Kodal Minerals Share Discussion Threads

[edgein] 26/4/2017 09:03

Runthe,

Well when we were at 0.24p we almost hit 0.38p on the day of the announcement that they'd completed a placing at 0.3p. But who knows, lots of traders and small % profit takers around these days. They're now being replaced this morning by bargain hunters that read today's release and looked at the market cap here. The Chinese know they're getting an absolute bargain at 0.38p, that's before they had the high grade intersects at the two new discoveries too. The Chinese are shrewd, if they know its cheap at 0.3 and 0.38p then we know its really cheap. Lithium demand will overtake supply, now talk about electric car lanes in London too. 5-10 years from now electric cars are gonna be everywhere.

Regards,
Ed.

[runthejoules] 26/4/2017 08:53

The Chinese 0.38p accumulation won't itself send the share price to 0.38p though. That's what they have to pay to get so many. To pick up a few 1000 we won't have to pay so much. It may put a line underneath it at 0.34p maybe: Hanwa offtake has done with BCN. If I were them I'd be slowly accumulating via proxies on the open market now, to takeover %s. Buy the whole thing at a knockdown price of 1p like they're buying the whole of Africa!

[12bn] 26/4/2017 08:38

Plenty of good news to come,traders who sold on todays news will need to buy back in or risk losing out on a big rise. We all know the Chinese 0.38p accumulation is due at any time.

[cpap man] 26/4/2017 08:30

BUY RUMOUR SELL FACT but then BUY THE DIPS AS KOD ARE GOING TO GO SERIOUSLY NORTH [this will no doubt happen when you least expect it to happen!!!!]

KOD BLESS ALL YOU KODERS!!!!

[on target] 26/4/2017 08:20

Was anticipating slicing a few at 0.45 this morning!

[on target] 26/4/2017 08:19

It would be a good time to do so mrjackpot, there's a few misguided sellers around this morning. Quite ridiculous we can still buy below the Chinese initial investment price!

[runthejoules] 26/4/2017 08:19

Innit though Mike? I was looking for an opportunity to derisk a bit myself but decided that wasn't high enough. Still, sell the news, buy the selling of the news! Sure donaldtrumpton and cprampman will buy some more!

[113mike] 26/4/2017 08:14

And the share price goes down?

[mrjackpot777] 26/4/2017 08:06

I think I may dump my £50,000 scratchcard winning here for my propesrity fund . I do feel lucky so I am watching very closely

[edgein] 26/4/2017 07:55

Two new discoveries and lots more high grades. Progress being made with the Chinese too. That's the kind of RNS us folks at KOD like to see. And if that wasn't good enough the assays are still to come from the main discovery and they're expanding the drilling programme so lots more news to come too. I like the part about rapidly advancing the programme if they get that Chinese money.

Regards,
Ed.

[runthejoules] 26/4/2017 07:54

The drilling results sound like they could be more stellar but I like a drip-drip-drip of news and hope this will lead to a slow climb now there are no major sellers left. What do you predict?

[cpap man] 26/4/2017 07:50

That could well happen a lot sooner than you think NY Boy!!!!

My share price target for KOD during 2017 is for the KOD share price to go on and hit 3p+

[ny boy] 26/4/2017 07:46

Heading for 1p this year

[cpap man] 26/4/2017 07:45

What is there NOT to like?!?!?

[cpap man] 26/4/2017 07:23

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

26 April 2017



Kodal Minerals plc ('Kodal Minerals' or 'the Company')



High-Grade Lithium Mineralisation at Bougouni Project Confirmed by Assay Results



Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to announce that initial assay results have been returned from the exploration drilling programme currently underway at the Company's Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project"). The initial results are from the first-pass drilling at new prospects "Sogola-Baoule" and "Boumou" and confirm high-grade lithium mineralisation within the pegmatite intersections.



Kodal Minerals is also pleased to advise that the potential further investment into the Company of up to £4.3 million by Suay Chin International Pte Ltd ("Suay Chin"), details of which were announced on 10 March 2017, is progressing well. Suay Chin has informed the Company that it has satisfactorily completed its due diligence procedures and the parties are now negotiating the final terms of the investment agreements. Completion of the investment is subject, inter alia, to finalisation of the definitive agreements and further updates will be provided as soon as possible.



Highlights

· Initial assay results have confirmed lithium mineralisation at two new prospects.

· Sogola-Baoule prospect: results received for four of the five drill holes with significant mineralisation including:

o 9m at 1.84% Li2O from 186m;

o 11m at 1.65% Li2O from 131m; and

o 8m at 1.53%Li2O from 117m.

· Boumou prospect: results received for one of the six drill holes with significant mineralisation including:

o 10m at 1.61% Li2O from 50m; and

o 6m at 1.45% Li2O from 106m.

· Infill and extension drilling nearing completion at the Ngouanala prospect to target extensions to the high-grade lithium mineralisation following intersections of up to 1.85% Li2O in first phase drilling.

· The Company is extending the drill programme and will move back to the Sogola-Baoule prospect to begin immediate follow-up of the initial results reported above.



Bernard Aylward, CEO of Kodal Minerals, said: "These initial drilling results from the Boumou and Sogola-Baoule prospects are very exciting as they demonstrate the potential to define additional zones of high grade mineralisation which will complement the excellent grades and width of mineralisation previously intersected at the Ngoualana prospect. We are now starting to identify the key areas for follow-up and definition drilling that will underpin the future development of the Bougouni Lithium project. We are expecting to continue drilling for an extended period.



"Meanwhile, the current phase of drilling at the Ngouanala prospect is nearing completion with significant strike extensions confirmed and depth potential highlighted. Samples have been dispatched to the laboratory at regular intervals. As previously stated, the drilling at Ngouanala was planned to provide sufficient data to confirm mineralisation and define strike and depth extensions as well as highlight areas of high-grade mineralisation for future drill definition.



"Finally, we are progressing the investment agreement with our new strategic investor and off-take partner, Suay Chin, which could result in Suay Chin increasing its holding in the Company to 20%. The completion of the second stage placement will provide the Company with sufficient finance to expand the exploration and definition work at Bougouni and rapidly advance the Project."

[fission453] 26/4/2017 07:20

This is going to be massive.

[gymratt] 26/4/2017 07:18

All is good. ;@)

[brinks_matt] 26/4/2017 07:09

Wakey wakey! Chinese outfit completed their DD. Progressing with negotiating the details of the transaction.

[mrjackpot777] 25/4/2017 22:05

What's happening here. I won £50,000 on a scratchcard last Sunday and thinking of gambling it on some aim shares. I do not care about doing a do or die.


Don't know much about Kod though. Is news expected here?

[mathematica] 25/4/2017 19:09

On Target

Thanks for the VWAP computation. I altered the parameters for statistic calculation.

[runthejoules] 25/4/2017 18:09

You probably already know, but as you're interested in African rare earths, for vanadium etc, the stuff they need for mobiles, wind turbines etc, RBW is finally charging out of the post-IPO doldrums. Open cast mine, great management, Thyssenkrupp as take-offs already guaranteed, they reckon it should be actually producing middle of this year, pretty much just picking it up off the ground. GLA.

[cpap man] 25/4/2017 16:50

Been out for a lot of the day....it does look like an order[s] are still be filled in KOD prior to those MAJOR RNSs from KOD due shortly!

[its top up time] 25/4/2017 16:25

Of Course!!

[dingo75] 25/4/2017 16:25

negotiations with chinese aren't really negotiations
more like playing chess, with them already knowing the outcome
but sure it will be fine
they need this high grade lithium velly much