focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Live price is tight 1.87-1.91. NT to buy for £15k.
Took a bit, but couldnt buy much yesterday.
Hi Mercedes, so PREM will owe Suzhou $35mil looking at the news. 6% grade spodumene is selling in the range of $5-6000usd per tonne. Expectation after initial set-up is for their plant to churn out 4,000-5000 tonnes of 6% grade each month, which means $20mil-30milillion revenue generation each month at current prices. I believe this means they can pay back the loan mucher sooner than the 1-2 years. Maybe less than 6 months?
Kodals extra funding for the resource is great news. Should take about 6 months from commencement of drilling to start getting some serious assays and usually a year or so to get a resource upgrade if drilling intensely. I hope they get all the funding in by April 30th so they can make a start on this.
Atlantic is a good one, if you're not a fan of PREM and if you're not keen of having your money tied into an asset that's in Mali whilst there's a political crisis raging, but want exposure to lithium.
Personally, I am in all three and think they'll only see mega rises once production is a sure bet (financing, procuring plant equipment, hiring staff, getting the plant built, comissioning, shipment...) and if lithium prices remain supported higher up. Good luck all.
Product target:
KOD = SC5.5%
PREM = SC6%
ALL = SC6%
Ownership structure of the lithium:
KOD = 51% owned by Hainan, 39% owned by KOD, 10% owned by Mali Gov (option to buy additional 10%)
PREM = 100% owned
ALL = 50% owned by Piedmont, 50% owned by ALL
Financing for mine:
KOD = Awaiting, decision expected by April 30th 2023
PREM = Financed
ALL = Majority financed, looking for further investment.
Period when aiming to produce:
KOD = 12 months from financing, financing deadline April, Q2 2024(?).
PREM = Feb 2023 / Q1 2023
ALL = Q4 2024
All the lithium companies will do well, most have yet to rise to their true values. KOD, PREM, ALL have a further 5-10x sp potential with the right news over a couple of years.
Stating what's known.
Product target:
KOD = SC5.5%
PREM = SC6%
ALL = SC6%
Ownership structure of the lithium:
KOD = 51% owned by Hainan, 39% owned by KOD, 10% owned by Mali Gov (option to buy additional 10%)
PREM = 100% owned
ALL = 50% owned by Piedmont, 50% owned by ALL
Financing for mine:
KOD = Awaiting financing approval by April 30th 2023
PREM = Financed
ALL = Majority financed, looking for further investment.
Targeted production period:
KOD = 12 months from financing, financing approval decision by 30th April, Q2 2024(?).
PREM = Q1 2023, next month/ Feb.
ALL = Q4 2024
Seen some posts stating KOD is producing SC6%, but it's in fact SC5.5%. Grabbed from the RNS: The DMS operation targets production of a 5.5% Li2O spodumene concentrate product. Atlantic and PREM is targeting SC6%. This is worth noting as SC6% sells for more than 5.5%
Ownership structure of lithium:
KOD = 51% owned by Hainan, 39% owned by KOD, 10% owned by Mali Gov (option to buy additional 10%)
PREM = 100% owned
ALL = 50% owned by Piedmont, 50% owned by ALL
Targeted production period.
KOD = 12 months from financing, financing expected to conclude by 30th April, looks like Q2 2024.
PREM = Q1 2023, next month or Feb.
ALL = Q4 2024
News no where near priced in.
Good to see funding, but losing majority control of the lithium, the main value driver is a bit of a kick.
NT to buy for most quotes above a few grand. Sellers missing out on the bigger gains when this goes over 0.4p for starters.
I've researched what's coming early in 2023 and my guess is this will be one of the last few opportunities to load up under 40p and then under 50p following Neil's outlined activities for Atlantic in quarter 1 of 2023.
KOD is going to have a very good January and first quarter. Not long now.
Not even £40mil market cap.
Great time to buy in. Resource upgrade will be very close, end of this quarter or early next said Neil and with the extra Ghana funding hinted at I think the momentum can see this over 60p.
Bull market will return.
If this year for resource upgrade as Neil recently hinted, then maybe tomorrow with markets closing by 12:30 for xmas.
Or Weds, Thurs, Fri next week.
End of the year sale today, 0.27-0.3p early Jan and over 0.3 Q1.
Seller close to out, will fly soon. ;)
Massive news flow incoming *rocket-emoji*
Not long left to get positions set. Markets close midday Fri until Weds.
In PREM and the Zimbabwe lithium ban is for unprocessed artisinal miners exports, not for processed lithium and approved mines, like Zulu and what's coming out of there. Mali more concerning with the UK, French and UN armies looking to exit. However, happy to keep buying KOD sub 0.25 and trade up to 0.33 like most here are.