Member Info for Laverda

Fooca, just for others reading the post, we are talking about leo lithium it is not on AIM or this would be taken to another board.

You are disputing what is written on the leo lithium website.

I genuinely hope that the Leo Investors come out with profit still.

However just because you hope something will happen is a massive cry from a company which lists potential errors and starts making provision with tens of millions of dollars and their JV partner puts conditions on that money that the issues with the mining office are resolved.

A company does not make this level of provision for no reason, they are also taking these potential errors very seriously. The provision they have set aside is between around 30 and 60 million dollars.

A news article or your thoughts don't count for much against that evidence. If you are a shareholder in that company that is a shame. But in my opinion on this one the writing is on the wall, either losing the tax incentives, a big fine or both - the company looks resigned to the same.

Not throwing mud it is all on the company website.

Accion, you mean the local payment?

Whether Leo stays on the 2012 is central to their discussions and if they retain the tax breaks offered is why they have such large provision made for the outcome.

What was the exact total tax break they were to receive as part of the Mali government inducements? Was it 48m I can't remember.

It ran into 10s of millions anyhow, which is why their penalty to the Mali government could potentially be as high.

So at the moment you don't know which code they may fall under. Could be 2023.

I think they are hoping for a rap over the knuckles and a fine, but until it is finalised nobody knows the outcome.

Fooca, best to stick with what is on your Leo Lithium website instead of going off into fantasy.

Atlantic up too, Zinwald big drop.

Looks like the unmentionable share are selling and may be jumping ship over here.

Double whammy for the share price experts.

Fartjet, finger on the pulse as usual.

Mind he is good for us, every time he quotes a specific lower share price it goes the opposite way up.

Done it three or four times now.

Cheers Potato head. What a waste of space.

Potato, who is Liam on here?

Fooca,

The governments free share/stake is how they receive their royalties there is nothing else in addition.

Their right to purchase share is entirely different - but that involves a payment from the government for that share.

I hope you shareholders in Leo Lithium still make a good return on your investment.

Fooca, Leo Lithium submitted the government documentation for their free stake after the government pulled them up on it, the update again is on your own share site.

Fooca/Dazaliam.

Leo lithium 8/9/2023 Africa down under presentation

Leo lithium received from the government correspondence in these areas:

DSO (ore)

Status of government carry free stake

Overall progress of Goulamani project

Firefinch / Morila Gold mine. - hence supposed to be no connection, obviously the Mali government think different - their legal team?

Latest comm:

Execution of settlement documentation with the Mali Government will release your first tranche of funds.

Settlement with the Mali government continuing to remain in good standing will release the second tranche.

The company will provide an update when a settlement has been reached.

Not quite sure who you are disagreeing with, Leo Lithium, the Mali government or just the use of individual words.

0777, can't see any on the horizon, Bernard gave a video update, everything on track.

Can't see the mining office seeing our licence transfer as urgent, we are building the mine and won't start mining until the year end, plus we can mine as we are. Leo Lithium are continuing too, but do seem as if they owe the government a lot of money - so that may be seen as important.

The mining office in Mali is focussed on this gold ore clamping down in the mining code update last year, so they will be focussed on gold not any other material.

Unless Bernard has been looking further at the gold offer submitted with the lithium offers I can't see any major news arriving in the following weeks.

But to be honest in our current situation no news is good news really after the last update. Look at some of the horror RNS messages the other lithium companies have received, mainly more borrowing another may be waiting for a life or death RNS this week or next.

Elcobble, it is going to bounce at 0.25 fartjet jumps in with his wedge.

BFD, well called.

They always win in their posts even after selecting and promoting the biggest duds on AIM.

Sleepy

1. The Kodal that many of us researched, and can still be seen on the outdated website, was hoping for a spod price of 680 dollars per tonne, with a tail wind that was predicted to increase this price a little each year. If it reached 800 dollars we would have been ecstatic. Good money can be achieved on these figures.

Newer investors have completely different lithium figures in their minds and understandably are disgruntled.

2 It is at least 10 months until production a long time for some investors.

3 Hainan operate in steel, lithium at 800 dollars per tonne would be high margin in comparison and they need lithium for their lithium plant. The money is in our subsidiary in the uk of which we own 49% it can't be taken away.

Leo Lithium through Firefinch has a legal battle regarding the Morila goldmine, it was supposed to be a clean break, but money was set to go back to shareholders which is the basis of potential liability. Ganfeng has nothing to do with the gold mine. Which is why any costs will be out of the Leo Lithium side. On top of that they did not complete the government's royalty (government's share of the mine) which is incredible and just to make things even worse, appeared to be going to sell thousands of tonnes of ore without changing their licence.

Moving it under the samples allowed on the same type as our licence. You can find all of this on the leo site and in interviews.

But apart from the leo interviews, presentation and RNS this is not fully in the open and there are ridiculous rumours everywhere.

4 more of your thoughts than a question

Speedy, a lot of blondes, I had a Google. Suspect not all collars and cuffs match...

If you do understand, things are just as they are. If you don't understand, things are just as they are.

Fortunately for us, we are Aldi not Waitrose. We will thrive.

Rory, I know what you mean.

However if a million tonnes of production was lost due to mines no longer able to operate on those margins and closed.

But the market has only dropped 800,000 there is opportunity through demand for the lower cost production mines to fill that gap of 200,000. A mine is operating or not, it is not like retail selling of third party product. So it cannot exactly follow demand, it has small variability otherwise on or off. It is difficult to start up again too.

If low cost extraction mines keep expanding and filling demand the high extraction mines will never get back in.

Demand moved to high efficiency low cost production. For low cost production mines that is an increase in demand for their product.

The mine closures can't exactly follow supply needs and conversely if demand picks up it will be difficult to keep aligned.

Rory, what you mean is overall lithium demand does not increase in that scenario.

However demand for efficiently and low cost produced lithium will surge it has to, because it has to replace the high cost extraction lithium which can no longer be produced. That falls into our market.

I am not sure that you would describe the low sale of supercars because most can't afford them as constrained supply.