Member Info for TheBasher

I posted this back in February of last year:

"Simplistic price forecast: 450,000 oz at £1354/oz = £609,300,000Divide that by 3,570,000,000 shares in issue and you get £0.17. Deduct 50% for all in sustaining cash cost for mining and still at 8.5p profit . And that’s the lowest end of forecast of oz’s recoverable just from Olympic. Just need to prove up the asset and away we go, potential mega multi bagger."

And that's just the gold which is now at £1574/oz, 14% higher....

Some people saying 2p... I think potentially a lot higher....

You couldn’t make this up:

https://www.fool.co.uk/2023/08/31/is-the-kodal-minerals-share-price-headed-for-a-fall/

@mrtriumph.

Your post is hilariously ironic.

@mrtriumph

Have you seen the progress in longhaul ev trucking?

https://www.dhl.com/global-en/home/press/press-archive/2022/dpdhl-group-and-volvo-trucks-kick-off-new-zero-emission-cooperation-with-order-for-up-to-44-electric-trucks.html

@asimpleinvestor

So if you have 53m shares, and down 44%, you must have invested around £100,000.

In an AIM company?

And £44,000 a “few thousand pounds”?

Are you talking out of your derriere?

He’s dead alright. Along with his power base.

Revenge is best served cold.

Should never have crossed Putin.

Https://www.sec.gov/ix?doc=/Archives/edgar/data/1657045/000149315223029687/form10-q.htm

Yep. So it seems. Stone cold dead.

Let’s hope for a resurrection.

HL keeps looping back to quote “timed out”.

Maybe just an online glitch but anyone else having trouble buying?

Https://www.reuters.com/world/africa/france-start-evacuation-operations-niger-soon-report-french-media-2023-08-01/

This doesn’t look good. Hindsight is painful. Wish I had sold just over two months ago to liquidate my significant profit and only hold my original stake for the long term. Hey Ho. Sit tight. The ride is likely going to get very bumpy.

@maestro

I’ve been called somethings in my life but never a troll! I can see how it could be quite amusing to carry on this conversation but I don’t want to enable posters trying to make and win arguments by throwing insults. It deflects from the real issues. It’s also a good reminder that no one knows who posters are nor their motivations, intelligence and knowledge.

Have a good day y’all. Kept believing whatever you choose to believe!

As I replied to @ratt, our views here are irrelevant.

I don’t have my head in the sand. Kodal is in the “high risk” part of my portfolio. I sincerely hope all comes good but I am more then prepared for it to tank. That’s a risk I’m prepared to take with a small percentage, overall, of my investments.

@ratt

Nothing, absolutely nothing, on this board influences the share price.

This is just a random board full of random posters.

Because someone has a contrary view to the eternal optimists doesn’t mean they are de-ramping (or “bashing” as it’s historically known). It’s just a view. Too many sensitive folk on this board who don’t enter into debate, just throw out lazy insults which doesn’t strengthen their argument. In fact the opposite is true. It weakens their argument.

@sharespy1

That’s actually very funny!

I’m balls deep in Kodal but also pragmatic about it.

Try to lessen the personal, and focus on the factual. It will give your comments some value if you do. Cut the personal swipes, open your mind, listen to award winning journalists, and then make comment on that.

The News Agents:

“ Later, we ask what's happening in Niger? As a military coup in one of the world's poorest countries leaves it wide open to Russian mercenary influence. We talk to journalist and geopolitical expert Tim Marshall”.

https://open.spotify.com/episode/0N45lAaYY8VFgmg0ZblK5a?si=NqeWx1XVT_-mflutpt7nDQ

Al Jazeera News

https://www.aljazeera.com/news/2023/7/24/rights-group-says-mali-army-foreign-fighters-executed-civilians

News24 re Wagner in Africa

https://www.news24.com/news24/africa/news/wagner-group-in-africa-resource-plunder-human-rights-abuses-and-state-capture-20230629

@maestro

I don’t drink :-)

You seem to have misinterpreted my post.

I did not say, and do not want, the Chinese to bail.

Maybe some on this board could expand their minds by reading this: https://kletische.com/attack-person-behind-opinion/

@bumpimgalong

I think IRON is very different. Multiple failed attempts to deliver announced funding. Think the market has no faith whatsoever in the management. It won’t rise on potential and speculation but on rock-solid, unambiguous production figures and revenue figures - every RNS so far has so much fluff, and don’t even mention the embarrassing “big” interview and Q&A session between CEO Martin Eales and there PR muppets. A 4-year old could have done better with an iPhone.

Rant over from a very frustrated LTH.

That aside, one has to be pragmatic about KOD. There is risk to the deal going through.

I’m starting to see Chinese companies doing paper deals to invest in or take over mines, pay (in the big scale of things) a small deposit of a few $m, only then to sit on that agreement for months on end and not complete.

Trying to work out why they would do that: control of the market, limiting supply, maintaining high $/tonne prices….

Who knows. I guess all will become clear over the next month. Boom or bust!

Un-effing-believable.

I don’t have my head in the sand.

I am invested here knowing that it was high risk.

Balanced against all the excellent news from Kodal and Hainan, there is also some disturbing reading about Mali including today:

https://www.rnz.co.nz/news/world/494685/wagner-mercenaries-forced-out-of-ukraine-unleash-horrors-in-mali

Russia has also just announced that it is donating (for free) 50,000 tons of grain to 3 Central African countries including Mali.

So Wagner does deal with Putin and becomes the security force in Mali, Putin supports Mali, and Russia and China are what some may describe as allies. Perhaps Kodals operation will not be threatened either by Wagner or obstructive governmental interference because it’ is basically coming under Chinese control. Perhaps my view would not be the same if the funding was American. Perhaps also a shrewd move by BA to partner with the Chinese, assuming he had various suitors from a variety of countries.

UK GOV have maintained their ‘all but essential” travel advisory:

https://www.gov.uk/foreign-travel-advice/mali

However much it might pain me (due to an x million share holding in Kodal) to accept that the Mali situation is changing, I would be a fool, and it could be financial suicide, not to take a pragmatic approach. The last couple of months, coincidently while KOD tries to finalise its deal with Hainan, has seen a significant change in the geopolitical situation, and an increase in risk due to the withdrawal of the UN Peacekeeping Force, the push by Wagner into Central Africa and the potential change to the Mali government’s mining regs. There are plenty of reliable and official information sources to corroborate this view - a few basic web searches will take you there.

Hindsight is a wonderful thing - would I have held all my holding after the sp rise to 0.9 if I had seen this coming? Probably not. Was I naive? Probably.

And now, in my view, the longer the wait the higher the risk to the deal closing.

I have learnt over the years not to close my eyes, cross my fingers (and everything else!) and unquestioningly believe that anything is a 100% “dead cert”. I learnt that lesson the hard way. I’ll be watching news closely over the next few days, and take whatever action, if any, on my holding.

And hopefully this will not invite the personal insults that have become all so common on this board just for being somewhat circumspect in my research.