Member Info for elcobbledore

The way I look at it is…Hainan offered the big cash injection at double the share price at the time ie 0.5 when it was 0.25. If there is a buyout it’s clear they will have to pay a decent premium on the share price. Fundamentals still incredibly strong and to have zero debt really is fantastic, with decent funds to drill and expand the resources. I’m positive we will get a re rate at some point just don’t know when…just remember kodal is 1 in 5000 who has managed to get to production. SC hopefully will be out selling soon.

Have you done any research barnetpeter? Maybe pay attention to what SVV say on how deep stack actually benefits Mindflair by lowering costs. Tiny market cap vs huge market caps in US so comparing them is rather silly.

Cheers Acker hope for a turnaround for you guys too

Indeed a fantastic RNS and it’s all progressing well and in line with forecasts. Not long until production gets fully ramped up but expecting more interest (I hope) in bigger buyers as this is a big milestone producing spod. Well done Bernie and team kod

Over the medium term yep, way undervalued at that price. No real reason for the drop either as deepseek could actually benefit Mindflair. I’d say just hold and wait.

For those who haven’t seen the video, here we go. All v positive.

https://www.brrmedia.co.uk/event-list-whitelabel/?partner=&apiitems=5&companycode=10KOD

Yep agree davey and sounds a great deal that you have got at Cambrian, a relative discount to nav per share of 10 percent wasn’t it? If we get this at Mindflair or near it, happy days…

I also think to an extent it’s largely irrelevant anyway. Reason being most mines can’t operate profitably sub $1000 pt whereas Kod can. It’s just a security blanket for kod.

Yep I agree, was hoping for $900 but at the end of the day it guarantees profitability. Lav totally agree on your note on timelines etc. all coming together and production in the next few weeks 👍

Well said broomtree. The data here doesn’t lie and current nav per share is 2.7p but likely to be higher. Therefore trading at a hefty discount. Deepstack has spooked people. But if anyone actually did their research the experts are saying Deepstack is a GOOD thing for Mindflair…and with share options in place the BOD are incentivised to get it moving up.

I do not know anything about Mr Palumbo but he’s only a small part of Mindflair. Mr Lee is hugely incentivised with recent share options to get the SP north so I can’t see this being a big deal…

Https://shardcapital.com/talking-ai-with-sure-valley-ventures-pt-2/

Previous MRE was 350k oz for Fatou many many years ago so this will need to be updated to a more accurate figure but clearly it’s a decent size

https://kodalminerals.com/operations/other-projects/

Agree, I had a similar situation in Kodal, they said time and time again we would be on the 2019 code. Then Mali changed everyone to 2023 code meaning they get 35 per cent share. As you say it’s happening all across Africa and nothing companies can do about it. Look at Barrick…they’re playing with fire going against the government. Hopefully ALL can get a good deal 👍

Lumipat I disagree when you saying upside is rather low.

The team has been going on and on about resource upgrades and been drilling for ages to prove this. They continue to say 50mt is absolutely achievable. If they get to 50mt and we base on $1kpt Kodal’s profit is estimated at £342m over the life of the mine. Heck even if we don’t get any resource upgrade (which clearly won’t happen), Kodal’s profit is estimated at £218m.

Then you have gold and with Fatou only previous MRE was 350k oz. Revenue based on today’s price is £782m, Kodal’s share estimated at £249m based on same share as lithium. Of course there are associated costs, but to say upside is limited I massively disagree with.

Ok cool thanks analyzer for the update 👍. There are so many investments built on hype. This isn’t. This is build on sound data.

Good to get the permits but still concerning no rat and perhaps Ghana will negotiate a larger slice. If this gets ratified as it stands, it will fly. Come on Ghana sort it out…

So I think this means as it stands SV and SVV1 net asset value for MF was £9m before increase in IR valuation which added a further £5m so therefore total net asset value right now is £14m, with a market cap of £6m. Undervalued hell yeah!

Also SVV’s CTO posted a more technical explanation and summary on LinkedIn on this so if you want to know more check it out: his name is John Frizelle.

Cheers guys, I’d recommend staying tuned on the Sure Valley Ventures LinkedIn page, some interesting snippets on there for sure. Ultimately even if 1 investment comes good it’s worth its current market cap. I calculated £11m value for Mindflair for IR too. So it’s an accumulate and hold from me…