Member Info for Laverda

Comeonbernie - especially that amount on AIM.

It is that stressy period, wait until the heat turns up late October and the finger tapping gets manic!

Name calling all sorts, brace yourself.

Sleepy - perpetuity - lol.

It does seem like that the nearer we get to production.

Nerves fray.

But it still is three and a half months away.

Great for people who want to get into an AIM explorer share which has nearly all been the exploration risk gone.

Merc, you posted while I was typing.

Yes people nip out for a quick dabble. Seen that many times.

So we think it could be one of a number of things:

Just the expensive extraction mines mothballed and start ups shelved and some investors think we may get dragged in.

Suay Chin now they no longer have the offtake disposing of their shares in an orderly fashion, not disclosed until they have to.

Or the ambushed Wagner soldiers - but unlikely as other shares in other countries dropped today too.

Anyone else spotted anything?

BFD, they are tied to selling in an orderly fashion, therefore I am not sure what the disclosure rules would be, so it could be, but what a strange time to sell unless they were doing a percentage before and after.

It may because some Wagner soldiers were ambushed and killed.

Unfortunately the fighters who are alleged to have killed them are the ones which allegedly are supported by the Ukraine. They could be British weapons.

Ironically one of the groups which troubled the UN.

Onlyking, Daz - supported here re CATL

https://m.miningweekly.com/article/australian-lithium-miners-rally-on-report-that-chinas-catl-suspends-lithium-mines-2024-09-11

Higher cost operations mothballed, not started or closed.

How lucky are we that ours is low cost, I can't pretend that I looked into that at early exploration days years ago. One of the biggest factors today.

Agree Hop2, mine is an RNS cut and paste as you are aware. Nobody's opinion.

I would say that this was quite clear:

Kodal Minerals, the mineral exploration and development company focused on lithium and gold assets in West Africa, announces that the Company, Kodal Mining UK Limited ("KMUK"), Hainan Mining Co. Limited ("Hainan"), and Hainan's wholly owned UK-incorporated subsidiary Xinmao Investment Co. Limited ("Xinmao" and together with Hainan, the "Hainan Group") have agreed terms to complete the funding package announced on 19 January 2023 (the "Transaction"). KMUK is the Company's new UK registered subsidiary formed to be the holder of the Mali lithium assets and which will be owned 49 per cent. by Kodal and 51 per cent. by the Hainan Group.

The agreement for completion of the Transaction follows from the waiving of certain conditions precedent relating to the reorganisation of Kodal's Mali lithium assets, being (i) the transfer of the Bougouni mining licence from Future Minerals SARL to KMUK's new Mali subsidiary, Le Mines de Lithium de Bougouni SA ("LMLB"); and (ii) the transfer of the Sogola-Nord concession to Future Minerals SARL, which will also be a 100% owned subsidiary of KMUK. The Mali government will become a shareholder in the subsidiary mining company following completion of the transfer and finalisation of shareholder agreements and LMLB has been established to be the holder of the Bougouni mining licence and operator of the mine. These transfers will occur at a later date once formal approval of the Direction Nationale de la Geologie et des Mines ("DNGM") in Mali has been received. Kodal continues to liaise with the DNGM to seek completion of the transfers as soon as possible and in the meantime these assets are deemed to be held on trust for the benefit of KMUK, whilst Kodal progresses the Bougouni Lithium project with the funding from Hainan.

Accionista, I would have agreed with you based on my understanding prior to the funds transferring.

But I am confused as Bernard said in one of the videos that they can mine and can export.

My other confusion is as you say it is 'owned' by KMUK as per the last RNS, but deemed in trust is a legal term whereby it could not be 'owned' by KMUK.

At the Q&A we may be able to ask detail. But I noticed he was confused by the legal jargon that enabled them to continue construction.

Accionista, if that is the case, how does Bernard think he can mine and export?

Not challenging you, just asking why he thinks that is possible.

Because I assume you mean that the company it is moved to is the correct legal structure to mine in Mali and includes the government's share?

Celle interesting one. Because if the gold etc was seperated into a different plc and our cash, then Hainan could take over Kodal PLC and they would not need to transfer the licence.

If the licence transfers it is a buy out of KMUK.

A buyout - not taken over - you are at it now!

BFD, lithium price down resource update, not really worth thinking about until the plant is going full bore.

When in full production we can look at the spot price and the updated resource and see the value.

CM Latter.

Remember that is Bougouni only.

We are either going to sell or mine Nielle.

Fatou is looking good but it is early days.

We will have a share of lithium off West Bougouni when Ganfeng and Leo are settled.

Second stage Bougouni flotation.

When lithium prices leap again - expected in the foreseeable.

Bernard seems to have his eye on something else too.

A lot of (positive) variables.

Personally I am just sitting back watching it unfold and taking interest in each stage.

It appears George and co were correct in their test blast assumptions.

Mali's flooding was serious enough to request international aid.

Bernard understated the situation just a bit.

The mine stood up very well and the construction.

Sticky investment a lot of investors hanging on to their shares and still a few months to go until production. End of October and it is going to be news after news if everything stays on schedule.

Yes Hadrian, following on from Daz.

Leo was a totally different scenario. They were under a mining code whereby they received an incentive to mine. They qualified for around $50m of tax incentives from the Mali government with conditions attached.

There is a lot of information on the Leo site over a long period and there are some contradictions too.

Repayment of the incentives was the big chunk of their settlement with the government.

We don't have those incentives. So there would be none to repay. In addition no incentive no associated strings attached.

We didn't try selling direct shipped ore.

Leo's fine above their tax repayments, while not welcome would be affordable.

But you seem to be worrying about nothing. If the licence transferred and because we then could sell out the share price went up to 1p, you would just be stressing more.

I agree it will impact the share price because a buyout will not be forthcoming. Some shareholders like a buyout.

Apart from that I see no issue. We can mine and we can export. As per the legal agreement we would alter to a loan payment to Hainan, guess what it would be a 51% spodumene pay away less costs.

But it will not happen because that would be taking the mine off Hainan, the Chinese not us. So I don't think so.

Two things I picked up which are typical Bernard and the team that just underline confidence placed in them.

Read the new mining code carefully and applied some of the new regulations regarding local labour to their site. Smart.

Secondly getting large generators so they can test the plant should the cabling from the electrical sub station not be complete.

Gives an insight into their forward planning abilities.

I am amazed regarding the wet season having so little impact - superb.