Member Info for Laverda

The high extraction cost mines are feeling the heat. So lucky we are a low cost operation who can easily operate on these margins, it could have been so different if we were not:

https://m.miningweekly.com/article/with-no-recovery-in-sight-lithium-prices-force-miners-to-reevaluate-0utput-2024-07-22

Andy, that is just a personal hygiene issue.

I made the mistake of mentioning a share once to my wife never again. Even topped my error of buying her a karaoke machine. Don't mention the shares to anyone now.

Probably why the share chat boards are such a good release. People who understand.

Like alcoholics anonymous.

Always the same Merc isn't it, the closer it gets to the company's game changer moment the longer everything seems to take to happen.

Wait until those, October, November and December waits, a week will feel like a year.

Article July this year according to the date, usual shyte journalists who get it wrong.

They are going to buy into a mine for 120m dollars?

They bought in for 117.5m.

Their processing plant was completed earlier this year?

Is it completed?

They do your head in. Must be awful for students who study so hard to be a journalist then pushed into low wage sweat shops where they can't put out the quality articles they were trained to produce.

Exactly Celle, all sat there spanking new but silent.

The good thing is their client type are not tied up in politics, massive cities looking for cheaper delivery and tuk tuk type taxis than combustion engines in cities with a lot of sunshine - solar power heaven.

Massive market for low cost low grade solar batteries.

George, if the investors remain private and we continue to trade well below NAV, our calculated value 2024, 2025 you may be correct in your guess.

However Kodal has gone completely upside down - in a good way - which makes everything very difficult to predict.

The Goldfields were at outset simply cash cows to sell and fund the construction of a lithium mine.

The lithium prospect turned out to be exceptional and we are fully funded to build the mine - 100m dollars to develop.

We did not need the Goldfields capital.

We have millions in the parent plc company so we aren't going to run out of capital to fund wages etc in the PLC.

Bernard has made it clear that the gold is relatively small compared to our main lithium project and he hints at his next project being big, maybe involving Hainan or another.

He may do an about turn on the gold this year, retain the cash in case we get a hold up or delay, once the production cheques start arriving from the lithium mine use a percentage of those to take the Goldfields to a sale value at whatever stage, sell them all, with the cash in from the sales purchase something potentially larger for exploration.

If that happened with all of the cash, Bougouni producing and a potential monster exploration site and Bougouni large flotation plant being built I have no idea what our value or share price would be.

Bernard has not been a company geologist for all those years without identifying many excellent prospects over his career around the world. I bet at there least 10 areas he has often dreamt of.

This time next year we may know what has been in his mind.

Potato and Shyted, it potentially could be the plant etc, for my sins I spent ages last night on the shipping sites.

Cargo ships average 14 knots at best over estimated transit times. The Linkedin picture has the Chinese port written underneath. Input into calculator and that is around 36 days so at that average it could already be on site.

At an average of 10 knots, due to bad weather, unexpected delays etc it would arrive next Thursday.

The update will let us know if no more photos beforehand.

Pharma, the Spodumene is being transported through that port. I think in the RNS the plant is going to Abidjan? It will take big equipment to unload that.

Ricky Abidjan currently has 65 ships in port and 28 expected. Similar numbers every day.

The materials could have been unloaded anytime and it would be almost impossible to know.

Some of the ships tracking looks dodgy info, I have seen a few container ships which are supposed to have set off from Abidjan and their destination is Abidjan - clearly not correct.

A general cargo ship we would be looking for I assume.

Vatian, they are moving at pace. Cheers

Ghost a Royal Navy ship, can't remember if it was an aircraft carrier (Albion) or a cruiser/destroyer had to reverse all the way back to the UK because a dead one got stuck on the front of the hull.

Would not like to hit one in a smaller boat.

Container ships regularly lose containers - you can't imagine something that size floating about in the sea for someone in a boat to hit, wonder what else is out there.

Horult I wonder if it was a Chinese company.

Companies which work in China have a saying, there are no instant noodles in China.

They apparently give a time estimate, go beyond it and do not apologise.

I don't know the specific port, but every other output I got from the freight calculators was double that estimate and more.

Painless, regarding that ship I counted wrong, Sunday the 21st is in the middle of the estimated transit times from the cargo ships I entered into the freight calculator, obviously allowing days either side.

It will be interesting to hear if the shortened time estimate from the shipping company did come in on time or it just landed the same time as any other main company.

Looking forward to the next update.

Agree Accion as this is the case in most countries.

Nielle the closest to Maiden is not in Mali.

100notout, I thought the same regarding the cash in Kodal plc, however I wondered after Bernard emphasised lithium as a priority if he is keeping hold of the cash until we are in production. That way if there was any sort of issue they would not run out of cash and would have no need to go cap in hand to Hainan.

Leo had to go to Ganfeng as an example.

Just a thought which crossed my mind.

How is the Hainan processing plant progressing?

Https://m.miningweekly.com/article/germanys-scholz-plans-lithium-deal-with-serbia-after-rio-ruling-2024-07-17

Ghost, terrible that one fertiliser dissolved into the sea, catastrophic damage. What were the hatches open for?

Oops hit the post button, same time as most of the cargo ship calculators I punched in. Around 46 days.