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I’d also say it’s not out of the question for Bougouni to be bought out (at a reasonable price) and then shareholders gets shares for free in the gold assets.
Https://cnevpost.com/2024/03/28/catl-yutong-launch-long-life-battery/
I’m with you Clapa, it’s crystal clear Hainan want to grab as much of Bougouni as they can.
Hi all, I’d also say please can kod holders be respectful of prem holders? No point in saying we’re better than you etc. I along with many others have made calls that haven’t worked out. Let’s be amicable folks. No point in saying we’re better than you etc etc life is too short and enjoy it whilst you can 👍 no one unless you’re a twat wants to see any PI lose money (unless jpc who is an idiot)
Hi all, I’ve asked the below just to avoid anyone else asking the same questions.
Please can you provide an update on the mining license transfer? Why is this taking so long and when will this be completed?
Has Bougouni West been sold to Leo Lithium in light of their recent issues? Will we continue to get a royalty?
When we will get updated MREs for gold? Assume lithium is the main focus but good to get an update here please.
Yep agreed, Bernie hasn’t let us down yet and negotiated the best deal in AIM history being more than fully funded for a junior miner. Yes there were delays but these were out of his control. Africa is notorious for it so as far as I’m concerned he has been a fantastic decent honest CEO and there are few of them in AIM
Auxin Mining Services Mali SARL is a subsidiary of Beijing Auxin Chemical Technology Ltd, which is in turn, a subsidiary controlled by China North Industries Corporation (NORINCO). Auxin is active in West Africa in the areas of explosives manufacture and distribution, and contract mining services. Auxin have existing contract mining operations at projects in Namibia, Nigeria and Zimbabwe.
EGTF is a fully owned Malian company and is well established in the fields of earthworks, civils and contract mining in West Africa. EGTF has worked with numerous mining companies in West Africa, including Randgold/Barrick (Morila and Loulo) and AngloGold Ashanti (Siguri).
I also think it’s great to have a Malian company on board utilising a local workforce.
Reggie can you tell us how much profit kodal will be generating for the DMS and floatation based on the current lithium price and the AISC?
V good RNS, short and to the point! Everything falling into place nicely. Clearly have local support too which is important. Surprised again re constant confidence in Q4 production, would be great if that could be done. Great job Bernie Steve and the rest of kod so far.
And re my personal expectations yeah anything 1.5p plus. I’d be v happy with anything northwards of 2p and ecstatic of 3p plus. But no backing these figs up, a TO may well not happen. We just know kod is hugely undervalued right now and M&A will be hot in the lithium space.
Really hard to predict tbh, a TO is certainly not guaranteed. Personally I can’t see Bernie entertaining any offers sub 1.5p when you analyse the potential value. But don’t think a TO will come until more has been added to the resource, they are keen to hit 50mt. I think it could well come once the DMS plant is up and running.
I’m just glad we have someone like Bernie at the helm, bidstack shareholders well and truly shafted. Feel sorry for them, can happen though.
I agree Daz I think it may come at some point. Don’t think Bernie will entertain any offers sub 1.5p but we will see. As he has always said, it’s a fantastic project with lots of interest, he knows he holds the cards.
Https://cnevpost.com/2024/03/20/china-nev-retail-335000-in-mar-1-17/
I do find it genuinely refreshing that kodal is part of helping the community and giving them a better life. Not many companies listed on aim can say that and only look after themselves 👏
Nice one clapa holmes 😉 great find!
Folks let’s not do the whole prem vs kod thing. I am heavily in kod but wish all the best to prem holders. No one wants to see PIs lose money. Hope it works out for you all
Hi all, thought it would be useful to provide an update on figs.
Assuming av LOM $1.5kpt selling price. C1 cost and selling and transportation cost total $561 pt based on an old RNS (can’t remember exact date). Mali get 15 per cent and Kod get 49 per cent of what’s left ie 90 per cent = 44.1 per cent of the pie.
DMS profit for Kodal £139m over 4 years at 125kt spod pa, based on $65m build cost.
Floatation profit for Kodal £631m over 10 years at 230kt spod pa, based on $325m build cost (took from Leo combined stage 1 and 2. Atlantic build $185m so maybe too punchy).
Current market cap under £100m.
Assumes no value to gold either which is at a record price (think saw previous MRE many years ago on Fatou was 350k Oz current value £605m).
So incredible potential future value and massively de risked as we are more than fully funded with one of the biggest miners on the planet.
I’ll be drinking some vino at lunch in the sun!
Andii question for you, name another aim share that is MORE than fully funded and has many millions of pounds for further exploration? And can pivot across lithium and gold?
Freetrade is cheap but doesn’t have some of the tech like bed and isa which I’ve been burned before trying to max isa when price moved a lot. Not a bad trading platform though, good for newbies