Member Info for Laverda

Naylor you are correct it does include a discount. But that discount is to apply future profits today as far as I am aware not a pricing mechanism to directly calculate a buyout/purchase value.

Buyouts use an NPV but as far as I am aware there is no direct project value in an NPV, I would be happy to be wrong.

Everyone is talking about different values as they are making different assumptions, so no reason to disagree.

Mine is purely DMS over 4 years as per Kodal figures, others are going through flotation, increased resource etc.

Daz, to clarify there would only be an increase in value by the depreciated plant value if just sat, each piece in isolation on the premises, but joined together and operational would be a massive increase in net asset value.

It is cash until invested in the mine and nobody buys cash.

NPV is everything included all profit, so nobody will pay that value. So if you put in loads of hypothetical outcomes and came to an NPV of whatever billion, 49% of 90% of that value is ours, then the buyer would pay a fraction of that NPV price. I would imagine that during full production and everything selling, the fraction would be higher than the percentage Hainan paid of our initial NPV as there is less risk when everything is running and selling.

Therefore our net asset value should be high at this point.

Realistic pricing is the NPV for 4 years only of operation is 420m dollars as per the presentation excluding gold and excluding the resource upgrade.

Once the plant is on site and operational the capital value changes.

However Kodal s target is for a 50 million tonne upgrade to the resource and in the last q&a he confirmed it was on target.

A 3 fold increase in resource (as an example) equates to more than a three fold increase in NPV as it would not require additional infrastructure - no additional capital cost.

In that video Elcobble? Definitely I agree.

October/November in that video. Production running by end of December. Even differentiates between the plant turning and production.

Fills you with confidence.

This one includes an excellent video interview

https://newsdirect.com/news/kodal-minerals-reports-significant-progress-at-bougouni-lithium-project-in-mali-148897823

Seems like this journalist can summarise what they heard accurately, 10 days old:

https://uk.finance.yahoo.com/news/kodal-minerals-reports-significant-progress-122910592.html

Time, it certainly seems that way.

But in addition everyone in Mali is posting less boastful and more conservative communications.

You can understand why. The gold ore movements avoided taxation in previous mining code updates for many companies amounting to many millions which Mali did not receive. To then broadcast presentations of increasing profits, expanding resources etc etc does not go down well.

This also may be why Bernard is playing down our gold until the mine is up, running and paying revenue to Mali.

I noticed Hummingbird communicate in a similar style to Bernard - Africa experience possibly.

Onlyking, just an absolutely awful situation for them to be in.

They have left last year's accounts open so they can add any settlement in that year's accounts.

If the Leo Lithium/ Morila mine situation can be cleared up then it should be less of a problem.

Leo Lithium seem confident they can resolve the situation.

Your question though is difficult, assuming they still have permission to mine then it should be able to operate, but a halt was placed on the ore, not sure if it would apply to the spodumene.

Feel for those Leo Lithium shareholders. But it does look board inflicted nothing to do with the government.

OK Crumbles, you have made your decimal point

Maybe I shouldn't get on my bicycle today or go outside, something may go wrong...

Dangers everywhere.

Those supermodels could have herpes, the mushrooms I bought could have a toadstool in them.

Good advice Bellamy - stay safe brother

Pointless signing it.

It is a tool necessary in the industry, maintains liquidity and hedging just two reasons.

Sharespy, yes I agree - open cast or open pit is the Aussie terminology.

Careful about using terminology from the UK, I have ended up in endless debate posts when I have done that.

I like the way Bernard is on the geology, with the lithium veins and combined with Steve how to process them.

Looking at existing gold resource data, spotting flaws which prove correct but also where good plays were missed, just by reading data and then testing theories.

Has anyone else got a CEO who can do this?

Builds confidence.

But of course he did that job for one of the biggest names in the World, so maybe we should not be surprised.

Angelis, Bernard said they may declare the Nielle resource later this year. This will depend on the results from the lab after completing the previously mothballed drive to proving a maiden resource (value) in 2022.

The old original plan prior to the scramble for lithium, Hainan etc, was to take them to maiden, sell them and fund the development of Bougouni and West Bougouni.

We are wondering now what they will decide to do. Nielle is not in Mali, so if they wanted geographic spread then possibly they could mine Nielle? Or maybe it is too small for us now and will be sold - we don't know.

Also it is still in the same African region, ECOWAS etc.

The new website when it arrives may hold a hint to future possibilities.

Agree Elcobble

Whatever happens this is a short term until production - a very short term.

As far as excitement in shares go, it will be an action packed 12 months.

Then hopefully Hainan want a goldmine too......then off we go again, similar path with the same company. They may be interested in Fatou if it shapes up how Bernard thinks it could.

The mine is turning into a big monster mine. Great for us and much bigger than initially anticipated - although this appears to be a lost memory today.

Spodumene today is a fortune compared to the figures we were expecting at outset, above our initial dream price - again a lost memory.

Suay Chin were after the offtake when the mine would be lower tonnage and lithium a lot cheaper. They kept an exit door due to potential risk.

A monster mine has a monster offtake agreement, there aren't a lot of companies who could cover that offtake commitment, just the usual faces and Fosun who are moving into this space.

I have not seen anything so far which is not predictable as is our buyout.

100notout I agree regarding the purchase, unless the Leo Lithium issue makes large companies in JVs rethink their strategy.

However to get a company to part with their share of a mine early it would have to be above the value at time of the offer.

That Leo situation may bring about some interesting deals, which may be better. Only time will tell.

PS,100notout, on reflection I do wish we had raised a little more cash in 2022 and finished Nielle to maiden, however there could be more reasoning behind the decision other than just lithium.

100notout, remember the plans were set with the money in spod prices of 4-6,000 dollars. Now it is just over 1,000 dollars, plans have to adapt.

However I don't see the negativity, in the high prices almost every poster on here thought after the agreement period Hainan would take all of the offtake, I can't remember anyone having an opposing view. So three years (was it three years?) or now what is the difference?

Bernard said Hainan had given us such a good deal they would not push for anything else.

Looking at the other JVs etc ours is looking very good.

Anyone highlight a better one?