Member Info for Laverda

I know the proactive update was posted, was BRR too? Just in case here is the link

https://www.brrmedia.co.uk/broadcasts/66aa00fb27d380a9b7f0ce8d/kodal-minerals-bougouni-lithium-project-update/

Yes Paul, that is why Ganfeng, BP, Shell etc never do it.

No explorer would ever deal with them again.

For anyone nervous about Leo Lithium, as someone else said it is a totally different scenario, however the bulk of the money they are repaying, around 50m dollars are the Mali tax incentives given to them from an earlier mining code.

We don't have any tax incentives from the Mali government.

We can expect a Hainan attempt to buy us out somewhere along the line maybe when the plant produces, who would not give it a go when lithium prices are not as sky high, but if Bernard would accept or not is a different matter.

Taking over an explorer, ie Kodal plc is biting the hand that feeds you, many times we see buying all a companies shares cheaper than a JV, but they never do it, if they did mining and oil companies would be finished.

Mirabeau - that is what we expect.

However the licence has to be transferred first to do that.

Currently it is deemed in trust so buying up the percentage in KMUK would not get the mine.

Blues KMUK is not a plc, which means there can be no takeover when the lithium mine is out of trust and directly under this company.

It has to be a buyout.

Blues remember the gold is under the PLC and has nothing to do with Hainan except they hold shares in the plc like us, but they have 17.5m dollars worth.

Bluesminor - they would have millions per year to develop the gold if they wish.

Fatou may turn out to be large.

Nielle previously had a JV with Resolute so may not be a tiddler either.

Compo yes but only after the licence transfers.

Kodal plc owns the mine at the moment, it is deemed in trust so we can't sell it again.

If the licence did not transfer we would be repaying a loan to Hainan, anyone think that would equate to around 51% after costs of the non government part of the mine?

It won't happen though, it will transfer.

Hainan can't own it unless the licence transfers.

Silently waiting Onlyking. It will be a great moment.

It is still a lot of weeks between now and the end of December.

So best have subdued excitement.

Agree music it seems to remain under NAV. But as long as NAV keeps going up so should we.

Thats investing.

Musicman, thats what I like to hear on a Monday morning, positivity.

This share is in a great place. All good here. Just the usual cabin fever when it is the countdown to the major event.

We don't want to wish our lives away, but the nearer it gets the slower time appears to move.

George - most of us are waiting to see if that was the ship - hopefully a photo or something if it was.

Compo - look up the definition.

If the shoe fits.

Compo you appear to be a champagne socialist with little idea of the average labour voter in the labour strongholds.

You need to take a tour one day.

I am not belittling them either, I have been amongst them for decades, good folk, I don't think you have a clue.

Our eagle eyed friend below appears to have spotted the ship.

Lets see if there is a pic over the weekend or on Monday

PS Shyted, Sierra Leone on their trip too.

Shyted - I think you have nailed it with that ship.

Amongst all of those ships - brilliant spot.

Compo, I think you have misread something I am not political, comeonbernie was making a joke.

It is Starmer who yesterday said it was right wing individuals based on zero evidence as nobody has a list of the crowds involved.

A florist or hairdresser may have been among the crowd but I doubt if it would be attributed to an uprising of either.

Starmer jumped to conclusions and as prime minister he is taking the heat for it - as happens to any leader who makes a blunder.

Compo, the absurd element in my view was attaching politics to it - ie Starmer. Especially in a predominantly left community insulting them further by giving a right label.

It is all about a sequence of violent attacks but unfortunately by treating events differently kicking off more trouble.

Terrible attack in Hartlepool, Manchester airport, the well publicised acid attack, horrendous in Southport and more.

Not about politics.

Labelling is one of the main issues.