Kodal Minerals Share Discussion Threads

[babbler] 02/1/2019 10:42

Lots of 3 mil trades today?

[dmitribollokov] 02/1/2019 10:40

Quite sprightly

[cpap man] 31/12/2018 10:17

paleje31 Dec '18 - 09:33 - 548 of 548

Interesting, mining industry veteran Rick Rule sees explorers getting better appreciated in 2019, they've had a tough time and are undervalued. Interview 22 Dec.

[the brex pistols] 18/12/2018 11:19

Well, knew that would bring out the red ticks lol. If charts mean anything here, the RSI is hugely oversold right now. What's next Mr red tick?

[the brex pistols] 17/12/2018 15:12

Epic flatlining!

[the brex pistols] 15/12/2018 11:10

Doesn't anyone read through these RNS's before they blurt them out!

[cpap man] 14/12/2018 12:30

Kodal Minerals* (KOD LN) 0.15p, Mkt Cap £11.1m – Interim results show important progress

Kodal Minerals has reported an unaudited interim loss of £345,974 for the six months ending 30th September 2018 (six months ending 30th September 2017 loss - £529,341) and a 30th September cash balance of £2.38m.

Reviewing progress during the six months period, the company highlights the initial mineral resource estimate of 17.3mt at an average grade of 1.20% Li2O for its flagship Bougouni lithium project in Mali which was announced in September and comments that this places “Bougouni in the top 15 lithium projects globally with substantial exploration upside remaining”.

Initial analysis by the company indicates that Bougouni offers the “Potential for low cost production demonstrated by initial processing review - estimated production cost of US$400 per tonne of spodumene concentrate which compares to a current market selling price of between US$800 and US$900 per tonne”.

As the project progresses progresses, the appointment of an experienced project manager, Steve Zaninovich, who has a track record which includes the delivery and successful commissioning of ASX-listed lithium producer Tawana Resources Ltd.'s Bald Hill Lithium Project in Western Australia, strengthens the team to drive progress at Bougouni.

Conclusion: Kodal Minerals has made significant progress during the six months to September with the publication of an initial mineral resource estimate placing Bougouni among the 15 top lithium projects in the world and prliminaty analysis suggesting the project has the potential to produce operating margins in excess of 50%. We look forward to further progress.

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

[thelung] 14/12/2018 09:03

Hyper, there is significant further drilling planned on the 4 major prospects which made up the initial resource estimate, as well as exploration at the prospects which didn't feature in the initial resource estimate at Bougouni. Then the plan is to also start exploration on the other tenement(s). Then there are feasibility study and metallurgical costs to be satisfied - I know the 0.13 raise with SC was to cater for feasibility study costs and further drilling for resource upgrade, but if they do start exploration on tenement(s) other than Bougouni and the expressed rapid move to development, then they will need to raise albeit it at a higher price post resource upgrade - cash will be required by March?? Maybe the question should be posed to BA but he doesn't respond to me anymore....

[cyrilsneer1] 14/12/2018 08:03

Cash burn would more likely be due to the JORC.

[theunluckyone] 14/12/2018 07:24

I thought we were supposed to be getting an updated Resource estimate before Xmas ?



Spent nearly £700K in last 10 weeks ????

[10p here we come] 13/12/2018 17:32

Have you ever known the share price to stand still for so long? Won't last.

[its top up time] 11/12/2018 10:57

Agreed, time to average down for me.

[the house of brexit] 11/12/2018 10:15

Big rally coming here. Just look at the charts turning upwards! All in?

[dmitribollokov] 06/12/2018 09:25

I think the lithium is worth 1.5-2p. Everybody forgets about the other projects though.

Needs PR though, it’s currently too off radar.

[10p here we come] 06/12/2018 09:17

More than that! You know AIM.

[dmitribollokov] 06/12/2018 09:03

Lol 100-bags would do. What are people’s expectations for everything works out as we want it to price here, 1p, 2p, 5p?

[10p here we come] 06/12/2018 08:58

Understood Al. Most frustrating. Be patient now, ride KOD (and GGP too if you can) all the way to fulfillment and maturity, and you will come back stronger and fitter than ever before. Lessons learnt.

[10p here we come] 06/12/2018 08:49

But not for me. Keep buying.

[dmitribollokov] 06/12/2018 08:25

Wow, they are huge grades and shallow too!