Member Info for Laverda

Sharebug, yes I was confused about that because pre-strip is later in the year.

I struggle with australian terminology in mining. Is topsoil management part of australian pre strip process or separate?

If they remove nothing then I don't understand what they will be mobilised to do other than construction.

Mattslim, the last presentation has the timeline for each piece of development, I think it was a blue line with circles and dates.

Complete civil designs and commence construction was the target this month. So I don't imagine there will be much to see unless they are a couple of weeks or more ahead of target.

We are a little explorer trying to get a site to full production mining. That is the process whereby we make large profit, because it is not easy and many sites don't even make it to a jorc resource is why the multiples are so good for investors.

We are way down the path and within months of production. An excellent achievement.

Hainan are a huge mining outfit who no doubt at some point will buy our share and off we go exploring again.

All of the stuff written about explorers to miners etc by experts, journalists etc may or may not be correct, however we are on the final home straight and only that tiny piece of the process is relative to us.

For investors being human, the closer it gets to a big win the more stressful it becomes.

But logic, commonsense and experience should overcome those feelings.

So best only to read relative material of this stage of the process not back to from start to finish explorer material which is not relevant to our lithium only relative to our Goldfields.

Horult, I agree with you, got what you are saying, yes the transfer is not the major piece of the jigsaw in my opinion either.

Institutions I can't see buying until we are in full DMS production, large ones not until flotation production.

I am expecting a few of the wealthy large investors to appear sometime between now and the plant turning for final checks.

I have been on a lot of shares and never thought to jot down when they arrive. Some of them speak on the chat boards, Oliver to name one. Unlikely that they will not have this one on their list. Some nice people amongst them.

I think the licence transferring will affect the share price, just my view though so we should all benefit.

The licence transferring could open the door to potential outside buyout offers other than Hainan. Potentially also calm some people with regard to Mali.

We are in a 30 week countdown in my opinion and something along that path will trigger a stampede, quite which event with today's investor minds I am uncertain as often they defy logic.

Horult, you mean our potential profits, you said you were on a free ride here.

PS, but answering your question properly, perfect case and with the benefit of hindsight, I wished he raised a little more cash in 2022 and continued only with Nielle because it was so close to a potential maiden resource.

If the figure was reasonable it would have raised Bernard's credibility as a CEO. And the offer may have been higher if in Nielle

Re gold. I am under the impression in Mali and everywhere else there is gold all equipment and contractors are working flat out.

With the likes of our lithium actually buying equipment for the contract - scary.

So Bernard may well have ordered drilling on Nielle and Fatou, but they may not be there before the dates he indicated, those sites would not warrant contractors buying new equipment. A few dud holes and time could be called on a site.

He is putting gear in.

I am not sure, because of the geology if he trusts anyone to work those sites without his input. So much past drilling data was incorrect.

Oneandonly, yes get it out of the ground or something like that. I think he said.

We would say get the work done below ground so we can work above ground in the rain.

Aussies are economical with words.

Miko, yes I agree regarding the rainy season, if Steve reports everything that they targeted to complete has been completed before the rainy season then that will be a big boost of confidence.

I got the impression from the interview that they are not stopping during the rainy season.

Horult, Regarding selling at 0.7 or whatever, I find when I look at historic graphs, I always wish I had done something different. However when I am in the action of doing some big trades it is not so easy, can't sell big blocks quickly enough, can't buy due to spreads or can only buy in small parcels, then after a long period of hard work and sweating it a bit, the historic graph makes it all look hindsight easy.

I think we probably had the time here, but without being in the mix you never really know. There was some insane spreads for this share. Down and up, both would affect liquidity.

Horult, got you. I think we will keep off the maths if we can avoid it.

It is difficult calculating compound growth when there are withdrawals and trading.

If anyone finds a good free compound calculator on the net which covers these events please share.

Horult, possibly just me so upfront I apologise if it is.

On here you say you trade and then go with that free ride stuff so many traders talk about.

However I read the Prem stuff because I am interested in mining and plant, I read a lot of mining boards. However on there you also talk about a free ride with Prem shares

How can your investment be up 100% if you removed it and are on a free ride?

Daz, I have looked a lot at various pilot plants around the world, they are a good idea, but with share companies they appear to have a bit of an issue.

Nobody starts with a pilot plant if they have a proven resource or unless there is an issue with the material going in to a plant.

Often the reason is compromised ground, artisan workings etc.

The problem seems to be that if there is not a massive possibility and a big story behind it, then it is difficult to attract investors money. In my opinion this wastes too much money and the precious cash is not focused in the right areas.

In my opinion all the drilling cash has to find is enough material and with enough data to ensure in the first instance that the pilot plant recovers its investment and a previously targeted amount of cash before moving to next stage. All the initial data should be ensuring that the correct data is available to select the correct plant and configuration. If all that happens is they pay off the plant and have some cash they get to explore another day.

But sensible and boring doesn't cut it so it appears these days investors are looking for a 12-18 month fairytale ending. Rainbow chasers as the industry call them.

That is clear here, everything lined up taken years to get here, very dull for many investors and why Kodal's shares are trading at a discount to NAV.

Pullone, investment term I meant, short term investment, normally associated with investments under 5 years, this one is under 8 months term to recognised inflexion points.

Major project real value uplifts if you like.

To their first most major inflexion point, DMS production, flotation plant is the second most major one. Gold etc would be expected to be smaller ones than these.

Horult, only when people pretend to have different tactics it irrates people especially if they are on a particular subject matter in a thread.

I have known many people trade one share, make some money pocket it and if they catch the big climb at the end great if they miss it so what, it was regular sums they were after and a gain is a gain.

I do that with OEICs occasionally rather than shares, spot an opportunity ride it for a while and out, don't worry about anything I left on the table. Usually gold, but Japan and some specialist funds I have held for months only, good thing is, except for gold and some commodities, everything is not all in one basket.

But I like a LTH share and try and get the big multiple, equivalent of 10 years pension contributions in one well researched share. Because it is high risk on AIM.

Very short term this one now, Bernard expects the plant spinning October/November time, production by the end of December and Steve another month or three to reach the highest output as they think they can optimise the plant even further.

Horult, no arguing just a chat board.

Coming clean about trading is good and personally I don't mind traders at all, especially ones who state that is what they do.

Then everyone on the board takes comments in that context - good luck with it and I hope it works for you, loads of different ways to make money with shares.

You would do what you are doing if trading. And long term holders are not better than traders, just a different tactic.

So in summary you have spread your money across a few shares most are dogs, taken a large part of the gains from your best share and therefore taken a huge amount of risk for little reward.

I would take a look at specialist funds and give AIM a wide berth.

Not rubbishing ACC, a good contributor to the board.

Bernard has said the previous data is flawed he spotted inconsistencies with it. However he also spotted inconsistencies in the areas the previous companies thought poor areas. Bernard has since tested his theories and so far proven them correct

Where previous companies thought were good were not. But the areas Bernard thought may be good, so far are much better and much more extensive than he thought. He seems excited about the prospect.

He has mentioned this more than once in interviews.

So I would not put much weight behind previous reports, however seeing Bernard's enthusiasm maybe they have potential for much more - yet to be proven.

Remember that the current NPV includes all road and bridge building, site clearance, plant construction, electrics, water etc and is only 4 years production from the DMS plant. The same plant over the following 4 years NPV would be around 500m based on the same production figures, because the plant is there and everything is built. The flotation plant will only have its own construction costs associated with it in its NPV figures and produce around double the tonnage.

Even though Hainan paid the cash for build, the figures for the DMS NPV include initial capital costs.

Sometimes a little mind bending when not in their world.

If the resource increases to sustain 15 years at 370,000 tonnes per year or more the figures will be huge, especially for Kodal and its humble beginnings.

Then add on the share of West Bougouni and all of those gold fields.