Member Info for Laverda

Normally there is a payback period Roman, but as you point out there is none with us. Hainan will recover their investment in the DMS in a couple of months after the plant runs full bore and they will recover their drilling costs in a month or so after that. That is what is meant in the company presentation. The DMS plant is a serious piece of kit, full production plant with full production low cost per tonne processing and a long lifespan with everything replaceable.
Kodal on the other hand will be making money from day one of production.
Hainan are confident we can expand the lithium resource as are Kodal. If the resource increases by around another 22 million tonnes, then we have the same initial resource we had and are mining it quickly and debt free, any additional lithium above that is all bonus.
If we hit the NPV of our neighbours of around 3bn dollars or above we would be in Dreamland.
Bearing in mind Hainan valued a 440m npv at just over 200m dollars.
Agree Roman.

Daz, looks like we may be mining Nielle?

Vulture -MM Mormon Mafia

Role is to keep liquidity in the market where possible, they must have some nervous times in AIM, everyone usually wants in or out at once.

Roll on getting the cash in over the following days.

Then we should have
Construction plans
Drilling plans
The order of work on the Goldfields.
Goldfield exploration is notorious for placings and dilution, but we are well funded and will not suffer dilution taking the fields to maiden valuations. Cant wait to hear Bernard's plans - not long now.

A 'Y' shaped coffin.

Rbalboa, what we want is the cash in, an update on our goldfield which was nearly at maiden value and the results back from the lab for the last lot of drilling.
That way Kodals cash, jorc lithium resource and gold value remain ahead of the share value reducing the risk of a loss.
There are not many shares in that position on the AIM market.

Gruyere gold mine in Australia may give as an idea of value, obviously our mine if in production could be a lot smaller than this one, but 50% was sold for 350m dollars.
If our first was sold at maiden value 80m plus is not out of the question.
It will be I interesting to hear the first single gold valuation to see the size of the play.

https://m.miningweekly.com/article/kodal-gets-chinese-government-approvals-for-hainan-funding-agreement-2023-04-13/rep_id:3861

Now Hainan are involved we are newsworthy in the mining press.

On it Clapa! Thank you.

Agree ratboy.
Someone here could guess the optimum point that the company should multi bag, one piece of unpredictable news headline and the best researched become numpties and the village idiot is the next Warren Buffet.

Agree Daz.
Everything points to confidence in expanding the current resource. If it is even 50% of leo lithium resource on our mining licence patch it catapults our value sky high.
But we have an additional 250 square kilometres to leo lithium, so watch the results on that ground too.

With the huge potential of our lithium this has completely changed everything from the early plans of Kodal. You have to ask what Bernard intends to follow the lithium with in 8-17 years time, little Goldfields would not cut it for the size Kodal could be at that point.
It will be interesting to hear Bernard's future direction after the dust settles on receiving the cash and kicking off construction and drilling.
Unless one of the gold fields are large, possibly taking them to maiden and selling all of them to purchase a much larger project could be on the cards, then use a fraction of our annual lithium income to drill and expand a large resource over a number of years?
Kodal may be able to purchase a lease that only the top companies could normally afford to purchase, because we could afford to reinvest everything from the sale of the goldfields and still suffer no dilution, dilution being the usual drag on explorer share returns.
Or are those gold fields potentially much larger than we thought?
Over the following months we should get a better idea of the value of the assets we hold in their entirety not just our share of the 21 million tonne lithium jorc.

Only 10 working days left until the long stop, could arrive at any time now.

Multi baggers are never a straight line, a devil on each shoulder until you hit your target and get out.
Hopefully no regrets afterwards.

Nunchkas, yes unfortunately the 4% rule is a distant memory.
You may have time to find another couple of kodals after this one has fully run its course.

Fantastic Dave - or gold.
In the last interview Bernard was telling us the goldfields were the entire holding of their previous asx company before they went for the Kodal deal.
We just talk about them as if they are the value of a couple of second hand cars since lithium prices rocketed!

Nunchkas, if you are young 2-2.5% income from your capital approximately in a mid risk fund portfolio up to 80% equities I would work on. Put simply £2m for a £40-50k pre tax sustainable income would be my guess.
DYOR

SAVs if you wrote that post in 2021 you would have been shot to pieces on this board.
Leo Lithium next door has an NPV of 2.9bn on a patch of land 29% of the size of ours.
Bernard our CEO and a geologist, who rarely gets excited, cannot contain his pleasure at the additional drill results he is seeing.
It is well down the road, but not impossible.
The drill results just need to keep coming in positive to add to our current jorc.

Ronjon, normal way on aim is to trade in their own shares first, buy their own shares from profits and erase them, thereby increasing the remaining share value.

But when the second plant fires up then definitely dividends could be on the cards, the income is enormous.

Plus with all of the cash they have they may not sell their first goldfield and mine that too as it is not in Mali and would give them geographical spread.

Paris, exactly they have lost credibility. Motley.
A share price to be valuable and worth retaining must be underpinned with a real asset.
21mt jorc and bankable feasibility study with a mining licence on 97km square with a 117m dollar cash from a mining major ticks that box.
Plus a goldfield close to maiden.