Member Info for LithBoy

BorderBob, I have to disagree with this one. Transport expenses for mining material is a massive overhead which can really dent the profitability of a mine. GGP could be facing issues with this over in the world of gold! Stellantis the owners of the Vauxhall car manufacturers in the UK are talking about leaving the UK to be closer to where the Lithuim might come from to cut costs in that area. So, it is an issue miners face. BHL being close to the giga factories will certainly be a factor that is positive for them. Oh and they are not just transporting 15kg, we are talking about 1000s if not 100s of 1000s if not 1,000,0000s of batteries for EV cars being produced. Factor that in and it is a major cost, so BHL looks like a good investment from all the other research I've done. Each to their own though!

Same here, I messaged Google via the feedback button at the bottom of Chrome.

I got in just before the second coup. Very happy with my 0.26 average holding and where we are going. I'll be holding on until we are in full production. Patience pays on the LSE!

Daz enjoy your travels and wouldn't it be funny if the day you got back the funding confirmation RNS dropped! We might then think you are a Kodal insider!!!

Glad to hear there will be no churn, I was just going on my experience with other shares. I'd be very happy with a lift on the news of confirmation on the funding and then another nice lift on the first drawdown of the cash to get construction underway. The ideal in my opinion would be the first RNS released on April 4th or 5th, catch the last of the tax year investors then get a whole load more investment on April 6. That would be a happy Easter!!!

In my opinion, even if the RNS drops Monday with news the cash has all been agreed upon, it will likely take another 10 days to get to the account and the 0.5 shares to be placed. Then we'll have a period of churning through the $17 million worth of new shares while we wait for construction to begin. The SP I think will only really start to move on the first drawdown of cash from the $100 million that initiates that start. Realistically, that could be a good month or so away.

So, float away in the Philippines or where ever you are! A good time to do this!!! GLA

A healthy 0.25p

You are going to hate me, but I loaded up 6 days before the JV news via the sale of a couple of other holdings that weren't doing so well. Even taking account of my small loses in those holdings by KOD average is still 0.25p. Got lucky I guess! But yes loading up again certainly isn't a bad move at all; I'm out of spare cash though now and want to keep my other holdings in GGP, SAV and BHL. Good move though Daz423 and everyone else!

Wouldn't want to be out of this over the weekend - what??? I wouldn't want to be out of this over the next two years, what lunatic would sell anytime soon at all! This has mid market cap written all over it!!

Ha ha never mind as long as the SP goes upwards, happy days!!!

Questions I wanted clarity on now things have calmed a little on the board are:

1) Is the JV just for the DMS and the Li that can go through that only? In other words can KOD via it's profits on the JV develop the floatation plant and process Li KOD has the rights too on the current concessions and keep those profits?
2) Does the JV only account for the current Li resources and/or inferred? In other words if KOD find more on the other Bougouni concessions do they then have that 100%?

I wasn't keen either on the sale of Bougouni West but perhaps there's good reason for it. The gold mention surprised me more as I wasn't expecting it to play that big a role bit looks like there could be value in it.

Any clarity on my questions would be appreciated. Cheers

My biggest take away from the news is the fact KOD still own 100% of the land and Lithium that will need to go through the larger floatation plant. KOD can pay the £150 milliom to build this via the money raised from the joint venture DMS. Plus they have all the other Li prospects to price up. BA is playing this very well. In 5 years KOD could have a market cap well in excess of £2 billion. It's looking very good!!!

Massive news, and once construction starts after the first draw down of the finance that is when, I suspect we'll see the real jump in the SP. As for those lot, they probably did have shares and were just trying to get the price down. I'd rather sleep easy at night!

...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!