Kodal Minerals Share Discussion Threads

[pwhite73] 12/3/2017 21:35

mhin2 - "Equally plausible is that Chin is a singaporean front end of chinese connections"

I don't believe it is. If as many claim that Chinese currency regulations had prevented Shandong from sending $10 million overseas to BGS they are certainly not going to broadcast the fact they have set up a new company (Suay Chin) to do exactly what they were forbidden to do by the Chinese authorities in the first place.

[mhin2] 12/3/2017 21:24

john, its plausible. Equally plausible is that Chin is a singaporean front end of chinese connections that traverse borders to provide mutual support in family networks, or `guanxi'...noun
(in China) the system of social networks and influential relationships which facilitate business and other dealings....but connections are sometimes deep from history/trust networks

[cudmore] 12/3/2017 21:24

Pwhite

Are you the muppet who keeps appearing on WEB?

[john2017] 12/3/2017 21:18

Mhin why are you feeding this troll to excrete more rubbish? He will go on posting rubbish if people are stupid enough to respond to him with his outrageous desperate posts to create doubt in people's minds!

[pwhite73] 12/3/2017 21:17

mhin2

No its not a scam as far as I can see KOD have said nothing that can materially be proved to be untrue.

A new company is created with the intention of making a £4.8 million investment in KOD. That is true.

It was said the new company has strong support from Shandong. Well that can also be true. Shandong could have said "well when you guys start producing lithium we would consider buying the whole company".

I am personally not convinced of any direct financial involvement of any Chinese money in the Bougouni Lithium Project just yet.

[mhin2] 12/3/2017 21:11

cud pjwhite has a point

[cudmore] 12/3/2017 21:03

Big week coming imho. Get in quick for the ride!

[mhin2] 12/3/2017 20:51

PJ white, I see what you mean ...but if your interpretation is true...its a scam...a £500000 investment in hope of making...what 20%?

[mhin2] 12/3/2017 20:16

ok pwhite...

[pwhite73] 12/3/2017 20:10

Scam is an inappropriate word. 'Business' is the term you should use because that's all it is at the end of the day 'business'.

[mhin2] 12/3/2017 20:07

pwhite that would be quite a scam...not impossible...

[pwhite73] 12/3/2017 20:02

mhin2

No it is you that made the funny and clever comment not me. I'm posting the 'Emperor has no clothes on' and you're posting about acid extraction.

[mhin2] 12/3/2017 19:56

pwhite...funny and clever..made me laugh, but dont stray off the point I am making

[pwhite73] 12/3/2017 19:52

mhin2

As a frequent user of acid myself I know what you mean.

[mhin2] 12/3/2017 19:50

pwhite the use of acid to extract lithium, makes the connections tenable

[mhin2] 12/3/2017 19:47

Spodumene is an important source of lithium for use in ceramics, mobile phone and automotive batteries, medicine, Pyroceram and as a fluxing agent. Lithium is extracted from spodumene by fusing in acid.
World production of lithium via spodumene is around 80,000 metric tonnes per annum, primarily from the Greenbushes pegmatite of Western Australia and from some Chinese and Chilean sources. The Talison mine in Greenbushes, Western Australia has an estimated reserve of 13 million tonnes.[7]
Some[who?] think that spodumene will become a less important source of lithium due to the emergence of alkaline brine lake sources in Chile, China and Argentina, which produce lithium chloride directly. Lithium chloride is converted to lithium carbonate and lithium hydroxide by reaction with sodium carbonate and calcium hydroxide respectively. However, pegmatite-based projects benefit from being quicker to move into production than brines, which can take 18 months to 3 years, depending on evaporation rates. With pegmatites, once a mill is built, the production of lithium carbonate takes only a matter of days.
Another key advantage that spodumene has over its more popular brine rivals is the purity of the lithium carbonate it can produce. While all product used by the battery industry has to be at least 99.5% lithium carbonate, the makeup of the remaining 0.5% is important; higher amounts of iron, magnesium or other deleterious materials make for a less attractive product.

[pwhite73] 12/3/2017 19:46

mhin2

I am even less certain than you. But what I can tell you is this. It is in the interest of Suay Chin to take out KOD on the cheap and not wait until other bidders to arrive. But I do not believe this is going to happen because I for one do not believe in the whole Suay Chin Chinese connection storyline.

[mhin2] 12/3/2017 19:38

PWhite, I am never 100% certain, been burn too often. However if Suay Chin take 100% under offtake agreement then surely they would just take-over...I hope there is a bidding war, and we should not necessarily hope that suay chine should get a dominant holding....after all we dont want to be taken out on the cheap if all goes well.

[pwhite73] 12/3/2017 19:25

mhin2 - "sujja, lets see what the results from drilling and due diligence are"

The results from the drilling will be spectacular and proof that the Bougouni Project is a commercial concern. That I am 100% certain of.

The success of the due diligence will be determined by how far up you guys chase the stock. If it hits 1p in the next 45 days as many here have suggested then of course there is going to be announcement that Suay China taken their 20% stake at 0.38p.

In the RNS KOD stated they already have the authority to issue the shares required to meet a placing to the value of £4.3 million.

[mhin2] 12/3/2017 19:21

lets see how this plays out, and lets have a few surprises thrown in from Newcrest and Resolute. Perhaps will do the same at kod. Seems to me that if Kod has battery grade lithium they will be at the right place at the right time...massive ramp up in lithium batteries underway. I really liked the Bravado of Musk in offering Australia a battery based future for their energy needs in 100 days, or its done for free. Musk really trying to get orders to ramp up production at the gigafactories. Seems to me billions are being spent on lithium based energy solutions. However, I am not a scientist/engineer, and battery grade lithium would be essential. Nevertheless the fact that there is Chinese interest around Bougouni would seem to indicate that the grades are right. Am I correct in believing that KOD has a larger area, and potential resource than Biriimian....possibly why their deal fell through.

[equity growth] 12/3/2017 18:49

Yes that's an interesting scenario. Prove up the resource (by mid year according to interview) and then sell on to the highest bidder. Win, win all round. Either way KOD's soon to be largest shareholder hasn't come just for the beer. It's a follow the money situation plain and simple. Can't really blame them over BGS when KOD was so close lol.

[mhin2] 12/3/2017 18:13

sujja, lets see what the results from drilling and due diligence are, and lets see if anyone else comes knocking on the door. It will be the latter that will indicate the potential.

[shujja1] 12/3/2017 16:40

This will get taken over soon at a very high price ones the Chinese have done they home work they are not going to hold 20% no way a take over.
in the Far East they is a old saying let me though the door I will find a place to sit down .

[john2017] 12/3/2017 16:13

The more people feed this troll with replies , the more extreme reasoning he will give to satisfy his agenda.Better off he is ignored as he is not to be taken seriously.