Kodal are a mess right now, relying on convertible loan notes...

Kodal are a mess right now, relying on convertible loan notes just to stay alive. Share price at 0.075 of a penny , market cap at around 8.8 million GDP and heading south. Last conversion of loan note on the 8th of December was at a rate of 0.06340 pence , how long do you think it will be before their share price drops to this level. They have a bizillion shares on issue and growing by the day.

They do not have a mining licence and are a fraction of our resource, they do have a major Chinese shareholder, Suay Chin that held nearly 30% of the company, not sure what they hold now due to dilution etc. I don't think that Kodal can get their project out of the ground without acquiring our resource,(or finding more spod on their tenements) whereas we can now proceed with our project without them. Puts us in a very strong position, their Chinese backers would love to get their hands on us. Begs the Question , who are the parties that are currently sniffing around our resource? They'd better bring their best offer to the table soon because the lithium market is getting ready to rumble.

Hold them Tight people...............very interesting times ahead.....................Oh and don't forget about our cash generating "gorilla"

All imo and DYOR