Member Info for onlyking

I miss the days of price monitoring extensions for upwards movement

Who the hell are they

This will fly once they are done

This should have a positive impact!

Luckily we are weeks away from being an explorer to a producer

Https://www.globenewswire.com/news-release/2024/09/17/2947116/0/en/Robex-Announces-Agreement-with-Mali-Government-for-Nampala-Gold-Mine.html

Https://www.mining.com/allied-gold-inks-decade-long-deal-with-mali-junta/

Https://www.mining.com/b2gold-mali-shake-hands-on-fekola-mine-including-expedited-permits-for-expansion/

The companies that have completed negotiations under the new mining code include Toronto-listed B2Gold, Allied Gold and Robex Resources, and London-listed lithium developer Kodal Minerals.

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https://www.ft.com/content/da63f749-1ebe-42f7-b43e-b832962d5c49

John Meyer, partner at corporate advisory firm SP Angel, said the new rules represented a “significant increase in the effective taxation of miners” operating in the country.

“A near worst-case scenario now appears to be evolving whereby companies are being required to hand over a further 15 per cent of their projects in Mali for very little in the way of compensation,” he said. “The situation will dissuade many companies from further investment in Mali, and we suspect all but the most essential exploration will stop.”

Https://www.ft.com/content/da63f749-1ebe-42f7-b43e-b832962d5c49

We have had a very good RNS on a Friday before that caught people out actually

How does it work

You have a floor price

Min they have to pay

What if prices rise rapidly? Do they still pay an agreed low price...

Bernard is confident and his geologists excited about the resource increase.

Double the resource and technically 0.32.becomes 0.64

Production and we can still go to 0.80 plus near term

I reckon Bernie will announce that there is no more Lithium to add to the resource. The deal is off

Chinese are taking their equipment back to China

Mali will dig the lithium out and mine it themselves

Or Hainan will just take Kodals 49% for nothing in return

Shares suspended for 2 years

I see the big block seller is still dumping shares

Very worrying

When this doubles to 60mt resource

We then own 30% of double what we have now

The MOU would nti happen if we were not going to mine in the next few months

What recent news would you like to highlight to investors attending?

26-Sep-24: Bougouni Lithium Project Update

25-Sep-24: Post-AGM Webcast and Q&A Session

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Execution risk relating to the development and startup of the Bougouni Lithium Project in Mali.

Gives us a penny Hainan and let us get out of here

Beancounting

I think the difference is that Kodal has not mined anything yet so will and is doing everything the way they want on the 2023 code.