Member Info for Laverda

I would just relax we are in a sweet spot but a boring one, let the millions roll in.

35m will attract interest.

Lilpeep in last year's accounts the stock was all lying on the ground.

The company will have a calculated way of valuing stock on the ground which will have little resemblance to the value it was actually sold at.

That is complicated for investors to get their heads around and makes for more complicated account keeping.

Normal in mining though.

The accounts will need an explanation before releasing as some will expect the figures to be better than they will read.

This year's accounts and half yearly figures will be the interesting ones.

Last year's accounts are anything but simple.

Because the sale price was known all stock could have been valued at full sale price in the accounts.

But accounts have to be consistent.

When we have two plants running full bore there is going to be a lot of stock floating around, that doesn't want to be valued at an estimated full sale price, otherwise we could pay tax on money we do not get.

However using a price last year much lower than actually sold at makes last year's accounts look poor and this year's higher.

He may talk about this at the AGM.

The half yearly accounts will be the interesting ones. Then 2026 full accounts.

Any buyout will be all calculated professionally there will be no discounts or cheating.

It will be all above board if it occurs.

Bernard and his crew are very experienced.

Persians and ancient greeks spoke of flotation.

Biggest output I knew of in the UK was 20,000 tonnes per week.

Old technology.

First ship went out 5 months ago money just started rolling in for operational cash and repayment of capital investment.

Some posters talking about going now.

?

Damn, lost my place counting chickens...... One, two...

PSL it probably will take a jump around then as I have some spare cash due around that time to invest.

So sorry but I hope it stays down for now. Not really bothered about the share price until the major event, a buyout or plant 2 capital recovered and revenue producing. No thinking required for hold or sell.

PSL agree.

Assets need to be in the accounts to be 'real'.

LMLB with working capital in it and stock will be a more valuable asset.

KMUK with cash as repayments of capital from the mine will be a more valuable asset.

Timing of accounts though can fall kindly or not, the luck of the draw.

The big fish is Bougouni.

Lack of cash gets many AIM companies in our position into major problems.

We are well funded.

To cash raise at this price for gold is not sensible, to use our existing millions in cash for gold is not sensible.

If we lose all gold so be it.

We just keep recovering initial capital until it has all been recovered and is sat where we (KMUK)want the cash held..

Elcobble because neither mining companies nor oil companies can dump on explorers if they want to survive.

Why Ganfeng was decent with Leo.

Exploration is massive risk and not somewhere they like to tread.

Usual pattern, explorer, junior miner with JV then buyout.

The big boys make it worthwhile for the explorer/junior miner as exploration companies are their lifeblood, but they don't want to create competitors.

Same in oil and other industries.

RSM is a bit of a tiddler amongst international established companies with their foot in the door and establishing themselves in some very lucrative markets.

They probably just resigned to earn more elsewhere.

Invwell - Kodal isn't producing and earning as in an establishment mine.

It is in the recovery of invested capital stage. Which may last a few months.

Auditor - just terminology.

Not news.

Choselyn, your link proves there is no reasoning to the share price.

They value the company completely independent of the share price which happens to be 26.6% higher than the previous closing price.

No connection whatsoever.

Choselyn would be interested to see how you calculate how much a share price is worth in a company.

You will make yourself a billionaire if you have an accurate way of predicting that.

Seems like the JV payments are being mixed up with internal accountancy between KMUK and LMLB and Kodal PLC and their accountancy with the Mali companies past and present.