Member Info for mercedesman

Mornin all, am at work this am so catch up at lunch. Let battle for 0.5 commence! : )

Blow me over DrPineapple, the rigs are already there. It just gets better and better!

Johnny, you say KOD’s sp is going to drift, we are about to start throwing drills into 3 different projects faster than a pro darts player, increasing the proven resource of our gold and lithium assets. Now i know PREM dont have any proven measurable resources, so you might not know how a companies sp behaves during a period like this, let me help you out, go check out GGP’s Jan20”-Dec20” they drilled for 12 months, no other meaningful news, their SP went from 2p to 37p, it went 18x just on expansion drilling.

Now KOD has $35m to drill its Bougouni site, and $17m to drill its 2 major gold assets. How many drills will be spinning at the same time? How many big strikes will we have? How many bags?

Drift…. My a**e!

Even when prem do produce they are at best 1 year away from paying off a $40m loan, and will then need to produce through the pilot plant for another 2 years to be able to afford any meaningful expansion. Its their dirty little secret, they are actually at best, 3 years away from anything slightly resembling “full production”

I’d bet my house that KOD vastly outperforms them over the next 12-36.

Mr008 please go and read your own JV agreement, you are the 3rd PREM holder thats openly shown they dont even know the details of their own JV contract, its embarrassing. Suzoh have rights to 100% of all mined resource until the loan is repaid, if PREM cannot get the 06 grade, or the quantity, or licence to mine you are up the creek without a paddle. You’ve come here to show us up and just proved to us all that we exactly where we should be, KOD offers a fraction of the risk, with an ample, guaranteed reward.

I like them apples! : p

Exactly Vatican, im sorry to those invested in both, this is just my opinion, and if you like taking big risks, fill your boots and good on you, but i just cant wrap my head around it, you have guaranteed success here within 12 months, or a wing and a prayer at PREM, is it just the “jam tomorrow” that people are chasing because PREM are “promising” sales in Mar/Apr.

Seems like they are winging it, and im not letting anyone like that near my nest egg

Oh yeh, and their ceo says “plan for first shipments before 31 March 2023 and a steady build up in production to circa 48,000 ton of SC6 per annum.”

Steady build up…. WTF does that mean? Start with 5000tpa? Maybe 15000tpa year 2???

If i were in OREM i’d be papping it with George roach’s history of massively over egging, and under delivering!

Well….. at the behest of the PREM boys I did what they suggested and lolked at the PREM deal, you know the JV they keep bleating on about “yeh yeh we get to keep 100% of it, we’re so clever”…….except what they fail to mention is the fact that JV terms stipulate they must pay the loan back first by providing the first 50,000t OF SPOD6 at a discounted rate to their partner, and if they dont average 4000t a month they are penalised, and if the first payment is not by 31st March they mist also pay interest.

Terrifyingly this throws a whole host of issues out there…

- they have no licence, what if there is a delay, how do they pay the interest when their partner demands the £3.7m deposit back (placing no doubt)

They have no resource, what if they cant refine spod 6 and only achieve 5.5%, is the deal off?!

What if they do produce spod 6 but only 500t a month, it would take them 8 years to pay the loan back, and this is just the pilot plant loan!

They’ve painted PREM as the stock of the century, with the best JV deal to boot, and all i can see is a bucket, and some very large holes!

Genuinely concerned

Im curious Mr008 (im not, but its fun to poke)

Hainan diluted KOD 14% or £7.4m roughly at the time it was £50m mcap, But also gave us £14.5m cash (directly increasing the company value by this amount).

What is the Net difference of -£7.4m and +£14.5m

il wait for you to ask your math teacher tomorrow for the answer and do let me know once you have it.

I hope everyone else by now has ordered their foam hands, I want you all to join in the wave as we pass PREM

: )

Lithboy, the JV is for anything and everything on that site

So we will share the DMS plant, both of us will be required to fund the floatation plant, and both with be drilling to expand the resource, which we both share at the current 51/39 rate

- Mali gov will end up getting 10% free
- Floatation plant will be funded with DMS plant profits
- Anything not on that patch of land is still KOD’s 100%

Not 100% but the vibe im getting across platforms (twitter/here/stocktwits/yt is that Monday's going to be a good day, lot of excitement brewing.

Ghoti, KMUK will hold Bougouni only, split 51/39/10

KOD still hold 100% rights to Bougouni west, the gold prospects, and anything else we have in the portfolio. Think of them as two different companies, and KOD own 39% of KMUK

Not sure on the london listing question, but the RNS stipulated Chinese sign off was required for the funding only, if the UK gov needed to sign off on anything im sure it would have been included. Someone plz correct me if they know better

We still have a 100% rise from £66m Mcap just to cover the cash balance/assets we are about to have on our books.

Finalisation of the deal and licence amendment should release this value.

0.8p would be a good base to work up from as we transition into construction of the plant this summer

And oooooh so much drilling to come!

Im laughing with my wife about the fact Mr008 is talking about risk.

Prem could literally run the pilot plant for a while and announce that the project is not economically viable. -80% pre market

Does that qualify as “risk” lol

SOLG went to 74p intraday, I remember, because i bought at 2.5p, and sold at 4p, a valuable lesson in holding on was learned that year.

Took that lesson and applied it to GGP, did 0.5p to 38p

took gains and went all in here, and so the adventure continues!

Good luck everyone, this is going to be a monster.

My guess for what its worth, we see 1p+ within 6 months easy, 2.5p+ by full production, and fairy tale 5-10p numbers come "IF" we stumble on a 3m+ oz gold deposit along the way. Imagine being able to fully develop that 100% owned with the proceeds of Bougouni.

A dream for now.........but every so often, some dreams come true ; )

Nettles why on earth Royal Royce? Speaking from a 6 year career with Daimler, the auto industry is dead and buried, what dont i know?

0.3925 +9%

Have a great weekend all

does anyone else think these 5m sells could be placing shares from back in may 22"?

OLD RNS...
"Details of the Placing

The Placing will result in the issue of 1,071,428,569 new ordinary shares of 0.03125p each in the capital of the Company, representing approximately 6.34 per cent. of the Company's issued ordinary share capital as enlarged by the Placing. The Placing Shares will be issued at a price of 0.280p each.

Application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that their admission to AIM will take place on or around 10 May 2022"

we have churned 4bn+ shares the past 2 days so if it is this should be nearly done with the 1bn placing shares, and we can bust through 0.4 next week right?

How much profit is the question, I know a guy who banked 150% once, sold the share @ 3p, great job right? It was trading at 38p 11 months later.

Dont let fear stop you from a 10x bagger, sell when it is at/near true value, not when you've made "X" amount

found it...

"The conditions include the approval in China from each of the National Development and Reform Commission (NDRC), the Ministry of Commerce (MOFCOM) and the State Administration of Foreign Exchange (SAFE). Completion of the Kodal Group Funding Transaction is also subject to the admission of shares issued pursuant to the Kodal Subscription to trading on the AIM market of the London Stock Exchange ("Admission") becoming effective."

So 3 Gov bodies need to ok it, we set up the share subscription, bobs your uncle, fannies your aunt, lets go mining! how is that going to take12 weeks, They want this bad, I say 2 max

Yes i know, my point is they are sending us $7m in 9 days, what are we going to do with it, we cant start the mine because we dont have Mali sign off, we cant do further drilling because the "Funding Agreement" has not been completed.

So the only logical conclusion is that they expect to have the funding agreement approved by the Chinese gov, and completed by both companies in the next few weeks. Otherwise the $7m just sits in KMUK account until further notice.

I think we get finalisation next week (imo)