Member Info for mercedesman

oh right, I didnt pay any attention to that, as far as im aware the only "condition's" are that KMUK is set up, and that the Chinese Gov authorise it.

Which they must have already had the nod on because otherwise whats the point in sending us $7m in 9 days time?

I think we get Chinese gov approval and funds within 2 weeks personally.

not me that said that, whats the deal with April?

With so much news "Tantalisingly" close (couldn't resist) you wouldnt want to be out of this over the weekend

$7M initial payment?
$100m funding approval?
Mali licence amendment submission?
Drilling program details?
Further II investment?

This weekend already feels long and it hasn't even started! (crying face emoji)

Great watching this battle between the 5m seller and the 5m buyer, been going on for hours now. mm’s walking it up nice and steady which is great too. I’d gladly take 3-5% a day for a few weeks now to hit the 0.6-0.8 region.

Might see 0.46 getting hammered by 1pm at this rate +9% 0.3925

Just in case anyones forgotton

We’re about to get $29m to expand the resource at Bougouni - thats a whole lot of drilling….

…..And $17m to drill our gold targets at the same time!!!

Going to be raining resources : p

Last orders under 0.4

0.375-0.39 +6.2%

RNS next week for sure

SP seems to be very stable today, i thought it was going 15% one way or the other to be honest. Looks like the sellers have dried up, hopefully we get a nice controlled rise now up to the 0.5’s

Ronnie im in bed watching Lex friedman/mr beast interview (not at desk) if i can il do some math later

Someone asked about Bougouni West earlier.

From RNS: “proposed sale of Bougouni West Project for a consideration of £2 million in cash”

Its not sold yet. If you think its that valuable then email Bernard and ask him to reconsider

Ronnie, costs will be higher, I’d expect 5x to initial production, say £250m mcap area, I posted my expectation yesterday on what full production looks like…

“Dilution adjust Mcap once in full production at 39% = Mcap $828m, or 4.7p.......Just for Bougouni

and before anyone says no chance, GGP went to $1.5bn with a 25% stake in a £3bn project, trust me, if Lithium prices remain strong, its happening!

Throw in a 5m oz gold resource at Neille this summer and things could get very spicy ; )”

quick summary for the newcomers...

New structure...
Kodal Minerals
14.8% bought at 0.5p, a 100% premium to previous sp (shares locked in for 12 months)
$17.75m received to further our 100% owned gold projects

Kodal subsiduary formed (KMUK) - 100% of Bougouni Project transferred to KMUK
$100m funding received ($7m within 10 days)
$65m to build plant within 12 months of funding received
$29.4m to expand resource (lots of drilling!)
$5.6m cash to Kodal by way of KMUK loan)
KMUK 51% owned by Hainan (shares locked in until production)
39% owned by Kodal
10% owned by Mali Gov (option to buy additional 10%)

Next 12 months
KODAL
- Comprehensive exploration programme on the Company's gold exploration assets in Mali and Cote d'Ivoire, a budget has been prepared to undertake a major exploration campaign on the high priority targets at the Company's Fatou, Nielle and Dabakala projects with the aim of defining significant new gold resources. (Huge!)

- The assessment of new exploration and development opportunities in West Africa (???new licences???).

KMUK
- Complete the construction of the lithium mine at Bougouni
- A programme of extensional and definition drilling is expected to be undertaken by KMUK within the vicinity of the DMS plant to increase the size of the resource.

Expected RNS’s
- Institutions take positions
- licence amendment approved for Bougouni
-$7m initial payment received within 10 days
- $100m funding transferred to KMUK
- Expansion drilling commences @ Bougouni
- New drilling commences @ Coate/Nielle gold prospects

In summary, we now own 39% of a fully funded Lithium mine, with a 12 month construction phase, a £2.5bn estimated resource value, and likely to grow as further infill drilling is conducted. And as if that wasnt good enough, we now have circa $17.75m + $5.8m to drill out 2 massive gold prospects that we own 100% , oh and its fully licenced and fully permitted.

Fill your f**king BOOTS!

0.37 to sell (over mid) gotta let it go mm’s

Buys outweighing sells 7 to 1 for the last 15 mins, if that continues its going to pop in spectacular fashion. Fingers crossed

Silly traders, up we go, see you later!

Sound advice Lancy

Have fun today everyone, and know that whatever we end on, this year is going to be amazing.

Correct on both counts TC101, two RNS’s that should push us higher in the coming weeks

Hey Daz dont forget that 440Mil is only based on 2k spod price : p

The opportunity here is mind bending
350mtpa @ 4k spod and we’ll be banking big £££

gotta go to work (sad face)

If i could ask one thing it would be that the LTH's here keep posting info the rest of the afternoon to remind everyone how huge this is going to be, The prev gold results would be a good start, cant wait to hit Nielle with multiple drills! Drown out the naysayers with facts ; )

Will catch up around 10pm when i finish

Close over 0.39 would suggest 0.46+ tomorrow

GLA

its likely terry and a few others have gone short @ 0.4, expect more trolls in the coming days

Hold fast, and wait for the Institutional buyers to come in and put Terry out of business Lol