Kodal Minerals Share Discussion Threads

[mhin2] 12/3/2017 21:59

pwhite, Elon Musks offer to Australia, seems to me to starting a race

China Leading the Charge for Lithium-Ion Megafactories

[mhin2] 12/3/2017 21:52

however, somebody could have made a lot through the Birimian event, and they may be doing the same with KOD, after all a lot of chinese in Australia and the UK with connections to China, and it wouldn't be difficult to play this game...but a £500,000 purchase at a premium....that would be risky...lets see if there are shorts

[mhin2] 12/3/2017 21:50

our post crossed...so let me repost a reply to you

I also think that the regulatory argument not to be able to transfer funds was a ruse, after all Kod rapidly raised money and attempted to prove their resource as the Birimian deal was announced...although I think Kod would have known about it before.

[pwhite73] 12/3/2017 21:47

Yes there is flexibility but not in a case like this.



Birimian terminates sale of Bougouni Lithium Project to Shandong Mingrui

"The LOI was subject to a number of conditions, including Mingrui providing a $AUD 10.75 million cash deposit to Birimian by 20 January 2017. Owing 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."

Anybody who thinks Shandong are circumventing the Chinese government via a shadow company and broadcasting it via a UK RNS is gravely mistaken.

[mhin2] 12/3/2017 21:44

My ex wife was chinese from malaysia, and there were business connections between the Malaysian and mainland chinese in a manner that was mutually beneficial....but I dont reject your analysis. I also think that the regulatory argument not to be able to transfer funds was a ruse, after all Kod rapidly raised money and attempted to prove their resource as the Birimian deal was announced...although I think Kod would have known about it before.

[mhin2] 12/3/2017 21:41

pwhite, you may be right, but if you look at foxcom- a taiwanese company...and there were no direct flights allowed between taiwan and china, and one had to enter vis Hong kong, their CEO could take direct flights (of course Foxcon was significant in chinas export orientated strategy). My point is that regulatory enforcement is flexible..

[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.