Member Info for Joeman1

James ..... sorry but before anyone else picks you up on it...... "the facts I have stated have been my opinion for years".
opinion...... facts..... ahhh but to have the wisdom of Soloman and be so generous with its distribution to the masses....
Im sure there will be a place in heaven for you my friend. Ive been told the lights in god's house run off lithium batteries.... thats not fact of course.. ... just opinion.

Agree with a lot of your points sxxswe .... apart from easiest way to shareholder value... For Kodal to sell Future Minerals for best value there would need to be a punt made on future value of the company..... This could be done right now.....or wait until production..... or wait until another 2 or 3 tenents have been developed..... price going up (or down) at each stage.

If SC buy a % of future minerals to fund the project via them, then great, but the proportion of the company they get for that will need to be negotiated and agreed .....
If SC try to fund through buying more shares to be issued in Kodal..... would be eye watering .....to get to 80% from new shares would require nearly 5 times dilution.....

SC currently have less than 28% of Kodal, Ive heard nothing to suggest that they want to fund the £60 - 70million through buying more of the company (up to 70% of...). That is only one route .... and would be detrimental to existing shareholders including the other board members ...
I certainly hope that is not the way it pans out and they cant raise this with their currently approved 50% share issue limit.

My hope is:
Standard loan for anything that can be used as security (plant, equipment etc). Could be agreed with SC or another lender.
Forward selling (at a discount) to pay for all other development works and infrastructure.
Remaining raises through share issues to cover operating costs until we are into production (and a little beyond if we 100% offtake forward sold) ...... and any other exploration/development work on our other concessions (hoping that this is limited at this stage).

That is my hope and seems sensible to me as it supports all parties in making money (a lot of money), while securing the resource for SC (which they will benefit from twice from their already significant stake in the company).

Wonder if we need to wait until the Feasibility study is issued, permit is applied for, or the permit is granted before this begins to be discussed.

Thanks Olly, ok so it was reiteration of the "funding is expected to be provided but nothing signed yet". Thank you for this feedback. Was anything suggested/were they pressed at all on delivery timescales for the Feasibility study?

Might not be a cash raise fastjet.... they might have just arranged to sell on the 300million that they held from the last raise.....
Anyway..... I'm not betting my house on it.... just speculating further.

To be fair, I dont think anyone was sucked in by the 2019 claims.......lol....
There is a significant portion of blame for the low shareprice on the current Lithium prices imo... and investors in any lithium stock must surely have done their own analysis of where they think that is going.... I know there are a proportion of lemmings out there but most of us are adults.

Cant blame them, it is after all their time put out for their investment..... although the best way to get lots of likes is to report on the agm and general responses to the QA sessions.

Or are there any other chatboards where someone is offering up their opinion on how it went?

it would be a shame if we didn't get some feedback from those at the event due to them being fed-up with this Chat board.

I think sxx is getting tired typing fingers after his excellent mediation of the crazy nosedive the comments took yesterday... fair play to you sxx.
It's clear he was talking about SCs £6million investment being obtained from individual capital raises along the way..... so I also think he meant 20billion share by now..... as a exaggeration of the impact that would have had. ...
2 days until agm.... and remember people.... its not the house of commons so you can be held libellous...... ask questions but avoid accusations that cannot be backed by fact.... we will get through this.....

Kum bah yaaaaa ma' lordee kum bah yaaaaa....

I dont think your integrity was questioned snt.
I think the position appeared to be that an explanation has been given to cover the detailed points you have raised.

You can still stand by all your research and hold your head up. You are after all protecting your own investment as well.... and nobody can tell you not to look after your own money.

As I said the last time you posted your research, this would be a doomsday scenario. If BA wont respond to your research directly then the board can be asked by the attendees at the agm under AOB.
Sorry to put the load onto others that are attending, but it seems to me that this needs to be aired and until BA is involved in a project that succeeds then this criticism is going to look indefensible..... at the very least it should be discussed.

On a plus note.... at least he is aware that he has an informed investor base. He gains more by delivering this project than just financial success..... he gains some defence against accusations associated with his past dealings.

Tiny volumes reported today..... only a few thousand pounds between bought and sold.... doesn't justify any drop really.... unless there is something the MMs arentvletting us see yet.

Nobody has a crystal ball to see what will replace or join Lithium when it comes to battery materials, but keep in mind that something appearing now has a minimum of 5 years to become fully commercialised. If it is a completely new material it has even more hurdles to jump in terms of it's own supply chain and manufacture.... nobody builds a mega factory to supply world demand on the back of a pilot scale trial.......
Lithium is a long way along that journey that really kicked off with consumer electronics..... and why wouldnt a new light battery material not follow that route first (eg...Samsung's graphene battery device being released for one of their devices in 2022).
That said....... there are so many battery applications kicking off at the same time there is probably room for a good number of different technologies to be supplying the overall demand..... and everyone make a lot of money.....

Doesnt explain the share price drop though..... 3 big sales went through very quickly..... all the same seller?

https://tradingeconomics.com/commodity/lithium
Lithium now up nearly 10% from its year low at the end of August.... starting to get more positive market feedback.....maybe its started its recovery....... hopefully.

Sxxswe .... no need to apologise for doing all the digging you have been doing. It's all good stuff, and personally would love to know every detail of the workings of any company I'm invested in.
I agree with your positive point here too. Personally I still think the application will be made by year end ..... eternal optimist even although they have slipped on so many before.

I was hoping for the FS before the agm.... but the wording used in the RNS described the engineering studies as well advanced..... gave me the impression that the FS would not be this month anymore.
Would love to be proved wrong on that one.

Glad you came back SorB..... distraction from what looks to be a bizarre discussion..... inject a bit of hope.

I certainly think they will sell those floating shares.... but maybe to Suay Chin for the full asking price they would still be below 30%.... but I do hope they put the brakes on the october drilling.
If the engineering studies and mining plan suggest a 8 to 10 year life on what they currently have at 1.5MTPa production, then we should stick with what we have for now and explore as much as you like once we are in production..... at 5 times the rate, funded out of profit.
If there is another reason for further exploring now, then they should make that reason clear.

https://twitter.com/DrRyanDLong/status/1173496060053835776?s=19
Unfortunate timing for these guys.... producing into the current spodumene glut. But they all continue to increase production, which may mean they are expecting things to change soon.... or maybe they are only managing to sell their better quality stock (the video and subsequent discussion doesnt consider this possibility).