Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
0777, can't see any on the horizon, Bernard gave a video update, everything on track.
Can't see the mining office seeing our licence transfer as urgent, we are building the mine and won't start mining until the year end, plus we can mine as we are. Leo Lithium are continuing too, but do seem as if they owe the government a lot of money - so that may be seen as important.
The mining office in Mali is focussed on this gold ore clamping down in the mining code update last year, so they will be focussed on gold not any other material.
Unless Bernard has been looking further at the gold offer submitted with the lithium offers I can't see any major news arriving in the following weeks.
But to be honest in our current situation no news is good news really after the last update. Look at some of the horror RNS messages the other lithium companies have received, mainly more borrowing another may be waiting for a life or death RNS this week or next.
Sleepy
1. The Kodal that many of us researched, and can still be seen on the outdated website, was hoping for a spod price of 680 dollars per tonne, with a tail wind that was predicted to increase this price a little each year. If it reached 800 dollars we would have been ecstatic. Good money can be achieved on these figures.
Newer investors have completely different lithium figures in their minds and understandably are disgruntled.
2 It is at least 10 months until production a long time for some investors.
3 Hainan operate in steel, lithium at 800 dollars per tonne would be high margin in comparison and they need lithium for their lithium plant. The money is in our subsidiary in the uk of which we own 49% it can't be taken away.
Leo Lithium through Firefinch has a legal battle regarding the Morila goldmine, it was supposed to be a clean break, but money was set to go back to shareholders which is the basis of potential liability. Ganfeng has nothing to do with the gold mine. Which is why any costs will be out of the Leo Lithium side. On top of that they did not complete the government's royalty (government's share of the mine) which is incredible and just to make things even worse, appeared to be going to sell thousands of tonnes of ore without changing their licence.
Moving it under the samples allowed on the same type as our licence. You can find all of this on the leo site and in interviews.
But apart from the leo interviews, presentation and RNS this is not fully in the open and there are ridiculous rumours everywhere.
4 more of your thoughts than a question
Rory, I know what you mean.
However if a million tonnes of production was lost due to mines no longer able to operate on those margins and closed.
But the market has only dropped 800,000 there is opportunity through demand for the lower cost production mines to fill that gap of 200,000. A mine is operating or not, it is not like retail selling of third party product. So it cannot exactly follow demand, it has small variability otherwise on or off. It is difficult to start up again too.
If low cost extraction mines keep expanding and filling demand the high extraction mines will never get back in.
Demand moved to high efficiency low cost production. For low cost production mines that is an increase in demand for their product.
The mine closures can't exactly follow supply needs and conversely if demand picks up it will be difficult to keep aligned.
Rory, what you mean is overall lithium demand does not increase in that scenario.
However demand for efficiently and low cost produced lithium will surge it has to, because it has to replace the high cost extraction lithium which can no longer be produced. That falls into our market.
I am not sure that you would describe the low sale of supercars because most can't afford them as constrained supply.
Kodal was the amalgamation of two companies, one with the name Kodal, Bernard covered it off in an interview which was more centred on him.
Kodal had some Norwegian interest, the Goldfields I believe are from Bernard's company.
Best go back and listen to the interview.
Suay Chin I believe chickened out of Bougouni and then the company settled into the current direction and, as far as I am aware dumped a few other projects on the way.
The history is all there if you are stuck for something to do.
Rorydino, it does if all of the higher extraction cost mines close down - they don't switch on like a light.
Supply would be behind demand - relatively demand is up for low cost producers in this scenario of which we are one.
SorryJW, if amongst the pages and pages of bashing and tripe you have written, that most of us skip over, you got something right, which most likely was just a downward share movement, not exactly a prophecy, then well done heres a gold ⭐
But really that is for your mum to do for you as this is an investor board.
Ps don't forget your packed lunch.
Hope, it is not for sure that it is, but looks like it, it is a high extraction cost source of lithium.
CATL have the contracts many of them with fixed prices, or capped and collared payments, if they are closing the higher cost existing lithium sources this will be a car crash for any new high extraction cost mining operation, current or in the pipeline.
Thankfully we are (very) low extraction cost as are Leo Lithium next door. We can still make big profits on the current lithium price and lower.
It will be interesting to see how this unfolds but ultimately it will lead to a surge in demand which may be difficult to fill.
If this is correct there will be more casualties.
Https://m.miningweekly.com/article/australian-lithium-stocks-rally-on-speculation-of-china-mine-closure-2024-02-19
If this continues there will be a surge in demand.
Cheers time, that means all are now on site?
Watch the results start piling in from those, I wonder if they have a better lab arrangement - could be where Hainan can help with their contacts.
Accion in regard to the NPV quoted that is correct as that NPV is on one seam. However the current drilling campaign is to find more feed best suited for the DMS according to Bernard, so we will have to see how he summarises at the next resource uplift. It may not necessarily remain on one seam.
Sharespy, elcobble - itch lol
Without unblocking the poster/posters I know from the replies it is the age old basher/troll postings.
In the share they promote, even with all in, buying more, buyout imminent etc posts, low and behold when their share price bombed, they top sliced, averaged down were on a free ride or whatever term they are using. Timing absolutely perfect. The fact their alleged free ride shares dropped in value is irrelevant - they don't term that as a drop in value or loss in their posts.
The fact top slicing or whatever they want to call it would show lack of conviction in their share is irrelevant.
The fact that their company looks finished is irrelevant.
The fact they say it is going to be amazing but don't say they are putting more in is irrelevant.
You investors in here on a share they are bashing on the other hand...
Between inflexion points the share value dips, but can't always be guaranteed, so the fact your gains have wained is much worse, that in their posts is a massive loss.
The fact that the company is successfully going from inflexion point to inflexion point raising cash and material assets is much worse than their share and is most definitely not a positive.
The fact no fund raising or dilution is required is irrelevant, dangers are lurking everywhere.
Yet they continue to post with conviction and genuinely believe that an investor somewhere may listen and say do you know what, they may have a point... Or I think we have found the next Einstein.
Different names, different shares same old rubbish.