Member Info for SylviaBrowne

For instance, look at what Suay Chin is doing to the share price since the last RNS. The evidence-based information we have is that they were selling 2.5x faster until the RNS of 19th Aug. If they have accelerated to more than 2.5x the current price drop could be exclusively their doing.

Troggy, Steve wanted to keeo 7m shares so he can sell them again at a lower share price, as he is doing for many years before. Now that he is leaving for Castle Minerals he might sell soon anyway. I do believe that Suay Chin selling 2.5x faster is more crucial for the fate of the share price, rather than the holding of Steve.

Sheffy, I have provided the evidence for it. If you are unable to handle the slightest pressure as an investor, then please filter me out. Also, for your information, I am not Chef and I actually find it exhausting (and even embarrassing) that everytime someone speaks there are accusations of multiple identities. Filter me out, the information I provide is not intended to investors like you anyway (they need to have a grasp of risk management). I will not be responding again.

This is to summarize and briefly review the recent evidence about the accelerated sell-off of shares from Suay Chin and Steve and how they coincide in time, and also the imminent employment of Steve to another company, namely Castle Minerals (thanks GeorgeH for the link yesterday).

Suay Chin: Based from the RNS of 22nd Jan 2025, 9th Jun 2025, and 19th Aug 2025, we can verify that Suay Chin is now selling (from the period of Jun-Aug) at an accelerated rate of 2.5x. For reasons that we are unaware of, SC decided, prior to the issue of an export permit, that it is more profitable for them as a major shareholder, to start selling shares more rapidly. This can be interpreted as a loss of confidence on the stock or, equivalently, that they believe the stock is currently overvalued (i.e. that there will be no price increase from the export permit).

Steve: Based on the RNS of 3rd Jul 2025, we can verify that Steve, a member of the board, sold shares at a point in time where the price of the stock was 0.24. This indicates that Steve believed the share price of 0.24 to be a good exit value, and that the stock is currently overvalued. In addition, Steve will soon be employed at a different company, Castle Minerals (thanks again GeorgeH for the link).

An interesting observation is that the behaviour of Suay Chin and Steve coincide in time, namely the accelerated sell-off of shares happened in the same period of time between Jun-Aug. This raises the question of whether we miss some information for the stock that both Steve and Suay Chin have access to. Given the imminent bank holiday next Monday, the fact that the mine is expected to close for maintenance at the end of August, and that two members (Steve and Mohammed) are moving to a different company, what do you believe the state of the stock will be next Tuesday?

On the contrary, we should be grateful to George for providing this information, enabling one to make an investment decision before the actual RNS comes out. This was a fantastic insight of the day, with actual useful information, especially when compared to other posts who seek psychics of an AI nature.

Chef, I am doubtful Kodal is in position to pursue any gold endeavour at the moment, given that it might also be liable for the additional tax payment if Hainan exercise their legal rights. We should be happy if Kod succeeds on lithium, which at this point in time is rather questionable. I have no other expectations of Kod.

George thank you for this. Given the recent news with Suay Chin, I was also looking back at the behaviour of Steve Z. This is a guy who has always decided to sell shares when the price of the stock is falling, like he has zero confidence on it (see relevant RNS). While it is always stated as an excuse for tax payments, I do not buy it.

Sure, but the question is why is a major shareholder seeking a rapid exit strategy from the stock at this point in time? Selling faster right before the export permit suggests a loss of confidence on the stock.

"When the export permit comes, the stress of the investors will be relieved"

This is what everyone was thinking about the mining license too a few months ago, and yet here we are at the same situation. My point is that there will always be some uncertainty in a stock, and the question is whether the fundamentals are strong. Which is why I am concerned about the fact that Suay Chin sells 2.5x faster.

Does anyone know if it is necessary to issue a RNS for the imminent closure of the mine for maintenance? Or is this information that can be communicated later, along with the aftermath of what revisions were necessary? Just trying to predict the effect of Suay Chin selling in an accelerated pace while mine remains closed, and thus the company has no prospect of profits for a fixed time period.

Craignews - Thanks, but I believe it is a bit more complicated here since it is not about a simple maintenance of a fully working mine, but rather includes revisions to make it more efficient.

MalcolmJ - Thanks, yes I want SC gone too. I am just concerned about the timing of it, it doesn't make sense from an investment perspective.

Ratboy1971 - Thank you for the offer, but I think I will pass. Living in the capital, I am already surrounded by enough rodents, and wouldn't like to add another one. Focus on Kodal now.

Ratboy1971 - For your information, I am not Chef, but I am somewhat impressed that most here discuss about him/her, rather than the stock. I will not be responding to these again, I only care about evidence based information related to Kodal (which is not provided by emotional investors with a holding equivalent to "beer money"). Have a nice day!

Anyone has any evidence-based idea of why Suay Chin decided to start selling shares 2.5x faster between the months of June-August?

So, based on the 3 RNS from January, June, and August one can verify that Suay Chin sold 1% in approximately 5 months, then another 1% in two months. They are, consequently, as a major shareholder, decided to rapidly offload shares.

Does anyone have any idea of what caused this loss of confidence to the stock? Given than an export permit is expected soon, one would expect that Suay Chin would at least have kept the same rate of selling, as the export permit might have increased the price. In contrast, they started selling stock more rapidly.

One theory could be of the recent coup/rally in Mali which started in May and coincides with the months that Suay Chin decided to sell more shares. However, Mali is always risky, so this seems to not be the sole reason.

Is Suay Chin concerned about the imminent closure of the mine for maintenance? If this takes a long time to complete (and one expects that these things will take more time than planned) then this will surely dampen the share price, and it would be of benefit to Suay Chin to sell now rather than later.

What are your thoughts? Why is a major shareholder selling 2.5x times faster? With that pace Suay Chin will clear in approximately one and a half years. However they might accelerate even more now since they already started selling more rapidly, and clear faster.

MrBishop - Yes, orders to fill on a mining stock without an export permit, with a mine ready to close for maintenance presumably in the next 10 days, and with no information of the time required to complete them. A surefire way to make a profit.

Thank you Jude47. This is most likely the explanation of why Suay Chin was selling 2.5x faster in the period of June-August, given that the rally mentioned in the article happened in May. I should be following the political situation of Mali more closely.

Thank you for the response George, and the arguments guided by reasoning rather than the emotional, unguided, and aggressive responses of other participants here.

Hi George. Are you aware of how long the shut down for maintenance will be? And will this maintenance require revisions of the infrastructure to make it more efficient? This could take more time and is crucial information. I am also not convinced about the limit of the storage space, as it could easily get extended. In any case, since the Mali Government holds the power at this point, every decision/delay made is to maximise their eventual profit. Putting limits on exports is also more conplicated, compared to waiting few months for the floor price. Do you have any opinion on why SC is selling 2.5x faster?

Humster, the Mali Government will get its money eventually since KMUK and Hainan are accumulating piles of spodumene. The government doesn't care for a monthly income, if they make sure that they get more money long-term. So they do not care about the 6 month delay. The real question is why Suay Chin is selling faster, and if they have any negative insight that we do not have access to.