Member Info for Laverda

Mannhole, I see it much simpler, the longer it takes to hit full plant output the more the share price will drop.

Oil wells are even worse.

However that Reuters article and the later one linking back to the original are terrible and will carry influence.

I am crazy busy with work, but am considering this weekend doing a formal complaint to London Stock Exchange about it. It has twice impacted the share price.

People will believe Reuters.

Disgraceful that Reuters would employ someone who apparently can't read.

The quote is a worry, you would expect to be able to take them to court for misquotes.

Accionista, yes the normal protocol is the miner buys out the explorer.

Also because we didn't fund the lithium build from the sale of goldfields as first planned.

I am not entirely sure that if Nielle was a nice tidy small operation if they would mine it or not for income to cover overheads.

Until we value the second goldmine I agree with you re the old plan, it is not comparable to the original plan on overall value.

There is nothing dodgy about explorers selling to miners as other posters like to raise.

Doublesix, my first thought when the floor price was removed from the later presentation was early buy out possibility?

Why would you be willing to pay 100 dollars per tonne in supporting your partner when you could buy them out with a good deal for a fraction of that price?

I realised that Mannhole, not an attack.

Mannhole it depends who they have their offtakes with.

A manufacturer is not going to allow their supply of raw material to dry up.

If the price of flour crashed, do you think Greggs would allow their suppliers to go bankrupt dry up and they try and find something else to sell?

We are talking about the market price. That doesn't mean it is what mines with offtakes are being paid.

Amazing that after that crazy article was put to bed and Kodal informed us we had an additional $4m dollar stock, taking us up to around $21m dollars of stock that the share price would not recover fully.

Proactive has done the same https://www.proactiveinvestors.co.uk/companies/news/1071431/kodal-minerals-rejects-reports-of-mali-export-block-at-lithium-project-1071431.html

Agree Humster nice news article to correct Reuters error.

Ghost - following on from my apology, but something equally stupid, they call goods in a ship 'cargo', but goods in a warehouse or on a truck 'shipments'.

Until some picks up on words literally, you don't realise how confusing the language is for non industry people.

Well they have updated that report, but not pulled the incorrect one.

Also the backdrop has no relevance as Hainan are our 100% offtake we don't have to sell to the World.

The guy who wrote it must have a CV like Reeves, wonder if he did anything at all connected to mining.

Ghost sorry I used industry slang. Shipped and shipping we use that term road and sea.

I don't imagine they will be able to do an ad hoc movement of stock unless they agreed that within the terms of the road transport, dock handling and Hainan with their ship transportation agreements.

One offs are not so easy if you aren't already a regular transport user.

I am expecting nameplate tonnage before or at the same time as the export permit.

Of course the question we all did not ask was does the transport contract enable us to do ad hoc shipments before we do regular shipments.

If it does then yes a permit would be useful, but if not, which I would expect, then the permit is worthless at the moment.

I asked for my questions to be included in the presentation and one of them was when does our responsibility for concentrate end and Bernard said once on the ship. Where it becomes Hainan's responsibility, which I thought was good.

I bet some set stop losses.

Shame for them, lose more than 10% of their holding buying back.

This drops more on rumours than reality what a strange share.

Paris my same feelings about Reuters they were my always go to news outlet a couple of decades ago, sad to see what they have become.

That was a very difficult piece to respond to and Bernard and his team did it perfectly.

Very easy to raise more questions and speculation if badly worded.

A lot of investors lost money on that duff news, they will be furious.

Still has not fed through to the news feed here.

Yes BFD I took a tv programme quite a way with a complete programme based on completely false information.

They did not reply so I took it to a government department and they agreed and followed it up, it was serious and misleading on mainstream TV prime time.

Even though the government office followed it up as journalists they did not have to do anything.

However it looked like a mistake on the journalists part as I have not seen them on mainstream tv since.

So the TV channel bosses must have been less than impressed.

It is serious when a once respected news outlet releases false information which impacts a share price.

It may not end here. I couldn't tell if the London stock exchange released that news, could anyone else?

We will see.

Interesting that one mannhole.

There was a worse one sent out also by Reuters which I made a formal complaint but they did not have the decency to respond.

I have only ever complained about around 3 media outlets in my life and the others had the decency to respond.

The previous Reuters one I complained about totally misrepresented the last two mining codes and was factually incorrect.

The mining department may now keep an eye on the Reuters site and try and correct future errors.