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Clueless.. “should”.. “if”.. sounds like a lot of if, buts and maybes to me, very risky indeed. Don’t come crying when it all goes t i t t s up. Kodal will have a very certain secure journey ahead of us. Fully committed joint venture, no debts, proven ground to expand, Gold.. remind me what do prem have other than the Micky mouse test plant?
All we need to know is once the funding completes we will no longer be a little old explorer/ prospecting company.. we will be a fully fledged junior mining company, de risked, no debts.. if the SP doesn't rise significantly I'll eat my hat... where will Prem be I wonder?
Roger I don't see why not, the SP was up to 0.88 when we was expecting funding completion (before extensions started)... once funds are completed we'd then be fully de-risked.. big potential for a lot of large institutional investors to jump on board and more pi's... I'm no expert so can't predict but surely we will break 1p-1.3p? then with more positive updates on the run up to production who knows where it could go?
Nobody really knows what stage they are at with the process, could be this week, 3weeks, 1 month, 2 months.. There might still be a lot more legal things to sort out..... or it could literally be waiting for one signature. The positive is, it is all heading in the right direction, both parties fully committed. Both parties are working on things in the background in preparation to hit the ground running upon completion.... the stars are aligning,...exciting times are coming!!
Good luck all.
at the end of the day everyone is fully aware of the risks involved and i'm sure everyone is big enough and grown up enough to know they are taking risks and be prepared to lose your investments.. (i say grown up a lot of you muppets are proving otherwise). we don't need regular updates highlighting risks every minute of every day like we don't know what they are already whether the risks be true or false. just stick to your own boards and that goes for the kod people doing the same over on prem.. its tedious reading all the bull**** on here, get a life and move on for god sake.
Apologies stand corrected, i was tying to find it late last night on RNS but failed so looked at the website assuming it was correct.
....even still 350km2 of land could still turn into a monster.
Bernard knows something to let 200km2 of land go so cheap (obviously it was with 15% royalties so not that cheap) but never the less why let that land go if he didn't already know he has something incredible hiding up his sleeve.
Https://kodalminerals.com/project/bougouni-lithium-project/overview-highlights/
according to the website, collectively Kodal have 800km2 of land holding in Mali, take away the 200km2 for Bougouni west which is being sold leaves 600km2?
i might be wrong but thats how i see it?
If the government want a bigger percentage so be it, im all for it. not going to be an issue. my guess is we finally start getting things moving again.
Johnny it doesn't matter if if we have less a share of the pie, the pie is currently a very small pie (still might i add worthy of a joint venture, somthing Prem seems to be lacking) ... wait till Kodal have drilled all of the 600km2 of land we have to prospect this so called "small slice of pie" will turn out to be an enormous monster.... a small piece of a multi-multi billion dollar company will do Kodal and the investors just fine.
all the best
I know we talk and compare to our neighbours Leo lithium but then I look at Atlantic lithium and see where they are. Obviously they aren’t in Mali and are in Ghana but currently only sitting on 35.6Mt of 1.25% lithium (with a lot more land (1334km2 which includes their CÔTE D'IVOIRE licence application pending) they have an incredible so and only on an m cap of 141m and sp of 23p (been a high of 60p 😮) .. just makes you wonder where the hell KOD could go with increasing the jorc just by double we would be sitting on more than Atlantic plus then the gold. KOD… fingers crossed KOD rockets like Atlantic has.. I’m excited to see how this pans out long term, this really could be incredible for all the long term holders!
What are your thoughts?
Good luck all