Member Info for Laverda

Yeboha, my experience is it is always nervous until the first monies roll in.

Not many can take the heat in these moments.

I wouldn't be surprised if it stays down until the first or second monies arrive unless there is outside influence, buy out or a new investor.

Another 20,000 and we have our first shipment.

All going to plan and all on budget.

Stephen 11 plus Nielle is in another country.

From where I am sat the whole thing has spun on the travel advice moving from brown to red.

I suppose some people might not understand due to wackos on trip adviser travelling the brown zones and vlogging for a living.

Brown is generally be armed if you are allowed, no routine and have a number of security plans in place. Business managers from overseas armed guards.

Red is best to have armed bodyguard or guards with you and elevated security.

Red in most countries means that you may be seen as the enemy or a useful ransom, media tool.

If you aren't the target your embassy may rate your travel advice different to others.

WRE GGP, Wishbone and Prem aren't going as planned so their toys are out of the pram.

Kefi picked up so one t***er less than usual for now.

Until we get the first two cheques in it will be a panicky road.

Just come back from a lovely weekend away with no WiFi or signal lovely.

A lot of posting over the weekend I see.

About some trouble last Thursday?

Yet no RNS from any mining company operating in Mali who are legally bound to report anything which could impact their share price.

The news articles may trigger an RNS, for a second time.

Green boxes GGP & Wishbone down..

Prem investors happy today so no doubt some missing, maybe why the numbers are down, so probably the dumbest missing.

Normal service resumed soon no doubt.

Port:

https://www.linkedin.com/posts/kodal-minerals-plc_we-are-delighted-to-confirm-that-our-first-activity-7388858317474865152-U3qq

BFD, also an intelligent team willing to go through all of that detail.

Unless we get a lithium buyout though I wonder what they will do with Fatou, that is a big gold site to develop and they can't keep doing the minimum.

George I thought those revokes for explorers may happen. When trying to go through all of that mining code stuff which was being released in small pieces through various consultants, I noticed a lot of conditions on exploration sites, money spent to further the site was one but many more.

When you take that latest legislation and then go back to the purpose of the audit in 2022 which was partly to assess the development and outputs from each mine relative to their submitted BFS and for companies not to mothball to sit on a growing asset, people should have seen where this was going.

Basically if the government released x amounts of licences they expect within a percentage x amount of action on site.

There was little correlation, over production, under production, sometimes no production and on some exploration licences nothing happening.

BFD yes agree there is a working capital facility which was part of the offtake agreement.

After the construction budget is used on construction to fund the overheads of production until the shipping payments hit LMLB nothing dramatic.

They must be used to following incompetent CEOs who have to keep borrowing money multiples over their construction budgets.

Not here at Kodal bang on budget.

P119 agree, I am not a fan of the three or four a month RNS CEOs, I am sure traders though will be.

George, there is an element of that.

An old guy once said to me in business, we aren't in business to educate others.

Jewster, if you look back we were talking about this yesterday.

https://www.linkedin.com/posts/kodal-minerals-plc_we-are-delighted-to-confirm-that-our-first-activity-7388858317474865152-U3qq

Yes George reclamation etc.

Problem is the breakdown is not good enough to calculate anything.

Mind short of fully explained calculations nothing would be, which would be impractical.

Timmy its a bill and payable to the government so it doesn't matter and it is covered in the costings.

Unfortunately none of the costings are broken down enough to do any useful rough calcs from.

Timmy the royalties aren't all called royalties, I got slated for this but if you look at the September 2022 costings you will see royalty then royalties listed again.

BFD, 60 ton which is heavier than 60 tonnes:

https://www.titan-vehicle.com/product/heavy-duty-dump-trailers-mali.html

Https://www.linkedin.com/posts/kodal-minerals-plc_we-are-delighted-to-confirm-that-our-first-activity-7388858317474865152-U3qq

Yes George it definitely would have been easier for us.

Possibly also if he had also just given alongside a fixed cost per tonne excluding royalties, future capital payments etc.