Kodal Minerals Share Discussion Threads

[euclid5] 09/1/2017 21:10

Ceo is paid just £20k pa

"The Company's current Chief Executive Officer, Mr Luke Bryan, will remain as an executive director and will take on the new role of Technical Director. As such, on completion of the Acquisition, the terms of Mr Bryan's existing service agreement will be amended such that he receives a salary of £20,000 per annum subject to three months' notice of termination by either party and will receive no compensation for loss of office"

[euclid5] 09/1/2017 20:37

You may of experienced some bad investments in the past from previous AIM co's from your post below.

Do you know the Kod directors personally, no you don't?...so you have no idea what their ultimate business intentions are...recall they are taking minimal salaries here & paid by shares instead.

"Not all directors want to be taken over. If they are taken over they can be removed from office. Sometimes it is more financially secure for them to reject all bids no matter how lucrative and just cream shareholders year after year after year"

[thehitman1] 09/1/2017 20:02

Volume 536 million, should be a blue day tomorrow.

[pwhite73] 09/1/2017 18:25

euclid5 - "so long as the results are good the city will keep funding them"

Its not the city that keeps funding them its mug PIs you nincompoop.

536 million traded today with buys outnumbering sells 2 - 1 if you include the big unclassified trades which all but one appear to be buys. Yet the stock has still ended down why?

Maybe just maybe they are already forward selling the next placing at say 0.18p.

People are not buying for any frigging assay results but in the hope like BGS KOD announce a bid from the Chinese. They dangle the BGS offer in the RNS like a carrot to you dummies but as per my previous post I would be extremely surprised if they have not already been approached.

Not all directors want to be taken over. If they are taken over they can be removed from office. Sometimes it is more financially secure for them to reject all bids no matter how lucrative and just cream shareholders year after year after year. Consolidate the shareprice when it gets to 0.000067p then start all over again.

The more experienced of you would have been in stocks where the board rejected attractive offers on the grounds they woefully undervalued the company only for the said company to go bust two years later.

[thehitman1] 09/1/2017 14:28

Volume 456 million now, good demand for kod.

[cpap man] 09/1/2017 14:20

LOL euclid5 that particular poster isn't happy - just look at the red ticks!

Pathetic!

[cpap man] 09/1/2017 11:25

Excellent posts [as always] 156 & 157 above euclid5 and i totally concur but would suggest that you FILTER that particular poster as i and many others have done!

[euclid5] 09/1/2017 11:18

You will be complaining more if Kod raised £2.5m in one go to fully fund this asset...better off in staged placings

doesn't matter about 5.22 b shares in issue, it's the market cap you have to look at

I was put off buying 88E last Jan 16 because of the 3b or so shares in issue, but since the results we all know what happened there

[euclid5] 09/1/2017 11:16

PWhite, if you done any reaesearch into BGS you will see that they raised $5m back in June 2016 to fund their Lithium asset......so Kod are doing this in staged placings.....nothing wrong with that......so long as the results are good the city will keep funding them

Birimian Gold Limited (ASX:BGS; “Birimian” or “Company”) is pleased to announce that it has received commitments from institutional, sophisticated and professional investors to raise $5 million (“Placement”).

Capital raised by the heavily oversubscribed Placement funds Birimian through its current drilling campaign to resource definition and a scoping study at its potential high-grade Bougouni Lithium Project (“Project”) in Mali.

[cpap man] 09/1/2017 10:40

LOL flipping heck bsg you don't say!?!?!

[bsg] 09/1/2017 10:25

I suspect there's some flipping going on.

[cpap man] 09/1/2017 10:25

Kodal (KOD), down 6.41% to 0.18p, has raised a total of £1m gross at 0.15p a share. Net proceeds will be used to advance and accelerate the exploration programme at the company's 500sq km Bougouni lithium project in Mali, fund certain exploration activities across its 100% owned gold properties, in addition to funding working capital requirements.

[cpap man] 09/1/2017 10:20

Absolutely kcowe

+ over 325M KOD shares now traded on the LSE at 10.20 a.m.

[kcowe] 09/1/2017 10:15

unchanged .... nice show of strength...

[cpap man] 09/1/2017 09:55

Volume on the LSE is now over 300M KOD shares traded so far today.

Looks like it is going to be yet another massive volume day at KOD!

[thehitman1] 09/1/2017 09:30

Volume 267 million already.

[cpap man] 09/1/2017 09:11

Final comment on all of this for now warwick69 and that is after an hour or so of trade so far today you have to say that KOD have held up extremely well against the placing price!

[cpap man] 09/1/2017 09:09

Also warwick69 without MM's there would be no AIM but if it was down to me i would with regards to funding for PLC's follow the Aussie rules which all leave absolutely no room for any funny business!

[pwhite73] 09/1/2017 09:06

warwick69

You can't make any progress on this front when PIs are in denial. Read LSE everybody is saying its a good thing when they were expecting the stock to open up at 0.2p this morning after all the positivity of last week.

People refuse to be believe they've been done over by the markets.

[cpap man] 09/1/2017 09:06

Fair enough [to some extent] warwick69 but REMember that KOD are the next REM and are shortly very shortly going to absolutely fly!!!!

[warwick69] 09/1/2017 09:00

I will continue to raise this issue wherever I see similar situations as one day some one will listen and the authorities may do something about it First thing would be to not allow such a high naked short allowance to MM why do they need 10% cushion when 0.5% is the limit for anyone else before disclosure ??You should all be incensed that this goes on not accepting as your share price should have been much much higher based on demand alone Then if the company needed to raise capital as they have a good story place at higher price less dilution for you guys

[pwhite73] 09/1/2017 08:57

cpap man - "KOD are now fully funded"

That KOD are fully funded was exactly the same statement made in October 2016 when £750k was raised. These companies are never fully funded because they cannot produce lithium without investing £50 million upwards.

These placings are a city reaction to mug PIs buying and nothing to do with working capital. They stifle the growth in the shareprice and all you need is one mediocre assay result and the stock can plummet 50% as the assets are deemed to be no longer commercial.