Nanoco Share Discussion Threads

[onething] 04/4/2017 10:53

Fascinating bbbb

[mrplay] 04/4/2017 10:53

Reset alarm for 6 months until they have to make contact. Until then i expect silence as always.

[boom boom bang bang] 04/4/2017 10:50

Chinese already paid 40% premium on first placement 0.315p


2nd placement at 40% today price is coming in the next 4 days. Agreed price is 0.38p.


Chinese will buy 20% of shs capital at 0.38p


Meaning we will spike pass 0.60p or more.






Kodal Minerals PLC Placement and Off-Take Agreement

10/03/2017 7:00am
UK Regulatory (RNS & others)

Kodal Minerals (LSE:KOD)
Historical Stock Chart
1 Month : From Mar 2017 to Apr 2017

Click Here for more Kodal Minerals Charts.
TIDMKOD

RNS Number : 0850Z

Kodal Minerals PLC

10 March 2017

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

10 March 2017

Kodal Minerals plc ('Kodal Minerals' or 'the Company')

Completion of GBP500,000 Placing, Proposed Off-Take Agreement & Proposed GBP4.3 million Strategic Investment

Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to advise that is has completed a GBP500,000 share placing (the "Placing") and entered into an agreement to commence negotiations for an off-take agreement for the future spodumene concentrate produced from its Bougouni Lithium Project, in Southern Mali (the "Project") as well as a potential further investment into the Company of up to GBP4.3 million (the "Agreement").

Highlights

-- 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 with a range of clients from acid producers to lithium carbonate producers and to the final lithium-ion battery manufacturer.

-- Suay Chin has strong support from Shandong Mingrui Chemical Co Ltd, which is a long-term supplier to existing lithium carbonate producers in Shandong Province.

-- GBP500,000 placing completed with Suay Chin at an issue price of GBP0.003 per share for the issue of 166,666,667 new ordinary shares of 0.03125 pence each in the Company (the "Placing Shares") - representing a 30% premium to the closing share price on the date prior to this 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.

-- The Agreement allows Suay Chin a period of 30 days to undertake due diligence on the Company and the Project, including conducting site visits, preliminary metallurgical testing and confirmation of geology.

-- Following the due diligence period and if successful, the Agreement contemplates Suay Chin completing a second share placing within a further 15 days (or 30 days with Kodal's consent) to increase its shareholding in Kodal to 20% at a price of GBP0.0038 per share (expected to result in a further cash investment of approximately GBP4.3 million) (the "Second Placing"). The price of the proposed Second Placing represents a 65% premium to the closing share price on the date prior to this announcement .

[syd7777] 04/4/2017 10:50

Samsung need a second supplier and Nanoco is the only commercial CF supplier regardless of what you here and read,they are all Cadmium (including QMC) lolzzzz

[bagpuss67] 04/4/2017 10:50

They should not have got here so soon. They have blown huge amounts of cash on full listing, C suite, travel etc etc with no real visibility on revenue. It is now the proverbial s or bust. Personally I think they will pull through.

[firminator1] 04/4/2017 10:49

Yes Bagpuss all questions were pretty poor. Someone i am sure did a patronising 'tweedle dee' to 'tweedle dum' question aimed at Edelman

[firminator1] 04/4/2017 10:47

rather than me berating Nanoco and Eelman they are presenting Nanoco well and answering questions with a positive front. No forecasted cash call so it all now hinges on the next update as the ultimate update now they have hung their hat on second half revenue.

[mrplay] 04/4/2017 10:47

What an abrupt ending. Not fully answering then alright bye. Click the end button.

[firminator1] 04/4/2017 10:44

Edelman always sounds like he is a nano second away from a yawn

[bagpuss67] 04/4/2017 10:41

Why doesn't someone ask where merck are at with their accelerated program and about the three TV's at CES and if any will be commercialised soon..

[hardrider8] 04/4/2017 10:38

Slippy got it right with the lay off of 20 staff in December

[bagpuss67] 04/4/2017 10:38

Maybe it's CW standing in for blain?

[firminator1] 04/4/2017 10:34

Blain presentation awful. Could not get through the slides quick enough. Let's not forget this bloke is the CFO who does not know how to account for revenue correctly
..

[onething] 04/4/2017 10:34

I think this presentation will shore up the share price I like what I am hearing but it is still a risk too far for me right now, albeit with a very good potential upside, particularly at the current price.

[hardrider8] 04/4/2017 10:32

Completely agree on blain's hair. Someone should contact nano PR ?

[notimpressed] 04/4/2017 10:27

david blain quote-- "continency plans if sales DO NOT materialize"
he does n't sound very confident

[onething] 04/4/2017 10:26

David Blain's hair is a bit of a surprise.

[bagpuss67] 04/4/2017 10:26

Very flat presentations from ME ME ME and blain..imho

[bagpuss67] 04/4/2017 10:25

Wtf is going on with David blain's hair!?!

[firminator1] 04/4/2017 10:25

Can you view their faces on the webcast ie them presenting, rather than just the slides ? Assume not

[firminator1] 04/4/2017 10:24

Yes Lux a step forward actually putting a timestamp on it as May 17
No moving away from that now which is good or bad for all concerned depending whether sales are met or not. I agree it's all positive but then I think this every time they do an update.....

[luxaeterna1] 04/4/2017 10:20

Revenues are about £1.4mpa (based on H1).

Runcorn selling in May 2017 (OK Edelman has a track record of getting this wrong with 3rd parties, but can he get it wrong when he's on about the resin sales in his own factory?).

Mildly optimistic this morning, certainly at this price.

[firminator1] 04/4/2017 10:16

Classic case of do we believe what Edelman is telling us..sales imminent.... ?? As usual all sounds positive particularly with Wah Hong link to 9 OEMS. Bit that is missing is current sales.

[aimingupward2] 04/4/2017 10:09

luxaeternal, from the interim report: "the base case forecast reflects the Board's current expectationswhich includes:

Dow and Merck commence shipping commercial sales in July 2017 and November 2017 respectively"

Edit: I see this has already been pointed out.