Member Info for ivenoidea

The share price is "low" because the market doesn't believe Bougouni is a "cash cow" yet.

It sees it as a "marginally profitable operation" that needs to fix its recovery rates to survive if lithium prices dip again.

- The grade produced is below target 5.53%, are there penalties for this in the offtake?

- The aisc for 2025 was implied as above $1045 in the recent SPA broker report, way above the number constantly mentioned by Kodal, when will they tell us the truth?

- The recovery is under 35%, Kodal has stated they are "refining and modifying" the plant to improve this, but until they show a recovery rate closer to 50–60%, the "profit" margin remains paper-thin.

-Kodal's first shipment sold for $989.50/t CIF. If the second shipment was sold under the same contract terms before the most recent price spike, the "cash" might not be as high as the current spot price suggests.

- Stage 2. The market is worried that Stage 1 cash flow won't be enough to cover this if recoveries stay low, leading to potential future dilution.

I think it's wait and see until the real data starts to emerge rather than Bernies empty promises in his promotional videos.

Those claiming everything is fantastic are living in cloud cuckoo land.

Clapa, I agree and that's why we've seen barely any new news.

The last RNS contained an admission of incorrect information reported over 7 months ago... It took 7 months for Bernie to admit the truth...

Batch one sold at a loss

Batch two is at sea with zero confirmation of the 95% payment, forgive me for being suspicious as to why that's not been RNSd. Does Bernard not know the payment we received?

Try this, it might help:

https://www.friendshiplab.org/social-skills/

@JoeBloggs28 do you ever wonder why nobody ever rings you for a beer?

Joe, your argument with the plonker will never conclude.

He has this disease called, " I can't shut up, I'm always right".

April isn't too far away, the truth will always come out.

Fwiw, Early indications are that the first shipment was sold at a small loss but the costs are now under control and subsequent shipments will make a healthy profit in a rising spodumene environment.

I personally think, it's looking reasonably good but have concerns over the amount of DMS feed available. We will run out of the current 'stock' before phase two is in operation so will 100% need more from somewhere.

@GeorgeH1987

Thanks for sharing your research.

When confirmed should lift some of the weight on the share price.

I think we'd all appreciate an update from the board on:

- whose managing the phase 2 studies and esg compliance now Steve Z has stepped back

- is the plant operational and what's being produced, we know nothing beyond what had been produced by mid July last year and that's unacceptable IMO.

- progress on the mre upgrade

Waiting for April imo is ridiculous.

Good luck Gary. Good entry IMO.

My only advice is ignore Joebloggs, he's the end of a bell.

And be careful of taking advice from those wearing these:

https://youtu.be/F_yor5Od3yA?si=_CtjO78-9aAfbxG0

Rotter, you're best off taking your discussion with bfd offline... Save us all a day of reading his incessant arguing.

You can find him most days here:

https://share.google/479PmamYrEISyvGgN

I've emailed Bernie to let him know

"

My own view, as I posted at the time, was that the loan was the amicable agreement between Kodal and Hainan to resolve the dispute.

This is still what I believe to be the case.

"

Not the case bfd. You need to start listening to what other investors are telling you instead of instantly dismissing them as stupid trolls.

As I told you in the summer, that loan was because kmuk needed working capital.

Hamster, yes th latest news is 2026 which will most likely happen in 2027.

I wouldn't pin any hopes on this as Bernard never hits these targets and is already talking about 2027 in his videos...

It doesn't hurt him bfd, the bloke is senseless living in his own cloud cookoo land.

I'm reading the details plonker so I can correct you for the next six months

Did you actually watch it @Bfdinvestor ?

It seems about 45 minutes too long for your attention span.

I'll help, scroll to 7 minutes 56 second's and listen to the words very carefully for the next 30 seconds or so

Then come back and tell us all what Bernard said.

@JoeBloggs28 .

They'll need to update that study for the fid in 2027.

But more relevant is for the more recent DMS study, the spod price may well be quite accurate if prices continue to push upwards, which I expect them too.

I did in answer to Joe's point and that was Bernards prediction not mine. Now go and get laid or something

What are you witterring on about bfd you plonker?

I've made no such prediction. Up to your old tricks again... Go and get laid..

That post was outlining Bernards price prediction in Bernard's study, not mine. I was explaining the difference in prices between studies to Joe to avoid you chirping on all day annoying the forum users..

Looks like nothing can stop plonkers being plonkers.

Bfd,

Watch the interview by Alastair Ford on vox markets, the timeline (unsurprisingly) has slipped into 2027 for the fid.

Given how long it took from fid to first production on the DMS, I very much doubt the flotation will be online until 2030.

Well Joe, the way things are looking it very much looks like the DMS average price across it's lifetime of operation could well be $2k.

You obviously know the answer to your question and are baiting that plonker bfd, but I thought I'd get in early and save the forum a day of plonker arguing his own shadows.

The flotation won't be online until 2030 at which point it's predicted the price will have stabilised around $1k, currently it's going up, how high? Well high enough to rise the good ship Kodal.

I think I'm the first poster to finally find your level Joe.

Hopefully this is the day you find peace within yourself.