Member Info for Newby12

Great stuff, thanks for the insight Laverda

I am a bit perplexed by Leo Lithium's share price. Since the spinoff from Firefinch and transfer of rights for the Goulamina project to Leo in June 2022 it has traded side ways and has not made any gains whatsoever. This is despite being on track with building the plant. Is this unusual? I appreciate they are listed on the Aussie stock exchange, but I would expect the lithim tailwinds to be prevalent in every stock market

Thanks for your thoughts

I can only think of two reasons why this has rocketed today:
- Some shorts are bottling it and closing and/or
- Sentiment is changing, following more optimistic views about length/depth of recessions from FED last night and BOE this noon

By Monday we will know which of the two has weight more on the share price increase, because the short reduction will be declared.

I am so looking forward to the next 2-3 trading updates, where hopefully we will turn to +ve FCF and earnings with ever increasing profit margins!

This may well be the transition from a growth to a value company

All IMO and DYOR

Sure sure . . . yawn .....

Thanks Laverda, legend

Thanks Laverda

When you say, initially the plan was to monetise, you mean to develop, mine and sell the gold extracted? Why would they opt to sell now that we have the funds to develop the mine?

I honestly dont know, I am asking to learn. Thanks!

Great day for all KODAL holders here - well done!

Quick questions: apart from the $17.75mil that will go into KODAL PLC's accounts from Hainan acquiring KODAL PLC shares, we will also receive $5.66mil from KMUK right? as a repayment for all the work KODAL PLC has done so far for the Bougouni project right? Do we know at what point this will be deposited into KODAL PLC's accounts? before or after 30 April? I presume the $5.66mil will also go to gold exploration?

The extract from the 19.1 RNS:

'The Hainan Group will at the same time extend a US$5.66 million (£4.6 million) loan to KMUK (the "KMUK Loan").
· The proceeds from the KMUK Loan will be used by KMUK to partially repay to Kodal the loan from Kodal to KMUK representing capital invested by Kodal in the development of Bougouni to date.'

Goldman now have 3.28%, including through financial instruments

Hi Clapa,
I am asking because I am ignorant on this matter: does KODAL have to put out an RNS when they receive the 7mil in the escrow account? I am mindful that if it is not an AIM requirement, then this RNS may never come, even though the funds may have already been received. I keep checking for an RNS and I dont want to be disappointed! :)

Thanks

I am heavily invested in this, had bought some in the pandemic and have been averaging down (whenever I could) in the past (painful year). Average 17.5

Thinking where the share price can go from here, in my humble opinion, it all comes down to profit at the end of the day. I tried to work with the PE, but I think that gives too much of a conservative outcome. A conservative PE ratio in retail is probably 8-10; NEXT has almost 12. Assuming a PE of 10 for ASOS, for every £50mil pounds profit it turns annually, this would translate to £5 in the share price (around 100 million circulating shares). So if some of those 300mil trimmings turn into 100mil profit at the end of the year this would mean a SP of £10. For 200mil it would mean £20. But then again when they reported £190 million profit in the pandemic, the SP was >60!

I think £20 is realistic if they report 50-150million profit after the cost cutting has been fully implemented. Maybe by H1 2024

ShoreCap scaremongering about Black Friday sales for ASOS

https://www.proactiveinvestors.co.uk/companies/news/1000116/asos-cfo-departure-another-jump-off-a-sinking-ship-1000116.html

The November ASOS web traffic look quite robust to me

https://www.similarweb.com/website/asos.com/#traffic

Bring it on ASOS shorters

It was never under 7%. LSE was showing 6.66% because (for reasons I dont understand) it was not including Squarepoint's 0.5% short last week. Squarepoint increased to 0.52% and hence now included in sum and so went from 6.66% to 7.18%. In reality it went from 7.16% to 7.18%

This is still a buy for me at the levels. All in my opinion of course

GLA

I didnt realise that the S.Koreans and Samsung giant in particular were so keen on developing SMRs themselves. I havent come across this as a competition issue for RR.

Any thoughts or insight from anybody who might know more?

Thanks

https://asia.nikkei.com/Business/Energy/South-Korea-bets-big-on-small-reactors-in-return-to-nuclear

Hahahahaha

More bipolar posts. I enjoy reading your posts and your opininios that change with the wind.

This, and a few similar posts, are ageing well

If you dont understand trading, just stick to whatever you do for a living

JUST JOKING!

:)

I just sold my entire holding and hoping to buy in lower

And I just wanted to say that all this is just rough research from me, and not financial advice to anyone! Just to be clear!

:)

Good luck to all

With regards to the grades of LiO2 – again I looked at what the Goulamina initial FS showed and their updated values now
2018 indicated LiO2% was 1.48% and inferred 1.21%
In 2021 in their update, they say reserves at 1.51% LiO2 – so more close to indicated than inferred

Our indicated (1.13%) and inferred (1.08%) grades at Bougouni are lower – so perhaps we are more conservative and may be another pleasant surprise

Overall, when I looked at serial feasibility studies from Goulamina – the metrics gradually improved – I suspect this will be the case with Bougouni mine as well

A perfect, thanks Pineapple for bringing this to my attention

I looked at the RNS from January 2020 which you posted and it has the 1.94Mt concentrate quantity. It also shows the total estimated ore reserve at 16Mt, whereas the RNS that I posted from a later date from May 2020, shows the ore reserve estimation to have increased to 21.3Mt - so I think (I am hoping rather), that my calculations still stand somewhat

Any thoughts?

This is the Kodal RNS from 2020 talking about the 83% metallourgical recovery and 21.3Mt ore reserve

Ilyas, not sure where ghoti got his/her 1.94Mt value of the 2020 feasibility study

https://www.rns-pdf.londonstockexchange.com/rns/4554M_1-2020-5-11.pdf