Share Name Share Symbol Market Type Share ISIN Share Description
Kodal Minerals Plc LSE:KOD London Ordinary Share GB00BH3X7Y70 ORD 0.03125P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.035 184,959,187 14:05:42
Bid Price Offer Price High Price Low Price Open Price
0.03 0.04 0.0375 0.0316 0.0325
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.71 -0.01 4
Last Trade Time Trade Type Trade Size Trade Price Currency
16:34:02 O 22,500,000 0.03622 GBX

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2020-05-28 16:34:030.0422,500,0008,149.50O
2020-05-28 15:30:030.041,000,000369.80O
2020-05-28 15:27:240.037,692,3082,546.15O
2020-05-28 15:23:080.041,500,000552.00O
2020-05-28 14:59:430.041,354,180487.50O
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Kodal Minerals Daily Update: Kodal Minerals Plc is listed in the Mining sector of the London Stock Exchange with ticker KOD. The last closing price for Kodal Minerals was 0.04p.
Kodal Minerals Plc has a 4 week average price of 0.03p and a 12 week average price of 0.02p.
The 1 year high share price is 0.13p while the 1 year low share price is currently 0.02p.
There are currently 11,053,635,927 shares in issue and the average daily traded volume is 21,975,412 shares. The market capitalisation of Kodal Minerals Plc is £3,868,772.57.
hyper al: Andy "The adoption of EV's seems slow, high prices, lack of range, and a general downturn in the number of cars being sold in the high volume countries such as China and Europe are all weighing down the price." Don't know hoe you support that comment! That may have been the case for one month 3 months ago, but massive upwards surge in EV sales since start of December 2019. Lower Lithium prices, should also mean lower battery price and then greater demand. Check out what happened to EV sales in the Netherlands for December 2019. Look at recent Tesla sales and hence their share price! Look at the price of this 163 miles range EV hTTps://
aidenabettin: Its not just the KOD share price that is collapsing but all in the sector and why BHP has decided to give lithium a miss in favour of Nickel. Im not doubting the need for lithium but too much is becoming available in the next few years and the profit will be squeezed plus Mali is anything but a stable country to operate in..Ive always said KOD would be taken out on the cheap. Ive no reason to change that opinion
skiboy10: Kodak confirms new resource estimate coming as share price jumps10 August 2018, 13:26Source - SMWKodak Minerals confirmed its was close to releasing a new mineral resource estimate for its Bougouni lithium project in Southern Mali.The company said the new estimate may be released in early September, in line with previous guidance of an autumn release.It made the statement in response to a sharp increase in its share price.'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,' Kodak said.'The board's current best estimate is that the report will be published in early September, although this timing cannot be guaranteed at this stage.'At 1:26pm: (LON:KOD) Kodal Minerals share price was +0.02p at 0.2
skiboy10: What do you guys make of this from lse? Merger/RTO/acquisition re: BGS goodflyingduck Posts: 1,980 Opinion: No Opinion Price: 0.1775 RE: KOD on podocast Thu 18:19 Brainer. The money behind SC made an offer for BGS which changes in Oz (concerning inward investment from China) put paid to. They then changed tack and used SC as a vehicle for buying into KOD. It's entirely possible, certainly plausible, that SC will take over KOD in order that their financier can get hold of both BGS and KOD which, with neighbouring concessions, makes eminently good sense given the expense of building a processing plant... the cost of shipping raw spodumene is high and they can achieve economies both in terms of supply and shipping if they acquire both KOD and BGS and process the raw material in Mali. goodflyingduck Posts: 1,980 Opinion: No Opinion Price: 0.1775 RE: KOD on podocast Thu 20:40 And, following my earlier post and line of thought, it may explain why we raised funds, not needed for the exploration program, from SC last time around and why the share price has been driven lower to facilitate such a cheap buy by SC... a RTO of BGS by KOD, funded by SC and their financiers, Shandong. The money put into our Bank will cover the expense of the bid, whether or not it succeeds. It serves to explain why BA is less than entirely forthcoming about the roadmap... if this scenario is right, it is highly market sensitive and NDA's will be gagging BA and everyone else in the know. It's probably even part of the deal that there are no Directors' buys nor any from the other members of the group to which SC has given orderly market assurances, so as not to wake the dragon, or the market, sooner than they've got all their ducks in a row. Scrip and cash could be enticing to the Aussies, especially the scrip in the enlarged Co with the increased asset base and the assurance of that Co building the processing plant (funded by Shandong via SC) and giving reasonably swift returns to shareholders by way of Dividends. The share price would be re-based and SC will stick at 29%, with the rest of its financial interest/investment being tied-up in the offtake agreements and secured by all-asset Debentures. Thoughts? SorB Posts: 263 Opinion: No Opinion Price: 0.1775 RE: KOD on podocast Thu 20:57 GFD, my thoughts exactly. When you see the drift in the BGS share price For the assets that they have and the apparent lack of off take agreement it doesn’t take a rocket scientist to put this together. The PIs over at BGS are getting softened up, IMO this will all happen after our JORC and it will happen very quickly as our Aussie neighbours are becoming very impatient. To come from us: last remaining assays, Metallurgical testing, JORC, scoping study, off-take agreement, tie-up with BGS. It’s been a long slog for a lot of us here but things will move very swiftly from here and do not sell your shares cheaply. RayG Posts: 4,471 Opinion: No Opinion Price: 0.17 RE: KOD on podocast Fri 08:20 GFD, that's a very thought provoking post which may be over some people's heads, including mine. You're saying, are you, that the share price was deliberately driven down so SC could load up on KOD shares at .13 and use the holding initially as a war chest to acquire BGS when those shares recover? The SC purchase certainly appears to be working out very nicely and it has increased the KOD Mcap substantially already. If this purchase at .13 was part of the plan to acquire BGS for KOD shares, I can see the logic of the Directors being barred from buying at .13, since they would have been doing so against the rules, being armed with inside information regarding the plan to fund a purchase of BGS and also with the benefit of a possible nod from BA that a JORC would land before the AGM. I do also see the logic of an alliance with BGS as the Chinese would see it as an economy of scale in the building of a single processing plant. Long term holders here rightly saw the purchase at .13 as a signal to buy and rightly so. Yes, it was at first sight irksome to see SC being 'accommodated' but they are the organ grinder here, let's face it. If they had their way I'm sure a single processing plant would be in their interest. RayG Posts: 4,471 Opinion: No Opinion Price: 0.1775 RE: KOD on podocast Fri 08:49 <<>> To clarify, I mean that the acquiistion of BGS would happen when SC's gazillions of KOD shares have sufficiently recovered, possibly in the wake of a JORC. It happens that BGS stock is at a year low currently while we here are motoring. Nothing happens by accident in this AIM market, does it! FlocktonFlyer Posts: 512 Opinion: No Opinion Price: 0.1825 RE: KOD on podocast Fri 09:02 Agreed, thanks Ray. Lots to think about which I hadn't thought about. Things are looking potentially very exciting here. If earth-shatteringly good, I was fearing a hefty sell-off post-Jorc but now I am not so sure. The potential for greater things outside of our knowledge to happen very fast may maintain a lot of interest and momentum here. All fun speculation but that's what keeps these things moving. Thanks again. RayG Posts: 4,471 Opinion: No Opinion Price: 0.1825 RE: KOD on podocast Fri 09:07 GFD, with growing interest and volume here - half a billion in two consecutive days - we will have day traders buffeting the sp, so no surprises if after the JORC some selling ensues. That's natural. I understand from reports that BA was a seed investor in BGS and I am as near as certain that they are close associates. It would seem bizarre if some kind of alliance was not being contemplated as it is such an obvious step on business grounds... would it really need to be mandated by the Chinese investor? goodflyingduck Posts: 1,980 Opinion: No Opinion Price: 0.1825 RE: KOD on podocast Fri 09:21 Hi Ray. Yes, I do believe that the share price has been deliberately worked down, if not directly then indirectly. AIM- listed shares 'naturally' gravitate downwards in the absence of News to keep them buoyed up. This stock has been nothing if not News-starved for many, many months and I'm pretty sure that there has been purpose attaching to that, as I have already mused. No, I'm not seeing any kind of partnership twixt KOD and BGS. What I'm seeing is a very cagey, slowly, slowly, catchy monkey, strategy leading to KOD making a bid for BGS. A reverse takeover. BGS was Shandong's primary target and I believe that it remains firmly in their sights. We're just the gun... a means to an end. But it's a shotgun. Even if the one barrel fails to hit its target, there's still a shell in the other - KOD itself. Why's it all taking so long? Because the PRC (almost certainly the money behind the tinpot Shandong, which is the money behind SC) can afford to take its time. Brrrrexit is playing its part. We're going to need a trade deal with China and I'm fairly confident that the quid-pro-quo there will be largely unfettered inward investment for the Chinese into our economy. But, whether or not that is so, the existing structure might be adequate to circumvent Australia's rules since SC is based in Singapore and ours is a British company. What lies behind Shandong is shrouded in mystery but my money is on the PRC. If Lithium is the new oil (and it is) then the PRC will be busy garnering forward supply chains from abroad (just as the Yanks did in Saudi Arabia at the end of the First World War) before having to rely on its own resources. The last fund raise from SC is indeed the war chest, with which to launch the bid for BGS. It made and makes no sense otherwise. I'm intending to attend the AGM but I'm not expecting to get any straightforward. open, honest answers to any questions that might give us a clear insight into any of this, if I'm right. Indeed, BA is going to be doing his utmost to avoid the questions, just as he did at the conference call. Just watch. SorB Posts: 263 Opinion: No Opinion Price: 0.2075 RE: Dummy sell Fri 12:09 GFD, what you have been explaining so eloquently is what I’ve been drumming on about for a while now. At the lows of .13 I did think the other way around and BGS would purchase KOD. Anyways we’re finally seeing some normality with the share price. goodflyingduck Posts: 1,980 Opinion: No Opinion Price: 0.20 Well.. Sat 10:07 ... that should see the end of the day traders. They're butterflies and generally offload and take off on a Friday. During the course of the week, I decided to stop sitting on my hands, on the fence, and added to my already large stake here, in order to average down and in anticipation of a good JORC. It has to be if, as BA has indicated to be likely, it's going to include only two areas of exploration. The rest will follow. IMHO everything is now moving in the right direction. There's a visible confluence of factors, both intrinsic and extraneous, on the horizon and I don't believe that it will be too long before we're back up to where we were (and beyond) a year or more ago. LTH's know what this stock is worth (at least 1.6p before the most recent placing) and, if I'm right about the prospect of a reverse takeover of BGS, we'll be looking at much, much more than that. My apologies to those who have been speculating that there would be a union of KOD and BGS before I decided to add my tuppenceworth recently. As I said at the outset, I have been paying only infrequent visits to the BB over the course of the past year and I shall again retreat since, apart from the 'fresh' insight, I've really nothing to add to everything I've said before. This stock has great potential. I've jettisoned my other Lithium explorers (BCN and EMH) in order to focus on this one. And that's despite the fact that they are so much further down the road. I have a feeling that things are going to start happening very quickly now. GLA all LTHs. RayG Posts: 4,471 Opinion: No Opinion Price: 0.198 Chinese 'Plan B' Sat 19:20 Any share-based purchase of BGS must take place at a KOD share price which takes into account the economy of scale of the combined entity. Thus, in view of the savings to be made on admin, mine development etc, the enterprise value of the new company will imo be more than the combined Mcaps of the two companies prior to the merger. All parties would benefit. Given that the Mcap of BGS as an acquisition target is getting cheaper by the day when compared with that of KOD as KOD stock increases in value ahead of the JORC, the case for an approach is becoming more compelling. The Chinese will, imo, want these two businesses to become one and may always have wanted it ever since their original play for BGS foundered last year. Meanwhile, their 'Plan B' - investing in the next-door neighbour - seems to have worked for them since their purchase of KOD stock at .13 puts them in a powerful position. Now maxed out on KOD stock, they can again set their sights on BGS as an all-share acquisition. If this really is their 'Plan B', and if the BoD is in step with it, as it surely would be, KOD needs to maximise the share price such that an approach to BGS will become irresistible for both sides. This is why our JORC must be the best possible - it's a weapon to mount a successful share-based bid. It's entirely possible that the above is pie in the sky but I cannot see why the Chinese would want to be involved with multiple mining concerns when a tie-up prior to the development phase makes eminently better business sense. RayG Posts: 4,471 Opinion: No Opinion Price: 0.198 RE: Chinese 'Plan B' Sat 21:37 <<>> The JORC is a necessary step for fundraising and for any intended corporate developments such as a possible relationship with BGS. Any intended partner would need to have validated information on our asset before considering the terms of an approach. I see a JORC therefore as an intermediate and necessary precursor to the development phase. A merger with BGS could, as I posted earlier, add value for both parties so I don't see the logic of holding only until the JORC, though everyone will have their own personal share price target. It's really a matter of how much short-term mileage you think there is, once the JORC is out there. That's why it is important to squeeze some sort of road map out of BA, though in view of the share price sensitivities if there is merger talk, I am not holding my breath on that one. goodflyingduck Posts: 1,980 Opinion: No Opinion Price: 0.20 RTO Today 11:59 Final post on this, I promise. Our getting the JORC out sooner than the bid is made does make sense but it's not critical. What will be critical, from BGS shareholders' point of view (and ours, too) will be cast-iron guarantees of funding for the swift implementation of mining and processing on site. The PRC can afford that. KOD is unfettered in the number of shares that it can issue. That obviates the need for KOD shareholder approval to the RTO and means that a scrip only RTO can be put to the shareholders of BGS with SC and Shandong giving whatever guarantees are necessary to satisfy BGS shareholders that there is a guaranteed, inescapable, commitment to early exploitation. Our JORC only becomes relevant in working out the relative values of each Co's assets, necessary in framing the offer. Saying that, it's possibly inessential, at the end of the day, because the shareholders in both Co's stand to gain more (because of the funding) than they could ever hope to get if they had to go down the usual funding and dilution route. It's a win-win proposition for everyone. And, no, BA ain't going to be breathing a word of it. Not until they're ready to make the bid anyway. SorB Posts: 263 Opinion: No Opinion Price: 0.20 RE: Chinese 'Plan B' Today 12:44 Heart, BA stated the JORC will be announced before the AGM. In regards to mergers I think it will happen very very quickly, our Aussie neighbours are getting very restless as they can’t fathom with the asset they have why no offtake agreements are in place whilst all around them deals are being done. In regards to AVZ they have transportation cost issues, no point having all that lithium if it’s not economically viable at present. Nedhammers Posts: 497 Opinion: No Opinion Price: 0.20 RE: Chinese 'Plan B' Today 12:56 SorB again spot on. Hence the hook up with SC. The jigsaw is being pieces together in BA I hope peeps are beginning to believe ;-) .
cpap man: That next move for KOD could start as early as next week with the first KOD share price target being 1p+
cpap man: That could well happen a lot sooner than you think NY Boy!!!! My share price target for KOD during 2017 is for the KOD share price to go on and hit 3p+
mrkeysersoze: KOD & Birimian Mining Chinese Interest in Mali Lithium assets timeline 3rd January 2017 Shandong Mingrui Group make an offer to acquire a 100% interest in ASX listed Birimian Mining (BGS) Bougouni Lithium Project in Mali for a total cash consideration of $107m AUD (£65m) One of the conditions that the LOI (Letter of intent) required was that Mingrui paid a non-refundable deposit of $10.75m AUD to BGS. The deposit of $10.75m AUD was required to be paid by 20th January 2017, this transaction did not complete, and on the 23rd January 2017 a termination of the LOI was announced citing the following reason; {Due to increasing regulatory protocols on the transfer of funds from China, the deposit was not received when due, and the LOI agreement has been terminated.} The Mingrui deal would have needed to seek Birimian shareholder approval and having followed the Hot Copper Bulletin Board in Australia the consensus gained was that shareholders would not vote in favour of the deal as it was deemed to be at a heavily discounted value. 19th January 2017 a new company named SUAY CHIN INTERNATIONAL PTE. LTD. Was formed in Singapore. The formation of SUAY CHIN was to allow a way in which to circumnavigate around the Chinese restrictions & regulatory protocols of transferring money out of China. The initial incorporation of SUAY CHIN on the 19th January 2017 was 4 days prior to the Birimian announcement on the 23rd January 2017, therefore one can conclude that Mingrui at this juncture had realized that in order to secure early stage lithium assets out of China a special vehicle i.e. SUAY CHIN was required. 1st March 2017 SUAY CHIN becomes a live company 10th March 2017 SUAY CHIN [ultimately Mingrui] who are closely related and offer strong support to SUAY CHIN take part in a placing of £500,000 @ a price of 0.0030p a premium of 30% to the prevailing KOD share price. This transaction assigned 166,666,667 shares to SUAY CHIN and a place on the major shareholder list with 3.09% of the issued share capital. Following on, SUAY CHIN have further agreed upon completion of due diligence, to invest another £4.3m at a subscription price of 0.0038p a 65% premium to the prevailing share price prior to announcement. {The Company and Suay Chin have agreed to commence negotiations immediately for an off-take agreement over 20% of the spodumene concentrate to be produced from the Project, with potential for this to increase to 100% at a later date.} If SUAY CHIN complete the second stage of the Off Take & £4.3m Strategic Investment, KOD will find itself in such a position that all future expenditure moving forward to reach primarily the Maiden JORC resource followed by the Feasibility reports will be fully funded. Once the feasibility reports have been released the funding for the commencement of mining and funding of the mining operations will be a done deal as Mingrui will have secured a minimum of 20% of all production to a maximum of 100% production assuming no further off take agreements or offers materialise in the near future, or KOD accept an offer and sell outright. Both SUAY CHIN & KOD must be eagerly awaiting the imminent trench sampling & drilling results in order to progress the negotiations towards concluding the deal with a minimum off take agreement of 20% of future production. A floor in the KOD share price has been cemented at the most recent placing price of the 0.0030p whilst we await news on all KOD’s assets primarily from Bougouni and not discounting the gold JV’s. The major benefit of the completion of the negotiations and securing of the Off Take agreements and securing a further £4.3m is that in doing so Mingrui wish to be a long term partner and shareholder in KOD at this juncture they would be holding 20% of the total share capital, assuming they had not been purchasing any further stock in the open market. It would not take much for Mingrui to reach a 30% holding in Kod and therefore cause the triggering of an offer for the entire share capital ( think Pelamis currently 9% or either of the Tetra entities) as potential fastrack options to secure sufficient stock for a takeover. If Mingrui simply retain their 20% interest in KOD as a long term Off Take player. I think it is more than fair to assume they will not be selling any of their stock which would total 1,298,245,614 shares. Whichever way you look at recent developments it's fair to assume KOD is in a very strong position even before Bernard Aylward releases any further drilling upgrades, all in all a very bright future in a fast growing Lithium market and one with which I intend to hold for some considerable time {assuming none of the above} takeover scenarios transpire. Mr K.
cpap man: "Very little if any BID PREMIUM is in the current KOD share price with most of the share price being backed by the LITHIUM drilling results" - that is a little bold, isn't it ? We have all been hoping for a Chinese bid over this last fortnight, in particular, and that is surely why more PI's piled in at such spiralling prices. One and only reply from me to you paulpaolo14 and that is that unlike you i have been here at KOD right from the start of what will be a serious mega share price rise to 3p+ So no it is NOT bold and if as you hint you have just found KOD and you expect an immediate BID from the CHINESE then you are truly a complete and utter muppet! There will be a BID from the CHINESE who are already starting to BUY into KOD in a big way [just look at the increasing volumes of KOD shares traded] when KOD have completed further drilling on their LITHIUM licences which are more than twice the size of near neighbour Aussie listed BGS [who do have a BID from the CHINESE but are 3 to 6 months ahead of KOD with regards to their LITHIUM drilling campaign]
paulpaolo: "Very little if any BID PREMIUM is in the current KOD share price with most of the share price being backed by the LITHIUM drilling results" - that is a little bold, isn't it ? We have all been hoping for a Chinese bid over this last fortnight, in particular, and that is surely why more PI's piled in at such spiralling prices. Those drilling results (the most recent being late December) have so far been a little worse since the October RNS .... 3rd October : geological reconnaissance conducted on the Kolassokoro and Madina concessions, which together form the Bougouni Lithium Project, has highlighted the existence of multiple veins with up to 2.2% Li2O lithium ore (2.2% is very good, depending how much) 7th December : 1.9% Li2O and 1.65% Lithium oxide found at Bougouni in 2 seams, worse than the October figure of 2.2%. 44 more being drilled 30th December : 2.03% Lithium oxide found at Bougouni in one more seam, worse than the October figure of 2.2%. More being drilled. I wouldn't say one can see a stream of recent RNS's that exceed the October one on multiple seams, yet, that would be supporting the enormous price rise; but we have all been googling like anything around Chinese bids, haven't we, in much hope ? I have been. Be aware that a few quote Li concentrations in terms of mass of Li metal per unit mass of soil/rock, some (this is more common) quote the concentration of Li2O, which is of course a higher figure. Atomic mass Li = 7 (3 protons, 4 neutrons), Atomic mass Li2O = 30 (it has two Lithium atoms, though) - so this approach of citing concentration Li2O, and not of Li, boosts the quoted % concentration by 114% (the mass of each Li ion, is boosted by half the mass of an O ion). Mind you, figures of anything above 1.6% for surface seams Li2O (expressed as % Li2O) are potentially commercial (that is why I bought the stock), depending primarily much how much there is (you need the seams to be nice and thick - some can be thin - remember this isn't gold, you need to get a lot more of it than you would gold ... ), and depending secondarily on good reliable machinery with high availability and efficient chemical extraction with good availability. (Which reminds me again of AUE's efforts at gold mining under both its new and original management....but getting Li out is easier than leaching out gold - less-ghastly chemicals are involved) Reason for me for losing control with automated sells, is before I was very averse to such, wanting to keep control, but then one finds in a fast drop the broker system can't execute your order - example, the morning PANR fell from 145p to 95p, I tried again and again to sell around e.g. 120p, it wouldn't sell any for me at all. I did get a few away at something like 106p. Other experience tells me automated sells and buys seem to be a lot more reliable, not always at your trigger price but they work at your stated volume even at decent volumes, unlike manual trades where you find you can only sell/buy some stupid little amount when things are hot for that stock. Let's be honest, NONE of us really knows where the price will be by 12:00 Monday, we simply have our own educated guesses based on past experience and the data as we each perceive it.
cpap man: Got my BUY order ready for Monday morning kcowe as any MM inspired sell off in KOD will AIMHO be short lived. Very little if any BID PREMIUM is in the current KOD share price with most of the share price being backed by the LITHIUM drilling results plus obviously some anticipation of the next set of LITHIUM drilling results from KOD expected by month end. By the by if you take a look at some of the Aussie BB's they are going mad over at Aussie listed and fellow LITHIUM play namely BGS who are a near neighbour to KOD where they are expecting a much higher counter offer to come in from the CHINESE!!!! So the longer KOD have to prove up their LITHIUM licences which are more than twice the size of BGS the better as KOD will be TAKEN OVER for an even higher price by the CHINESE MY fear real fear is that the CHINESE are already [increasingly] buying into KOD....just look at the increasing volumes of KOD share traded.... KOD will have a fight on their hands not to give the assets away which to me means any TAKE OVER of £100M+
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