Member Info for Laverda

AP that had a lot of detail.

Hitting the ground early next year on Nielle goldfield.

Costs per tonne expected to be lower than forecast.

Resource upgrade probably in two steps, 40is then 50m tonnes.

Plant built under budget.

Looks like nameplate may be declared at 125,000 tonnes output or more. That is good.

It was a five minute company plug slot that many companies do, not an update.

Once the funds are in from the first ship I imagine that will be an update RNS and following interviews.

Maccc thank you. Actually Bernard did a brilliant job promoting the company in those five minute pitch slots, many CEOs don't do that well at all.

In typical Bernard style, the five minute pitch took seven minutes.

However he delivered that really well from start to finish in a relaxed style.

BFD, yes Bernard never said how much in the last interview could be nearly all of the loan, he will tell us no doubt.

The second shipment should clear it.

Badomen the second shipment should pay Kodal PLC's agreed debt repayment from LMLB, 5.8m I think it was. If not it will take until the third load.

If there is surplus from that after allowing for working capital the government starts getting its share.

Then the following loads should have an agreed floor price and providing everything was settled by the previous two loads then they will be the indicator of how things will run from then on.

But we would be guessing floor prices and guessing spot prices and guessing the AISC at each spot price if anyone makes predictions.

So much easier to watch the payments roll in..

Badomen, Bernard covers the order of payment in earlier interviews and mentioned it in the last interview.

These first two ship loads payments are mainly going to be distributed for working capital and two loans one to Hainan and the other to Kodal PLC.

The costs aren't charged twice, the facility paid for the stock and any remaining cash in LMLB, the first shipment pays part of the loans. There is a second shipment to go to port and payment to receive which will be duly distributed.

No doubt Bernard will cover it in the next interview.

MMFoder yes there is an order of payment before the government share etc kicks in.

However the price rose so much from getting that facility to the sale it is peanuts.

Agree, when I get time I going to try and find a decent subscription only share site.

Don't have the time to be filtering and scrolling past crap.

But do like the idea of many eyes scanning loads of places for awareness.

Absolutely perfect flyfishery, way better than most of the AIM shares I have followed.

Kept the hype under control too.

Very pleased.

Https://www.mining-journal.com/miners/news-analysis/4524016/kodal-usd24m-shipment-leaves-cote-divoire

Certainly starting to hit the press now.

Been very little coverage it is everywhere now.

Https://www.ecofinagency.com/news-industry/0112-51001-mali-kodal-announces-first-shipment-of-lithium-from-bougouni

Https://www.northernminer.com/news/kodal-ships-first-lithium-from-mali-to-china/1003885225/

I see the Clipper Tarpon was the right call for the ship, picture on the website.

First 24 million dollars now rolling towards the second.

Fantastic.

Just as an example of a material not even in a chemical process 'just' railway ballast see the link, then think about testing, quality control and pricing as supplied:

https://www.sciencedirect.com/science/article/pii/S0950061822018815

BFD deadlines which never existed.

On budget is the key.

And share price targets invented in people's own heads on this board.

Usually the Trolls.

Badomen - quality I agree but not a simple grading.

Bernard Q&A you will get the opportunity to ask for the full detail and if Bernard smiles and says that would take a full session you know you didn't have a hope, if he says we did it simply and gives an explanation you can all see if you were correct or not.

But pages of arguing without the information - pointless.

Badomen I have not seen anything as simply calculated as people are making out on here.

Spodumene is part of a chemical process not gravel on drive.

Agree BFD pointless calculations I keep saying so.

Exactly like you say if you are actually dealing it may be a price at that second we don't know, we know it would have to be recorded and able to be verified by both parties.

Simple looking materials, such as just ballast rocks, but Spodumene, etc are anything but simple when you get into the industry.

So a bunch of dummies like us are very unlikely to be able to calculate any of their value.

Any material where laboratories are involved means you haven't got a hope.

Some really boring materials are complicated beyond belief when you start mixing with people in departments within the industry.

Lol potatohead, I don't mind anyone saying anything.

My apologies if it communicated differently.

I suppose Bernard may give you an explanation.

I just want to get the two ship payments in, the working capital facility fully repaid and Kodal PlC 5.8m or whatever it was and then turn to the other projects.

Bernard and co can sort the floor price and find how much capital we will receive for stage 2 offtake, then see if we have any shortfall to fill.

Potato exceed 930 dollars.

Bernard said 930 dollars.

However our first payment will be the 5.8m or whatever it was which was a loan to LMLB. That should be from the second shipment.