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Kodal Minerals ( (GB:KOD) ) just unveiled an announcement.
Kodal Minerals has signed an off-take agreement with Hainan Mining Co. Ltd for the exclusive purchase of spodumene concentrate produced at its Bougouni Lithium Project in Mali. This agreement, set for four years, ensures a stable cash flow and marks a significant milestone in the project’s development, with over 40,000 tonnes of concentrate ready for export pending government permits.
The most recent analyst rating on (GB:KOD) stock is a Buy with a £1.00 price target. To see the full list of analyst forecasts on Kodal Minerals stock, see the GB:KOD Stock Forecast page.
Spark’s Take on GB:KOD Stock
According to Spark, TipRanks’ AI Analyst, GB:KOD is a Neutral.
Kodal Minerals is at a transitional stage with a strong balance sheet and recent progress in lithium production. However, the lack of revenue and negative cash flows are primary concerns. The stock may be undervalued, presenting potential upside if operational improvements are realized. Corporate events positively impact the outlook, but technical indicators remain neutral to bearish.
To see Spark’s full report on GB:KOD stock, click here.
More about Kodal Minerals
Kodal Minerals is a mineral exploration and development company operating in the mining sector. The company focuses on lithium projects, particularly the Bougouni Lithium Project in Southern Mali, where it produces spodumene concentrate.
Average Trading Volume: 53,877,659
Technical Sentiment Signal: Sell
Current Market Cap: £51.63M
See more insights into KOD stock on TipRanks’ Stock Analysis page.