Kodal will be 1p+ 2025, best UK lithium stock to buy29 Oct 2024 00:02
Kodal minerals has been trading between 0.40s-0.45s, only severe delays or bad news risking a drop to 0.20s-0.30s. However, it will and should reach 1p+ by 2025. Why invest or hold long?
1) Hainan Mining, a subsidiary of Hong Kong-listed Fosun International ($12B in assets, $5B market cap), invested $100M in November 2023 into Kodal's Bougouni Lithium Project for a 51% stake.
2) This is big time players investing in an AIM market company which is full of companies with debt or constant raises diluting or making shareholders broke.
3) This investment fully funds Bougouni’s first phase with $65M. Hainan also holds a 14.7% stake in Kodal through a $17.75M investment. Chinese investors value returns and do not want to fail, thats why you should be investing in Kodal minerals.
4) Lithium demand is expected to push spodumene prices higher in 2025, potentially above $1,000, benefiting Kodal. Right now we are under $800 and even $800 would be great revenues incoming!
Bougouni's spodumene will supply Hainan's Lithium Hydroxide Plant in China, ensuring a profitable venture for both. This is why they invested in Kodal and again you should too.
You are not bullish enough! Fully funded, Construction is ahead of schedule, mining code details before end of 2024, with a possible buyout once production begins.
Analysts state Kodal reaching 1.45p, potentially 2p+ depending on spod price and revenues. Thats 4x-6x from todays price!
Strong buy!