Member Info for elcobbledore

No way assore will get for free. Worst case for us if they bid they make another 33p bid. Can’t see it being presented to shareholders at 33p though.

Yep I am heavily on Kod but I do believe in the long term here. Let’s hope it’s just a bit of a bump in the road. Frustrating that Ghana are shooting themselves in the foot and using this project as a political football! Most important that ALL have local community support and we have it in bucket loads…

I agree Lav, plus they’ve said that it’s a wetter than usual wet season…so highly likely they can cope in any wet season. Agreed, love the contingency planning re the generators. Shows the BOD are clever cookies. Bravo team KOD!

Cheers, that’s what I thought too, good to hear!

Could this be causing the delay of an updated MRE? Any mining experts here?

The assay results received are from four RC holes targeting the western extension of the ore body and highlight a zone of strong alteration and faulting that has resulted in the thinning of the pegmatite bodies and loss of lithium mineralisation. This is consistent with the geological interpretation that highlighted wide continuous pegmatite bodies up to a marked north-south oriented creek, that was interpreted to be associated with a fault structure. The geological team is reviewing and targeting faulted offsets to the Boumou prospect.

Another v positive RNS. Love the fact Bernie is saying that we are ahead of schedule…also good to hear we’re not impacted by the high water levels. All coming together guys…

Ps it’s 4-6th Sep so not long but really want to know BOD thoughts on the current situation/what they are doing to help.

A conference in Perth africa down under. Yep it’s far from ideal and rather insulting to long term shareholders.

Ps looks like it’s now adjourned until Oct as this is day 2/2 of a special meeting.

Really both Amanda and Neil should stay in Ghana and be on had to get this sorted rather than go to another conference…both of their words have backfired and should support long term shareholders. The one positive is they are big shareholders will skin in the game so they are feeling it personally…

Surely then the majority push for a vote and it then gets ratified?? And minority automatically if they boycott then their vote is void and we can move on?!

Ok thanks for clarifying…

Https://library.fes.de/pdf-files/bueros/ghana/10505.pdf

2/3 of MPS must vote in favour.

This is when the BOD comes into play to use their knowledge and relationships…NH always said he had a great relationship with the government so this is his time to prove his worth.

I think the minority are hoping they can stall until December when election voting happens, focusing on Ghana getting a greater percentage. We will see but I thought Ghana was meant to a stable jurisdiction?!

Looks like minority are playing silly games. Genuine qu what if they all had a vote? And force the minority in rather than boycott? If it’s more than 50 per cent does it get approved?? Think the minority know they’re clutching at straws and the project has more support than it doesn’t have support with the local chiefs putting pressure on for it to be ratified.

Ps for those keen on some reading this is a v detailed article about the economics of the project.

https://resourcegovernance.org/publications/assessing-fiscal-regime-ghana-lithium-agreement

And why did they grant the lease if there is all this stuff creeping up now? As I’ve said it’s a v generous deal so getting a little tired of some selfish people wanting more of a cut. Look at other countries, it’s nowhere near the deal ALL have put on the table.

Under the terms of the Mining Lease, the Government of Ghana will be entitled to a 13% free carried interest in the project, an increase from the previous 10%. Additionally, the Government of Ghana will receive a 10% royalty rate, up from the previous five%

Shows that some people are so greedy. They are getting enough of a cut ffs and it’s one of the best deals in the world. Look at other countries, the deal Ghana has with us is amazing. If they can’t see that then they have a screw loose…it is ridiculous greed….and it’s starting to PSs me off dealing with some of these selfish short sighted individuals. What next…give all of the profit to Ghana so we are shareholders suffer?Then why are we even invested? Let’s be honest we are all here to make money.

The macro economic climate is still pretty poor and labour coming in without a doubt will have spooked investors considering investing outside isa/sipp. If there is a TO it has to be a decent amount, in my opinion 1.5p as a minimum. Bernie is shrewd and will not be interested unless it’s a strong offer (not guaranteed of course)