Member Info for Stan36

Https://news.metal.com/newscontent/103031340/us15m-dispute-emerges-in-mali-bougouni-lithium-project

So they're in dispute for 5 months so far. Over $7.5m (or possibly $15m if the earlier payment is also disputed by Hainan).

And this is holding back the value of 125,000 tonnes of spodumene annually. Something is not right here. Some murky deal between the Chinese & Mali with KOD left in the lurch?

"On 5 November, Hainan Mining said in its press release that Kodal shall cover the tax obligation based on previous financing agreements. Kodal responded on the same day, saying the payment responsibility lies with KMUK, the joint venture entity. Further negotiations and announcements are expected.

The Bougouni project is set to start production in early 2025, with an expected annual output of 125,000 tonnes of spodumene concentrate."

"Previous financing agreements" is the red flag

Well I'm just Stan36. You can also see me on ADVFN. Joined there 25years ago.

Trying to improve for an occasional dabble.

Just getting back into it.

Like the look of this share but wary of what I read in the RNS as what seems to be a public disagreement between Hainan and KOD with regards who is supposed to pay the 2nd $7.5m

Surely this is highly irregular if its the case that the original MOU said the JV will pay it.

Now past the due by date and Hainan is contradicting it's partner? Or have I misread things.

The original MOU said the licence would be issued upon 2nd payment.

Seems very odd.

Would appreciate somoe views on that to help me decide whether to invest or not.

I read that 6% spodumene is worth approx $1000/tonne

And in the last week of March they added almost 2000tonnes to the existing stockpile. = $2m at point of sale.

Is it worth less if it can only be sold in China

New to this one. Read many of the posts here (mostly infighting!) and this looks attractive.

Bought my first shares today. 140,000 at average price below 10p

Feels this bottomed when market cap fell below £40m

Results due in April. Will there be an announcement of the date in advance?