Kodal Minerals Share Discussion Threads

[greatfull dead] 14/8/2018 08:21

TL,

Now may be your opportunity to top up!

ATB,
GD

[edgein] 14/8/2018 08:21

53m traded in just 20mins. Market has a huge appetite for KOD before the JORC.

Regards,
Ed.

[jungmana] 14/8/2018 08:20

My targets remain 0.5p in 3 weeks time. 1p within 2 months. A big maiden jorc on the way.

[greatfull dead] 14/8/2018 08:20

TL,

I thought you had enough in your portfolio. Can't say I blame you wanting the share price to retrace. I very much doubt that will happen with the stocking news expected sometime in Q4 2018 re the new assay results from the Bougouni project and the impending RNS on the JORC due in September.



ATB,
GD

[datait] 14/8/2018 08:16

need a decent pull back before any upside

[dingo75] 14/8/2018 08:15

please tick that up btw

[dingo75] 14/8/2018 08:13

what kind of car does a chinaman drive?

a rolls rice

[thelung] 14/8/2018 08:12

Where are we topping up - 23.5?

[datait] 14/8/2018 08:11

Timbrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

[datait] 14/8/2018 08:07

Dont try to catch a knife folks.

[thelung] 14/8/2018 08:05

Please get it down i want to buy more

[datait] 14/8/2018 08:02

get out now

[edgein] 14/8/2018 08:00

Cpap,

Yes anticipation is building as we approach the JORC for sure and KOD sure have substantial numbers of holes drilled to date. And were also still waiting on numerous assay results which could come at any time. As Skiboy also pointed out, gold results anticipated too, its not just then lith assets that are active here.

Regards,
Ed.

[equity growth] 14/8/2018 07:59

Mcap was over £30m a year ago so plenty of ground to make up pre JORC which is expected to impress.

[datait] 14/8/2018 07:56

there will be a huge shake watch this space.

[edgein] 14/8/2018 07:54

For new folks coming in a quick recap:

Chinese bought in at 0.38p so the share price is still at a significant discount to that. Since then they drilled another 24,000m extending the strike lengths of Ngoualana to 850m+ (with a parallel discovery too), Sogola Baoule to 1400m+ and Boumou to 400m+. So since the Chinese saw them as cheap then they must be over the moon with the drilling since.

£3.5m in cash enough for the upcoming years drilling (about £2.5m of the Chinese money took them this far). Then divide the remaining £16.5m cap and you get £4m for Mali gold assets, £4m for the Ivory Coast assets and £8m for the Mali lith. Given that the JORC is based on this last two years of drilling the lith assets look significantly under-priced here imo. JORC should retify that. Considering that SAV put out a scoping study recently which showed their 14Mt had an NPV of $350m (LoM $1.5bn), we're expecting KOD's maiden resource to exceed this tonnage.

Regards,
Ed.

[cpap man] 14/8/2018 07:27

Message to all the newbies - FFS DYOR on KOD - it is going to become a BLUE WHALE

[thelung] 14/8/2018 07:26

Please get it down I want to buy more

[jon1962] 14/8/2018 07:22

What bothers me about entering now is it's almost doubled in 2 weeks so even excellent results could be in the price

[jungmana] 14/8/2018 00:57

Milli, The gold alone is worth that market cap imho. lets not even consider the lithium

[skiboy10] 14/8/2018 00:43

Investors diving in before Kodal resource

Investors are getting excited about Kodal Minerals’ (AIM:KOD) maiden resource for the Bougouni lithium project, with the company’s ‘hold-on’ message spurring on more buying.

13 August 2018

At the end of last week, the company put out an announcement in reaction to its share price climbing from 0.14p (US0.18c) on July 30 to 0.22p at close last week.

"Kodal Minerals … notes its recent share price movement and speculation regarding the publication of its maiden mineral resource estimate," the company said.

"As announced on 25 July 2018, the board is expecting to announce this in the autumn.

"The company has contracted CSA Global to prepare the report but is awaiting certain remaining assay results from its recent drilling programme before the report can be completed."

Kodal said its "best estimate" for the Mali project's resource was early September.

Following the announcement, the gains continued.

On Monday, the price climbed a further 18% to 0.26p.

Kodal has published promising drill hits in recent months and raised £1.5 million in June largely from existing major shareholder Suay Chin International.

[milliecusto] 13/8/2018 23:03

£20m mkt cap, bit steep regardless of share price price

[jungmana] 13/8/2018 19:37

Must have missed that rns then. But makes little difference in the bigger picture. Over 4bn shares are tightly held .

[skiboy10] 13/8/2018 19:02

Gold update soon?