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Hi elc,
Kod are selling spodumene concentrate.
Our off take partners will be buying that product and turning it into either lithium carbonate or lithium hydroxide.
https://piedmontlithium.com/why-lithium/lithium-101/all-lithium-is-not-created-equal-hydroxide-vs-carbonate/
Absolutely @daz.
I'm looking forward to those tr-1's being posted when the summer arrives.
Once the data has been processed for the diamond drilling at ngoulana I'm sure we'll have a resource upgrade followed shortly after... Then it's green light for those iis waiting in the wings to get sign off to buy KOD.
Dazaliam couldn't have been more wrong about where KOD is heading.
Future satalite pits for goulamina indeed!
Hi Mercedesman,
I have watched and also been in a few multibaggers, selling out way too early. I have also lost large sums on shares with potential but failing at the last hurdle.
This time I am sticking where I am with KOD and going for production as I always said I would. The potential, as you say, life changing. Big hurdle, finance more or less concluded albeit a few bits and pieces to tick off next week in Mali.
The Li is about to be fully explored on the Bougouni project, next door have an inventory of around 140Mt, let's see what we have once the drilling commences...
Dazaliam, Bernie did it !!
Sound advice Sash.. Losing is hard.
Risk management is a serious topic, this is fun today watching it rise but believe me it's hard losing money when it goes wrong.
Do what's right for you and your situation and ignore the hype.
Remember it's easy to make money when you already have a lot of it, but if you are like me and come from nothing it's a lot lot harder.
That sounds like a ramp, it probably is.. but the potential for the share price is for it to go higher than 1.5p.
Shares are full of risk, there is an aim market full of them but as opportunities to make money go, this is a very good one.
@Bline59, I know you have asked Mercman but here's some thoughts anyway:
Once the subscription shares for Hainan have been submitted there will be just under 20BN shares on issue for KOD.
A share price of 1.5p equates to just under £300M MCAP. Based on the DMS operation alone I think that share price is possible.
Factor in resource upgrades, life of mine extensions, all Li 8 deposits fully explored then we go much higher.
Then there's the gold and over $17M available for drilling our 3 gold fields, 2 of which are close to a maiden resource.. Personally, I think we go much higher than 1.5p over the next 12-18 months.
Daz, the funds for kmuk will be spent on li drilling.
The subscription funds (at plc level) will be spent on gold drilling.
Priority will be nielle and fatou. Both close to maiden jorc.
Dabakala looks enormous but lots of drilling required.
Hi merc,
Personally I don't think Hainan will be buying KOD. If they make an offer it will be for the KM UK entity and I think that's what they will do once the ground has been fully explored by Bernie.
Based on that line of thought, Hainan probably won't be buying KOD shares on the open market.
https://www.proactiveinvestors.co.uk/LON:KOD/Kodal-Minerals-PLC
Here you go Merc:
https://www.lse.co.uk/rns/CAPD/msalabs-trading-update-kls153u8j5p5f12.html
"Bougouni laboratory commissioned: MSALABS has commissioned the laboratory in Bougouni, Mali which will support gold and lithium operations in southern Mali. First samples from Leo Lithium's Goulamina operation are expected within days"
I believe so, currently being used to process Leo Lithium's drilling results:
https://www.capdrill.com/media/investors/Presentations/NEW-CAPD-FY22-preso_160323_Final-Updated.pdf
Slide 8.
I read it in an RNS somewhere for Captial Drilling.. will dig it out.
That's right merc, and that is in addition to the infil drilling on the ngoulana deposit which in my mind will improve the grade and further confirm the resource which KOD will be mining around this time next year.
A few results pending right there.