The mms are bidding high amounts at 37.4p I could offload my entire holding without NT.. Currently and for most of the morning anything below 37.5 is a sell -
It’s standard set up for almost every direct subsidiaries.. KNUK will be the 90% shareholder . You wouldn’t have the parent company shareholders ssplitting equity again or being direct shareholders in the Mail registered mining co
Apologies- my point wasn’t clear - many posters have stated KOD are left with 39% dropping to 29% due to the mail govt 10% shareholding and option to buy another 10% in the subsidiary - but this is not the case - KMUK 51 H / 49 K - new mali sub will be 90% KNUK 10% Mali - so net share profits 45.5 H 44.5 K not 39% and certainly not dropping to 29%
Hi all - I keep seeing reference to KID being left with 39% - however from the RNS Mali gov get ten percent of the subsidiary not KMUK which is 51/49 see below
It is a condition to completing the Kodal Group Funding Transaction that Kodal's existing subsidiary in Mali, Future Minerals SARL, which currently owns the Bougouni Project, including the mining licence and other lithium exploration licences in Mali, will become a wholly owned subsidiary of KMUK. The parties have also agreed that following completion, any future investment and operations in lithium in Mali will be conducted by them through the KMUK joint venture. After completion of the Kodal Group Funding Transaction, it is intended that a new subsidiary company of KMUK will be formed in Mali with the name Les Mines de Lithium de Bougouni S.A, to be the owner of the Bougouni Project, and the exploitation licence pertaining to the Bougouni Project will also be transferred to this company. The Mali government has a right to a 10% shareholding in the entity that owns the Bougouni Project for nil cost (the "Mali Stake"), and the right to buy a further 10%
OK makes sense - i just subtracted the £1.7million from the $10 million baseline and added $2.5
so we are saying that MAFL held a £1.25 million NAC against the £2.5million and a foarward carry of £450K value of lagoa? Which now for NAV purposes should be dicounted at 50% from the baseline put option sale min ? still puts this at under half NAV (especially when FS is due for completion Q1)
Very conservative methods of valution mean that we should really trade at a discount at all
Hi Florence
I dont quite understand , maybe the £2.5 i can see that there would be a level in the £1.7 million - but there nothing in the current NAV for the Put Option - I understand the perhaps the $10 million baseline would be dicounted by 50% prior to sale ? Cheers
Morning
Well worth watching the Proactive interview last week that gives a very good insight as to where this is going
Lagoa is only recorded with a NAV of £1.7million - but now has a "hard value" of $10.8 based on PEA alone .. under the put option
Aslo some interesting sounding changes on other parts of the portfolio, that i didnt fully understand .. some news on these expected on/before 18th - and Annual report any day to year end Sept 22
I thing NAV will be about 23p share (as of sept) as the $1million didnt show in last valuation , but current developements put 6p/7p in $2.5 mil in payments and a $8/ $9mil on that as it stands - say 20p share.. so im going for just under 50P as of today - with significant upside potential over the coming months
Very good news - holding these for a tactical 6 month plan - those grades are huge
Good point - I think JV did mention back when the FS date was extended that there was a percieved benefit from the current drilly and its impact, I think the nice situation to be in now is that the company is building up a liqud pot of cash that will underpin the SP. the portlio is now very heaving dicounted against market cap
I think they have been a bit anti rampy with this rns - the detail of the good part is almost hidden and you have to do a bit of reading to decipher .. I’m sitting on a small loss now - wrote these of until the next RNS and intention was to bail out as beennunderwater since the day I bought in .. but that RNS alongside the cash makes to hard to ignore .. It’s just so illiquid so I won’t chase it up..
Also - Couldnt MAFL now include the 5% Rights into thier portfolio NAV calculations? Even on old NPV numbers the companies NAV would now be pushing past $20 million or 60p a share and that could double+ with those drill updates
Or have i got this wrong ? its been a while
with $2.5million coming in this month and 5% rights over an asset that is going to have an NPV subject to a significant upgrade.. which at last count was be worth $14 million net to MATL but could push anywhere from $20-$40 million + on top those drill results .. six months doesn’t look to bad for a 5-10 bagger.
just trying to work out in my mind what this is worth, i thin ki may wee add if this drops down as its very cheap and can just sit back and wait for the updated resourse and FS
yeah .. you cant buy anything
Woke up with these today been in the bottom drawer for a while .. I think the NPV Lagoa was approx £340 million as of last results, but as drilling has gone so well .. I assume much higher , so 5% would make this a multibagger and its still trading belwo net asset value anyway - see below
fter the end of the period under review, Redcorp and Ascendant secured a mine development permit agreement from the Portuguese government. In addition, on [date[ Redcorp and Ascendant also completed a second PEA indicating that the Lagoa Salgada Project has, based on 100% ownership, a pre-tax NPV(@8%) of US$341.6M resulting in a pre-tax IRR of 68.2%, with a 1.3-year pre-tax payback based on its planned 14-year life of mine (see announcement dated November 8, 2021)
Im pretty sure it wasn’t sell- when the bid was 20.3 -20.5 I could sell my entire holding online - something was up. It’s always worth testing the limits of you have the cash or a larger position ..not one for mm manpulations etc etc - but how can you be 10% down with more sells and they willing to take 50 grands worth above bid .. CEO bought today also
AT this point in time i agree - willing to take £46k in one go ..
It will be what it will, the sp could spin on a sixspence in either direction.. after such a big move last week
Evening
I think after 4 days sp is looking very strong .. volume droping , but i kinda get the feel that these churs are finding home.. sp is above the closing price on Weds it looks good to me .. a good sign a solid news
GLA
I think they are valid (if somewhat repeataivte) questions and from what we have read fromHW the answers are going to be robust ..