Member Info for elcobbledore

I’d say Goldmans are always pessimistic with their forecasts, but have done relatively well over the past couple of years.

For me it’s looking at the basics…any spod less than $800 means most selling at a loss. So they refuse to sell which then reduces supply and price has to increase.

A spod price of c $1200 makes most mines profitable, so I see it being there over the medium to long term. And at these prices kod makes a decent profit.

Who knows what will happen with energy storage, electric aeroplanes?! Etc. lithium will continue to be in demand for the foreseeable future. Let’s also remember we are closely tied with China and that is where the bulk of demand and growth comes from.

For me it’s crystal clear the value of the project, the local communities are v angry and will put substantial pressure on ratification. They are in desperate need of jobs for the youth. I think it’s just a matter of time it gets ratified. As I’ve said before would they want a decent chunk of money or 100 per cent of zero?

Yep I concur. The thing is with such a low lithium price there are v few mines that can operate profitably, kodal is one. The medium to long term has to be at least $1200 for most to be able to operate profitably. So as long as there is demand for lithium, pricing will adjust. If lithium does go downhill (don’t think it will, but alternatives are being worked on ie sodium ion but lower energy density), there is an absolute ton of gold…so good way to diversify! I’m not fussed about short term pain, the global market is fcked at the mo. Medium to long term we should all do well….i hope!!

Https://www.miningreview.com/magazine-article/kodal-minerals-bougouni-now-in-the-home-straight/

Lil peep I do get your frustration but in the grand scheme of things a wait of a few extra weeks isn’t a big deal for long term holders. Unless you’re trading it. I think ratification has to happen. It will generate huge income for Ghana plus help local communities. Yes it’s frustrating but out of anyone at ALL’s control. Neil was probably too eager I agree.

Totally agree swest, ultimately everyone knows how good the ALL deal is for Ghana. There are just a few unruly members in parliament. It’s about time they get their house in order and stop acting like children. September will come along quickly folks, we can’t do anything about it as it’s out of our control. We wait still…

Looking at positives there is huge support in the local community. They will be losing their sht right now as the petition clearly hasn’t been paid attention to. Come September which is only a month away, there will be a lot of angry communities wanting this to be ratified asap…

He said he’s done it to protect their reputation. Is that a joke or something? Makes our parliament look efficient!

Hi all is today the last day of parliament? Tried researching but couldn’t find anything re extension thanks

Yep another strong RNS. Bernie is still super confident project is on schedule and we will be producing spod in under 5 months….whoop whoop! Let’s hope this happens.

Also let’s not forget the BOD have personally bought a ton of shares. Think Herbert bought many hundreds of thousands of pounds worth at 27 so they are also feeling the pain…I’m hoping will come good eventually, frustrating it’s taking so long but hey ho

Line up some nice ice cold beers afterwards merc, you’ll need them to rehydrate in this weather!

Https://mobile.ghanaweb.com/GhanaHomePage/NewsArchive/Don-t-politicize-Lithium-deal-in-Parliament-Mfantseman-Chiefs-to-MPs-1942068

Yep fully agree I think spod has dropped to around $920 pt. Kod and a few others globally can survive at these rates. Majority can’t operate as they’ll suffer massive losses. It will correct itself. I reckon to c $1200 by end of the year.

We will see, obvs still ratification needs to happen but yeah agree it’s positive

Https://thebftonline.com/2024/07/23/lithium-deal-okay-nrgi-report/

Best thing to do is just report them and leave it to the moderator to block 👍 that happened with a few people who came over here and sprouted rubbish. If you don’t engage with them they soon realise their efforts are a worthless waste of time.

Re long term forecasts it’s super hard to forecast. My personal opinion is 2.5p plus I am hoping can be achieved long term. There is a lot of upside here so could be more but I also know it’s Aim. I am hoping we get a juicy TO offer at some point so that we don’t have to fret about when to sell…we will see!

Have to say that looks like a solid piece of construction, clear that they aren’t messing about here. Go kod!

He is in prem and hugely down that’s why he’s come over as he’s jealous on how kod has gone so far. Just trying to disrupt so suggest you ignore unless he can provide factual evidence.