Member Info for elcobbledore

Hi all, any idea of rough timelines and next steps? Know Bernie mentioned he’s had a lot of conversations and he’s expecting to finish these over the next “few” months according to the latest proactive investors interview. Do we think most probably is a JV? Any thoughts appreciated…surely once these conversations are finalised and communicated we should see a huge spike?? Hoping so..

No worries Dr Pineapple, I think it does explain perhaps why some lithium stocks haven’t performed well recently. I just don’t see prices dropping anywhere near that level, demand will continue to out strip supply for a number of years which therefore makes prices to be held high. I could be wrong but those are my thoughts. Here is another article which may help. https://capital.com/amp/lithium-price-forecast

Could perhaps also explain why some lithium stock has struggled with Goldmans predicting far lower prices, but this prediction doesn’t seem correct as it stands.

https://www.mining.com/lithium-stocks-rout-continues-despite-fresh-hard-rock-price-record/

Oh and also the figures that Bernie used were v conservative…

Also on top of this there is Bougoni West which hasn’t been accounted for. Plus the gold assets. So in summary yes it’s v v undervalued in my opinion.

It was a buy

Personally I don’t see it being that high but may be wrong. I see 1-2p as a realistic long term target…but always conservative…

I don’t think it will be as low as 30p considering Bernie and the BOD have performance related bonuses at 31.25p I believe so would shoot the themselves in the foot

Yep absolutely, it’s just terrible at the mo due to all stocks getting smashed. We will recover. Just at a basic level looks at our market cap vs our resource, way undervalued. People are panicking due to the media saying we are going to enter a global recession.

Yep I’m pretty deflated tbh but I’m a lth, truly believe it will come good but hard in this climate

Yep it’s a bit bonkers, I was impressed with the RNS and certainly wasn’t expecting a drop. But hey ho that means I can top up on the flip side!

Absolutely, Bernie is clever and conservative in his estimates. Always under estimate and over deliver, good business sense there.

Ok cheers, appreciate the explanation.

Hi all can someone explain why we are in red today with more bought than sold? Is it because that’s not accurate plus the wider market had a bad day? Just trying to get my head round it.

Haha me too, it’s true though. I’ve missed out and sold shares at a loss then the next day it’s skyrocketed. No worse a feeling!!!

Hi all, just remember Buffett’s quote…”the stock market is a device for transferring money from the impatient to the patient”. I am v v impatient as a person but learnt for stocks you’ve got to be patient…

Yep agreed, also think those showing as sells 0.285 are possibly buys??

The trouble with Mali is in the North mainly and also some central areas. The south is the safest part where KOD is, many hours drive away. Bernie said Day to day ops are largely unaffected by the political climate. I’ve said it and I’ll say it again. Top 10 lithium resource in the world sub £50m market cap and that’s not even putting any £ on our gold assets. Massively undervalued imo. Dyor.

I have to say Bernie comes across really well…