Member Info for elcobbledore

I think we will see a re rate when the money actually comes in and also when (hopefully) we will see an increase in our resource…still massive value to be had buying at these levels!

Interesting article, we are just at the start of the big curve upwards…

https://www.thearmchairtrader.com/vr-resources-mining-exploration/

I do wonder if it does go well, how likely is a full buy out? I won’t be selling for a long time but always think when is the right time to sell, just imagine full buy out for over 500m when we are producing…

Absolutely swest, lithium is where it is at, I had a chance to get ALL for 27 and instead went for Kod, I think both will do well and both derisked after finance. Best of luck to all of you ALL shareholders I think you will do very well long term.

Yeah I still can’t quite believe we’ve got 80 per cent funds MORE than we needed. That’s quite frankly is insane and if that doesn’t give you confidence in Kodal nothing will. The best deal I’ve ever heard of on AIM.

Fair enough Bottled, everyone is welcome to do what they choose, I do think some traders are going to get their fingers burnt with pumping and dumping. All the best.

I’m not so sure it is a share worth trading Bottled. It would be damn stressful trading it, and potentially missing out on big opportunities. For me this is a long term hold and a 2028/30 play. But each to their own, wish everyone good luck whatever route they choose.

I’ve just done that, be interested to see what he says. Maybe it was part of the deal to get it over the line, so in the grand scheme of things it’s all about Bougouni, west would take a lot of resources and costs to get up and running. Keep you posted.

Also for anyone new here is the lithium price chart.

In summary, whilst it is falling a bit (largely due to lower demand in China because of Covid and subsidies being removed) it is still WAY above the calcs that Kodal have used to calculate revenues. Kodal have used sale price of $2080 per tonne. We are currently at $3704 per tonne so definitely being conservative…hope this helps any newbies.

https://tradingeconomics.com/commodity/lithium

Sour grapes Wolf, as Daz said you’ve back the wrong horse.

Yeah huge investor has paid 17m at 0.5p, so expecting a decent return on that. The current share price is an absolute bargain!!

Buys in at 0.35p they did well entering at that price…expecting a swing to blue later. We will see, I’m not fussed as long term this should deliver considerably.

They have until 30th April to get funds sorted. I’m hoping it doesn’t rise too much so I can go max ISA from 6th April.

Just the £127k trade. Not sure if buy or sell though.

There may well be a bit of a dip when people are taking profits and may yo yo around for a while but if we do compare to something like prem, their share price is approx 3 times what it was a year ago when news landed. No reason why ours can’t show a similar multiple so takes it to 0.75p by year end, in my opinion…

Why can’t holders of prem and kod do well and wish each other all the best? There has been so much rubbish sprouted on the kod board by certain prem investors. No idea why. Possibly the opposite is true too, I don’t know.

Absolutely mate, always thought Bernie has acted with integrity and he seems like a pretty honest CEO. Definitely helps that he is a shareholder himself. I’m holding for some time, think this has many bags in it to come…

Happy birthday mate! We’re like Traore, all greased up. Good luck catching the kodal rocket!

It’s a pleasure mate, all the best and crack open some wine/bubbly/beers to celebrate. Glad I could be of help, it’s my first big investment (40m shares) and spotted huge potential to have a decent upside in a market that is only growing.

Hi crumbles Bougouni west was the exploration target which may contain a lot of lithium, right next to Goulamina. It’s unexplored so a lot of work to do there. Yes Lav could be a possibility I suppose, almost could have been a bargaining chip as part of the deal. Guess it will all come out in the wash.