The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
We’re all guessing on the reason why Yibin pulled out, the article below explains it really well IMO.
https://smallcaps.com.au/federal-government-bans-second-chinese-mining-investment-avz-minerals-lithium-project/
Now AVZ, going to be a scramble soon.
https://m.marketscreener.com/AVZ-MINERALS-LIMITED-10355251/news/AVZ-Minerals-Yibin-Tianyi-Withdraw-FIRB-Application-30470730/
I won’t post my views on this but you have to read it if you’re invested in lithium.
https://smallcaps.com.au/federal-government-critical-metals-blocks-chinese-investment-northern-minerals/
Latest tweet from KOD
The 2020s will be a transformational decade for #lithium, with demand expected to grow over 6 times 2019 levels.
While there may be further price volatility in the near term, forecast long-term prices predicted to settle at $12,000 per metric ton...
https://www.morningstar.com/articles/979397/look-to-lithiums-bright-long-term-future
Just the media attention alone will push this higher on Monday, The regular investor other than those watching this share would not have known about Wolffs purchase.
It was what made me invest on Friday so that’s my thinking on it.
Mercedes' Toto Wolff buys £37million stake in Aston Martin
https://mol.im/a/8231185
KOD just tweeted this:
Delighted to be awarded a further 3-year term on 2 of $KOD's 100% owned concessions in Côte d'Ivoire; Dabakala & Korhogo Projects
We are able to report a strong increase in interest in #gold assets, demonstrating the potential value in the portfolio.
https://www.brrmedia.co.uk/broadcasts/5e8ee7f731da814c9fc6911c/kodal-minerals-update
At least in these uncertain times this brings stability, also fair play to BA for cutting outgoings. The worst thing for KOD would be for a board shakeup, from here hoping it’s onwards and upwards.
Would like BA to explain why SC didn’t come up with funds.
Kod normally only tweet good news, so no idea what I’m missing here:
Today $KOD entered a financing facility comprising a subscription for new ordinary shares & linked equity sharing agreement with @RiverfortC & YA II PN Ltd.
All information submitted for Financial & Ministerial review of our Mining Licence Application
Agree.
Floor for the share issue seems to be 0.035, mining license on hold but we’re still in there fighting.
Any LTH and SC have been diluted to death, I still see upside when the world starts turning again, just not as much as I’d hoped for.
Good luck all