Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Would be great if one of Kodal's gold projects were going into production in 2024. Sadly, however, that won't happen. Bougouni Spodumene mining production is the overwhelming priority! Once Spodumene production is underway with no issues, then there may well be a good case, depending on further drilling results particularly at Fatou and Nielle, to plan another JV, probably with Hainan. What I do like about our 6 gold projects is that they all seem to be open cast gold mines?
The transfer of the Bougouni mining licence from Future Minerals SARL to KMUK's new Mali subsidiary, Le Mines de Lithium de Bougouni (LMLB): is the fact that formal approval of the DMS plant has now been given (RNS yesterday) a big step towards the completion of the mining licence transfer? I understood that the change of plans of plant design from the original mining licence approval in 2021 was one of the main hold ups?
Laverda, I can see the link the link between bullying and mental health issues for some trolls, bullies like the control/power element over the targets, rather like school bullying; but paid trolls perhaps are a different matter?
Imo, the best way to deal with the trolls, is to ignore them completely. It is tempting to engage with them, countering the arguments, but that just feeds fuel to their intention to cause disruption and doubt. Classic troll behaviour was from a poster named Twatcher (or whatever their name was) several months ago, his/her 'views' on climate change & lithium were ridiculous. Twatcher moved on to ggp and caused disruption, much to the annoyance of regular posters.
Imo, a buyout won't happen until at least the Bougouni mine is producing Spodumene for sale. Main reason (please correct me if I am wrong) being that the directors stand to accumulate millions more shares in the final installment of the scheduled
share incentive scheme.
But Prem are not producing! That is the problem. Yes, in the 'near' future Prem may be producing Spodumene for sale, and I hope they do; however, in the meantime the debt to Canmax is growing at a rate of 12% pa + not forgetting the other costs in maintaining a mining plant that is not working. Oh, and there is the unknown factor with what the new engineering team recommends to correct the current issues. As for Kod, well look at some of the fundamentals: No debt, solid JV, highly experienced personnel including an experienced Operations Director in Steve Zaninovich working alongside an experienced colleague from their JV partner. Have Prem an Operations Director? No, but they do have GR.
I'm looking towards the mine construction update in April (exact date currently unknown) as a possible catalyst sp booster. Judging by recent news, Hainan are obviously intent as are Kodal, on the mine being completed by the end of 2024.
For those who have not got a Facebook account: To text from the link:
GOVERNMENT
// NEWS // 1ST MARCH 2024 //
// KODAL MINERAL S. ORGANIZED AN INFORMATION MEETING ON ITS COMMUNITY DEVELOPMENT PLAN - THE MINING CODE AND THE INTERMUNAL TECHNICAL COMMITTEE ON THE EXCHANGES MENU //
It is the prefect of the Bougouni Circle Mr. Hamadoun Tamboura who chaired in the presence of his two deputies in the meeting room of the Bougounni Circle this Friday March 1, 2024, the information meeting on the establishment of the intermunicipal technical committee for the following up on the implementation of the community development plan of the lithium mining company Kodal Mineral S.A.
After the welcome words from the third deputy mayor of the Urban Municipality of Bougouni, the representative of the lithium mining company Kodal Minéral, Mr. Mamadou Dembélé, who laid the foundations of the strategy to be adopted.
According to him, this plan will be adapted to the mining code governed by our country, which determines recruitment procedures and quotas with a good part of the local and national workforce with its graph at the beginning of the deployment of the mine, and other cadres: three years, five years, ten years until the mine is closed that will be 100% back for nationals.
During his speech, the Prefect of the Bougouni Circle Mr. Hamadoun Tamboura thanked the representatives of the different municipalities of the site area namely: Bougouni, Kola and Tiémala Banimonotié. He recalled that this is an information and explanation meeting that will put all the stakeholders on the same level of information in this inter-municipal technical committee to successfully implement the community development plan.
During two hours the participants exchanged on the different aspects of implementation of the community development plan with concrete proposals and recommendations after the presentation of Mr. Yaya Djiré Regional Director of Sikasso Mines chosen as facilitator.
At the end of the works, the Prefet of the Bougouni Circle Mr. Hamadoun Tamboura was pleased with the quality of the exchanges and the well-known participation of the municipalities involved.
Looking forward to the next step!
Communication Cell - Governorate - Bougouni.
Regarding Prem, it's an example of what can go wrong when not going the JV route; although, Prem have created problems needlessly. George Roach is certainly not qualified Operations Director material unlike Steve Zaninovich! The April update on the Bougouni construction will be interesting. If it is good and the Spod price continues to tick up then hopefully the SP will rise above Hainan's buy in price i.e. 0.50p. I am confident that it will be a good update particularly with Hainan taking a very active role. For example, sending out the first batch of employees.
Johnny. Yes, there may be delays/issues with the mine construction. However, that is why a contingency was built into the funding package. Additionally, Kodal have an operations director, Steve Zaninovich, who is highly experienced. Steve is working alongside an equally experienced equivalent colleague from Hainan to push the Bougouni project through to production.
Prem has George Roach, who seemingly has control over everything. This was a massive mistake not having an operations director, and the results are there to see!
As for the future sp, I too was surprised by how much the 'sell on news' adversely affected the sp; but my intention was always to wait until at least production commenced.
I agree with many on this thread that Aim is largely controlled by traders. Oher quality AIM listed companies, for example Greatland Gold, have suffered the same date. However, like Kodal, I believe that Greatland's SP will recover strongly once the mine is built, approx same time as Bougouni.