A case of sitting tight on this stock and watch the dynamics play out to EOY. Definitely another Peel Hunt time when liquidity comes back into play, so only timing as usual, once Mr Market Maker decides.
Ownership Stake: In exchange for this US$100 million, Hainan received a 51% majority stake in KMUK. Hence Hainan has ultimate control, Chinese at the wheel.
Nope if anything arbitration means a willingness to use a 3rd party to find a compromise going forward.
Ultimate refers to 51% business practices at play!
Kodal maintains its involvement and interest in Bougouni via its 49 per cent. shareholding in Kodal Mining UK Limited ("KMUK") in partnership with Hainan Mining Co. Ltd ("Hainan"), which as the 51 per cent. shareholder has ultimate control. KMUK holds a 65 per cent. shareholding of Les Mines de Lithium de Bougouni SA ("LMLB"), which owns the Project in partnership with the Mali Government, and KMUK provides the management oversight and operational control of mining activities at the Project.
Anyway now lithium back into a strong bull market. Hainan will be wanting to take on a stage 2 offtake agreement. Ultimately that gives leverage to Kodal!
No difference to spot, different company setups, same companies, Hainan Hainan, Kodal Kodal, Mali, Mali. Hainan corporate dealing with arbitration, Hainan management at Bougouni that's relationship strong.
The only thing holding the SP down is geopolitical events on the ground in Mali. However President Goita has consolidated power took over head of the defence ministry. By all accounts the 4 million residents approx in Bamako support the military junta 100%
Kodal Minerals is a cash cow, only way is up for SP
Nielle license in Côte d'Ivoire was denied renewal and relinquished. Bernard Aylward not wasting shareholders money on that gold tenament, bringing on a tier 1 lithium mine FFS. Bougouni the cash cow.
Clueless people. DYOR, crying about Nielle, unreal.