Are there any big trades missing here? Moved up on a few grand in buys?
Down 90% or so. 10 grand became about 900 pounds. Completely mismanaged. The company and the investment.
I have been trying to my head round the benefit of KMUK paying Suay Chin 14 million USD.
This is my take:
Suay Chin had right of first refusal so they could refuse and KMUK are scrambling for a buyer. I guess no penalty for refusing. Hainan have to secure a supply for their processing plant. They will have had to find a source leaving the potential of them not needing KMUK's spod.
KMUK now have a secure client that will take everything, therefore mitigating risk. The increased throughput means there is going to be more spod than anticipated over a given period of time. As a result the risk of not having a buyer for everything increases.
This doesn't remove the underlying feeling that Hainan consider KMUK as their company and not a partnership/JV.
Has BA commented on the deal?
Just found it, must be an issue here.
Should there not be an RNS this morning?
Hope so. Could not have been a worse few years. The share price is still down 90% over a 3 year period. This is not oil price but rather apathy and incomptence in management. Chasing fumes with the new stuff.
Those derampers were right. There are a few who predicted a drop and got it spot on. LTHs thought we would be higher and this is where it gets messy.
As a LTH I say nothing has changed but that's not true. The spodumene price has dropped. This will affect our share price. The price of spod is still where we planned but sentiment and fear drive things.
The other side. Fully funded, resource expansion to come. Last one was an increase of 40%. Market overlooked it because of lithium price, imo.
This is the AIM but this company has only exceeded expectations. Stay the course and will be fine.. everything the company is doing is real. Roads, parts etc.
Explorer to miner. Is it rare?
Fundamentals are good, time needs to be long.
Think about it logically if still in doubt about money arriving.
A deal was done for X amount with X amount of resource. That resource just went up by 40% with more to come. The money that is being invested stays the same. Why would you now decide to pull out?
This is amazing news and it must surely bring in institutions who have been on the sidelines
I can't see them stopping at this amount unless they know something we don't. Can they force an EGM or be required to put in a formal takeover offer after a certain %?
As Lav says they are drilling new holes not looking at the existing resource. And as I have mentioned before, Hainan wanted to test samples prior to investment. They did this in their own labs and found the spodumene recovery rate may actually be higher than they thought. This means more product for the same amount of dirt mined.
They have received results on 800 samples and were waiting for I think 2000 or so more. The resource will increase, but we don't know by how much. Hopefully will find out soon. On top of this a new drilling campaign can begin to identify even more of the shiny stuff.
Go back through the investment RNS' to get a better understanding of what is getting done.
Hopefully I haven't misunderstood the details but please pull me up if anything is factually incorrect in the above.
This horrible zombie share....Hainan looking to escape the deal. Aged like milk did that. Just shows that you need to do your own DD.
Hope the market pushes this up to new highs next week. We are due a substantial resource upgrade which I feel might be in the next month.
Pleased for those that have cars on order and need some cash. Perfect timing.
Kodal told Hainan about the lithium and how good the grade was etc prior to the investment offer. Hainan said, yeah right, send us samples. Hainan tested and tested and the samples were better than Kodal had said. An offer was made. Now is not the time to get jittery. This deal is happening. We may or may not need to wait in order to exit as shareholders, guess that depends on personal goals.
The situation in Mali is possibly the reason we are not already 1p or 2p plus. If you have done your DD you know where the trouble is, you read the Mali news.
There are a fair few negative posts but they are not backed up by facts, just opinions, similar to my idea that if this wasn't Mali the price would be higher and that the deal is definitely happening.
Hainan and Kodal seem to think they are getting married and their baby is going to be called Bougouni. Personally trusting them to deliver as they have much more at stake than the average punter.
Will miss the call today. Any updates appreciated.
Same Syste. Drags my overall portfolio down. I should have taken the relatively small hit a long time ago but held on.
2 months and not a peep. They must know by now if it is a dud or all is good. Either way, it is market sensitive info and the market should be told.
How can they look confused at lack of trades and the total share price destruction, when they don't communicate anything to shareholders?
Only hope is they think that good news doesn't need to be RNSd as it was the expected outcome....lol.
The request for suspension of Leo refers to DSO and correspondence received relating to it. It's not a rumour about DSO.
https://leolithium.com/investor-centre/asx-announcements/
It's the second one on the list.