Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Lav,
Here is the RNS for the diamond drilling contract supplied by Capital Drilling:
20/4/2023 CAPD:
https://www.lse.co.uk/rns/CAPD/q1-2023-trading-update-dng65wfmn15k1vi.html
"A diamond drilling services contract with Kodal Minerals at the Bougouni lithium project, Mali."
Daz,
Also consider this as well -
I'd be surprised if our gold projects are not helping the market propel the share price in addition to what we know now and anticipate in the future regarding our lithium.
We are not just lithium and with the planned drilling of our gold plots, I'm expecting the results to help keep the share price moving north.
Comparing KOD to prem or even Leo lithium isn't as simple as some people seem to think.
Current SOI: 17,009,980,956
https://www.lse.co.uk/rns/KOD/total-voting-rights-fw0chnx936bnmbf.html
To Be SOI: 19,947,782,927 (17,009,980,956 + 2,937,801,971)
https://www.lse.co.uk/rns/KOD/major-funding-package-for-bougouni-lithium-project-trfqt3rknlc8sb2.html
· US$17.75 million equity subscription by Hainan Group into Kodal at a price of 0.5p per share, being a premium of approximately 100% to the previous 10-days' VWAP (the "Subscription").
· Under the Kodal Subscription, the Hainan Group is conditionally subscribing for 2,937,801,971 ordinary shares in Kodal (the "Kodal Subscription Shares") for a total subscription amount of US$17.75 million (£14.6 million), equating to a subscription price of 0.5p per share, being a premium of approximately 100% to the previous 10-days' VWAP (volume weighted average share price).
Squeezit, my geologist mates reckon they are not hard to spot (pegmatites) and they reckon Bernie and his geos will know where they are all are on the land that we have. Will find out over the next 12 months how much they are worth, its great to see both the flotation deposits and DMS deposits are being expanded and defined in parallel. As Lav rightly states, all adds immediate value once the funds have been received (I can't see why they won't arrive by next Friday).
Hi Accoinista, KOD also spent some money drilling.. if I remember the raise at the time was £700k which is probably about how much it's cost KOD to date.
Good deal in my book.
I had a suspicion our in country manager owned those concessions.. he's a good man to have on board and is proving his value to the company.
Prem are sat on a large resource which is well known amongst the geology circles.
They've had to take a different route to prove their resources, probably a riskier one.
They will do well I'm sure and I hope they do.
Good luck, but this is the kod board and that's what I'm interested in.
I must be doing something wrong here, I have just been downstairs explaining to my wife everything that's happening with KOD and what to expect.
The only response was, "When are you going to sell those ***** shares!".
Until the gold gets mined lol.
HL seem to be pretty good at servicing Bed &I SA requests, they have also recently dropped trade fees for shares purchased monthly via direct debit and the automatic reinvestment of dividends. The latter will make a big difference to the investment pots for my children's ISAs when they turn 18.
Hi Lav, those are the DMS costs aren't they?
When Flotation comes online I think the costs were about $376 although this will likely be reassessed nearer the time.
( I know you know all this Lav, but for the newcomers who may not be aware.)