Member Info for Laverda

Fooca you can listen through the interviews it was one of the Q&As between October and the year end last year.

A person asking the question opened his question with the premise that we needed the licence transferring before we could mine, as if it were fact, which is why Bernard answered that way and export too, for clarity to all present.

As you highlight the difference between our mining code and the new mining code is little difference and the government has to purchase their share.

We don't have the large tax incentives that you had over the fence which created such a problem for you.

Hopefully you don't lose too much money when everything is settled next year.

Bank holiday - translation for Merc!

Potato hopefully some good news for them, they have had it rough.

Maybe production at last.

Should have said around the time the plant is in production if not before

Dazguard - from a potential sell out yes.

If it didn't transfer for some reason the whole mine is ours.

Hainan have the offtake we would have to do a pay away.

So I am not sure which would give us the best share price lift.

But it will transfer around the time the plant is close to production.

The Mali government will want to keep China sweet.

Fooca, the reason the mining office is busy is because gold mines decided to try and circumvent tax payable from the 2019 mining code applying to all mines by moving gold ore from one mine to anothers processing plant.

That old thing, tax avoidance or tax evasion.

However there are a few technical issues as some mines share processing plant, one allegedly is shared by three mines.

It is all written down for all to read in the mining codes and what is trying to be achieved by the changes in each one.

Fooca we can mine and export - we have full permissions.

However we could not sell out to Hainan - which is what some are hoping for early.

All covered already in a Bernard interview, someone in the Q&A audience said we could not mine, Bernard answered I thought we could mine and export.

Dazguard, we are not a priority as we don't need it.

Other mining companies will have more pressing approvals.

No reason for the mining department to prioritise us.

Ghost, yes if we were not inland.

Plus just because someone completely missed something Bernard said they should not assume that people are inventing scenarios.

In addition the ship can only be emptied two ways, directly onto the shore or directly onto trucks so nobody is inventing a scenario.

I agree some are not as chilled as they pretend to be, but it is understandable, I have not followed any share where the cracks dont start appearing between now and in this share's case production.

So it is nothing new.

If they are remaining docked while it unloads onto trucks to take to site we don't want the second ship here. That could be there weeks.

Likewise if they are unloading into a compound, it will be there for days.

Everything is progressing well.

Daz, wow, I expected a smaller ship than that. Plus there is another one.

We are ready to go.

Cheers

7% up is there news out somewhere?

Ship, mining website anyone seen anything?

Come on Bernard you launched the new website. Just post the odd new photo even if it is more completed construction on site and the mine workings.

Little and often works.

Yes George agree regarding accuracy, I have seen the same ship in three categories before, expected, arrival and in port.

So I have given up on that. Same odd ship around ages too which seems suspect.

Those ships carry thousands of tonnes.

Unless the ground warranted it, the plant in its entirety must be one hell of a weight (especially once full of material and water), I have seen 4,000 tonne machines stood on tracks in open pit (open cast) mines, so I am expecting big weights.

A lot of lorries.

Leo Lithium was a fire sale to get them out of a hole of their own making - so comparative valuations are not relevant.

Our valuation at BFS stage would be lower than at production stage based on the same lithium pricing.

So the valuation at BFS is not relevant today.

Construction is going ahead we just need to keep the pieces falling into place.

It will be tense for investors from now until full production because it is so exciting and nothing can happen soon enough.

We just have to control our own cabin fever.

Matt The difference between a good profit, excellent profit or ridiculous profit.

Those sleepless nights lol.

Not sure that anyone is worried about anything in particular are they?

Just discussions. Looking out for anything and everything - which is no bad thing.

All looking good - as always wanting to jump to the next phase assembling the plant.

My figure is incorrect it is 647 dollars per tonne, all costs excluding tax.

My apologies.