Member Info for Laverda

Clapa, I agree! We like to think we are!

Clapa, good points, I wonder if that spurred the clearer RNS rather than us complaining about communication, website etc?
(The greater than 0.0038?)

Claps, definitely not out of the question with a company with one of the deepest pockets in the World just over the boundary fence.
But absolutely no concerns at all if we go it alone with this team.
Going it alone would add the most value for us.
It just means we carry all of the financial risk longer, but risk and reward go hand in hand.
A JV reduces our exposure on this one plot, sell 30% lose 30% of the risk, gain an upfront cheque, but also lose income, plus anything above the estimated lithium sale price. 3,000 dollars per tonne if sold at the conservative estimate.

Clapa Steve has set up and run a successful lithium mine in the past. Steve has also set up and run other types of mine in Africa too, not many people in the industry more experienced than him.
Bernie was a geologist in a large company where he would have to produce or be gone - so used to commercial pressure.
Bernie is very experienced in gold too.
We have the perfect board.
If they do a JV it is more likely to be a further derisk strategy, lithium resource fully derisked, then get part payment of the 97km upfront to derisk further. Then derisk the remaining ground.
A part bird in the hand type of thing.
I think they have the talent and experience it just depends if they want a big chunk in the bank quickly or not.
But car manufacturers are nervous about lithium supplies so anything could happen.

Fpvone, did they manufacture steam engines? Micro once upon a time was anything smaller than an elephant.
Happy New Year everyone.
It is going to be an interesting year in Kodal.

Jenkoo, good point about the gold offer via RNS, I have not seen it in any of them, just the interview.

Jenkoo, the share price is nothing but a guess, you can't judge how people will react, there are many junk shares in AIM with market caps multiples of the value of the annual profit that a company could ever produce, some multiples of the value a company could reach once fully developed.
Kodal is not one of these, it has a market capitalisation (share value) worth less than if one of the Goldfields was successful and sold off, never mind lithium.
Kodal has a proven resource - no need for a small pilot/test plant to prove the resource, that has already been proven in a fully signed off DFS.
Mining licence already approved and in place on 97 square kilometers for 12 years.
One of the Goldfields already has had a buyout offer.
When both plants are running the turnover will be over 1.7bn per year based on a 5,000 dollar per tonne lithium price.
If there is a JV announced, dependent on the percentage sold, there could be a cheque for over 100m dollars in the bank before mid year.
If this happens they may finish off the most mature Goldfield which is close to the maiden stage and this could be sold before the lithium is onstream.
We have to wait for Bernie to announce any deal, any finance which is not going to be a placing and see where we are going this year.
With 1.8m in the bank we have more than enough money to see us to the finance stage.
Kodal is massive, the share price will be dictated in the order we proceed unless a big name like Ford or similar is dropped into the mix in which case it will explode early.
Remember Bernie made a point of saying that the broker approached Kodal, I wonder which clients they have on their books?

Who cares?
As long as the company keeps progressing correctly as it has.
Proven resource, DFS, NPV and mining licence in place, finance discussions happening currently for a full blown production plant rising at second stage to 350,000 tonnes output per year.
Goldfields in and outside Mali as a safety net.
Better investing on sound foundations than hopes and aspirations.
Investing in a high market capitalisation I have never heard as investment advice.

Flyfishery, I too agree and hope it works out well for them too.
The more successful businesses in AIM the better.

Dazed and confused, listen to Roach not me.
You cannot confirm the lithium in the ground, no competent person will sign off a DFS, because the evidence for lithium does not exist. Therefore Prem has to go the long way round, start running small tonnages through a pilot plant to prove the lithium. If it doesn't then your doors shut as you have nothing else to fall back on.
If the pilot plant works it does the same as drilling did for us, proves the lithium supports a DFS, then you can see, after you get a mining licence on the wider ground if you can raise finance for an operation similar to Kodal, you are well behind not ahead.
Loads of rubbish written on that Prem board totally at odds with what Orem's CEO states in interviews.
Good luck with your money.

Dazed and confused, Prem will have a little pilot plant running this year, which hopefully will prove the lithium that drilling cannot, which will allow them to complete a DFS which will provide an NPV which they try and raise finance for a full production mine. They also need a mining licence too, as they currently only have a claims licence on a small patch of ground.
They are a long way behind Kodal.

Clapa, this is where we are very fortunate to be in Mali. Mali being the fourth largest gold producer in the World understands booms and bust, through their gold mining, high and low pricing, high and low demand. Other countries, even those considered more developed do not have this experience. Some other countries are making massive errors with their government moves on lithium. Few seem to understand the short nature of the high demand high price lithium window, once in full production the likes of Kodal with an already proven resource may get 7-9 years at high prices, then other resources around the world behind this project may come online and the price will level out and it will be like any other resource.
Some countries are under the illusion that lithium will turn their countries around it is not so.
It takes 6 or 7 years to prove a resource and get it into production, by then the price will soon level out.
Private money and private business is the only way to move at high speed on multiple areas governments will not cash in on lithium trying to get involved with this part of the process.
A government mining company nationalised like Mali has, will not interfere with their gross output, so they have been more sensible in their move than some other countries.

HUFC, in Bernie's latest it is 350,000 tonnes per year when the initial washer and flotation plant are operating together.

Naylor, Merc & Co, agree and what is even better is the first two plants are just the first steps, dependent upon drill results there could be larger plots to follow.
Gold too of course.
Which means that the share price should continue upwards over the following years, not a one time hit and dip, like many shares.
It is going to be a Merry Christmas.
Down to Bernie and his team.

Lithboy if a car manufacturer is named in the end user finance package I think Bernie & co will be pleased with his share options.
I wonder what the common nickname for Bernard is in Australia? Barney, Bernie, Bern? Anyone know?

Kodal are sending much clearer messages to us now.
The Aussie/UK terminology is much better and the message is clear both for us and any new investor looking for a home for their future investment.
Another good broadcast, it makes a huge difference and closes the door on speculation and other shareholders trying to influence investors to jump ship.
It is very clear that they see a sweet spot for demand and favourable pricing and they are going to ensure that we are running full bore while it lasts.
The Mali government being a major mining nation in the World will be experienced enough with gold fluctuations in demand and price to work with Kodal, I think we are fortunate to be in Mali.
Some other countries are less experienced and doing some wacky things in connection with lithium.

I wonder if Barney will get rocks or nuggets for Christmas?
Will he like them or will they be like socks and he thinks oh not again a little pick, rock or meteorite sample.
What do you reckon he will get off Santa?

Merc not out of the question.
Furthermore dependent upon what the deal or deals are, potentially there could also be our first maiden goldfield before the plant produces, it potentially could be three major events in around 14-18 months, the first in the first half of next year.

Daz yes, but Bernie did say he was expecting to finalize and made a strong point of saying that the broker approached him not the other way on.
Which is an odd thing to say, unless they had been asked to approach him.
Businesses are constantly approached by suppliers of products and services, so why was that worthy of mention?

Avo net asset value would be high in the accounts, but the published accounts are a year behind.
You would like to think that share price would follow.
Normally these are multi bagger times, or inflexion points as they call it in shares.
Normally they are events that shareholders dream of.
But AIM is AIM for every company on here and shares are shares sh*t happens as well as the golden moments.