Member Info for ivenoidea

@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.

Go back to bed bumping along

You are way out of touch fella and your opinion is of no value.

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.

Nice spot Merc, I missed that detail and its a very positive one.

https://www.proactiveinvestors.co.uk/LON:KOD/Kodal-Minerals-PLC

It wasn't long ago drilling results would send this south as traders took their profits before the next placing.
Not today though.

Standard notification when shares on issue changes during a month.

Agree clapa, I have walked up and down my living room so much over the past month waiting for news that I now need a new carpet.

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.

Just to add, the assay results will now be processed in those new labs in Bougouni so shouldn't have long to wait for them.

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.

We are always close to news Merc aren't we.. this time it does feel different.
Those drill holes got me all excited last night, thanks for sharing that tweet.

clerc, £2m spare cash for equipment? Where'd you get that figure from? There aren't many RNS over the past 6-12 months, I'd suggest reading them it won't take you long.

Fyi:
$117m is on the way, most likely by the end of next month, equipment is on order waiting final confirmation.

KOD have been drilling since mid January and results are due any day... Then Mali/Chinese approvals and then it's game on imo.

100% agree clapa.
I personally don't expect a delay.

Thanks OnlyKing, I hadn't seen that. Very interesting snippet about Cornish Lithium towards the end of the video.

Another shares MCAP is about to reach £180M, I would hope that we can surpass that following completion of the funding transaction.

lots of news next month clapa, that's for sure.
The drill results should be ready very soon, ODI approval from the Chinese, funding arriving, subscription shares sorted and major drilling campaigns confirmed..

Nice one fisher.
Dazaliam got banned from here about 2 years ago lol.
Bib and dazaliam were just misunderstood.