Member Info for TheBasher

From my direct experience of international public bidding processes, there is initially a technical qualification process (Stage 1) followed by a financial qualification process (Stage 2) for those that pass Stage 1. Looks like Clontarf have passed Stage 1 and now need a minimum “cash in bank” balance (eg to fund performance guarantees) to successfully pass Stage 2.

No guarantee of course that once past Stage 2 they will be awarded anything, but they are making progress in a niche area.

I like the tone of the email, and sit with everything crossed for more news expected in April.

@goingtomoonufo

Are you invested?

If so, what did you buy at and when, and what’s your target sell price?

What financial numbers for revenue and gross profit have you calculated in respect to the JORC compliant indicated and inferred copper resources and target gold resources? I would be interested to understand your calculations too.

Copper @ $9068 seems to be starting a bit of a rally. If GWMO can get this copper proved up, should be engcouraging for a JV partner.

Gold @$2160 also looking very strong, with some forecast of $2500+.

I'm expecting 2024 to be the year I finally get some decent returns on this investment.

In April 23 I mentioned about a possible TO, and it was derided. Now it seems the flavour of the moment!

TheBasher

Posted in: KOD

Posts: 704

Price: 0.825

No Opinion

Next move after funding…

20 Apr 2023 15:58

Happy days. Glad I got in early and I’m definitely holding on to my @KodalMinerals shares… I think this is just the start of a MASSIVE rerate. I wouldn’t be surprised if Hainan make a bid for the entire operation, as happened with Kazera’s lithium/tantalum operation - their Chinese partner Hebei Xinjian Construction initially bought in to fund the mine, then subsequently made an offer to buy the whole thing out.

And if a sale is considered, I’m sure B won’t sell it cheap.

As we know with AIM, anything’s possible. If B walks away with a life changing amount of money, then I’m sure he could be tempted…. Let’s hope it would go to a bidding war.

Https://x.com/MrBreakouts/status/1763100658767646927?s=20

FYI Mandatory Offer

https://code.thetakeoverpanel.org.uk/tp/rules/rule-9/rule-9-1.html

Well, if a company hasquielty built a larger stake of 30% or more, perhap through another entity, then those entities join, then they must make an offer subject to the criteria set out by the Takeover and Merger Panel.

There have certainly been lots of sellers over the last few months to make shares available if such a plan was in play.

Who knows!

@steven49

I refer the right honourable gentlemen to the post I made some moments ago.

Or maybe I’ll use your style of communication:

I FEEL as though they still have lots of money left from the $4m+ already received to invest…

(I couldn’t bring myself to write in “text speak”!)

Https://twitter.com/chrisjparrish/status/1761660569663189464/photo/1

*And on what grounds do you think the license is some time away?

@steven49

So, have they spent the $4.85m received so far (as at 15th Dec 23, so it could be more) from the sale of the mine?

Really?

And on what grounds don’t you thing the license is some time away.

You could be right, you could be wrong but let’s deal with facts Steven and not how you “feel”.

Https://www.adamasintel.com/global-ev-industry-breaks-records/

@steven49

Steven ,Steven, Steven….

Calm down dear chap, please. I worry about your blood pressure.

As others have pointed out, on ME watch, the share price has plummeted and too many false starts.

We now have Wardle driving things forward. He has invested considerably (rather than taking a near £200k salary), and has delivered a financing term sheet which bodes well. I did ok out of Amerisur, and look forward to seeing some good progress here over the next 6-months.

@steven49

Or walked down to fill an order ….

Https://oilprice.com/Energy/Energy-General/Unsustainably-Low-Lithium-Prices-Set-the-Stage-for-the-Next-Supply-Crunch.html

Keith Phillips, chief executive at North Carolina-based Piedmont Lithium, told Yahoo Finance Live this week that lithium mining, as a cyclical business, will have its ups and downs. "With lithium prices down by 90% from a peak 16 months ago, just about every new development project is slowing down," which will lead to another supply crunch, Phillips said. It's a matter of time before prices will rebound and could go to very high levels, the executive told Yahoo Finance, summing up his view with the saying, "low prices are the cure for low prices."

Even more so today. -7%. Where’s the news?

WTF?

Https://x.com/IronveldPLC/status/1757371956360298561?s=20

All well and good, but can we have a meaningful update please??

Https://find-and-update.company-information.service.gov.uk/company/08491224

Kodal Norway (UK) Ltd.

Incorporated 16 April 2013.

Previous names:

Previous company names

CLEARPHOS LIMITED 08 Jul 2013 - 15 Jan 2014

KODAL MINERALS LIMITED 16 Apr 2013 - 08 Jul 2013

Latest accounts filing states that Company has relinquished licences in Norway and is dormant.

https://find-and-update.company-information.service.gov.uk/company/14477383/

Kodal Mining UK Ltd

Incorporated 11th Nov 2022

Includes Chinese Directors.

New company with no annual statement published.

4900 shares owned by Kodal Minerals Plc (incorporated 2010)

https://find-and-update.company-information.service.gov.uk/company/07220790

5100 shares owned by Xinmao Investment Co (incorporated Jan 2023)

https://find-and-update.company-information.service.gov.uk/company/14585800

Https://x.com/KazeraGlobalInv/status/1759877025211294184?s=20

Hi matey, for fear of repeating myself, it may be wise to wait and see. The danger is to be caught up in euphoria, fear of missing out, and the mistake of thinking that everything is a dead cert. And I have the experience to not worry if i do miss the boat and it does shoot up. there will always be another opportunity somewhere else.