Member Info for elcobbledore

Sorry was 100m US and 18m US shares, massive.

Hi Crumbles yeah merc did a great summary but lots of chat so in summary awesome RNS, think was 117m US (we only needed 65m) plus extra 17m US for shares priced in at 0.5p. Huge amount of cash to get it up and running 12 months from receiving the cash. Bougouni West sold for 2m but hey ho all eyes on the main event, could be lots of upside on the lithium reserves for Bougouni. Drilling will commence asap to upgrade resource. Exciting times…

Cheers Okawashy, I was always a believer it would come good, and we’ve barely started. I’ve already opened the red…might have a hangover tomorrow. All the best to you and everyone who has kept their nerve and avoided the utter ****e sprouted by some muppets.

You are a clown.

You have as much investing sense as Terry Tibbs.

Don’t think so, I’ve been holding for a year and will continue to hold. Current market cap is still so low vs potential, you wait until we are producing…billions of revenue.

No surprise but kod is number 1 on AIM riser board, well done Bernie!

0.4 done, all aboard the kodal rocket

Hahahahhahhaha almost spat out my coffee

What I love about this RNS is the fact we’ve got way more than the required 65m dollars required, Hainan have spotted a huge opportunity here.

Devil666, wolframite strangely quiet today! A great day for Kodal holders and teaches you not to listen to clueless muppets.

Yep true, most significant is that we have funding and Bernie is one clever cookie to go down the DMS route first. Is it too early to crack open some bubbly?

Agreed, amazing reading, only negative is just weird Kodal would sell West so cheaply at £2m though, has huge potential.

Haha! Paris have you cracked open the red yet?

£2.1m bought and it’s 11am!!! Get in.

Up to you but once the chunky investors come in I think it will fly (and the fact Hainan shares are 0.5p).

It’s happened folks!! At last, and a good riddance to a few of those moronic prem posters saying it would be sub 0.2p…see ya! Only thing is Bougouni west for £2m seems hugely undervalued, why not keep it as it has huge potential? Unless I’m missing something?

Yep true but I guess the market has definitely moved on since then and lots of car manufacturers are scrambling for long term supply. Ganfeng got an amazing deal with bacanora and they know multiple others are interested in kodal so if they do offer something it can’t be a low offer or it will just get rejected and Bernie will look elsewhere.

Bang on Lav, the gap between Kodal’s current market cap and potential is incredible. I do think lithium prices will fall to about 400k yen per tonne (3k US dollars) and stabilise around this level. But that’s not a problem, Kodal’s calcs were on 2k US dollars from memory so still v conservative. No doubt Ganfeng would absolute love to either do a JV or buyout but Bernie is a clever cookie, he realises the massive value of Kodal and won’t crumble on a low ball offer (I remember in one of the shareholder meetings someone asked if he has been approached by Ganfeng and he laughed, power is in his hands!)

Here we go, quite an interesting read

https://www.mining.com/web/lithiums-next-big-risk-is-grand-supply-plans-falling-short/