Member Info for Laverda

Double six you state the reason yourself plant nearing completion.

You point to a time when the share price was higher, that was when the company value was also higher.

Cash is worth more than the equivalent cash worth of parts in an unfinished project.

Agree Wrennus.

Plus there is absolutely nothing wrong with trading, so if you are a trader bothered about fluctuations in share price to buy and sell simply post that on the board and have discussions with like minded folk. No need to pretend to be in for the long haul.

It is a poor trading share, I am not a trader as such, but now and then do sell and buy back cheaper, I only managed it twice and only 20% gain in holding glad I didn't chance it the last time. So for traders I understand the frustration.

Asllan absolutely for balanced views elcobble has just released real odds data, real risks covered all of the time here.

Give us some real facts or highlight something that the CEO or team said, or something relative from another company, country or whatever.

But just making up fiction and posting as fact is tiresome it kills the board conversation.

Best take your money elsewhere Rob as your views are constantly negative about the share.

No way would I invest in a share if I had your viewpoint.

Also in any share there is absolutely no rule that the market cap/share price should follow the value of the company. Sentiment is either well over, pump and dump territory, or well under rarely near actual value except in the big blue chip companies which can be thereabouts.

We aren't waiting for anything to be signed off. You don't know what the mining office rules are regarding permits, if you give us all of that information we can work out if the permit can be issued yet or not.

As far as the plant goes it is going extremely well, like an absolute dream and we are getting near to full output - no issues there.

As far as wanting a shipment released, Bernard said next quarter, that sounds like a large shipment, over 30,000 tonnes I am expecting.

So really I don't know what you are moaning about.

Rob/ivenoidea they switched to drilling for the second plant resource. Veins suitable for the second plant.

So the resource upgrade will be later this year.

Badomen - exactly, payment to KMUK to fund the plant build, not out into Kodal plc.

However no offtake has been agreed on phase 2. So there is opportunity for a large upfront payment, the way many of these projects are funded. If Hainan wants the offtake it will have to pay Kodal.

Kenco why are those values you list not in their accounts?

Sorry Kenco, I meant me not you.

I agree yours was a comment, I picked up on.

George, the second plant will be a massive offtake.

Whoever takes it will have to pay.

Most offtakes have large pre payments.

Kenco I don't see less risk on the share price.

But each to their own.

It is not an advice board.

Kenco, I think your assumption of risk may be incorrect.

If Kodal lithium fails but our maiden gold field is only worth £40m we only lose around 50% of our capital and we still have Fatou. That is assuming zero for our lithium or plant.

GGP is 50 times net assets the potential drop is huge.

Kenco GGP market cap 50 times net assets.

KOD less than twice net assets.

Explain your risk comment?

George I think an offtake agreement will cover the majority of stage 2, 50% upwards.

A low cost mine offtake will have a high value.

So then we would be looking at funding the difference on our percentage.

Not a big concern.

I will be surprised if we get that far, Hainan could buy us out and take an offtake prepayment for themselves.

Elcobble, what is even better is that we should be able to complete Nielle to maiden with no dilution.

The mines don't need to be massive if there is little to no dilution to make decent returns.

Asllan, have you ever walked round anything of this size before? You must have seen much smaller quarries or mines where you live?

This one is miles of open bare country with no water mains, roads or electricity, everything built, water filtration everything.

Three ships of parts loads of complexity.

They are going through a step by step process done in other mining enterprises for decades.

Hainan has the processing facility on Hainan island they aren't selling to somebody else.

Do you see rechargeable Duracell batteries or Tesla batteries selling cheap? Same price as they always were.

Stop inventing stuff. It is a simple plant shake down.

What size is the contracted shipments on the ship?

50,000 tonnes or less? If you knew that and how much additional tonnage we need to keep in hand you could roughly calculate when a shipment may leave.

Otherwise it is just more rubbish posted on here, like the licence transfer to mislead people.

After all of their rubbish they still appear.

Once the lithium is behind us no doubt they will still be cropping up.

Cheers Accionista.

Yes it would be good if we could get a q&a soon. We all have loads of questions.

Now they have selected their port they can give more detail.

If missing: or if our payment on transfer of the licence was adjusted for their share purchase?

Lee Marvin there is a published calculation, you will be able to find it.