Member Info for Painless

Albatross

They did one for a flotation plant in 2020 and updated it in 2022. So it looks like it won’t take too long.

I’m pretty sure long lead stuff doesn’t need a full study before ordering. It’s their money. If Hainan are in agreement

As I say. I’m happy to be corrected. And even happier that that’s the case 🚀

Blog

KMUK will get most of the money from the capital pay back from LMLB maybe 150mill then from profits for the remainder.

Once stage 2 is up and running. They will get that expenditure back from the profit of stage 2.

After the next shipment they could start to order long lead equipment. So production of stage 2 could be as early as mid next year. That’s why the SP is rising now.

I also think Bernie is not releasing the uplift in what’s in the ground to stave off a tack over

Hi Compo

The new mining code give them 35% with the option to buy another 10%. But they won’t receive anything until KMUKLtd have got their capital back. Roughly 100mil put in by Hainan and 15mill to KMPlc plus interest. Also all other expenses for building the mine, all legal expenses and production costs that’s in $ buy the way

I’ll try and explain the corporate structure

Happy to be corrected.

There are three companies and a government who have an interest here. LMLB, KMUK, kodal minerals PLC (we all have shares in) and the Mali government

Hainan pay LMLB for the product. MG get 35% of the profit and 65% goes to KMUK Ltd.

That 65% is payed 51% to Hainan and 49% to KMUK PLC

That 49% is will be then paid in dividends to us (Hainan own 14.5% share as well)

The thing is that 100% of the money paid to LMLB will be paid to KMUK Ltd until all the capital expenditure has been paid back ( the money spent to develop the mine and all the loans)

Stage 2

This where I’m doing an assumption.

Either KMUK Ltd will be financing this with the 65% they received (Hainan will then be a partner) or KMUk will finance it out of their 49% of the 65% they receive.

For any idea of how good predictions are. Take a look at what the big banks were predicting about the gold price 6 months or a year ago.

If Spod keeps going up to maybe 3k. We’re talking many multiples of today

Hi Treestump

I’m trying to get the nhs to do a razum procedure. A friend had them do it and he’s going like he was at 14. I don’t know if it negates the use of a blue pill. As I don’t use it. But maybe I’ll tell them there’s a problem it get them to get it done

😂😂🚀🚀 I do like a rocket.

Saying that. The UT have balanced the book so far today.

I think the sellers will dry up and we’ll move up from here

I’m not saying it’s negative. I’m saying it’s amazing the sp is going up with so many sells. Of course people are taking profits.

What I am asking is does anyone have another theory on the difference between buys and sells. Who is buying all the sell and when the sells stop. Will the SP 🚀

And before someone says “for every sale, there’s a buy” those buys aren’t being recorded ATM as there’s such a discrepancy between them. The MM’s are there to balance the books and over yesterday and today this hasn’t been happening. Not even with uncrossed trades

Maybe the new broker has already bought in corporate investors. What else would explain the huge difference between the buy/sell yesterday and this morning. It looks like these sales are shares moving out of the PI or SC hands to corporate. How else is the SP rising. Does anyone else have another explanation. The MM’s have got to balance their books somehow

Just think the next invoice will send to Hainan will be nearly as big as our market cap. If it’s 30k tons

Sales should start to dry up soon. That’s when we’ll see 0.45 🤞

But the after time deals will bring it down. So tomorrow morning and on to Friday will be good to watch. GLA

And with the buy to sell ratio so large and the SP holding up so well. The new broker has hit the ground running

It’s not a new one. It’s an additional one.

Their job is to get corporate money to buy shares.

Me thinks someone wants to get in lower before the RNS comes out and this his x3 at least.

The spread did widen to encourage more sell but it’s coming down again now. MM’s trying to balance the books maybe

With the SP heading up. I’m feeling quite smug with my 2mil buy last week at .33.

Go KOD

SC still own over 8% so if it is them. They’ll have to report it.

Yep. That .33 keeps coming back. We just can’t seem to shake it off

But now with 30,000 tons in the next shipment, worth 60 million. I feel we’re on to build an SP this year that will reflect what we’ve got.

Maybe it’s best no news comes out until the next shipment is on its way.

We all know where this is going. UP. And it gives us a chance to load up or bring our averages down. If you’re under water.

I’m a long term holder, so the SP going up and then down doesn’t interest me. It’s only traders that want that. I’m looking at when stage 2 gets going