Kodal Minerals Share Discussion Threads

[oilbuy] 14/7/2015 09:03

2 M buy looks like a sell.

[oilbuy] 14/7/2015 07:43

Dan we are excepting exceptional grades and a potential strategic partner. Buyers returning and volume up !

[dan554] 13/7/2015 21:58

Oilbuy who is that question aimed at mate?.

Dan.

Also Stig maybe you are from a rival?. I will never know but again ofcourse I will make my own decision.

[oilbuy] 13/7/2015 11:18

Who's that behind you ?

[the stigologist] 13/7/2015 11:10

no it is a con

and with metal prices tanking this con will be bust soon

[dan554] 13/7/2015 11:02

I will read later mate as , I have to go out now, have a good day.

Dan.

[dan554] 13/7/2015 10:53

I did see this, But don't you think if Kodal does well and they sell it on in the future it could be worth a punt?

Dan.

[the stigologist] 13/7/2015 10:49

Is this what now constitutes stockbroking in the UK? A company valued at X on Monday has supposedly grown 4.4 fold by Thursday, with an expected gain from there of circa 50 per cent over the coming year. Oh and the real potential value is put at 44 times the float price.

Lucky holders at 0.7p are here. Aside from the Angel corporate holding of 5.2 per cent in Kodal, two Angel partners have 7.47 per cent apiece PA — Mark Wooldridge and John Mackay — and a third, David Facey, holds 3.21 per cent. Meanwhile, Ismail Emin Eyi, a co-founder of the broking firm, has 4.5 per cent.

So this little group of Angels — this concerned party — own almost 28 per cent of the stock.

No wonder the mining team at Angel (John Meyer, Carole Ferguson and Sergey Raevskiy) are fans.

——

Oh, Forgot to mention. Kodal is based at share price Angel’s lovely refurbished offices in Mayfair…

[the stigologist] 13/7/2015 10:49

Kodal Minerals (KOD LN) 0.77p, mkt cap £5.2m – First day of dealing for Kodal Minerals’ (phosphate) on AIM

BUY – Target price 3.1p short term, 4.5p on a 12-moth view

(Quick backstory here. This is from a “marketing communication” issued by London broker share price Angel and allegedly does not constitute investment advice. The broker raised £1m for Kodal on Monday at 0.7p a share and Angel itself owns 35m shares, or 5.2 per cent — all of which has been properly disclosed.)

Valuation:

The Kodal project had significant inherent value in DCF terms and relatively low risk in our view compared with many other mining projects.
Management’s DCF valuation less the capex gives $205m of value which should be risk adjusted to give a lower value today, though management’s price assumptions in this valuation do not appear to be high. The DCF value gives 31 pence per share of potential value. While we see the project as significantly de-risked dividing the DCF value by 10 gives 3.1 pence per share offering new investors very substantial upside to value if the project is permitted and financed.

[dan554] 13/7/2015 10:40

Stig why don't you elaborate?. Or just admit you are hanging around for the lowest possible entry point?.

Well if you are waiting you may get a little lower but really isn't worth the effort in posting here to think your voice will make a difference or anyone's voice.

Interested in your opinions though but please just add something worth reading.

All the best.

[oilbuy] 13/7/2015 10:33

Who's that behind you ?

[the stigologist] 13/7/2015 10:22

the FT articles about this con are worth a read

[oilbuy] 13/7/2015 09:50

buyers returning

[the stigologist] 07/7/2015 11:15

goodness where did rampers go

[the stigologist] 06/7/2015 10:38

looks headed sub a tenth Of a Penny

FT revelations about this being a con proving true

[pugugly] 03/7/2015 12:36

Reversal out of steam Falling back to the lows

The uberbear.

[oilbuy] 30/6/2015 06:39

News imminent !

[oilbuy] 26/6/2015 12:27

Lovely reversal !

[oilbuy] 26/6/2015 12:16

Dip bought !!!!

[oilbuy] 26/6/2015 09:00

Grades are supposed to be fantastic. But we will never know !

[pugugly] 26/6/2015 08:34

Further to above volunes in the market today and share price fall suggests driller might have decided to try and hedge as much as they can by selling (Thoughts ? )

[pugugly] 26/6/2015 08:30

Drilling contractors are under such pressure to obtain any work the fact that they are prepared to take paper has minimal significance - They are (imo) taking a gamble on the resourse becoming viable to give them their profit having (i suspect) caculated on breaking even on the cash element.

The uberbear.

[oilbuy] 25/6/2015 11:52

Drilling contractor happy to take shares at a premium. 23 June 2015Kodal Minerals plc("Kodal Minerals" or the "Company")Issue of shares to drilling contractorKodal Minerals, the mineral development and exploration company owning extraction and exploration licences in Norway, announces that it has issued 26,570,886 new ordinary shares of 0.03125 pence each ("Ordinary Shares") at a price of 0.158 pence per Ordinary Share to its drilling contractor as part payment under the drilling contract.The contractor was engaged to undertake a 2,000 metre drilling programme at the Grimeli Project. The drilling has now been completed and this share issue represents the second share payment under the drill contract. A further and final share payment will be made in due course.

[zed2002] 25/6/2015 11:45

Looks like news on its way