Member Info for Laverda

Onlyking, they are listed on different markets not just ASX.

Markie, if you check on ASX Leo Lithium is definitely suspended. Something to do with going off their initial spodumene only plan like us and moving into selling ore (DSO) unlike us. Index links don't always work correctly.

My feeling is Kodal and Hainan would prefer to wait until after Leo Lithium's official detailed announcement on their situation, others disagree.

However Kodal can't wait forever for Leo Lithium if they were waiting.

Morning Star has a free element, but a charged professional element used in the financial services industry and would normally be considered a reliable source of information, also it would attract direct company responses for those that are unaware of their status.

Daz this is a copy and paste from Morning Star that some may not have seen

The Australia-listed company said it has submitted information to the government explaining its ore-export operations but that no formal response has been received. As a result, Leo Lithium has scrapped its guidance on 2023 and 2024 direct shipped ore production and sales, it said.

Mafee, I would say it was the opposite, an external force altering the share price.

I would say that it could be prudent to wait for this to clear.

The company market cap is important as there is an option for the government to purchase a share of our lithium mine and if the share remains surpressed then we get paid less for that share of our company.

Hadrian - tosh? But nothing to support it.

Bernard has openly said that they have taken on the second broker to attract larger and institutional Investors, if Leo is surpressing the share price then it will impact his plans.

HUMs share price drops like ours exactly correlate with Leo's suspension. HUM does not even mine lithium.

Larger investors provide greater stability for the board.

Stephen 11, having two board members who know Mali and operated there from the 1990s is invaluable. I agree.

It is also (even though totally unrelated except for mining and Mali) worth listening to Hummingbird (HUM) CEOs video released this week and he touches on the importance of being meticulous with mining submissions in Mali. Mali has a very well advanced mining industry. They are not fools and are not far away from submissions here in the UK, except that both government and the public are fully behind mining.

That Hummingbird CEO also talks about local relations too.

Good point Daz, not a good way for us to secure first position, I feel for those investors.

First the JV agreement was signed just before lithium prices rocketed and now this.

Painless, I don't think that the government would delay us because of Leo because there is no connection, we are not under the earlier 2012 code and have no intention of mining ore to sell.

I would think it more likely Kodal and Hainan could hold back and may have been doing this for a while, so upon Leo's RNS our share price would rise before we complete and hopefully rise again.

Loads of rubbish floating around about Leo in the Aussie press, bribes, the Junta etc. Even though ore DSO has been named in an early RNS. Who can blame journalists for having a field day and attract loads of click bait for advertising revenue.

Stephen 11, yes they are still suspended.

Apart from a short emergence, from mid July.

Their shareholders could be in for a real battering. They lost 5% for a 15m input from Ganfeng I believe - please check.

So if their actions have triggered a 60m dollar tax bill, then just under 30m of that will fall on investors. If they fall under the 2023 mining code, in 2019 materials mined were reclassified, if it took us a year to put in a optimization update just for a wash plant and the associated tailings storage, imagine the job they could have ahead of them.

I think they will be trying to negotiate a fine and remain as they were, but with a monster heap of ore already mined and sat on their land with multiple media releases talking about early revenue, they may have passed the point of no return.

The problem is if the Mali government let them off for lithium ore, it undermines the whole reason for the 2023 mining code update, to stop the gold ore loophole which was being used by mining companies to avoid paying tax.

How can they let off Leo Lithium but clamp down on the likes of Barrick?

While the events/fiasco at Leo Lithium are unconnected to Kodal minerals the impact on the share price cannot be ignored.

On the two occasions Leo Lithium suspended their shares Kodal have their greatest 'non Kodal event' dips.

Hummingbird, which mines gold has exactly the same in their charts too (put 6 month period in the chart).

We are in the silly situation that our share price is significantly lower than it probably would have been without Leo's fiasco, giving a cheap buying opportunity before a pivotal company event.

If Hainan complete then Leo are no longer suspended it would be a double lift on our shares. I could understand Kodal and Hainan waiting for this outside influence to pass before proceeding, but it would be interesting to see if there are any unusual purchasing patterns emerging in our share.

I wonder if Leo Lithium's possible errors will be resolved by allowing them to keep their mining licence intact under the 2012 mining code and issue them with a massive fine for mining DSO without full permissions on their licence.

If they were fined 10m dollars it would be a cheap get out.

Leo needs resolving or coming clean about what they have breached when trying to sell ore from their site.

Agree Elcobble and no matter how much Guinness none of us here are thinking we are investing in something with a risk level similar to National Savings.

However none of us are looking for returns a couple of percent below inflation neither.

Roger, you just don't get it, everyone here 'hopes' it gets over the line as you put it with Hainan, but if for any reason it didn't, nobody here would lose any sleep over it.

We are close to an upgrade of resource, we would simply do another deal with another company based on the updated resource.

Finance would not be an issue.

We could end up better off

You are bed wetting over nothing.

Hainan will be our JV partner.

I do suspect that we are waiting for the Leo Lithium issue to pass, it has dragged on since July, but is affecting other companies share prices in Mali.

There is all sorts of ridiculous press stories, bribes etc they need closing off.

Once the official announcement from Leo highlights it is all of their ore errors etc our share price will bounce back up. Hainan should be buying in at a discount.

Some good news at last. Sounds a lot more promising.

Pleased for the shareholders and interested in this scanning technology.

It could improve output of proven traditional plant technology by removing some waste before the washing plant potentially increasing efficiency by increasing the quality of input material.

Pilbera Minerals may feel a lot better too as they are supposed to be putting in a mega plant based on this technology.

Nice to hear good news instead of bad.

Named officially as a diesel car.

You seem to have ignored my post, look at the Leo Lithium suspension reinstated and suspended again then look at your share price drops, they are exactly aligned.

For all you do not mine lithium and there is no connection the rumour mill is damaging your share.

Same with Kodal minerals, who are going to mine lithium, but were never going to sell ore from their mine. Leo got into bother over ore.

Leo Lithium appears to have messed up, but because they have remained silent they are affecting your share price and Kodals.

Leo's problems are their own but until it is in official print Hum and Kodal share price is affected.

Have a read.

I think you have the same problem as Kodal.

Just at a time where there should be joyous news and celebration Leo Lithium messes up, goes into suspension and is keeping so tight lipped that is now suspended from asx by the regulators for remaining silent to them and their shareholders.

Leo Lithium has explained it is connected to lithium ore, which neither Hum nor Kodal are involved in. Leo also has an issue with tax, their licence is under the 2012 mining code which had tax breaks for imported machinery - they could avoid import tariffs.

None of the above relates either to Hum not Kod.

The area that is likely to have impacted our shares is that they may fall under the 2023 mining code.

Kodal do not, they remain under the 2019 mining code.

Until Leo Lithium or the government release information this cloud will hang over every miner in Mali, this has been going on since July.

My personal guess from the releases is that Leo Lithium did not have a mining licence which allowed lithium ore (dso) to be sold from the mine or storage of DSO, therefore it is a new licence required in 2023 which means that the tax breaks are void and they may be facing a 60m dollar bill.

But until an official release happens speculation is rife, knackering your share price too.

Painless, I am not sure if Steve was joking. But yes there were two Chinese there.

It is noteworthy in the AGM video Steve has operated in Mali since 1998 and another board member since 1995.

Hadrian I disagree, the trouble in the North has been going on since the 1300s, social media and numpty news makes drama out of nothing and completely misses real wars brewing elsewhere.

The trouble in the North of Mali is absolutely awful for those living in the North of Mali, for everyone else it makes little difference. They have fought for so long they can chase ISIS too, ISIS could not establish themselves there when fleeing from Libya.

I do think it is a possibility that Hainan and Kodal may be waiting for an official announcement from Leo Lithium, I don't think anyone thinks that they are as stupid as they appear to have been. So Kodal and Hainan may think it prudent to wait, but probably did not think they would be waiting this long.