Member Info for Laverda

Onlyking, not much to say just wait for the government to sign off the plant in their own time.
The market cap being low is a positive and to date this has not been ramped which is good too.
Here we have the strong possibility that a JV cheque could be greater than the market cap, real value rather than hype.

At times like these what happened to whittling?
I suppose it doesn't help the anti knife movement.

Potato head, I agree me too. I have confidence in the company too.
We just need that government official signature, we have had no RNS so no alteration to the submission has been requested so it is likely a simple sign off.
Once that is done, I think the following construction RNS will be only to do with private contractors and their progress. If we need a sign off on a road or something from the government there will be a thousand groans as it looks like up to 12 weeks or so to sign off anything in the Mali government, still they are quicker than our government offices.

Ps potato head, some of the Goldfields are in Mali too, more Mali government waiting. At least after the first lithium we should have a big chunk of cash while we wait!

Potato head, remember this 700m dollar patch, according to the website is only one eighth of the entire lithium play, you can get a big chunk of money - hopefully - then enjoy 7 more requests to the Mali government if they work each plot individually - we can grow old together!

100not out how many weekends have we said that now! I hate these waits for governments, but they are unavoidable.
I wonder if anyone buys in and pays more to get a stake on the remaining lithium plots, or the deal is limited to the 97km?
It will be great when these start dropping in, the chat will move on and pick up again.
On a positive, it's Friday!

Not out, the contract will agree a percentage for which they will pay a cheque, usually 40 or 50%, but I would think that the contract would prevent them from purchasing shares in the other percentage. Otherwise it would turn into a hostile takeover type of situation?

100not out, there will be no placing. We are well funded. Bernie has confirmed.
Outside chance of a complete buyout, likely a JV which would involve a cheque to us, or Bernie goes it alone with either our own or offtake finance, both will be based on production.

Merc assuming they are sells, they possibly nipped over to gain a few percent on a share they have been watching, if they are successful they could be back. Some make their living from here, so they can't sit about too long and have to take a gamble that they can get back in. Others accept they will miss much of the gain but wait for news so they invest on good news and miss the bad. Loads of different strategies based on people's needs, experience and their own tactics.
Most shares I have watched are low like this one when there are RNS due of the importance of the next two or three. If you have the balls that is where the big money can be, the multi baggers.

Lorcun, yes a production loan should be easy on lithium.
However we expect one of the offtake 'principles' to be providing finance as the principles were drawn up in 2017, which would be a priority at that time. Although we missed asking that question at the Q&A unless I missed it.
Lithium finance is easy with an NPV based on very conservative figures which are outstanding for loan purposes.

Paris, pivotal I agree, I bet the mining dept in the government finished their work a week or two ago, we will be waiting for a minister to get round to signing it off.
At this time of year they are on the same time as us, so possible any working day 9-5.
Then the deal details should follow closely behind, offtake finalized and a JV if applicable. Outside chance of a clear buyout - I am leaving sacks out of it.

L3trader, I would quickly research Kod. You need to be very quick. DYOR

Onlyking, we must have the finance pretty much arranged, but that will not be released until the government signs off the plant alteration, last time we were waiting for an official to sign it off, that is probably the same with this one.
Once signed they know the finance figure required, that can go into the contract and then the RNS released.
JV or buyouts may be a complicated contract because the NPV value is only based on a small portion of the land, less than one eighth -off the top of my head, I am not sure how they will work on the much larger portion of land which needs drilling and derisking, they don't want to give that away.
Normally in mining it is the concern of getting finance, with our lithium asset it is more of a stress making sure it is not undersold.

Mr Spoon - RNS in the morning then - sods law

Hope, all of these RNS at this stage of every share I have looked at seem to take forever to land.
However with so much time lost in government offices here, it always feels worse waiting for a government to sign something off.
Not very Wolf of Wall Street. I imagine FBI stakeouts to be like this too - dull

Daz, holding little weight I agree, however as you already know, that is a huge positive here, because any offtake deal signed is signed now based on current prices. We do not end up with a poor deal like others have done.
The major miners interested in our project will want that offtake, if they do not get it in the first 3 years and Suay Chin can match the principles they will be after it in year 4.
Cannot wait for these RNS to land.

Yes Daz, that is what I thought and I have just had a search here is as much detail as I think we have had, unless something was answered in a q&a
https://www.proactiveinvestors.co.uk/companies/news/309944/kodal-minerals-focused-on-rapid-development-of-flagship-lithium-project-9944.html

I missed that Daz, thank you.
A buyout is almost certainly going to be one of the offers on the table at present.
Daz did you hear anyone asking about the 'principles' of the offtake agreement? In any q&a sessions or presentation, it is likely to be in 2017/2018, I never watched any back then, I just followed RNS etc. I never listen to anyone from the company before investing otherwise I might be swayed by their enthusiasm.

No idea on the Goldfield which is the only buyout offer we are certain of.
We are not sure if the 97 square kilometre area which provided the NPV, current asset value of 500m plus can be separated from the other 700 square kilometres which do not form part of the lithium NPV.

Rob, unless this is the company looking for Goldfields?
We have a few Mali concessions. Gold would be easier for a newly formed mining company. Lithium is complicated, look at our board, all highly skilled.
Could they be the ones placing a bid?