Member Info for IvRoche

What co-ordinates are you using... Or should we add this to the existing pile of poop floating around you.

@Lav

In Kodal’s August 6 2025 RNS, the company stated it is “working with the Ministry of Mines to finalise the remaining administrative requirements, including confirmation of the floor-price framework expected to take effect on 1 January 2026.”

They don’t actually use the spot price when doing a BFS or FID — that’d be way too volatile.

What happens is they pick a long-term gold price deck based on analyst consensus (WoodMac, S&P, banks, etc.), usually well below spot to stay conservative.

Example: with gold sitting around $4,217/oz today, a BFS would typically model something like $3,000–$3,200/oz in real (inflation-adjusted) terms.

The base-case NPV/IRR is built off that long-term price, then they run sensitivity tables for upside/downside (say $2,500–$3,800/oz).

When it gets to FID, the board checks those numbers against the recent spot averages (like a 3- or 6-month trailing price) before signing off the spend — but they don’t replace the base case with spot.

Slanging match, there is none... But unless you can prove otherwise per Ricardos post below you didn't agm and are a lying sack of poop!

Ricardo2019 - RE: PMSL6 Oct 2025 12:18

Chef, you've just proved to me that you are a liar and possibly unwell. I wasn't going to call you out since, frankly, I didn't care and I think people here have already got your number. But since, after many days, you've chosen to namecheck me for some bizarre reason (I have no idea why as I've been away and haven't read all the posts) then you've forced me to comment.

You only know that Mohammed provided the merch this year because I told you that. Can you tell me something else that Bernard said both to Mohammed and I in front of the entire audience (that wasn't said during the webcast)? I'll wait...

What's the reason that both the other retail investor and I know we were the only two there? It wasn't because the BoD insisted on personally speaking with all shareholder attendees either. It wasn't because we were specifically thanked for making the effort to attend by Bernard in his opening remarks. It was something more formal - what was it? I'll wait...

Inside your new KOD cap with the new branding, there's a white label. It has one word just above the description of material - what is it? I'll wait...

Oh, and tell me the one 'odd' thing about the AGM facilities that was widely commented on by guests and the KOD board? I'll wait...

There was no 'scruff wearing ripped jeans and giving people high fives'. We're in a solicitors office and everyone was acting appropriately for the corporate formal event it was. What bizarre thoughts you have - are you unwell? I won't wait for an answer to that - I think we have it already, thank you.

You weren't at the agm... Are you really still continuing with your lies after Ricardo called you out in your bs

Is a dual listing (AIM and ASX) the way forward?

@Bobtastic - can you download ShipAtlas App from playstore / appstore (registration is free) and let me know what you are seeing for Miena Desgagnes...

Note: the app is better than AI lol

The vessel at anchor off Ittoqqortoormiit is MV Vestborg (IMO 7104166) — a Danish general-cargo ship on a late-season resupply or project delivery voyage (AIS history has her making a number of port calls from Southern Greenland to current position off ittoqqortoormiit). Ship Class is dry bulk / mini bulker and judging by pictures wouldn't be able to carry to type of equipment we need. Verdict: Not our boat.

Scratch that AI is seeing ghost ships...

FYI - The vessel anchored near Ittoqqortoormiit right now is almost certainly the ice-class cargo ship Arina Arctica (IMO 9245657), operated by Royal Arctic Line.

She’s performing the last seasonal supply/offload call to East Greenland before freeze-up, and will likely depart within the next 24–48 hours to return west or south toward Iceland or Denmark.

SFC.. I have a feeling that no matter Kodal deliver that you will be a moaney arse. What a sad life you lead. Do us all a favour and sell.

Check out ittoqqortoormiit on the link - satellite images are up to date - ice in the bay and more than a few days ago - Miena Desgagnes, ice class vessel, enroute!

Have my AI scanning for updated destination for Miena Desgagnes (trust but verify).

Just seen the 'short position' 2.99% / 20m shares as of 09 Oct... rough estimate 40m AUD out of the money - once they close it will be like an ASX200/GDX inclusion boost... Lol

Bell ends are probably betting on bad news from the quarter end report...

Https://shipsnow.com/

This is the site where you can see all AIS ships.

Moriasuq: Miena Desgagnes and two tug / special boats operating

Ittoqqortoormiit : Cargo vessel anchored (anyone got a name for this ship?)

Yep it's all about execution now Ashton, probably a few days behind schedule and should still be on track.

Miena Desgagnes has been anchored off **Moriusaq since roughly 8 October 2025 - about six days so far - likely conducting or just finishing loading. No signs yet of onward movement toward East Greenland.

Hopefully they get a move on as its 8-10 day sailing to Jameson from Dundas, weather dependent and then offloading time. They are cutting it mighty fine and may need an icebreaker to support.

Agreed, we have a ship, next leg depart for Jameson.

Need to go back and read the plan of ops but I think the rig is already on the ship, it was to stop and load up in Moriusaq for dozer and pods, then final leg to Jameson.

Were you around when they also released an RNS saying they were drilling Disko a few years back? Only for them to retract the RNS and pretty much state they got their wires crossed?

Or the fact that they released several RNSs re: the Dundas BFS including a placing only to never release it...

With this company it's trust but verify! Very heavy on the verify...

My biggest concern was ship chatering and that if hadn't actually happened by now we would miss the window and I put forward a potential reason why - funding... which is called speculation as to why we hadn't heard about a ship. You know the stuff you and your buddies do re: predicting the SP...

As you can see from AIS, looks like quite a number of AIS aren't updated and still shows the ship on the Canadian side of Baffin Bay.

Wow bit slow on the uptake there EB.

1.) Desgagnes is the company

2.) Miena and Nordika are effectively the same class of ship

3.) Moriusaq isn't a popular destination and really can only be related to Dundas