Kodal Minerals (KOD)

Sector:

Mining

Index:

FTSE AIM All-Share

0.26p
   
  • Change Today:
      0.005p
  • 52 Week High: 0.39
  • 52 Week Low: 0.21
  • Currency: UK Pounds
  • Shares Issued: 16,904m
  • Volume: 70,688,542
  • Market Cap: 43.10m

Kodal surges on news of investment, potential off-take agreement, placing with Suay Chin

By Maryam Cockar

Date: Friday 10 Mar 2017

LONDON (ShareCast) - (ShareCast News) - Shares in Kodal Minerals surged on news of a 4.3m strategic investment, potential off-take agreement and 500,000 placing, all with Suay Chin International.
Suay Chin is planning to increase its shareholding in the lithium miner to 20% at a price of 0.0038 per share for a total of 4.3m, a 65% premium on Thursday's closing share price

It initially bought 500,000 worth of shares in Kodal at a placing price of 0.003p each from the issue of 166.66m shares, a 30% premium.

The companies are in talks about an off-take agreement regarding 20% of the spodumene concentrate to be produced from Kodal's Bougouni lithium project in Mali.

Kodal chief executive Bernard Aylward said: "Our exploration activity has confirmed the lithium mineralised pegmatite veins at surface and the demonstration of high-grade lithium mineralisation from our drilling has generated a lot of interest in fast-tracking potential development.

"Suay Chin is very positive about assisting us through the metallurgical testwork and development phase of the project, and with the additional funding we will continue to advance the project rapidly."

At 12:43 GMT, shares in Kodal were up 43.66% to 0.334p each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Kodal Minerals Market Data

Currency UK Pounds
Share Price 0.26p
Change Today 0.005p
% Change -1.92 %
52 Week High 0.39
52 Week Low 0.21
Volume 70,688,542
Shares Issued 16,904m
Market Cap 43.10m

Kodal Minerals Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.12% below the market average47.12% below the market average47.12% below the market average47.12% below the market average47.12% below the market average
19.35% below the sector average19.35% below the sector average19.35% below the sector average19.35% below the sector average19.35% below the sector average
Price Trend
7.81% above the market average7.81% above the market average7.81% above the market average7.81% above the market average7.81% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Income Not Available
Growth Not Available

Kodal Minerals Dividends

No dividends found

Trades for 16-Aug-2022

Time Volume / Share Price
17:07 9,800,000 @ 0.26p
16:29 169,382 @ 0.25p
16:20 1,946 @ 0.26p
16:19 100,000 @ 0.25p
16:19 7,785 @ 0.26p

Kodal Minerals Key Personnel

CEO Bernard Aylward

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