Member Info for Jaybike

The only thing that can save this company now is if the Earlofaim buys the dip and ramps it in the morning

It's also going to be sc6 at best so running at a loss with current Spod price. Spod price might of gone up by the time all these creases are ironed out though. This has been like a Primark linen shirt this pilot plant

Oooffftt what a terrible RNS

Everyone running for the exit gates like steel workers running to the pub on a Friday early finish tomorrow at 8

I love lithium

SC6 small profit $100-150 a tonne, opex $800. Lithium prices are going up now.

The cost to port of $150 was emitted from that $800

I don't think there's anything RNS'd regarding opex just George in a stockbox interview saying $800 not including to the port which is a further $150

Ralladaw , i reckon 5.5% then it improves as they refine the different parts of plant . it takes weeks to refine the % .

The best part of the plant is the bud Snowking. Leave the leaves for someone else to come and refine it for you they're falling over themselves for the scraps apparently. In the meantime keep on smoking

We're in the grips of a tight squeeze in the lithium price ATM now that can go on an on and on and companies like Prem which have gambled on getting to production quickly with pilot plants can easily get swallowed up during down trends it's a rinse and repeat cycle. There's not many entrepreneurs make it for a reason.

There's 39m of debt now owned to Canmax but the hampers say Canmax have to offer the 12 month SP high of 104p this isn't how business works unfortunately the company in the commanding position just wait out as time is always the key component.

It's $800 a ton to produce, it's $160 a ton to refinery, it's a sale price of $938 a ton Prem will lose $22 a ton when they can finally produce something.

PIs there's a lot of traders working the market here, do what you need to do for yourself and don't believe rampers who are exiting

i do think ⚰️👁️🦆 is just a genuine investor that's underwater but some of the the quotes are concerning like this one from delusional damian's buy hold sell video comments yesterday

'a few key points you missed.

you didn't really cover the mre at all. the low iron content is absolutely world leading and with am sqi dominant pigmetite it does truly point to a world class sc7 technical spodumene capable resource.

then the talk of a sulfate plant sustained by that lom. then the talk of new pigmetites in the epo already secured by licences.

get producing by end of march and canmax will springboard prem to a mid-tier producer within 18 months.

only ****er, short term funding. i have it on good authority the mre unlocks debt based funding. 🤞

lastly, wtf is going on with mutare? why haven't goddard shares been introduced to market? are these linked? it's definitely a private uhnw that has the other 50% of mutare - otherwise it would have had to be rns'd by now. imagine a share buyback of presold goddard shares if the uhnw gives funding? seems fanciful but they've not been admitted and it's odd.

good luck folks. plenty of bumps on the way but it's a world class resource. it will bear fruit.'

i have it on good authority is either lies or inside info is it not ?

That's embarrassing, give your head a wobble and then delete it, more fear of delusion than dilution, childish stupid waffling about GR on a yacht with Elon selling him 19 years worth of white gold and a Netflix series, I'll have one of what you're on please, shambles

Thanks for the responses guys, continued my research this afternoon, I certainly see some positives from here. Legalwolf I've gotten distracted whilst researching KAV on X wondering if you're Andrew Neal ?

So the purebond £6m investment at 1p a share is from an Indian family by the name of Kansagra which appears to be 2 brothers but below the surface it's a considerable family business consisting of around 120 companies in many different sectors. So we can probably expect them to number crunch, stay out of day to day running of the business and expect the company to get to mine asap. Reminds me a little of QGlobals investment in Marula. These juniors with funding at this stage of the cycle can often be low hanging fruit.

At todays price you're getting to piggy back on the Kansagra family's £6m at a 35% discount to them and hopefully no dilution until a JV or self fun small scale depending on how they want to proceed.

Looks like there's roughly 60% of the shares tied up in directors hands. Looking at the SP the majority of the remaining 40% will be underwater ( sorry LTHs that's the small caps in general atm) so other than a possible further slight trickle down in SP due to macro environment.

POG continues to strengthen.

This could be set to come good here when things turn

Hi LW and others , what's the cash situation hear do you know ?

Just having a look over things it appears that a major dilution has already happened at a reasonable price to the SP. POWs shares 5% gobbled up by a director off book.

Zim looking like it could be potentially mining friendly over the coming years ( as good as you can see when looking through a glass onion )

The prospectus from October is stating £6m raised, what's left of this £6m ?

It looks to me like there's 2 drill programs going to be run in tandem? Do we know how many drills for each site ? How many holes planned? Can anyone post any links to any historical drilling in these two prospects?

Sorry for all the questions but if people here can cut down some of the long grass for me first then why not right, isn't that what a BB is for ?

Thanks in advance

Jay

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

Good assessment Horult

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

there's only two things that smell of fish sono***un and one of them's fish

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

Only takes 10 million shares bought at these levels to move the SP over 10% 😊