Kodal Minerals Share Discussion Threads

[john2017] 11/3/2017 15:39

PWhite trying to spread fear again no doubt lol.The ever ubiquitous deramper

[pwhite73] 11/3/2017 15:39

RNS - 11/03/2017

"Agreement is with Suay Chin International Pte Ltd ("Suay Chin"), a Singapore registered company formed to take advantage of its extensive connections to supply the Chinese lithium market"

If it was only incorporated on 19 January 2017 and went live last Wednesday 01 March 2017 what extensive connections can it possibly have with the Chinese lithium market.

There'll be no Blue Peter badges for anybody who answers a big fat ZERO.

[pwhite73] 11/3/2017 15:30

Look you dummies:-



"SUAY CHIN INTERNATIONAL PTE LTD was incorporated on 19 January 2017 (Thursday) and as of 1 March 2017 (Wednesday) is a live limited exempt private company. This limited exempt private company has been operating for 51 days. It's registered address is at postal code Singapore 670519"

So the company only went live last Wednesday 01/03/2017 and yesterday they plan to take a £4.3 million stake in KOD at a 65% premium.

Now I want you all to make yourselves a cup of coffee sit down take a sip and have long think as to might have formed Suay Chin and why.

The intelligent among you will know exactly where I'm coming from.

[donald trumpton] 11/3/2017 13:39

No, I think the latest deal has taken them by surprise, as it has us. Best not to always be so cynical!

[cpap man] 11/3/2017 08:00

Kodal Minerals* (LON:KOD) 0.325p, Mkt Cap £17m – Chinese offtaker preparing to buy £4.3m of stock at 65% premium following initial £0.5m investment at 30% premium

Suay Chin International Pte Ltd which has strong support from Shandong Mingrui Chemical Co Ltd has taken an initial stake in Kodal Minerals.

The Chinese group ‘has’ paid for £500,000 worth of shares at a price of £0.003 per share highlighting its interest in the company and not just the Bougouni lithium project.

Suay China is now undertaking due diligence which, if successful, will increase its shareholding in Kodal to 20% of the company at a price of £0.0038/s for a further cash investment of £4.3m representing a 65% premium to yesterday’s closing share price.

Kodal and Suay Chin International have agreed to start talking about an off-take agreement over 20% of the spodumene concentrate to be produced from Kodal’s Bougouni project.

Kodal is about to recommence drilling its Bougouni lithium project in Mali with similar-ish results to Birimian Limited’s results at its closely named and more advanced Bougouni Goulamina project in Mali.

Anecdotal evidence indicates there is a supply shortage of lithium feedstock in China which is causing prices to rise dramatically particularly for smaller contracts.

This appears to be causing Chinese companies to move quickly to take stakes in promising, higher-grade, lithium projects around the world where processing routes are reasonably well defined.

Lithium Carbonate prices which were generally considered to be around 6,500-8,500/t last year are now reported to vary between $10,000-18,000t for larger contracts and $18,000-21,000/t for smaller contracts in China. We suspect the larger contracts are still being priced towards the lower end of the range but Tesla’s entry into the market for its new Gigafactory and rising demand in China, Japan and South Korea is raising prices significantly for smaller contracts.

Morningstar estimates a potential supply shortfall of 100,000t by 2025 as lithium demand rises 16% each year till then

Conclusion: The subscription shows how serious Chinese companies are in securing future lithium supply and confirms our view that the Bougouni area of Mali looks like is may make a meaningful lithium production centre in future years.

Shandong Mingrui has previously offered to buy Birimian Limited for A$107.5m but the deal fell over when Shandong failed to deliver A$10.75m into an escrow account in January.

Suay Chin International Pte Ltd was set up in January this year specifically to act as a trading group for the supply and source of lithium feedstock into the Chinese Lithium market.

The Suay Chin team is said to be well connected, funded and with relevant industry experience and to have support from key Chinese manufacturers.

The statement says that Suay Chin has strong support from Shandong Mingrui which is a long-term supplier to existing lithium carbonate producers in Shandong Province.

The race to secure feedstock materials for battery producers is hotting up with Chinese companies moving to grab higher-grade lithium projects and prospects. This follows China’s recent multi-billion purchase of the Tenke Fungurume copper, cobalt mine in the DRC.



* S P Angel Stockbrokers

[cpap man] 11/3/2017 07:45

Exactly E G which is why they are called BREAKAWAY GAPS!

[equity growth] 10/3/2017 23:30

Looking forward to seeing some breakaway gaps. On the upside of course. And again such gaps rarely if ever get filled.

[cpap man] 10/3/2017 23:05

The correct answer is POST 1439

[seal1] 10/3/2017 22:43

Tidys, been filtered. Thinks hes a smartass fearmonger.

[equity growth] 10/3/2017 22:37

It's a runaway gap so no it doesn't.

[tidy 2] 10/3/2017 21:35

Gap needs filling guys.

[kcowe] 10/3/2017 19:48

marvellous set up for Monday the intra day chart is.... till then :)

[cudmore] 10/3/2017 18:23

All set for the next leap on Monday then?

[livup967] 10/3/2017 16:49

we are not closing tonight???
too much for MM to sort out C MAN

REGARDS

[dr jekyll] 10/3/2017 16:26

An interesting interview. Thanks DT.

[cpap man] 10/3/2017 16:25

Anyone else going for a blue finish today for KOD?!?!?

[cpap man] 10/3/2017 16:20

As you are well into KOD d t there is absolutely nothing fishy about THE TRUMP rally!

[cpap man] 10/3/2017 16:15

You must really be enjoying THE TRUMP rally d t?

[cpap man] 10/3/2017 15:55

My share price target for KOD during 2017 cudmore is 3p+

[dreamtwister] 10/3/2017 15:46

sharetalk interview has a sentiment of ambiance, and mentions other assets.... to back up the lithium.. newsfow in adundance/ within the coming month....tightlines gla

hxxp://www.share-talk.com/share-news/bernard-alyward-ceo-of-kodal-minerals-talks-to-share-talk/

[10p here we come] 10/3/2017 15:45

Hard to say.

[cudmore] 10/3/2017 15:39

Was hoping to top up on a dip but can't see that happening. This is going only northwards short term. Who would like to predict the share price here in 6 months time?? I've topped up for the ride