Member Info for LithBoy

We are at the final stages now heading to financing the mine for construction and into production. The next RNS is most likely to be the most critical one for investors so I just wanted to wish everyone GOOD LUCK on here.

It has been a journey and this board has offered valuable insights at times. None of us know which way this will now go, joint venture, take over and either way at what price. Time will tell now, good luck all!

I could do with a turn of luck! I don't want to tempt fate though so will say no more Lav! Come on Bernie spill the beans now, confirm what's going on in Shanghai and get this Lithium show on the road (quite literally get that Lithium out the ground and into EV batteries cruising along). GLA!

A JV pilot mine set to the right tonnage allowing Kodal to then go off and price up Bougouni West and all there other concessions - oh you tease Lav, you tease!!! That's like fantasy league LSE, our SP would roof it!!!

I reiterate "wouldn't want to be out of this over weekend!" as we are fast approaching the anything could happen at anytime phase!

I wouldn't be at all surprised if there has been significant conversation behind the scenes over the last six months with Suay Chin and Kanglongda all eluding to getting our KOD mine up and running. Stuff like this doesn't just happen by chance. Let's see some ink on dotted lines BA. Come on KOD!

Well, the late in the day RNS is hinting very much now at who's most likely to be involved and I for one am liking it a lot!!!

Lav/Daz agree on the buyout risk for sure. I was in BCN and that went to the wolfs at a way lower price than was fair. However, that was some time ago and the EV revolution is well underway now. The likelihood of complete collapse is of course there but I maybe being optimistic but I think it unlikely. The demand for Lithium is so high it's more the case of sifting through the offers. Let's not also forget BA's pay packet is tied up with
Getting the mining licence- done
Financing the construction of the mine
Production
His timing can be optimistic at times and he's a bit slower than we'd all perhaps like, but he is thorough, good to his word so far and in it with us on the SP. I'm hoping like most of us for a good JV then production but let's see. I appreciate everyone's point of view here.

Given the amount of lithium in the ground, and potential for finding more on the other concessions and the EV explosion climate we are in, I find it hard to believe there isn't something in the pipeline. Given also BA's language and the fact he has integrity from what I can make out this is pointing most likely to a JV. FFX have one next door so seems the most likely outcome. Let's see though, the ducks are lined up now and the next move is, I think we can all agree, a very significant one!

Tortoise and the hare springs to mind. KOD might be sleeping but with everything we have the KOD giant will stir all in good time!

Then there are our of 7 concessions to explore in a Lithium rich area of West Africa. The current market cap is tiny in comparison to the potential. Depending which source you look at we could be a top 15 Li producer. Chuck in Bouguni West plus anything else we can find on our other 7 concessions and we could easily in 5 years time find ourselves as a top 10 Li produces in the EV revolution. Our market cap then I can comfortably say won't be the sub £50mils. Surely then we'll be in the billion+ region!

£14 billion conservative then why 26p is a good question. Anyone know why?

Bring on the Tuesday take off!

Like your thinking. I won't be top slicing anything less than 2p. Mid May for the RNS we're all waiting for would be grand! Can't see this staying in 0.30s for much longer or in fact ever again! GLA

From what I can recall BA is adding in the lower grade Lithium with this coming feasibility study. Correct me if I'm wrong though but I thought that was one of the main aspects of it. I'm pretty sure he said not much will change with the Spod 6 but they'll be a significant increase in the resource with the Spod 5 added in. Only the RNS will tell.

Daz if your tortoise is correct I'd be happy for him to have an alias here: might talk more sense than Fart Jet and Dazidilliumyy!

I hope news does drop tomorrow morning in the form of a nice tasty RNS with a tasty new FS on our current site and some inferred information on Bougini West as to what might be there. Plus a JV as a cherry on top based on the SP at Li's current values. I do hope your tortoise is an indicator to this!!!

Time will tell AJ that's for sure. This is the worst stage IMO between getting the ducks lined up and financing. Let's hope BA gets it across the line. He's been so good so far so my confidence levels are still good in KOD. Just a bit of "long time between news nerves!" GlA

FFX our neighbours are flying with their Gangfen joint venture. They have more known Li but we potentially have more once all our concessions are explored. We do still gave enough to put us in the top 15 Li producers in the world. We are contracted to Sino Hydro, a branch of Power China, one of China's largest companies. We have an off take agreement in place with Sauy Chin. Yes many a junior miner collapses on Aim but we are at the dawn of a new era. Other Li juniors, Li Amercus Corps, BCN (got bought out -lowsey CEO), FFX, Iron Ridge have all been snapped up. Li is predicting to be in short supply for the foreseeable future. Is KOD a good investment right now. Do your own research.

Ivenoidea, in principle I agree comparing FFX to KOD is tricky. I had noticed FFX acquired the gold mine for £28 mil which doesn't say to me mega profits. Do correct me if I'm wrong. Their current Li reserve is around x5 ours. So without going through the calcs again a £250 - £500 mc is reasonable so 2p to 3p share if we avoid too much dilution.

However, the other factor I picked up on was Bouguni West that sits between our reserve and FFX. It's over twice the size of our current reserve and is highly likely to have Li on. Now if a major Li producer gets onboard as a JV they'll be wanting to know if Bougoni West is worth mining given we have an infrastructure share agreement with FFX. All speculation of course but in my opinion the value of Bouguni West might well be made clear in the next year or so, and if it is of value the plant capacities expanded to cope with it.

I just did an energy assessment today of a house, it has solar panels and a Li battery to store some of the energy collected. It's not just EVs that will need Li! It is looking like it will be in hot demand in the next 2-3 years and KOD to my mind looks like a very good investment to tap into this. GLA

Yes, let's leave the likes of Dazeliamy and Fart Jet behind us. They really were awful, ramp in the rises and then have a go in the down periods to try and get the SP lower. No appreciation for the fundermentals.

I do though appreciate the maths can baffling at times. It took me a while to get my head around it all. Fundermentally the market cap represents the value of the company at any point in time. The share is a fraction of the market cap. So the two are directly related. Our £45-£47 mil current market cap is tiny compared to our resource and potential. What we want to avoid is adding more shares into the market cap diluting (lowering) the value of each share. BA is a whirely fox though in my opinion, has his salary tied up in KOD's shares so will do all he can to avoid this in raising capital for the build phase of the project. Once we are built and making profit this can fund further exploration and plant expansion. KOD has so much potential which after doing the maths above I can really see now.

FFX are also beneficial to us politically. If they get going before us it will give investors confidence in mining in Mali. We really are on a win win hear if all our ducks continue to line up.
Good luck all!

I remember Dazadeliumy oh but he loved to dampen our spirits. 1bn market cap for 1p did he fail O-level maths or something? I'm guessing he is too old for GCSEs. Might even be getting concessions on his one bed by now! Oh well should have stuck with this little jewel KOD!