Kodal Minerals Share Discussion Threads

[cpap man] 13/3/2017 16:08

Think that the circa 126M and 174M are late reported trades from Friday?

[1he calculator] 13/3/2017 16:08

It should go now, the trades are shown now.

[donald trumpton] 13/3/2017 16:08

Much better to Buy KOD this side of 1p. Mind you, beyond that, averaging up will have to done I expect!

[1he calculator] 13/3/2017 16:06

300M vol in 2 trades?

124M and and 174M

[thehitman1] 13/3/2017 15:52

quite a few 1 codes??.

[cpap man] 13/3/2017 14:30

Yes absolutely E G reference POST 1612

Circa 2X more LITHIUM licences to start with....look Aussie listed BGS are good but AIM listed KOD are better which is why i think that the CHINESE dropped BGS for now to concentrate on KOD!!!!

This is going to be seriously WORLD CLASS!!!!

[equity growth] 13/3/2017 13:33

Hasn't KOD got a greater potential?http://www.birimiangold.com/pdfs/HartleysScopingStudyEnvisagesA1MtpaOperation.pdf

[mostro] 13/3/2017 13:33

Got more at an amazing .317,,, wow!

[cudmore] 13/3/2017 13:24

All the sells since 12.30 and the price doesn't budge. Could we see these take off big time on any buying?

[760il] 13/3/2017 12:39

Took nearly 3m today.

Cross fingers

[donald trumpton] 13/3/2017 12:10

.4p by Friday don't forget..

Minimum.

[donald trumpton] 13/3/2017 12:02

Pull back time means LOAD UP time!

[equity growth] 13/3/2017 12:00

Some very good posts again today for which thanks.There is some quite good broker research appertaining to BGS which could quite easily translate to KOD although the numbers would likely need to be upgraded. The gist of it being that these Mali prospects are indeed commercially viable in the opinion of the author. I will try to dig some of it out and post when time permits.

[dreamtwister] 13/3/2017 11:55

tight lines

[dr jekyll] 13/3/2017 11:39

Thanks from me too Mr K as a new investor here.

[donald trumpton] 13/3/2017 11:02

It's a gift.

[qs99] 13/3/2017 10:46

I am sure someone has already pointed it out, but ...ahem,....KENV also doing nicely and first Lithium JORC due out before Jun 17....DYOR

[kcowe] 13/3/2017 10:43

Lots of accumulation occurring at this level.... by looking at the late reported trades

[shujja1] 13/3/2017 09:52

Very good Mr k well said Hats off

[thelung] 13/3/2017 09:51

Bonjour Mr. K

[flashheart] 13/3/2017 09:49

A very thorough and informative evaluation Mr K. Thanks for such useful input.

[mrkeysersoze] 13/3/2017 09:42

KOD & Birimian Mining Chinese Interest in Mali Lithium assets timeline

3rd January 2017 Shandong Mingrui Group make an offer to acquire a 100% interest in ASX listed Birimian Mining (BGS) Bougouni Lithium Project in Mali for a total cash consideration of $107m AUD (£65m)



One of the conditions that the LOI (Letter of intent) required was that Mingrui paid a non-refundable deposit of $10.75m AUD to BGS. The deposit of $10.75m AUD was required to be paid by 20th January 2017, this transaction did not complete, and on the 23rd January 2017 a termination of the LOI was announced citing the following reason;

{Due to increasing regulatory protocols on the transfer of funds from China, the deposit was not received when due, and the LOI agreement has been terminated.}



The Mingrui deal would have needed to seek Birimian shareholder approval and having followed the Hot Copper Bulletin Board in Australia the consensus gained was that shareholders would not vote in favour of the deal as it was deemed to be at a heavily discounted value.

19th January 2017 a new company named SUAY CHIN INTERNATIONAL PTE. LTD. Was formed in Singapore. The formation of SUAY CHIN was to allow a way in which to circumnavigate around the Chinese restrictions & regulatory protocols of transferring money out of China. The initial incorporation of SUAY CHIN on the 19th January 2017 was 4 days prior to the Birimian announcement on the 23rd January 2017, therefore one can conclude that Mingrui at this juncture had realized that in order to secure early stage lithium assets out of China a special vehicle i.e. SUAY CHIN was required.

1st March 2017 SUAY CHIN becomes a live company



10th March 2017 SUAY CHIN [ultimately Mingrui] who are closely related and offer strong support to SUAY CHIN take part in a placing of £500,000 @ a price of 0.0030p a premium of 30% to the prevailing KOD share price. This transaction assigned 166,666,667 shares to SUAY CHIN and a place on the major shareholder list with 3.09% of the issued share capital.

Following on, SUAY CHIN have further agreed upon completion of due diligence, to invest another £4.3m at a subscription price of 0.0038p a 65% premium to the prevailing share price prior to announcement.

{The Company and Suay Chin have agreed to commence negotiations immediately for an off-take agreement over 20% of the spodumene concentrate to be produced from the Project, with potential for this to increase to 100% at a later date.}

If SUAY CHIN complete the second stage of the Off Take & £4.3m Strategic Investment, KOD will find itself in such a position that all future expenditure moving forward to reach primarily the Maiden JORC resource followed by the Feasibility reports will be fully funded. Once the feasibility reports have been released the funding for the commencement of mining and funding of the mining operations will be a done deal as Mingrui will have secured a minimum of 20% of all production to a maximum of 100% production assuming no further off take agreements or offers materialise in the near future, or KOD accept an offer and sell outright.



Both SUAY CHIN & KOD must be eagerly awaiting the imminent trench sampling & drilling results in order to progress the negotiations towards concluding the deal with a minimum off take agreement of 20% of future production.

A floor in the KOD share price has been cemented at the most recent placing price of the 0.0030p whilst we await news on all KOD’s assets primarily from Bougouni and not discounting the gold JV’s.

The major benefit of the completion of the negotiations and securing of the Off Take agreements and securing a further £4.3m is that in doing so Mingrui wish to be a long term partner and shareholder in KOD at this juncture they would be holding 20% of the total share capital, assuming they had not been purchasing any further stock in the open market. It would not take much for Mingrui to reach a 30% holding in Kod and therefore cause the triggering of an offer for the entire share capital ( think Pelamis currently 9% or either of the Tetra entities) as potential fastrack options to secure sufficient stock for a takeover. If Mingrui simply retain their 20% interest in KOD as a long term Off Take player. I think it is more than fair to assume they will not be selling any of their stock which would total 1,298,245,614 shares.

Whichever way you look at recent developments it's fair to assume KOD is in a very strong position even before Bernard Aylward releases any further drilling upgrades, all in all a very bright future in a fast growing Lithium market and one with which I intend to hold for some considerable time {assuming none of the above} takeover scenarios transpire.

Mr K.

[donald trumpton] 13/3/2017 09:24

Oh I know.