Member Info for Laverda

Leo Lithium is the reason for the big drop. It is very clear it is to do with ore, but the silence on detail creates uncertainty.

There does look to possibly be some substance in the rumours on the Leo Lithium boards, but until Leo Lithium explain we cannot tell.

I thought that the ore Idea was around a year old, but as someone said here it appears to be much more recent.

As part of our spodumene extraction licence I think we are allowed to run samples out of the country, typically this would be hundreds of samples to test a number of stages of the spodumene process.

Leo Lithium covers this in some of their presentations, testing transport, docks and details of the materials while processing etc for preparation of production of spodumene when the plant is constructed and running.

Leo Lithium's licence like ours will be to produce spodumene and potentially sell any other valuable material if on site.

However Leo Lithium has a number of presentations which labour on ore mining and the profitable income this will bring in over months. Furthermore they have issued a contract for 100s of millions of dollars for ore extraction, made a big thing of this on their site and in the press, there is even a photo of just a few pieces of plant sent initially which according to their site is a small portion of the fleet, but in that photo there are around 6 50-60 tonne dumpers, or what the Americans call rock trucks.

That looks like full on DSO mining. Not sure if there current mining licence will cover that.

So there could be some truth in the rumours, they will need more royalties than the wear and tear on the government's roads as an absolute minimum, hopefully they get a temporary licence to continue. Just depends what the situation is in the ivory coast and ore, because they will need to approve too.

Acker, re Wagner yes

https://newsday.co.zw/thestandard/news/article/200013503/russias-wagner-has-footprints-in-zimbabwe

But there is much worse security companies operating across Africa than Wagner. So really it is a non story.

Wagner is just headlining because of the Ukraine. Wagner operates across much of Africa.

Devil yet you were positive about EVR?

How did your investment work out?

While on the subject another annoyance to me, is some people cannot distinguish dangers abroad from each other.

One could walk into a dangerous country and be in the wrong place at the wrong time and suffer death or injury, travel etc warnings will cover this. Do not go near marches or whatever.

However there is a massive difference between that and a situation where you could be the target. In this situation a country could be relatively stable and safe for locals but not for you. I E Christian attacks or kidnapping.

Just because it is an absolute no go for you does not mean that the country is crumbling to pieces.

Furthermore a global terrorist operating from a country is not always a threat to the country it is in, but of wider concern to the outside world, again a country where the world does not want a global terrorist to call home is under the media spotlight but not necessarily a dangerous country for its population.

Security threats are varied.

Gold from Mali is sold globally not just China

It is important in industry. Mali is a global trader and will remain so.

The instability, Wagner etc is done to death and it is getting tiresome.

Wagner is only highlighted because of the Ukraine war. There are so many more dodgy security firms operating right across Africa as Wagner does, but they are not in the spotlight. South Africa has some of the dodgiest, look them up.

I was going to work for one once but the bullet proof cars we were going to be given had marine type board in the doors while the client sat in a bullet proof car. Fat lot of good for us using the door as a shield when defending the client's vehicle.

Most if not all of these companies are connected to most African countries and Iraq and Libya, that is where the work is and always has been.

There are places where people go for holidays where there is work driving HGVs but armed. Got to jump out and the convoy fire back to protect the goods. Just a lack of awareness of the World.

In addition people are often horrified by killings in the troubled regions but forget that there are around 600 murders in England and Wales in a year in a country with no current terrorist attacks or war running over the border.

Not so many years ago bombs and bullets were on our streets.

Robin=Robid damn phone

Robin, I think it is understandable that the share price has dipped as it has when Leo Lithium is next door.

Speculation is rife. We know that it relates to ore, because Leo Lithium specify this in their second communication. We also know Kodal minerals has no plan to sell ore from our site.

If Leo Lithium has broken the miners code or violated their mining licence and the government come down heavily on them, no doubt initially it may impact our share price, even though it is totally unconnected.

I am just hoping that our Hainan cash RNS and resource RNS is after Leo Lithium get sorted.

If Leo Lithium have made a mistake before moving that ore, it is really unprofessional and very rare in the industry.

Had to be next door to us.

Soh, Leo Lithium is an ASX company so you need to search their chat boards.

I did not relay it, but I heard something similar to Danners. Some Leo Lithium investors are posting that the DSO (lithium ore) was being moved under the premise that it was testing logistics. Whether this is correct or not I do not know.

Clearly they were not because presentations etc indicated that it was going to potentially supply a source of revenue.

In truth until it was shipped, reached site processed and then the return per tonne calculated it was not a dead cert that it would be profitable. Kodal had no intention of doing this, unless they want some early pay dirt samples for plant optimization and to test design, but no plan to try and earn some early money this way.

In addition without seeing the mining licence contract in full we also do not know what the agreement is for running materials down the main road. Without royalties I don't imagine that the Mali government will be happy with loads of lorries trundling down the cotton road to the ivory coast.

We can only wait until the truth comes out.

Let us hope that Leo Lithium has not hacked off the government before we get started. Otherwise they will be checking absolutely everything until we gain trust.

Ridiculous post devil. Currently Kodal is an explorer, above the current large corporate shareholders it is blatantly obvious that a new institutional shareholder would not appear on the scene, the company is not yet a miner and is far too small.

Once the Hainan cash arrives were are then a junior miner. Between that point and production we are likely to become attractive to miner investors rather than explorer investors.

I find it quite embarrassing to type this sort of post in answer to someone who appears to think they are knowledgeable about shares and tell other investors what to do.

Thank you Danners. So it was in their news and presentation but not communicated to the government? That is not good.

I read a bit about the ore issue and it attracts theives etc everywhere, from the stock piles on the mine site, to the trucks moving it and everywhere else along the trail. It is easier to hide amongst other materials and get across borders a big market has built up in some countries with major criminals. They still have to get this into the main market so a legit company somewhere along the line must be involved.

Elcobble yes if the draft discussions are submitted to government and approved it is not a huge increase in royalty.

The part I did not like, not from a shareholder but humanitarian viewpoint is instead of Kodal doing as Bernard said directly funding local initiatives, which is already in the budget, it appears that this will change to a payment to the local government. When the mining company is directly involved the good they bring locally is seen, through a government official I am not so sure. However of course in a democratic society it would be paid through the local government.

Elcobble I am not really a conspiracy theory type of person, however the timing of the letter was absolutely perfect for market manipulation, they have been talking about the additional plan to ship some ore until the plant was completed for ages now, is it over a year? The very day a truck is going to roll they receive a letter about ore.

Had Leo Lithium not put a trading halt on their shares the share price would have dropped, especially if there was a leak to the major mining press, a quick resolve letter and the share price would bounce back up and maybe above where it previously was.

It must not be anything final regarding ore movement as they have not issued any statement.

I am so relieved that we are going DMS then flotation, we could just have easily gone ore shipments straight to flotation, in which case we would have to rewrite our BFS and submit it again.

Another big confidence tick for Bernard, Steve and Hainan reading the landscape well for us.

They kept away from trading contraversial ore.

Onlyking, they are jobs at Leo Lithium according to the chat board, Leo hire on that site.

They are still hiring.

But the jobs board may be interesting for us later down the road.

When checking Leo Lithium's DSO situation, another extension, some of the investors highlighted that Leo was still advertising for employees. This may be a useful board for us later on..

https://malibaara.com/jobs/search?companyId=eefde4de-dc9c-4bcd-bc3c-a955afe5c7dd

Dr P, my apologies they are filtered so I can not see their comments. That is the downside of filtering.

Horult voice of reason comments going nowhere - pointless.

I think we are on the same page the key to everything is end product, none of George's comments strengthen their position, the ability to raise some cash is simply treading water.

First hurdle get some SC6. Second just a hint that it will be in quantities to be commercially viable.

But it has to be said the investment amounts are getting high for a small output plant and 50% offtake already spoken for.

Dr Pineapple, I am not quite sure what you mean by deramping what is in the bags.

The offtake agreement is for SC6. No SC6 no payment - it is very simple.

Canmax will not sell their shares as there is no point, they are not expecting a third party to come in, but if they do and throw another load of cash at it, then their biggest capital risk is out and they maintain an offtake if the third party is successful.

No ramping or deramping, it is what it is.

Marcus regarding split profit of finished product, that was in the new agreement not the last one. The new one was not agreed.

Marcus, he would not. A good question and one which should be asked at the next Q&A.

Exactly right Martinigirl.

So why would Canmax not recover their initial outlay?

Acker Canmax retain the right after payment, George Roach 🪳 listen from 31.2

https://m.youtube.com/watch?time_continue=1700&v=78eCz-LIOKM&embeds_referring_euri=https%3A%2F%2Fstockboxmedia.com%2F&source_ve_path=MjM4NTE&feature=emb_title