Member Info for Laverda

A lot of us here seem to have foreign connections, is that why we got into this early?

Ready for another elcobble - Friday night

Yes, in Nairobi, when travelling out of the central city you can't have your arm out of the window in the breeze with a watch on, they will Panga (matchette) your arm off for the watch.
windows up and armed.
Everyone will say that the people are nice and the country brilliant, overall it is, but you have to be Africa savvy.

Then on to Fatou....

Only king, remember the cash goes into Kodal.
That money will take our first goldfield to a maiden value and the majority of it will remain for the next purpose.
I Hainan want part of that Goldfield too, then it will be a repeat of the lithium play. Hainan will buy in for a JV or buy us out.

Yes Matt, may be more down the back of the sofa. Mine is only based on the asset value. Income from production is additional value.
We will have a lot of communications this year, first within days, a flurry then expecting monthly updates once the first Hainan drilling results leave the lab.

Matt, you have to do your own thing.
If we upped drilling on the site and now have 2,600 drill results, in the same period Hainan is likely to have over 20,000 results.
So once their drill budget is in and working it will notch up quickly.
If we got up to 3bn npv, your 5p is not out of the question.

Also though most successful AIM companies buy back and delete shares. A few in the AIM RNS releases this morning. That will have a big impact on share price if done when the plants fire up too.

Ghoti, yes, so without getting technical and guessing or ramping too much, if 0.88p per share is under our cold asset price and we multiplied our jorc resource by 3, taking no production or any other asset into consideration a share price of 2.6p, would be under that asset value.

So where we are is brilliant and great when the cash lands. But drilling results are going to keep multiplying us and this time they will come in thick and fast.

Ghoti, currently just for our lithium asset, not future production, no gold, no future lithium just the cold assets once the cash has hit our account, in my view the market capitalisation is under this.

In light of Hainan providing between 20 and 30m allocated to drilling the licence land, the previous and current drilling results, over 2,000 waiting to come in, us selling off West Bougouni because we have too much on our plate it is looking good that is for sure.
We have a post tax NPV of 440m.
Next door started similar kept drilling and adding to their NPV and now are touching an NPV of 2.9bn.
We have more land than they do in that NPV.

We must be heading into the billions with our NPV before the DMS goes into production.
We probably have a decent multiple on lithium resource alone, before production.

I hope that the 2,000 drill results are close infill drilling that add to the total, I do not know, they may still be defining the outer edges, we will see.

But the jorc ticking up will be very exciting to watch

We may need a bigger or two flotation plants. On top of the DMS plant.

I think Bernard will have set a date to transact everything so the last parts are synchronised.
Trouble is none of us know when that is.
I hope it is not the last day, although some regular monthly investors may get one more contribution in......

Once the cash is in, excluding anything on the table for production, anything from our offtake upfront, anything for any future lithium found from drilling, any cash in the bank at Kodal and any goldfields our market capitalisation at the current level would be behind our percentage of the cold asset value.
This remains a very conservative share. It cannot remain that way forever.

Shows Kodal are working through the job list. Not long now.

RG55, we have the mining licence.
It is simply plant optimisation, the usual process in mining, little alterations.
Since the government is involved along the way, particularly with environmental impact, it is a formality.
Look up DFS and mine optimization (American spelling), Google it,it is the usual process. It is very unusual to start exploration gather all data moving to a DFS and keep the same plan near the beginning of the journey typically 6 years ago after all data is gathered, there are tweaks some major.
In fact now with the drill results Bernard is telling us which part of each vein is better suited to which plant, DMS or flotation.

Couchman, one tip I can give you is the website is both out of date and superceded by further information. Best ignored apart from presentations and RNS.
Easiest to read RNS from July 2021 carefully right to the end until the present day. Then presentations in reverse order.
Finally after those, or it may not make sense, the videos on proactive.
You need to get through them all quickly if you are intending to invest as we are expecting 117m anytime now, could be today or any day up to the 30th of this month

Remember sometime shortly after the receipt of cash we should also get sight of the offtake agreements.
Could be massive prepayments or some other sweetener, who knows until we see them.

I do not think that anyone is trying to keep the share down.
If it was just 21 million tonnes of lithium going to be mined and we were waiting for the cash then I think it would be simple to communicate and it would boom.
All of the extras are too good to be true and in most shares to release that value would be major dilution.
Investors are thinking there must be a catch, but there is not.
The current high lithium price is giving us an opportunity which does not normally exist.
Bernard is very smart at managing the near and long term in his dealings. He has pulled off two very good deals.
Even better those deals are good for all involved too.

Daz, well press and journos are unregulated not something I totally agree with.
The rest try and grab headlines by being contrary.

Daz, he is just paid by the company and given his brief.
People who dabble in shares and don't want to put the effort in are better in investment trusts or FTSE 100 companies.
They have to lure people in, selecting the higher trading shares on AIM is more likely to grab attention.
Kodal is appearing everywhere now, it is difficult to ignore.
I have just been through the company accounts, their methods are old and boring, but looking at their accounts from a business perspective I don't blame them for continuing.
Very American.

Actually I found his articles and I see nothing wrong.
He reports on the potential upside and where we are perfectly, he does not have the drill results or Hainan's massive drilling budget included, but his article is not a deep dive.
He goes on to say FTSE100 companies are for him and not AIM as he got caught up in a previous AIM share hype, which I agree was overhyped and I did not invest in that company.
It is unlikely that he is a PREM investor based on what he has written.
WolfA, I think you added a bit on to your post for your own agenda.

Cheers I will look at his CV and come back.