Member Info for LithBoy

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"

It's nothing new here and if it bothers you that much don't invest and go away. I've done my research I'm comfortable investing. Everyone is entitled to their own decisions.

Malian not Marian's- not sure who she is, pesky auto spell!!!

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.

Poor old PREM, wouldn't want to be in that over the weekend. KOD on the other hand, I definitely would not want to be out of this coming into the weekend!

I absolutely wouldn't want to be out of this over the weekend. I can smell news coming, Monday, Tuesday maybe. The liklihood of news dropping next week is high given past form of Kodal and Christmas week. GLA!

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!

Only... where is your source for this?

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!

No probs Wolf, I actually have in mind to play the 10% game but at the other end, once all going well KOD is in production. That's just my strategy, take a look at Liontown Resources and how very rapidly things can turn for the up with Li. I started in BCN originally in the low 20s and that shot to 67p on one RNS. Sadly the board there sold us all out but KOD I feel have a far different management attitude; they have their skins in the SP game with us. We all make our own choices though. Good luck all!

Also, Wolf no disrespect meant bur the long term hold here is a valid one. Traditionally precious metal commodities grew around 2% a year and explorers were at the mercy of the majors to get anything out the ground. Lithium has a growth of around 20% to 30% annually and the explorers who own the stuff can now be playing the majors off each other for the best deal. Lithium explorer shares can now move incredibly quickly. Basically I'm saying I wouldn't want to be out of this over the weekend. DYOR

The problem with sell and buy back can be that you miss the big jump that can well happen with AIM shares. KOD has all the hall marks of such a share, sell today for 10% and then there is every chance you'll miss a big jump with the right RNS. Take a look at Iron Ridge, if I remember correctly, when that did a sudden jump. Each to their own though, so don't critise us investors Mr Wolf who prefer the long game. All personal preference.

I was half expecting an RNS this morning but yep I agree KOD hasn't been a leaking ship (HZM has holes drilled through it left right and centre) so perhaps just a natural correction. I'm holding until at least Bougouni West is priced and we are well on our way to production! We could be seeing the last of the 0.2s now, hopefully!

I'm certainly grateful for everyone's feedback/input and I do enjoy a bit of maths so will be going over everything to double check I've made a good investment choice here. I believe I have and wish luck too all! If anyone wants advice on Kodal Minerals in the Lithium game I'm happy to share what I know. Thanks all!

*Mootly

Cool I just done the calculations around 2.9 million ounces of gold against the aus dollar and the uk pound and price of gold. All makes sense now. Perhaps the Motelt Fool should do the same. I'm comfortable with my investment to date and look forward to an interesting end of 2022 and 2023!