We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.005 | -1.15% | 0.43 | 0.42 | 0.44 | 0.435 | 0.42 | 0.44 | 21,187,158 | 11:53:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Nonmtl Minrls, Ex Fuels | 0 | -1.46M | -0.0001 | -43.00 | 87.04M |
Date | Subject | Author | Discuss |
---|---|---|---|
19/4/2018 07:20 | Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining 19 April 2018 Kodal Minerals plc ('Kodal Minerals' or 'the Company') Update on Exploration Programme at Bougouni Lithium Project Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to provide an update on the Company's exploration programme at the Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project"). Highlights: · Reverse circulation drilling continuing on site with two drill rigs operating on a "double shift" basis. · Drilling planned to continue through to the beginning of the rainy season in June/July 2018 following which the Company expects to be in a position to commission a JORC Compliant Mineral Resource Estimate. · Following the issuance of the new licences (announced on 17 April 2018), the contract for the bulk sample excavation, crushing and transport has been signed, initial payment made and the contract mining firm will be mobilising to site shortly. · Metallurgical samples undergoing a test work programme at a facility in Australia designed to validate and expand on the initial metallurgical test results. · A second sample has been dispatched to Chinese plant of Shandong Ruifu Lithium for further metallurgical testing following the first sample which indicated Bougouni could produce battery grade lithium carbonate. Bernard Aylward, CEO of Kodal Minerals, said: "We are continuing with the major exploration and definition programme at Bougouni with multiple key activities happening in parallel as we look to fast track our project towards a decision to mine in as short a timeframe as practicable. The drilling is focused on infill and definition at the Ngoualana and Sogola-Baoule prospects, while we are also testing multiple exploration targets to define additional high-grade pegmatite zones. "Alongside this drilling campaign, we are also progressing our bulk sample work and a contract mining firm will be mobilising to site shortly. The bulk sample will provide us with critical information regarding the mining and processing characteristics of our mineralisation and the metallurgy will provide us with key information on the quality of the product as well as specific information to be included in potential processing plant design." | cpap man | |
17/4/2018 10:30 | Kodal Minerals* (KOD LN) 0.162p, mkt cap £10.6m – Confirmation of licences over high priority targets at Bougouni Kodal Minerals that it has received “fully signed “conventions The licences, issued in the name of Kodal Minerals’ Malian subsidiary, Future Minerals, ensure exploration rights for an initial three year period and contain the rights to two further renewals each of two years. *SP Angel act as Financial Advisor and broker to Kodal Minerals. A partner at share price Angel acts as Chairman to the company. | cpap man | |
17/4/2018 08:30 | Hyper - I think uncertainty went to Blackpool! | arrynillson | |
17/4/2018 07:50 | DJJ, Not exactly, now they have a 3 year term so they've longer on the licences and moreover the amount of lith is significantly more in terms of strike length (850m+) and grade (up to 7.15%). And about to start bulk sample. They're significantly further on than when the licence issue arose and when SC bought in at 0.38p. But this confirms that the licences and assets belong to KOD for the foreseeable future. They should really be trading higher than the SC buy in price given operational progress and the Chinese support here. Regards, Ed. | edgein | |
17/4/2018 07:35 | Does today's RNS put us back into the position we were originally in before the licence problems came to light I.e. The position when the share price was over double what it is now? | djj2014 | |
17/4/2018 07:33 | Great news from KOD | cpap man | |
11/4/2018 13:45 | On Target, Perhaps the lab they're using is busy, who knows. We'll get a drip feed of more assays soon no doubt. Its the further confirmation of bulk sample results that will support the previous metallurgy and maiden JORC followed by scoping study/PEA that should get these shifting again. They're certainly moving at a slower pace here than at SAV that's for sure who knows why, perhaps because of its location. Things tend to move much slower in Africa. Regards, Ed. | edgein | |
11/4/2018 12:35 | Why are we still waiting on assay results from drilling done before last xmas - any idea? | on target | |
27/3/2018 08:46 | Thelung, True, its likely to be the JORC and scoping study that does the business here. SC are way more underwater than most holders here they bought some at 0.3 and lots at 0.38p. I cannot see them wanting to sell any at this level they're over 50% down currently. Given that KOD keep putting out good/very good drilling results I don't think SC will be too worried. They'll be more interested in seeing KOD go into production. They may try a cheeky approach given that they own 20% and that the company currently has an EV of around £6m given their £3.6 in cash and no debt. That apparently covers the gold and the lith assets here? Tee Hee. Someone is gonna get a great deal on an M&A! Regards, Ed. | edgein | |
27/3/2018 08:38 | Morning Ed, more assays might take us to 0.2 then the end of SC lock in period looms. | thelung | |
27/3/2018 08:11 | Cpap, You might find SAV's recent presentation on Lith very interesting, its from March 22nd this year. It shows the massive demand increase in lith from this year and for the considerable future. Lith prices are likely to rise further as this demand kicks in and there's likely to be considerably more M&A. Shouldn't be too much longer until we get more drilling results/assays here and the start of the bulk sample production. They also did talk about JORC this summer so that should give the market an idea of the scale of these projects. Regards, Ed. | edgein | |
21/3/2018 13:46 | Very interesting posts guys, thanks for that. KOD is moving towards production at the right time and they've plenty of cash on hand for the bulk sample and this continued exploration. I'm sure their 7%+ lith and average grades between 1.4-1.7% haven't gone unnoticed. M&A will see a number of these smaller companies disappear into the pockets of the large companies. Regards, Ed. | edgein | |
21/3/2018 12:34 | New Super Fast Charging Lithium Battery Unveiled Super fast charging would really accelerate the future of the battery powered car market | polysale | |
21/3/2018 11:59 | The Lithium Sector Surge Is Poised to Ignite a Deals Bonanza China has it's eyes wide open for the future!!! | polysale | |
20/3/2018 07:47 | Thelung, Thanks for your thoughts, I agree things seem to be moving ahead quite swiftly towards this bulk test production and proving up the assets. I still feel KOD will be one of the first lith producers on AIM. Bulk sample, JORC and feasibility will all come close together. Then plans for development, offtake partner in place which will help. Skiboy, That's also encouraging with them being our next door neighbour, a lot of what will apply to them will apply to us in the longer term. Hopefully we'll start trading at a slightly large % of their cap soon too. This massive discount will end some time, possibly in an M&A. Regards, Ed. | edgein |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions