Member Info for elcobbledore

Cheers Daz, last day in Egypt today, loved it!! All the best and speak soon…

Hi, it’s very hard to predict but I doubt we will be anywhere near that level by end of the year. In a few years possibly.

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

One thing to note is technical analysis is still showing strong buy, not always correct but MMs are desperate to buy kodal. Big institutional investors want a slice but can’t buy the quantities they want so I’m holding these puppies!

In theory for just the lithium, DMS plant over 4 years will generate over $1bn which we get 49 per cent. That’s at $2k per tonne. We are currently at $3.7k per tonne so if that holds that’s $1.85 bn which we get 49 per cent. Over 4 years! Plus this is just the baby plant, once the full scale plant gets up and running volume will be higher. Also this assumes no increase in resource, as we know we have many millions in the bank to drill and expand, we could be sitting on a lithium monster…

Plus gold, 350k resource at the mo, could be a lot higher, £565m at current prices.

My thoughts are around 1.5-2p by end of year, 3-5p over the next few years. If we get a huge expansion in resource these are likely to be higher. But as always these are my thoughts only so please Dyor.

So I think there is a long way to go here, and I believe Hainan may well buy out our shares at some point, and that’s something I don’t want to miss out on.

Hope this helps,

Cheers
El C

Totally agree mercman, I think as the share price and value is shooting up considerably it becomes more on Hainan’s radar. Let’s await and see some of the drilling results, fingers crossed they should a decent increase and as you say they may decide to offer a decent premium to buy out our share, after all they did that with our shares and offered 0.5 when the share price was 0.25 so clearly paying a premium doesn’t matter to them if they see a potential decent return on their money. I did think at 0.5 it was maybe a pipe dream but as it’s gaining momentum and a lot of interest it becomes more likely.

I was wondering if Hainan did offer to buy out our share, is this something anyone thinks potentially could happen, perhaps not until we are producing with higher confirmed resources, but keen to understand various scenarios. I’m still holding for some time but wondered if further down the line could they offer a decent premium like 100 per cent premium for the $17m investment in shares, and how would this work? Assume it would need Malian and Chinese sign off plus also shareholder approval to go through so certainly big hoops to jump through? Any thoughts appreciated, have a great weekend all!

Hi all thought some of you might be keen to understand the theory of potentially how miners grow.

https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

Just note this may not of course happen so it’s a theory but if it happens to Kod then happy days!!

I think for me what I’ve learnt are 4 things that have helped me here…

1. Strong fundamentals
2. Decent market trends
3. A fantastic CEO
4. Having patience!!

Hope that helps others, all the best to all holders!

Cheers
El C

Pleasure momoni all the best to you

Pleasure sharebug all the best to you! Long term hold for sure.

Pleasure Paris, enjoy a few glasses of red this eve, think I will too. It’s not been an easy journey for sure but finally reaping some rewards. All the best to everyone invested here, long term should be even better I hope.

Yeah guess it’s ok I always tend to think about what I could have done better and bought other stocks that have lost money. Maybe I should just sit back and appreciate actually I’ve made a great call being in with kodal. Just the way my brain works I guess!

Wow 0.09 is an amazing average well done! mine is 0.32 but got a reasonable holding of 41.7m so not too shabby (could always be better of course!)

Depends who you are with.Freetrade don’t do it and I got caught out selling at 0.38 and buying at 0.54. Most trading platforms do it though I think.

V true Lav also looking at the bigger picture, by having a lower lithium price, the price of electric cars will be lower which pushes demand up which then pushes lithium prices up. And it’s been in freefall yet current price is still 88 per cent MORE than the calcs that Bernie has used. So a good position to be in…

Sorry am blaming the heavy gin intake and lack ok sleep on hols!

Ok cheers for this I’ll go off the link accionista sent to help track prices.

Please go off this instead not the one I sent, thanks accionista. So well above the $2k per tonne kodal have used which is due to achieve $1bn in revenue over 4 years so at current prices would be much more than this.

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

Ok thanks, I’ll go off that one as seems more reliable, so in the case still above $2k cheers

Here is the link I found

https://tradingeconomics.com/commodity/lithium

1 Chinese yen is 0.0075 $ so 202,500 equates to $1529 unless I’m missing something.

Alright Daz hope you’re doing well fella, just wondered in your opinion what is a the likelihood that further down the line Hainan buy our shares at a decent price to have full control?