Member Info for TimmyTradeface

SC doesn't care about Kod shareholders but it's no secret. Before Hainan, they had the offtake agreement but now they are no longer part of the lithium project so they no longer have a reason to be invested, hence the sell off. It might be a little more complicated but thats a brief summary.

I tried explaining that concept to Bloggs but he just couldn't accept it, even though it was black and white in the offtake RNS. Then he quoted the Zimbabwe spod price, which is when I filtered him. Absolute prat.

I've filtered him now. Just a broken record wittering about the loan and the daily sp.

Chef does a lot of research! It involves coming on here, reading what Joe says, taking it as gospel without cross referencing or fact checking then having a moan about the loan.

Still not sold up and moved on chef? The more you talk down the share while still holding makes you look more like a moron each time.

True, I think some of the info it used is outdated, which is didn't catch. Still i was just looking at a ballpark figure. There's no way we can get an exact amount until the sale itself.

I agree with you there, AIM really is a wild beast. I have three in my portfolio but the rest is all FTSE 100 and I'm generally trying to phase completely towards the latter.

*Cigarette packet (it wouldn't let me use the slang)

some *** packet calculations, based on stage 1 aisc and todays spod price using the high-tech *** packet of the modern era (ai)

revenue 27.75

royalty (6 %) –1.67

aisc costs –19.41

pre-tax profit 6.68

corporate tax (30 %) –2.00

net profit ≈ 4.67 (million dollars)

i don't think we're really going to 'see' profit for a long time though as presumably it all goes straight into further developing the project, which for us long-term holders can only be a good thing.

'ramp-up and optimization – the first few shipments’ profits are often recycled into improving plant efficiency, fine-tuning the dms circuit, and covering working capital (spare parts, logistics, maintenance).

stage 2 development – kodal has already signaled plans for a stage 2 plant (larger throughput and/or flotation circuit). early profits would likely be a key internal funding source before raising more capital.

resource/reserve expansion drilling – they’ll want to extend mine life by upgrading inferred to measured/indicated resources and testing nearby pegmatite targets.

infrastructure and esg investment – cash flow in early years often goes to road upgrades, power, and environmental programs to strengthen their long-term social license.

debt reduction / partner repayments – if hainan mining or other financiers have provided upfront funding, part of the early profit stream might go to those obligations.

so yes — although headline profits might look like $4–8 million per 30 kt shipment, net free cash flow available to shareholders could be modest at first, as much of it will be reinvested into ramp-up, expansion, and growth.'

i know ai doesn't know everything and can only guess, but it can compile all the available information a whole lot quicker than i can; the main benefit of it is it doesn't have any emotional attachment to the share, bias, agenda or obsessive hatred towards the ceo...

Bloggs is probably going to say half that spodumene is going to be blown away by the wind.

It sounds like they are moving the whole 45k tonnes to port, but only 30k is going on the first ship, the remaining 15k is being stored in port.

Short story is he bought the top of a spike because he thought it was going to the moon, now he's bitter and trying to scaremonger and mislead with incorrect information.

My God, so many green boxes, including four in a row. I'm only filtering one poster... go figure.

Strangely chatgpt (no bias/emotion, draws info from all sources) disagrees:

'Putting it all together: For 2026 I would consider a moderate tightening of the lithium market likely, with high probability of near-balance or a small deficit, rather than a large oversupply or a large shortfall. If I had to pick a number range: maybe ±0 to -50 kt LCE (i.e., up to ~50,000 tonne deficit) is plausible, under current assumptions.'

So odd that chef choses to argue with those who have been invented for years and studied every single rns as they've been released and listened to someone who's just as big a chancer and makes up information. Everyone has their own investment strategy I guess.

A lot of green boxes today, it is quite refreshing to see only posts from people who actually understand what they are talking about. Except chef, I haven't filtered him yet, he's just naive and misguided.

Same, I'm bored of this now. Quoting the Zimbabwe spod price? I can't deal with that level of stupidity. I just hope nobody makes any investment decisions based on his misinformation. Utterly disgusting.

Quoted directly from the offtake agreement rns

 'Spodumene concentrate price to be referenced to the Shanghai Metals Market ("SMM") published price for 6 per cent. spodumene concentrate, which is a cost, insurance and freight ("CIF")price for delivery in China.'

Stop using the African metals index price. That's a different price.

Finally, a post thats made me laugh for the right reasons. Well done.

I didn't say it, but you seem under the impression you could have done. I have no evidence that you couldn't. I have a hunch though...