Member Info for Laverda

Sakh, the flaw in your thinking is the process. Just because a pilot plant might work a financier does not go, great here is 70m to turn it into a full plant. They want the appropriate documents and evidence to support their loan.
The Zimbabwe government does not allow a pilot plant then just say extend as you wish.
Never seen such a Mickey mouse board.

Daz423, he is holding prem and by a miracle he will have sold out on a high just before the crash.
The boards are full of Billy Bulls*****s like him.
Best just to sit back and watch your prophecy unfold.
A good company with no life of mine limit ratio is 10% of market cap net profit.
The pilot plant has a debt to repay and has a short working life.
As you know the value in the pilot plant is proving the resource.
The traders will be gone before it comes to pilot plant crunch time.

Mr0.8 Mali is the fourth largest gold producer in the World, it is Africa always something going down.
But it did not climb to fourth on instability of business.
Other African countries are in much worse situations, others just not highlighted in the press.
For instance South Africa has a horrendous issue with crime threatening their mining. Zimbabwe and its ongoing political situation is typically volatile and violent, Africa it is the nature of the beast.

Wolframite, you keep tripping yourself up, if you are going to lie you need to keep your story the same.
Sold in the spring - I diversify between two prem and here in the autumn tut tut.
Uncovered for what you are.
No doubt you will be telling us you sold prem before they crashed and bought here in a dip next.

The gold resources are not fully derisked so they would not be selling them yet. There was an offer on one of them according to Bernie.
This will trundle along until we get the alterations approved. We had an RNS for tweaks on the mining licence before it was issued too, so nothing abnormal.
You will go through the same if your pilot plant proves the resource, you might be at this stage in 2024/2025

For once I agree with you knacker

Ilovelithium, Roach said to be absolutely clear we cannot prove the resource with a DFS, no competent person will sign off a DFS, therefore we have to prove the resource with a pilot plant.
His own words everyone can listen to them.

Dazguard, bunding for the liquid in the plant, not newts - but you did make me chuckle - cheers

Asllan, let them buy, not your concern. Buying into a 100m market cap for a pilot plant, more the fool them.
If the pilot plant does not prove the resource, it will be a mega drop, lucky if every thousand pounds is worth a hundred.

Most on here thought March 2024 at the earliest Wolf, that ship sailed two months ago.
You were here on the board.

But Naylor tell me a share or point me to any major construction which was completed in the original estimated time?
The only ones I have ever seen completed on time are timber garden sheds!

Wolf, so you lied when you said you are invested in both when the share price was lower than 0.3?

Agree Merc, also if anything did go wrong here, or in Mali, one goldfield success would rescue our purchase price, we have a safety net.
Prem, if that pilot plant cannot prove the resource, a 100m market capitalisation will never be rescued, investing with no safety net.
We have to expect a bit of to and fro over the following weeks between the government mining office and Kodal. Final pieces going into place before machinery start ripping up Mali ground with roads and other infrastructure for a full on plant, was it a million tonnes per year of ground processed?

Jaguar - lol

Hope, yes I see that as a massive positive - to me it is in preparation of something, since our existing SP are the finance experts it may be a JV.
I would be blindsided if they completely sold this plot, not expecting that.

Potato head, unlike the random news article in what looked like Morningstar, you will see that not many investors here are panicking.
This is a huge development over 97 square kilometers, our mining licence is for 12 years with 10 year further blocks, the overall plot expands to around 800 square kilometers, it is right that the mining department asks for further information and detail, they did for the mining licence it is expected here.
Also we have already discussed the wet season, many of us, based on previous years, expect that to be prolonged and go against us. We already have the mining licence there is no issue there, this change is a technical challenge not a make or break, the finance is the big leap up in net asset value on our books, then next stop the production plant.
There are no issues it is all moving at normal (boring) mining pace.
If there are any 88e investors also here, they can educate you on the length of time it takes explorer to producer.

Ilovelithium, PREM is a pilot plant - listen to Roach. You might be producing end of 2024 early 2025.

Clapa, what makes you think they are short of short term funds?

Sash, I think the funding is completely sorted that is why there is an appointment on the board, My personal view, but I think it is done and dusted, just a signature needed after planning is sorted.

Daz same as the mining licence make these adjustments then resubmit - it is normal, it happens here with simple planning let alone industry.
I also think it is as I guessed, he mentions the environment, liquid capture sytems change if designs change they have some work in that area. While in practice it is a simple adjustment, they have to prove it.
This is a huge industrial site, it is not planning like sticking a pvc porch on your house!
We can all switch off until the New year.