Member Info for kezzd

@jasper007 it's completely blind speculation (or a deliberate attempt to ferment it) to try and boost the SP. It's not based on anything serious.

@Bfdinvestor from the look of that document, you've got a pension scheme, a professional mining investor, an American lithium company, and (as you mentioned) a state investment fund dedicated to investing in mineral producing stock. Those would look like II to me, or at least of a higher calibre than your run-of-the-mill retail investor.

KOD does not really not really have that same profile: https://kodalminerals.com/investors/shareholder-information/ or https://uk.marketscreener.com/quote/stock/KODAL-MINERALS-PLC-15311793/company-shareholders/

@Noddy58 would you be willing to share that original research?

@Bfdinvestor why are you making a judgement about what KOD 'should' be based on what other companies sold at?

@Mrian33 because this is not a perfect company in a perfect world. KOD has moved from a wholly speculative venture to early-stage product. It still has quite a lot of risks & concerns attached to it. Until there is regular production (and by that I mean a healthy track-record) with the metrics to back it up, we're not going to see significant growth in the SP.

The risks/question marks as I see them are the ongoing arbitration with Hainan, the success of efforts to deal with production during the Malian wet season, settlement on the third shipment and details of the fourth shipment, info on the JORC, a plan for stage 2, and finally the Malian security situation. I don't see how we'll see a significant improvement in the SP until those are covered.

As for the 'other company', I don't know which one you're referring to. And even if I did, I think you're engaging in flawed exercise if you're making a judgement of KOD's value based on what some (as of yet unnamed) company has sold for. You should assess KOD based on its own merits, not what has gone on in other companies.

I think the current sp is broadly reasonable given the headwinds and risks at this stage. However I don't think those risks are insurmountable, and I think we'll see a rise in the sp as time progresses.

I've been in KOD since 2017, so I must be off the scale on Patience :D

I've been in KOD since 2017, so while I would love a 1p+ purchase price, it would suprise me if I got it.

@MrM-007 so unsurprisingly, no RNS...

@MrM-007 why would you expect tomorrow is when the accounts will be published?

@elcobbledore I don't think it is significantly undervalued at this stage. We have to see the first set of results before we can make accurate judgements on that.

It seems @Badomen has now disappeared entirely...

@Badomen how are you determining their legal classification beyond what their website says and what their Annual Returns declare?

If a firm says that they have transitioned into Production as part of their business model, on what grounds are you disputing that?

@Badomen KOD says on their website that they're a 'producer, explorer and developer'. An in the most recent results, Aylward said explicitly: "The year to 31 March 2025 saw Kodal’s transition from explorer to producer of high quality spodumene concentrates and I look forward to reporting on commercial operations at Bougouni." (this can be read in the operational review section, page 12 of the results).

So I'm not sure where your assertions about what Kodal 'officially' is is coming from?

As for the revenue point, KOD is due to receive revenues once KMUK fulfils its financial obligations.

@Badomen But KOD does not define itself solely as an explorer. As I said to you earlier (and happy to provide the sources if need be), KOD explicitly markets itself as a 'producer, explorer and developer'. And given that it is now receiving revenues, it would change the business model.

I'm unsure how you can claim that KOD is solely an explorer given this info...

@Badomen I don't, no. But I don't think it's as simple as that, the end of KOD's stake in the business would surely constitute a divestment (and therefore a change in the business model).

@Badomen KOD explicitly markets itself as a 'producer, explorer and developer', and is now getting revenues from production. So I don't think you can argue that a sale would not effect the company business model.

@Bfdinvestor in a thread titled 'RE: Q2 ' on 14 Apr 2026 (in particular a post at 21:16) you do seem to value KOD based on a comparison to a number of other firms; one being ALL, and another being SML.

Is your position that would should value KOD against these companies should we not?

@elcobbledore but KOD doesn't get the entirety of those profits though...