Kodal Minerals Share Discussion Threads

[equity growth] 28/3/2017 21:37

Asia Tesla Tencent self-driving ChinaChinese internet giant Tencent buys 5% of TeslaPosted 7 hours ago by Jon Russell (@jonrussell)Next StoryTencent, Asia's second highest valued tech firm, has bought a five percent share in Tesla. According to a filing, the Chinese firm scooped up 8,167,544 shares for around $1.7 billion to become one of Tesla's largest shareholders.The news itself sent Tesla's share price up three percent in pre-market trading. The purchase was arranged on March 17, and those now-Tencent-owned shares are worth around $2.2 billion at current market value.Tencent is a prolific investor. It holds equity in Snap, this year's hot tech IPO, among others following an early investment. While that interest in messaging makes sense since Tencent's operates China's dominant chat app - WeChat - it isn't immediately clear whether the Tesla investment has strategic undertones. Others in its portfolio include Didi Chuxing, China's largest taxi on-demand service, which is in the process of buying Uber China and recently launched a U.S.-based research lab.Disclosure of this investment comes after Tencent made a series of announcements around its artificial intelligence efforts. The firm poached a senior machine learning researcher from rival Baidu to staff its China-based AI research lab. Google's AlphaGo, of course, made headlines when it defeated an ex world champion of the ancient Asian strategy game last year.Elsewhere, Tencent last week led a $350 million investment in popular photo sharing and video streaming app Kuaishou, which we previously reported is aiming to go public in the U.S. as soon as this year.Tencent just had a record year of revenue growth after it reported total sales of $21.9 billion for 2016. That figure was up 48 percent, representing the company's highest revenue jump since 2012. Net profit for the year increased by 43 percent to reach $5.9 billion.FEATURED IMAGE: DARRELL ETHERINGTON

[edgein] 28/3/2017 17:34

They sure are lining up their ducks, should have some drill results and potentially some assay results to help those Singapore chaps make their mind up by late April. Could get initial drill results from this second round or drilling any day.

Regards,
Ed.

[thelung] 28/3/2017 17:10

TheLung 27 Mar '17 - 15:50 - 1818 of 1836 3 0 Edit
0.25 - 0.26 SHOULD be the bottom

__________________________________-

Hopefully that was the bottom today

[skiboy10] 28/3/2017 16:23

I got some TOM sauce today to go with the tasty KOD and chips last week.

[berber1] 28/3/2017 16:17

Chinese company invest 5% in TESLA ( Announced in Bloomberg this afternoon). Interesting for Lithium Market.

[cpap man] 28/3/2017 16:15

Drilling news next week?!?!?

Corporate news the following week?!?!?

[cudmore] 28/3/2017 16:08

Ticking up nicely

[little rascal] 28/3/2017 16:05

BUy and Keep buying to 0.5p.

Then hold for take out at 1.4p.


Good premium KOD is expensive stuff.

[12bn] 28/3/2017 10:31

I am so glad that you learned to read TheLung,how is your kibo doing?

[thelung] 28/3/2017 08:23

10 March 2017 was the date KOD completed a £500,000 placing of 166,666,667 new ordinary shares of 0.03125 pence each

They then 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.

The agreement allowed Suay Chin a period of 30 days from 10 March to undertake due diligence on the Company and the Project, including conducting site visits, preliminary metallurgical testing and confirmation of geology.

Following the initial 30 day due diligence period and if successful, they are contemplating a second share placing within a further 15 days (or 30 days with Kodal's consent) at a price of GBP0.0038 per share which is expected to result in a further cash investment of approximately GBP4.3 million.

The initial 30 day period expires a week on Sunday so expect some form of announcement on Monday 10th April

[12bn] 28/3/2017 08:17

It is anticipated that this will require the issue of an additional 1,138,227,978 ordinary shares in the Company ("Second Placing Shares"). An issue price of GBP0.0038 per share has been agreed for the Second Placing. The Second Placing Shares will be issued within the Company's existing share allotment authorities and represent approximately 17.45% of the Company's issued share capital as enlarged by the issue of the Second Placing Shares.

[cudmore] 28/3/2017 07:55

Why next week?

[cpap man] 28/3/2017 07:30

Next week!!!!

[cudmore] 28/3/2017 07:29

Cpap man

When is this going to take off then?

[runthejoules] 27/3/2017 21:48

Nah, it's falling because I own it. :-(

[cpap man] 27/3/2017 21:30

chipperfrd27 Mar '17 - 09:33 - 2814 of 2817 1 0

Perhaps there is a degree of 'end-of-tax-year' portfolio adjusting going on. It is fairly normal on the LSE at this time of the year. If so, it will all end soon.
Chip

[equity growth] 27/3/2017 18:38

Officially they still hold over 3% as per their last RNS.

[runthejoules] 27/3/2017 17:17

How do we know whether Pelamis have *any* shares left since they went under 3%? Are they definitely, completely out now? What impatient holders are selling now? Always darkest before the dawn...

[thelung] 27/3/2017 15:50

0.25 - 0.26 SHOULD be the bottom

[thelung] 27/3/2017 15:50

Try buying 166,666,667 shares on the open market :-)

[runthejoules] 27/3/2017 15:30

Suay Chin would be better off buying on the open market now...