Member Info for Laverda

Onlyking, but remember Hainan said they could complete authorisations in China in 4 weeks, they took around 12 weeks.

Reregistering assets could not start until Hainan finished their part.

So we are 8 weeks behind approx on the original timeline but remember a possible extension was mentioned at outset too.

Acker, looking at their offer it appears not.

They are certain to know how that would go down with Prem.

It appears that they are hoping someone else steps in and they recover their money.

Jagflush, read the last RNS again and a little slower this time.

Wolf, what about cash? A placing before the 30th?

Gold, most people are expecting shares suspended on the 30th, read the RNS slowly and properly.

TC, I think we are within the window now, my guess would be mid July based on the average transfers here, but average is just that an average, some quicker others slower.

I'm trying, the comparison with Leo Lithium is more on the ground comparison.

Jorc,DFS, funding, then there is a slight difference, we are going DFS then flotation, Leo Lithium is going direct massive flotation plant.

Leo Lithium is on the ASX market, we are in the AIM market so I would not waste a lot of effort on the difference of structures.

One thing that was common between both companies is the reregistering of assets.

You can't just move assets between companies, if you do, the difference between the value at the start and the value at the end is taxable. So the difference between the exploration value of Bougouni when they started to its value today all of that would be taxable.

So you can re-register the asset to avoid this, however valuations must still be completed and these valuations need to be credible. Any wrong move and the mother of all tax bills becomes payable. Which is why they are using consultants and why we are waiting so long.

Agree Roman, a large part of my background is plant, too much experimental plant being trialled in one go with limited cash and the unusual need of the output material from a pilot plant needed to fund the whole project.

Risk beyond comprehension. Furthermore for a manager he appears to have no understanding of machinery.

Clapa, they never were comparable.

ATM and Prem have comparisons.

Kod and Leo Lithium followed a similar route.

Kod and Leo Lithium the old fashioned slow way, but time proven to work with nothing experimental.

Music totally understand the boredom as I just posted to Clapa, I wished we had raised some cash and taken Nielle to Maiden. Would be nearly there now.

It is the downside of such a big project - slow - but the upside could be amazing, if in one year we are sat on a 1bn market capitalisation, our neighbours started off exactly the same as us, so it is possible.

Clapa, sorry but according to the RNS it is at the end too lol.

The only thing I wish was that we did a 2m fund raise and carried on with Nielle, then there would be something going on.

Leo Lithium's market cap is over 1bn dollars, finance in and drilling campaign underway that wants to be our comparison.

In Mali doing exactly the same thing next door to us.

Music, over a year - wow what a wait.

Only up over a 100% in that time period.

How do you stand the stress?

So dangerous here a jorc, BFS, 7m dollar deposit and plenty of cash in the bank.

Next door have a NPV of over 2bn dollars.

Our drilling appears to give signs of going from 550m the same way.

I mean having to wait another few months..

DJFWatty, you need to read the RNS again.

The plant after adjustment will only provide half of the output that Stark originally stated.

The new contract requires tonnage greater than this output.

Therefore Prem cannot comply with the terms of the new contract.

There is no chess playing or fancy business moves. If he signed it Ptem can't conform and Canmax is virtually guaranteed Zulu.

Fantasticdave, and I believe every word you write.

If you are trying to get out be aware of the statement about the accounts. If the accounts are not published by the 30th shares will be suspended.

George said he thinks they may completed, but is considering if the Canmax situation should be added.

The part about the plant was very unhelpful to Prem's current position. Now halving output estimates.

fantastic dave, you said 'that never happens now' in your post below, then in a share you are invested in the max price you mention is 600% plus.

nothing to do with ramping or deramping, simply talking ****** is attracting the comments.

Fantastic Dave but you forecast another share valued at less than 1p to move to 3-6p? Some inconsistent posting.

Pretty much sussed the concept of the plant it is quite simple in theory, use scanners pneumatics and magnetism to reduce the feed down dramatically into normal flotation separation units. By doing so the flotation chambers can be a fraction of the size of normal flotation plant, consume less energy and less water and additives.

The difficult part is the scanning and pneumatics because this requires consistent feed, in approach, speed and consistency of material. If the material does not behave exactly the same all of the time pneumatics could blow lithium out into the waste and or allow waste into the lithium.

These companies always make out they are doing something revolutionary when they rarely are.