Member Info for Laverda

Dazaliamreborn, that is the share that you are invested in Leo Lithium.

Until Bougouni is fully drilled nobody can make the feeder assumption.

Plus we are only interested in the return on our investment, not beating anyone else's resource.

Resource for vanity, profit for sanity.

Hadrian it depends what a b and c means in your example.

The only known we have are NPV calculations which now are 40% up as a minimum, because the resource is 40% up, but capital cost is not up 40%.

Which means an estimated NAV of our share is possible if we were to sell out at that value.

What the market price for our shares are has absolutely no connection to that known value.

Neither is there any connection to the final resource figure as that is unknown.

All that is certain now is that we are trading at a discount to NAV.

Without any gold in the calculation.

Good point 100notout, you are probably right about the market.

Also few know that a smaller site next door with earlier drilling is now up to 4bn dollars NPV, we were up around 760m dollars after the last 40% uplift in resource before the big drilling starts.

Also there are a lot of investors who appear to think a share is worth what people are currently paying on AIM.

They certainly don't want to be buying and selling anything at auction. If everyone went by that philosophy if a handful of people bid up a scrap BMW to £10k in their mind that is what it is worth, or if someone spotted a Rembrandt and picked it up for £100 that is all it is worth.

Not the way auctions work and not the way AIM shares work either.

Almost like a few thousand people can't be wrong philosophy.

I agree with Elcobble and Matt.

Personally at present, unless he has to release an RNS for anything I prefer the likes of the BRR update as in the last one.

It is very clear if 100m dollars in the bank account doesn't jump the share up significantly then at the moment not much else will.

The other nonsense floating around in the background which has no influence on us, except rumour and gossip, all needs clearing up.

A few bits and pieces of tidying up elsewhere will help us, then a stream of RNS to production targeted end of year.

Bernard also cleared up the current lithium price, which is still high for us.

It is going to yo-yo. No worries for us - from Bernard.

100not out, explorers in my experience are never taken over this way, if they were the industry would collapse.

They need explorers. I reckon if any company did do that they would be out in the cold and finished after their existing contracts.

Anyone seen that happen anywhere?

Hyper-al, we have a JV with the Chinese government effectively. Hainan is partly owned by Hainan province, hence the name.

You reckon the Mali government will upset the Chinese? Agree with you, diplomacy required and I think they will get it.

Painless, minor detail that extraction costs are higher than their sale cost - lol

That one is for traders and hopefully only traders lose on that share.

Mrnoidea, excellent thanks, everything on track targeting production later this year.

He clarified again and multiple times prior, we have the mining licence, we are FULLY PERMITTED we are clear completely to production, no obstacles.

Agree Patterdale. We are 11 months from production so nobody feels they are going to miss the boat.

We have the insane Leo situation next door all to do with Leo no wider impact, the mining office closed trying to iron out details in the 2023 mining code centred around gold and gold ore, then in the background ECOWAS, but Mali is not on its own, there are three or four countries unhappy with ECOWAS and the ECOWAS countries import food from Mali, so it will be interesting to see what happens. But remember it is common to have disagreement with ECOWAS and trade continues, I think they just kissed and made up last year or the year before on another issue and it did not affect mining in Mali.

We could do with some of that clearing up because it appears to influence the share price even when it doesn't directly affect us.

Doubling up - an AIM share virtually risk free?

At least you have a sense of humour.

ECOWAS in the news at present.

Not your jinx.

£450m NPV, probably offer between £90-150m dependent upon ease of extraction, local infrastructure and capital costs.

More than our current market cap!

Techno, hope it goes well for you too.

Matt I am hoping so, if everything goes to plan I see no reason why not. Patience and being chilled is required.

The NPV should climb high on the back of all of that drilling, it jumped 40% on modest drilling.

With AIM it is just whether everything goes to plan or not..

Momoni, I only go for AIM shares where potentially I can see a multiple of 10 as a minimum, otherwise to me it is not worth taking AIM levels of risk. Purely risk reward.

This has the potential to exceed this, whether it does or not we will see. It is an AIM share, you either remember fondly forever or what happened there!

I don't compare with others too many differences.

But Hainan bought in and they are no mugs.

PS Techno, the website is massively out of date, we are around 11 months from production. See last presentation, RNS rather than the main website.

We can extract and sell including all costs including transportation for under 500 dollars per tonne.

Anything over 680 dollars per tonne sale price is good and sustainable for us.

I think they are the main points.

Techno, just the usual AIM share so early stage company, but of course that is why there is so much potential growth, Africa generally and world events.

From a pure cold mining analysis, huge resource next door and we have more land, we have access to an electric substation right next to a huge water supply which doesn't dry up, very close to a large tarmac road used for their large cotton industry, which they call the cotton road direct to the port. The port was good anyhow but is going through major expansion.

A thriving and massive mining industry in Mali many foreign miners been there for years including large internationals which, apart from COVID, never missed a beat

The credentials of Bernard as a geologist, Steve for setting up and operating mines, lithium included, and Hainan of course could not be better.

But this is AIM not a high interest cash ISA so everything in that context and of course DYOR.

Yes George I can't see it either, if they did we would get an RNS as they are a major shareholder.

All good at the moment, one week down is a week closer to producing lithium.

Danners if it stays where it is it will remove a lot of potential competition in 7 years time, maybe delay them a year or indefinitely in case it happens again.

One AIM share has plummeted with the low lithium price and likely will not start up until the price is buoyant again.

Some others have remained with a decent market cap, a lot of optimism amongst their investors even though there would be no profit for them at this price.

We can operate well at these and less prices, but in 12 months time the price may be higher and anything on top is a bonus.

In addition governments may behave a little bit more calmly, Mexico was ridiculous as an example. They lost their heads for a while.

Richie, neither frustrated nor confused, the cash is in and the project is moving on.

Any issues must be reported to shareholders and we all know how Bernard is a stickler for rules. So there are no issues.

Unfortunately I foresee a war and peace RNS with loads of stuff in at once. He seems to do these, follows with 2 interviews then gets on with the job. I am not a fan of these. I prefer small bite size chunks that don't lead to inevitable debates about choice of words or it instead of them etc, but Bernard is careful with the cash which is good.

Leo Lithium paying the government and clearing their problems, the mining office opening after they have sorted the gold issue and associated tax/royalty issue and then, because they are open our licence transferring should raise the share, but the big raise has to be somewhere between now and production - for that timing your guess is as good as mine.

But I am not trading so really it is just of interest not great importance.