Member Info for Joeman1

https://insideevs.com/news/435192/bmw-pauses-munich-plant-retool-electric-i4/amp/

I think they sacked the contractor that prepared the bulk sample BiB... i seem to recall.

I see they now say up to the end 2020 for their improved FS.... BA, you really need to invest in MS projects and prepare a nice gant chart so you can figure out what causes your slippages in timescales...

They also make the statement that management prepared a cashflow estimate for the coming year.... but they haven't included that for us to pick over..... im guessing £750k plus the remaining benefits from the financial agreement. But what's the basis? What are you spending that on?

So we should have an announcement soon? One way or another? Even if it is just an agreement to extend the deadline.

Has anyone found the now expected interview to go with the big announcement?

Hope BA doesn't feel its job done.

Just another point..... it was nice to see that the credit agreement has performed... to expectations.

The one thing everyone needs to take as a given (even if by some turn of events it doesnt happen) is that money taken out under this agreement is dilution. Technically it isn't, but in reality Kodal are at best without revenues until the end of 2021 and possibly into 2022. If all good things happen to us (MLA, OTA, finance for project) the share price will be significantly higher than .063 (plus the 10% interest) and the holders of the loan notes would be fools not to convert and cash them. Kodal will have no money to buy them back first..... it will help your sanity to just accept that.

The plus points .... imo
1. They have only taken half the allocation now. The dilution is 50% of what it could have been.
2. From a near to midterm term solvency perspective Kodal have a pot of money now to spend.... but also access to more if the milkman needs paying.
3. Kodal now have what all exploration companies need..... a little money to keep speculating with.

Whether this is good for us investors isn't whether the money suppliers are going to convert or sit and wait like little lapdogs to be paid..... its whether Bernard and crew are going to manage to generate value with it.

I dont think there is as much to talk about with regards to the funding as some might think..... i think the arguements/discussions are better aimed at what the money is being spent on.....

And BTW... we need to be given more information on this.

Ahh sorry, I thought you meant effect on MLL. (Ie shareprice rise/drop, general sentiment etc). What's the new guys job if it's not getting MLL into production? Navel gazing or more exploration?

So we shouldn't expect any improvement in those numbers quoted in the FS then.

Hi Daz, now you've mentioned it, what was the impact? I'm asking out of interest, but I'm not invested so haven't been following closely

Just watched a benchmark minerals podcast (live). The representative from Lake Resources said that they had been looking to develop an OTA with one company, but that a recent upsurge in interest due to downstream developments meant that they would be having discussions with MULTIPLE potential OTA partners.
I know it's not Kodal, but let's hope this interest extends throughout the supply chain....

Production will NOT be 2020 please dont persuade yourself that this might happen ........ development potentially ... and that is what the minister of mines would have been talking about. Development will mean Mali jobs, so she will be over the moon if a JCB or 2 arrives at site later this year.

So.... we will have some dilution to advance the gold prospects..... just when I thought we might actually have some news before another share issue.
If you are reading this BB Bernard.... give us details of what you want and what you want to spend it on, otherwise you might have a lot of NO voters.

Hi Muel,
Whatever a Junior explorer/miner CEO tells you in this respect is (for the honest ones) what their aspirations are for their company...... not definitely fact (this is true for any commodity, lithium, gold etc). But the numbers they publish have to be straight down the line and the Kodal published metallurgical results both lab based and from the recent bulk sample processing are very good.
If you keep researching however you will also find that required lithium quality is currently a bit of a moving target, with EV battery companies being driven by the warranty aspirations of their clients (such as Tesla) and we are yet to fully understand the differences between the materials acceptable in battery packs for Hyundai and battery packs Porsche (and fixed battery storage).
So (in my opinion) there is a degree of placing a bet with any new lithium resource until we see what the supply chain value it as (not the chinese spot market).
BTW.... I didnt realise that when I first bought into Kodal over 2 years ago... but I dont think the lithium market realised it then either. I think this is a learning curve for everyone.

Good to see you are keeping your mind open to the future dynamics of the lithium markets Daz.
Good luck guys, I know where I am hoping the pegs line up.... and I know where I will be looking to get the early indications of these.

Ok Daz... line drawn under my response. In my opinion If we can sell our spodumene to a supplier of tier 1 battery manufacturers then we will have a minimum of 30% premium above current spot prices.... probably more given the 30% premium currently available is before demand really takes off....
If our Lithium is t2 or less then any premium is uncertain but not impossible given the resurgence in LFP as cathode mic....
if we only make industrial grade we are bust....
Btw.... there is no Yes or No.....

You dont need to follow him Daz. You can listen to his podcasts and read his stories on global lithium.....
I'm not bothered that you think his info is bull.... you can follow morgan Stanley, who for the past couple of years have been contrary to Joe's. Even Morgan Stanley are pointing to this split in the lithium markets caused by demands for different qualities being at different places.
Anyway.... my opinion stands. We will not know the sale price of our lithium until we agree a sales contract with someone. Quoting the current chinese spot price is as irrelevant as me declaring we will get a 30% premium on this..... we wont know until pen is put to paper....

Not sure Daz, as might be obvious from my last post, he tends to make statements in intermediate chemicals prices. He is also very truthful about the risk to the rest of the lithium Market of this skewed demand and price .... I.e. mines that can only produce 30% at higher quality will be dumping the other 70% on a industrial product market that isnt seeing the same demand increase.... so it is likely the price for industrial product quality will collapse.... unless it can be upgraded in another processing plant...with the additional costs associated.....
You say he is paid to pump Lithium.... but I always find he provides enough detail to support his viewpoints.
Quality is king... and the significant growth is going to be in the high end stuff.... which means price disconnect... if this seems like an alien concept to you I'm sorry....
BTW... for comparison, you have the same constraints in the Crude Oil market, which is a mature and well documented one. If your basket of products meets the spec of Brent crude, it achieves those prices... if it is like Venezuelan heavy oil then it is traded at a significant discount.

As I've said before. Follow Global Lithium podcast... Joe Lowry, who has been working in the lithium market for 30 years has stated on many recent occasions that he personally knows that T1 battery grade prices are being maintained in Japan and Korea, with contract for hydroxide at 12k compared to the chinese benchmark of 9k.... I'm not making it up and im quoting an industry veteran who claims to quote actual contract values.
Also benchmark minerals just ran a week of lectures in all things battery. This price disconnect was mentioned more than once.
You can subscribe for free and watch them all at your leisure..... all in the name of research.

There is demand NOW for high quality battery grade lithium from the tier1 battery supply chain.... supporting higher price contracts in this area. The question is will we produce that grade.... and I think we will see the answer to that in whether or not we get funding agreed this summer. If we are only selling to tier 2 then you might be right Daz, although even in that case I can still see new mines needing to be in production before 2022.... therefore funding would be needed very early 2021.
Enjoyed the SP lift on friday, will be nice if it is followed up with some news. GLA.

Possible in the future..... but with each billion invested in Lithium gigafactories...... the further down the line commercialisation of alternatives become... >10 years in the future imo

That's the milkman paid....

INI responded on the 19th May SorB, but in fairness it was from an info release from September last year. It's well worth pursuing for details imo