Member Info for Laverda

Roman, you are a prem investor, we can read your posts.

Where the price is now or prior to the full update makes little difference anyhow, except for those who want to top up or traders making a percentage on a rise.
So I understand trying to talk the share down. But really there is nothing but good news to date so there is absolutely no reason to suggest that the way forward will be bad news.
Unless of course some people were in fantasy land at the size of an initial payment for a JV if they went that way.
No doubt no matter which way forward or how good the move goes some will rip it apart as usually happens on these occasions.

I am excited to see what offers these large mining companies are going to put on the table.
A big cheque and royalty type payments I am hoping to see.
But I am expecting all of them to be decent offers from miners and others.

Paper, like you say clarity required and very simple has the scoping study been completed and if it has, is it longer than six months?
If this has passed which conditions still apply to Say Chin, if any?
One area which did confuse me was 'after production' most offtakes involve funding or assistance to go to production.
Clearly they do not try think that is an issue as they are in talks with companies - but I found that wording odd.

Sorry paper you answered while I typed. The end of the Suay Chin webpage on the Kodal site says no formal agreement is in place or that one may be agreed. The last paragraph.
We are back to the same old, a website which is dire and should not have old information which is no longer relevant as potential landing pages, they should be in archive folders.
Only current information should be in the relevant gold and lithium landing pages.
Suay Chin page needs updating.
I think the website is a main reason why this share is undervalued anyone new does not have a hope in hell of working out where we are.
Either way if that information you posted is from Suay Chin and is genuine then Bernie needs to send out a communication.
Shareholders in other lithium mines or traders will use stuff like that to undermine the share price.

Agree Clapa. However at the end of the Suay Chin web page on the Kodal site it specifically states there is no formal agreement in place.
In the NPV figure there is no mention of a three year deal. Or in any of the RNS communications or interviews surrounding the updated study.
Bernie is going to have to comment if there is a formal communication floating around from Suay Chin, assuming that the translation is not false.

From Kodal site, following the information in the link you posted: shareholders should note that there can be no guarantee at this stage on the timing of completion of the Formal Agreement or if any such agreement will ultimately be made.
Under Suay Chin on the Kodal website.
As far as I understand we are free agents which is why there is so much interest in Kodal from mining companies.
Susy Chin of course can put in their offer like any other company and being major shareholders of Kodal they have an existing relationship. But I think they will be out gunned by bigger fish.

Paper, I don't see it as complicated as lawyers, otherwise the mining companies and other offtake offers would not be on the table, none of this is hidden.
Suay Chin gave a reasonable deal in 2017 when it was important to have an offtake partner for a mine to survive - see Bald Hill.
Since then the market has completely changed and the offtake deal, if finalised - on which there is no evidence in RNS form or on the site - the site specifically states it is not formalised, but if it were formalised is so weak that virtually any of the big mining companies or lithium offtake companies can blow it out of the water.
Ganfeng explained how difficult the market is for them and the mega money required to secure lithium.
I cannot imagine Suay Chin having the resources or expertise to trump the other companies, but we will see.
Lithium mining could not be more different than in 2017.

Papers.. I would go with that if they did finalise the agreement.
But as an example only not based on any figures if a mining company offered 300m upfront, to mine the site themselves then 30% of any spodumene price above x amount to Kod paid monthly, then this deal would have to be matched.
It was too safe an offtake deal for Suay Chin and no risk for Kodal, understandable in 2017 but not much good to Suay Chin now.
Unless the miners go and it is a straight offtake cash battle. Then they get the chance to steal.

Kodak=Kodal predictive text

On the website if a formal agreement has been made, on the website it says it has not, Kodak before selling more than 20% of product to another company must offer them an option of the same deal.
So even if it had been formally agreed they have to match the deal offered by another company. A large mining company deal would be difficult to match by a non miner.

I wonder if when spod price took an unexpected tumble if they did not take the option? I can't see a finalised version?
If you can find it please provide the link.
Back to the old complaint, a poor website with out of date and no longer relevant agreements still visible and not foldered away.
I thought the 20% was finalised but can't see that either.

Dr pineapple, that one is not finalised, negotiations after a scoping study. Where is the final one?

Paper- it is interesting and I am not contesting it.
However the original agreement was for 20% only. There was a possibility that they would be discussing 100% at a later date (this was back in 2017) when was a further deal concluded?
Where does 80% enter the arena?
If the market price is predetermined that should have been in the study and been the price basis for the first three years, but this is not in the study.

Paper when you look at their increase in shareholding it does not mention anything about an offtake agreement or in the study update RNS.
Maybe they are trying to do a deal? They have good access and an existing relationship, but it has to be better for the shareholders.
Makes you wonder why they do not simply buy more shares, they are still dirt cheap.

Paper, do you think the 20% agreement remains in place or the 100%?

Paperdrunkwriter, yes that is it, either just before or just after Bernie said in an interview we were free agents, able to do deals in the open market.
Large mining companies would not be interested in us if we were already tied into an offtake agreement and more than one are interested.
If anyone has time to check video interviews before and after that date it will be in there.

Lithboy, lol, it is not a new concept, there was an oil exploration company many years ago which slowly pumped their own well and used the proceeds to fund and develop exploration sites. You are right about the shareholders, no dilution and the shares went up into the pounds it was hugely successful. Got so big in the end it merged with other companies and became part of either the, or one of the biggest Asian oil companies. Damned if I can remember its name.

Paperdrunkwriter, it did lapse, you may remember Bernie shaking their hands in a photo and the Chinese all had long faces. We are not tied to anyone.
A pilot mine, if set to the correct tonnage could fund full exploration of the site and potentially increase the value.
Personally I think the value is so far above our original investment expectations as it is, better de risking for us would be a big cheque, full buyout or 50% JV, we have had nothing but amazing luck so far, so best not push it too much.

The original outlay is 154m, 50m is not even half of the cost - unlikely to be correct.