Kodal Minerals Share Discussion Threads

[on target] 01/6/2017 11:49

Time to get the fishing rod out again!

[dingo75] 01/6/2017 07:37

TVR 450 SEAC

[on target] 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.

[12bn] 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).

[on target] 31/5/2017 19:17

Breakout of what bigtee?

[bigtee123] 31/5/2017 19:03

I thought this was going to breakout today!

Ray... Thanks mate ;-)

[skiboy10] 31/5/2017 18:18

Kodal Minerals PLC Total Voting RightsSource: UK Regulatory (RNS & others)TIDMKODRNS Number : 7210GKodal Minerals PLC31 May 2017Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining31 May 2017Kodal Minerals Plc('Kodal Minerals' or 'the Company')Total Voting RightsKodal Minerals, the mineral exploration and development company, announces that the issued share capital of the Company at the date of this announcement comprises 6,254,675,902 ordinary shares of 0.03125 pence each, with one voting right per share ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. The total number of Ordinary Shares and voting rights in the Company is therefore 6,254,675,902.The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.For further information, please visit www.kodalminerals.com or contact the following: Kodal Minerals plc Bernard Aylward, CEO Tel: +61 418 943 345 Allenby Capital Limited, AIM Nominated Adviser Tel: [phone] Jeremy Porter/Nick Harriss/Liz 5656 Kirchner share price Angel Corporate Finance LLP, Financial Adviser & Broker Tel: [phone] John Mackay 0470 St Brides Partners Ltd, Financial PR Tel: [phone] Lottie Brocklehurst/Megan Dennison 1177 This information is provided by RNSThe company news service from the London Stock ExchangeENDTVRFMGFKZMRGNZM(END) Dow Jones NewswiresMay 31, 2017 12:00 ET (16:00 GMT)

[dingo75] 31/5/2017 17:44

The Chinese will likely make an offer to buy em out long before production, they like to control things and this kind of project is very scarce. it might even attract a north american company.
looking very good to get to new highs over the coming months.

[rayg4] 31/5/2017 17:00

bigtee23, fishing for compliments? Good... you've landed a big green tick from me so I'll stop carping now.

[goneawol] 31/5/2017 16:59

Pleuronectiformes

[skiboy10] 31/5/2017 13:48

From lseToday 12:35 Price: 0.34goodflyingduck 1,813 postsProspectsJust throwing some thoughts out there for discussion. IMHO SC/MC will finance the project through to production. Were they to recover their costs over the three year life of the OTA that would require only a modest output of 50K/tpa @ $600/t. If, however, we achieve the same output as BGS (190K/tpa), Capex ($90m) will be recovered in 21 months using the same production costs as BGS ($326/t). During that while, we'll take 20% so that increases the repayment period to 25 months or so. Our 20% = 38Kt/pa = $13.8m/pa over that period. That would give us an MCap of $110m or £70m on a multiplier of just 8 - a tad over 1pps. Following that we'll go into a straight 50:50 split with SC/MC on the (190-38=) 152Kt/pa = $20.8m/pa +$13.8m/pa = $34.6m/pa = £21.9m/pa x 8 = £175m MCap = 2.6pps. Once the OTA is finished, we'll have the full amount. Suppose that, by that time, the price has fallen to $500/t. We'll then have $50m/pa = £31.7m/pa x 8 = £253m MCap = 3.8pps. These projections are extremely conservative; we know that 6% Li2O is selling well above 600/t and a multiplier of just 8 is modest. Re-work the figures at, say, $900/t and 10x and see what you come up with :-)

[mrkeysersoze] 31/5/2017 13:07

12m @ 0.034 from yesterday Mr K

[mrkeysersoze] 31/5/2017 13:01

Some chunky delayed trades, mainly buys appearing.... This is a similar pattern to January's rise.Mr K

[cudmore] 31/5/2017 12:23

A tight spread here. Reckon the MM's are trying to fill a large order

[bsg] 31/5/2017 11:56

Slowly winkle-ing out the weak holders.

[dmitribollokov] 31/5/2017 11:55

Just bottom fishing

[on target] 31/5/2017 11:25

Bunch of sharks the lot of them!

[cpap man] 31/5/2017 11:20

LOL....time to suck on a FISHERMANS FRIEND again?!?!?

[on target] 31/5/2017 11:19

MM's have got their drift-nets out again!

[cpap man] 31/5/2017 11:18

KOD now back to U/C [edit: actually very slightly down] but in a strong up trend so take advantage and BUY more KOD

[thehitman1] 31/5/2017 10:20

12bn, your valued response is required on the xtr board.

[cudmore] 31/5/2017 09:30

12bn

Lol well spotted. That would be the champagne breakfast getting me all excited!

[ny boy] 31/5/2017 09:02

All good here, good technical chart action, heading for 1p+ over the summer.