Member Info for Laverda

Mikb,

I agree about your self imposed target date.

Also the self imposed tonnage, rather than simply sticking to the plate range.

The speed from nothing to where we are is phenomenal. February to last week - the figures were from last week.

Only deflated to some by raised expectations.

I have not seen a mine start like this one - very professional.

No Ricardo it is ok.

George's earlier calculation was bang on in 8 weeks we have gone from zero to 80% of the upper production figure.

Wow.

Show me another lithium mine which has achieved that.

Nobby it isn't it is the big moment for us.

Producing spodumene at a profitable level. Everything pivots on that.

As in my last post we are now up to £100k.

Turning that dial up slowly.

Ricardo producing spodumene at that level.

Bang on George.

We are currently up to 100,000 tonnes per year, the plant is increasing really well, we started slow running at 62,500 tonnes per year.

I can't find the original tonnage output figures, don't know if they were 110 or 115,000 tonnes at outset up to 125,000.

The 125,000 to 130,000 guarantee upgrade from the plant manufacturers we should take with a pinch of salt.

We are getting close. Probably could calculate the increase in speed backwards to project a completed time forward as a rough estimate if we wanted.

Nobby, if it doesn't operate within that range every tonne produced is a loss.

So all that matters is the plant output.

Worrying about the licence would be stupid as it could land on the mat while optimising the plant.

Like building a car, can't get it to run perfectly so a few days/weeks to go but everyone saying that the insurance document arrival is the most important item otherwise you can't use it. Can't use it if it doesn't work.

Super fast progress on the plant February to now - brilliant.

Badomen if the plant is not producing within range, I can't remember if it was 110,000 or 115,000 tonnes up to 125,000 unless we are running out of storage space the licence is irrelevant.

If the plant doesn't produce between those ranges there is no mine.

If in the interview Bernard says it is within the range then yes, one we have jumped the enormous achievement of being a profitable productive mine from an explorer and then yes all focus goes to that licence transfer.

If the plant is just outside that range the real investors on this board still have some nail biting to do.

Stockwatching you are incorrect about Barrick they agreed a deal with the government in February and it is to be signed off. You are out of date.

So from initial spodumene spitting out to that RNS it has produced 50% of top output production.

Taking into account all of the stop and starts while making adjustments the average over that period will be over 75%, that is good.

Disappointed that it is not up to full speed, the following interviews, assuming he is back home, may give more detail on output.

Jolly are you Scottish or Aussie?

Stever clearly not.

Back packing in the lakes doesn't count.

Stever have you ever been to any of these places?

My wife and I recently managed to get three hours video link in a month.

It was a complete pain in the***e, as we needed to cover some important stuff.

If he is out there your going to have to wait.

Yes Sunshine, excited not worried.

Could be a buyout offer and surprise us all.

One and only, he rarely does updates from Mali, I think I saw one, he does them from home.

Oneandonly and Elcobble agree, it is incredible a brilliant deal. So few manage it.

Can't know what Bernard's timetable or location is, but I reckon if he doesn't give us the usual quick quarter round up today or tomorrow he could be holding it back to combine with something else.

Bernard is 100% reliable and fairly predictable.

Jolly always the case with every explorer, goes with the territory.

Little minnow amongst big fish.

Name me a different explorer from the past who was different?

Xinmao is Hainan.

Tardis, they are doing an update it was in LinkedIn.

Looking forward to it.

Creature of habit Bernard - Thursday I think.

Pigman exactly it is a real mine in a hot humid climate, massive site with real machinery handling thousands of tonnes of material per day all being adjusted to try and hit the upper edge of the output range.

This is very real not a video game - hundreds of men with heavy machinery making it happen.

I think Kodal made a mistake removing the production range from communications, I can't remember if it was 110 or 115,000 to 125,000 tonnes per year.

They may have already hit within the range.

Something they were told made them focus on the 125k, brave repeating it, a bit like being told there was a quicker way to ship the plant.

I would have stuck verbally with the range.