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Also some people say FY to be Full Year. Who knows…I also take it as financial year end.
Https://stockhead.com.au/resources/rbc-says-lithium-prices-will-start-recovery-this-year-as-investment-banks-rate-top-large-cap-mining-picks/
Some say prices will drop (Goldmans), others say slight rise. Who knows what will happen this year, seems to be a lot of conflicting analysis.
This is nuts, full charge in 10 mins! Some way to go to get this in commercial production but wow
https://electrek.co/2024/01/15/harvard-solid-state-battery-charges-in-minutes/
Ok I’ve crunched a few numbers today.
1. Based on 31.9 mt. Based on $1000 pt ie current price. Price may well increase though (I can’t personally seeing it decrease much from here as that would hurt supply) £50m profit DMS and £411m profit floatation. If got to $1500 numbers are £75m and £617m respectively.
2. If kod can get to 50 mt which is what they are targeting…profit based on $1000 pt is £78m for DMS and £644m for flotation. If price goes up to $1500 then figs are £117m and £966m respectively.
That’s exc c £566m of gold based on current prices (based on 2014 mre which needs to be updated).
So yes can confidently say kodal is very undervalued.
If Hainan did want to buy kodal out it would have to be a chunky number.
Cheers
El C
My thoughts are it is aim too which has struggled certainly over the past few years. I reckon anything 1p plus, could be a lot higher but prefer to manage expectations so I won’t be disappointed. Of course a buy out may well not happen too.
I would also say kod has a decent chunk of potential gold but more drilling required. A 2014 MRE was 350k oz for Fatou which based on today’s price is c £565m revenue, but main focus is lithium first. I wonder if perhaps Hainan are working on a deal for gold in the background (they have stated they are interested multiple times). I think from the timelines kod is looking at expanding further to 50 mt which will further add value. Always hard to estimate how high kod can go, I do think £500m plus market cap is achievable at some point but may take time getting there. I’m happy to be patient and hold 👍
Buying frenzy today, no idea why, could be that people are realising how undervalued kod is and thinking could be a decent long term play.
Hi Lorcun it’s extremely hard to accurately predict being on aim…I’m confident it will be more than todays price but I was expecting it to be 0.7p plus by now after the good news on funding…so I can’t really make an accurate guess
Https://s201.q4cdn.com/960975307/files/doc_earnings/2023/q3/presentation/Q32023_presentation.pdf
Hope this link works, it’s Albermarle’s quarterly pres. no doubt skewed more to the positive but interesting re the lack of inventory currently held.
Ps I’ll try to dig that ASX thing out, may well be an average over past 6 months or something, but a lot of big corporations won’t trade on spot price, they’ll want to lock in huge quantities at an agreed price
Well said bfd ultimately if the lithium price falls from where it is, there are higher cost producers that will stop producing. That will lower supply and push up prices. So for the wider market if it goes to sub $800 then supply will be put under major strain. Also this is the spot price, no doubt big players will lock in a higher price for guaranteed top quality supply. Saw that one of the ASX miners said average price paid was in the $2kpt mark recently? If I had any more I’d buy but Xmas has wiped me out and Jan is a looooong month!
And also agree re debating both sides, that’s good in my opinion. However we have both had our share of idiotic de rampers who just sprout stuff like “Mali is a very bad country to invest in” “kod is a dangerous share to be in” etc with zero data behind it. I’m always welcoming different view points as long as it is valid and not some twerp just sprouting negative hatred towards a share they’re clearly not even invested in. You get it too on the prem board and it’s a shame, but that’s the internet for you!
Yep totally agree, was always expecting with a new industry to be many bump in the road. I do think long term the price of lithium should be $1.2 kpt at a min to encourage investment in mining which is needed with some ASX miners already stockpiling. I think solid state batteries will start ramping up which tend to need a slightly higher percentage of lithium vs lithium ion with bigger range. The highs for lithium were never sustainable but as long as people are playing the long term game we should be ok. So much volatility and that will continue until the market stabilises. And I do think both kod and prem will continue to have more bumps in the road for sure, I just try to look forward to a 3-5 yr plus period. Not saying it can’t be traded but damn that’s a hard game to play…good luck with prem anyway too Acker 👍
Indeed Acker I know that, inc ford too struggling, but it’s all about the bigger picture ie look at global EV growth. I think US will be a bit harder to crack as lots of people there will refuse to switch from their big v8. However China and NZ on fire for EV sales. Not everyone will make it work. But that’s ok. What I don’t like is some media channels saying the EV era is dead which is total and utter bllocks.
Pedro you are clearly a de ramping dckhead. Another green box, filtered. Judging by your posting you are clearly a very stupid investor.
Https://www.hydrogeninsight.com/transport/sales-of-hydrogen-cars-in-europes-largest-market-collapsed-in-2023-with-nearly-70-drop-in-registrations/2-1-1580371
Not to say it’s the end for hydrogen but facing challenges at the mo, don’t think will be mainstream for many years
Cheers Muppet Guru, a load of negative press in the media about EVs but I’m ignoring the noise and focusing on data and facts 👍
Better than my average of 13p £10k. Just hope it turns around at some point.
Precisely Lav. If we talk fundamentals which I was I invested, I can’t name a stock that has better fundamentals on aim. More than fully funded with a massive mining major, zero debt so unlikely to be further dilution and also diversified risk by having not only lithium but a load of gold. In a very established mining country. Yes Mali does have its issues with slow bureaucracy but they aren’t stupid, they know the value of what kod has and will want to support us (also helps the local people with roads, jobs etc). If I had some spare £ I’d definitely want to load in more here, hopefully less than 12 months to wait until we officially become a producer, but I prefer to add on a couple of months to manage expectations…