Tom Winnifrith Bearcast: Fragrant Prosperity. It's 'avin' a Turkish, more like the sickly smell of weed
Once again, I admit to 100% ignorance on this one so it is over to Bernard Aylward of Kodal Minerals (KOD) for the lowdown.
The mere mention of lithium seems to be enough to send the share price soaring on many small AIM companies, until reality hits home and the almost inevitable pullback starts.
Lithium is one of those commodities where its mere mention seems to be enough to send the share price of smaller companies soaring, often to crazy levels compared to the actual news.
John Meyer of SP Angel this morning comments on Asiamet Resources (ARS) & Kodal Minerals (KOD) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Kodal Mining (KOD) sounds ‘cautiously optimistic’ about its Grimeli copper and zinc project in northern Norway in the wake of encouraging initial drilling results there, though as yet the stockmarket does not share this sentiment, having sent the AIM-quoted company’s shares down from a 12-month of 0.53p to 0.19p now. Established in its present form by private California-based resource services company Tetra Minerals, London-based Kodal hopes to establish a ‘small, high-grade underground mine’ at Grimeli, according to chief executive officer Luke Bryan, who is savouring drilling intersections including half a metre with 4.29% copper and 0.82% zinc and 0.97 of a metre with 6.39% copper and 0.82% zinc.
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