Member Info for Joeman1

I recognise the need to douse ARs posts in a dose of reality, but really, you think the outcome will be a Kodal buy out at current Market Cap?

It's worth noting that one of the gold plays is being explored under agreement with an existing operator..... I cant recall what the arrangement is but at least it is progressing.

Both Jaguar and Audi have had to suspend production due to lack of components (batteries). I can't see low prices extending into mid 2021.... can you?

Annoyed he might be stealing your material? Lol

https://www.autonews.com/article/20171105/INDUSTRY_REDESIGNED/171109944/bob-lutz-kiss-the-good-times-goodbye

Good RNS. Could have done with a calendar of the follow on meetings. I mean, has this positive meeting brought forward our dates?

Remember how long it took to clear the sellers from the last share issue. I for one hope any funds are from another route.... at least until the permit arrives and concrete TOA signed

Placings with/without them participating will affect their current shares in any case. Would be interesting to know how they would view this over say a loan with defined interest. All goes back to the question of what their intentions are here.
I'm hoping we see some evidence of this soon.

Daz,
SC have invested millions here, they walked away from MLL following due diligence with very little cash lost.
That's why they wont just walk away from Kodal.... we only come back to whether they want the firesale for the company and put in place their own management team or assist us all limping over the line.
They have stated the later through their board representative (as has BA) .... in terms of saying they dont want to fully own the company..... but words can be cheap, so we will need to keep watching intently.

You made me look FJ...... excellent advice.

Top of the riser board after a subdued reaction to the first RNS.... who'd have thought it eh? Who the hell do we think we are?
I might have a pint tonight..... just the one...
GLA

Are you trying to goad someone Daz? 10% contingency is standard... to hold more is to waste your money.... ok 7% NPV discount is low... but standard range is 8 to 10% so below me over with a feather.... and lithium price.... carmakers are already tying down long term battery supply contracts, battery makers will shortly start to pass that down the line or they will be operating at risk.... most commentators are saying 2020 for price recovery.... and we wont be producing now for at least 6months into 2021. The recent Argentinian mine that published their FS (more complete than Kodals) used an even higher figure.

There are gaps in today's RNS but I think you are attacking the wrong metrics.

I'm happy with the numbers..... and happy with the selected sales price (if I wasnt why would I still be here).
What I'm disappointed in is that this feels like there is still work to be done to get us to the level of FS I was expecting. No statement of who is eventually signing this off when we were told it was being prepared by a recognised consultant in the sector.
Imo we deserved better than this. I hope there is more clarification very soon.

In fairness Daz, probably lodged on friday.... BA might be enjoying a small shandy to celebrate.
I'm going to dig into the details tonight, but from the info in the RNS it's looking good. >6 months behind the story we have had all year, but surely many will be happy with more realism in the schedule?
Now we need to see the work on financing.

I dont know if the problem is that he is too trusting AR...... when he thought a 3rd party was going to be late with the JORC he declared it as such.
I think he is dropping us info.... just enough to stop us starving...... maybe not lying ..... but not exactly truthful..... straight out the handbook for gold explorers.....
The things I'm sure about is that there is an FS, an MLA bought and paid for..... whether good or bad they will be coming soon......
I do prefer people that work to deadlines rather than just ploughing through them ..... let's hope its today..... my doctor keeps telling me my blood pressure is too high

No longer an attendee..... speculation if this is a good or a bad thing..... no need to drum up more PI support?..... too busy progressing a funded project?

I agree BiB..... if it's been in translation for a couple of weeks, why cant they issue the english version.....

That's an encouraging update Daz.

That's the money shot SorB..... just hope that this is the way things progress for us.

I think he means exactly what we all understand it to be..... a Chinese supply chain company that have stumped up millions for a 1/4 stake in Kodal to help us get to the stage we are at.
It's like an episode of Dragons Den....lol