Member Info for Laverda

Ivenoidea, wow are they still drilling or is that it?

Mr0.008, Hainan's money to drill the ground.
They aren't supplying millions to drill to update the jorc blind, they are following existing drill data.
Our current jorc is 21 million tonnes.
Next doors is still going up now 105 million tonnes.
Money well spent.

Mr0.008 it is 100% Kodals the deal has not fully completed.
Also you are a fool, no matter how many times people inform you, you can't get it.
Going from an explorer to miner, surprise surprise costs millions of dollars.
You either fund it, or you JV.
If you fund it, it is only yours after you repay the debt.
If you can only fund a toy town operation in lithium, by the time you get into full production the lithium price will have levelled out. Then you may own 100% of something with half the value - clever business move.
Here we have a jorc on 21 million tonnes we are going to be drilling for at least one year, every time the results come back we will know the updated value of our holding.

Realtalk, production is minimum 12 months AFTER we receive the finance, it is in all of the RNS communications.
That is not the only big value lift.
If the drilling this year turns up another 21 million tonnes, our investment has doubled.
Not impossible as our neighbours have found 5 times this on the same size patch.
Then it is the question if Kodal sells their first Goldfield, that could be this year if our payment is on time, or if they decide to mine it, all before production starts in 2024 on the lithium DMS plant.
When the DMS fires up our annual income is higher than our current market cap.

Elcobble re day to day fluctuations, reading the posts... Too late!

Agree ivenoidea

The other signs are there too, West Bougouni up for sale, Hainan providing over 300% equivalent monies of every penny sank into the Bougouni licence area to drill our mining licence to update the lithium resource in our current jorc, currently standing at 21 million tonnes.
Our neighbours on the same size patch, up to 105 million tonnes and still going.
That is a hold for me too.

WolfA, yes it is unimportant the cash in Kodal's bank account, based on past figures we know they can operate all this year on that if there was no movement.
If Hainan broke the contract, the 7m is ours - so no issue in that scenario either.
The monies that will go into Kodal are important for us to fasttrack two of our Goldfields, but when the 17m plus and 5m plus, plus potentially 2m from west bourgouni, that is when more intensive work will start, not before the cash arrives.
The cash in the subsidiary 100m, is working capital in the mine, nobody is going to take a 'share' out of it, so completely pointless conversations.
Currently we have a share of a proven 21m tonne lithium resource worth over 400m.
Once the drilling on site starts and the results start flowing, we will get to find out what we really own, I have a feeling owning 21m tonnes will be a distant memory by the end of this year.
Exciting times ahead.

Agree Clapa, plus some talk about reduced percentages, reduced percentages of what?
Hainan's injection of cash is going to quantify the resource.
We have no way of knowing currently of how much lithium is in our plot.
If the figures ended up similar to our neighbour, 44% of 100m+ tonnes with no further dilution or liability is much better than 100% of 21m tonnes with all of the debt and future drilling costs on us.
It was an excellent deal for Hainan and an excellent deal for us.

5m+ to repay the costs to date on Bougouni is due later as part of this deal.
2m from West Bougouni if the sale progresses.
17.75m when Hainan buys their share of Kodal minerals.
But the money we have is more than sufficient until the money from this deal is in.
If Hainan did break the deal, we get the 7m as it is a break fee.

Bill, we agree I think they will move big time in 2023, which is why I am not invested.

No problem newby.
In short the big growth will be the lithium drilling results, they could quite easily double or multiply more the value of the entire lithium resource and a potential goldfield sale, the goldfield sale has nothing to do with Hainan if it happened.
Fatou goldfield will also be drilled.
So while today's news is fantastic, there is much more expected even before production.

Newby, no they were going to sell the first Goldfield providing the offer was good. Lithium was nowhere near the current price when they were discussing this.
In the first year of production if we hit 120,000 tonnes our pre tax from the plant could be over 150m.
The cash we will get now when all paid is more than enough to get us to lithium production, so I am not sure if they will sell a goldfield quickly or not. I suppose from a tax point of view it may be better to drop it into this tax year as lithium will be in next year's tax return.
We will probably get an update soon.

Maybe they set it on auto before going on their hols! Or got the decimal point in the wrong place!

Noelle= Nielle

Newby I assume so, but am not sure of the date.
Also it is good to know, one of our Goldfields, Noelle is close to a jorc maiden value, it will take a small portion of the monies to move this to saleable level, if they decide to sell.
Initially it was the plan to monetise the first Goldfield. Now we are going to be awash with cash I don't know if this will change.
Next year the plant should be running, we owe nothing to anyone so day one payment will be into our account.
We are going to be very cash heavy.

The drilling results will be interesting, both the results out now and the rest on Bougouni moving forward.
If our total tonnage matched our neighbours that would be an additional 500% value for Hainan, the Mali government and of course us.

Will take a few days for the journalists and interviews to circulate. Bound to be in many share tips after this RNS.
Wise after the event share experts, god love them.

Excellent news, nice to take a couple of steps forward.
Well written RNS communication.

Not sure if I answered this before Daz, you could be right.
Minor point missed out of the RNS, Chinese working days, UK working days or Mali working days.

Marvelous ivenoidea, thank you