Kodal Minerals Share Discussion Threads

[cyrilsneer1] 01/3/2018 13:51

Fund, enlighten us please mate. Institutional investors?

[fund55] 01/3/2018 13:24

BA is currently in London updating investors . Feedback so far has been v positive

[edgein] 01/3/2018 10:58

Cyril,

Cheers for your answer. It'll be interesting to see how these compare as you suggest, agreed a jorc should be following along with this years drilling. These knock down prices shouldn't last that many more months. We might be seeing the early signs of the re-rate already. They should be trading at a decent premium to the 0.38 that the Chinese paid as the area drilled has increased substantially since.

Regards,
Ed.

[edgein] 01/3/2018 09:54

Cyril,

So do you think KOD will eventually have a scoping study in excess of what BGS have? From that post earlier there's certainly noises that we've a more economic resource due to shallow and very high grade/low impurity.

Regards,
Ed.

[cyrilsneer1] 01/3/2018 09:52

Ed,BGS will publish a revised PFS with at least a 40% reduction on the PFS released. Even now they have a plant that will be economically sound. We just need a JORC and point to there revised PFS and the market will substantially rerate this share. Watch this blow.

[edgein] 01/3/2018 09:42

Cpap,

Yes significantly oversold and if they're telling journos that they could develop with plant costs below BGS and running costs below BGS then that's very good for us when you look at our £12m cap. It'll be interesting to see the JORC and scoping study here when they get around to those hopefully a little later this year. PREM jorc'd on around 5000m of drilling, SAV on around 9000m of drilling, KOD have done in excess of 15,000m and are still drilling. All of the above including KOD have shallow discoveries, its not as if KOD are drilling hundreds of m per hole, some of it is practically at surface. Yeah I agree fella, with the continuous drilling and bulk sample planned within weeks could see this one move significantly. Lots of news due in the next 12 months.

Regards,
Ed.

[cpap man] 01/3/2018 09:35

For some reason KOD are as cheap as chips at the moment Ed but AIMHO not for long!!!!

Time to get your fish stocks in BUY KOD

[edgein] 01/3/2018 09:17

Dexter,

Yes not much free stock around at these levels, place an order or phone your broker before you have to pay above 0.2p. The company could release more of their high grade results at any time. Drilling is continuous and we got regular results last time these fellas were drilling. That's if the Chinese don't make a pre-emptive move, they tried to buy BGS at AU$100m at one point. KOD is a sitting duck at present given recent drilling results and its current cap.

Regards,
Ed.

[datait] 01/3/2018 08:21

Tried to buy but wont let me get any online good news

[edgein] 01/3/2018 08:15

Skiboy,

Thanks for that interesting post, so we've potentially better asset than BGS next door who are valued at around £90m currently, and little KOD barely scratching £12m. At least bargain hunters seem to be starting to find these.

Regards,
Ed.

[skiboy10] 01/3/2018 04:58

John Meyer from share price Angel on Vox podcast today

John Meyer, Mining analyst and partner at share price Angel talks about: Bluebird Merchant Ventures #BMV & Kodal Minerals #KOD
(Interview starts at 38 minutes 55 seconds)



Summary of what he said

He spoke with BA for two hours last week discussing the metallurgy and the way forwards.
They continue to drill good results if anything they are getting better in terms of grade.
Very good consistency on the pegmatite veins they are delineating
More importantly the quality of the spodumene material is good so the capital cost of the plant should be relatively low. Lower than the cost proposed by Birimian next door. And also better quality material from a consumer perspective. Probably lower operating cost as well. So advantages over its neighbour.
Seem to have all the pieces in place to move this forward.

[edgein] 26/2/2018 12:08

Lung,

True fella, both are positioning for early production and will cash in on the EV boom and lith boom to come. Lets hope both make it that far and don't get taken out on the cheap in the mean time. KOD is certainly vulnerable to a £30-60m bid at this cap, many of its current holders are likely to rollover at that. SAV management have also Oman and the enormous Titanium project to deal with so might sell the lith assets if an offer was high enough but they'd put up a fight. Shaping up for lots of news from both of these companies over the next 12 months.

Regards,
Ed.

[thelung] 26/2/2018 11:42

Ed, re the SAV BB - some interesting posts and articles which when digested, show Bougouni as sitting on a pedestal :-)

[edgein] 26/2/2018 11:00

BiB,

Thanks for the link, sums up the situation here very well, fully funded, continuous drilling and about to start the bulk sample. With such tiny overheads that £3.6m cash will go a long way.

Some interesting numbers out of SAV today chaps, they've increased the resources 200% up to 9Mt so far. But the really interesting point is that they've done this from around 8600m of drilling to date with many holes still to report and contribute to the JORC. KOD have drilled close to 15,000m also shallow holes and continue to drill, hopefully this current drilling will give them an established JORC as we know the grades they have here are excellent.

Regards,
Ed.

[backinblack80] 24/2/2018 13:41

Link to share price Angel Flash Note....need to change hxxps to https

hxxps://www.uploadlibrary.com/SPAngel_JohnMeyer/Kodal_Minerals_22_02_18_Flash_Note.pdf

[skiboy10] 22/2/2018 15:28

More positive results.

[edgein] 22/2/2018 13:59

Goneawol and Cpap,

Great posts chaps sums it up nicely. Things moving a little faster than I thought, starting the bulk sample in a matter of weeks, also more drilling results in the next few weeks too. Drilling on multiple targets, to quote the CEO lith assets turning into "something significant". Gold assets ticking along nicely too, those and the cash pretty much cover the market cap, hopefully the large lith assets will start to get priced in at some point as this news flow comes. Sounds as if they want to get this asset into production soon from the interview, great interview. Continuous, high grade, averaging 1.71% over 20m in some holes, now stretches over 850m and open along strike. Lots more news to come and they could drill plenty of these shallow holes with that £3.6m that's for sure. Eventually those gold assets could well be worth in excess of our cap.

Regards,
Ed.

[fund55] 22/2/2018 11:16

Buy note out from house broker

[runthejoules] 22/2/2018 11:06

Chat on VOX market podcast at about 50mins. Very positive Interesting, and very good grades apparently.

[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.