Member Info for elcobbledore

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?

Here is a decent article worth reading..explains a bit more about the price dip.

https://www.theautopian.com/chinas-battery-price-war-is-built-on-a-shocking-assumption-about-lithium-costs-report/

Yep exactly Daz, ultimately I think it’s so important to look beyond the noise and think have the fundamentals changed, eg poor lithium grades etc, if they haven’t then holding I agree is best…

Hi all from sunny Egypt! Having a lovely time out here! For those of you potentially sitting on the fence or newbies, here is an article that may interest you.

https://www.ig.com/au/news-and-trade-ideas/asx-lithium-stocks--where-will-lithium-prices-go-next--230302

Current lithium price is lower than what kod has forecasted.

https://tradingeconomics.com/commodity/lithium

So currently at $1528 per tonne vs $2000 per tonne that kod has used. Do I see this as a problem? Absolutely not, prices are in free fall due to China stopping subsidies. There is still forecasted to be a supply deficit over the coming years which will ensure long term prices are healthy.

Once the $100m has been confirmed hopefully we should see a re rate upwards, plus as many people have said drill results could show a big bump in resource, who knows, but considering our land holding I wouldn’t be surprised seeing a decent increase.

Then there is the gold, 350k Oz as it stands, and we have only scratched the surface here so long term could see a good uplift too. That’s what I love about kodal, we have both lithium and gold (to which zero value had been attributed).

Bernie keep on doing what you’re doing, one of the best CEOs on AIM for sure!

London stock exchange still showing a 0.68 close

Pleasure Okawashy, all the best to you and your family.

Clapa don’t worry about what you could have had, you could have lost it all…it is AIM and not many people can walk away with being able to afford a lambo with the profits mate, so give yourself a big pat on the back son!

Fair play clapa! Yeah thanks to all the advisors who helped me to make an educated decision back up by my own sound analysis. We are still early in the big rise for the lassonde curve so we will see what happens. I should go on holiday more often!

Yep good point Daz I think it’s pretty unlikely, as you say would have to be one crazy deal.

If a buyout does happen, then it might be good news…they will have to stump up some serious wonga for Bernie to even consider it. But think it’s too early to think about, once we are up and running then who knows Ganfeng might be keen after snapping up next door if they see some big returns re Leo lithium. We will see..

Still a decent average come on bernie and you should make some £ out of it. I’ve made a few errors too, shows we are only human…long term hold I hope we get rewarded.

The big juicy RNSs haven’t even landed! Just imagine when they do, all aboard the kodal rocket!

The Andy man congrats on making a profit as that can be hard to do on aim. Bit of advice though sometimes when you want to buy you won’t be able to and orders will be rejected, this has happened to me before and then had to buy at higher prices. So yes say trading kodal can be done of course, I’m long term holding here as wouldn’t want to be out of this when many chunky RNSs hit, up to you though, I’ll never tell people how they should trade as that’s up to you, good luck whatever route you go down.

Absolutely Daz, hard to see exactly where this will go once confirmed funding comes in, my guess is 0.7, but when I bought last Thursday it was a nightmare buying and my orders kept getting rejected. I think as soon as it comes in some big institutions will want a slice for sure. Good to have faith in Bernie, he’s played a blinder so far.

True Lav plus the fact Hainan paid 0.5 for $17m worth of shares…they are astute business people and want a significant return on that too.

I also agree folks, think we could see 1.5p in 18 months or so, it won’t go straight up of course but seems a good stab in the dark for now. If our resource is expanded hugely then it could be higher but with what we have right now I agree regarding 1.5p potential.

Haha Daz yeah enjoying Egypt just had a bit on downtime…got myself burnt day one, standard, the sun here is fierce. Have a good day all, I’ll have some beers for you!

Hi, v hard to determine what it should be at, but my view is that it should be a few hundred million market cap judging with what we currently have, I think the market will start to wake up and realise we are significantly undervalued. Historically I think this was due to Mali being judged as too risky to invest in. It’s still risky but ultimately the government need this project to be a success as it can really improve the poverty they have. Also I think it’s a good thing china are involved, they aren’t here to mess around and have realised there will be a supply/demand gap for lithium. Hope this helps, as always Dyor but I do feel there is money to be made here long term.

Bang on guys, also for any new investors who might be panicking about lithium prices in free fall…current price is $1650 per tonne, in latest pres the figures from memory are less than this and just the DMS is forecasted to generate $1 Bn revenue and that’s just the start, showing zero upside on expanding resource, nor placing any value in gold, hence why the market cap we currently have is crazily low for what we have.

Yeah it’s starting to gain decent momentum and hats off to Bernie, he’s getting some good media coverage. Been buying like you merc over 15 months with average of 0.32 which I’m happy with, 41.7m shares, first dip into stocks, so just sitting on my hands now for a couple of years, in theory at the start of a decent rise. Good luck folks.