The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
"Shall we all wait until the Zulu mine starts making commercial sales?".
At which point the shares will be twice the price and then some. I prefer to be on the ship before it sails.
The chances of it not departing now are very low, with the funding and the backing of Canmax.
Https://ukinvestormagazine.co.uk/kodal-minerals-shares-consolidate-after-final-results-released/
Buy at .44p now, not a bad increase on the day so far.
Loads of these "Unknown" trades showing on here. I used to be able to tell which way the trade was because the price aligned wit either other buys or other sells around the same time. Lately however, they've been smack in the middle of both prices. Very odd, unless these are how these issued shares are placed in the market?
"LOL's what a silly comment. WIth a proven DFS, mining licence, debt free and pending 100 million funding"
So just a patch of ground in a dodgy country and no mine then?
I also have shares in it and agree it's a good prospect for the future, but is way off producing and even by Prem's standards, at least a year behind, possibly two.
that's quite promising and the mill looks barely used. the motors are already in zimbabwe, in bulawayo, about 50 miles away.
that suggests they're not using the old rha motors, so maybe these are quicker or more powerful?
that looks very similar to the photos of a ball mill i've seen, so there can't be much in it other than the type of grounding ballast used in the drum.
surely this will be running within a couple of weeks, then it's just a case of commissioning?
unless some silly ****up occurs, this plant should easily be producing, even at a reduced level, way before the 3 months time, first shipment of 1,000t.
I'd say it's definitely undervalued at the current SP, considering the potential and how close it is now. Imagine KOD share price being higher with nothing to show for it other than a patch of ground, in a country in turmoil. I have a few KOD shares for now, but that is still a couple of years off IMO.
"I think Marula is a great company, going places.
Acker"
Me too. They've just placed shares too though, If I understand the latest RNS about the exercise of warrants over 4.5M new ordinary shares, at 4p.
Lot's of positive action coming from this lot though.
https://www.aquis.eu/stock-exchange/announcements/4246825
I see Marula mining has just bought some X Ray sorting machines to produce 1000T a month. Doesn't sound like they can refine it yet though. £1.7M for 2 machines, one to do 30T per hour and the other 120TPH.
I presume this is different to the UV sorter Prem has installed?
https://twitter.com/MarulaPlc/status/1698955630696882666
Acker,
Why don't you think production can start, even at the 1000T a month with the RHA mill in the next 4 months?
I reckon around 4 weeks from the actual mill being installed and commissioned.
The thickener machine would be the only thing I can think of which might get in the way.
Even the new ball mill is on target to be in SA by the end of November.
Come on Acker, it's getting embarrassing now. Your either rallying the troops behind GR one day or calling for his resignation and denying Prem can produce SC6 this year, if ever, the next day.
I used to value your input, but it's clearly just agenda drive fantasy of late.
Looks like Captain Flip-Flop is back to shorting again today.
Bought back in with my other half of Prem money this morning after making a little bit on a quick dabble into KOD before it plummeted again.
I now can't seem Prem getting cheaper than the 0.402 price to buy earlier.
Interesting stuff. That looks a fair bit of kit to install and can't be cheap.
I caught that the main advantage, as well as improving the quality of material entering the floatation circuit, was that it provided a buffer of material, meaning a constant flow at the correct rate, can be maintained to feed floatation, allowing for milling and sorting to be a bit more erratic and easier to stop and start.
I see a 50,000,000 trade was done just at close today. £200K+
Maybe the £4M worth of shares have not been admitted to AIM yet?
On or around 31st August, could mean still to be admitted to trading on the market yet?
If they're the .35p shares, someone just made £30K.
"Just why would GR be flying over to China....??"
This has been explained several times. For Chinese companies to allow their firms to invest £5M in foreign companies, the government must approve it. It helps if the CEO of the foreign company meets the Chinese govt rep to get it passed.
Also, Prem are going to be getting a profit share of the Lithium Hydroxide, so GR is being shown that side of Canmax's business.
Plus, the Chinese like to deal in face to face meetings, to gain trust.
El-Jelousboy. ",Prem is hanging on just its very disputable weather they survive beyond Nov l personally have my reservations"
What is it which makes you think Prem won't survive 2 months? Is it the £9M of revenue just created, the extra £5M which Canmax have invested, the additional £10M GR could create in share issues or that fact that you're one of the worst case of FUD spreaders on this forum?
What price do you need to short this share to? Maybe it's that it should soon and be producing a very valuable commodity and has a very involved offtake partner, that all the ducks are lining up and you can't get back in without making a loss, even at the current SP?
You're 1 more silly post away from being added to the green box KODers club.