Member Info for mercedesman

I dont hate anyone, and im not the one who broke the "stick to your own boards" rule, we can discuss whatever and whoever we like here, especially when it comes to comparable companies, i never go on the PREM board and read comments about KOD and then clog up your board moaning, because frankly i dont give a hoot what y'all think, perhaps you should adopt the same approach and stay on your side of the fence.

They are now giving away more of their profits, and effectively taking on more loans by way of forward selling their produce. which part of that was factually incorrect?

They may as well have written "IF PREM FAIL TO DELIVER ONE MORE TIME ITS GAME OVER" in the header

JonnyPC seems as you have so much spare time to come to the KOD board and spread your godlike wisdom, could you tell me where the emoji is for a "nosedive" so i can write a post about a similar company that just lost 15% of its value in the past 20 minute's?

Ta

I think anyone still there is bats**t crazy, how many red flags before they see the gig is up, at best they are now looking at running a test plant for 1-2 years just to supply the agreed amount of "pre purchased" concentrate, and to pay down a massive loan, might make an actual profit in 3-4 years, the worst case doesnt bare thinking about, but i'd bet my shirt that if it all blows up they'll be saying "well we wern't to know, everything looked fine" jeeeez, why risk it when there are so many lower risk, higher reward plays out there, with much better management. I dont want to see anyone lose money, but by heck they are asking for it!

Oh dear, looks like PREM are losing control of the asset, restructuring the agreement and giving away 50% to Canmax now in order to stop them terminating the agreement completely.

DFS is projected to cost $8-10m, DFC are going to confirm their support in the next few weeks and will fund up to $5m, first instalment will be $1m, Bres will match and the DFS can get underway.

The DFC money does not need to be repaid until the mine is up and running (2025/26)

DMS plant operational = 5.4p, Floatation plant operational = 14.8p based on $5000/t spod

Add gold MRE 🚀

Add Lithium MRE doubling or more🚀🚀

Not much volume buy buys vs sells are 3v1

+2%

Incresed my PREM short by £12k this morning. Keep posting Jonjo 👍🏻💰

Key points from my discussion with Mike…

1) I asked if the 3 stages of test work results (100t/1.5t/OEM testing would be released one by one, or all at the end. Mike said they planned to release them as they come, which means the 100t sample results should be released soon.

2) re DFC funding, Mike said he was confident that it would be signed before the 30th June (this month) 💪🏻 he reiterated how unique and rare this opportunity was, and noted that Syrah resources was the only other graphite Co. to have received it.

Having an AAA rated partner is a game changer and that they want to project fund the full mine implementation cost ahead.

3) re market visibility, Mike said once DFC funding is signed off, they plan to run road shows in the US and UK to build support. This endorsement will attract a lot of interest.

4) re DFS, Mike said that there will be plenty of news flow throughout the project and all major milestones will be announced to market as they are achieved, these updates will “commence shortly”

So expect DFC announcement soon and then the ball should really start rolling.

So long as everyone holds and the sp begins to 🚀 BRES private investors (myself inc) can exercise warrants at 7.2p and 8p pumping in another £4m-£6m into the war chest, this will keep dilution to a minimum as we complete the DFS and secure project funding

Very excited about the upside potential here 💰

I just saw that RKequities downgraded PREM from “spodumene producer” back down to “emerging project”

After the games from the PREM trolls the past 2 days I laughed so hard I spat my tea out 😂😆😄

I think one worse place Jonny would be something like a pilot plant operation with no money, about to void its agreement 🤷🏻

Ive started shorting PREM, im going to add a £3000 position every time Jonjo posts

Aaaaaaaand GO!

😂😄😆 no words

I honestly dont mind, its like someone cross checking your research for free, they come up with these lists not to buy, and I can step back without emotion and tick them off…

- its going to take time ✅ yup, all good things do

- they’ll need more money ❌ total nonsense

- will need new investors ✅ yes, and the’ll be plenty

- the deal wont be done ❌ $7m deposit says otherwise

Etc etc, the more they throw, the more times I check my research notes, the more shares I end up buying 😄

Wrong, wrong, wrong again

New investors will come from…

- the deal being completed

- the prospect of drilling Bougouni and the MRE upgrading

- the prospect of drilling the gold assets

- the build up to production

- the institutions that are waiting for the sign off before entering

Ive used it before as a comparison, GGP gave away 70% of their project to Newcrest, and began expansion drilling, as it became evident the resource was worth £5-£10bn the Mcap went from £80m to £1.5bn in 18 months, it was a 4 year timeline to operational mine.

Kodal have 2 months to financing, only 12 months to mine, and have between 39-44% of the project. The DMS plant alone puts an sp of over 5p on KOD, and the floatation plant bumps that to over 14p, and thats only on 21Mt, we already know its going to be 50-100Mt based on already known step out drilling, as well as the fact we’ve only explored 3 of 9 veins. Oh and we have £500m of gold just waiting for a sprinkle of infill drilling before Jorc!

If this isn’t a £500m-£1bn company in the next 3 years il eat my iPhone 7, and wont even chew.

I will fondly look back on your futile attempts to spread FUD, as we progress down this path. 💰

Jonjo just give up, most of us are here from 2021, at 0.2-0.3p, we’re now up to 0.6-0.7p, and in another year it’ll be 1.5-2p, and the year after that 3-4p, NOBODY CARES if the funding is announced in 2 weeks, or 8 weeks time. We are INVESTORS, not DAY TRADERS 😂

Jonjo LLL took 4 months, if you were actually invested here you would know that 😐 and the clock started in April from Hainan sign off, so we would not be concerned until August 🤷🏻

If you cant wait a few months for the best deal AIM has ever seen, then this game aint for you sweetheart 😏

Smiler, same for me, I eanted 10m at 0.6 but it doesnt look like il be getting that 😐 too much support here, might even end up blue today

Its top up time! Probably for the last time too. 😎