name quickly and you’ll see.

Also a fantastic CEO which I certainly believe in.

And by calling me a non savvy investor maj you are an arrogant twerp

I think it’s pretty arrogant to say that, how on earth can you possibly know what will happen to a stock before it actually happens. I can’t and you can’t. Not even the most savvy investors as you call them will know that. It’s a personal decision so let people do what they want, ie buy, hold, sell. I’d suggest you don’t tell them how to invest.