Member Info for Laverda

Hourly - Horult

Hourly, actually you are wrong, I sincerely hope Prem does well.
I hope that the pilot plant is built on time and I hope from day one it is on good quality lithium and enough of it to hit the required targets to repay the debt until you are out of debt.
I also hope it can continue and build up sufficient cash (and continue beyond) so that you have funds to explore the exploration area outside of the mining licence and continue to find lithium there too.
At that point you can work out how to finance a production plant.
You are correct I will not invest in an explorer with a 140m market capitalisation with no proven resource.
But will watch the pilot plant results etc and see where the share price goes.

Horult, of course we should on Prem, discuss on the Prem board.
If we were discussing She'll it should be on the Shell board.
Your point?

Wolf, when Prem share price crashes, I already know your, Johnny, Mr 0.008 and your other PREM posters replies.
Well we averaged down, so only lost a bit of the profit, didn't like a sentence from xy and z so reduced my holding, heard it all before.

I agree Hope.
A good idea of where you may end up if successful as a rule of thumb guide is Leo Lithium. Leo have 100km square plot.
They have fully signed off lithium resources of 120m plus tonnes, are fully financed, full mining licence are building, at this very time, a production plant which will produce 500,000 tonnes per year of product
Their market capitalisation is 600m dollars.
Here Prem has a 3km square plot with a small claims licence which enables them to mine. A pilot plant with a repayment period, according to the last company presentation, of 12 months, the purpose of the pilot plant is initially to repay the debt, asap, then secondly to ascertain if there is the quality of lithium and to ascertain the quantity.
Prem market capitalisation is 140m, more than one fifth of Leo lithium.
Seems very overpriced to me.
Once you know how much lithium there is and the quality, then you can calculate a price, until then it is guesswork.

Paperdunk, you are correct.
We cannot stop the likes of Johnny and co posting rubbish on our board. Neither can the Prem guys.
We should all move over to the Prem board and post there.
Obviously on Prem and not Kod.

A word from Johnny pc who posted on the Prem site that he thought an institutional Investor will invest in their shares at this pilot plant stage.

The pilot plant is to test to see if there is a viable resource.

As Daz has said, I agree within the context of a 140m market cap.

If it was 20m it might be worth a punt with 1k.

140m the writing is on the wall.

Leo Lithium has proven 120m tonnes plus of lithium, 100 square kilometers of land, is fully financed they are constructing the vast production plant, 500,000 tonnes per year, their market capitalisation is 600m dollars, less than 5 times Prem!

In my view it is going to crash it is inevitable. Another UKOG, NNN etc all rising on hot air.

Bumpingalong- and I have never seen a single comment ever on here against an honest trader by anyone.
Plus you are in and out and telling the readers afterward.
There is no negativity here for anyone who does that with any share including Kodal, different ways of making money from shares. All experienced shareholders know this. Honest and open.

Posters trying to pass a test/pilot plant off as a production plant on boards where the company is going into production is the point where people get agitated.
The pilot plant is to firstly repay debt and see if it can find lithium in commercially viable amounts and quality, not a production plant.
Trying to sell it as otherwise on other boards is a pain.

Cheers Hope,Daz & splatted.
It is fitting that it is a graveyard, possibly a sign for them in the future.

Splatted any idea of the life of a pilot plant? Is it 3 years?

Sebo10 and the big factors, NO FURTHER DILUTION and NO DEBT

Daz, yes I noticed that too, it is the first interview I have seen where he is not wrecked. I think he used to interview when still suffering jet lag.
Looked 10 years younger.

Daz, it was optimistic that is for sure.

However I think it backfired a little as it painted us in a better light in an article about a different share.

Bernard is one happy guy in that interview and so he should be:

https://www.brrmedia.co.uk/broadcasts-embed/63e28db17cd35a1e7b7508d8/kodal-minerals-video-update-from-cape-town-2023/?popup=true

Daz, I thought that article did more for us.
Looks like it has had an impact.
I honestly think that many investors did not understand the difference in stages we are at and the difference of approach. Ours is the old fashioned boring but proven way.

WolfA well spotted.
I think it was a good advert for Kodal in case anyone doubted what any of us have written.
Journalism is like fast food these days, many have posted links to so called gurus and they are really crap.
I loved one of them, who has now made his January prediction private. I pulled most of my money out of Kodal because I can't see any news coming before the Summer! Wham in came the Hainan RNS! So much for his ridiculous charts and graphs.

Certainly=certainty

Daz,
In fairness I think that article is ok, it contrasts the differences well.
He mentions the greater certainly here with Kodal.
The risk of explorer mining with the other share.
There are two things I found a little stupid. After earning 1700% why continue? Unless it was a tiny investment in which case it was just showboating.
Why put in more? That doesn't make sense either, it is still an explorer and the gains up now are less than before.
It is not as if anything has changed, it is still an explorer.
The only thing he doesn't highlight here, personally I think this is our most important feature, our CEO is a gelogist with a top reputation, who also has operated in global companies.
As part of our deal he has secured a huge budget to explore further our mining licence area, you have to ask yourself why?
I believe Bernard suspects that there are multiples of our current lithium resource still undetected, lithium is about getting it out of the ground while the price is high, the time to the second large flotation plant is critical to extracting the best value out of the site.
That is the mega money.

Great feeling waiting for the technical stuff and company structures to be sorted, the final payments in and welcome to the future as a junior miner.
Any investor more worried about risk now, rather than when we were an explorer with nothing, needs to do a bit more research of how risky it is investing at explorer stages in mining or oil.
Business risk never goes away, so risk is never eliminated from any share.

Working again.

Anyone tried to get onto their site today? I keep getting bad gateway.