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Just look at waybackmachine, it was there in November, September etc

Nothing new

https://web.archive.org/web/20241124160822/https://register.clinicaltrials.gov/prs/html/account-organizations.html#Industry_H

MrIndia, Hemogenyx has been on this list for many months, its nothing new.

Looking forward to placing of 10-15bn shares in the coming week.

Current shareholders gets to keep 2.5%, which seem to be worth $10m based on new money investment value.

Which implies 1.5-2p share price

Sounds like Kodal will end up paying the settlement payment based on todays interim report

"The first half of the US$15m settlement payment under the MoU has been made by KMUK to the Mali Government following the half year end concerned and the licence transfer process is expected to be completed shortly. Kodal and Hainan Mining Co., Ltd ("Hainan") are continuing discussions regarding which group entity will have ultimate responsibility for the settlement payment to the Mali Government. At the current time the Company cannot determine the outcome of the discussions, and hence the nature or amount of any payments or concessions that might be required, if any, and which may result in an economic outflow from the Company. "

If the vote is not passed, I think its +75% probability of administration within the next 1-2 months

Things are progressing but final offtake still outstanding and nothing on the settlement payment.

The company has to put out the interim results before year end, so I guess they will have to update the market on other key points at that time 1) Commissioning, 2) Take-off agreement, 3) Dealing over the Mali settlement payment and other things.

I have to say its very odd that KOD didnt put out and RNS when first the Mali president visisted the plant over the weekend and secondly when Hainan RNS that the first batch has been produced from test run.

This smells very odd. Both are supposed to be positive developments for KOD.

I do wonder if there are bigger problem around the $15m Mali settlement payment or why KOD avoids to be in the news.

From the previous placing:

Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, is pleased to announce that it has raised £1 million, before expenses, through a placing at a price of 0.5p per share ("Issue Price") (the "Placing" or "Fundraising"). The Placing was arranged by the Company's broker, Turner Pope Investments (TPI) Ltd ("TPI").

A total of 200,000,000 new Ordinary Shares of 0.5p each in the capital of the Company ("Ordinary Shares") has been placed by TPI at the Issue Price ("Placing Shares") with clients of TPI.

Use of Funds

The Directors have undertaken the Fundraising to increase the Company's cash reserves following a revision of the business model and to cover a significant proportion of the build and fit-out costs for the Company's new Technology Centre in Bridgend. The Technology Centre will become the Company's new head office as well as housing a scale version of the Company's new feedstock testing unit utilising the Company's proprietary DMG® technology, which will serve as a reference site for potential customers, and for development and project funding partners.

I guess they need to raise £2-3m to cover cash burn for 2025

Best set up is to raise before Technical Centre is starting up, otherwise big risk that the placing risk will take away all the positive energy from the Technical Centre opening.

They need to raise very soon in my view

Looking tight

https://x.com/ShareCounting83/status/1868606562899800516

It will rise into the next test result

Did anyone see any news?

Will some interesting weeks