Member Info for Howard05

Last results 01/11/2025. Any one know when next set of figures due?

Re shipment, Hainman News from their web site said 15t on board and shipped by end of Jan whilst Kodal RNS said 20t by end of 1st Quarter. Kodal needs to investigate why Hainman put into media they had agreed a 15t shipment before end of Jan 2026.

This needs a RNS to clarify as this could be deemed market manipulation.

Just written to the company again re 7p Debt break fee as re reading their reply, abit vague ocouple of questions. We know 63.2p no less 2p extra charges ( not disclosed on RNS) = 61-2p. Now that 7p is it already taken into account…if so great if not feck…. If taken into account as I first read, checking that is added to nav. The answer is very very important as if it can be added, we will be close to 71.3 nav quoted last year. Fingers crossed..

I knew there would be some other costs somewhere. However they went on to say, that if the debts can be rolled over to the new buyers, the break fee of 7p a share ( that’s a helluva early repayment charge) some or all could be added back on, leaving possibly 68.1p pay out. That’s good news Let’s hope the loan is ported

Just heard back from Company. Nav 63.3p however estimated realisation costs of 2.1p so net realisation cost of 61.2.. Reversionary value of £103m is written off so no part of that.

It doesn’t matter how many shipments there are as price is based on loaded on board. The more shipments the quicker the Cash in is. Overall Offtake and Export Licence is MINIMUM 125t. So 30tish shipped leaving 95k. We could ship in 3 at around 30t so cash in every 3 months solely based on MINIMUM production. OR if we ship at smaller amounts say 15t payments every 2 months .Which is better? ——- NOW imagine instead of 125t roughly at 10t per month we do 12t per month Extra 20% on Cashflow. We know there was at least 65t of ore at Processing plant 1 month ago. All that is needed is Political rest, good weather stable spot price ( any increase is Cream on the cake )and Plant reliability and that should make a helluva 1st Year.Thoughts please

Great to see updates on mining. I have just asked the question on their Investor Hub, as a Faisal amount of Rock has been produced and they have a small facility on site, to give a rough idea of what if any grade we are getting.

I have just written to the company expressing my concern that the actual price will be less than 63p per share after costs. I have asked them to provide an idea of what actual price we get as they must have an idea of costs of closing down the company. This time last year 71p was given, add on reversionary 32p gives 103p. I know we would not get Full 32p. This time last year Simon Thompson of the IC said, could expect north of 71p. I have suggested, Know they won’t, give the estimated price per share and let shareholders vote again. I certainly would NOT vote to wing up. Thoughts

I spoke to the company and yes property value isn’t important, sale price dependant on Long term gilt yields which have gone up, whilst Bank base rate gone down. Reversionary Value of £103m YES £103 m is disregarded. Val per share is 63p but take out cost of repayment interest early, Legal fees Bank fees Investment Bank fees and winding up costs don’t expect to see 63p.

Why are the company selling out at such a low cost. We would be better keeping yield and selling off property as becomes empty or sell in small parcels. I am selling out now. A really BAD decision by the Company- shafting small investors

Just checked back and RNS of 16/12 def says spod now being processed again and around 65t of ore available at processing plant so more spod is available. Also stated that ore was now being mined so even if 65t of ore is being depleted there’s still lots left.

It also stated 20-30 to be exported but not how many shipments so my guess is poss doing in 2 shipments which is more expensive but that’s not our problem as our costs are to load on ship. Also if we waited to ship all 30t together that could delay shipment towards end Feb/March so shipping early brings cash in earlier. If Hainan are prepared to pay for 2 shipments instead of one, they really must want our Spod. I all in favour of shipping smaller batches if it brings cash in quicker at no extra cost.

Couple of points—Why has Kodak not issued an RNS re this second shipment. Secondly we know that awhile back 45t had been produced and 28.5 t already shipped leaving 16.5t available Surely more Spod must of been produced regardless of downtime as we have been told mines back running. Confused something not right. Has the payment for the remains 5% of last shipment been paid over and has the quality also been released. In

Please ignore last comment on dividend yield I’m a idiot but would still like to know why valuations fall when interest rates go down because surely you would swap something say paying 4% to something paying 7% so driving up the price just like Govt Bonds when high yield bonds trade above their nominal vale

Agree though that if it sells at 64p there is still a gain of 7p giving 12% return ie buy at 57 p get 64p so 7p gain.57divided by 7 equals about 12% return. Again am I calculating this wrong? Please help thought I was good at maths but unsure now.

Can you explain as puzzled they say 50 points off . What is it off? and so reduction to 6..xxx can’t remember exact figure. I thought that as interest came down, then investors would want to buy a high yield share. Ie if interest rates came down from say 4.5% to 4% then I would want to buy a share or property yielding 8% so therefore driving up demand for the shares/houses. Secondly the yield which says 7% how is it? I buy a share at 57p paying 4.12 % which gives a yield of 12% I must be stupid as I don’t get it. Any help pleas thanks

Terry thanks so much for that. Great info thanka

Great info re USA tax.So we pay 15/35% tax however if shares stayed Listed in UK would be 10% ( nil if ISA)

Thanks Terry

The last dividend I got was a lot lower than the previous quarter, yet I have the same number of shares. The yield quoted on LSE is around 14% yet on other sites it’s around 9%. Is it anything to do with switch of market to USA?

Nice piece about our board, their expertise and share tip for 2026.

Does anyone know what the current production rate of Spod is—what tonnage of Spod held at the mine and what tonnage is held at the port?