Member Info for Laverda

I suppose Jay, the above headline is more accurate.

We are no longer a lithium explorer, we are building a mine.

The andyman ... And purchasing again I assume.

Badomen, I am not attacking you, I would just like to highlight before my answer.

I would say that 49m dollars now owned by Kodal shareholders and 17.5m at parent company level definitely adds value to shareholders above a previous valuation or expectation position, it is very real.

Nobody needs proclaim what something may be worth, a company came in and paid the cash. Furthermore they bank roll with their cash the other 51% of all of the costs. Not just take 51%.

If we take Nielle to maiden before the end of May next year and sell that will be real money too.

Badoman, all we had before the cash were jorcs and a BFS, we did not have a mine.

Hainan BOUGHT in and our share at lithium subsidiary level of the cash is 49 million dollars.

We are much better off.

Furthermore we can go to production with zero debt.

At parent company level - Kodal - we can fund Nielle goldfield to maiden value with no debt - which is likely, from the interview to lead to a sale.

Also without Nielle proceeds we can develop Fatou goldfield also to maiden.

We are in a much better position.

Smartpunter- Mali in the top 6 gold mining producers in the World with large international corporations operating without interruption for years. The envy of the majority of the African nations - now heading to large lithium mining, in addition to gold and other mining already in place.

A very mature mining industry. Unlike many other African countries.

Leo Lithium did us no favours - the share price would no doubt be higher if they had not ballsed up next door.

With any luck they can negotiate a fine and return to where they were - otherwise it is a 7 month process to either change or phase development submission, but I reckon DSO (selling ore) will be a change notification.

So we may see a jump if they get their act together. I reckon a few heads will roll once that is sorted.

We are in a fantastic position to move forward and for potential investors it is much better than it should be at this stage as according to Bernard using his very low values, Spod 2,080 dollars per tonne, our market cap is less than half of the net value placed on the company before the cash transacted.

Crazy low price.

Plus Daz I am expecting Nielle to be sold.

It no longer fits the size this company will be.

I even got the feeling Fatou may be developed and sold too.

Plus we have a further 5.8m dollars, the development money at Bougouni to be repaid to Kodal and when Leo gets sorted, the 2m dollars due from West Bougouni.

So we should be sat with around 24m in Kodal and around 90m dollars in our subsidiaries.

Ready to go into 125,000 tonnes per year production, 10,000 tonnes per month, with 2 proven DMS plants the design of which are already ready operating in lithium mines.

Potatohead, there are loads of trader shares on AIM, look at the history of NNN incredible that people were buying right to the end when the company had absolutely nothing.

So don't only follow the share price is the lesson.

Leave the traders to trade.

This is most definitely not a traders share.

Hitting the press.

https://m.miningweekly.com/article/kodal-completes-118m-funding-transaction-2023-11-15

Naylor it does amount to dilution. As you highlight at the time of the agreement Hainan agreed to pay more than the share price to acquire a percentage of Kodal. So the cash went into our bank account and shares were issued, so as shareholders we did not lose out.

However our share price was diluted as the market capitalisation was shared amongst a greater number of shares.

There is absolutely nothing negative about the deal either at the 17.5m Kodal level or 100m dollar subsidiary level.

As a shareholder I am looking forward to the following 18 months and beyond - it does not get better than this.

I am disappointed with the market reaction.

I am particularly concerned about Bernard, he will be fine until possibly even the flotation plant stage.

But as a CEO market cap is a metric used everywhere. He needs to change and learn how to present and release information so that the gap between net asset value and market capitalisation is not so great. Over 200% and he would not survive as CEO if it continually followed that path when we are a larger established company and I think in every other aspect he is an excellent CEO.

Hainan will have certainly noticed this and they are answerable to Fosun.

Dazed, slight difference between 117.5m paid yesterday and the day before in the bank accounts of Kodal and our subsidiary and a deal which amounted to a prepayment which had to be repaid with conditions attached.

You couldn't make it up.

Lithium jorcs, Goldfields one near maiden value and yet the market capitalisation is less than the cash balance in our bank accounts.

That is AIM.

Still the outlook is tremendous and one thing we have in abundance is headroom.

Cheers Maj.

Agree tidal lover for us.

But Bernard must address this low market capitalisation issue if he is to remain long term as a CEO of a company, it is a metric that CEOs are judged upon.

It is ok to constantly be under NAV, but the gap needs to be sensible.

They need to rethink the website and how they communicate in their RNS. Plus how they liase with the press

It would be terrible if Bernard was replaced when the company gets bigger, he needs to develop with it. He is a good CEO in every other respect.

SMK, look at the website, same as it was, first line talks about 2020, symbols last update talks about offtake and an investor.

Anyone reading a news article today then going to the site would think they arrived at the wrong company.

They would be better wiping everything except the regulatory stuff and just have simple symbols in reverse order showing the status of each of their assets then point people to presentations and videos.

If the website is not proclaiming massive success for a company that was an explorer then nothing much must have happened. You can't blame potential investors for thinking that.

We are used to reading boasts then taking them with a pinch of salt, not searching for such a great success.

Realtalk, funny you invested in a share with no jorc and years from real production but in your posts thought that would go up. Now they don't go up until close to export?

This share is up for the majority of us on this board.

TC you may be correct, it has no bearing on our future, we can continue without that piece of admin, but I reckon a lot of investors don't realise this.

Maj, the potential here is multiples of Atlantic, you are pulling people's leg I think.

Maj, we are up in the 100s of percent, don't feel sorry for any of us, more your budding traders.

Elcobble I agree, we had it confirmed by Bernard today, the market capitalisation is nowhere near the base asset value of the project, he uses figures higher than that.

I am 50/50 from that interview that he may be selling Nielle, he played it down a lot. He would make a good poker player, from the interview if I was completely guessing a value I would guess 20-40m dollars.

He seems more positive about Fatou's potential.

I have a feeling he will sell and look for something bigger. But the second gold sale would take us near flotation.

Just a feeling nothing to under pin it.