Member Info for Laverda

Bluesineminor, I agree with you 100% on your last comment and also think it is a reason we are undervalued. It is too good to be true.

Bernard has hardly burned any cash, made every move perfect and as a geologist appears to have 100% hits for us.

We are comfortably funded, could effortlessly raise more cash if we needed to.

We have Steve on the board who set up and operated a lithium mine and has set up and operated many other mines throughout Africa.

Hainan are looking to move into other markets and are a cash rich company but very shrewd and experienced in a difficult mining space.

It does all appear to be to good to miss.

Bleusineminor, you appear to be selective with your quotes.

Look at the terms and conditions of the 7m dollars too. That would go Kodals way.

The resource is about to be increased, the 3.5m payment will complete that, if it were to fall through and for some reason not trigger the 7m payment to Kodal a new deal could be completed based on the revised tonnage, which would be a bigger deal.

Should read, our share which exceeds 150,000 tonnes.

Elcobble I agree, I never checked but I think Leo Lithium have 40%.

Really though what matters is the tonnage, we are moving towards a share of over 150,000 tonnes per year, in low overhead, reliable production plants working through a jorc proven resource.

Plus of course we will have a share of Leo Lithium's West Bougouni too.

Plus our Goldfields.

The perm, the guy may have got a promotion or a better job offer.

His wife or child may be ill, he could be ill....

I can't see what could be negative for shareholders.

On the Suay Chin front, will they keep their offtake or sell it on? If they sell Hainan are likely to be first in line, but really it would not matter.

If personal then his replacement will be announced.

Suay Chin have been very quiet about such a significant lithium offtake.

A few of the large lithium plays, Leo is one, are being crossreferenced with a recent Albermarle takeover bid earlier this year.

Worth a read, covered in many places, Google ALB takeover bid around March this year, big numbers.

An outside possibility but you never know.

Well I reckoned if it got to 7p I was going to take my wife out to the coast for fish and chips, might have even gone sit in.

Kind of feeling I set my sights a bit low now.

Celle, that certainly applied to Putin, Gadaffi and Saddam.

Good examples.

Yes break their reputation and destroy.

Funny society today, never before have so many people been useless in a practical sense or physically so weak, yet I have never seen people so eager and quick to verbally attack everything and anyone.

Anyone with a high profile is sitting on a time bomb 💣 only a matter of time.

Plus everyone seems confident that there is an easy way out of everything, we are sitting on a huge national debt for instance, but nobody thinks it needs repaying. Another government will come in and just magically make everyone better off with no repercussions further down the road.

Pretty much the same as the public views shares it appears.

All a little insane.

Merc, I am absolutely flabbergasted at how much of a mess Leo Lithium have made, like I said before, if it was not in their own print and someone suggested it here I would never have accepted it.

You also have to start thinking, if they messed those very basic things up, are they completely detached correctly from the gold mine too?

We can all see why Bernard was so meticulous when we decided to go DMS then flotation to take so many months to update every single aspect correctly, environmental study, the middlings tailings storage etc.

Mali is a well developed mining industry it needs treating with as much respect as any western country's mining rules.

Onlyking, looks like a defective radar to me.

PS, by either outcome I mean for the AGM not either outcome full stop.

Just read my post again.

Daz, agree he either has to have been working like hell on two scenario outcomes for the AGM then going to Mali and back here with a few days rest before the AGM, or getting to Mali now, get it all tied up, over to UK and have time to prep for the AGM.

Either way not long.

Asher agree regarding photo.

Goulamina, West Bougouni and Bougouni together will be a large percentage of global lithium production and China will want it known that they have secured it.

It is big news, it is turning into an EV battle ground regarding countries too.

Blaine & Compo, the silence and low recommendation show the nature of the subject you touch on in today's society.

On the positive side you can say as many negative things as you want about Russians and no website will block your comments, in many cases active encouragement is order of the day.

Best described as weird.

Hope, if it was not in Leo Lithium's own communications I would never have accepted it from any other source.

I am staggered.

Mali has a stable economy for an African country and a well established mining sector with some of the World's largest mining companies operating there. Third or fourth largest gold producer forgetting the rest of their mining. They aren't third world mugs.

I honestly do not know what Leo Lithium were thinking.

Just to put those nerves types minds to rest...

The Leo Lithium presentation clears a few things up:

Leo's submitted feasibility study was not updated to include DSO.

The government as we know has a 10% free royalty and can purchase a further 10%, I think it is anytime in the first two years of production (at fair market value), Leo did not set up the government's free 10% and yet were going to sell ore (DSO) off the site.

Leo Lithium said they had tariff (duty) tax breaks on many of the millions of dollars of mine related equipment etc. However brought them in then found that it was not as they thought - this one I find unbelievable for a large company to do this. In my experience you find out under which code or category the item you are shipping falls under, then contact the relevant tax office make sure that this item and category fall under the favourable tax treatment, ensure that the correct paperwork is used, any tax favourable code or permission is highlighted in the correct place and all procedures are followed correctly.

It appears they just brought the gear in then found they had tax to pay. That is how it communicates both in their RNS and this down under presentation.

I think Leo Lithium investors will be furious with their management.

Fortunately all of this is pure management errors and does not relate at all to any potential issue for Kodal.

All in Leo Lithium's own print for all to read.

Daz is right, go to the Kodal site, find presentations and read them, they include all of the detail.

https://kodalminerals.com/investors/corporate-documents/#presentations-tab

Elcobble, you have put an extra zero in error, typo, in that last post should read 52,000 tonnes.

The important thing with this is it is using proven plant which is built to run 24/7 and at the capacity in the specs.

Efficiency and reliability is everything when running large tonnage through these plants.