Member Info for Laverda

Donny, from what the lithium experts are saying our material is not going in to that arena. Ours will produce lower quality and cheaper lithium batteries for the Asian market. Electric scooters look cheaper than petrol ones in the cities, they are already big in Japan, cleanliness and the environment second.
Electric motors need no regular short term servicing.
So I don't think we will be affected by the issues you mention.
We aren't going Tesla etc.

Why Bernard is moving to early mass production before 2030, it will not last forever:

https://m.miningweekly.com/article/lithiums-historic-rally-fuels-record-profits-for-chinas-miners-2023-01-30/rep_id:3861

PS, except the highlights in the correct reverse order, newest first. At the moment they are neither in forward or reverse order!

I would expect an RNS, but payments are normally at midnight, so next day, day after RNS?
We have all said it a million times, but the website is really poor, the 'highlights' at the bottom of overview and highlights should be prominent and completely up to date, with a 'whats next?' couple of pieces of information in a similar style.
They should run exactly the same format on each lithium and gold play, simple and straightforward.
Then nobody would need to post these questions.

I never get used to the downtime between events. Especially when expecting a busy year.
Deposit RNS should be along in the following two days.
First day back to work for the Chinese today.

4.8 spread looks like people are unwilling to part with their shares

Daz, absolutely regarding confirmation bias, because we are real investors or we would not be in it.
However Hainan are really going deeply into this with planned spending exceeding 283m dollars so we have to put some weight in that. That is just their first phase!

Agree Daz, plus to be honest I am not going to sweat over the day to day share price.
I want to see all the cash in and the plans from that point drilling for lithium and finishing the jorc on Nielle.
I don't have an inkling of the quantity of lithium remaining on our licence area, but if there happens to be a lot more lithium in the ground than already in the current jorc, the 118m payment could be a fraction of our share of the mine value.
Plus none of us have any idea of the potential capital value of Nielle.
The RNS roll out should be our focus.
Could be well short changed selling out before those events.

Donny, I wish I had their estimated figures in the remaining unproven area, it will be torture watching the jorc slowly ticking up after the full payment arrives.
Mayer let slip on Nielle they have estimated gold, they just need the jorc to prove them. It is likely to be a similar story on our additional lithium drilling area.
40,60, 80 million tonnes in total? Who knows it will be exciting as each RNS drops in.

Yesterday;

https://www.seetao.com/details/199977.html

Clapa, they are simply trying to get you to post under a negative headline.
Rather than answer under theirs create your own and we will discuss under the new one, silly tactics.
But to me this is shaping up as a buyout on our lithium as soon as all the licence area is drilled and any additional added to the jorc.
We all wondered if a company wanted a buyout what they would do, take a gamble on the other land and make a halfway payment and whether Bernard would accept it.
But this seems the sensible way forward.
It just depends how fast with all of those millions of resources that they can get an updated jorc on the remaining ground.

Yes, I wish we had asked what the principles are. Could you be a sweetener in there. I looked back and could not see anyone asking the question.

Anyone know an upfront payment is part of the principles in the offtake agreement?
I have not heard anything about the principles apart from one - taking the product.
Anyone seen anything or heard anything at the time the principles were agreed?

Seems very unreasonable not giving us 17.750m as a gift.
A business actually expects something in return for their millions?
Well I never.
If we get bought out for a few hundred million in 2024, does that mean we do not get to keep our share of the mine?
How unreasonable is that.

Mr0.008, my mate just sold 50% of his business because he decided to go into a partnership with his other friend.
When he took the money it never occurred to him that he would own less.
Thank you for your revelation, I will phone him immediately.
Your great insight is of great benefit to us all.

Real - so you think Suay Chin is a person and going to sell 'his' shares too?
You don't think that an RNS would let us know if Suay Chin sold any shares?
You can confirm that Suay Chin has refused the offer to purchase more shares for the same deal?
Which parts are useful?

Mr0.008.
Carry on my boy, you have gone from looking like an after pub poster to an infant with your share knowledge.
That is the dumbest post I have ever read - top award goes to you, definitely no idea whatsoever.

Accion, I agree, plus Mali being the fourth largest gold producing country in the World is extremely experienced in mining, gold is their single largest export.
They have specifically designed a company structure for mining in their country and this structure must be used. It protects the government, however fortunately it will also protect us.

The more I think about it the more I think this is in preparation for a complete buyout.
If Bernard and Steve were going to mine this resource I do not think that they would have selected this deal.
The deal is an immediate large derisk for Kodal, with a huge fund for superfast and intensive drilling on the remaining potential resource in the mining licence area.
Plus it recovers every penny already invested in the ground as a loan repayment.
Then further monies in the Kodal Minerals cash account of over 17m, used to persue our other existing interests.
I think the new tonnage will be jorc quantified, our total share valued and a buyout completed.
I have never seen such a drilling fund before, it is huge, so dependent on contractors available I am not sure how long that will take, plus a lot of labs are going to be busy.
So we already have a portion of 21 million tonnes, how much more will they find, I wonder.
We may be looking at a mega uplift in company value 2024/25.

I think most investors will look at Hainan's 118m dollar investment and assume that they think the mine will progress, coupled with a further 162m investment in their processing plant to process 20,000 tonnes per year. (The additional offtake amount)
Rather than listen to a couple of idiot posters.
Mali being the fourth largest gold producer in the world will reform their mining licences and be issuing new ones again soon. If Kodal does not sell their gold interests once the results are proven, then any mining licence changes will not affect them as they will mine the gold not mothball a licenced mine.
Mothballing licenced gold mines during high gold price periods is the reason for the mining licence review.