Member Info for Laverda

George, West Bougouni? I think so.

Gangeng will want that cleared up fast as they need government permissions to continue, I am not sure how much longer they can work under their existing permissions. Just normal processes no drama.

Daz what concerns me if I had been a leo lithium investor is even when they have managed to salvage money for shareholders is the tone of the way that is written. In my opinion it was all board incompetence and had it been a democracy I don't think they could have negotiated such a settlement.

Around early 2023 I posted on this board asking about their updates regarding direct sale of ore to see what the process was in case we did the same, I could find no asx announcements and nothing in the presentations. For a board to think permissions for storing ore to put into a plant is the same as storing ore then transporting directly out of the mine site is unbelievable in my opinion. Anyone who has worked in this space will be aware of all permissions needed to do anything, it is a headache.

Plus the Morila mine payment trail was simply pushing their luck to the absolute limit.

In the end they have got off very light, the 60m payment is only 12m above the tax breaks they got under the old code which they were about to break, shipping ore

The Morila gold mine shares are not worth much.

The shareholders have got out with a much higher percentage of their money than I expected. But so sad that a greedy board tried to push the limits that far. The old days of using slick consultants and exploiting loopholes have long gone.

I will be amazed if that CEO continues as a CEO.

What a mess.

From our point of view our deal will progress. It also shows the mining office is working.

Leo Lithium 60m dollars settlement and sell out to Ganfeng, that was a good result out of a terrible position they put themselves in. But our sale will complete with Ganfeng it appears.

https://www.leolithium.com/investor-centre/asx-announcements/

Panthera increases holdings in Mali and decreases in Nigeria.

https://m.miningweekly.com/article/panthera-restructures-ownership-of-mali-nigeria-projects-2024-05-07

Cambo- https://themaskedstocktrader.blogspot.com/2015/01/why-are-buys-showing-as-sellsthere-are.html?m=1

Onlyking, and they continue drilling.....

Interesting that they post that under one of the drilling machine pictures.

Could indicate that the DMS vein drilling is on target, not all drills to the DMS veins.

Are we going to get 50m tonne resource on the estimated date?

Comeonbernie, he will laugh last if you get a pipe burst upstairs.

Be prepared or be prepared to fail or something like that. Bet he carries a leatherman too.

Clapa, good article.

It is a good idea to look at that area in Northern Mali from satellite and some unconnected footage from the troubles, huge expanse of nothing.

Without satellite assistance you could as an army soldier drive around the area for your entire career and not bump into any militia or criminal. So they need either the west or Russia.

I doubt that the West would be eager to point out ISIS suspects to African soldiers as everything is recorded.

Russia will just pass them on.

It is a large part of the Italian refugee problem which could be why it is getting airtime - but far as troubles in the world go it is way down the table of importance or size.

It must be irritating if you are from the rest of Mali which is peaceful and getting on with life.

I really cannot get my head around current journalism.

They are reporting that armed groups are creating starvation in the north of Mali and elsewhere as if it is new news.

They are not holding anyone and the current situation has been going on years the UN etc are useless at dealing with it, they completely failed their mission.

The terrorist tactics are very basic and very simple they sneak into an area across the border and create a lot of fear and loud noise in tourism areas. It kills local businesses and the immediate area goes into poverty, the locations are where their criminal activities pass through, once in poverty the locals have no choice but to get involved in their activities, people trafficking, drugs arms etc. it is at strategic borders only and in at least 5 or 6 different countries. If they don't get involved they starve.

Such poor reporting and numpties in our country believe what they read.

They also don't seem to realise when a force kills a leader of these groups and is having some success out of time and incorrect reporting does not help.

Clapa, yes I am with you, not much interest in day to day share price either.

More interested in everything going well on site and everything being completed properly.

That said, because it is AIM you can never turn your back on it, it can be up pence for the craziest of reasons then back down again. So always best to check in a couple of times per day.

Clapa the drop could be to do with the joint army force success.

They took out an ISIS commander on the US most wanted list.

They are having some success.

Bit embarrassing for the western force who were there before.

Everyone is waiting if an up and coming commander wants to make a name for themselves with some sort of repercussion.

After watching some programmes around the area it is laughable the airtime and media attention they get, those areas are barren and have very little population. Terrorists are in a couple of pick ups and the army is usually 7-10 consisting of a big machine gun on a truck and a pick up size vehicle.

The only thing of substance in northern Mali and the other locations they travel along is the trafficking of people etc, again all in pick up trucks it is nothing but an illegal trading route.

Bottled the MM want to trade shares as that is how they make their money, they only increase the spread when they are struggling to hold enough shares above trades to maintain liquidity. If they overpay for shares they lose.

That does not mean that everyone will not sell a share, it is the amount they need to maintain liquidity.

The spread has just dropped but is still wide enough to deter buyers

People aren't parting with their shares.

Sticky investment this one.

Who can blame them so near to production

Guys, we may get a gold update, they should be working, if not now, in May.

Nielle is close to a potential maiden value, at this market cap it could make a big difference.

It just depends if Bernard gives a timeline or not.

Fatou I would expect to influence the end of 2025 to early 2026 if it keeps extending in area.

Marshall, it is software, much like software behind atomic bombs and driverless cars, nothing to worry about.

Spinning the plant October/November FULL production December.

Unlikely but possible there could be some spodumene in October.

Everything is going very well here - very pleased.

PS, I am surprised we have not got a following chase up on the original gold offer with gold rising so much since the original offer in 2022. Shame they were sealed bids, so we don't know how that was left - maybe a question for the next q&a?

Yes Stephen, that one is major. It could put our share after Hainan and the government at 22m tonnes if they hit target.

Then they are still drilling!

June the next big official update, May in a couple of days, not long.