Member Info for Laverda

Howey, my apologies if my post read that way, I was not disagreeing with you either.
Just highliting that those posters include incorrect facts.
Never seen anything in your posts which I would disagree on.

WolfA - lol. Straight to the point.

Howey, apart from when people are posting incorrect facts.
Such as earlier, Suay Chin has passed on the option to maintain their share percentage holding, by being given an option to buy shares on the same deal as Hainan- not mentioned anything about selling shares.
There is a massive difference.

I can never get my head around the comments that we have given away 51% of our lithium mine.
We don't have a lithium mine, we have a massive acreage of land with loads of drill holes in it, a mining licence and lots of files on computers. It will cost 100m dollars just to get the first smaller plant into production and prove the additional resource.
A bit like a property developer building on your land, paying for the development and taking 51%.
The person owning the land never 'gave away' 51% of the development, all they owned was the soil underneath.

Strange comments.

Realtalk, I like the way you explain other people's knowledge, as if you know their mind better than your own.
It is very on trend these days - I will tell you why they voted that way....
Completely mad and a little weird but in keeping with the lower standard newspapers, tv and social media.

Terry, who cares?
Like Paris said, chill relax and wait for the next update.
You can't benefit from it if you are not in it.

I think Fisher may be correct here, once the finance is in and all contractors are allocated their roles he can set the goldfield off again, possibly another appointment, although the guy that came back was involved with the lithium exploration.

Noelle=Nielle

Daz, looking at Leo, hopefully we are still drilling and just adding to the value. Pointless drilling somewhere else if we are increasing in value where we are.
Could be a change of plan, we might mine Noelle, spread our geographic risk?

Daz, it is a brilliant place to be isnt it.
At the beginning we found Bernard a little too conservative but now it is paying off big time.
His previous corporate experience tells him how much to leave on the table for the big players at the same time get us a great deal.
Many would have chased the percentage, what a mistake that would have been, with this plan financially he has fully derisked us. However the clever part is getting sufficient exploration funds to replenish, if not more the value we negotiated away in the JV, brilliant move.
Brilliant for Hainan and the Mali government too, everyone is a winner.
I think you are right some interesting offers will come our way.

Agree iveno and Merc.
The presentation has a tiny diagram of the site, there are, in addition to what I guessed (from being around open cast mines) flood defences because of the location of the river, so it is understandable that they are still completing the plans for all of these months. Complicated stuff, dealing with rainwater, plant associated liquids and river defences on one site.

All of their income - should have read

Daz, so you think Kodal will be in for the long haul and all of the income?
I agree regarding the takeover, if it reaches next doors numbers it is a mind boggling figure to buy us out even at Bernard's conservative figures.
We have to jorc it first of course so we don't want to get ahead of ourselves.

Additionally Bernard and Steve are major assets. Bernard can spin from initial exploration to major company board meetings, he has been part of them for years, not many people bridge the two well.
They may see Kodal as their exploration partner for further ventures if this goes well. Hainan are adding additional dimension to their business, this is not their wheelhouse as another CEO used to say.

Rob, I think the same. However I think Kodal will drill the majority of, if not all of the veins then a deal will be completed on the updated jorc.
I have a feeling that the additional lithium they are uncovering is taking them up too many leagues.
Large plays like Leo and ours belong with major miners.
The second phase plant is unlikely to be large enough if they uncover a similar amount to Leo.
I suppose it depends how long it takes to quantify, I can't see it before production, unless we are involved until the flotation plant, then a buyout?
I wonder what those offtake principles are, is Suay Chin well enough funded to meet them?
The old offtake agreements often included a lot of production paid up front, (used to be used for development) then recover it from production.
If they passed on the offtake more money could be coming our way, if there is an upfront payment our coffers will fill up early, probably when the finance deal is signed. I cannot find any detail on those principles.

He wants you to repeat the headline, that may come up in Google and the chat summary here.
He doesn't want the likes of our neighbours uncovered 140 million tonnes of lithium, what will we have?
Desperation of a plonker with bad share selection.

Nielle is not far away from jorc maiden value.
It will cost a fraction of the money we hold when the deal is complete.

Ivenoidea, they are wrong to think that way Ganfeng may buy them out.
At the end of our drilling programme, possibly before the big flotation plant I would not be surprised to see Hainan buy us out.
Bernard being an explorer will want to drill most if not all of the veins.

Mr0.008, they chose not to buy additional shares.
What has that got to do with selling any?
Suay Chin have a shed load of money to find for this offtake agreement otherwise it may go on the wider market.

If we matched that it would be 6 times our current value - that is outrageous.
To be honest if we found another 21 million tonnes I would be more than happy.