Member Info for Laverda

Altag, if you understood, you may be unlikely to invest in Prem.
Here the current market capitalisation is half of the cash in the bank after this deal, with a proven lithium resource right up to definitive level, now a BFS because we have finance.
Prem - zero assets and no proven lithium resource.

Altag, cash doubles our market capitalisation.
With no sentiment on the production income, other lithium being proven or our Goldfields.
How much better do you want it?
They own less than 15% of the parent company Kodal Minerals.

They only own just under 15% of Kodal Minerals after this deal.
They own 51% of the subsidiary after this deal.
Bernard seems to confirm my thoughts and others comparing our resource compared to our neighbours Leo Lithium there is a strong possibility that we have only confirmed a fraction of the lithium in the ground, the real value in the subsidiary is still unmeasured in the ground.
We have tiny dilution.
Assets in hard cash double our share price with nothing on the table for production, future lithium resource or Goldfields.
Very good place to be. Backed by a strong experienced company.
The rest needs careful digestion.

Just to clarify there is no offtake agreement as part of this deal?
That one could be the next RNS?
Offtake - another cheque?

It may be picked up from the administrator, minus the clowns, but I think most of them have already gone, crazy spending in the wrong places early on.
They had to get to a certain stage for further funding and did not get there.
I see their spending has been brushed under the carpet with some NEWS channels and they are blaming Brexit!
Less than one sixth are made in the EU and it is declining.
Where they are made and where they are used also dictates where parts are sent, manufacturing is the small portion of car part sales, unless you manufacture non wear parts such as bodyshells!
Not the lavish spending and time wasting then.

There is also quite a lot of poor business moves behind the scenes with the Blyth factory, again if you can dig around a bit you will gain a bit more background. Glad Teesside has not been affected as there is a processing plant or something along those lines planned to be built there.
The undersea cable factory in Blyth has completely gone under the news radar, stick with the bad stuff.
If everyone alive in Blyth could work, they could not fill the potential job positions, people from surrounding areas will be needed to work there, brilliant turnaround if they all are built.
Teesside is turning around fast too, loads of development really good to see.
I am not sure what is happening in Hull and Grimsby, there were big plans there too.
Needs broadcasting as the kids at school select their subjects, as do university students and workers select their trades.
People from other countries who do not see our news on TV or papers know UK industry better than us and our children.

Crimea is centuries after the initial issues, decades after many others and years after the beginning/making of this war. 1991 NATO and 2008.
There is so much history it has as much history as Ireland.
It is an interesting read if you can be bothered.

Agree Epic, worth reading Kennan's comments on the subject.
One of the three wise men of the successful old NATO before they changed it.

Fpvone, they are not blue you need another phone

Jenkoo, yes looking closer at Leo Lithium who are further advanced than us regarding proving the resource on all of their ground, we only know on part of 97km, it demonstrates what could be after the initial stages, plus if replicated on all of our lithium ground, three times Leo Lithium's patch as far as I am aware, then the long term could be even better.
Like you say we need the here and now sorting first, the next two big RNS released.
It is difficult to know where Kodals best share price increase could be, because there are a lot of potential highlights on the horizon.
Finance RNS - mention of a car manufacturer could trigger a stampede, building of the DMS, production of the DMS plant, construction of the flotation plant, a gold field sold? Proven additional resource bumping up our lithium tonnage and mine lifespan, flotation plant going into production, take your pick, you can never tell which will drive the highest share price.
When the Mali government decided to audit gold mines in early 2022 and we put our Goldfield on a back burner to focus on getting lithium over the line our share price dropped.
Ironically selling our first Goldfield could trigger the biggest rise, who knows.

Sorry error - people from the UK, Welsh mainly.

Fpvone, while I would not shy away from confrontation where necessary, I would prefer diplomacy above war. We have just repaid our second world war debt, this war is added to our debt, the second stage of Afghanistan and second stage Iraq were both ridiculous at the time and proven to be a farce today, but I told you so does not give pensioners and working people a refund of their hard earned tax.
I think it was called NPT or something similar, the Ukraine used billions of western and Russian tax payers money to get rid of one of the largest stocks of nuclear weapons in the World, a third of the previous Soviet Union. I am not even sure if all were decommissioned before they are joining NATO.
Countries with major social unrest and civil wars need to settle into democracy and sort their internal affairs out before joining other groups blaming other countries and outsiders for everything cannot work forever. Have you heard any discussion whatsover about the minorities or different religion groups in the South? It is as if none exist. The war may one day end but the underlying problem will remain.
Read up on the development of the Donetsk basin by the Tsars, then the history from that point on of that region.
They had to draft in English too.

Fpvone, much better spend billions on a war which has nothing to do with us. Simply say no to joining NATO in 2008 because they wanted to be nuclear free, it cost billions to get rid of their nuclear weapons, and no to joining the EU as a
minimum until they sort through a democratic process their civil unrest. In our country saying people should go home who have ancestors who moved into the country 200 years ago would be against the law.
The industry and jobs those billions could have supported.
Never mind we are where we are.

Tiny piece of land.
Kodak = kodal

Range rover, they have a claims licence on a tiny piece of licence, they can explore on wider land, but require a mining licence to justify further finance and a full plant, otherwise they stay micro and just work the claims licence?
Their overheads are over 1200 dollars per tonne, they firstly have to repay their debt, turnover is not profit.
Kodak has a goldfield close to maiden, it can be sold rather than worked, then we have further Goldfields
However our lithium resource is proven, Prems is not.

Daz another poster made a good point on the PREM board, more the fool those that invest.
I judge the floor, any chance I can recover my money if that particular project goes belly up, others never consider it.
At this market capitalisation one gold project in my opinion could pull me out. Prem's other projects have no value to speak of.
So effectively they are investing early to see if there is sufficient lithium in the pilot plant processing because drilling does not work on old mine workings. Then if they are commercially viable to justify a proper plant, then get a proper mining licence and finance for the proper plant - good luck with that.

Roman that is a traders share much like NNN and UKOG, ok unless you are left holding the baby.
Some very easy calculations in Prem, what is the lifetime of the pilot plant and how much could it potentially process during that lifetime, not a lot, multiple that amount up to a sensible market cap and that is the absolute maximum value.
If the plant fails to prove a lithium resource, what is the value of their remaining projects? That is the bottom value.
The market capitalisation (share price) should be between the two.
NNN went sky high on nothing, Prem may do the same, but at some point reality hits.
Fortunately this one remains low so there is no decision to make.
We just need to move onto the next stage for a new discussion.

Bonkers, hopefully with us being the first spodumene mine to sign initial binding contracts in the high demand high lithium price climate we get a much better deal than all before us.
However in this respect we are the test pilot.
Ganfeng was one of the companies a couple of years ago which highlighted that the extreme high prices of lithium brought outrageously high outlays and potentially company destroying contracts to companies which operate in their space.
However I see contracts being more flexible across the World.
Rio Tinto recently did a deal which involved a small percentage JV with a small payment and options to take further small JV percentages with further small payments.
Car manufacturers are paying chunks up front, repaid from initial tonnage.
We don't know if a big company will dive in both feet and a massive payment to secure lithium because of pressure from contracts they have signed, or we get some sort of new style deal.
We cannot really go by the past in the current climate.
We are lucky we were not tied to deals like the other companies were, but really that was luck, Covid and the coup got us out of any ties we had.

Elcobble good find, I agree with the general gist of the article too.
This is where I feel Bernie and Kodal excel, they are extremely conservative, our lithium price in our projection figures are less than half of the average market price over the last year.
We have an absolutely vast 300km lithium patch to explore but nobody is making any predictions about what may be in the land which has not gone to feasibility stage, the only tonnes spoken about on the Kodal site and here are the proven lithium within the 97 square kilometre.
I have seen other non proven resources print estimated tonnage and life of mine using current market lithium price, even on small tonnages where the cost of extraction, processing, handling and transportation is much less efficient and much higher overhead costs per tonne, up to the point where many may not get to final production. Overheads of well over 1200 dollars per tonne.
We will see as time goes on.

Which companies are engineering etc at Leo Lithium?
The same ones at ours?