Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
...this over the next two years. That's all I have to say. Thanks to all the long-term holders, we kept our golden tickets and will now be duly rewarded. I'm glad to be in with you and have appreciated all the sharing of knowledge and encouragement to hang in, even when the coop was in fall swing! Fartjet, Devil666, Dazed&Confused and the likes if you sold enjoy your pringles on the sofa and if you have no KoD shares then that's all you can enjoy!
Chaps, I've been sitting in Kodal for quite some time now. My average is 0.29p and I'm as loaded as I can risk to be. I'd too love an RNS Monday morning but I'd rather it be the right one. I'm happy to wait for BA to get this water tight and the best deal for us all. I feel though 2023 is going to be transformational for KOD. Good luck all and I wouldn't want to be out of this over the weekend - just in case!!!
Oh and even Mr Elon M. himself said there is enough Lithium in the ground but not nearly enough mines to supply the demand at present. Really Gem old boy (or girl) the demand for Lithium is not going to abate that much between now and 2030 even with all the current mines coming on line. Please do a bit of serious research before making statements. KOD is well positioned to take full advantage of the demand. Little ups and downs in SP today will be all but forgotten a year from now all going well. DYOR
Er Gemell, a month or so from DMS sign of with funding judging by the last RNS then 12 months to DMS plant producing actual Lithium from the ground. EV demand set to start really taking off come 2025, then a year after that KOD will potentially be in full production with a floatation plant and all it's other 7 concessions plus Bougouni West measured to resource stage. Sorry 2028, please get up to speed with the game Gem old chap or chappess!
Laverda, agreed completely. KOD has solid foundations which is why I'm in. The reality of the SP over the next year will be a volatile one, but post production, with the second plant underway and the resources on the other concessions properly measured ready for mining and we should see our SP in a much better position. GLA
Dazed, take a look at Atlantic Lithium, Leo Lithium and Liontown Resources. With current Lithium demand for EVs and all the investments going in to get the Li out the ground a market cap of 200 mil for KOD isn't unreasonable. It might be lower or higher which will depend on sentiment. But at least do some research before making a sweeping statement. Also, KOD are going to sure up the reserve size which could significantly add value before production gets into full swing. In truth we can't say, perhaps the MC will get to 100 mil only in 2023 or perhaps it will shoot past 200 mil. Neither are unreasonable statements. DYOR.
The pointless posts "to the moon" and other such one liners aren't helpful I agree, but I quite like the "I wouldn't want to be out of this over the weekend" line as it is something of a running joke on here. But to be fair to iLoveLi 0.45p in the coming weeks isn't at all unreasonable given on the last mining licence news that is we were; so seems quite reasonable. When the finance and DMS news does drop and we're then a junior miner a market cap in the region on £200 mil is in line with other similar Lithium plays. Take a bit off for Mali (let's all hope the Feb 24 elections go through for everyone's sake) and that would still put the SP around 1p. But the market will ultimately decide and expect the usual AIM traders causing volatility, either way I wouldn't want to be out of this over the bank holiday weekend especially not with the IIs going into full swing next week!
Agreed and let's not forgot BA and the others get their share options at around 0.30 to 0.32p if they get the finance over the line. So I doubt the finance package will be detrimental to the SP. They also have one portioned capped at 1p and the rest can fly to where ever! The Mali government, an experienced gold miner being the 4th biggest in the world, sound very much on board to. All I can say is let's get ready to start building a lithium mine!!!
The language is backed up here too. I read it as we'll make the final application for Change Notification and release the financial package details in the same RNS. Very confident, I wouldn't want to be out of this over the festive period! Sounds like KOD will deliver very early on in 2023 with one mother of an RNS!!!
"The Company is finalising the engineering and environmental work in connection with the DMS option to support discussions to secure the funding for the development of the Bougouni lithium project. This work will be incorporated in the formal notice to be submitted to the Mali Government for a variation of commencement of mining ("Change Notification") to be submitted in early 2023"
We'll all well aware of the political situation and it is more complex than first glance. Firstly, a lot of Marian's are in favour of the military take over to sort problems out. The turn out rate for elections pre-coop had fallen off the cliff. The parties standing were not trusted or popular. The view of many now is let the military government get on with it and we'll come to the election table again in 2024. As I said on the surface it is simple but dig dipper and it becomes less obvious. DYOR.
Laverda, check out this too https://www.investmali.com/en/projects/african-mining-school they are investing in their own future. As I good luck to them. It's always better when someone is empowered to sort their own problems out rather than relying on others. I'm happy to invest in Mali certainly!
Firstly our mine is in the South of Mali where there are 14 mines or so in operation, some by giant multinationals. There is a Lithium mine in development next door with millions being pumped in to develop it. Mining is one, if not the top, income source for the country. They have been taking 10% to 20% of the income so far. They've made a pause to new licences while they investigate how they can start to mine and sell other resources they have that are not yet tapped. They'll still need that current 10% to 20% coming in to develop thier own mining industry and fair game to them. KOD are safe as we are current. The troubles are in the North of the country and let's hope they can continue to raise the revenue to deal with it all. Mining is key to Mali and multinationals are well invested there. That gives me confidence.
Thanks Laverda, and it is no doubt in the Malian interest to develop mining resources alongside gold. Given the ongoing demand for Lithium I doubt very much it will be left in the ground long especially with the current price of this earth metal. From an outsider looking in, it is well within the government's interest to back Kodal and allow us to develop as quickly as we safely can! Good luck all!
This is slightly off topic but I don't feel any new technology, other than EVs and Hybrids, is going to dominate for quite a while. I got into Lithium investing because of Formula E and that has been going for a good number of years now. Formula 1 also uses hybrid. The car manufacturers use the various Formula Series to test new technology hence I could see EVs coming even before Tesla had really emerged. Formula Series are a good barometer in my opinion for what is to come in the motor industry and so far Lithium has dominated. As for the DMS, I think because it is an ammendment and not a full application KOD may well full outside the government's review, also if we applied before the date the review started the ammendment may be honoured. In truth we really don't know. Time will tell!
BCN had a pilot plant and long term it did not bowed well. At the time the Lithium price was far lower as there was a lot of low grade Li in the supply chain to get through. That's changed now, all the same though I'm not as confident in a pilot plant as in a DMS or full processing plant. Good luck all!