Member Info for Laverda

FP, agree given the choice I can live with a bad website and good management rather than the other way on!

Cheers Ricky, I wouldn't worry about it, the messages are not simple or clear enough from Kodal.

They are superb at managing the business but incapable of communicating how good they are to the wider public.

It is worth looking at the Leo Lithium site, it is so simple and straightforward and instantly you can tell what stage they are up to, the size of the resource an up to date NPV the lot, like a dashboard over very few pages.

Then look at Kodal s website, nice pictures but absolute rubbish, more like a random shuffled history lesson.

Sharespy it is incorrect read the RNS 27/10/2023. It is just the transfer of the licence. No change necessary.

We thought a change was needed which is why we did the April submission but this was not required, which is why all RNS info up to the end of the change notification submission and until the mining department informed us, is void.

We then entered a phased development notification which was approved and does not need a change to the mining licence.

Like I said it was complicated.

51% of the money should read 51% of the mine

Ricky you are probably on about the transfer of the mining licence to the other subsidiary. This only affects Hainan. So for the JV arrangement to be complete and Hainan to own 51% of the money the mining licence needs to be transferred. Then they are straightforward joint owners.

Because the office is still closed, Hainan and Kodal did a legal arrangement, so that while it remains in the current company (totally owned by Kodal only) Kodal cannot sell it or do another JV. If it remains there and we start producing, without a transfer of licence, Hainan still get paid but via a loan repayment, rather than JV.

That is the simplest way I can explain it, but technically it probably is not quite correct as they have deemed the mine to be in trust and therefore technically the trust and trustees will own it, but you get the gist.

I think this part is so complicated the market doesn't understand it.

I also think that Leo with its gold mine and ore issue has cast a shadow over us until they are fixed even though we have nothing to do with their gold mine or lithium ore. But that is how it goes sometimes.

Ricky, everything is in place to build the mine, cash everything, and mine lithium, including the mining licence, which you know, because you were posting on here, was ages ago.

Which license are you referring to?

Elcobble if lithium remained low we could just keep running the DMS it is a full on production plant so has a long life with all replaceable wear parts and would still be making over $63m per year after all costs, over $27m per year for Kodal.

We are in a good position.

We are still very profitable at today's lithium price.

Today's price we dreamed of when we first started investing here.

What I find incredible is that a nameless share confirmed their production cost per tonne, sales and transportation to add to the figure and clearly it is not viable. However, taking these facts into consideration the share price is reasonably buoyant and did not bomb.

Another share which also no longer stacks up also has not bombed.

Shows how an Investor must never be swayed by share price alone.

Sharespy, for some reason the websites don't appear very saavy on what is going on.

I am not sure if there is any direct revenue attached to chat boards or not.

But I am certain that a busy chat board will raise a website to the top of the website searches. As I previously had a website.

There are some nutters.

But I don't think that the attacks are as innocent as people think.

There are paid jobs to do that type of work, normally via abroad.

The moderators need to very simply delete any message off topic and persistent off top posting close the account. No messing.

A couple of articles have covered this practice, but no doubt another few years the extent will be realised and a solution found.

I have seen the exact same practice on totally unconnected sites. It is not limited to share sites.

Ivroche, I don't think that they have started up Nielle again, but when it was put on hold it was close to a maiden value, so some drilling needs finishing. Bernard will have to update us on the plan and timeline, I asked him about it in the meeting but he didn't give me any indication of time, just this year.

I am hoping next Monday start, if not already started this week.

Agree Elcobble.

A few loose ends need tidying up.

Leo could do with getting out of suspension too, get that gold mine issue cleared up once and for all, plus their ore issues etc, all sorted. Plus then they can pay for Bougouni West.

Taxperm, maybe once producing far too early and low market cap at present unless it was a tiny institution.

May get some larger personal investors later this year.

I want to know the value of Nielle, hopefully an RNS about it being started up again and possibly a hint when we may get a valuation. Guessing from when it was mothballed to progress Bougouni it should not be many months from a maiden value.

Cheers Elcobble, it is interesting that they make comparisons with iron ore, the market Hainan has operating in.

Even with those issues with high cost producers listed on ASX, it does not appear to have reflected in the high cost producers on AIM, you would expect them to bomb.

Fortunately we are a low cost producer as you highlight, still well profitable at these prices.

Onwards and upwards.

Yes elcobble, not a million miles apart, but the bottom line is if spodumene remains the price it currently is in 12 months time we are still into the pence and a profitable mine.

Expecting an RNS on Nielle this month starting up again.

Elcobble $362 per tonne is the price to extract I have for the flotation plant and the DMS is cheaper because he states 'low capex'. Plus transportation and selling costs taking it to around $474 per tonne in total? 2023 figures.

Our extraction costs are $360 dollars per tonne plus transportation and other selling costs for the DMS.

I previously saw a lot of ridiculous prices quoted in the chat, this is direct from Kodal.

Two other AIM companies have extraction costs of $1k and initially well over this. Basically they are goosed if it remains where it is.

Cheers Elcobble. Like you I was disappointed in the way that the JV cash was received by the market. But dear me those RNS messages are heavy going. Bernard needs to think dumb investors when writing them. He also needs to look at how other companies deliver their RNS and copy good examples.

However I am pleased for us that spodumene has dipped now, countries are getting far too bullish with lithium, Zimbabwe with it must be processed in their country, Mexico, Chile and others throwing their weight around.

This will wake a few up and get their minds back to normal mining practice and treat lithium like any other mined material not some sort of golden goose for an entire country.

By the time we are mining the price will have stabilised.

Those producers stockpiling today because of the low price wont be able to do that for very long and new mines can't sell material for less than the cost to mine, it will be interesting watching a few companies over the following 6 months.

I wonder if Atlantic Lithium will regret not taking the share offer.

We will see.

Elcobble- lol. Good one.

What if Mercman is just a kid at school?

It is just the internet everything on here could be fake.

When you think that a lot of investors jumped in at 0.5 to 0.9p when spod was $4k plus with dreams of huge returns you can understand why they would get out with spod falling to $1k.

However us long term holders were hoping for $800 per tonne and with a fair wind and demand raised we were dreaming of $1k per tonne.

So it all still stacks up well here for us.

But we are not really interested in the price today but 12 months and onwards when in production.

It is good that we are a low cost extraction model.

Some other shares on AIM will not be able to operate at this spodumene price so it will be interesting to watch over the following week's what happens. I read on one of their boards someone quoting extraction costs that do not apply to the way they are mining, so they better read up again.

All of the boards on the internet are awash with trolls and suspicious people who look as if they are paid to reduce the popularity of a website.

Seems like moderators across the spectrum are not yet onto this practice.

Happy New Year.

Not much going on here until the RNS flow begins.