Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Since Angs restarted the production of the salt gas field in August, the price of Angs share has started to rise, reaching a maximum of 2.72p. After Angs announced the RNS about fundraising yesterday, the price fell by 19%. It can be seen that the rise of Angs share price since August is not because the intrinsic value of angs drives the price up, but because the broker and MM of angus artificially boosted the stock price for angus fundraise of 7 million pounds. Now, angs has completed fundraising, and the broker and mm have also exited. Leave retail investors to continue the gambling game.
The SF-07 sidetrack became a gamble for retail investors. If the SF-07 sidetrack can produce satisfactory gas, then retail investors will win the bet, otherwise they will lose the gamble. Judging from Angs' Fundraise of approximately £7 million, Angs CEO has no confidence in SF-07sidetrack. Because, if the CEO is confident about the SF-07 sidetrack, why not raise funds after the SF-07 sidetrack is complete?
Mali's complex social problems, tense ethnic relations, constant conflicts, and people's hardships make it a breeding ground for terrorism. It is difficult to eradicate local terrorist forces by force alone. In August 2020, a military coup took place in Mali and a transitional government was formed. In May 2021, the situation in Mali was once again turbulent, and the military leader Goita became the president of the transitional government. France criticized the transitional government of Mali as illegitimate, and the transitional government of Mali accused France of colonial interference. In January this year, the transitional government of Mali formally asked the French ambassador to leave Mali, and relations between the two countries broke down completely. At present, the domestic situation in Mali is complicated, its security and stability are facing many challenges, and the prospect of peace is not happy?
RNS on December 16, "Kodal will progress the formulation of the Change Notification for submission to the Mali authorities in the coming weeks. It is anticipated that the Change Notification will be submitted for approval to the Direction Nationale de la Geologies et des Mines (DNGM) early in the new year.”
Assuming that the Change Notification was submitted to the Mali authorities at the end of January 2023, then the Mali authorities should approve the Change Notification 5–6 months later (reference: kodal’s mining license application was submitted in May 2021 To the Mali authorities. The Mali authorities did not issue mining licenses until November. It took 6 months.)
After receiving the approval of the Change Notification from the Mali authorities, kodal can formally finance the construction of the DMS plant.
After obtaining financing, it will take 12 months to build the DMS plant.
Therefore, If everything goes well, the production of DMS plant will not start until the second half of 2024 at the earliest.
During this process, we cannot predict what unexpected things will happen.
Mali's transitional government has suspended the issuance of exploration and mining licenses starting Nov. 28 in an effort to "better serve stakeholders in the industry". Meanwhile, Goita, the country's transitional president, signed a law last month announcing the establishment of a new state-owned mining company, Sorem SA, whose responsibilities include increasing government revenue by developing the country's mineral resources.
Does this mean that the transitional government of Mali is no longer interested in foreign companies investing in Mali's mineral resources and has a resistant attitude?
Does it mean that the transitional government of Mali will nationalize the development of the country's mineral resources?
I have to worry about changes in Kodal's investment environment.
December 16 RNS "We are also pleased to announce the appointment of Canaccord as the Company's joint broker"
This suggests that kodal will be raising working capital by means of a placing.
The placing will be carried out by the Company's joint broker.
The usual method of operation of the broker in charge of placing is to first suppress the stock price in order to collect a sufficient amount of low-priced stocks. Then, using the good news of the company,it push up the stock price and lured retail investors to follow suit to buy. At the same time, the broker took the opportunity to sell the stock to make a profit. Then, the broker suppresses the stock price to the placing price, and uses the profit to buy low-priced stocks to complete placing.
Therefore, placing is essentially the shareholders of the company paying for it, and it dilutes the company's total share capital.
According to this, kod share price may fall below 0.2p and may reach 0.15p. Then, after kod announced "the Change Notification for submission to the Mali authorities", it rose to 0.30p, and then fell to the placing price.
When you invest in Kod, the first thing you should consider is the political situation in Mali.
The political situation in Mali has been unstable for a long time, and coups have occurred many times in recent years. The activities of rebel and extremist groups in the northern part of the country have led to a serious security and humanitarian crisis.
The country is also one of the most dangerous countries for UN peacekeeping operations, with MINUSMA peacekeepers killed 247 since its deployment in 2013.
RNS "We are also pleased to announce the appointment of Canaccord as the Company's joint broker, enhancing our corporate coverage in partnership with our long-term broker SP Angel. We look forward to the contribution Canaccord can make as we progress with our financing solution for the development of the Bougouni lithium mine."
This suggests that kod will raise funds through placing.
Review the history of saltfleetby. A total of 8 wells (with several sidetracks) were drilled in the salt gas field. Natural gas production began in 1999, and all wellheads were closed in 2006 to stop production. After 6 years (2012), the production resumed, only B2 and A4 produced gas, and the production decreased year by year until it was closed in 2017. It can be seen from this that the gas production of the salt gas field is extremely limited. It is foreseeable that wells B2 and A4, which have resumed gas production, will soon be closed due to their non-commercial gas production. So, Angs is now eager to drill the sidetrack.
Mahidi,Please click on this link https://www.angusenergy.co.uk/wp-content/uploads/2019/06/Saltfleetby-Gas-Field-rev14.pdf,and carefully analyze the "saltfleetby gas production" diagram, and you will understand.
According to Saltfleetby's history, "In total 8 wells and several sidetracks have been drilled since production first commenced”. (https://www.angusenergy.co.uk/wp-content/uploads/2019/06/Saltfleetby-Gas-Field-rev14.pdf) However, several sidetracks did not increase gas production.