Member Info for LithBoy

*production 2024/25? after the 2023 exploration results.

Thanks guys, I can see where the $1.2bn value came from too, £60mil is 5% of $1.2bln but then SD did offer to buy the 5% for $85mil. The other investors coming in at 9p also speaks that they'll want a significant return for their investments: they don't invest at that level expecting a loss. I know all the markets are down anyway but I'm happy to hold until production and hopefully the results in Nov 2023 from the recent exploration grant. I'll have a good read through also of the links sent and look forward to the FS even if it will be on the conservative side, they usually are! Cheers and anymore comments/insights would be appreciated.

The GGP website I don't find wonderfully clear on this. I invested because of the potential and overall target prices looked healthy. I just now want to verify what the fools at MF have stated. Many thanks if anyone in the know can help. Thanks

I usually do but how much worth of gold is known to be there at present. Also, if Newcrest own 70% of Hav via GGP then is that 70% separate from our Market Cap and share price. I'm invested here at 13.8p average, a holding of 120,000 share and I don't usually invest in gold (lithium is my thing) so would appreciate any help on the calcs here. I also appreciate the potential for expansion in the Hav deposit as well as further finds via their other concessions, hence I invested. Good comments would be appreciated. Thanks LB

I'm not a Hugh fan of the Mootly Fool, often I just think they are fools, however is this article correct in saying there is $1.2bn of gold there? I thought there was a lot more! Good feedback would be appreciated, thanks.

https://www.fool.co.uk/2022/10/26/if-id-invested-600-in-greatland-gold-shares-2-years-ago-heres-how-much-id-have-now/

Or another way to put is get us to 1p to earn your first payout share option, then the next chunk is based on how ever high you can get the Sp. If this is the case, I'm like this a lot. First target 1p then keep on going!!!

He has 170 mil share option total. 170 less 75 capped = 95 mil uncapped remaining. Is anyone else reading it this way?

I'm reading it that 75 mil shares ave 0.33p are capped at £750,000 or 1p per share but the remaining 95 mil shares are uncapped. So still a lot of incentive for the SP to sore!

Cheers too Paris and good luck!

A break is always good from these speculation boards, some very well informed speculation of course, but speculation all the same. Knowing this is important whatever kind of investor you are!

I'm not in Prem by the way, as I feel the Market Cap is too high for where they are with the project, but it is on my watch list.

Viva la Kodal!!!

Viva la Kodal as The Scientists might sing!

Haha, I'm not a big Run D-M-C fan but just being realistic about the budget. Would actually prefer the Rolling Stones... may we could get a Stones tribute band in and play Paint it KOD or Sympathy for Kodal?

Just to lighten things up and keep the budget realistic can I invite Run D-M-C?

I don't mind admitting I got it wrong. A new company to deal with the Li from Bougouni will need to be formed. Makes a lot of sense to from the Malian gov point of view: they get the profits from the Li mind avoiding the ups and downs of exploration.

Looking at FFX I found the documents detailing the share entitlement with LLL for the existing shareholders in FFX. So, as current KOD shareholders we'd automatically get shares in the new company formed if this all goes the same way, if I've understood this correctly.

KOD is of course different from FFX in that KOD has more unexplored concessions, so might go a very different way SP wise longterm. Very much appreciated people's knowledge on here, must do as I very rarely post on the weekends!!! Enjoy the rest of it!

Thanks for posting that, a very interesting and significant point indeed. I have to be honest I'm still not convinced KOD will go the same way as FFX as the layers of contracts and how a JV can be set up can get very complicated. I'm also aware the directors of KOD have their pay packets tied up with KOD's SP. A lot to consider but I will be doing more research into FFX and what happened there. Thanks again for the input and apologies to anyone I riled before I had the facts at hand.

Thanks, that is fair enough. How though does Future Minerals play into this though? It's also a reasonable question, as they are the local company holding all the licenses including the licence to mine. I hope you can see the ambiguity here. BA also states in his latest RNS that the new company will deal with the 10% to 20% cut for the Malian Gov. It also not unreasonable to stipulate that they may make changes to the subsidiary Future Minerals to only account for the Li at the main Bougouni site for a JV in order to deal with the Malian legal side of it all. Therefore we don't know for certain that KOD and it's SP will be damaged by this. It could just be a local legal mater that needs to be managed effectively. Just another angle on this question and of course all well worth bearing in mind.

OnlyK, my intentions were not to cause any ill-feeling, however, you made a statement that BA said he'd form another company to deal with the Li. Either yourself or someone else also stated this is the law in Mali. This lead to some thinking we might go the same way as FFX in terms of our SP. I hope you can see how this might be interpreted as de-ramping if it wasn't based on facts.

It is not at all unreasonable of me therefore to question the validity of these statements. I am unable to locate where, in the latest RNS, BA states this. I've been in KOD well over a year now, well invested and keep up to date with RNSs. I can not recall anywhere BA stating he is going to set up a new company to deal with the Li. So I'll rephrase my question: could you post a date to the RNS where this statement is made, also please indicate which paragraph it is in?

That will settle it I hope, thanks.

BA states a new company will be formed to allow the Malian government to get their 10% to 20% cut. It does not state anywhere in writing about forming a new company to deal with the Lithium. Perhaps you are misread or perhaps you are a deramper (there are plenty about) or perhaps I have missed some RNS deep in the depths of KOD? Otherwise it is look most likely to be a KOD JV with a major. Like GGP thet could just specify Bougouni within the agreement for a %. JVs can be tailored. Do of course do your own research!

Didn't intend to disheartened fpv, it is of course very complicated. I'm dubious about the statement someone else made that it is Malian law to demerger interests. I feel BA is canny enough to get KOD the best deal possible whichever way the cat is skinned! A very significant couple of months ahead for all of us. Good luck all!

Thanks for the clarity on the demerger scenario. KOD has it's subsidiary Future Minerals which holds all the Li in Mali. If a major is only interested in the Li then rather than demerger later wouldn't they just go Future Minerals? Speculation of course but let's not forget BA and the other directors have their pay packets tied up with KOD's SP. Whichever way they structure the deal they'll want KOD's SP to reflect it. All I know is I'm not selling until we know at least what Bougouni West holds!

Is that a fact KOD after a JV have to demerger? Excuse my ignorance but what is a demerger and why does it drop the SP so drastically? Will the SP in FFX recover come production though? Thanks