Member Info for Laverda

Good one clapa

100notout, the mining office is sorting gold in the 2023 mining code update, just go to any gold site and there is reams on it.

About grandfathering rights, ore processing anything you are interested in - all relating to the mining office not being open.

I think I read a Barrick one earlier this morning and it was dated Feb 2024. Any Google and you will get them.

It is one of, if not the biggest source of revenue in Mali.

That is why the licence has not transferred. No other reason. The office isn't open.

But, for Kodal, it doesn't need to transfer, we are fully permitted and can mine as we are. For Hainan it does need to transfer so they have a JV arrangement and not just a lender of money with an offtake.

Cheers Daz, do you think that the Leo situation may trigger a board discussion at Hainan/Fosun meeting? Possibility they go for the earliest opportunity buyout?

Sorry elcobble missed your first post, yes they are being removed in 17 days time.

Monumental CEO and board mistakes.

PS, they are lucky they have Ganfeng who could afford to give them something as a safety net.

Depending on the stuff behind the scenes at Leo, this may trigger a board discussion at Hainan and they may decide a buyout of us is the way to go to remove the risk which was at Leo Lithium. They may see Kodal as a potential risk to their reputation. Buyout before year end? Or Hainan ups scrutiny of everything if not high before.

Leo have made Ganfeng look stupid. Hainan will have seen that.

Elcobble, according to their shareholders in their board, it either has to be resolved, obviously before the 18th of this month, which may happen if the mining department have been working on it, but if not they think a cheap buyout from Ganfeng.

One thing, that Leo Lithium's CEO career is finished. Only seen one other balls up of that magnitude and it was Strat Aero.

Terrible for shareholders.

Https://leolithium.com/investor-centre/asx-announcements/

painless, onlyking, check out the leo lithium website, quicker than i thought, bull**** onlyking? read this

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

Hello Painless the mining office is sorting the gold ore tax evasion/avoidance issue in Mali, it is costing millions and making a mockery of feasibility submissions.

The UK or anywhere else would clamp down on that too if they had the same rules.

Leo is a complicated one as they are specific to Leo. Are there time limits on forced suspensions on ASX?

Because this one is not voluntary?

If there is a time limit the mining office may prioritise it.

Hadrian - we used to be the same once, not so vocal and a lot more powerful.

Loads of stuff on it, but this one gives a blanket background

https://www.washingtonpost.com/politics/2021/04/30/chinas-belt-road-initiative-invests-african-infrastructure-african-military-police-forces/

Apparently there are many more Chinese security forces in West Africa but they operate through many tiny organisations.

Russia is a bit like Cuba, like to make a splash, a bit of an entrance.

Whilst the real forces and issues are stealth like and Joe public are oblivious.

Like a big gangster, useless if everyone knows who you are.

Paul KMUK is limited.

Kodal Minerals is a PLC.

So your question regarding KMUK - no.

PS before DMS if it was going to happen.

Makes sense Daz, major mining company.

Kodal can take their cash, have their own (relatively) small income generator, probably gold and a small percentage of West Bougouni and maybe Bougouni too, then source another mine for a major, possibly Hainan again.

If the resource expands enough before October or so, I reckon it could be before DMS.

Surin, I think with the new staff appointments at Bougouni and the Hainan crew out there and more going out that may well happen soon.

We don't have a clue about the Goldfields potential value.

We may all be way underestimating their potential as originally they were thought of as stepping stones to fund Bougouni before Bougouni turned into such a major prospect.

We will see.

Badomen, where is there any concern anywhere from a mining company about change of ownership following a JV?

The concern in the new mining code is for gold mines which over produce over a set margin above what they disclosed in their feasibility study. In 2019 a penalty was imposed for doing so.

To get round it some mines were moving over production gold ore to another mine and avoiding the penalty. In 2023 this loophole has been closed.

However some mines run into the same processing plant, it is these and similar situations that they are ironing out as we speak.

A couple of reasons why this would not impact us, we are not a gold mine, have no intention of moving ore and are not yet mining.

Accion, the best? Hardly. Payment to the central government.

We know which one compensates at local level.

Accion lol, I know what you mean.

The definitions are all pretty much the same.

Compensation for taking a non renewable substance, mineral or whatever.

Take out the basics corporation tax etc which are obvious.

Then look at the size of the remaining taxes. Try and eliminate the largest taxes as not being a royalty and you should have it/them.

No mining company will be allowed to dig up over 100 square kilometres and pay just 7-10m dollars. Not that if it has royalty in the name it is not some form of royalty. It can be a combination (hybrid royalty) alongside another.

Then look at the remaining taxes and see if they fit one of the criteria, rent/profit sharing and the two older versions you previously posted or any others.

Like I said in a previous post only one version of royalty, American I think with some man's name to it, states in that definition it has to have the word royalty in the title and I don't know if he was global just america or state specific.

Other definitions don't necessarily include the word royalty and state this as per an example I posted. It was a cut and paste not my words.

However like I said accountants are starting to refer to them as revenue frameworks and similar titles.

Possibly because of the royalty finance which is currently prominent and potentially confusing, I don't know.

It doesn't help Mali being French and the companies mining there using their country's words for something in Mali.

For a simple example, in the UK we use the term open cast, Australia open pit, Kodal are using the term open pit, but I would be surprised if Mali being French speaking use that term.

That is a simple one - taxes on the other hand..

Badomen, that is at odds with what Bernard said in the presentations.

Point us to your evidence of this potential outcome.

Ownership changes on every JV and the government stake, never been an issue before.

There you go sleepy, a troll out of the woodwork. We all know that one.

Next.