Kodal Minerals Share Discussion Threads

[gunner71] 31/7/2017 08:02

cpap man why dont you set up a KOD group on twitter ??

[cpap man] 31/7/2017 07:59

The investments total circa £4.5M so far giving a near 19% holding in KOD and all the investments were made at a significant premium in share price terms.

From KOD's point of view what is there NOT TO LIKE?!?!?

[cpap man] 31/7/2017 07:57

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

31 July 2017

Kodal Minerals plc

('Kodal Minerals' or 'the Company')

Update re Equity Subscription Agreement and total voting rights

Kodal Minerals, the mineral exploration and development company, provides an update to its announcements of 8 May 2017 and 1 June 2017 regarding an equity subscription in the Company of approximately GBP4.8 million by Singapore-based Suay Chin International Pte Ltd ("Suay Chin"). Following Suay Chin's initial investment of GBP500,000 in the Company for 166,666,667 ordinary shares ("Shares") at GBP0.003 per Share, Suay Chin and the Company entered into an agreement (the "Subscription Agreement") for Suay Chin to complete a further investment of up to GBP4.3 million in the Company by way of a further subscription for up to 1,138,227,978 Shares ("Subscription Shares") at GBP0.0038 per Share in two tranches (the "Further Subscription").

The first tranche of the Further Subscription for GBP3,300,000 was completed with the admission to trading on AIM of 868,421,052 Subscription Shares on 12 May 2017.

The second tranche of the Further Subscription is for GBP1,025,266, of which Kodal Minerals has received approximately GBP694,297 and therefore approximately GBP330,969 remains outstanding (the "Final Amount"). Suay Chin has advised the Company that it intends to honour its subscription in full and the Company acknowledges that Suay Chin has made, and is continuing to make, significant efforts to complete the Further Subscription and, therefore, the Company and Suay Chin have mutually agreed to extend the deadline for receipt of the Final Amount from 31 July 2017 until 31 January 2018.

Pursuant to the receipt of approximately GBP694,297, the Company has agreed to issue 182,709,973 Subscription Shares at GBP0.0038 per Share to Suay Chin, conditional on admission of the Subscription Shares to trading on AIM ("Admission"). Application will be made to the London Stock Exchange for Admission of these Subscription Shares and such Admission is expected to become effective on 4 August 2017.

Upon Admission, Suay Chin will have invested a total of GBP4,494,298 in the Company and will hold a total of 1,217,797,692 Shares, representing approximately 18.92% of the Company's then issued share capital.

On completion of the Further Subscription, as previously announced, and once Kodal Minerals has commissioned and completed a scoping study at the Company's Bougouni Lithium Project in Southern Mali (the "Project"), the Company and Suay Chin will seek to negotiate an extended off-take agreement for between 80% and 100% of the spodumene product produced at the Project for a period of three years from the commencement of commercial production.

Further update announcements will be made by the Company once the Further Subscription has completed.

[flashheart] 31/7/2017 07:53

38 has to be the nailed on base and upwards from there. JORC to come folks!

[on target] 31/7/2017 07:47

More funding done at a significant premium to the current share price

[cpap man] 28/7/2017 16:51

Bodes very well going into next week for KOD and especially Monday 31st July 2017

[113mike] 28/7/2017 16:44

Strange that

[cpap man] 28/7/2017 16:33

KOD closed at the highs of the day....

[encarter] 28/7/2017 09:07

Suay Chin still holding back the cash. Maybe the are waiting for results on the lithiun quality to come back. If its not battery grade they might want all their money back.

[12bn] 27/7/2017 12:10

Swiss Tony,I pride myself on my fairness,I don't just dislike everyone who has an alternative viewpoint in life,I simply dislike everyone. :)

[swiss tony] 27/7/2017 11:28

12bn, do you dislike everyone who has an alternative viewpoint in life?

[cpap man] 27/7/2017 11:05

Now now....KOD are indeed on the verge of a major chart breakout....

Keep calm all KODers!

[12bn] 27/7/2017 10:57

Traders,like you Swiss Tony.

[swiss tony] 27/7/2017 10:45

Who is still selling?
Every time it makes a run up, it's sold into.
Confuddled.

[swiss tony] 26/7/2017 11:01

Hot money moving into EMH today it seems, ho hum...

[cpap man] 26/7/2017 08:35

KOD are just itching to break out....with the MAJOR news flow coming it really won't be that long now!

[on target] 25/7/2017 16:34

Nice close. Looking forward to the tonnes of newsflow over the coming days and weeks.

[cpap man] 25/7/2017 10:33

Kodal Minerals* (KOD LN) 0.32p, mkt cap £19.7m – Results from Ngoualana drilling

Kodal Minerals has reported the final outstanding result from its recently completed reverse-circulation drilling programme at the Ngoualana lithium prospect in southern Mali.

Borehole KLRC055 intersected 7m of mineralisation grading 1.52% lithium oxide (using a 1% cut-off) from a depth of 79 metres.

The company notes that this hole is located at the eastern end of the prospect area, which remains open. Further drilling is expected to take place following the end of the wet season.

Further results from the 5 diamond-drill holes at Ngoulana are pending.

Conclusion: Ngoulana continues to deliver wide intersections of lithium mineralisation. We look forward to further news following the resumption of drilling after the wet season.

*SP Angel act as broker to Kodal Minerals. A partner at share price Angel acts as Chairman to the company.

[on target] 25/7/2017 10:19

Sellers being locked out again, just like yesterday.

[thelung] 25/7/2017 09:53

Depends on whether SC complete on Monday or delay further - should get back to the top of the channel by Friday in anticipation

[maytrees] 25/7/2017 09:50

Good morning

Mkt often seems to sell on news but the fall should be temporary imho.