Member Info for Ilyas01

And you're obviously clutching at straws.

Because no matter how long you have been investing in this share, its has been going down (pre pandemic - is almost 2 years plus). I might be a gambler but your're not a very bright investor :-). Wish you luck with your investment, I know you looking for confrontation but please go find that somewhere else.

I wish you luck, a 50 point drop in three months as the pandemic ends and a new crisis starts means that no one really knows what's going on.

Keep calling it investing :-) if that's what makes you happy. This is the second time in less than a year its dropped like this, looks like were being taken for a ride.

What a scam of a share - triggered all my stops and
now gone positive.

Have lost too much on this share - good
luck to everyone, that’s all this share has going for it

So true,

I remember when Kim Jong fired his test missile in the middle of the night (for the UK) and the markets tanked only to recover in the following days. The North Koreans and China must have made a killing on the market.

Why does the price keep dropping, given the assets / licence etc... makes no sense.

So the question we are trying to answer is :

"poorly timed and written rns" vs "is there some ulterior motive" vs "venting as we finally thought this was moving up"

I think based on the discussion threads we can guess where everyone stands. Would be good to get peoples perspectives. My view is : I think its a poorly timed and written RNS but that there is an element of keeping the share price lower to allow a bigger player to get in on the cheap. The JV partner is the key to unlocking KOD's potential.

The latest RNS has caused some confusion in my view as it does not really provide anything tangible for shareholders to assess risk or confirm their assumptions on share price etc.... I'm still holding but the timing and content it didn't make sense to me.
The RNS was late anyway (end of jan was the expectation) so why release it yesterday as some good momentum on buying was being generated, it did not really provide anything of value except to say the couldn't drill all the holes they planned and that more work was needed to confirm costs for the Lithium plant etc....

Good morning Daz,

Agree the JV is key, was trying to understand how long the path to production would be and cannot see this being in place for at least 2 years.

My current thinking is:
Long Term Hold will see multiples in share price once production starts or we get close to the date. this is a 2 year plus timeframe
Short Term we will have a share price increase or re-rating (my guess is upto 2p) if we have positive updates in Gold and Lithium and JV - next 3 months or earlier depending on RNS content

Hoping for an RNS next week, what do we think it will contain?
1) Update on Gold
2) Update on Lithium
3) Update on JV / path to production
Am hoping for all three :-)

That's the dream - update on Lithium and Gold all adding to KOD value. Then a clear plan to production in say 18 months. We could be looking at multiples of the current price.

Apart from this thread I count at least 25 of the last posts are related to PREM. Why not have a PREM chat on the PREM board, or does no one want to play with you there?

Remember your need for attention cannot be fulfilled by a chat board, the issue is more fundamental and professional help can be sought,. Anyways good luck with whatever your agenda is , I really do wish you well.

Time to place on ignore.

This is the KOD board and is generally a civil and informative place, so why try to spoil it with PREM stuff?

Dig deep and try to understand your reasons for doing this, then think if you can figure it out so can everyone else here.

Any hopes for an RNS today? We are due one any time now.

Hi Newby,

Until we get the feasibility update we are all making informed guesses. My rough estimate is "extremely rough". But yes your view / calculation makes sense.

We are all expecting improvements in the feasibility / update from Kodal due anytime now, how much improvement is the question which then reflects on the revised share price.

Good Luck, am expecting good things from this company.

I'm aligned to your thinking Mercedesman :-) , we're looking at at least 400% increase just on spod price increases which is what I based by "guesstimates" on.

Then you add in an updated Lithium feasibility when we get it , (hopefully a positive one) and the gold assets and then what's the share price?

Hi Newby,

Copied this from a previous post by ghoti, explains the details quite well:

The feasibility study from 2020 highlighted the following:
1.94Mt of spod 6% available
Minimum 8.5-year mine life
220,000 tonnes of 6% spod per annum
Price of $680 for spod 6 quoted for calculation
Revenues exceed $1.4bn
Costs are $466 per tonne

Turning that into a calculation:
Revenues = $680 x 1.94Mt = $1.4bn
Costs = $466 x 1.94Mt = $900m
Net profit = $500m

Hi Daz,

You are right that until we get the latest the numbers are guesstimates. I do this to make some form of informed decision on whether to continue to invest and buy more shares.

I factored 25% reduction in profit / share price to cover JV and other costs such as royalties etc...
(25% reduction for JV & other costs = 9.3 cents per share or 6.6pence per share (This is without the expected RNS update)).

Appreciate some constructive criticism on my thoughts below:

Current View - Spod at $608 gives net profit of $500M for 15,8 32 million shares = 3.1 cents per share
Spod price up 400% = 12.4 Cents per share
25% reduction for JV & other costs = 9.3 cents per share or 6.6pence per share (This is without the expected RNS update).

Would expect to see at least 2.2 pence with release of RNS with a steady climb to at least 6.6 pence over 2 years. Once production starts then its a different model.

Thoughts?

Unbelievable - its going sub 90

Who wants to tell Wiggy :-)