The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
I don’t disagree with you at all. This was a case of comparing the scale of the companies. I originally just asked about the mining license! KZG is a whole different vehicle to Atlantic lithium. Wish you all well with it.
KZG October 22 presentation states:
Reserves: JORC compliant resource estimates of combined Indicated and Inferred Tantalum deposit of 622.2kt and ,125.6kt of Lithium
Hebei Xinjian Construction to invest USD 7.5m for 49% of Lithium marketing company:
• Investment covers costs of upgrading tantalum plant to increase productivity over tenfold, and also allows for the addition of a lithium processing facility.
• Minimum $2.5 m payment in cash by February 2023 (first $500k already received)
• Up to $5m contribution to be mutually agreed in machinery, equipment and expertise
• Fully fund Namibian operation
• Lithium production and sales anticipated to commence Q1 2023
So I don’t think they see a problem with getting the Lithium extracted….and there’s 125.6kt, with production starting Q1 2023.
https://kazeraglobal.com/wp-content/uploads/2022/10/Kazera-Presentation_2022.pdf
Listen to this interview:
https://youtu.be/Tb3aukLijCc
First sentence “We are not needing money…”
Company is funded to bring all assets to production, and becoming cash flow positive.
No need for a raise.
That message is very clear. Very happy holding my not-so-small position (for me, that is).
https://kazeraglobal.com/
Always gets my attention in anticipation about what it might reveal….
https://oilprice.com/Metals/Commodities/Rare-Earth-Supply-Chains-Are-In-Chaos.amp.html
@9billion
Hat off to you sir. An informed intelligent reply. Thank you.
Yep, risk to everything. Managed to take a position in KOD in the 0.1s before the sharp move up in to the 0.2s (with peaks in 0.4s).
Their mining licence was applied for in January 2020 and granted in November 2021. Nearly 2-years.
Do you see the same timelines playing out here?
I’ve also got a position in KAZERA GLOBAL (KZG) that appeared to “stumble” into lithium while exploring other minerals.
Currently not as well developed as ALL or KOD but still managed to raise non-dilutive funding to progress lithium opportunity and bring to production early 2023. Still appears under the radar and undervalued, given that they also have other resources now providing positive cash flow .
But it’s important to clarify!
@potatohead
You have got it wrong. It’s the exact opposite of what you are saying!
KODAL’S current SP is .26p, normally written with a “0” before the decimal point for clarity, so would become 0.26p, or £0.0026.
0026p as you have written it without a decimal point is the same as writing 26p, or £0.26. Clearly this is not KODAL’s current SP.
Admittedly, many financial trading or research sites do not include the £ or p before or after the indicated share price value (as though they are assuming that you will know). Assumption is a dangerous thing!. I have experienced and witnessed confusion about this many times.
@luckyluciano
No license, no lithium.
That’s the first thing I would be questioning.
@dunkirk - they obviously do!
@teddy - take it easy fella! Just doing some research. No agenda. Jeez.
And in doing that headline research I have to admit I took it for granted that a license was in place, especially when a JV partner was already spending $millions. Compared to some other lithium explorers that just isn’t consistent with how things pan out. PFS,
And then I came across the recent RNS saying that a license had only just been applied for.
So instead of derogatory remarks, perhaps you could offer an intelligent reply.
It doesn’t need an essay, just a couple of bullet points that indicates what I’m missing…
As I understand it:
- considerable cash has been raised and spent
- a JV partner has already committed to spending over $100m
And yet there is no mining license?
Is that right?
If so, something doesn’t smell right.
@Potatohead
Care to explain?
Did you mean 1.20p/1.50p? At the moment Kodal is 0.2575p so that would indicate a nice 5x rise.
As you’ve written 0.012p it looks like you are saying after financing the company is worth a lot less than it is now!
Are you sure about that?
FCF appears to be the smelting facility.
That smelting facility has been upgraded by Ironveld before the deal has fully completed.
The deal is contingent on a Debt Purchasing Agreement being signed.
Unless I’ve missed it, that agreement has not been signed.
Or perhaps the deal has changed and either I’ve missed that update or there isn’t one.
Wed, 31st Aug 2022 07:00
RNS Number : 6579X
Ironveld PLC
31 August 2022
Ironveld Plc
("Ironveld" or the "Company")
Completion of Acquisition
Ironveld (AIM: IRON) is pleased to announce that it has signed the Share Purchase Agreement ("SPA") to acquire 100 per cent of the share capital of Ferrochrome Furnaces (Pty) Limited ("FCF") which will provide Ironveld with an existing smelting facility and the opportunity to commence mining and processing in the short term.
Acquisition of FCF
Ironveld, through its subsidiary company Ironveld Smelting Proprietary Limited ("Ironveld Smelting"), has entered into an agreement with the shareholders and the Business Rescue Practitioner of FCF to acquire the entire share capital of FCF for a nominal fee of ZAR 980 (approximately £50).
Ironveld intends to change the name of FCF to Bokone Smelting Pty Limited in due course to reflect the regional heritage of its operations, given that 'Bokone' translates as 'North' in the Tswana and Sepedi languages.
The only condition precedent in the SPA is the signing of a Debt Purchase Agreement between Ironveld Smelting and the sole creditor of FCF for a total of ZAR 115 million (approximately £5.75 million) and this condition precedent is expected to be completed in the next two to four weeks.
Operational Update
The industrial cleaning work has now been successfully completed at the smelter and the initial works programme as outlined in the announcement dated 11 August 2022 continues as planned.
For further information, please contact:
Ironveld plc
Martin Eales, Chief Executive Officer
c/o BlytheRay
020 7138 3204
finnCap (Nomad and Broker)
Christopher Raggett
Charlie Beeson
020 7220 0500
Turner Pope (Joint Broker)
Andy Thacker
James Pope
020 3657 0050
BlytheRay
Megan Ray
Tim Blythe
020 7138 3204
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stoc
https://www.innovationnewsnetwork.com/meeting-increasing-lithium-demand-with-bougouni-project/26816/
I did research on this a couple of years ago. If they can process even a fraction of what they have already found, then the MCAP will be multiples of where is now, and I’ve calculated a lot more than 10x . But we will see.