Member Info for Laverda

Fosters are you insinuating that 12% is unreasonable and may be hampering purchases?

No advantage going to the main stock exchange, many good companies stay in AIM, can be a lot of reasons, but one is IHT planning.

Comeonbernie, could be a good little speculation for you. I always measure growth in investments by the amount I can sensibly save in a year. Keeps your feet on the ground. A few grand in the pension early in life makes a big difference when the time eventually arrives.

Crumbles, follow AJs link below. It is much better even than the most enthusiastic person on the board, except for the two decimal point error!
Comeonbernie, the study may be completed earlier than 6 months.
We need the figure before we get the deal news.
If it is a straight JV I am guessing we have a straight cheque for over 200m, a bill for possibly 80m for development and our 80m back in less than one year of production. Then 8 more years of income, before they extend the mine.
Crazy money from where we started.
Could be a retirement pot for investors this one.

Got up early this morning and listened to the Q&A.
Superb clear presentation and answers from Bernie.
From that my first, only listened once, summary is:
Like us long termers he thinks the current share price is far too low. He has recognised that the gold Fields, even with further development arent even figuring in the share price.
They are sticking with spod 6 and keeping a high quality product, so later on in the mines life (he foresees well over 9 years) the high quality product will continue to be in demand against increased competition. Spod 6 will be increased through optimisation.
The mine has a current minimum 9 year life, but they have large acreage of additional ground which they have continued to test and already have indications of more lithium. Expecting significant mining life increase.
While initially one gold concession was leading the way and there was talk of a quick monetisation event, I think the lithium is so valuable, it is no longer a priority, now it appears they are going to take a little longer and the best of three will be the concession they develop.
No placing is expected, they have sufficient funds.
Some companies made some low ball lithium offers which were knocked back. Now we are getting sensible offers, given the market.
While going it alone is not off the table, it sounds like we are likely to go down a deal route.
Everything we wanted to hear and more.

AJ, I agree about Bernie, but mainly because we are still in the geologist phase, as time moves on Steve will become more significant, in this study he will be playing a big part in conjunction with the unamed Chinese company Sinohydro.
I am still up to my neck in work, just finished. You would think I sold Christmas trees or something, I should be having an easy week. Looking forward to catching the Q&A, anything I would have asked missed, I will e mail Bernie. Thanks for the updates everyone.

Thank you IKY for posting.

Cheers AJ, really disappointed, would have enjoyed it live. First appointment 10am. Great.

Marvelous, I have appointments and cannot make it, hopefully what I would have asked is covered. Got a crazy busy week.
Typical, bad week and not enough notice for me

UN has over 17,000 troops in Mali, with an additional 1,000 replacing some of the French reduction.
Does not look like Mali is abandoned at all. The French were supposed to reduce their force in agreement with the UN, seems like some trouble making reporters introducing a little drama in to the procedure.
The 1,000 are from Chad.

I suppose it is a waste of 5 holes, but like you say early stage.
Bottom line is you like us have been here a long time and you, like us, struggle to follow their explanations, they hop around in their format and delivery.
For instance, on their site they show Kodal, their subsidiary companies and then the concessions held within. So why not keep to that format. List the company the concession an update and approximate timeline.
I am convinced this is why the market cap is low. Almost everyone realises this has potential to be a big multi bagger. The Lithium is amazing.
However a big gold payment is likely to arrive with virtually no shareholder aware it was so close to maturity. Because we are looking at artisan workings and mineralisation in another bore hole.

This is a bit lazy from proactive

https://www.proactiveinvestors.co.uk/companies/news/969440/kodal-minerals-says-timing-of-bougouni-licence-very-opportune-969440.html

No pleasing me today!

AJ, this may be of interest:
https://www.fool.co.uk/investing-basics/how-the-stock-market-works/broker-forecasts/

AJ, always grateful if someone is willing to put the effort in.
Not only for our situation where we do not have one, but later if it swayed us to invest in something with a rating.
As a side note I would be wary about funds or other financial products because of a rating as most of them are paid for. There are exceptions if you know which ones they are. Most do not.
Shares may be the same.

Looks like the interim report was written that way as not to spoil Mondays presentation.
Looks like I need to apologise!

Mr P, I think you read that incorrectly. The old spod price was based on 680. Ironically though I think with the extra recovery you may be within 100 dollars of the updated cost. I was thinking around 600. Off the top of my head I think the old cost was around 450 dollars per tonne.

Thanks AJ, good analagy. In particular the lithium area is increased recovery. Today that needs breaking down, it is far too vague for new investors and for us too.
Originally with spodumene 6, we were also going to recover, other material, none of which was defined.
After the price rise in lithium he mentioned spodumene 5. However, looking at the huge tonnage increase in our neighbours mine, I wonder if additional and more difficult and expensive spod 6, previously left in the ground has been brought into play.
While January or later will give tonnage, he should list the new targets and explain why they are now in play.

In ours we would consider someone to be a k**b if they used industry speke in public settings.

Advanced, near development - should say.

I think the part for me, which underlined the sentiment in most investors comments this year, was the corporate interest in near advanced projects.
To me that indicated that virtually everyone has been knocking on their door.
Which just confirms our thoughts that the financing, it is likely to be favourable towards us.
On the negative, I dislike Bernie's geologist terms being brought into a shareholder report. In our industry we would consider that unprofessional, it is not client friendly.