ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

KOD Kodal Minerals Plc

0.545
0.00 (0.00%)
Last Updated: 07:38:17
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kodal Minerals Plc LSE:KOD London Ordinary Share GB00BH3X7Y70 ORD 0.03125P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.545 0.53 0.56 0.545 0.545 0.55 12,461,223 07:38:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 0 -1.46M -0.0001 -54.00 109.3M
Kodal Minerals Plc is listed in the Misc Nonmtl Minrls, Ex Fuels sector of the London Stock Exchange with ticker KOD. The last closing price for Kodal Minerals was 0.55p. Over the last year, Kodal Minerals shares have traded in a share price range of 0.275p to 0.75p.

Kodal Minerals currently has 20,241,116,260 shares in issue. The market capitalisation of Kodal Minerals is £109.30 million. Kodal Minerals has a price to earnings ratio (PE ratio) of -54.00.

Kodal Minerals Share Discussion Threads

Showing 3876 to 3896 of 30275 messages
Chat Pages: Latest  167  166  165  164  163  162  161  160  159  158  157  156  Older
DateSubjectAuthorDiscuss
02/6/2017
08:10
2 weeks ago the drill rig was currently completing the follow-up drilling at the Sogola-Baoule prospect prior to returning to Ngoualana to begin further extension and infill drilling where there is a continuous unit extending for over 500m of strike and greater than 200m in depth, with the prospect remaining open in all directions. 19 assays were awaited from Ngoualana.....
thelung
01/6/2017
18:33
Money still coming Suay Chin still honouring the agreement . Current funds should more than suffice the completion of the maiden Jorc report,expected imminently...Mr K
mrkeysersoze
01/6/2017
18:33
Kodal Minerals plc

('Kodal Minerals' or 'the Company')



Update re Equity Subscription Agreement



Kodal Minerals, the mineral exploration and development company, provides an update to its announcement of 8 May 2017 regarding the finalisation of an equity subscription agreement (the "Subscription Agreement") with Singapore-based Suay Chin International Pte Ltd ("Suay Chin") for a second share placing to invest up to £4.3 million in the Company by way of a subscription for up to 1,138,227,978 ordinary shares ("Subscription Shares") at £0.0038 per share (the "Subscription Price") in two tranches (the "Subscription").



The first tranche of the Subscription for £3,300,000 was completed with the admission to trading on AIM of 868,421,052 Subscription Shares on 12 May 2017.



Under the terms of the Subscription Agreement, the second tranche of the Subscription for £1,025,266 should be completed by 2 June 2017 or such later date as the parties agree, but not later than 31 July 2017. Suay Chin has advised the Company that it intends to honour its subscription in full by the deadline of 31 July 2017 but has requested, and the Company has granted, an extension to 31 July 2017 for completion of the Subscription. Further update announcements will be made by the Company once the Subscription has completed.

cpap man
01/6/2017
18:05
More of an A*S* SOLE as we are all here to make a few SQUID whilst J_J appears to be CAUGHT between a ROCK and a hard PLAICE
cpap man
01/6/2017
17:53
James_jones - man with a tortured SOLE?
dmitribollokov
01/6/2017
17:29
A name change, is that what you're herring?
goneawol
01/6/2017
17:21
I hope the company renames itself soon to put an end to these ludicrous, repetitive
puns

james_jones
01/6/2017
17:16
Lol, yes 12bn and 12bm, very sad individuals indeed.
thehitman1
01/6/2017
15:50
Understood. Sad.
10p here we come
01/6/2017
15:44
12bm1 Jun '17 - 11:55 - 2828 of 2836 0 0 (Filtered).///// Please ignore 12bm he is my pet stalker,he has changed an N for an M and surprisingly enough it is enough to fool some folk. I don't post here much any way,so I don't know why he has bothered,obsession I suppose.
12bn
01/6/2017
15:17
No, but I ROE the day every time I forget to topslice a bit of fillet
runthejoules
01/6/2017
14:58
Come now Joules, do you SERIOUSLY think the share price will move in only one way?
10p here we come
01/6/2017
14:42
I know I forkodt to put any puns in
runthejoules
01/6/2017
14:30
rtj you are one boring KOD
cpap man
01/6/2017
13:10
Oh ffs should really have topsliced at 0.35, but WHO'S TO KNOW? Thought the sellers had gone! JORC is coming ffs!
runthejoules
01/6/2017
12:15
You looking in the mirror again?
on target
01/6/2017
11:55
This looks awful.
12bm
01/6/2017
11:49
Time to get the fishing rod out again!
on target
01/6/2017
07:37
TVR 450 SEAC
dingo75
01/6/2017
07:31
12bn,Companies must release a TVR RNS at the end of the month (hence yesterday) if there has been a change in the TVR.
on target
01/6/2017
07:26
Is this likely to be the reason for last nights irrelevant RNS I wonder?///////RNS Number : 3968E

Kodal Minerals PLC

08 May 2017

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

8 May 2017

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

Finalisation of Equity Subscription Agreement & Off-Take

Kodal Minerals, the mineral exploration and development company focussed on West Africa, is pleased to announce that following the initial subscription announced on 10 March 2017, it has finalised the equity subscription agreement with Singapore-based Suay Chin International Pte Ltd ("Suay Chin") for the second share placing to invest up to GBP4.3 million in the Company in two tranches (the "Subscription Agreement"), with the first tranche of GBP3.3 million already received (the "Subscription"). In addition, the parties have entered into a binding term sheet (the "Off-take Term Sheet") in relation to the terms on which the parties will negotiate an extended off-take agreement for between 80% and 100% of the spodumene product produced at the Company's Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project") for a period of three years, an increase from the 20% of production previously announced.

Highlights

-- Following the initial subscription of GBP0.5 million as previously announced, a further Subscription Agreement for up to GBP4.3 million finalised with Suay Chin. The first instalment of the additional subscription of GBP3.3 million has been received by the Company with the balance expected to be received shortly

-- Kodal Minerals is now well funded and supported to expand the exploration and development programme at Bougouni

-- Kodal Minerals and Suay Chin have entered into the Off-take Term Sheet to provide the basis of an extended off-take agreement for between 80% and 100% of the spodumene product produced at the Project for a period of three years

-- Negotiation of the extended off-take agreement to commence following the completion of a scoping study for the Project

-- Kodal Minerals will collect a bulk sample for shipment to allow assessment of the mineralisation characteristics to assist in determining future treatment plant requirements

-- Suay Chin has director appointment rights for so long as it holds more than 12% of issued share capital of the Company and is expected to appoint a director in the near future

-- Suay Chin has entered into a relationship agreement to govern its relationship with the Company and a lock-in agreement where it is unable to dispose of any shares in the Company for 12 months and must adhere to orderly market principles for 12 months thereafter

Bernard Aylward, CEO of Kodal Minerals, said: "We are very pleased to welcome Suay Chin as a major shareholder of Kodal and we share the enthusiasm of our partner for the Bougouni Lithium project as well as the opportunity to work together to move rapidly towards development of the Project. The investment by Suay Chin leaves us well funded and will enable us to focus our efforts on the exploration, metallurgical testing, resource estimation and future development of Bougouni. We are also delighted to be negotiating an extension to our off-take agreement with Suay Chin for up to 100%, increased from the 20% originally agreed, of the spodumene product produced at Bougouni. This off-take agreement is expected to be finalised following the completion of a scoping study. I look forward to providing further updates at this exciting time for Kodal Minerals."

Further Information on the Subscription Agreement

Following completion of the original GBP500,000 placing announced on 10 March 2017, Suay Chin has now successfully completed a period of due diligence on the Project, which included conducting site visits, preliminary metallurgical testing and confirmation of geology at Bougouni. As a result, Suay Chin has conditionally agreed to subscribe for up to 1,138,227,978 ordinary shares of GBP0.0003125 each ("Ordinary Shares") in the share capital of the Company (the "Subscription Shares") for up to GBP4,325,266 pursuant to the Subscription Agreement.

The Subscription Agreement will be completed in two tranches. The first tranche involves the subscription for 868,421,052 Subscription Shares at GBP0.0038 per share (the "Subscription Price") for GBP3,300,000, which has been received by the Company. As a condition of the Subscription Agreement the Company has also entered into the Off-take Term Sheet and a relationship agreement and a lock-in agreement, further details of which are set out below. The Subscription Agreement is also conditional on admission of the Subscription Shares to trading on AIM ("Admission"). Application will be made to the London Stock Exchange for Admission of the first tranche of Subscription Shares and such Admission is expected to become effective on 12 May 2017.

The second tranche of the Subscription involves the subscription for a further 269,806,926 Subscription Shares, also at the Subscription Price, for GBP1,025,266, which is expected to be received in due course. The second tranche is subject to certain further conditions including completion of the first tranche and Admission of such Subscription Shares becoming effective by 2 June 2017 (or such later date as the parties agree being not later than 31 July 2017).

12bn
Chat Pages: Latest  167  166  165  164  163  162  161  160  159  158  157  156  Older

Your Recent History

Delayed Upgrade Clock