Member Info for Laverda

Badomen, increase output from the plant life, not monthly, just read your post again.

All of the dismantling all of the land reclamation on the main infrastructure (not the mine - hole in the ground) is a fixed capital cost per tonne, double the tonnes you half the cost.

Badomen, however you don't know how much of the cost is maintenance and repairs, it could just be 50 dollars per tonne or less. That is still 24m dollars in 4 years.

You can't calculate anything without knowing how the avarage Spodumene price was arrived at and also how the average AISC attributed to that average price was arrived at.

The dismantling of the DMS plant cost will not be across that small tonnage when the DMS plant supply resource is increased.

If the resource doubled and therefore plant output doubled plant dismantling costs attributed to each tonne have halved.

It is not as simple as some are making out.

Badomen just your basic calc added 2m+ dollars to the stock heap.

Further to the two previous posts, they may allocate no future capital in the first year in those figures either, which is very likely in case of teething issues, we just simply don't know how they arrived at that average.

PS Badomen behind they could have 200,000 tonnes sold under 1,200 dollars and 280,000 sold above on the original offtake, you have to see how they arrived at the average Spodumene price to know how the AISC single figure was arrived at.

It is not 647 dollars fixed cost per tonne as some are writing.

Badomen an allocation of capital has been applied to each tonne for capital repairs, ie years on when they do a major shut down and replace larger parts rather than the replaceable normal wear parts and there is an allocation for land reclamation too, putting the land back after the mine leaves.

Because the AISC is based on one price, you have to see the calculations behind - so that is just the way it is calculated.

However when the resource estimate is increased, the capital burden for the main infrastructure burden is spread across more tonnes and will be reduced again. For example the roads and bridges onto site, water filtration and pump system at the river and so on.

However Potatohead the AISC on 801 dollars per tonne is not 647 dollars.

It is less. How much less on that price we do not know.

Which is why when we are so close to actual payments it isn't worth guessing.

Timmy there were no delays it was just the process.

No way in this day and age is any country going to let mines steam ahead when one wrong move can kill a river from that point to the sea. Just not going to happen any more.

Look at that tailings dam which burst in another African country, changed the design of tailing dams globally.

P119 - agree.

Plus we have no idea what hints Bernard and his crew are picking up on.

The fact he is more focused on finding a bigger project to begin on, rather than Nielle or Fatou could make you think he is picking up on a buyout vibe

Until there is a clear pathway that everyone can see I can't see loads of investors piling in on an AIM style stampede.

2demac1 - yes selling nothing in the scheme of things. Tiny proportion of our share trades.

It makes sense if SC has faith in the project, which they did as they wanted to retain the offtake.

They can keep dripping as the company develops.

Jag, ship not leaving for up to 6 weeks.

First HGVs left.

Fly and stating ridiculous stuff then pretending to be an experienced shareholder.

You do wonder though if LSE charged £50 for a registration if the rubbish would be quickly disposed of and real investors would fill the boards.

Nobody is brave enough to try it.

Anyone being stupid the regulator can get their identity.

Cholseyn, it has been highlighted that the wording in the last presentation had not been updated.

https://m.youtube.com/watch?v=OFdjrH3HDDY&t=1s&pp=2AEBkAIB

Cholseyn you are incorrect listen carefully to the Q&A on the Kodal site.

Money will firstly be retained in LMLB for expansion then loans will be repaid to creditors - the Hainan working capital loan then to shareholders - that is our loan repaid, then after this the government receives dividends.

On stage 2 covered 100 times on here but repeatedly ignored from Bernard, stage 2 will be funded from Kodals part of the second offtake with a prepayment - the normal way of funding mining developments.

However there is not a rush on this as Steve highlights in his stage 2 comments.

Green filtered boxes are out in force today looks like the usual three shares mustn't be going the way bragged about.

IJR, direction of travel I totally agree.

Also I keep saying it but you have to remember what we were, an explorer with a little fund raise a few bits of dodgy results paperwork and a few patches of bush dirt.

All we need is revenue from Bougouni to pay the PLC expenses once we have that we are in an enviable AIM position.

We have capital to develop Nielle.

Most AIM companies are short of cash we are not. Until we get monies from LMLB for the loan or revenue from KMUK Bernard is not going to start using the plc capital heavily.

Exactly Paris. Seems some people have envisaged large returns in non event no mans land.

Like building a house and before it completely and utterly finished expecting full market price at upper window level, then roof level, then chimney etc.

I don't understand it. Even when fully complete and established there are no share price rules in the market.

Not really, an RNS has announced a move forward but given a timeline which effectively is no further step for 4-6 weeks.

So unless there is a completely left field unexpected buyout offer no advance for a few weeks.

Potato you remember all the big guys telling us SC will sell through the rise and the share price will never rise because of that, but they had not been dumping, they were doing the orderly sell they promised and it was private investors selling out, it was tosh yet again.

Everyone has to decide what they want with their own money it is not down to individuals to tell others what to do.

For me I don't mind if I held the shares five years or more if Bernard keeps things going as he has. Trouble free.

Early profit is likely to be a buyout of KMUK which has nothing to do with the share price or an increase in lithium price creating another daft stampede.

Mining isn't fast. Ten years normally, can be quicker in Africa.

Potato we aren't exporting. 4-6 weeks time. But we need at least two ships to provide the working capital the business needs.

Fortunately for me I am thinking a lot further ahead than you appear to be, so I don't carry your stress.