Who here wants an unwanted mental image?
Think of it.......
While you are out enjoying the weekend, some on here will be keeping a close eye on Bernard`s booty
Also this....
https://www.youtube.com/watch?v=MhxpXxFr-Ic
Happy weekend all
Squeezit - As both a prem pirate and sharing the first name with the captain I can confirm that we have no intention to "peacefully" board and re-route any ships that are carrying mining equipment across the indian ocean at this time.
As you say, I wouldn't want to be out of this over the weekend ;)
Thank you Bottled for the link.On that site they state "Modules can be fully skid-mounted to minimise cast in-situ concrete foundation works. We can supply our smaller capacity modules with pre-cast concrete ballast to eliminate cast in-situ concrete completely."
I remember someone saying in the pictures of the DMS plant at port last week that it looked like it was on skids. Starts to connect some dots for me atleast.
Yes there should be several bits of good news in the next 8 weeks.
As usual its the return of traders +10% / -10% each week until more news. The more popular a share the more its traded.
We are all free to post our thoughts and observations. But we are not free to control how other people reply to us.
As you say people have put their money into this, I don't think it is unreasonable to expect that if a comment is negative or viewed that way by others, then they would push back against what was being said.
I happily admit i'm no expert in foundations or the site management involved with building a lithium mine. But the management at Kodal have so far delivered on what they said they would. There's no reason to believe that they will not deliver on this current phase.
Now back to what is apparently my new part time job of find the name of a boat that wont matter in 3 weeks time :)
Sleepy, it was exactly the same last year. If I remember correctly at that point it was a combination of "OMG Mali = bad" and "Kodal is a scam as it has managed to get a good deal JV deal with a major".
ReggieT i'm happy to see that you managed to buy in at the perfect time back in 2020 your original shares are now up 1,020% surely Kodal has won the benefit of the doubt with a return like that pre-production?
Well I can only comment as a person who hires builders rather than one myself. I was shocked to see that there appears to be at least one builder on site at 3pm. ;)
I would assume these are footings as they are about 1m below ground level. I feel sorry for the poor chap who is going to have to table and chain the reinforcement for the main foundation slab.
Hi Ic828, either CNTXG or CNTSN locode can be used for Tianjin. Its in the top 10 biggest ports in the world so I guess they get 2 different codes?
Merc we know you love cars. Would you happen to have a Scooby doo mystery van we could borrow for the week?
I did also check and no import paperwork has yet been filed with the customs in Cote d'Ivoire as far as i can see.
https://guce.gouv.ci/customs/manifest?lang=pt
Question of waiting for update to shipping manifests docking at CIABJ
There's also no recent log of any ship from CNTSN departing to CIABJ
Best I had was SHIP: VISAYAS, IMO: 9546992 but her last dock was Sri lanka or SHIP: BEATRICE, IMO: 9430818 her last dock was Singapore unfortunately its probably not either as there most recent docking dates don't line up.
BA has a good idea of what we may have down there. He has also always looked at how to create the best value for shareholders.
Just a thought but with the mine hopefully going into production Q4 it would make sense to drip feed drill results until the end of Q3 followed by an official resource upgrade. This would mean there would not be enough time or fully disclosed information for a TO proposal. This would stop any attempts to poach the company before we are in at least stage 1 production and thus significantly increase the value of any future offers.
Pullone, apologies. I think Mannhole is rightly pointing out the differences in approach between them and Kodal. I agree with Mannhole, but hold position in each and was just trying to explain why that was the case.
That's a question best answered on the Prem board chat. In mining resource quality/quantity and permits are king until actual production begins. They still have options but I believe that there will be a change of leadership next year.
And I would agree with you if I was looking to buy today. I bought most of my shares there in 2018 and only now hold about 40% of that initial position.
In a similar fashion I bought Kodal initially in 2021 and added twice in 2022. I would expect that by 2027-8ish I will only hold about half what I currently do.
I'm happy with my position in both Kodal and Prem. I suppose if all else fails it could come in handy if there needs to be a tax right off. I believe I can see some value there so I hold for now.
In the meantime I get to watch a great news feed from Bernard and the team and more broadly the market figuring out that interest rates will fall more slowly and will not return to the pre-covid lows as they all seem to think, which suprise suprise means certain stocks are severely undervalued at present. I hope that it's going to be an excellent summer.
As always time will tell. For my sins I invest in small cap companies. If Prem were to go that way it certainly wouldn't be the first and sadly won't be the last stock pick which resulted in failure.
Anyone looking to make a quick buck there will be disappointed and I say that as a shareholder. There will be a lot of tough choices and dilutions before any real money can be made if at all.
Kodal with the expected news this year is a stock to buy. Prem if it is still trading could be worth another look at next year after the current negatives have hopefully been put right. At present it's a pure gamble.
No honest person could answer that unfortunately.
My advice for what its worth, assuming you have invested as much as you are comfortable holding would be;
Take advantage of the days between now and when a share reaches you price target. Don't fixate on investment(s) you hold already, if you are confident in the research then you have already done the hard part. Life is for living not worrying about share prices. Keep work, saving etc and never trap yourself in the idea that a shares price will solve all things.
I think i am very much on the conservative side for share prices here but I would like to see a minimum Mcap of £200M by December 24 followed by consolidation/growth as we move into stage 2 of the mine bewtween 2025-27 ideally reaching £500M by around 2026, my own figures will of course change as news and resource upgrades continue to be updated.
I'm not interested in dividends for at least 5-10 years as I would like to see all of the money Kodal receives through KMUK being pumped back into current or future prospects. Bernard is a strong CEO and I would like him to take the success he is making here and apply it to as many other projects as possible in the future.
The pictures and latest RNS update should only be read when listening to this ;)
https://www.youtube.com/watch?v=V6QhAZckY8w