Member Info for ivenoidea

Ignore me I think rolls Royce make cars lol.

Ive had a drink..
The Chinese own 51% of kmuk.
Kmuk own bougouni project
Kodal own 39% of kmuk.
What was the question?

Kmuk own 51% bougouni project, license etc.
That includes all resources and prospects drilled to date.
Kodal owns 39% of bougouni project
Mali government owns 10%bof kmuk as free carry and can pay for another 10% if they want.
Don't mistake 51% of kmuk as owning 51% of Kodal minerals lol.

Mr008.
I think you've misunderstood how this mining malarky works and clearly haven't understood what's been announced.

Mali government don't own any shares in KOD are not entitled to any shares. I very much doubt that they'd be interested in buying any shares either.

With respect nettles where do you get 10p from. Don't feed the trolls!

Worse case 4 weeks.
I now share your optimism.
Very exciting times ahead.

I think Chinese new year may have a say in that mercman.

Mercman, once we get past the 30th April, the money is all in the bank and deal confirmed.
Then the doors open to more risk adverse investors.

dazaliam is still around on another board crying wolf. He has no pride.
Anyway enough of the swearing, have you heard? KOD is soon to be a miner !

Well I am very happy today Laverda.. getting finance is massive and we are now setup to production and beyond.

I agree, his focus is and has been on getting the job done.
Pointless update to say the notification is in, leave the traders guessing I say !

I want to know its been approved and finance agreed along with full details of the agreement. I don't care about LiDAR studies for example.

I hope so clapa because I can't see a finance deal being announced until this change is approved.
Why? Because once finance is supplied then Bernie has 18 months to produce the first spodumene and receive payment for it. I doubt he will agree finance and risk waiting on the change to be approved as that and the wet season may well risk his share rewards..

Personally, I believe it's all in hand and will be sorted before the end of March this years (change notification and finance.)

No worries lav, busy board today and lots of different questions.

I was laughing at mistake using eluded instead of alluded. Big difference just like indicated and reserve lol!

Enjoy your evening. Hopefully we'll enjoy discussing the finance deal in the not too distant future.

Ha ha!

Hi clapa,
That is a good point and one which I hadn't really considered. I am looking forward to this deal.

Hi Lav,

My simple view is that the reserve is important as it removes a project risk. The data that the FS is based on has not been 'proven' to a level I can see in many other mining companies at this stage. The question (which will be answered in the next month or so) is: Will the finance deal be good enough if this risk hasn't been addressed yet? I don't know, although mercman thinks this is going to 4p so who am I to judge ?!

Mining is complicated, yes it certainly is.
Like you have eluded to in the past Laverda, terminology is often misunderstood (and misused).
For me, Finance requires a reserve calculation but maybe it will be included as a condition of the deal (to calculate a reserve.)
I'd be surprised (maybe pleasantly surprised) if KOD do not calculate a reserve before the mine is built. Although I think to achieve the best share price I would want a reserve calculation published for all to see.

Clapa, that's correct about lei lithium. The deal included money to complete a DFS.

Merc could be right about the economics being so good the DFS isn't required but that's unusual for money men to be so blase in my experience.

I have always expected more drilling and further resource upgrades to calculate a reserve before mine development. Bernie has mentioned calculating a reserve in recent videos, in fact a few times he's mistakenly mentioned 16mt of reserve and then corrected himself because it's not a reserve yet.

In short, don't panic it's coming. But plan to expect more drilling before the mine is built In my humble opinion.

So I'd expect a reserve to have been calculated if we we had a DFS. I'm not sure why we have not had one calculated to date, but if I was fronting the money I'd want one.

https://www.911metallurgist.com/blog/mineral-reserves-resources-estimation