George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I hate to say it being a die hard kodal fan but there has been lots of hype in interviews and Bernie being forthcoming with projections and news but when all said and done the amount coming out that actually confirms progress ie on RNS is few and far between.
Hi Ron ..
Your Quite right currently hold 41k ... of which 23k up . Hope this clarify things not sure why it's such an issue but hey ho... 13k in isa and 28 in cipp .. bummer cant touch it to I'm 55 ..... 57 if boko gets his way
I'm as positive as it comes with kodal I'm up 27k and in in a great position, I agree I'm willing to wait however long but it would be nice is BA gave us a bit more detail he must know more than what hes saying .... if he thinks its imminent then why ... its archived on the Mali repository you cant even view the application from the looks of it the Mali government is dishing out lots of exploration permits but hardly any exploitation licenses.... think we all need to do a kodal prayer
Agreed FJ... it was wierd both mine and a friends were with read out one after another.... but he denied it had been archived saying " it just meant that there were no more actions required or meetings to attend re licence decision"
It would certainly be benifical to have an open Q and A I truly believe he is a straight shooter so shouldn't be a problem for him surely ???
I asked BA that exact question and it was read out in the Q and A following the Agm ... I asked that it had been archived and what did it mean? Watch the vid for his response basically said it hadn't and it was still cracking on.
Re mining mali site original application lodged 22.01.2020 is no longer on there probably expired was inthe name of goldfields sub.
For those that asked earlier if you go to licences tab and tap in future minerals ( another kodal sub) as a search you will find 3 all active for bougini and for lithium... from what I can gather they are for 1 and 2 which seem to be exploration?? If anyone else can correct me on this ?
Np if youncant find it let me know and I'll type out on here word for word what it says ... there is a payments page aswell and they dont appear on there so either hasn't been updated or haven't been asked to pay for it yet ?
Here you go app... you have to register 1st I dont think they update the site that often
https://mali.revenuedev.org/application
I'm sure some see Kodal as a one trick pony and to some degree it is. I've checked the Mali mining license site and the application is on there and just waiting for a rubber stamp although the grant vs application chart there is a big backlog due to the coup last yr ...
I guess some dont want there money tied up for long periods but my view is there are few stocks out there at present that can deliver such a potential long term huge return.
Does anyone know why there is such a big difference between the buy and sell price for URU seems to be similar across all platforms ??
Hi Only.
I'm in it for the long haul too, its life changing bux or bust for me. Have just under 30m shares some brought at 0.04 some at 0.08 so already sitting on a good profit.
IMO there isnt much the can screw the project the biggest being no licence grant, but it really isnt in the Mali Government's interest not to grant as they are almost bankrupt and they need the money taxes jobs and business. The other is they will get brought out but having suay Chen and sinohydro on board I would find it unlikely its basically china ensuring Lithium supply for the future.
When kodal brought bougini in 2016 the share price rose to its highest of 0.5 so who knows where it will land when the licence is granted there is so much hype and interest.
2 yrs for the mine to be built then they can start trading, 80% of the spod is already sold and off to China.
So a company who is a junior explorer with virtually no income could be mining in the next 2 yrs with an estimated 1billion per yr in revenue ... I need about 10p to stick my feet up for the rest of my days ... will it hit that no idea but I certainly hope so .... if you do nothing you get nothing?
I've given up trying to predict when the licence is going to arrive. When kodal brought the bougini project in 2016 the share price went up to 0.5 being in a better position with licence in hand and other gold projects 0.5 is reasonable I think