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Guido, our spodumene price is floating - no agreement unless they negotiate one in the offtake agreement this year.
Unlikely.

Jkmeens, reducing share numbers would not matter, you remain with the same overall value.
If it was dilution that you meant, apart from Hainan buying 14% that is not going to happen, we are fully funded.
If you have been following leo lithium, how often is their resource increased through drilling results?
Monthly, quarterly six monthly? Anyone know the timescale for each increment?
It may give us an Idea of what we might expect.

Tantalising, he will never stop hearing those words ringing in his ears.
We paused the Goldfields exactly around the time that the first maiden value was due. I would imagine that the last part would involve some cash and independent consultants to finish the job off.
If we were on track, we never got an RNS which stated differently, we must be in the region of 12 weeks max away from a valuation? It could be less?
Anyone else remember the timeline we were on?
If the value is over 45m, we are up 50% on that alone.

The share price is difficult to predict.
I am also not sure how many more drill results are required to add to the jorc and how much could be added on each set of results.
If it notched up in 5m tonne increments then the first set of results would increase the whole asset value by just under 25%.
There are some major quick succession factors which could increase our value.
Cash in over the following days-obviously, drill results, time announced until first maiden gold valuation all of which could arrive within the next 5 weeks.
We know our base line value, we don't actually know our current day value as the drill samples are in a lab and we don't have an exact date timeline status on our most mature Goldfield which was placed on pause last year while the lithium jv was sorted.

DrP, we are going into profit that is for sure.
But the old NPV based on 21 million tonnes I feel is going to be completely blown out of the water with Hainan's mega drilling budget, how far nobody knows, but Hainan seem confident, 20 million plus of drilling is massive.

Our old 440 million NPV could treble and more very quickly if they can get the drilling contractors for that budget onto our land quickly.

The money landing will be exciting but the drilling contractors and a timetable is the part I am waiting for.

Then a steady flow of lab reports.

They need those results fast as Hainan and Kodal want the second larger plant up and operational by 2027. So construction needs to be started fast behind the first plant.

Steve and the crew will handle construction no problem, he has done it so many times before in Africa and elsewhere.

Hainan are huge and have a large resource to draw from if required.

Ivenoidea, Bernard is talking about 10 years with the second plant, by then we are looking at 300,000 tonnes per year.
I am sure to some we appear rampy, but if they read the March 2023 presentation with both the DMS plant and flotation plant graphics and their location on site they will see what we are seeing.

Yes it is in reaction to Biden being an idiot.
Seems as if Biden likes to go around stoking fires.
He is pushing his nose into Ireland. Five generations ago there was Irish blood, he happily points to those as his ancestors and forgets quickly any ancestors on benefits in America or others from wherever they may have come from.

Damole, currently the share price and therefore mcap is well below asset value, because it is less than Hainan valued the lithium asset on its own, forget goldfields and West Bougouni.
So that is fact, posters who disagree have that discussion with Hainan mining.

In the last video Bernard was very clear that there is a lot more lithium in the ground than in our jorc. Hainan have provided 10s of millions of dollars to drill the land quickly, until we are at least three quarters the way through drilling the land estimating the value of our lithium asset is impossible.

We have 350km square. If all of the land was as good as Leo lithium's land, which would be unexpected, we could have over 420 million tonnes of lithium. On the mining licence land over 120 million tonnes.

To be honest I was happy with 49% of 21 million tonnes debt free.

The cash arrives within days.

Let us see what a steady stream of drill results bring us.

Mali, Hainan, Kodal and us look like we are going to do very well out of this.

Ragz, the RNS history and presentations from the Kodal website are the best source. The actual website itself is a jumbled history which was not updated so best left alone, 2017, 2019, 2021 etc but not the updated submission or even the JV for which we are awaiting payment this month.

Here is the last interview, proactive also have interviews.

https://www.brrmedia.co.uk/broadcasts/63f8a8e42bfade352039ef53/kodal-minerals-interview-with-bernard-aylward/#

PS, Remote Monitor Sytems RMS after Strat Aero and before NNN.
RMS history is all still on here.
Read the long history.

Trisor, that is peanuts.
There was no flotation money as it was an old company with a name change, it was flood defence, drones and airport software, nothing to do with nano technology.
Fund raising to get something off the ground is a big ask, normally seed money is from the flotation.

Trisor, they had nothing compared to a newly floated business, it is tough enough on AIM without limited capital.
This was a phoenix trying to rise from the ashes.

Newtothis, I agree with you.
This was simply a good company Strat Aero with a good foundation who employed an idiot CEO, at which point I got out, just before he bought an American company which did nothing that the CEO proclaimed it did and he virtually bankrupt the business.
It sold anything that was worth anything, changed its name to NNN and tried its best to come back from the brink.
It looks like they may struggle to achieve this.
Myself and others who previously invested in Strat Aero did warn investors who appeared to think this was a new company.
A hard lesson in due diligence before investing.
When a company changes its name on AIM all the old history is under the old name.
Here it was Strat Aero.
A new company has the flotation capital to play with, this one did not.

Good summary Daz

https://www.brrmedia.co.uk/broadcasts/63f8a8e42bfade352039ef53/kodal-minerals-interview-with-bernard-aylward/#

Latest video.

Listening to this Bernard emphasises how large they are expecting this lithium resource to be.

While he is bullish, in his words on the Goldfields he gives the impression that the lithium is going to be larger.

For our share of lithium to outshine two or three bullish Goldfields of which we own 100% and require no finance, their expectations of additional lithium on the ground must be very high.

Nicky everyone is looking for easy methodology but in start ups I think these rarely work.
Past CEO success or showmanship throw out some crazy behaviour.
Where real hard work research and knowledge is required many are lazy and companies like these regularly go under the radar until near the end.
Those types of scenarios make a mockery of the graphs.
Although the inflexion points raised do have some merit.
It just takes an outside event to occur at a major inflexion point and the usual does not occur.
No easy win.
Always if you can calculate a sensible pre tax profit from proven resources a company has, literal resource in mining, manufacturing equipment in a manufacturing company and then multiply that back to value and the mcap is not crazily out of line at the current stage then everything should be ok.

Hadrian your logic is primary school stuff.
The share price was at 0.4 therefore that price was correct.
Based on this...
What on earth are you on about.
The asset value is what matters, Hainan have valued it and are coming up with the cash to buy in before the end of the month, the RNS confirmed everything is on track.
Our SP on lithium alone is below the asset value.
Not ramping just abc mathematics.
Not some arrogant plonker writing fiction on stock boards.
Enjoy your weekend everyone see you next week.

Hadrian currently we own 100% of the asset, Hainan has valued it higher than you.
When the cash arrives 51% of the lithium asset has gone, but is replaced with hard cash.
Plus 23m into Kodal.
With nothing for any gold assets.
Your logic is incorrect, a long way out.

Painless I agreed with you. Also to retain. My replies are often rushed, sorry if it appeared to conflict.
Just not a good example comparison, that was all.
Once the cash is in, a portion of our market cap is underpinned with hard cash was the difference.
Then the jorc etc

Painless we are very much at the foothills, but because the 21m tonne asset has not had a further 10s of millions of drilling added to the total.
We could not be more different to your example. We have a 21 million tonne jorc standard resource.
Once the 100m is deposited in the following days we have 49% of it - 49m is effectively ours.
In Kodal itself we have 17.5 million to be deposited and a further 5.8m all expected in the following days.
That is money and an asset.
After that full production with a low overhead plant begins in 12-14 months.
A gold field is just weeks/months away from a maiden value, most likely this year
This is totally different to the other projects. This really is explorer to miner.