Member Info for Laverda

Elcobble break even is 675 dollars from our figures - you are right.

Remember that if we are one of the cheapest producers in the world, it cannot stay down nearer our production cost for long as other well established and important mines around the World would have to consider being mothballed or closed which would create a supply problem and catapult the price the opposite way - which has happened before.

We are so lucky that we are a low cost producer, we could have been in a really bad space now.

Goldman Sachs are attention seeking drama queens they regularly throw out random major comments into the markets with various predictions.

They are well known for it. It is difficult to get attention in their space without doing so.

The ship thing, I would be interested to know from a personal perspective.

Bernard has told us 15 to 20 lorries per day for over one month.

So whatever happens with the two ships is not going to be fast.

I would be surprised if the ship docks for all that period and loads directly onto flatbeds, I think the port is too busy for that.

Those blue cranes are their latest purchase and are onshore, which indicates fast unloading and get the ship off the docks.

But we will see

The first lorry on site is probably more newsworthy.

But I like to know a bit more detail just to make investing a little less boring.

For once life will pass slowly going through the construction, plant testing and into production phase. Can't wait for that first cheque to land on Kodals mat! Although it is more likely to be BACS.

If you think life flies past invest in shares.

Muppetguru those shipping docks are massive and extremely modern - yes certainly not doubting the docks, people or systems.

Just got no personal experience and wondered what they did.

To take up a dock for a month would cost an arm and a leg.

Whenever I am on these sites I just love to know how they operate and overcome issues. You just never know if you are ever going to encounter a similar issue in another environment.

Sorry - you answered while I typed - thought about a week!

The only general cargo we moved was few and far between and we could crane it onto the bulk ship because the whole ship was ours not shared.

Muppetguru, so you imagine that they have secure compounds to rent, unload everything off the ship and into the secure compound and then crane again haul from the compound?

I could imagine that to be a possibility, that will be a slow process, maybe a week or more to empty each ship.

If it is 15 to lorries per day for over a month landing on site it will be a slow unload. Not sure how they will do it.

Ours took over a day to unload and they were direct to site.

I have only been on bulk material unloading shipping sites and container sites.

Containers are not left long in the loading areas either, I would imagine that there would be penalties for any not picked up within a certain time period.

I have not been on a general cargo unload site.

They can't just dump it on the dock off the ship.

Anyone got any experience on here?

Ghost, I think there is a misunderstanding. Our spodumene is the same as anyone else with high grade spodumene.

We sell to Hainan.

Hainan are not going for the high grade, high technology battery market, that is not there target market (or at least it was not their intention from their plant before construction).

If Hainan establish the market they said they were aiming for it is much less political and doesn't revolve around government incentives.

People were posting government incentive links and asking if that would impact us.

Being attached to an offtake processor with our JV is very helpful.

Asllan cheers, you are correct it does, but Hainan are processing and focusing on a particular market which does not rely on government support - in the cities of Asia with tuk tuk type taxis and delivery vehicles fuel and piston engine repairs are expensive, electric vehicles are cheaper especially if they can charge spare batteries via solar, that is the market they are chasing.

Accion, excellent find.

I wondered how far the project had progressed - sounds on track too.

Alan=asllan - as if to underline my point

Allan, my apologies on spelling your moniker, my phone insists that I can't type your moniker and it should be something else

Asslan, remember Hainan are not processing for that market.

They are targeting low grade lithium batteries for third world and Asian cities.

It is not going to be our market.

That is high grade processing.

Check it out - massive improvement

BFD, that is why the bar and entertainment are so popular, my Idea of hell too.

Must have to be amazingly chilled to like that type of trip - my wife no problem too.

BFD, have you ever travelled on a ship?

Luckily my two trips were relatively short in miles but take forever to get anywhere.

My first short journey I thought I would sit out in the sun for a journey where you could see where you were arriving and been for the whole journey, night fell, I was still out in the dark.

You see those captains standing at the wheel, still not there, still not there, what are they looking at.

I would not have the patience.

Rotter, I am not sure about the terms of payment or if Hainan are near to completion of their plant.

But I reckon as soon as the plant produces anything they would like to get a decent few tonnes taken for processing and rigorous checks which could lead to a first payment, full production payment before end of March.

Investors can't ignore millions each month in cash.

If nothing else looks good out there we could get a rush earlier than anticipated and with less reasoning behind it.

Rotter, I realise you asked Merc, but production cheque in the bank is a better option than your two suggestions.

Cannot be ignored.

Roman, as you know I was curious about the plant particularly the sensor technology, so I was reading quite a bit and some of the more sensible posts, genuinely sorry about the samples of materials and crystal types not marrying up to the sensor types and elements of the process missing to deal with impurities. I stopped posting.

However I did see your posts pick up on the issues and do believe you pulled out when you said you did.

I only noticed yourself and Acker as you were sensible posters on here..

It is embarrassing to many investors when they lose money and potentially lose face on the share chat boards. I don't mind saying I won some and lost some, once very nearly made an almighty error - even though it had nothing to do with the company that I was about to invest in - their manufacturing partner got cold feet and some would say did the dirty on them.

But don't worry, if you did lose money Bernard is well placed to counter losses.