Member Info for Laverda

Merc man easily, as it is divided between gold and lithium.
There are not many times in share ownership where we are sat on so much good news.
One of those moments to enjoy.

No mention of licence was positive for me. RNS rules could be kicking in.
Good gold results effectively split our market cap between gold explorer and lithium explorer. For our first concession out of eight we could not have dreamt of those figures and, reading at a glance, they have not defined the edge?

Wow, the excellent news just keeps coming. Fantastic ratios even at lower gold prices, but at today's prices amazing.
So the reason is the high gold price has increased demand on the labs etc increasing turnaround time.
I prefer drip fed results rather than everything in one go.

Agree 423. Also he has to be ultra careful how he communicates the next RNS. Investors will hang on to every word. You are right you darent not keep looking at this share so many variables as you say.

Agree Speel, we are dictated by government speed and a geologists explanation of a timeline. Everything is quick compared to his chosen subject.
Which is why there has been unnecessary frustration and a relatively low share price at Kodal. With gold and lithium prices rising this timing couldn't be better. For monetising gold and getting partners for lithium.

It is very exciting how this is developing.
My only problem is it all seems to good to be true.
Imagine if we had got the licence then covid hit ...

Except onlyking if they monitise the gold it could reduce dilution in the lithium so in that way they may be tied. Furthermore it greatly would increase our share price, further than we initially thought when gold was expected to be the second money event.

Ricky-they are buying, I posted a link to some of their other purchases.
The hike in gold prices has changed the landscape, I think that is why Resolute were willing to lose over a million in drilling costs because the price is high now and they could cash in elsewhere.
With the higher price anyone could be interested, however being already in the area, comfortable with the politics, type of land weather etc makes sense and like I said they are buying.

Plus, I forgot to add, spod is 20-30% above the figures in our original projections during this licence delay, meaning our gross and net calculations for estimated profit are understated based on these latest figures.

Ricky governments move at glacial speed. That is not eating any meat as they say, so currently is not a concern. Meanwhile the world deals and improves during the pandemic. Once we start building that is where we do not want a delay as the overheads are high.
Bernie thinks gold will be the first monetised event so just now the gold results are of interest.

Yes Bas, I wish I knew the lab procedure for this stage of drilling and what they do about any inconsistencies. In my opinion though, the longer the lab results take the better. It is more likely that they would test again to good to be true samples before an RNS than an empty sample.

Penny great minds.

Shareinthis, if you stand back and look at what you posted it does not make sense in this context.
The mega multibagger returns are if a junior explorer turns junior miner.
If they had already mined, they would not be an explorer they would be a miner.
A miner mining another concession would increase share price but nothing like an explorer turning miner - that is why we are here.

None of us know the timeframe for the lab results. Also if there is a large inconsistency, for example an earlier drill indicated the end of play, a later one it continues (as there are multiple drills not one) what happens then? A second sample processed? Nobody who posts on here has worked in one of these labs. They may have done on hotcopper.

There are some massive investment in lithium and gold reported this week, today two, gold in Australia and Lithium in Serbia. Definitely flavour of the month.

To the moon.

About 10 out of around 140 RNS for this company were sent at 7am. Possible but unlikely based on past form. That is why this share has people dropping in all day.

Hardly any of ourS have been sent at the time you quote, see history.

https://m.miningweekly.com/article/egypt-barrick-gold-sign-four-contracts-for-gold-exploration-2021-07-27

It is more difficult when it could be any minute, I agree. I am expecting a good RNS, I hope we are not disappointed.