Member Info for Laverda

PS try this stage of any share is tedious - the most exciting and the most nervous.

Like George said we will look back and laugh at some of our thoughts and comments.

Must be a bit like Mafia stakeouts years of watching and waiting then all of the excitement over in a couple of days.

Dazguard - it should feed through to rising prices in two ways increasing demand and of course increased inputs into production.

Not sure if the prices have risen yet, it is if Israel fires on Iran's oil storage?

Rob, yes that would panic people simply because of Leo Lithium.

Totally different scenario though. We didn't get 50m dollars tax incentives to give back. Or involved in the Morila gold mine debacle. Or tried selling ore from our site.

Leo is supposed to be settling with the government via Ganfeng this month as far as I am aware, the sooner that is done and out of the way the better.

The sooner ours is completed too the better - personally I would prefer the new code, keep it clean and simple.

I also think that investors here should not lose their heads.

Leo Lithium - where Fooca is invested failed. I think if the estimated government payment is as estimated between giving back tax incentives and a fine they got off lightly. I also think Ganfeng are generous with their deal.

We are an explorer with a JV with a mining company building a mine, we are not a mining company and we don't own a mine.

Until it is completely built and those cheques roll in we are not a mining company.

I read Leo Lithium's boards announcements etc as with other mining companies in Mali, a lot of Leo investors got caught up in the wide boy Hay CEO hype and only started thinking in mega numbers the likes of which international companies deal in.

Here we need to keep our feet on the ground, if the government buys in they are welcome and we can use some of this money for further development.

To me the difference in the mining code has been done to death on these boards the percentages etc.

At the moment I don't see the basic difference of the two being the consideration.

Bernard said they are investigating going on to the 2023 code, not that the government is forcing them.

We have added a phased development submission to an already issued 2019 mining code mining licence.

It will take Bernard to explain afterwards, but I think that the flotation plant construction, timings, outputs etc may less binding or critical under a normal 2023 mining code licence.

We will see.

The difference in ownership is minimal, the 5% local payment is just moved from paying direct for initiatives to paying local government. We had 49% of 90% before with no purchase, so the difference if the government purchases is only 49% less from what they purchase, it is no big deal.

The more the government owns the smoother the mine will run with permissions and any infrastructure improvements.

Daz, exactly and exceeding our hopes and expectations of the Spodumene price when we start mining.

It shows the quality of Bernard and his team with their initial projection of costs and spodumene price, bearing in mind that the price was fluctuating between high 400s and low 600s at the time of those estimates.

The later figures with 2,080 dollars per tonne only issued due to pressure at that time brought about by spodumene in the 3-5,000 dollar crazy highs.

Bernard and his team still used low figures well under what most other companies were using in their models.

Shows the quality of our team.

Sleepy, we don't have the full differences between a phased development submission on a 2019 mining code and a straightforward 2023 mining code as far as the second plant goes. I think this is why they may be looking at the 2023 code.

But I don't see a lot of disadvantage anyhow between the 2019 and 2023 code based on our current share price.

Kam your posting history is all along the same lines doom and gloom - cheer up.

We will either stay on the 2019 mining code or move to the 2023 mining code and investor uncertainty will be removed.

Still 3-5 months until full production. All funded and equipped with loads of cash in the bank - no worries.

Elcobble, we typed at the same time, and that production cost per tonne is right down to the paperclips and loo rolls in the office. Pre tax.

Not the same basis as the majority of mines produce their costings.

Kam, you must be new.

It is a major increase in the lithium price. When we first invested lithium averaged 480 dollars, we were hoping for 800 dollars by the time we were mining.

So the current lithium price is good for us.

Obviously those crazy days we would not be unhappy to see back.

Https://m.miningweekly.com/login.php?url=/article/mining-industry-highlights-lack-of-capacity-capital-to-support-energy-transition-as-key-risk-in-2025-2024-10-01

100notout first time I have seen it.

The 2023 code may be better for us than phased development on the 2019 code.

The 2019 code did not have all of the incentives of Leo Lithium's 2012 code. If we were on the 2012 code it would be a concern.

100notout - the RNS indicates 2023 mining code.

Well we should get the licence transferred this month reading the RNS.

2023 mining code has to be the way to go, I think it will put the flotation plant build and timetable into our control which I think is important given the current lithium price.

It takes local support off our responsibility and puts it on local government.

If we did develop Fatou with Hainan - assuming that the results stack up - then both mines would be on the same code.

If the government bought in then they will be even more eager that the mine is a success.

Once the uncertainty is gone the share price will shift.

Quite faffy and not easy to get them at the price in that purchase list. Like a cat waiting for a 🐭 mouse

Fooca, Ganfeng in the name of Leo and Firefinch.

60m dollars.

You are invested in it.

Did you think I had spotted more?

My apologies shorthand wording in these posts.

The simple truth here is nobody knows and the market dislikes uncertainty the most.

The factors throwing uncertainty into the mix are that the firm said that the mining office said, rather than a direct quote from the office.

The government is about to get all of it's tax incentives back from Leo, around 50m dollars plus a fine, not sure what the fine will be maybe 10m dollars max. Not sure if there is anything else to pay re their involvement in the Morila gold mine. So to cut a long story short they will have cash.

Will the government buy into Goulamina, Kodal, both or neither?

Then the lithium price has dropped from the crazy highs, so will this deter the government and may they prefer investing in gold?

Just a lot of uncertainty, none of it terrible just hard at the moment to second guess.

Haddy which dept in PWC?

Pre October 2023 - not 2024, damn phone

One thing to be aware of, quoting from an RNS pre October 2024 from the Hainan deal may be incorrect today.

The process going forward changed, the company structure changed due to the workaround, the allocation of cash from West Bougouni changed and of course the progress up until we changed tack was incorrect.

Pre October 2023 RNS information has to be viewed in that light.