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Canmax back in advanced friendly talks, the plant needs a little fine tuning and a rod mill adding from RHA, the on site lab has proved a high grade spodumene concentrate and we plan to re-float concentrates previously produced into a saleable product in the coming weeks
Overall a good RNS we expected a little fine tuning etc but we’ve made a lot of good progress in both canmax situation and the lab showing high grade spod concentrate plus saleable product in coming weeks
Taken from an investor in the TG group and seen email evidence of the below that I’ve copied and pasted.
I asked him to explain what it is he’s testing as it’s not market sensitive as we know the plants running and this was the response, like I said before I expect an update on phase 1 next week🤞🏻
“Yes, the hydrosizer is installed and doing its job.
The sorters are running and currently being fine-tuned. This is a process that has to be done while the plant is running with fresh material and is iterative in nature, as one has to wait for samples to be analyzed before one can make the next incremental improvement step in the settings.
Kind regards,
Fabian”
- So the plant is definitely running as we knew it was
-Hydrosizer in and working
- Fine tuning the sorter to detect high grade ore
Https://www.reuters.com/markets/commodities/new-mali-mining-law-could-boost-state-local-interest-projects-35-2023-07-14/#:~:text=NAIROBI%2C%20July%2014%20(Reuters),new%20code%20seen%20by%20Reuters
Laberda - yes you’re probably correct but I will await official announcement to see what the mali gov introduce, market so far has reacted -8% but if your correct then it will bounce back, good luck both KOD and PREM we could do with it now, glad to see the bickering on both boards has ended.
Prem need update on phase 1 with canmax back to the table or a new offtaker
Kod need this funding to be finally signed after several delays
Both stocks IMO will come good, prem will rise a lot more than Kod as it’s closer to production, however Kod will follow that same rise once plant is complete :-)
Bonkers - the heading is correct, Mali give have halted Leo lithium shares from trading so they’re suspended until announcement, also kodal is in mail therefore shareholders should definitely see this and await the announcement as it may have a knock on effect, I don’t have an agenda I follow mining stocks and was just sharing what could have a knock on effect to kodal, I wish everyone the best of luck in all stocks! If I were in I’d await announcement and then react accordingly :-)
“The draft, dated June 17 and verified by three sources close to the talks, shows the government aims to take a direct 10% stake in mining projects once a permit has been issued, entitling it to 10% of dividend payments. It would give the state the option to buy an additional 20% within the first two years of commercial production, possibly through a newly created state mining entity.“
Https://www.fool.com.au/2023/07/18/leo-lithium-shares-halted-ahead-of-major-government-announcement/
I suggest holders watch closely to what this announcement will be as KOD is also in mali
Https://twitter.com/DeadEyeBeaky/status/1677256977326436353?t=riQxL8eFCwe4VOGyC1Pa0Q&s=35
Https://bulawayo24.com/index-id-news-sc-local-byo-232900.html
The same joey who said short at around 0.34 and now it’s 0.45, that would if lost money not saved, you can keep spouting only the good ones and you can’t call tops / bottoms the market will do it’s thing. LTH will know what’s coming and that’s a rise back to 0.70+
Now we’re not suspended we can wait for joeys new negative views on why not to buy it was suspended and going bust but now it will be something else, also I didn’t think you were 42 years old I thought you were about 19 by your constant childish posts… JEEEZZZ JOEY😂