Kodal Minerals Share Discussion Threads

[edgein] 22/2/2018 10:12

Dexter,

This is the KOD thread not the UKOG thread.

Regards,
Ed.

[datait] 22/2/2018 09:41

Dead cat bounce not that exciting is it .12 soon folks.

[edgein] 22/2/2018 08:36

Hyper,

All in due course fella. According to the interview at 121 there'll be another 3 months of expo drilling, then around 6 months bulk sample off to the Chinese, then more drilling and developmental planning.

"We are delighted to see that the Ngoualana prospect continues to return strongly mineralised intersections and is defining continuity of shallow, high grade lithium mineralisation that is important for the economic development of the Project."

Already talking about economic development and as THR's MB said recently, the more you show that something is economic the higher it gets valued. PEA and JORC will be highlights to come for KOD. I'd love to know if they dropped the cut off to 0.4-0.5% how wide these intersects would be.

Regards,
Ed.

[edgein] 22/2/2018 08:32

Bobby,

Well those taking the share off them on the cheap won't complain over the coming months. The company is now only really getting started on this year's drilling and they're fully funded courtesy of our Chinese investor who holds 20% of KOD currently. They could get the remaining 80% on the cheap before the EV and lith boom. Personally I wouldn't take less than 0.5p per share and expect a more realistic offer similar to what they offered BSG (around AU$100m/£60m). KOD continue to expand all of their pegmatite discoveries and they're surrounded by more pegmatite outcroppings. They continuously use a cut off of 1% (EMH and BCN/KDNC have discoveries that are all below 1%). I currently only put one company ahead of KOD in terms of asset quality and their CEO thinks they've the largest lith discovery in Europe. With these grades we're hot on the heels of BSG in terms of tonnage. They may wait until they get substantially more holes before they JORC but when they do folks will be thankful that others sold at this level. From the recent interview £3.7m in cash is gonna drill a heck of a lot of shallow holes. They only spent around £1.5m on drilling last year after raising £4.8m from the Chinese. The Chinese saw these as cheap at 0.38p a premium to the share price at the time, they've significantly expanded all discoveries since then.

Regards,
Ed.

[bobby1904] 22/2/2018 08:08

Just to add to that I agree - totally crazy mkt cap. Id love to speak to those selling today after this RNS, even if only to gain insight into the minds of lunatics!!

[edgein] 22/2/2018 08:07

Bernard Aylward, CEO of Kodal Minerals, said: "We are delighted to see that the Ngoualana prospect continues to return strongly mineralised intersections and is defining continuity of shallow, high grade lithium mineralisation that is important for the economic development of the Project. The extension drilling continues to outline parallel and splay structures that also contain mineralised pegmatite bodies and it is exciting to see our exploration model advancing well as we intersect additional pegmatite bodies close to our existing prospects.

"Exploration drilling recommenced in January, which was initially focussed on new exploration targets located to the west of Ngoualana where outcropping pegmatite bodies have been identified. In addition, geological field traverses to the east of Ngoualana prospect have identified areas of possible pegmatite extension and these are currently being drilled.

"Despite drilling being slower than anticipated as a result of some difficult ground following the wet season, we are happy to see conditions improve as we move to the next phase of drilling. We remain fully funded to continue with our work programme, and further assay results will be reported as soon as they become available."

Hmm interesting, so it sounds like the main target is surrounded by more pegmatite outcroppings. I wonder if they will continue to get more very high grade lith in those too. I guess things are going to get much quicker now too that the wet season is over and they can get stuck into their fully funded drilling over the next few months. Should be lots of drill results and assays as we move towards the JORC and bulk sample and then development.

Regards,
Ed.

[greatfull dead] 22/2/2018 08:02

Ed,

As you say "Crazy crazy market cap.

ATB,
GD

[edgein] 22/2/2018 07:59

Chaps, interesting RNS, KOD still going hammer and tongs with the RC rig! Grades are getting higher too from 1.5% up to 1.75% on very very respectable thick intersects. Best line in the RNS:

"Ngoualana strike length extended to over 850m and remains open along strike. Recent geological traverses have located pegmatite "float" extending beyond drilling."

We're still open beyond the 850m strike drilled to date. Cannot wait to see the JORC on this one alone let alone the other three or four discoveries they've made. This main target just gets bigger and bigger. Hopefully we'll start to close the gap to our neighbours BSG valued x10 times our cap otherwise KOD will be a cheap takeover for someone. No doubt the Chinese are watching these grades and intersects roll in. Given these high grades KOD will have one of the most economic shallow pits around especially as its low impurity and battery grade from their recent metallurgy over the last few months.

Crazy crazy market cap.

Regards,
Ed.

[cpap man] 22/2/2018 07:25

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

22 February 2018

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



Further High-Grade, Shallow Lithium Mineralisation at Ngoualana Prospect

Bougouni Project, Southern Mali



Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to provide an update on drilling progress at the Company's Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project"). Results from a further sixteen drill holes at the Ngoualana prospect, where drilling has successfully extended the prospect to the east, have continued to return high grade mineralisation. Assay results for a further nineteen drill holes at Ngoualana are pending.



Highlights

· Assay results at Ngoualana prospect continue to return high grade lithium mineralisation.

· 16 drill holes completed with high grades of up to 1.75% Li2O targeting the infill and extension drilling of the main prospect as well as holes testing a southern target.

· Multiple mineralised pegmatite intersections in drill holes and shallow depth intersections including:

o 18m at 1.75% Li2O;

o 20m at 1.71% Li2O;

o 17m at 1.63% Li2O;

o 18m at 1.54% Li2O;

· Ngoualana strike length extended to over 850m and remains open along strike. Recent geological traverses have located pegmatite "float" extending beyond drilling.



Bernard Aylward, CEO of Kodal Minerals, said: "We are delighted to see that the Ngoualana prospect continues to return strongly mineralised intersections and is defining continuity of shallow, high grade lithium mineralisation that is important for the economic development of the Project. The extension drilling continues to outline parallel and splay structures that also contain mineralised pegmatite bodies and it is exciting to see our exploration model advancing well as we intersect additional pegmatite bodies close to our existing prospects.



"Exploration drilling recommenced in January, which was initially focussed on new exploration targets located to the west of Ngoualana where outcropping pegmatite bodies have been identified. In addition, geological field traverses to the east of Ngoualana prospect have identified areas of possible pegmatite extension and these are currently being drilled.



"Despite drilling being slower than anticipated as a result of some difficult ground following the wet season, we are happy to see conditions improve as we move to the next phase of drilling. We remain fully funded to continue with our work programme, and further assay results will be reported as soon as they become available."

[thelung] 20/2/2018 14:42

Stick it up 'em Ed :-)

[edgein] 20/2/2018 14:19

Good afternoon Mr Tait,

I bet its cold in Edinburgh this afternoon. I don't think we require your advice though, should have heeded your own advice rather than buying SOLO at the top after NT-2! :) Here is a different ball game though as BA said we're sitting on £3.7m of cash and have very good gold assets in a region that hosts multi-million oz. Its going to be a good asset in the future after they conclude a jv now that the company retains 100% of the licence currently.

The Chinese bought 20% of KOD for £4.8m valuing the company at £24m approx, we're currently half that. Since then the exploration has expanded all of their lithium discoveries significantly, wide intersects and high grade. So instead of following the herd which is what your post suggests, you'd be safer following value and getting some at around half of what the Chinese paid. The gold assets are likely to make up most of this tiny cap, I wonder how many times our cap will be when the lith assets start to get priced in and drive this through exploration and bulk sample in the next 6 months. Don't follow the herd like you did with SOLO, buy cheap and sell high is what you should have been doing. You also waited an age to get into UKOG, most of us had our money made there before you entered, I don't remember you posting sub 1p that's for sure. Get your timing right for once.

Regards,
Ed.

[datait] 20/2/2018 09:45

Looking at every trading day of this month there are far more sellers than buyers keep away ffs.

[thelung] 20/2/2018 09:19

20/02/2018 8:57am
Dow Jones News

Kodal Minerals PLC (KOD.LN) said Tuesday that drilling has defined a new gold anomaly at the joint venture Nielle Exploration Program in Ivory Coast, returning grades of up to 8.28 grams of gold per ton.

The mining company, which has two joint ventures in the Ivory Coast, of which the Nielle Exploration Program is shared with Resolute Mining Ltd. (RSG.AU), said that the results warranted further exploration on the Nielle mining license.

The company also said that Newcrest Mining Ltd. (NCM.AU) has given notice of its intention to withdraw from the Dabakala joint venture--Kodal Mineral's second in the Ivory Coast--leaving Kodal Minerals owning 100% of the license. Kodal Minerals said it is now looking at opportunities for this landholding, which include direct geochemical sampling, or entering into further joint ventures.

Write to Oliver Griffin at [e-mail]

[edgein] 20/2/2018 08:03

Definitely chaps, good intersects and very decent grades. One for the future perhaps if the Chinese buy out the lith assets. Looks like a great little project for future expo. Further opportunities, I would guess a jv rather than an outright sale, even though we know that the lith is the star attraction here.

Regards,
Ed.

[thelung] 20/2/2018 07:29

Nice initial results at Nielle

[on target] 20/2/2018 07:29

Gold news!

[thehitman1] 19/2/2018 10:43

Billions of shares in issue, for any movement upward, a couple of billions buy may do the job.

[thehitman1] 19/2/2018 10:42

Lots of sells today, same pattern for the last couple of months.

[thehitman1] 19/2/2018 10:41

Looks things are getting very gloomy for kod.Suspension next??.

[thehitman1] 16/2/2018 11:31

Best not to respond to 12bn, he is very childish and plain stupid.

[edgein] 13/2/2018 13:04

On Target,

Cheers for the links sounds good. At that rate we may even be in production before BSG or shortly after. Once we get caught up progress wise we should see that huge valuation gap between us and them close a bit at least.

Regards,
Ed.