Kodal Minerals Share Discussion Threads

[mrkeysersoze] 15/3/2017 09:57

There you go......

Kodal Minerals PLC Holding(s) in Company
15/03/2017 9:55am
UK Regulatory (RNS & others)

TIDMKOD
RNS Number : 5133Z
Kodal Minerals PLC
15 March 2017


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
---------------------------------------------------------------------------------------------

1. Identity of the issuer or Kodal Minerals plc
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
----------------------------------------------------------- --------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
---------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights X
--------------------------------------------------------------- ----------------------------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
--------------------------------------------------------------- ----------------------------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
--------------------------------------------------------------- ----------------------------
An event changing the breakdown of voting rights
--------------------------------------------------------------- ----------------------------
Other (please
specify):
---------------------------------------------------------- --- ----------------------------
3. Full name of person(s) Pelamis Investments Limited
subject to the
notification obligation:
(iii)
----------------------------------------------------------- --------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
----------------------------------------------------------- --------------------------------
5. Date of the transaction 13 March 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- --------------------------------
6. Date on which issuer 14 March 2017
notified:
----------------------------------------------------------- --------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 3.15%
----------------------------------------------------------- --------------------------------



8. Notified details:
--------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
--------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction

if possible
using
the ISIN
CODE
------------- ---------------------------------- -----------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
------------- ---------------- ---------------- -------------- ---------------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------ -------------- -------------- ------------ ------------ -----------
GB00BH3X7Y70 469,575,760 469,575,760 169,575,760 169,575,760 3.15%
---------------- ---------------- -------------- -------------- ------------ ------------ -----------


B: Qualifying Financial Instruments
--------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- -------------- -------------------------------- ------------------------------ ---------------------


C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
--------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- -------------- -------------- ---------------- ------------------------------ -----------------------
Nominal Delta
--------------- -------------- -------------- ---------------- ------------------------------ ------------ ---------


Total (A+B+C)
--------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- ---------------------------------------------------------------------
169,575,760 3.15%
--------------------------------------------------- ---------------------------------------------------------------------



9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
----------------------------------------------------------------------------------------------


Proxy Voting:
----------------------------------------------------------------------------------------------
10. Name of the proxy holder:
------------------------------------------------------------- -------------------------------
11. Number of voting rights proxy
holder will cease
to hold:
------------------------------------------------------------- -------------------------------
12. Date on which proxy holder will
cease to hold
voting rights:
------------------------------------------------------------- -------------------------------


13. Additional information: Calculated using total voting
rights of 5,386,254,850
------------------------------------------------------------- -------------------------------
14. Contact name: Linda Dowding
------------------------------------------------------------- -------------------------------
15. Contact telephone number: 01481 720581
------------------------------------------------------------- -------------------------------


This information is provided by RNS
The company news service from the London Stock Exchange
END

Mr K.

[greatfull dead] 15/3/2017 09:50

TheLung

Yea ????????

ATB,
GD

[edgein] 15/3/2017 09:49

Tiggy has went mental!

Regards,
Ed.

[thelung] 15/3/2017 09:46

39m trade at 32.9 - buy?

[tel11] 15/3/2017 09:46

WOW - was that a 39m buy @.329

[equity growth] 15/3/2017 09:20

Shhh, she's Burmese but you didn't hear that from me.

[edgein] 15/3/2017 09:18

Barry,

I hadn't realised Tiggy was buying too. Perhaps Tiggy likes good grades, ya jut never know these days. Since the trenching of the new targets are coming in with good grades there's high hopes for the RC holes. Well done to Tiggy as he/she has sniffed out one of the lowest capped lith companies around. Is he/she Siamese or Singaporean? Old Ed here didn't buy these for Tiggy, Chinese, Singapore, but simply for accelerated drilling of large lithium targets and a near term maiden JORC, good high grade gold assets too are just a bonus.

Regards,
Ed.

[donald trumpton] 15/3/2017 09:10

PWhite. I have read your posts. You have a grudge against this company. You are not here constantly, trying to help anyone.

Why bother? You could spend your time more profitably on other companies and prospects, of which there are thousands and thousands.

But you focus on denigrating just one, this one.

I welcome free speech, and it comes in all shapes and sizes, but really, can you think of nothing better to do with your life and the time you have left?

[pwhite73] 15/3/2017 09:08

Now why would Pelamis want to be out at this price when everybody including Tiggy the cat knows this is heading for the clouds?.

Speak Later.

[mrkeysersoze] 15/3/2017 09:01

I would expect to see a TR1 holdings RNS very soon....Once the market know Pelamis are completely out, this will be the signal many have been waiting for imo.Mr K.

[pwhite73] 15/3/2017 08:40

Over the weekend I offered my personal view of what I think is going on. I could be wrong but I am so pleased to see not everybody thinks so.

We have now entered what you can call the LGO phase. This is a phase where a natural resource company gets to the point where investors are tired of hearing of positive test results. No amount of positive results can lift the share price. Investors now want to read of sales or near term sales. This isn't going to happen here for a while if at all.

Something else you will all need to bear in mind. Suay Chin's 3.09% holding at 0.30p is now under water. The plan has not worked so far.

Be careful

[edgein] 15/3/2017 08:35

Shujja,

Good man, you should get a few bags on those in relatively short time with the accelerated drilling programme. The company is keen to prove up as much as possible in the few months running up to the JORC. Singapore has just another 10 days left on the DD for phase 2 before they can pay up or ask for another short extension. In the mean time exploration continues.

"Drilling has now commenced at the high-grade Sogola-Baoule prospect and, once completed, as part of our accelerated development schedule, drilling will commence immediately thereafter at the priority Ngoualana prospect."

Whether or not Singapore take up more cheapuns we're gonna get lots more assays and that JORC. As 760 points out VWAP has been rising over the last 6-7 weeks, it'll be interesting to see what happens to it over the next 6-7 weeks. With lithium basically at surface in places its a low drilling cost and likely low extraction cost asset with exceptionally good grades.

Regards,
Ed.

[shujja1] 15/3/2017 00:27

Lol in a Fashion ED about 7 million mate holding tight as always .

[760il] 14/3/2017 19:57

Rinse and Repeat ops here. One of these days it will not happen, market will absorb the shs, they will have to buy more expensive if they to stay in cod.

What's more important VWAP for last 6-7 weeks is moving up with massive churning at higher price.

[edgein] 14/3/2017 16:33

Shujja,

Long time no see chap, hope you're keeping well. I guess you've got yourself some KOD?

Regards,
Ed.

[runthejoules] 14/3/2017 15:55

Should have stayed out till Pw Lamia was confirmed out - hoping the stock will be a bit more sticky afterwards. Till then no more chips for kod

[cpap man] 14/3/2017 15:20

Reckon that is the remaining sub 3% holding of Pelamis?!?!?

[donald trumpton] 14/3/2017 15:11

No don't sell anything. Just Buy the dips.

Average Up, average Down. Just do it!

[thelung] 14/3/2017 15:07

There's still a persistent seller putting through round million trades

[runthejoules] 14/3/2017 14:42

So pretty much sell in the morning, buy at support every day, rinse and repeat...?

[cpap man] 14/3/2017 13:33

Kodal Minerals* (LON:KOD) 0.33p, Mkt Cap £17.4m – Exploration update from the Bougouni lithium project

• Kodal Minerals reports that it’s trenching programme on the Bougouni lithium project in southern Mali has encountered a number of high grade lithium intersections.

• The trenching programme comprised 14 trenches totalling 862m, however 5 of the trenches were not sampled “due to extreme weathering”

• Among the results highlighted by the company are:

o 27m at an average grade of 1.38% lithium oxide in trench MDTR005 at the Sogola-Baoule prospect;

o 10m at an average grade of 1.67% lithium oxide in trench MDTR002 at the Filon B prospect; and

o 6m at an average grade of 1.61% lithium oxide in trench KLTR007 at the Orchard prospect

o The work at the Sogola-Baoule prospect, reported above, “outlines an extensive outcropping spodumene rich pegmatite vein with a current strike length exceeding 200m”. Spodumene in a lithium bearing silicate mineral and one of the principal lithium ore minerals.

o The company has also announced that it has started a programme of reverse-circulation drilling at the Sogola-Baoule prospect “planned to target extensions to the excellent results returned from the Ngoualana prospect as well as complete reconnaissance testing of these new priority targets”.

o As well as the trenching results, Kodal Minerals also reports that it has obtained “High-grade rock chips up to 2.52% Li2O returned from pegmatite samples at the newly defined Boumou prospect and trenching confirms extensions of pegmatite”.

Conclusion: We welcome the start of the reconnaissance drilling programme at Sogola Baoule and look forward to results which may provide an initial indication of the scale, geometry and scope of the mineralisation.



SP ANGEL STOCKBROKERS



*SP Angel acts as Financial Advisor and Broker to the company. Robert Wooldridge, a partner at share price Angel is also Chairman of Kodal Minerals.

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

Birimian Limited (ASX:BGS) A$0.29, mkt cap A$54.6m – Current phase of drilling at Goulamina lithium project in Mali completed

• Birimian reports that, following the completion of its latest drilling programme at the Goulamina lithium prospect in Mali as reported earlier this month, it has updated the estimate to a total of 27.8m tonnes of indicated and inferred resources at an average grade of 1.42% lithium oxide.

• Around 22% of the resource tonnage (6.2mt at an average grade of 1.40% is classified as indicated with the balance as inferred.

• A maiden resource estimate in October 2016 reported a resource of 15.5mt at an average grade of 1.48% of which 6.2mt was reported as indicated at an average grade of 1.40% - the same as in today’s estimate so we estimate that the current update represents an increase of approximately 70% in the contained lithium oxide - entirely as a result of an increase in the inferred part of the resource.

• The earlier estimate included results from 51 drill holes and today’s update brings in an additional 29 holes into the estimate. The company comments that “Approximately 65 holes were pending assay results at the time of the resource estimation and have not been included in the current estimate. These holes include some extensional drilling at Main and West Zone … Further resource expansion and resource category upgrades are likely when this drilling is included in a subsequent estimate which is expected in early May.”

• “Drilling at the Project has paused briefly while the company awaits assay results to undertake further detailed resource estimation work and other resource related technical studies. [and] The next phase of development drilling is currently being planned. This program will be designed to:

o Further upgrade resource categories

o Confirm geotechnical parameters for open pit mine planning

o Confirm plant, associated infrastructure, waste dump and Tailings Storage Facility locations”

Conclusion: Birimian’s updated resource estimate for Goulamina appears to be an interim report with a results from a further 65 as yet un-assayed drill holes to be incorporated in a more comprehensive estimate in May. The addition of these extra infill and extension holes is likely to both increase and firm up the resource classification. We look forward to the May estimate.



SP ANGEL STOCKBROKERS

[cudmore] 14/3/2017 13:29

Buying volume increasing.......should be back into blue territory soon

[tel11] 14/3/2017 12:54

couldn't sell 2285 shares bit earlier, now can sell over 3m @.3111