Member Info for mercedesman

If we can get pat 0.295, then 0.36 is next

Ideally if it were a JV we would want a staged set up, for example…

-JV partner acquires 30% for putting up the £££ for the mine
-JV stake increases to 50% on completion of mine
- Jv stake increases to 60% on first production
-JV stake increases to 75% after spending further £20m on expansion drilling

Or something to that effect

Yes similar, a major will want a majority share for sure, but there’s an outside chance we get debt financing and keep it all, i dont mind either outcome so long as the project is financed to production and we can really get the wheels turning

Uranium miners spikes last year, and when china announced 50-100 nuclear power stations, that ship has already sailed. Lithium is very much the next frontier and still in the early stages of its move.

Regarding valuation, you only need to look at what we will be making when the mine is up and running to see where this can go.

My pessimistic guess, and it is that, is that we get a JV/funding and see 1-2p, after you have a few catalysts, if lithium goes higher, or the EV manufacturers start gobbling up producers, or China/USA/EU start securing producers for Net zero by 2035, or our other land comes up trumps, then we could go much higher.

But like others state, lets not get ahead of ourselves, lets get the deal done and see 0.6-2p, then take a deep breath and re-evaluate.

Got to be patient, but Bernard has delivered on every milestone so far, and thats a good enough track record for me to be ballz deep in this : )

Yeh Fosters....except now we have...

Environmental permit granted
Mining Licence Granted
Feasibility study completed

Last piece of the puzzle..... JV/Funding

and in the CEO's words "we are tantalisingly close"

Davri007 the LTH here all know you came in steam rolling your de-ramping, so dont kid yourself.

Some of us are honest about our positions, some are nasty little snakes. I think the smart people can decide who’s who

After some more brainstorming and calculation, i expect the bottom will be around 6.4p, never going to 4p, no way.

Im still “all-in on KOD until that 5x-10x and then will be back

Minnesota, California and Washington DC announce 100% EV adoption by 2035

Lithium is the next boom, get in now or regret missing the 20 bagger!!!

2.05 close

4.4m buy

When i proposed to my now wife in front of the great pyramids, a local offered me 10 camels for her, I did consider it just for a moment. True story : p

Nice 7.5m buy taking us up +2%

I would want either immediate buyout @ 1.5-2p, or a Jv on 50/50 70/30 terms fully funded to production (no debt) and see it go to 3-5p within 18 months

sellers done, 1.8p incoming

Looks like its about to go on a run again +22%

Did they get “lucKy” ??? I think they understood what was happening and placed their bet accordingly, funding was always going to be required, and the economy is in slow-mo collapse, they were savvy and saw the opportunity.

Now funding is sorted, but the economy is still collapsing and set to get far worse in 2023 thanks to the WEF 2030 agenda, they might even keep hammering it knowing that the markets in general could drop another 30-50% when the Euro and dollar collapse, mass unemployment, and food shortages take hold.

These are mad times we live in, and the shorts saw it coming imo.

If Tribeca are getting involved via the placing it would be sensible to assume that the additional $40m will also be a placing.

How many new shares is that in total?

By the sounds of it there will be a 2nd round of placings too, but in a not so great roundabout way this is a good thing, with a clear plan to secure all funding required now, GGP should put a base in between 7.5-8.5p and then start to climb slowly for 2023 as production gets closer. I cant see it going any lower unless the world implodes…….. eh it might.

GLA

No but it is about pointing out that ego’s on here got out of control, those ego’s cost people a lot of money.

Sometimes even if its not what you want to hear you should still listen.

Did i get jeer’d off the board for suggesting sub $100m offer for 5% - yes

Was I right - yes

Did i say i’d buy back in around 8p when finance was sorted - yes

And here we are

Lesson for the toxic trolls complete.

See you soon. GLA LTH’s (i still believe)

Lithium analysts predict demand to increase 40x over the next 8 years.

Errrrr, what does that do to Kodals value : p