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Dear me had a quick look to see if any genuine shareholders have picked up any news and it is a sea of stock bashers I have filtered out.
Now it appears that they have no shareholders to talk to, so they are talking to each other.
What a complete waste of life.
Everything looking good at Kodal, no bad news in, so we are ticking along nicely.
If we are lucky, get access to drilling rigs and the lab we should have our first concession valued. Hopefully the gold is even with no gaps throughout the area defined by the last drilling. I wonder what the estimate will be?
Three years and our lithium mine should have been up and running and debt free piling millions per year into Kodal.
Good times ahead and looking forward to a market capitalisation into 100s of millions as we are at chicken feed levels at the moment?
But what do I know compared to these green filter guys who have got every prediction wrong in the thousands of postings they put on this site.
They remind me of a couple of loons of another share who for 5 years said it will be mega any minute and it is sat today 50% below where it was then.

I don't think it is priced in
Think if this was only gold and no lithium.
If you put a figure of 2m on each field you have 16m, obviously the derisking fields carry more of that value.
That leaves 36m in lithium.
Where could you buy into a company which only needs a mining licence that cheap?
I think too much is going on and lithium and gold investors maybe do not sit alongside each other so well.

Anyone who worries about fluctuations up to 40% should not even consider AIM.
The only relevance this can have to anyone is a little bit of trading, either for a little cash or increasing your hand.
Fluctuations aren't even worthy of a comment let alone a discussion.

Onlyking - I would like to think so too.
This has a lot going on, on multiple fronts.
If I was to be critical of Kodal they should update each project monthly on their site and after each RNS.
People are getting muddled on concessions and what each action is trying to achieve.

Only king, I am the same. Based on the drop and assuming that the spread listed on here could have been achieved, we could have sold out and bought back in and gained 7 or 8% in our holding. Most times the spread increases and it is barely worth the trade. Timing the RNS is a big gamble. Other stages are easier to predict, however the multiple nature of this may keep this difficult to time. Normally I like to mess about a bit with part of my holding, breaks the boredom.

Like twins can barely tell them apart.

Good gains so far. More in my opinion to come.
I reckon the derampers are right. The gold samples were crap, so he just drilled a few more kilometres to be sure and confirmed that the new samples were as crap as the old ones.
He is sending a team back to drill a tonne more holes just to put into monetary terms how far off profitable it will be.
It is not like he has another 7 concessions to go at or anything.
Those bashers are on the ball.

There are many drilling results on more than one concession.
None of the latest drills were to pin point or evaluate the gold.
They were to define the outer edges hence the distances in kilometres and to verify the accuracy of some of the original drill samples.
You need to read all of the RNS from the start on each drilled concession.

https://m.miningweekly.com/article/kodals-bougouni-mining-licence-in-final-stage-of-review-2021-08-04

Yes Epic. He defined the edge of play and he drilled near previous samples and reported back that these were consistent. So to clarify the initial drill results were confirmed in these drill results. Which is what you want to hear. The earlier drill results did not provide enough blanks or low numbers to define the edge of the target but these later ones did. The area is very large. That is why they are positive because they provided the results needed confirmed the previous drill results and allows them to map the potential gold. Next lot of drilling puts an estimated value on the gold. This, I would assume will also dictate where we mine first.

Epic, plus remember they are trying to define the edge, not identifying the best section to mine.

I agree regarding results, but they started at 2m, which is very shallow. The depths and grammes quoted look good to me. But these are widely spaced and only mean things are progressing well. Not conclusive, but we all know this, as we understand which stage they are at.

Daz423 try not to get dragged in.
It could not be a better time to get into Lithium, we have a highly experienced man in Steve but an idiot could succeed at these prices.
It doesn't matter who gets involved with the gold as the prices are high and everyone is interested. We have 8 gold concessions and they are massive. 8.
We just need the gold results to keep coming in positive in relation to the depth the samples are taken and we are progressing fine, so far so good.
The Lithium mining licence is progressing and has been drafted as stated in the interview after the RNS. Waiting for sign off.
We do not know if they have special meetings for this or if there are regular meetings held, for example fortnightly for signing off.
All the companies associated with us before, minus Resolute are still in play, but we are no longer tied to their agreements.
Other companies have additionally shown interest.
We are a bit bored, but sitting pretty.

Wand I can't see details as whoever you are talking to is filtered.
They are dragging you back over old ground. We know Sino is still interested and we saw the photo as you highlighted. We also know that due to the delay we are not tied to any contract and others have shown interest. He has also said the delay will put us in a better position due to increased prices. He is just trying to clog the boards up with old information and arguments so interested shareholders lose interest and move on before researching fully.
Try not to get drawn in too much.
I reckon just at 1000 dollars per tonne we have increased profits by 448 million in the estimate.
We have lithium and 8 gold concessions going through a de risking process.
We are in a good place just covid testing our patience.

Dear me sea of green filters.

Looks like Resolute has been hit hard with covid, selling a mine and paying off debt.
I tell you the delay was good for us, we were at one of the lowest cost stages, the best time for trouble to hit.
We may all be sat waiting like plums, but Kodal has money in the bank and has continued to progress the gold concessions.
Which other miners are in a similar position to Resolute, been a tough couple of years for many companies with big overheads.

Yes Mark, he has caught my attention with it. If you picture a crater the deeper you go the wider it has to be or the sides fall in, that additional ground is costly. If the strip is long and shallow with gold from 2m there is very little overburden and very little extra along the rim, very profitable. I hope these samples continue. He said that they were widely spaced to define the edges so drilling in between will highlight consistency. So far he says all samples are consistent with previous samples which is reassuring.

I agree Mark it is difficult to compare. I am mainly focused on Lithium, the price rise of spodumene will put an extra £500m into the company or companies involved, on top of the estimate, so our share price and profit I am not concerned about.
But Bernie's experience in gold geology is looking very interesting. I believe our deepest sample is from 26m, 86 feet, other mines are working at 210 feet. From a profitability point of view that is of interest to me. Maybe you have never been in an open cast mine, the crater difference and amount of earth moved is vast between these two scenarios. More material does not equal more money when gold is not consistent at every level and you are moving earth to access your material or it is too low to afford processing.
I am looking forward to more data to firm up these current figures.
The areas he is drilling on are enormous, if it was relatively shallow the profits could be huge.

At the moment the strip is running into Kms.

Mark- my point is Kodal's gold drill samples are relatively shallow, meaning mining at a fraction of the cost. People below have pointed to other high numbers but high numbers at lower depths do not automatically equal more profit.
Nothing so deep!
Also trying to understand our grammes per tonne at depths shallower than the majority of concessions which are mining deeper for various reasons, or not virgin territory or chasing deeper veins.

For interest only the other gold rns today is already mining at 65m and their drilling sample results requires pit shell optimization.
Not simply an open pit on virgin ground.
Massive differences in cost from what appears on the face of it to be simple comparable drill results.