Member Info for mercedesman

*fair value

with respect Riddols, no one cares about tomorrow's sp, could be 0.35, could be 0.65. the biggest challenge to investing is not trading on emotion, you sell when you think the shareprice reflects far value, if thats 0.4p for you so be it, most of us will wait for at least 4-5x that

Terry playing games, do not reply to his negative headings

Terry they are probably sell orders that were placed months ago for a "break even", people will get in from work tonight and realise they're out of the best opportunity of 2023, probably buy back in tomorrow lol

Bernard now quoting over 300mtpa as a permanent fixture (up from 230) and longer than 4yr mine life

I think our new partner wants to make this as big as possible, as fast as possible

New interview, sorry cant post link

great point Lav, thank you to you and Clapa for keeping the board orderly these past few months too.

this isnt a spike, we are still at pre mining licence prices!

2p might be a "spike" lol

0.6-1p is perfectly acceptable here right now

3 years, jeeeeez i wish i had your average lol! kudo's for sticking it out

I stand by my sensible 1.6p low, 3p high estimates based on current resource, but I do have "fairytale" figures should we hit big on the Gold prospects too

the 0.36 has been crushed, just the 0.39 left now, then its off to 0.46+

can we do it today? : )

yes yes, they bought 3bn shares (14.8% of KOD), and as part of the agreement they must hold them until production/12 months before they are allowed to sell any. this is very good, look at Lio Lithium who's major shareholder wants to dump 25% of all the shares in issue and tried to immediately but then were told they had to wait till june.

WANDGRABIT - there was about 30-40m in relentless "sells" (prob not sells) but either way sp was going UP, think someone is buying in big, look for after hrs prints today and tomorrow, bet there are some huge ones, we might have institutions piling in already

So I just spent a good 45mins-1hr reading and re reading the RNS just to make sure I didnt miss anything, and what can I say.....Wow!

Thought I would do a 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.

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!

off book "WHALE" alert

Devil666 - Fri 13th Jan 2023 - sp 0.24p :

"This company is going no where fast, I really pitty the bloke that bought 73m shares"

Me - Thur 19th Jan 2023 - sp 0.37p +54% :

" : p "

And therein the lesson learned

From a technical perspective the toughest resistance is here, 0.36-0.39, when that goes and all the 2022 break evener's are out the way this is going to explode. Looks to be all buys right now, Institutional investors circling might be the igniter to 0.5-0.6 area, then drop the Licence amendment approval RNS and we're off to 1p

Also shout out to Accionista on twitter who does some crazy deep research

Thank you, but this is just the beginning, dont sell cheap and regret it in 12 months, this is a lifechanger if you have the ballz to go the distance ; )

Dilution adjust Mcap once in full production at 39% = $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 ; )