Member Info for elcobbledore

Ok cheers Laverda, makes sense. Anyway how we cut it we are in a super strong position with demand going nuts for lithium!

Well it depends on the supply chain. Huge supply deficits forecasted for 2022-2024 then it balances out a bit, but still a marginal shortfall. Prices should therefore remain relatively high, way higher than what Kodal put in their last NPV calculation! Can someone explain as a scenario if we were to be bought out? Would there be a trading halt and then a shareholder vote on if the price per share offered is viable? I’m just analysing some scenarios cheers

Here is the full link on Kodal’s LinkedIn….we are in a strong negotiating position!! https://www.bloomberg.com/news/articles/2022-08-23/china-lithium-prices-near-record-as-power-cuts-squeeze-market?utm_content=energy&utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-energy&utm_medium=social

Hi all, I see at 839am there is 13.75m (likely) buy but then it has a minus 13.75m against it. Does this mean that someone wants to purchase 13.75m shares but these aren’t available at this time?

I also think long term it could well reach 3p, Bougoni west hasn’t even been explored yet and we have exclusive rights to acquire, plus there could be upside with current project too. I think it might be a bit rocky getting there with recession cloud accumulating but I am in it for long term and like you mercman I’m holding until I see big gains.

Wow well done mate re GGP that’s an insane profit!!!

Yep I think it’s v undervalued at present and we are sitting on a resource v v high in demand.

I can see long term this achieving 2-3p. Reason being we have NPV of c£481m at bougoni with a v conservative price per tonne, based on license of 97 sqm. Kodal has total land holding of over 800 sqm….the largest lithium developer in W Africa based on acreage. So providing the lithium percentage is similar in areas that we haven’t even explored yet, I can see this being many many multiples, in my opinion at least 2p but over the long term over a few years. Oh and that’s not including any valuation for gold. Dyor…

Yep and being their neighbours is a massive plus as de risks it the project. There a healthy competition between KOD and LEO on who can be the first producer too…

Our time will come just don’t know when…look at prem yesterday look at bradda today. Interest is building now in lithium stocks, happy to wait as confident Bernie is securing a good deal for us all.

Any idea what caused the spike? Just interested…am confident our time will come

I do also think our time will come. Look at prem for example, no RNS and massively up because news is expected. I do think the same will happen with KOD. It’s all about being patient and topping up at these crazy prices!

Yeah agreed although for me I’d rather they just take time to ensure they have the best offer. We are in a v strong position to be able to have an asset that we know is in strong demand over a large number of future years so we are in the position of power and can turn away poor value offers. Just need patience and I’m confident it will deliver, not sure when though!!

As I’ve said I’m not panicking and I have over 32m here. For me it’s a long term hold and should deliver in multiples over a few years.

It is frustrating….think bottom of 0.24 and will fluctuate between 0.24 and 0.28 then with news into 0.3s quickly, at these prices it’s certainly worth topping up, I will at pay day

Kodal I hope is going to be like brave heart…hold hold hold. It goes against me being an impatient person but I’m confident of a decent end result on funding (likely JV imo). Not sure when it will happen, reckon within 2-3 months but that’s just a guess.

In that case I think they would offer current shareholders new shares in the new company at a decent discount, but I’m not totally sure

I think it really depends on what the JV states as they are all different, in theory as soon as a JV is announced it should result in a bounce in SP as funding is a big hurdle to get over. Having said that we know multiple companies are interested to Bernie I am sure will ensure he gets the one that delivers most shareholder value over the line.

Let’s not forget Kodal is not just Bougoni, it has gold (prob will add a bit of value) but for me more importantly is Bougoni West which is totally undiscovered…assuming it’s made of similar composition to Bougoni it could be a monster lithium deposit. Even if we just take current Bougoni and nothing else the share price is insanely low and we are significantly undervalued. Hold and I hope we will be richly rewarded!

Also let’s not forget it’s crucial to have buy in from the local and national community and according to Bernie they have significant support and we already have a mining license which is a huge hurdle leaped.