Member Info for Laverda

Sleepy, I wouldn't get dragged into their posts.

They are simply two people trying to disrupt the board and have everyone dancing to their tune.

Fooca as they are calling themselves is neck deep in Leo Lithium, with all of their well covered issues.

Accion, is invested elsewhere.

Don't be a troll puppet, watch them get excited and start posting again.

Accion, it was not a link to a book, if you scroll down it gives all the reference material that you may need to cross reference with another source. Loads of references.

I think the easiest starting point though is what is the payment for and how much it is likely to be.

Then that is a good starting point for asking is it to compensate for taking a non renewable material out of a country's ground.

If it is a small figure it is not going to be the main royalty. No matter if royalty is in the name or not.

Are the taxes listed a direct interpretation of the Mali name for the tax?

Accion to assist you

Mineral royalties are generally viewed as a compensation to the state for the acquisition of its non-renewable resources. Royalties may be applied on different bases, either volume, value at various points along the value chain or profit/rent, in different jurisdictions. While there is no correct or incorrect version of a royalty, each different royalty type will achieve different and at times incompatible government objectives and will have a different impact on both government revenue versus the income of mining companies and consequently influence their willingness to invest and the mode of mining development, operations and financial performance of projects.

They aim to prove 50 million tonnes by the end of this year.

After the government and Hainan share that puts us right back to owning 100% of our original resource.

Before production even starts.

That would be a big celebration.

PS Elcobble, which means if they had used your price per tonne the NPV would be around the same figure with the updated resource tonnage!

Pretty good when you look at the lithium price other projects are projecting.

Elcobble, the thought crossed my mind too, I would rather have seen the resource increase included and a revised price per tonne used.

They did a strange thing in that they give the updated resource figure in tonnes but left the NPV on the old resource figure with the 2,080 dollars per tonne lithium price.

Always something to confuse new investors!

Nice and clear that presentation very good.

Maybe a few interviews following that.

Then hopefully a separate gold presentation, which may or may not include our other lithium site update too.

Kodalminerals.com/investors/corporate-documents

Ilovelithium, ECOWAS it appears, which was not an issue for us, but nervous investors out there must have seen it differently.

Fooca, what is a hybrid royalty?

You are saying that if it doesn't have royalty in the title it is not a royalty.

There is one American definition, and old one, I think named after the man who created it which supports your suggestion. But it is the only one I have heard about and it was when royalties tended to be simpler.

Your question regarding profit is exactly one of the criticisms of that system but there are many more criticicms too.

Fooca, what is a royalty and in what format can they take?

Then I think you will find you answer your own question.

They are getting so complicated that some accountants are referring to them as revenue frameworks.

But please inform us in mining terms what a royalty to government is, what the payment is for and their various forms.

Fooca, you answer the question then

PS in the context of mining and minerals not music industry etc

Those royalties in your link are referred to as 'surface royalties'.

But please answer my previous question.

Accion, what is the definition of a royalty?

In what formats can a royalty take?

You royally guys can knock yourself out about Royalties here is the link

https://link.springer.com/chapter/10.1007/978-3-030-49821-4_4

The basis your argument is founded upon is if it is not called a royalty it is not a royalty, especially if another tax is labelled a royalty. Therefore one is and the other is not.

Enjoy your reading.

Fooca/Dazaliam, you are getting a little upset about your Leo Lithium shares no doubt.

Well hopefully your company comes out of suspension and your shares are worth something at the end - which will not matter to you as it is not a loss.

No inaccuracies about Leo Lithium readers simply have to read the RNS stream and the presentations on the Leo Lithium site together with the conditions of Ganfeng releasing funds to Leo Lithium in return for a larger share of the resource.

Nice and simple no matter how you paste it differently.

Daz, don't blame you the internet is toxic at times, look at all of the rats that keep coming out on here!

We have another free ride averaged down comment below on another share which has gone wayward, but no financial loss to them oh no, everything is great for them lol.

Read their comments on their board before the event and no hint of taking profits off the table - so either way a self confessed liar.

How many times will we hear that.

Kodal on the other hand with no mistakes so far and a pot of cash, very risky, dangers lurk everywhere.

Even when the last shareholder below is just over the fence!!! Got to laugh at them.

Fooca, accion, did not have it correct, this is their original statement that I replied to 'Regardless of whether it is or will be the Code Minier 2012, 2019 or 2023, the royalties to the state as described in the FS of Kodal or the DFS of LLL are never included in the payments that the Malian state receives through their 10%( free) or 20% or even 30% participation in the operating company.'

The 10% free are royalties, they are the main payment to central government.

Remember I am talking generically not analysing each name of each tax in each different country and then using their tax structure, that is far too complicated. Every country has different tax structures and don't use (or rarely use) the same title for each type of tax.

I am not going to look at the Mali tax structure and go through which tax generically is called what in Mali, I am not that anal.

As I previously said there are other taxes to mines globally/generically, I am happy to concede on that additional percentage, I can't be bothered to go through each tax and see which is called what in Mali that is normally called something else elsewhere, especially since it is in French.

You seem absolutely desperate to avoid your Leo Lithium investors to move over to Kodal.

Accion, not really sure what you are writing about, you seem to look for detail or words which tally with the subject in question.

Royalties (in mining to government) generically are payments to central government and payments to local government. Globally that is the norm and standard.

Paying for the privilege of digging up a country and locally some benefit for any downside, dust, traffic noise etc.

This is what the 10% ownership to central government and 5% locally is, royalties.

Everything else is a tax, even if it may have royalty in the title.

You are getting tied up in detail. Plus across the world there is different terminology which will knot you up further.