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The drill results are shockingly poor, over two hundred meters of digging to hit a 3m seam. That stuffs never coming out of the ground unless Spod prices are above $5k you can totally forget $800 price to port being reported by George and what's more worrying is with all the other issues going on causing delays why has he moved to another area to drill ? The required grades maybe just aren't anywhere to be found ? Weathered spodumene, 3m seams 300m below surface. Things aren't looking good
Below is a link to the investor presentation. You can set your calendar to this now in one year from now Kodal Minerals will be a spod 6 producer. The 30mt resource will of undoubtedly gone up considerably, the price of lithium spodumene will have gone up considerably and these boys will move onto the next target and for Bernard that will be probably be drilling and firming up gold resources and agreeing terms with Hainan for Steve that will be the flotation build. By the end of 2026 Kodal minerals will be producing 355kt of Spod at 6%
As for my thoughts on the SP between now and then well I have no clue on how long it takes for the market to wake up to what the potential is here, I'd imagine that we've now offloaded the day traders and there'll be very little further opportunities for them to enter, this should mean a less volatile SP in both directions. What we should see from here is SP growth as news comes, project progresses, wider market sentiment returns, Lithium price increases, gold price increases, inflation falls. I believe and it is only my opinion that if the before mentioned happens then I'm looking for a 10x from here. Granted there's a number of things that need to fall into place for that to happen and I'm looking at a timeline of 3 years but this project has real solid fundamentals and I'm looking forward to being on the journey
https://youtu.be/AFfXjMC6B2E?si=IyTSJl_mw2VOsHLY
If any new investors do look through all the stuff here you can find it hard to sift through a lot of bickering so I'll attempt to start a thread with a rough outline. It'll probably get ignored or hijacked by someone with an agenda but I'll try anyway.
Kodal Minerals over 300km2 with just a fraction explored so far already with 30mt resource lithium project at Bougouni in Mali has just be majorly de-risked with the transfer of funds from Hainan Mining a Chinese major.
What to expect from this. Kodal has given up 51% of the project to Hainan in return for $117.5m
Kodal will use $65m to build a DMS plant within 12 months from now which will produce 130kt of sc6 per annum.
Within 2 years from the commencement of the DMS plant being in production a further plant will be commissioned this flotation plant will produce over 200kt of sc6 per annum. The flotation will be paid for from revenue from the DMS.
After using $65m to build a DMS plant there's $35m for drilling and exploring this super rich lithium land.
Bernard Aylward CEO of Kodal minerals is a geologist so when he's excited about what's still to be drilled then so am I. I believe Kodal have looked at 2% ish so far of the land and licences owned.
Hainan mining are building a processing plant currently right now in China. They have one place in mind where the sc6 is coming from and that's Bougouni.
Steve ( can't remember the spelling of his surname) has built mines before and has a wealth of experience in Africa
What to expect over the next 12 months
Steady flow of RNSs
News of lead items ordered
Drilling updates
Resource upgrades
Mine build
Resource going from inferred to indicated
More drilling
More resource upgrades
The current SP is now the platform for what is to follow.
I personally am loaded up and ready for what I hope will be a wonderful journey with Kodal minerals and Hainan mining
$65m DMS build
$35m drilling, road build etc
That a whopping $17.5m to use as Kodal Minerals see fit. Kodal Minerals have a number of gold licences in Mali and the Cote d'Ivoire which it would appear both Bernard and Hainan are interested in further JVs
Risks
Mali has been politically unstable
Mali is currently taking a full reviewing their mining licences
There is currently trouble in the north of Mali
Having said that Bernard Aylward and Hainan officials appear to have a great relationship with the local community. I'm on the Bougouni Facebook site and Kodal have been to many meetings regarding local infrastructure and what they can do to help. Kodals road is currently being built in cooperation with local farmers and Kodal will employ many locals to work on site during both the build and during the 10+ Life of Mine Kodal has also already funded a local school to enable it to have its first teacher in over 3 years.
I have little understanding of daily SP movements but do believe this to be a fantastic entry point to invest to production
Said the man in the orthopedic shoes. Now let's get this money transferred, let's get all the long lead items ordered, let's get a resource upgrade on Boumou, let's build a road, let's get the price of Spod moving northwards and let's hit our timelines on the build, come on KOD💪 😁
Last couple of images of Bougouni from the satellite imagery look promising. No clouds, the road work can clearly be seen being cleared. I'd like to think that both parties will be keen to get a drill into the ground again and I wouldn't be surprised at all if we see a resource upgrade shortly after funds arrive from the drill holes we didn't receive news from in the spring. Boumou will likely get an upgrade on resources soon. I'm personally looking forward to the next couple of years here with KOD . The futures as bright as the latest satellite imagery
What's happening with the QM Systems home heating project ?
' Plant: The team successfully processed 1138 tons of ore, and we're pleased to announce the commissioning of Plant 2, which will boost production in the week ahead. '
Was the tweet so I would presume from that the 1138 tons refers to the working week with the 2nd one boosting operations to 500 ton per day the 2 combined
1. To authorise the Directors of Caracal to allot securities up to an aggregate nominal amount of £1,068,376.08.
What do people think this money is for ?
I'd be interested to hear others opinions I'm thinking in no particular order
1. Mill End next payment
2. Elusion room
3. Admin expenses regarding funding negotiations for both Kili and Tanz
Legalwolf I do find you to be extremely knowledgeable on the stocks you comment on and always with a glass half full opinion on those stocks which you comment on and invariably you say you're not currently invested until you see x,y and z achieved by the company which would mean that most probably the SP would be multiples of where it currently is as the stock is considerably de-risked which makes me wonder why you don't invest and comment on those stocks which are further along the line with JVs etc.
It seems a little strange to be so up to speed on the goings on with companies you're not investing in. I don't know where you find the time or for that matter why ?
And what does that tell you watcher ?
If you put the radio on you'll hear lots of adverts telling you that gold is at an all time high and to sell your gold to them. It's not but what does that tell you ?
The people with money who can wait want in at the bottom once the working classes have sold their shares at a loss and have sold all their jewelry they no longer wear ?
Or maybe I'm wrong and the world's about to end who knows
I sense us LTHs are now about to go over another major hurdle. This has ended up being like awaiting the mining licence a couple of years ago. Anyway good things come to those who wait. I'm waiting patiently and once this lands there's an exciting 12 months ahead of steady news flow.
Good luck all
These aren't BTF and I never mentioned BTF. These were just simply unknown trades where the buyer wishes to remain anonymous. Five went through that I saw earlier and they were all timed one hour behind
Hypothesis: There's a bunch of unknown trades been going through for a couple of days now. They all go through one hour behind. Mali is one hour behind GMT. Is this 2+2=5
Or is there someone in the know loading up ? This along with the 235m buy and the 70m buy all looks very tantalising
I think you've summarised that pretty much bang on Lav and whilst every company should be treated separately. That sort of arrogance/ incompetence from our neighbours doesn't do us any favours and certainly doesn't help our short term SP as PIs rightly worry about the time this has taken and the problems next door.
Having said that now that the problems for LLL have clearly removed KOD from being caught up in any of it. KOD SP is free to fly. Bernie could well be walking out into the AGM hailed a hero with the deal done, funds in place and ready for the next leg of the adventure