Who is going to the AGM?, page-45

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mystikal

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02/06/19

23:30

Post #: 38870848
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Originally posted by goodflyingduck: ↑

Single goal - to monetise our assets at the earliest opportunity. KOD says production Q1 2020. Why? Because they already have an OT partner for a minimum 80% at market value. And that OT partner has a 27% stake in the company. And, in reality, KOD is only 6 months or so behind Mali Lithium. We're on target for submitting the ESIA this month and the Mineral Extraction Permit application by the end of September. So, not that far behind at all.

The key to both projects is funding. KOD believes that's in the bag. If KOD can be the vehicle to both projects being brought into production ASAP, as a merged enterprise, where's the harm in that? Only the Chinese are showing any real interest in exploiting Mali's Li atm (although the Indians are on the scene, in a small way, too) and who are Mali Lithium in talks with? The Chinese! 2+2 =? Don't forget that our Chinese friends have hosted Malian officials at their processing plant in Shandong. There was a reason for that!

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- 6 months... is still quite a while and the PFS/DFS as well.
- And judging by the latest news KOD are starting to focus on drilling their new tenements
- There is harm to Mali Lithium holders,, because we believe our project is more progressed and potentially more economical
- We have spent time/money/effort to get to where we are and dont want to be humstrung by another speccy
- The underestimated thing about Mali Lithium is we have a very low SOI and active shareholder base i.e. corporate activity will only come at a premium if a merger/TO were to happen

BGS Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Who is going to the AGM?, page-45

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