Member Info for Joeman1

I had noticed Andrew, that you appear to be one of the dependable constants in this share....

You seem to be suggesting exclusivity includes the deal at the end. Its exclusivity to investigate (as you keep pointing out) an inadequately presented case.... Sino have an advantage yes, but you seem to be suggesting they have the whole thing tied up.....
Maybe that was the reason for the double drawdown? So we are not too exposed in that scenario.... I think you are being too pessimistic in making it sound like that is Sinos game here....

Anyway, the act of Sino making a play for what Kodal have will be enough of an indicator for others.... the biggest risk imo is Sino walking away without a murmur....

Its death spiral finance if there is nothing accretive being done with the money. When that is the case, you are right its a good idea to have an eye on the door.
Kodal should at the very least have feedback from Sino at the end of January and this mining license cant drag for much longer, with the OTA to follow. So although the use of this type of funding has undesirable connotations, unless the 3 things I mention above fail to come good, I dont believe you can call it death spiral here. (Of course that could all change come feb/march).
Does sound BiB that you have no faith in these thing coming off. Tbh in your shoes, I would have sold up by now and accepted whatever loss that entailed.
BA took the decision to drawdown on the second tranche of CLNs, without giving us a clear understanding of what he was doing with the money, (Imo locking in further dilution) and that annoyed me. Hence my comment that I had no idea what the 1.2million was being spent on.

BIB.... its not debt.... ive yet to see a company in our situation pay such loan notes back.... and as soon as the holders get a whiff that Kodal were suddenly in a position to do that they would convert them in an instant.... its a backdoor share issue so id take it as dilution and stop calling it debt. But that's just my opinion....

So.... we have what's left of both CLN drawdown which at last reporting was about 1.2 to 1.3million.... and that was Money In The Bank. But I dont know what that is being spent on or how long its going to last..... im not painting a rosy picture..... just in my experience the best way to view CLNs is as full dilution ..... that way you aren't disappointed. .... or confused by a false hope.

Bet you ten to one... if the Sino hope falls through, in a years time they will be converted and BA will be declaring that Kodal is still in a great position.... sitting on a great resource and Debt Free....

We have 1.3 million in the bank ..... being what was left over from the 2 loan note drawdown..... im still not sure what thats being spent on.....

I read, "new areas of manica didnt get into production im afraid, so December numbers the same as November.... but will be ramping up in January". My interpretation.

Good news was tailings dam construction started.... so we could do with some pictures please.... call it evidence if you wish... a few here predicted hard rock wouldnt be until well into Qtr2..... so well done to you guys.

Needs news to back up though.... come on Colin. The woods are burning.

This could be my aspirational hope too CE, I.e. that the treacle like progress over the last few years has been due to funding constraints and Manica will be the enabler.....
But we have to consider your medium and long term numbers as prospective imo.... Manica first..... then we will see if the modus operandi changes.
Its a lovely dream to have though

Thanks CE.... very diplomatic.... but im still frustrated with the lack of Moz news......
When we are anticipating/hoping for so much news by now.
Fingers crossed.

Is there anything from your discussions with the boss that would even hint that this is a possibility CE? Feels like there has been radio silence on those prospects for 3 months now...... so 3 weeks from Christmas im starting to wonder if we will even get a production update.
Im not suggesting insider trading info CE you understand..... just a reiteration of what we were led to believe back in August.... that these would be up and away this quarter.
The production info delay is really beginning to weigh on my christmas spirit.....

I just want some more news/update.... a delay due to the rainy season (have you seen the rain over there?) Would be understandable but might dip the price a little.... but waiting and waiting when a production update is going overdue and people start to worry that its hiding some bad news on the new alluvials contracts (such as we have had in previous years). Its only human.
Good to know there has been some reaffirmation of potentially happy investors soon CE.
Im not looking to sell.... just to have a smile on my face. Gla

I just want some more news/update.... a delay due to the rainy season (have you seen the rain over there?) Would be understandable but might dip the price a little.... but waiting and waiting when a production update is going overdue and people start to worry that its hiding some bad news on the new alluvials contracts (such as we have had in previous years). Its only human.
Good to know there has been some reaffirmation of potentially happy investors soon CE.
Im not looking to sell.... just to have a smile on my face. Gla

4 trades so far..... so lots of sells could have been a premature call... I agree with your shopping list though.... in fact I'm sure Colin suggested there would be site photographs beginning to appear on the website.... but nothing as yet....

I certainly hope Colin isn't planning on giving us an advent calendar this year whereby the doors opened each day are empty...... time for some good news Colin (before advent begins)

Thats probably true bt.. . But the hard rock development and all others are being managed but 3rd party mining contractors..... so not one of those sites has XTR responsible for security.

Russian doll comment should be dealt with within months as the mines start producing or im out of ALL CB ventures for good.

I wouldn't take "get out" advice offered in quite this way, but I would advise everyone to consider the full conversion of all CLNs as a given.... especially in a company this far away from revenue.

Despite there being quiet good news flow recently, this has dried up a little.... and given the crucial point in proceedings ..... I think we deserve another update.

Get on the phone to the contractor Colin, ask them for an update and then let us know.... its not too much to ask.

He specifically mentioned the tailings dam construction not having commenced as it would be a multi million $ investment.... I took it however that the balance of plant was complete, although I cant find a reference to everything being complete, the lists on the website suggested many many months ago that the workshop fabrication and was nearly there

If nothing good comes from the Sino tyre kicking exercise you could be right..... actually I take that back..... the financing would just revert to dilution im sure..... which im already assuming anyway....

I'd be surprised if there is additional revenue in last quarters results, but hopefully they can state that production has commenced...... on at least one of the other contracts..... am I being too optimistic?