Member Info for elcobbledore

Came across the below on twitter too.so if true, another mine being halted which affects supply in the market. Luckily kod is low cost and can survive and prosper even at current lithium prices.

“Our research revealed that Jiangte will halt the $275m Yecheng #lithium mine, supposed to come online in 2025 with a 20ktpa LCE capacity in Ph1, expanding to 30ktpa in Ph2. They cite the lack of a suitable resource and low Li prices”

Https://www.proactiveinvestors.co.uk/companies/news/1048662/kodal-minerals-ceo-provides-update-on-bougouni-lithium-project-development-1048662.html

From around 3 minutes in..,

I do like that they are continuing to say they will be producing in Q4, clearly confident. In other news I’ve just come back from Ibiza on a lads trip. Way too old for these hangovers now!!!

Well said Sharebug and you’re welcome. Have a good evening all. Confident it will deliver, just a holding game now.

Absolutely right, it’s not unusual for shares especially on AIM to be traded. For me the most important thing is strong fundamentals underpinned by data and led by a decent board of directors, which in my opinion we have a load of!

Https://cnevpost.com/2024/06/11/china-nev-retail-may-2024/

Strong May…

Https://cnevpost.com/2024/06/11/china-nev-retail-may-2024/

Decent news!

I’m a bit perplexed by people saying the photos are rubbish, they don’t know what they are doing etc. I just think they’re keeping shareholders updated and it’s in the v early stages of build so to be expected it looks like that? so kod annoys people when they don’t post for ages and then annoys people when they do. You can’t win!

So fortunate we are more than fully funded. Look at he1 today, wow. I do think Bernie genuinely does care for us long term shareholders, unlike most on AIM…

Hi Daz I use an ad blocker, I use AdGuard and it’s totally free as I got sick of the ads, hope that helps!

V bullish on lithium from head of Ganfeng (no surprise really)

https://m.youtube.com/watch?si=918i9cU-7TdyOX6B&v=xY9KOq3fiGk&feature=youtu.be

Nice, not long to wait then 👍

Linked in message 6 days ago said plant infrastructure arrived in China. Due to take 21 days so should arrive in about 2 weeks. All coming together 👌

Yep agree Horult, it’s not long to wait, I’d prefer kod comes up with a big resource update and if that comes in July no dramas at all. I do think absolute min 50mt but could well be higher, we will see! Good luck all holders.

Just updated to the latest spod and dollar to pounds conversion and these are Kodal’s profit estimated at

DMS £125m

Floatation £566m

Based on 31.9mt.

Cheers

Hi, based on the below assumptions…

C1 cost $436pt and $125pt selling/transportation cost from an old RNS, kod receiving 49 per cent of 90 per cent profit (Mali taking 10 per cent), DMS build cost $65m and floatation cost $325m (taken from Leo)…

At current 31.9mt Kodal’s profit is estimated at £139m for DMS and £631m for floatation.

If we get to 50mt and pro rata then this changes to £217m for DMS and £989m for floatation.

That’s excluding any gold assets which have the potential to be sizeable (previous JORC from red rock many years ago for just one site was 350k so £640m based on current gold prices.

However I can’t say how this translates to a share price exactly.

What I can tell you is that kodal is substantially undervalued…

Cheers

Steve

Yep I’m with you. If you do the basic maths if we get to a 50mt resource, the profit figures at current spod prices are mind boggling. Chinese may possibly want to lock this in before any significant rise in spod price (personally I think it will trade at $1.1-2k per ton for some time but that’s just my opinion. June resource upgrade I think could put a lot more interest here, I am confident will be top 10 resource with a v decent production cost pt.

Rhena have you done any research at all? This is the stuff school kids would type. Come back when you have done the research to show many successful gold companies in Mali. Can you name another aim company that is MORE than fully funded? Nah don’t think so. I reckon you’ve shorted this and are getting nervous. Rightly so to be nervous.

Totally agree, Bernard and his team have been very diligent ever since the project was acquired in 2016. He has done everything by the book and shows that is the only way to do it. Proves that if you cut corners and try short cuts it won’t pan out well. Bernie if you’re reading this well done on your leadership and keep going, we are fully behind you!!

Yeah totally agree, was a great interview. Also let’s not forget when the Hainan deal was announced they invested $17m at 0.5 which was double the share price at the time. So they know they will have to pay a premium for a full TO, likely to be at least double the SP at the time.