Member Info for Laverda

Wolf on it leading to a full plant or the loan penalties on the pilot plant kicking in if it doesn't hit 3,600 tonnes per month?

128m market cap should say.

Wolf, that pilot plant may not produce at the minimum recovery rate, then your loan penalties kick in. On the upside it could lead to a full plant in 2024/2025, that is your upside.
But at the moment you have a 28m market cap waiting for a pilot plant.
Hardly a pivotal moment.

Bonds- bods.

Merc, but remember it is a government office and may require a higher level signature like the mining licence did. I am hoping any day but have had enough dealings with government bonds not to hold my breath. Plus they have a backdrop of internal restructuring in the government.

Assllan Ganfeng definitely need more lithium and they have deep pockets and like you say close proximity, just over the fence (if there is a fence on the boundary. However other major miners are also circling lithium from America to Australia, there could be a big, but unexpected, name around too.

Time, yes pretty much it. Government first.
However same day following RNS could be optimistic. We are expecting to know if Suay Chin and Kodal formalise their offtake agreement. These had to meet set principles, unfortunately we do not know what these principles are, normally it would include providing funding, this was agreed when lithium was under 600 dollars per tonne, Suay Chin will need deep pockets now lithium is over 5 times the price to provide offtake guarantees. So will Suay Chin proceed with the offtake or not? Then there are these other interested mining parties, are they interested in a JV or buyout on the mining alone, or are they also looking for the offtake after three years production? Or are they wanting offtake too from day one? Or are we going it alone on this plot, derisk the remaining 200 square kilometres then possibly do a JV later on a much larger plot? So many variables we cannot know.
First hurdle patiently wait for the government mining dept to process our request.
Remember the government is breaking its neck to alter their procedures to move to a democracy, so normal timeframes may or may not apply depending if the mining section is involved or not, final sign off was slow last time, as the sign off was by someone higher and outside the department.
All positive though, so many variables because lithium is so valuable and in such demand, even if economies take a down turn. In normal mining getting finance and going it alone would not normally be an option, if anyone wants in, it will cost them, if they cannot or will not pay enough, shareholders will not get a bad deal as we can go it alone with a production loan. Nice space to be in. As normal with share investing none of it happens fast enough to keep the whole experience interesting, you need the patience of a saint.

Jenkoo, I cannot be 100% sure, but I think separate RNS, one for the government, one or more for the offtake and potential JV.
If somehow this is a buyout it would most probably be an RNS then trading halt.
Did anyone jot down the name of the company improving efficiency of the plant from the presentation?

Paris, agree the waiting is a pain with all shares, especially when waiting for governments, the government will check nothing else has been altered, then go over the dense media washer and if the infrastructure is correct to support it, no environmental impact etc, but really it is not much different.
I also suppose the government will make sure their percentage still produces sufficient revenue too and that they aren't losing out. Can't see it though, they will want this revenue asap.

Creaser, they explained who it was in the presentation, it was not an interested party. Not sure if they go under the engineering banner or what, someone would have to look them up.
The capital outlay would have to be finalized before any deal could be struck, the cost of the plant is so low a JV would definitely involve a sizeable cheque as well as paying for the plant.
An offtake deal and JV could also be separate, it may not be one deal.
It could be an offtake deal with Suay Chin and they provide finance as part of the offtake, then a JV mining deal with a mining company and they buy in.
Many possible outcomes because the annual turnover is huge.

Jenkoo, the bods identified the most cost efficient (profit efficient) of processing the ground and it required approval by the government mining dept. That is what we are waiting for.
The months already taken discussing potential agreements with other companies on varying basis are understandable, the companies willing to sign up could be taking on billions of potential liability it just depends on which way they go forward. A simple offtake with penalties and us doing our own finance deal could cost the offtake partner 100s of millions if they get it wrong
The financial benefit and power is definitely on our side.
Legal contracts with anyone else will be complicated and make both parties nervous, neither side will rush these.
Hopefully there was a clear winner at outset and they have been working on the legal details of the contract all of this time. We will not know until afterwards.

Creaser unless there is a crazy offer or the lithium fields can be divided I cannot see a buyout happening.
There could be multiples of our current NPV on the remaining land, especially since some of that borders Ganfeng's site.
A JV on the current NPV site is possible, that would derisk our lithium exposure a little.
Lithium is worth so much money it is a difficult trade off for money today by giving away some future income.
Damned if you do, damned if you don't. Difficult for Bernie and his team.
A better problem than worrying if you can sell it or get finance., Which would be the norm at this stage.

Agree lithboy, we can all look back at a graph and say we should have bought at this point then sold at another point on a historic graph. What you cannot see on a historic graph is what it was really like to try and buy and sell in the frenzy, big spreads when the news hit, purchase offer prices way above what is on the screen as the technology struggles to keep up, then when you try and sell, unless very early, not being offered the price on the screen as again the technology struggles to keep up to date with the physical trades.
You can always tell someone talking**** afterwards when they say that they sold X million at X price when you were struggling to sell a couple of hundred thousand at that price and afterwards see why because it was a fine point on the graph.
10 and 20 percenters do well on trades in a frenzy, the big multiples are the longer term holders. Just depends what approach you have on each share, nothing wrong with taking 20% a wages trade.

'The SP never goes up in a straight line.... when I first invested in prem I learnt the hard way'
Merc will appreciate those lessons as will the rest of us, the thought never occurred to any of us before investing.
You should have your own educational board. I would ask LSE.

Wolf, not giving advice, just wondering if you had posted on the wrong board in error.
AIM is not worth the risk to double money in my opinion. A good fund or two could manage that every three years or so.

Wolframite what happens if prem don't hit their deadline of the end of march for their temporary small pilot plant, what happens if they don't hit the minimum 3,600 tonnes required per month, even when selecting the best of their ground, what if? When? How much?
Kod ramped at 0.29p and mcap under 50m when the next stage is Full production?
Hardly, back off to your usual lithium board with your tail between your legs.
Sit there for three years and see what happens.

Splatted, remember the interest if we get our own finance. Also I would imagine they would allocate part of the production to the loan and keep some back as a buffer in reality.
But if it goes JV there will be no loan at all.

Chuggly, maybe another company that needs to update their website too? I hear a thousand groans.

Chuggly, the pilot is fully funded and is small.
The risk as I see it is that the pilot plant does not produce at the capacity required to repay the finance and then accumulate sufficient funds over a three year period to take them to their next phase.
If it all does go to plan when they build a full plant in three years time it may be without dilution and could produce a good result for shareholders, but has to be watched closely for detail. If the pilot plant uses the best ground the results may not be so good moving forward.
Anyhow we are in Kod, waiting for the government to sign that amendment and then see if a JV or financing is nearing signing of contracts.

Chuggly 3.5km covering 14 claims on their site, you need to read up if invested.