Member Info for ontarget

"He has almost 100m KOD shares" That's around �200k worth so not to be sniffed at, many AIM CEOs hold far less. The price he paid doesn't seem relevant to me - he still benefits in the same way and loses in the same way as us if the shareprice goes up/down. I don't see how else BA's interests could be aligned to ours other than by holding shares? It's not like he pays himself a fortune each year either - his pay is relatively frugal. What could he do that would make his interests more aligned to ours in your eyes?

Finished with "Our exploration campaign is ongoing with drilling expected to recommence shortly following a Christmas break and the awarding of the bulk sampling contract to be finalised and activities shortly to commence. Additional assay for the drilling completed in December 2017 will be reported to the market as soon as they become available." Plenty of 'shortly's there so we should be hearing some news on these things very 'shortly'?

http://www.csaglobal.com/our-managers/ Assuming this is the same guy that has been appointed to our board, then its interesting he works for CSA Global. Could be useful when we start doing resource definitions.

I've no idea what "sounds like you no best thanks" means, but how about this for a summary: - Admin expenses only rose �30k year on year despite the increase in the companies activity and fortunes, and is very low compared to most of its peers - �300k Non-cash share based compensation item skewed reported loss - actual loss was similar to last year

Your conclusion about the 'burn rate' doubling is incorrect also. Shows why it's best to read the actual news rather than some half-baked probably auto-generated 'summary'.

No offence but I think there's far more interesting reads out there on KOD than that heart!

Can sell 10M at a premium to the bid. Buy order in the background or RNS incoming perhaps?

Joeman.... With low volumes indicating low supply of shares why would a share creep down on low volumes?

Managed to pick up a 1M at less than I paid before the official licence news.

Just puked up their 10m shares over 3 trades right into the laps of the waiting MM's.

Everything is being marked down today 5, 10% or more just because the DOW dropped 4% - this is the one true scam by the MM's that surprisingly nobody seems to complain about.

Very muted reaction to what appears to be very good news. What am I missing here?

Communication to shareholders could be improved to say the least - we shouldn't have to work out or guess what the plan is ourselves. How about a map showing drill hole locations for example, or a timeline? I wonder if there's an element of keeping our cards close to our chest, especially when surrounded by people eyeing up our licences. Now they're secure I wonder if communication will improve.

SorB they prioritized expansion of the known areas / finding new areas rather than the closer spaced infill drilling required to define a JORC in a certain area. So I don't think it was a case of not enough, more like we're still finding more and in new areas so lets see what we have before doing the JORC. This time they're doing infill drilling (see previous RNS) which can be used as the basis for a JORC.

As announced previously the off-take agreement will be finalised following a scoping study at Bougouni. I don't see how a scoping study can be produced that isn't based on pure guesswork without a resource definition (JORC), and therefore we're going to see a JORC first which can then be followed swiftly by the scoping study (in fact they may be done in parallel to some extent) and the finalised offtake agreement. Once that's in place debt financing is possible to develop from there i.e. a mining plant. In this context assuming this is the plan it makes sense to now why they would delay a JORC until yet more drilling had been done rather than go the usual incremental route. The bulk sample is to some extent a parallel activity the results of which will feed into the plan later after the offtake is finalised, i.e. the design of the mining plant. So this is how I'd foresee newflow pan out from here: - Assay results from drilling done at the end of last year (31 holes outstanding) - Drilling recommenced now we have the licence (approx another 5,000m to do) which should take around 6-8 weeks. - More assay results and Arretes declaration - Bulk sampling commencement - Confirmation that JORC or JORCs will now be commissioned based on the drilling done to date. Followed by scoping study, offtake, bulk sample progress and results etc. Regarding the shareprice, I see more of a snowball effect rather than an instant 'rerate' based on a particular piece of news. But having said that confirmation that the JORC is going ahead will clearly be catalystic.

Have a read of some KOD RNS releases mrcautious.

Great news :)

LOL expectations have clearly sunk to new lows with this stock. Which is great for buying at good prices, because that won't be the case forever.

Thanks, so a very slight improvement since open then.

Because the MM's only move their prices for certain amounts of volumes. There's been plenty of selling over the last 2 weeks as traders exit who entered on the previous RNS, therefore it takes a certain amount of buying to balance it up and then yet more move it up. Hence it's a good time to add if you want to get a good price prior to forthcoming newsflow, when no doubt it will go up.