Member Info for IvRoche

Agree, we need a Bernie Q&A and not a promo piece. There are some questions that need to be sorted out in no particular order: License Transfer (incl. 7.5m payment), Drilling Results (50mt?), Logistics (trucking & shipping), Production etc, Then we can get onto gold :-)

Nearly there on Bougouni hopefully, for me I want them drilling Neile (Ivory Coast) away from Mali (& mining code) to get a maiden resource - that's where the real value is now but we need the revenue from Bougouni to fund exploration. Hopefully Bernie is able to close out the last aspects pretty quick - so we can move on.

I read the last RNS, just found it odd that this would come out a week later from a local paper, could be just that news is super slow there or that the locals are getting restless 😂

At the time of writing this MET1 Market Cap is just below the Market Cap of 80M what a sad state of affairs...

Below popped into my news alerts (looks like it's been translated from like local)....

https://www.ecofinagency.com/mining/1004-46608-lithium-malian-authorities-await-kodal-s-7-5m-payment-for-bougouni-project

Off todays RNS, "The JV is now planning a focused ground-loop electromagnetic survey to refine and prioritize each locality appropriately."

I think our inglorious BOD have poop'd the bed again. We have 7 target areas, jesus h - stick drill rigs on them.

Aston your logic is good. My initial calcs were based on pure mathematical calculation based on CCs numbers.

Either way, it doesn't really matter as "Bluejay" are locked in from selling the MET1 shares for a period and MET1 shares are on the slide down 5 (c25%) today... Question is what will 25% of MET1 be at year end...

Looks like 80m has the right to acquire Consideration Shares at an exercise price of 2p per share, while the current market price is 23p per share. This means that for every share exercised, a gain 21p per share in value (23p - 2p).

To understand how these shares could be worth £1.8 million, calculate the number of shares involved:

Total gain = £1.8 million

Gain per share = 21p (£0.21)

Number of shares = £1.8m ÷ £0.21 ≈ 8.57 million shares

Looks like 80M holds or has an entitlement to exercise around 8.57 million shares at the discounted price of 2p, which it could then sell at the current market price (if no restrictions apply), realising a profit of £1.8 million.

I think that's right...

The below would be a good reason to issue an RNS today...

"KMUK is required to make a $15 million payment to the Malian State, divided into two installments: an initial payment of $7.5 million upon signing the MoU and a second payment due before March 31, 2025."

Market opens in 40mins, even if not a full blown RNS they need to issue an RNS update of some description (holding statement etc).

Does anyone know whatever happened to our resource upgrade... Or are we expecting a mega RNS re: MG payment, license transfer, production/shipping all in one hit...

That's the thing CC, by drilling Disko, assuming assays are positive, they will create short term shareholder value and shore up the SP. One hit on an ore body of significant quality/quality - we will be in good shape (until they take advantage of any increase in SP dilute us further to fund whatever hair brained idea they have next). Plus, why being in mining if your ambition isn't to explore and exploit resources or they can just be explorers and sell it off to others to exploit.

Quick point: with Disko they need to prove something is there and then start delineating a resource (maiden) and then mineral reserves... The PEA, Pre-FS and BFS, environmental impact assessments etc etc etc we are talking about a 7-10 timeframe before mining would actually occur at Disko at best from where we are now. In that time assuming the transition isn't blown completely out of the water by the "orange cheeto" demand for Nickel etc should be significant....

Suay Chin must nearly be done with offloading at this stage, KOD has an average daily trade vol of ~50m, and it's been what 5mths since SCs Offtake was bought out - my bet will be seller out by end of Feb!

These guys have lost the plot and are literally gambling with investor cash as soon as I can I am dumping this steaming pile of excrement!!

Note: I suspect the reason why we have seen no asset sales. Look no further than Ironbark Zinc, fully permitted Zinc and Lead mine in Northern Greenland - over 100m investor money spent and they got $1.4m for it. That's the benchmark, most of our assets are unproven and therefore are virtually worthless.

I do enjoy your posts Ashton, however there is another factor to consider and that is development, extraction and production costs. If Russia for example has a break even price of $40 per barrel and they have relatively ok infrastructure. What would be the likely cost of developing infra etc in Greenland. In my view atleast, despite macro challenges for ARCO, the economics weren't there vs development of alternative options at that point in time and are divested. So unless we can divest some of our non-core assets.

Based on all the recent announcements re: Hamaslathi, Outukumpu, Dundas, Thule, Disko, Jameson do we actually have any non-core assets left to divest? and then reinvest in our core assets.

Or sales of non-core assets.

" As part of this process, WFE has been granted a four year extension to the first licensing sub-period." This is a positive.

We need a few more catalyst to get the SP moving, and preferably that comes in the form of JVs / Earn-Ins from existing projects (and not further solution).

That's 15% of available shares... Something is up. Perhaps a leak of upcoming news, a run at taking the company private or a transfer of shares between funds. I think Rod/Eric should provide some news here.

I will reiterate what I have said before... I am here for Disko.

I am going to stretch that to "only" here for Disko because it is the only thing that will move the SP. With the exception of Dundas, which is more like the hoki-koki, Outukumpu / Hamaslathi / Jameson / Thunderstone etc are too early stage re: industrial gas or other mineral development - irrespective of surface readings from old holes and would require significant funds which we don't have a pathway / visibility on at this point.

Aston says, this is a hope share. He is not wrong. It feels like we are repeating historic mistakes massive portfolio of projects with no focus on how best to deploy limited resources. Assets sales

don't appear to be progressing a glacial pace, JVs who knows and potential access to government funding has gone quiet.

I just hope Kobold stump up some serious funds for Disko and that news comes soon - Disko is our best hope!