Member Info for wtfdik...

Saw a message earlier saying Lithium Prices were nice and high, what price are they (apologies don't have the access to metal prices for Wood)? Wasn't our feasibility based on 650dollar? I thought they were at around 510 dollar last week? Daz was there a break even price on the project around 550-600 dollars?

Thanks in advance

Hi, I keep seeing people say we are fully funded. We are funded for the present works (although I would really like clarity on the breakdown on how the money is being spent, we spent 3.5 m drilling and an internal FS already), we are in no way funded for mine development. Even with a take off agreement we still need someone to lend us the money to build it. How much dilution have been figured on for us to get an operational mine? We have just given 20% of the company for 3.5m, didn't the FS for our neighbours reckon it would cost 80m to get theirs up and running?

There was an amount chatter from people who sounded like it was a certainty that the license drop was imminent, the price was going to 0.4+ when that happened .... Let's hope the license does drop soon or Fastjet and Daz will be able to top up at 0.1 in a few days as people look for a new exciting option to recoup their loses.

They were just under 30%, last I checked they were under 20%, not sure if this takes into account the further dilution. They could have had a lot more ..... Even if only to make sure they were hedged against a huge spike in Li price, why would they not want this for only a couple of million quid?

I am also really confused as to what Sino's work has produced and why they have let the exclusive deal slip.

That's 2 big partners who aren't keeping us as close as I would want, what do they know that we don't?

Apologies, yep Suay Chin, but they have turned down the opportunity to buy shares at these lower levels.

Curious as to why they would wait for now when they could have had us last year when we were much weaker financially.

Sino took a large enough share in the company to block others from taking the company over. They also have turned down the opportunity to attempt a takeover when the price was much lower.

Do you have Chinese company in mind?

The price of the share has gone up by 5 times from the lows of the past year. Some might consider this to be a response.

Mining companies tend to respond to forecast prices not the daily spot price.

If Sino liked what they saw then I can't help but think they would have "made us an offer we couldn't refuse" .... Only brightside from this week is the rising Li price ....

This board has been hideous for the past few days. Sadly the Messiah's will move on to another share. Hope no-one invested more than they could afford to lose. Penny shares are not for your pension fund.

Still hopeful that this will come good.

The increase in Li prices at least will make Sino consider whether to hang around, and at least we no longer have to worry about the loan recall. All in all the last few days could have been a lot worse for LTHs.

Who knows maybe BA might give us something useful to chew on ....

From a metal price forecasting site who surveyed traders -

Some 78% expected battery grade lithium carbonate prices would go up in 2021, while 22% thought prices would be similar to last year. Meanwhile, 67% expected battery grade lithium hydroxide prices to increase in 2021, while 33% expected them to be little changed from 2020.

Hi Laverda,

Sorry really confused, agree that if we were in production an RNS would be necessary if a significant change happened, but how does that apply to KOD who don't have a mine?

Am confused I thought the floor was 0.1?

Unless there is something materially new within an RNS (has some legal standing), it is sadly just PR.

If they put in an RNS a date of when we will be notified of a decision this will likely induce more buyers on the hope that a license is granted, but with minnows you can never be sure.

I was in AMC when a license was granted, we had someone with Google Translate who daily checked Russian Government site. They found that it had been granted on the government website and it was that which led to the company issuing an RNS rather than them notifying us first.

A license without contractors and funding is only a small step on the road and tends to be of more importance to PIs than the company.

I still have hope, but we haven't seen any steps to delivery on Li in a very long time

Yes, it is foreseeable and possible, but it could also halve.

There are 100s of millions of shares which are still to be put onto the market as a result of the loan conversion this week ... Plus there is another fund raising for the Gold Project. These could have massive downward pressure.

This having been said takeover talk, merger talk or issue of license could all cause a short term spike , a longer term rise would be justified by an increase in Spod prices or signing of binding deals rather exploratory deals.

At best this is a highly volatile share, there is lots of upside but also a chance we go bankrupt before the year is out ... Anyone who guarantees anything is lying to you because no-one other than the Chinese investors and partners know. If you think they will pay more than they absolutely have to then you will probably be very disappointed.

@banan

We believe all the due diligence is done and the paperwork is sitting on the desk of the minister, however as @dazalium has said recently, we need 2 signatures needed PM and minister, we have not had a minister for some time, since then the coup.

We do not know how long until the provisional government will put in place a minister or how quickly they will get to our license application.

@Justice2u, your theory is the MMs have been buying a large number of shares at over 0.1p in the last week as part of some clever game to sell them now or in the near future they will therefore force the price up massively? If you are correct they are presently sitting on a huge loss and would be a major shareholder. From my understanding this is not how MMs make money - they limit their risk, your suggestion would seen very risky, do you have any source or information which would provide evidence that MMs work in this way? I am honestly interested and would like to learn.

@swinger

Our SP is still well above the level it was 2 weeks ago, the news has had a positive impact.

Would love us to be around 0.5p, but there are far too many risks between here and production. These include the poor quality feasibility works (inferred Vs indicated), present instability in Mali, our financial weakness (how much of the pie will we end up with?) and the reality that most Spod producers are losing money at present.

Chinese investors are a double edged sword, they could be a cornerstone investor, but they also have an incentive to stop anyone else from helping us to get to production.

I really hope that in 6 months we have an offer of an off take at over $550 per tonne and a license ... In which case the numbers you are talking about may well be credible, I will be honest and say that I have lost faith in my ability to value AIM explorer/miners.

@swinger can you show another AIM company with similar resource, in an unstable region, no license, no offtake which is valued at £30m? I would love to believe that we are heading in that direction but I think this is something that is going to take to take more time and more money ....