Member Info for LeeBruce

Are you suggesting Hainan got 51% simply for providing a loan? Wow, that would be a special move even by Kodal standards.

"Kodal's interests will be far more aligned with the government than Hainan potentially."

What does this even mean? So he's saying could be but dunno?

This is what so many gloss over, the good relationship Bernie mentions is at project level, the dispute is at corporate level where the financials are decided.

The relationship at Bougouni is at LMLB level, the arbitration is at kmuk level. Spot the difference?

They couldnt reach an inhouse agreement over such a trivial amount despite millions coming in, and Bernie says the relationship is good? hmmm okey dokey, whatever.

"No corporation tax will be payable for years. "

Corporation tax is paid on profit, are you saying there will be no profit here for years?

Equivalent average price of US$1,681.3 per tonne of concentrate.

Highlights:

· Final payment for the second shipment of spodumene concentrate to Hainan received and LMLB has been paid a total amount of US$27.6 million for the shipment following, inter alia, confirmation of grade, tonnage and moisture content.

· The second shipment delivered approximately 19,738 dry metric tonnes ("DMT") of spodumene concentrate and a calculated spodumene concentrate 6% Li2O ("SC6") equivalent average price of US$1,681.3 per tonne of concentrate.

· The third shipment of approximately 20,480 DMT of spodumene concentrate, which departed from the port of San Pedro, Côte d'Ivoire on 12 April, is currently in transit to Hainan. LMLB has received an interim payment of US$34.4 million dollars representing 95% of the estimated value of the cargo including adjustment for grade and shipping and insurance costs.

· The third shipment is expected to arrive in Hainan in July, triggering the calculation process for the final payment for the shipment.

· The Project continues to mine and process lithium mineralisation and is currently transporting spodumene concentrate to the port of San Pedro, Côte d'Ivoire, in preparation for the next shipment.

· Bougouni remains unaffected by recent security incidents and unrest in parts of Mali and operations are continuing as usual.

Bernard Aylward, CEO of Kodal Minerals, commented: ""Over the past couple of weeks, the safety and security of staff at Bougouni has been a priority, and the township of Bougouni has remained unaffected by recent security incidents. The Project team, mining contractors and support teams continue to be well supported by security services and local Government official,s and their safety remains the utmost priority. Operations at Bougouni have continued, with the site continuing to receive deliveries, including fuel and the necessary spare parts needed on site. Furthermore, the export of spodumene concentrate to the port of San Pedro remains unaffected and on schedule."

"The receipt of the final payment for the second shipment and the interim payment for the third shipment highlights the strengthening spodumene concentrate price and the growing demand from the lithium market. The operation has now received revenue of over approximately US$89 million from its first three shipments, and we expect shipments to continue at regular intervals targeting cargoes of up to 20,000 DMT."

You do realise Li prices havent been updated since 30 April coz markets are closed, they re-open on the 6th just to save you reposting the same figures again tomorrow.

Trying to control the narrative eh, spot the overexposed holders? Insecure or what? lol

Relinquished means given up/surrendered. This licence expired, kodal tried to get it renewed but it was denied. Kodal had no choice, it wasnt relinquished.

They applied to renew the licence but it got rejected, read the rns:

"The Company did request a further exceptional renewal of the Nielle Licence, however, this was not accepted."

So did holders pmsl

A good, balanced and neutral article:

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.independent.co.uk/news/mali-bamako-sahara-desert-sahel-algeria-b2969300.html&ved=2ahUKEwjUuc_DqJqUAxUVW0EAHZDUL-sQvOMEKAB6BAgWEAE&usg=AOvVaw2xR_32wpMkIsbFzxhZ5jDE

Financial Position and Market Signals

Kodal’s outlook remains constrained by weak financial fundamentals, including its pre-revenue status, ongoing losses, and negative free cash flow. Technical indicators also point to continued pressure, with the stock trading below key moving averages and showing a negative MACD trend. On the positive side, the company maintains a debt-free balance sheet, which offers some financial stability. However, valuation remains difficult to determine due to the absence of earnings and dividend support.

https://uk.advfn.com/market-news/article/15146/kodal-minerals-exits-nielle-gold-licence-as-strategy-centres-on-mali-lithium-operations

Need a big hoop.

If the BOD recommend a sale and holders vote against then the positions of the BOD are untenable. The company would be finished.

Here's a £5m golden handshake Mr CEO, just recommend the buyout, good lad. Welcome to Hainan.

And then do nothing with them until the licence expires or Aylward retires?

Who is this plonker? How could Hainan know the DCF until the updated MRE and S2 study are complete?