Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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toptiger.. " the very reason he isnt british is why i invest, have no real interest in british focused or run companies.
too little talent and too much old boys network
we want aussies/sa/canadian run resource companies"
if that was said against any other nation or country it would be deemed ******..............but we brits just have to sit back and take it...........
Hope, if it was not in Leo Lithium's own communications I would never have accepted it from any other source.
I am staggered.
Mali has a stable economy for an African country and a well established mining sector with some of the World's largest mining companies operating there. Third or fourth largest gold producer forgetting the rest of their mining. They aren't third world mugs.
I honestly do not know what Leo Lithium were thinking.
Stephen,
the very reason he isnt british is why i invest, have no real interest in british focused or run companies.
too little talent and too much old boys network
we want aussies/SA/Canadian run resource companies
Anyone else just get the feeling the RNS we have been waiting for is coming very very soon
5 lots of 5m share bought delayed by an hour.
Just wondered Lav if they was taking the good old p*ss out of Malians thinking they wouldn’t realise what they was up to?
If Bernard gets the deal done i might start a campaign get him some sort of medal.
Isn't he Australian - maybe an Order of Australia award.
Pity he isn't a British citizen - arise Sir Bernard...LOL.
In all the comments about the situation between LLL and the Malian government, there is one important document that we do not have and it contains a lot of information, that is the "Convention d'établissement" between LLL and Mali Gov.
This document is not identical for every contract between Mali gov and a miner. This document contains all the rules that the state and the miner must adhere to. (Also does not always happen as agreed in the document). The exceptions are also listed here, such as exceptions for taxes, customs regime, employment, taxation, etc
This agreement is in principle publicly available, but apparently not all contracts have been made public. Neither by the companies nor by the Malian government.
https://itie.ml/conventions-detablissements/
DYOR
GLA
Agreed Lav, SP Angel didn’t do is us any favours when reporting it linking Leo heavily with kodal. Onwards and upwards 👍
I think you've summarised that pretty much bang on Lav and whilst every company should be treated separately. That sort of arrogance/ incompetence from our neighbours doesn't do us any favours and certainly doesn't help our short term SP as PIs rightly worry about the time this has taken and the problems next door.
Having said that now that the problems for LLL have clearly removed KOD from being caught up in any of it. KOD SP is free to fly. Bernie could well be walking out into the AGM hailed a hero with the deal done, funds in place and ready for the next leg of the adventure
If LL Management cannot understand something as simple as that..........it is a good job they don't have to sort all the crap out have to post Brexit .
Well Leo’s RNs pretty much break the link with us.
Their mistake so should let us move forward now, but I thank them for the heads up and a mistake we ain’t making in the future gla
Wouldn't want to be out over the weekend... Just saying 👀😂
Do not believe a word Toyota says they are green washing.Mr toyaoda does not believe in EV he is hydrogen only he has thankfully been ousted but Toyota ten years behind
Lets goooooooo fridayyyyy fomooo
💃🕺💃
Just to put those nerves types minds to rest...
The Leo Lithium presentation clears a few things up:
Leo's submitted feasibility study was not updated to include DSO.
The government as we know has a 10% free royalty and can purchase a further 10%, I think it is anytime in the first two years of production (at fair market value), Leo did not set up the government's free 10% and yet were going to sell ore (DSO) off the site.
Leo Lithium said they had tariff (duty) tax breaks on many of the millions of dollars of mine related equipment etc. However brought them in then found that it was not as they thought - this one I find unbelievable for a large company to do this. In my experience you find out under which code or category the item you are shipping falls under, then contact the relevant tax office make sure that this item and category fall under the favourable tax treatment, ensure that the correct paperwork is used, any tax favourable code or permission is highlighted in the correct place and all procedures are followed correctly.
It appears they just brought the gear in then found they had tax to pay. That is how it communicates both in their RNS and this down under presentation.
I think Leo Lithium investors will be furious with their management.
Fortunately all of this is pure management errors and does not relate at all to any potential issue for Kodal.
All in Leo Lithium's own print for all to read.
There are no solid state batteries in production in the world.Many different types in the lab but to expensive at moment to produce.The most advanced battery that is in production is catl LFP04 doped with manganese it's all about unit cost unless you are going to space.
Indeed, here is a good article summarising it
https://electrek.co/2022/07/19/how-solid-state-ev-batteries-could-cut-emissions-by-up-to-39/
That's a great site - I have my portfolio copied there and use this much more than my HL App.
The other place I find useful for analyst ratings / targets is Marketbeat
Where will the shares come from for the 17.5 mil at 0.50?
Hi all to those of you who don’t have a paid for analysis tool the below is a useful website looking at key share analytics.
https://m.investing.com/equities/kodal-minerals-technical
You don't want to be out of this over the weekend!
This time next year we should all book out the Savoy Hotel and attend the AGM together.
To toast the success of the mine build, extended lithium and gold resource upgrades, and a significantly higher SP.
Love it when a plan comes together - lots to look forward too.
IG have also sent me the online voting option.
Is there a general consensus on which way to vote? Haven't had a look yet, to see the motions.
Daz is right, go to the Kodal site, find presentations and read them, they include all of the detail.
https://kodalminerals.com/investors/corporate-documents/#presentations-tab