Member Info for ivenoidea

Let's hope the April update is better than your meal.

- grade

- recovery rate

- thuput

Should all get closer to the numbers estimated in the feasibility study.

We should also hopefully get the numbers for the first three shipments and I'm hoping the wait for the update is due to Kodal waiting for final figures on that third shipment... It could be the April update arrives in may to accommodate those fingers being included. Id prefer their inclusion and if that means waiting for the update then sobeit. Those waiting for a re-rate will have a better chance if the market gets the full facts.

If the update doesn't include the numbers for all three shipments then IMO that'll be a missed opportunity.

Fomo of what exactly?

Another honest discussion between several forum members derailed by a plonker.

He has nothing useful to add just constant bickering.

Someone described him as an empty vessel.

Naive or plain ignorant? .. I'd say both.

Is that your response?

You do realise sp angel are simply repeating kodals aspirational timeline don't you?

If that's how you invest, it's clear now why you get in such a pickle when things don't go your way.

@Bfdinvestor stop changing what people have written to suit your one eyed agenda.

Read my post in reply to George properly and then try to understand it rather than kick off and bash out post after post after post disagreeing with something you've once again completely misunderstood.

I'll repeat:

"Phase 2 currently has no defined mine life sufficient to support a financial investment decision. The drilling needs to establish a resource base large enough to underpin a flotation operation with a credible life of around 8 to 15 years."

That goes for you too @asllankukeli .

How long do you think it's going to take to build and commission that?

Plenty required before they start building it.

Late 2029 early 2030 more realistic.

Hi asllankukeli,

"Go read Published news on many RNS es and you will find that mine life is expected to be at least 8.5 yers"

And when KOD produce a resource with an improved category that resource might support a financial investment decision.

Currently all 13mt is inferred, that won't support a financial investment decision.

Let's see what this resource upgrade does which is now approaching 2 years behind schedule.

Bfd, 2028? Are you... Yes I guess you are... Lol plonker

Hopefully Mac, the next update might begin to make clear when KOD will finally become cash generative.

Another area to focus on will be:

- production costs, how far out was the estimate in the study $647 from memory.

- sale price

- recovery rate

- nameplate

Things will become clearer over the course of this year, but right now KOD are not making any money and are currently going through arbitration to settle a claim of $15m which coincidentally is about the amount of cash they currently have in the bank.

Mac, you've done more than enough to get a seat at the plonker table... Well done 👍

Get back to bed bfd you numpty... If that's the best you have you should quit now

For anyone that doesn't understand here's a quick explanation.

No ***er is funding a mine development with zero resource in at least the indicated category.

Check the resources defined (Kodal website), phase 2 primary focus is on boumou... 13mt inferred, good start, now prove it before we sign any cheques.

I knew that'd wake the plonker up.

"The existing MRE will support stage 2 for 8.5 years. "

No it won't, which is why they've been drilling sunshine.. so they can produce a resource model that WILL underpin the resource.

@GeorgeH1987 and that's key here, the numbers and delivered solution needs to benefit KOD.

Bernard needs to provide an update that shows benefit to Kodal, all very well getting the mine up and running..and I see lots of statements about cash generation but bottom line is:

Show me how I as a shareholder of Kodal can benefit.

Interesting 6-12 months ahead, the previous 12-24 months have been a big disappointment with bad news after bad news, the good news has been sub par too.

Time to change the narrative and the next few updates are key.

Hi George,

I think the key here is separating Phase 1 and Phase 2 properly, then focusing on what still needs to be proven.

Phase 1 is already operational as a DMS plant, fed by Ngoualana with a circa 4MT resource. That gives roughly 4 years mine life as it stands.

Phase 2 is different. It is primarily a flotation development, with DMS expected to continue running in parallel. The flotation feed is intended to come mainly from Boumou, supported by Sogola Baoulé and additional targets not yet fully defined in the JORC resource.

What the recent drilling is trying to solve is quite specific:

First, Phase 2 currently has no defined mine life sufficient to support a financial investment decision. The drilling needs to establish a resource base large enough to underpin a flotation operation with a credible life of around 8 to 15 years.

Second, Boumou itself is key. It looks like a mixed ore body, where coarse material may be suitable for DMS, while finer material feeds flotation. That split is critical because it affects both recovery assumptions and overall project economics.

Third, the Phase 1 DMS operation also needs extending. A 4 year mine life is not enough. It needs to move to at least 6 to 8 years to generate sustained cash flow while Phase 2 is developed and commissioned.

Fourth, the combined operating model matters. Kodal Minerals have indicated that DMS and flotation could run in parallel for several years. If proven, that supports a combined output in the region of 330kt to 350kt, which materially strengthens the overall project economics.

So in simple terms, the “numbers behind the numbers” need to show:

A defined and scalable flotation resource, primarily at Boumou

Clear metallurgical separation between DMS suitable and flotation material

Extended mine life for DMS to support early cash flow

A credible combined production profile during parallel operations

Once those are demonstrated through drilling and updated studies, then Phase 2 becomes investable.

Hi Mac,

You might not like the post or the intent behind it but I fail to see what's disgusting?

I have read through the points and find they have been made with reasoning behind them and could be addressed with news flow or via Q&A.

Hainan have been providing news flow which the investment groups I am part of have been following closely.. why haven't KOD?

The site wasn't producing for what looks to be over 6 months last year and the reasoning hasn't been sufficiently provided. That hasn't helped, especially when Hainan recently published news that the site shutdown from June until late September due to security concerns... All denied by Kodal.

I think li investors has a reasonable reason to feel the need to go to the lengths he has to get news out of Bernard.

Hi clever choices.

". Once mined, they then put it through the DMS plant to increase the grade to something like 5.26 Li2O (by separating and then discarding of the waste rock - note they are actually targeting 5.50 Li2O according to the website)."

Not quite correct, we don't know how much if any of that additional resource is fit for the DMS. So far boumou resource is intended to be put through flotation which is yet to have it's studies completed, it's financial viability assessed, funded or built so whilst I like your sentiment there's plenty of risks involved. Even when built it still needs government approval to be included in the mining licence and the export permit adjusted to allow the product to be sold. It's not without risk and unexpected costs (see recent abritration RNS).

Slow down before you try sucking others in, it's not easy money here, never has been. To profit here you need to be smarter than your post suggests you are. Basic research note even carried out before your ramp. Tut tut

Bernie read my email then I see.

😂

Quick someone let Bernie know!

@Bfdinvestor are you in the royal oak, Ambleside?

Chap was ordering a pint, said he likes real ale and then ordered a Guinness. Some other goofy looking fella started ranting at him saying that's not real ale, called him an idiot etc... I immediately thought of you... Can't think why...

"Braincells don't seem to be working anywhere apparently."

Correct, I present exhibit A:

The market cap is illogical.

Big buying going on in the background.

MMs playing games.

Just to name a few.