Member Info for SorB

Even the big oil players know they need to diversify, https://www.greentechmedia.com/articles/read/total-and-opel-plan-european-battery-gigafactories

I’ll keep my thoughts to myself but overall I’m a happy boy here now, if a reasonable funding deal drops this will go nuts if yesterday’s turn over was anything to go by.

CORPORATE
Corporate activity during the Quarter was focused on completion of the Renounceable Rights Issue and promoting the Company through the development of relationships with potential investors and stakeholders in the lead up to completion of the DFS early in 2020.
During the Quarter the Company received inbound interest in participating in the Goulamina Project in a project funding, investment, or joint venture capacity. The Company will keep the market informed with respect to any material developments that may occur regarding these opportunities
Post quarter, a Memorandum of Understanding (MoU) was signed with Kodal Minerals, an AIM listed exploration company with a Lithium deposit also in Southern Mali. The MoU will seek will investigate cooperation opportunities in the following areas:
• Pre-development, sharing facilities in the closest town of Bouguoni, where both companies currently have separate facilities to support exploration and fieldwork;
• Establishment of common workshop, servicing, storage and catering facilities;
• Establishment of common supply chains for spares, reagents, fuel and other consumables;
• Joint strategy for transport and shipping;
• Joint approach to community development; and
• An access agreement relating to N’Kemene and Mafele exploration tenements, currently owned by Kodal. The
terms of this access agreement will be negotiated separately.
In addition to exploring operating synergies, the companies intend to negotiate an access agreement for the N’Kemene Ouest and Mafele Ouest concessions (“Bougouni West Project”) that are owned by Kodal Minerals via the Bamabara option agreement.

Now we know why the FS was just enough to get us over the line for the mining application. You might as will rip those figures up now as they should be reduced drastically.

As a long term holder and sufferer today’s news has de-risked this share for me. Finally some common sense has been used by both companies.

Funding and finance are key and I wonder what BA has up his sleeve with no presentations investor evenings booked?

Not just that Daz, anyone one with deep pockets won’t f@ck about here with two separate companies.

Both companies will be gobbled up and a 4mtpa plant will blow most of the Aussie producers out the water.

It’s going to be interesting to see the savings made, In these times of low SC6 prices it’s a master stroke by both companies.

Like I said yesterday, interesting times.

The MLL DFS is going to a very interesting read.

Agree Daz, we're all going mining.

One happy boy today

What do you think of that Daz, that came out of the blue.

FJ, ha ha I never thought of it that way.

Anyone noticed we have had no Podcasts after that last RNS, normally BA loves being on camera even when he tries to dress up s@it news.

Come on BA, spill the beans as we must be running on fumes now.

This has become more intriguing, In my opinion the FS was just enough to get us to apply the the mining permit, I still believe BA is being crafty and waiting for MLL to do all the legwork on there DFS as mentioned in a post earlier on.

It all comes down to finance, are SC waiting to see how the bulk sample goes before making a pledge? Has BA been given the nod about finance and is now not bothering with investor events, presentations etc or is KOD flat out broke and he doesn’t have the funds to go.

Take your pick, stick or twist, I’m going to stick it out and see where it goes.

Good luck all

I don’t want to come to BAs defence on timings (as they’re **** poor) but the reason I can think of for the month delay is the bulk sample which is running through Shandongs plant. It’s coming upto Chinese New Year and most if not all companies in China shut down so its a perfect time for this task.

I’ve no idea if what I’ve stated above is true but it’s what I keep telling myself.

Donny, I see that as a positive. Looks like BA May have something sorted finance wise as normally when he goes to a conference or does an investor evening the next day or so we see a placement.

Come on BA, finally deliver something to us long term holders.

Just announced- https://uk.reuters.com/article/us-china-autos-emissions-idUKKBN14C0Q4

We’ve all been let down so bad over the years here BIB I doubt if anyone will answer that.

I think the FS will read well but the LOM won’t be appealing, we’re in SC hands so let’s hope BA hasn’t been bull ****ting us about this strategic partner off take agreement he’s been banging on about.

Cheers Daz

James, if the economics are good I don’t see any issues with us being in Africa. Mali has a lot of gold mines in production so personally I don’t see the problem.

Look out for MLLs DFS as it will probably make an excellent read. If I’m being honest I wouldn’t mind betting that BA has held off releasing anything to us before he takes a look at what MLL are upto.

Daz knows more than most on MLL so he can probably help tell us what they’re expecting to see.

Looking at lithium related shares in general and it looks like a good week has been had by all bar us. Hopefully we will come good when Bernie delivers on his promises.

On a different topic a few years ago I was invested in lek oil, f@ck me have you seen what’s gone on there over the last week or so, you couldn’t make it up.