Member Info for NettlesTheCat

Apparently 'agreed' in November last year but not what IMM wanted in terms of full lifetime of license - maybe a bidding war, so a starting bid?

Apologies for double typing, just excited to hear if this is true?

... has anyone else heard of this silly rumour that IMM have a signed deal on the back burner?

Certainly not one to spread fake news, but from what I have heard, IMM have a good deal already (off sell and one subsequent license to sole entity for 10 years of their 25 year license) and are waiting for end of end of March to allow others to better it?

Anyone will the same news, say yes - if I don't hear a yes from you learned people, I'll consider to be somewhat untrue.

And you sir! 👍

Well said sir (SkintAi). 👍

To get things back on track (can't say I've read all the posts here but I'm guessing they were the usual personal insult posts?!?!), IMM have clearly said the best deal wasn't due for 2025 and they continue to get the best for 2026 (first quarter), therefore, I suggest a massive chill pill is taken, understand that nobody on the corporate side of investing is yet willing/able to buy and this is all retail buying that adjusts the SP at this moment in time.

IF you have been able to get in with the MCap being what it is prior to the announcement, then rest assured you're investment will become incredible in the coming months/years.

OR

IF you have been able to get in with the MCap being what it is prior to the announcement suggesting there is no deal, then you've probably lost your money.

Thats's AIM for you. Everything else is chaff/fodder.

Good luck all.,

"Kmuk is a single purpose vehicle Nettles."

I will say at this point BFD that none of what I say is my opinion - just worthy thought that needs to be acknowledged and debated - always good to hear all possibilities than continuing with a hopeful signal view, I know you agree.

Out off all this chaff, we may get to a clear understanding of what is not only possible, but probable

"Nettles I'm struggling to see the comparison between solg and Kod."

Purely BOD greed BFD. You are correct, the share was destined for a massive gain, but halted at 28p due to them accepted (pre shareholder approval that was already 49% given due to big shareholding), so it was a simple "cash and grab" from the BOD and major shareholders that left the retailers out to dry - I sold up with a nice profit at 27p as it is a given it will be sold at the 28p marker.

So that is the comparison - nothing to do with the actual business entities , but do the BOD of KOD accept a 0.35p deal to get out and get rich?

Always an issue with AIM. We'd love to think they are in for the long term gains, but I wouldn't hold it against Bernard if he simply said "I've done my work, I'm got my cash, I'm out".... Hainan would vote for the sale (as they hold within KOD PLC), KOD PLC would vote for it so it leaves a hope that ALL the rest would vote against... which won't happen.

Apologies for sounding negative, I'm certainly not - but I am one for issues to be put on the table so they can be instantly acknowledged or indeed dismissed.

"Hainan paid double the share price at the time (0.5 vs 0.25) with the initial investment. So no guarantee but it’s clear Bernie won’t be short changed…he’s a massive shareholder so will want to get a decent chunk if they do decide to buyout."

I'd like to agree - but let's not forget the $100m JV Hainan made within KMUK? I'd like to think KOD PLC suggest their own ventures away from Hainan at this stage - or at least another JV apart from Lithium? Or does the $100m benefit Hainan on ALL future mining (other than Lithium). What has KOD PLC got without the KMUK?

"If Hainan did buy out kmuk it would be for more than Kodals current market cap so pretty significant windfall even if there is then no obvious immediate future"

You'd like to think so but the current SOLG sale suggests otherwise (a share destined for much higher MCap that settled at 28p. Maybe this is why KOD PLC SP has been kept below true value?

Hell, I'm sounding like Joe now! 😂

Got to say JoeBloggs28, on this occasion, has point that shouldn't be in ignored.

Not saying for one second I agree with him, but the lack of continued exploration for that gold licence (et al) suggest KOD PLC are a one trip pony at the moment and they should be doing more than having all eggs in one basket. They are certainly open to what Joe suggests and that is a worry.

Gentleman's handshakes are one thing, but bing in bed with China is another.

Food of thought Joe - I don't instantly disagree with your thoughts on this.

Understood, so you see a buyout from Hainan of all KOD PLC shares in KMUK due to KOD PLC not being able to continue? That does make sense, to some degree, hence the hovering SP of 0.35-0.65 when we know it should be higher (reaching 0.84 pre mining and off take). Hainan keeping the SP low to get a good deal?

Just to be clear, is that you summation?

I can't argue with that but it does go against the progressive stance KOD PLC have on future mining (including gold).

So, if I have this correct, you are suggesting Hainan strangle KOD PLC to then have to release equity in KMUK to Hainan?

Hainan therefore have no interest in KOD PLC other than to kill them and own as much KMUK as they can?

Just so I'm clear - it's not a out of the ordinary, as you say, but is that your thoughts on this?

"Nope it means Kodal will need to sell equity in kmuk to raise funds if they are broke at plc level. It happened with Ganfeng and Leo."

With all due respect, that makes no sense - Hainan have a vested in KOD PLC so why would they allow a capital raise? It dilutes their own stock. Bizarre idea.

"Dont plc have £15m? Isnt that enough to sustain them until s2 is producing?"

Are you suggesting Hainan are holding them (KOD PLC) to a degree of just existing? You maybe correct, but it doesn't bode well for what Hainan require from this resource. Simple economics suggest Hainan have done all they can (holdings in KMUK and holdings in KOD PLC) to get to a good place quickly - to withhold funds from KOD PLC from KMUK makes no sense. In this case, every entity should be getting maximum funds from transitions along the way. Otherwise, Hainan are being vindictive - which would be very odd! 😀

"But a couple of the buys were well over 1% of market cap."

So whether those be high roller retail or corporate with no need for insurance, it's a green light either way (in my humble opinion).

Again, from what I know, I'd suggest it is retail. This share will of course boom once corporates are involved - as is always the case when corporate enter late in our opinion. Always happens and always a good thing for LTH.

""no reason to withhold funds", maybe you should check that. Stage 2 needs funding doesnt it? I thought that was what Bernie said? Maybe misheard him eh?"

I do agree with you Joe, on this occasion, however, KOD PLC need to exist in some shape or form (Hainan having a ventured interest). Therefore, it's in ALL holders interest to allow KOD PLC the funds due to them at some stage - and I'd suggest that me very soon.

The alternative is to let KOD PLC go bust - I know we disagree on everything, but you cannot suggest that is in the interest of Hainan? A continued revenue stream to KOD PLC over the next 3 years is obvious, how much that is will be up for debate.

"At what point do KMUK hand over money to KOD?"

As KMUK is held by two entities, there is no reason to withhold funds. Unlike other multi investor entities that will withhold funds and actually exhaust them within that company (bonuses for staff, more R&D etc) before transposing to shareholder holdings, I'd suggest the assets of current transitions will be shown on the KOD PLC balance sheet rather quickly. The fact Hainan hold a vested interest in KOD PLC, makes sense for it to be transposed quickly.

"Not entirely convinced of that nettles, some of the trades back end of January were far too big to be retail imo"

Fair point sir - I am simply suggesting what I know with corporate investment. Similar to RR back in the day when RR was 34p at RI status 2020 (remember?). Insurance for hedges to invest dictate it's an impossible investment, whether it's worthy or not, hence the retailers grabbing a bargain willing to risk.

If you are correct in the amounts that have been invested, I will politely suggest that would be a high roller retailer, or an entity not having to insure their punts.