Kodal Minerals Share Discussion Threads

[swiss tony] 18/6/2018 17:03

If you were the Chinese and had to pay a premium for your original investment, what would you do? Yup, force the company to help you average down, so you stay invested.
I am out for now, but will be getting back in at anything around 13p, which in a year will look very cheap, IMHO.

[edgein] 12/6/2018 12:18

Dexter,

Why did I buy more KOD at 0.135 yesterday, because its easy money from this point. KOD were flush before the raise yesterday so why be greedy? Well because imo it was SC's idea that's why. They wanted 29% of KOD as they've two large high grade high quality discoveries. One over 1km strike the other fast approaching that too. These are insanely valued and almost 1/2 or 1/3 cash at yesterdays low. So it was the right time to buy and I was patiently waiting for it to hit the low which it did. Now they're funded into next years drilling season. Well past the current deluge of assays still to come, well beyond the JORC and most likely beyond the mining licence. Also EIA preparation underway and KOD working with the mining authorities for the ML. Plenty of cash, lots of news due and a ridiculously low market cap compared to its assets. When you take into account current gold assets and cash there's next to nothing in this cap for the lith discoveries that keep getting bigger. Upcoming JORC will show how much there is at this stage. Assays, JORC, completion of EIA, ML and eventual scoping study as they fast track to production. That's why I bought yesterday morning. And there's plenty of choices out there for cheapuns I even put SRSP and KOD ahead of buying more KEFI so that says it all.

Regards,
Ed.

[cpap man] 12/6/2018 09:10

Cheap KOD going fast!

[datait] 12/6/2018 07:19

Ed why now when you can soon get them for .13

[edgein] 11/6/2018 18:08

Jane,

Listen to the interview posted by polysale above and you'll find out exactly why this is +ve for KOD. I put my money where my mouth is and topped up this morning. It would be rude not to at these levels with this news. JORC is coming next, most likely before BA gives that presentation in Mali is my guess. Fast tracking still going on. Significant funding in place given their previous cash balance and it was over-subscribed showing the demand, so far far from terrible.

Regards,
Ed.

[polysale] 11/6/2018 15:45

BA interview

[the_isolator] 11/6/2018 14:32

Isnt it the case of them just getting a few more to get there average down seems fair to me they did pay .038 , after all its odds on they will take the lot at some point once the results are comfirmed with the jorc

[cpap man] 11/6/2018 11:15

Kodal Minerals* (KOD LN) 0.14p, mkt cap £9.3m - £1.5m fundraising

Kodal Minerals has conditionally raised £1.5m through the issue of approximately 1,153m additional shares at a price of 0.13p/share. The new shares represent around 17% of the enlarged capital of the company.

The new funds “will be used to further the exploration and development programme at the Bougouni lithium project in Southern Mali”.

The company’s principal shareholder, Suay Chin International has subscribed for £1.2m of the issue, increasing its holding in Kodal Minerals to 29.0%. These additional shares will be “subject to the existing lock-in agreement between the Company, Suay Chin and others under which all of Suay Chin's holding of Ordinary Shares are subject to orderly market restrictions until 12 May 2019.”

The balance of the funds are being subscribed by a combination of existing and new shareholders.

Welcoming the continuing support of Suay Chin, Chief Executive, Bernard Aylward, pointed out that “As part of the initial investment by Suay Chin, Kodal and Suay Chin have agreed to negotiate a binding off-take agreement as the project advances to development, and this further investment by Suay Chin confirms its confidence in the Bougouni Lithium Project and the interest in securing supply of the spodumene concentrate.”

In addition to planned additional drilling and the “the development of a maiden resource estimate over the summer months once we receive the assay results from the most recent drill programme”, Kodal Minerals and Suay Chin are “continuing to work together on the metallurgical testwork and bulk sampling with the aim of progressing our project as rapidly as possible.”

Conclusion: Suay Chin has increased its holding in Kodal Minerals and demonstrated its continuing enthusiasm to move the Bougouni Lithium Project nearer to production. We look forward to the forthcoming initial mineral resource estimate in order to provide an insight into the Bougouni project in relation to other developing lithium projects.

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

[janestone] 11/6/2018 09:55

Ed. Don't pretend that this is a good thing. The majority shareholders have been shafted. If BA had released news or disclosed in a proper manner or didn't lie so often then the price wouldn't have taken a plunge. This is terrible.

[edgein] 11/6/2018 08:59

cpap,

They sure do, they've now picked up 29% of two large discoveries for just £6m. They'll be rubbing their hands together when the JORC and eventual scoping study comes out here.

Regards,
Ed.

[cpap man] 11/6/2018 08:55

As we all know the Chinese love fish especially extremely cheap KOD

[edgein] 11/6/2018 08:20

Interesting, KOD get further support from SC who have now a total of £6m invested for 29% of the company. That should help them fend off any hostile bidders. Clearly still in full support and they may as well average down from their previous buys at 0.38p since the company has made significant progress on two lith targets.

"Bernard Aylward, Chief Executive Officer of Kodal Minerals commented: "The Company welcomes the continued financial and strategic support of Suay Chin. Kodal and Suay Chin are continuing to work together on the metallurgical testwork and bulk sampling with the aim of progressing our project as rapidly as possible. As part of the initial investment by Suay Chin, Kodal and Suay Chin have agreed to negotiate a binding off-take agreement as the project advances to development, and this further investment by Suay Chin confirms its confidence in the Bougouni Lithium Project and the interest in securing supply of the spodumene concentrate."

Good stuff, can't wait to see what the JORC comes up with when it finally gets released over the summer. That's a good cash boost to help with next years drilling programme.

Regards,
Ed.

[skiboy10] 09/6/2018 02:30

Botswana-focused Kavango Resources set to list in London by month-endby ValueTheMarkets • June 8, 2018http://www.valuethemarkets.com/index.php/2018/06/08/botswana-focused-kavango-resources-set-list-london-month-end/

[skiboy10] 09/6/2018 00:29

Yes Edgein early stage for the main project though they do have a JV with Rio Tinto on another project. Looks interesting with plenty of blue sky potential.

[edgein] 08/6/2018 13:59

Skiboy,

I'll take a look at it after its been listed for a while, I avoid IPO's like the plague. I guess its in the expo stage still rather than heading towards production?

Regards,
Ed.