Member Info for elcobbledore

I’d also like to apologise to you Badomen for my slightly fruity language. I’ve been out all day on the beers catching up with mates. We all want kod to do well, hard to not lose your head a little…

Fair enough Badomen I wish you well as everyone here. Thanks for the apology anyway have a good weekend.

Badomen, don’t be a prick saying people of questionable intelligence didn’t bank profits. No need. Some are underwater here and hopefully they can make a decent gain. It’s impossible to sell at the top and buy at the bottom. If you think you can, you are deluded. Surely it’s best to wish people well here long term rather than questioning someone’s intelligence.

That could be the case Neildra as it was a little strange the $750 pt was removed from a more recent draft. Guess we will have to wait and see what happens. Fingers crossed.

Could it be that Hainan are also holding this up by not agreeing to the floor price of £X? I remember seeing in a pres it was $750 pt but nothing was agreed in writing. Maybe Hainan won’t agree to a floor price until the export permit is sorted? Just speculation tbh, thoughts appreciated. I’m hoping we have clarity on this soon. At least it’s not just kod affected by also Goulamina mine.

Personally I wouldn’t but I’m not in their target market (44 yr old). I also don’t get involved much in the latest tech etc. but I do think for a younger generation, absolutely it could catch on, especially the metaverse stuff eg benfica 3D store, as well as virtual concerts etc

Https://www.metal.com/Lithium/201906260003

A bit of an increase today but still low. I think Bernie said that there was due to be some saving on transport? Our AISC was $647 pt so producing around break even.

But these are spot prices. I reckon floor price on the offtake should be sorted soon (wasn’t it $750 pt on a pres?).

Mali won’t want loads of lithium just sitting there in stockpiles, that’s real £ for them (many millions). Let’s hope they see sense and get the permit sorted soon once kod reaches nameplate capacity.

Gold price still v high so I’m keen to hear more about developments here (been keen for years to get these developed)

True, tbh I have no idea what the value is of IR/Napster. It really is finger in the air. Some tech valuations are nuts. All depends on the metaverse being a success. Be interested to see if other footy clubs follow benfica…

*didn’t invest not did

Thanks for this research lotm. I think Mindflair will indeed come onto people’s radars soon. Even if we did invest in Napster the current market cap is still silly. But adding in some value for Napster, the market cap the current market cap is a joke! Hence why I’m building a strong position here. Anything sub 1 should do v well long term imo if you hold and with only just over 500m shares in play, people will be fighting to get some when news hits.

Hi Badomen, I have to disagree re this price environment being ok for high cost miners. Can they soak up making a loss? Yes, but it’s not sustainable. If it remains around this level for the next couple of years they will go bankrupt. That’s why kod is fortunate being a low cost producer. If we were high cost we would be in a very tricky place.

Well the one thing kodal has done correctly is play ball. If you don’t, you are in serious trouble. Eg barrick. I do believe Bernie when he says kod has a decent relationship with the Mali government. I also think the stuff kodal has done for the locals eg water supply and building a road…shows Kodal in great light and stuff like this I’m hoping will get it over the line.

Good qu, I think we’ll be in this 0.25-0.28 tranch until we get news. Spod price still under pressure but it simply HAS to rise at some point as many are making a loss which just isn’t sustainable. I’ve waited a number of years so a few more months isn’t going to matter a huge amount. It is frustrating that the resource upgrade has been pushed back but I understand priority number one has to be getting to nameplate capacity with no issues. There should be a decent upgrade ie 50 mt which should add value. And as I’ve said before by Mali taking 35 per cent, it makes the likelihood of a buyout more probable as Hainan will want the remaining 65 per cent. Kod has low cost, decent quality, high volume. Just in a real downturn in the market. It will pick up and when it does Kod is well positioned to take advantage.

I do think once resource upgrade is released then Hainan will pounce. But I don’t see this coming until the export permit is sorted. A few more months of waiting I think. I hope!

I suppose the one thing to bear in mind is Bernie has a huge amount of shares so will be doing his best to get this over the line

Https://www.iea.org/reports/global-critical-minerals-outlook-2025?trk=feed_main-feed-card_feed-article-content

Worth a read, shows gap between expected supply and demand

They have already played hard ball with the 35 per cent and got their way. If they tried anything else it would absolutely ruin their reputation and don’t think anyone would invest. They play tough but they aren’t stupid.

No worries best of luck whatever you choose. Sometimes it’s best to go with your gut absolutely. All the best 👍

It’s a personal choice nettles. For me if I had any spare £ anything less than 0.3 would mean averaging down and I’d buy some more. Or consider waiting until the export license has been sorted, it may be a safer way to do it albeit you may pay a slightly higher price who knows. Or consider investing elsewhere (I’m in Mindflair as an example, AI focused) to diversify. Your call really…hope it helps!

Https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/lithium-forecast/

Quite a good article about looking to the long term potential. Still will be short term pain.