Member Info for Laverda

https://www.proactiveinvestors.co.uk/companies/news/1001647/kodal-minerals-not-looking-to-raise-funds-1001647.html

Makes more sense today than it did then.

Croq, agree with your post.
Large investors may not necessarily be funds, I imagine that is what Bernard hopes for, then their shares, Suay Chin and Hainan's topped up with an institution would bring stability and another useful board member.
However as many others will have seen in other companies there are wealthy individuals who also buy significant share holdings, this broker may have access to some of these too.
That video of Bernard talking about this, when he already knew about the Hainan deal, but we did not may be worth listening to again.

Sbrace, not so much what we wish for, a broker was added in addition to the existing broker.
This was before we knew about Hainan and the broker company also did many other types of transactions. Obviously it was confusing at the time.
Bernard did an interview and said they had been approached by the broker, Kodal had not approached them, and this broker had access to larger and institutional Investors.
He had added this company to the board with this in mind.
If Bernard thinks he can grow Kodal into a massive company, then it would be important to have one or two large investors and if their total holdings are over 51% of Kodal then they are in a more secure position.

Chipndale, apart from when the share starts rising and some get a bit excited, like some at the horse racing, I don't see a lot of ramping here.
If you disagree with something say so, and the poster has an opportunity to reply.
Otherwise you are making random statements which make no sense.

Elcobble, I agree regarding large possibly institutional Investors joining us after the 100m is deposited.
The additional broker requested to join the board for that purpose and Bernard released that interview talking about larger investors.
I think he spoke about it for a couple of reasons, one was to thank us but also a heads up of what may be coming. When institutions get involved large chunks of shares no longer trade.
I think Leo Lithium next door has opened the eyes of larger investors so for them we could be a punt when the money lands.
We punt at early explorer stage before we know the resource, they punt when it is fully derisked and going junior miner.
I wonder if it will just be wealthy individuals or any institutions we recognise.

Jen, also you have to wonder about someone who says that they are heavily invested and expect a share to tank!
Like the rest of us, research, find a share which we will think could fail and invest heavily!

https://www.proactiveinvestors.co.uk/companies/news/1013449/kodal-minerals-extends-deadline-to-close-bougouni-project-funding-deal-1013449.html?rel=scroll

Roger, he is part of SP Angel represented on our board.

John Meyer is always worth listening too.

Rumble - some companies remain in the AIM market, not all companies want to move out.

I think if Bernard continues making deals as he is, once income from all sources hit our account we will be a decent size company. But one step at a time.

He may be about to do a similar deal on Nielle Goldfield.

My previous post is simply to say once in a JV we may have to look at each RNS differently, Bernard is no longer driving the bus solo.

I have just been reading the differences between Chinese and Western business culture.
We are lucky Hainan have completed their part. Apparently there is a saying amongst businesses that deal with the Chinese, as per the heading 'there is no such thing as instant noodles in China', apparently Chinese businesses often deliver late and offer no explanation, it is in their culture.
They also tend not to explain what they think you should already know.
Specifications may not be passed on to an engineer if they think they should know them already and so on. If asked for them they will question why.
Bernard's interviews should keep us in the know.

Hainan when they arrive hold 51% of that asset.
Our RNS may still be delivered by Bernard, but Hainan will be the major driving force.
From now on they may be Hainan timeframes. If the drill contractor says they will be finished X in December, Hainan may want that date on communications and simply move it if it takes longer.
British and Australian tend not to trust timelines from other people and add a bit on.
We may have to adjust from now on for Hainan.
If the plant construction time is all of a sudden said to be 11 months, we can think 13.

RB, the long stop has been moved 31 days, but completion is likely to be faster than that.
No 6-12 months figures in anything.
Maybe 6 months until the first maiden gold value, but until Bernard tells me I have no idea.

Agree Dusty it would be great to see those results in with an explanation.
It is understandable that Hainan wouldn't deposit the cash until everything they are buying is in it.

Good point Sash.

RB, you are thinking too simplisticly about the situation.
A company has to be set up in Mali which is specifically for miners, I imagine it is structured in two ways, one so the owners cannot run away from their obligations and secondly so the government is not also liable on their share.
All of the leases, licences, permits and assets on the ground have to change ownership from the exploration company to the mining company through a process called re registration. Hainan completed everything it needed to do outside of Mali, gained agreements inside Mali and once completed, the last RNS, Bernard could start the process I describe.
They all are not transferred over yet for the payment and agreement to be completed, that is all.

RB, trouble is with this share the RNS is actually a confirmation that everything is proceeding. Not a negative RNS.
This is a nip out make a little gain elsewhere and you may struggle to get back in type of share.
It also depends if another similar share frightens their Investors and they decide to jump ships here on seeing it is proceeding.
Not clear cut with this situation.

Dusty as far as I am aware the plan changes and submission of plans has nothing to do with the deal.
It is all of the assets in one company being re registered in a different company which some of us in January thought difficult to move in that timeframe, especially since Hainan had to get their approvals first.
Re registration is not fast, to the register an investment here can take a couple of months. Because the extension RNS was so late, you would think Bernard must be quite near completion. If it was way behind we would have an RNS sooner.
I thought that the submission would be after the deal is done.
Because the plan is Kodal and Hainan's joint plan.
Had the deal been done with another party they may have wanted a slight variation to that plan.

It could have been as simple as overlooking Ramadan.
But the initial time frame was tight.
As someone on here said when we discussed it in January- under promise and over deliver.

Maj or whoever they were can say they were right.
For the wrong reason, but their mystic meg prediction for share price was bang on.
Post RNS, just a different RNS.