Member Info for Momo2058

Joe Anonymous Bloggs (aka Chef or his fanboy!!)

You have all the sarcasm if a p155ing toad.

Re arrange the words in this well known English phrase - Off-F**K.

Reading your posts and Chef’s makes me think that Charles Darwin could have been wrong.

My best guess-estimate date for the first trucks to roll: Friday 17 – Monday 20 October 2025

How I get there

Export-permit box is ticked (4 Sep 2025) – trucks can legally leave the gate once the customs export declaration is stamped.

The only remaining stamp is the one from the Sikasso regional customs director.

That signature is being withheld until two pieces of paper reach his desk: -

Finance-ministry confirmation that the SMM-linked price formula is acceptable, and Presidential decree transferring the mining licence, gazetted in the Journal Officiel.

Both documents are with the Presidency; the decree was drafted 4 weeks ago and the ministry confirmations were sent last week.

Presidential decrees in Mali are normally signed in weekly batches on Wednesdays; the next batch is expected Wednesday 15 October.

Once the decree appears in the Journal Officiel (same day), the customs director can sign the export declaration Thursday 16 October.

The haulier has already positioned 40 trucks in Bougouni; loading one day after the stamp (bags are pre-stacked) gives the first convoy departing Friday 17 October.

If the decree is delayed by one week, the signature slips to Wednesday 22 October → trucks leave Thursday 23 October.

So, most probable first loading & departure window: 17 – 20 October 2025, with a one-week slip to 23 – 24 October if the Presidential sign-off is delayed.

I have topped up at today’s price(s) to reduce my average purchase price - I would like to thank the sellers and MM’s for holding the prices down - in a short time from now (2 -> 3 weeks) - you wll not be able to stop the share price from going north.

Chef (and all the other aliases you use - $£!t Brown (add in the ‘e’ if you want to), the anonymous JoeBloggs……..etc),

The amount of energy and time you put into posting your bitter drivel on a daily basis proves that you have little else in life - I can only think that “other people’s” accidents must have happened to you many many times.

Despite your scare stories about security and fuel shortages - here is a list of companies (by no means complete) that operate in Mali: -

1 – 6. Tier-1 gold producers / well-known seniors

1. Barrick Gold Corporation – Loulo-Gounkoto gold complex (production, on care-and-maintenance in 2024 but expected restart 2025)

2. B2Gold Corp. – Fekola gold mine (>600 koz/y)

3. AngloGold Ashanti – Sadiola (re-started 2024) & Yatela (past producer, still on care-and-maintenance)

4. Resolute Mining – Syama underground gold mine (Sikasso region)

5. IAMGOLD Corporation – Boto (Siribaya) development project & Diakha-Siribaya exploration

6. Allied Gold Corporation – Sadiola (operator since 2024, 80% UAE-backed)

7 – 12. Mid-tier / emerging gold & base-metal producers

Endeavour Mining plc – Tabakoto & Kalana (on care-and-maintenance but still licensed)

7. Asante Gold Corporation – Kouroussa (Guinea) but holds the large Kodieran gold project in southern Mali (DFS completed 2024)

8. African Gold Ltd (A1G-ASX) – Kobada gold project (construction decision Q1-2025)

9. Nioko Resources Corp. – N’tjila gold project (production licence granted 2024)

10. STARCORE International Mines – Tabakoto tailings retreatment (loaned assets from Endeavour)

11. Newmont Corporation – no operating mine, but holds >1 000 km² of green- and brown-field licences in the Yanfolila-Kalana belt (active exploration 2025)

13 – 17. Lithium / battery-metal companies

13. Lithium du Mali S.A. – Goulamina lithium (operating JV with Gangfeng Lithium)

14. Intermin (Mali) Ltd – Goulamina lithium (project operator on Mali side)

15. Ganfeng Lithium Co. Ltd – 50% owner/operator Goulamina (construction phase 2025)

14. Bharat Lithium Ltd (private, India) – Dankoussa and Bougouni lithium pegmatite licences (exploration 2025)

15. Carmeuse Trading & Services – large industrial group, holds the Kofi lithium & tantalum permits (active trenching 2025)

18 – 20. Other corporate miners (graphite, phosphate, aggregate)

18. Stratmin Graphite – natural-flake graphite mine, southern Mali (production re-started 2024)

19. IMERYS S.A. – active phosphate & bauxite research permits in the Birimian of western Mali (corporate French group)

20. ** Managem Group (Morocco)** – Tondéba gold & copper project (DFS underway 2025) and several base-metal reconnaissance permits

ETC.

Why would all these companies continue operating in Mali if the situation there was so scary - did the troubles in Northern Ireland shut down the whole of the UK? I am sure in your closed mind the whole

Hi ivenoidea - or more accurately “I Have No Idea” - you are living proof that a little knowledge is a dangerous thing - don’t stop learning - you will get your head around the whole alphabet one day - get your head around this -

Ownership structure at the Bougouni lithium mine (September 2025) is as follows: -

Project-level shareholding (who owns the mine itself)

1. Mali Government & local investors: 35 %

- 10 % carried, non-dilutable free-carried interest for the State

- 25 % purchased on commercial terms (≈ US $4.3 m)

- 5 % of that 25 % is reserved for Malian private investors, so the State ends up with ≈ 30 % directly plus oversight of the remaining 5 %

2. Kodal Mining UK Ltd (KMUK): 65 % (operating partner)

- KMUK-level shareholding (who owns the company that holds the 65 %)

- Hainan Mining Co (via Hong Kong Xinmao): 51 %

- Kodal Minerals Plc: 49 %

Putting the two layers together, the effective economic interests in Bougouni (by Stakeholder Group and Effective Stake) are approximately:

- State of Mali 35 %

- Hainan Mining 65 % × 51 % ≈ 33 %

- Kodal Minerals 65 % × 49 % ≈ 32 %

KMUK is set up as - Corporate form: Kodal Mining UK Limited, a private English company.

- Ownership: 51 % Hainan Mining / 49 % Kodal Minerals; Hainan is therefore the controlling shareholder .

- Funding: Hainan injected US $100 m for its 51 % stake and later provided a US $15 m short-term loan (10-month, 15 % p.a.) to cover Mali signature

bonuses and working-capital needs .

- Operating role: KMUK is the holder of the mining licence (through its wholly-owned Malian subsidiary Les Mines de Lithium de Bougouni SA) and is the

party that runs the mine, even though the Government now has a 35 % project-level interest .

DYOL - do your own learning!!

Found this on Google today: -

29 September – Hainan Mining up 4.34 %, turnover RMB 2.20 bn, turnover-velocity 1.34 %, market-cap RMB 168.25 bn.

What moved the stock: -

Hainan Free-Trade Port beneficiary: 15 % enterprise-tax rate since 2021; once the island “closes the customs line” the lithium-hydroxide plant will also enjoy duty-free imported feedstock.

Shilu Fe-Co-Cu mine: 10,879 t contained cobalt (4,851 t attributable); upper levels are iron-ore, lower levels cobalt-copper.

Gold exposure via 49 %–owned Kodal Minerals (Mali): three exploration licences covering >600 km²; Fatou block already shows 350 k oz JORC gold.

New African pipeline: Bougouni lithium (Mali) + planned zircon-titanium acquisition in Mozambique.

Oil & gas: completed takeover of Roc Oil to add hydrocarbons to the old iron-ore core.

LT Holders need to sit back and wait.

these are my best guesses for the ship date to chins: -

best guess for the first china-bound vessel to sail from abidjan - 7 –> 14 october 2025

how i get there: -

1. export permit signed 4 sept 2025 – trucks can now legally load.

2. kodal said fleet mobilisation started “imminently” - therefore allow 3-5 days to bag the first 1,500 t and get the convoy rolling - the transport contract was signed with a malian haulage contractor that operates the abidjan corridor.

3. 900 km haul to abidjan is 2½ – 3 days for each round trip - first trucks should have reach the port around 12-14 sept - this is only a guess - i have no pictorial evidence.

4. port formalities in abidjan (customs clearance, vessel nomination, hold survey, loading) typically take 7-10 working days for a new commodity.

5. spot handysize berth windows are open late-sept/early-oct; hainan will almost certainly lift on the first available ship rather than pay demurrage.

6. putting those steps together, the concentrate should cross the abidjan quay-line around 25-28 sept and sail no later than 5-7 oct.

7. add 18-20 days transit via cape of good hope (standard for handysize parcels to china) and the cargo should arrive in china 25-28 october 2025.

so, if you want “the day the ship leaves for china”, pencil in 7 october 2025 ± one week.

****-chef - it is annoying how much space has you and all the aliases you use on this bb - you are a sad example of a true narcissist.

Mr Bloggs - you must have got into the gene pool when the lifeguards weren’t looking - I don't owe you anything and I don’t have to explain anything to you.

You will find purpose in life by moving to a little village looking for an 1diot.

JoeBloggs - anonymous name - anonymous by nature and thought processes too - like you I have followed the fortunes of Kodal for a number of years - so I am well aware of the February 2025 milestone.

If you had read the rest of my post and tied a few predicates together - you too could have worked out that what I meant was “production that led to direct earnings that improved the Kodal Balance Sheet” - try to “think” without the “lisp” in your cranial processes.

Try growing up and move away from selective point scoring!

There are several tangible reasons to think why the Kodal Minerals share price can move higher: -

1. The catalyst will be first production from Bougouni lithium mine - production is about to start imminently - getting ore out of the ground and generating cash-flow would remove the single-biggest risk that keeps exploration-stage miners on low valuations.

2. Lithium price appears to have bottomed - Shanghai spot SC-6 concentrate has already risen ~10 % from its October-2024 low - broker Canaccord expects US-$1 000 /t in Q1-26 - if that trend holds it will flow straight into Kodal’s coffers and improve sentiment.

3. Analyst price targets imply 270 % upside - MarketBeat consensus refreshed 14 Sep 2025.

4. Balance-sheet leverage to lithium is high, but not distressed - the group is loss-making (EPS –5.45 p last quarter) - but it carries no debt - so once revenue starts to flow - almost every extra dollar of margin should drop through to EBITDA - giving the equity plenty of impetus to price improvements .

5. Timing – when could the move come? - potentially the “first concentrate” RNS - I have no idea when this will be - but it will be in the short / medium term. If production ramps and lithium prices stabilise above US-$900 /t, analysts expect the shares to close the 1.0 – 1.2 p valuation gap.

What has been achiever here is significant - going from “Exploration” to “Production” - sit back and watch.

Before you say anything “Chef” and that goes for your “doppelgänger” £h1t-Brown - and your invented alter-ego’s - I will repeat a phrase I have used before - Please do not confuse me with someone who gives a £h1t about what you think.

Whispers from Bamako

West-Africa mining desks (Bloomberg, Reuters) report that Mali’s Council of Ministers has placed the Bougouni export-permit file on the agenda for the 26 August 2025 session.

Sources caution: “Nothing is final until the decree is gazetted, but the file has advanced from technical review to political sign-off.”

Found this on Youtube - https://www.youtube.com/results?search_query=kodal+minerals&sp=EgQIAxAB

The second part of this video has information on the Kodal Project in Bougoni

Chef,

Having read the nonsense you contribute - its a pity people are not locked up for being stupid and spiteful - otherwise you would be locked up for life.

Reading your response backing up Ar$eionista - is like being analysed by 2 people who believed in Santa Claus a couple of years ago.

Your criticism of what I wrote is like being savaged by a dead sheep - quote attributed to Denis Healey - I like the quote.

If you like travel and $ex - I suggest you and Ar$eionista go and $cr£w yourselves in a corner in a dark room somewhere.

Accionista,

Don't confuse me with someone who gives a SH!£ about what you think! - you missing link between the animal and vegetable kingdoms.

I do my own research - that also includes using AI - it saves a lot of time - once you have matured to do some joined up thinking - your posts make sense.

Perhaps you reached the level of a child prodigy - in your late thirties - maybe you reached that level a bit later.

All,

The information in this link (http://www.hnmining.com/news_show.php?id=811) is quite revealing in terms of a ministerial visit as well as the news that was releaser in the RNS.

This project means a lot to Mali as well - the Bougouni Lithium Project is more than a mine - it is a strategic lever that can move Mali’s entire economic structure.

Five dimensions make it pivotal: -

1. Export-earnings diversification

Mali has historically depended on gold (≈ 75 % of mineral export value). The Bougouni project is expected to add ≈ US $160 million of annual lithium export revenue once in full production . With the Malian State holding a 35 % free-carried + local-investor stake under the 2023 mining code, roughly US $50-55 million per year will flow directly into the Treasury and the Local Development Fund .

2. Job creation & skills transfer

2 000+ direct jobs during construction/operations, plus an estimated 5 000-7 000 indirect jobs in transport, maintenance, food services, etc.

Mandatory local-content clauses (≥ 51 % of subcontracting must go to Malian firms) will nurture a domestic mining-services industry .

3. Infrastructure multiplier

The project’s US $22-25 million community-infrastructure envelope (roads, power lines, water systems) will lower logistics costs not only for mining but also for agriculture and trade in southern Mali . The paved haul road to the railhead at Kayes, for example, halves travel time to the Dakar port corridor.

4. Industrialisation catalyst

Long-term plans include an on-site lithium hydroxide or battery-grade carbonate plant, moving Mali up the value chain from raw spodumene concentrate (≈ 6 % Li₂O) to high-margin chemicals used in EV batteries . This aligns with Mali’s Vision 2030 goal of raising the manufacturing share of GDP from 5 % to 15 %.

5. Macro-stability & fiscal space

An extra US $50 million-plus in annual government take, at current lithium prices, equals roughly 1 % of GDP—enough to cover half of Mali’s annual health-care budget or retire a significant portion of domestic debt, providing fiscal room to invest in education and electrification.

In short, Bougouni is poised to reduce Mali’s dependence on gold, inject hard-currency earnings, and create backward–forward linkages that can turn a remote region into a new industrial hub.

The project means a lot to Mali and all LT holders here - we are about to go into the period when we hope to receive news about the export permit.

GLA

All,

We are reaching an interesting time for Kodal - in my humble opinion - as in the opinions of a number of people on this BB - as well soundings from the company - we should expect to get the export licence between mid August to early September.

Exciting times - awaiting good news - I have had a small top up today.

GLA to all long term holders.

Asllankukeli / Chef / Other whingers!!

Given what has been achieved from nothing -> site surveys - > drilling and prospecting -> Team building -> working with the Malian Government to meet the environmental and local compliance issues -> arranging the logistics of transportation and assembling the materials to build a production plant - > completing the build and testing -> becoming production ready -> completing production testing and building a mineral stock pile -> agreeing terms and conditions with multiple parties - getting to the point where a minister from the Malian Government has visited the site and given the whole project his blessing - all that remains is the inaugural ceremony and the final granting of the export permit.

Getting all that done in the timescales is quite an achievement by Bernard and the Team - HOW LONG DO YOU THING A SIMILAR VENTURE WOULD TAKE IN THIS COUNTRY - MY GUESS IS THAT IT WOULD TAKE FIVE TIMES AS LONG AND !) TEN TIMES THE SPEND!!! - your talk of being whiter than white and being wary of investing in Mali is complete and utter balderdash!!

We have all invested in this project (except for Chef) and are keen to achieve returns as quickly as possible - but what has been achieved in Mali is significant - and there is a FAIR AND LEGAL PROCESS THAT NEEDS TO BE FOLLOWED - Bernard AND TEAM HAVE DONE EXACTLY THAT - THEY HAVE ALSO TAKEN ALL THE STAKEHOLDERS WITH THEM - AND THAT IS THE RIGHT THING TO DO WITH RESPECT TO FAIRNESS AND FOR THE LONG TERM - we also have the prospect of a gold mine in the future - so cutting corners is akin to spiting ones face by cutting off ones nose!!

Gone are the days when Western Multinationals could go and rob African countries of their resources and ride roughshod over all locan and environmental concerns - a good example is how the French mining companies mined uranium in Burkina Faso and Niger - paying the local governments around $15 per kilo and then selling the same ore on the open market for several hundred dollars (~700+) - I can quote other examples with western gold mining companies - it is quite right that the African countries are kicking out the exploitative multinationals now and are asking for a fair cut of the earnings and tax for THEIR RESOURCES!!

I just find the whinging here by a few individuals a bit tedious - it always sounds like “other people’s accidents” happening to asllankukeli / Chef / Other whingers - go out - have a few beers - make some friends - see this investment to the end or pull out your savings and invest in something else.

It's one thing to question things and be skeptical - but to whine constantly or to damn with faint praise is irritating.

Do your own research - do not invest what you cannot afford to lose - having invested then hold your nerve or pull out your investment.

- your whining is not going to speed anything up.

I expect we will probably get the export licence around mid Aug / early Sep - GLA - Keep Well.

I took information from the Facebook link (see below) that ACCIONISTA posted (my apologies for attributing it to IvRoche) and got an AI module to translate the French text into English for me - I also asked the AI module to tell me bout the significance of the visit to the mine and got the answer I posted earlier.

https://www.facebook.com/100064632554088/posts/bgni-31-07-2025gouvernorat-de-la-région-de-bougouniactualités-régionalesle-minis/1137673475063727

IvRoche,

This is a good find - we are getting close to the export permit being granted - this is what the Minister’s visit signifies: -

The 31 July visit by Mali’s Minister of Mines, Professor Amadou Keita, was not a routine field tour; it was the final, high-level sign-off that precedes the granting of the export permit.

Technical-closing mission

The Minister confirmed on site that 42 000 t of spodumene concentrate are already bagged and ready for export and that the plant, power station, residue facility and haul roads have all met the state’s requirements. In Mali’s administrative sequence this is the last technical hurdle before the file is sent to the

Presidency for the export decree.

Political optics ahead of inauguration

Keita’s communiqué explicitly stated that only “quelques réglages” remain before the Head of State, General Assimi Goïta, will inaugurate the mine. A ministerial visit at this stage signals that the government is satisfied with fiscal terms, local-content commitments and the 35 % state equity agreed to earlier in the year . The visit therefore doubles as a dress-rehearsal for the presidential ceremony.

Market signalling

By bringing regional governors, mayors and traditional leaders on site, the ministry also demonstrated to local stakeholders—and to Bougouni’s Chinese off-taker Hainan Mining—that the project now has the full backing of the transitional government, clearing the way for banks to release remaining guarantees and for freight forwarders to book the first convoy to Abidjan.

In short, the visit was the final green-light step; the export licence itself is now expected within days or a few weeks rather than months.

We must be getting close to the export permit being granted - the Ministerial work for Kodal was completed in April 2025 - the Presidential Signature and inauguration work for a project the size of Kodal should take up to 12 weeks.

In my humble opinion - we should hear something either tomorrow of early next week.

Does anyone know when the June figures for Vortex will be published?