Member Info for Laverda

Fair enough Muppet guru.

There are some horrendous boards out there, FUM in the past absolutely dire crazy market cap it reached, NNN - gone now, SEED and others, often not even aligned to what the company is saying themselves.

This one is a breath of fresh air.

Still moving from explorer to producer, Africa, AIM etc etc, but so well managed and so controlled on cash an example to many AIM companies.

It is going to be a long few weeks. However we can't look away for a moment as it could be one of those fluke plant settings that just speed through the stages. Much more exciting if we were on site each day.

If you are a normal person with a busy life especially if working then it is difficult in the limited time and space on here available to write accurately and clearly

We knew what you meant potatohead.

In the boredom and angst over the weeks as it ramps up there will be more spats.

Derampers and trolls live for these waiting periods.

Jolly - I don't see any issue.

Unless you have to sell today.

Lorcun if there is a buy out that is totally immaterial.

If the plant doesn't operate within the upper range - that is immaterial.

To sell between production and Nielle maiden is risky, Nielle could be valued higher than some expect. - so it is immaterial again.

Then to sell before the tonnage upgrade - sc is also immaterial.

If the share price rocketed early, then that happens and clearly if it did, sc was no influence.

So unless someone needs their money out now I don't understand the obsession with it.

If the plant is 6 Days late on hitting full output you guys have a month more of this!

I don't think you will make it. Lol.

Try and chill and all we need is the quality and output from the plant, at the moment nothing else is important.

Trouble is a video of a conveyor with 2cm more product every few days is not a dramatic update, unlike during the plant construction where noticeable differences were clear.

No bad RNS and no concerns, all sounds good.

It appears a Mali goldmine already producing 170,000 ounces per year, with potential to achieve 200 - 230,000 ounces per year is valued around 700m dollars, 50% of one has just been sold.

Obviously Nielle would go to maiden, which is well behind this stage but is an indicator depending upon potential ounces of the ultimate value.

New - news should have said

Yes Onlyking - new re Ukraine.

The plant can only be notched up in speed at sensible increments and will take the time it takes.

It cost 10s of millions of dollars and they will not be reckless with it.

Some plant can have 20 increments, I don't know about that one, 20 increments would equal 20 days if 24 hour running allowing no time for adjustments, so we have to be patient re the plant. Such a good start, incredible.

It has not produced within the upper limits of the plant yet and the plans going forward from there have not been unveiled.

Plus we have a potential WW3 situation in the background.

Painless I considered selling everything and buying back in lower to gain a larger holding, had I been able to sell everything at the price on this screen at the time (unlikely) I still could not have bought back in today at the target repurchase price due to that spread, the ask is too high.

So anyone who did, hats off to them very brave.

Agree with you for once Fooca.

I don't think comparisons with higher priced lithium producing entities is worth looking at.

I am wondering what premium and sweeteners comparative low cost producing mines will get for their offtakes or buyout offers.

To be 200-400 dollars higher cost in production is an enormous figure extra to pay, processing then on to manufacturing. However 20-30 dollars per tonne is a huge payment if a sweetener to us.

I am trying to find low cost mines coming to the end of their offtake agreement.

However Potato, if we are cheaper and profitable we would attract a better offtake agreement. If you think of us as 160 dollars, probably more than that, cheaper, to secure an offtake from a more sustainable (able to weather price drops) how much would you have to pay upfront? 30 dollars or more before would be laughed at in the past, but now?

It will be interesting if an offtake or potential buy out occurs with another mine which can produce at a similar price as us.

Cake - yes and it can handle a 60,000 tonne stockpile of Spodumene which they want filling asap.

Loads going on:

https://m.miningweekly.com/article/rio-tinto-buyout-target-arcadium-lithium-posts-loss-on-falling-lithium-prices-2025-02-28

Taking the best bits, dumping the others.

They cover many of the subjects in this article, but don't cover any offtakes coming up for renewal or offtakes which are not binding. Nor do they cover types of lithium production which may have to be mothballed or shelved altogether. Manufacturers will not keep overpaying for product and producers can't run at losses.

https://www.fastmarkets.com/insights/facing-the-tightening-lithium-supply-challenge-in-2025/

PS you start thinking 5-10 dollars upfront is a fortune to us, but nothing to the manufacturer to ensure a low cost sustainable product.

Yes Elcobble, I am looking around to see what is going on with other offtakes.

I reckon where we would win is buyout or second offtake deal.

Obviously better than that is back to silly lithium prices, but I can't see that happening over a sustained period, the processors and manufacturers would be struggling in those markets.

Worth reading around and seeing what is going on elsewhere during the plant optimisation.

Any links please post on here.

Mann apart from 28 days I think so too.

Hugely exciting times.

But my mind is on the differences between low cost operations.

We produce at $647 per tonne.

If someone bought us out, just for ease of maths, not realistic, at $500m on the expected 50m tonnes that would be 10 dollars per tonne, plus interest for payment upfront so say 15 dollars per tonne.

So that would be 647 dollars plus 15 dollars, they would be paying 662 dollars per tonne. That is very cheap compared to many current ongoing offtakes.

Many of the current offtakes are up around 800 dollars to around 1100 dollars per tonne.

I don't know how many offtakes are due for renewal, but being just 100 dollars per tonne above us is a massive additional cost on every 50m tonnes.

I don't know why any company connected to production who requires product would wait until we are second flotation and possibly 100 million tonnes before buying us out.

They are going to be either clambering for our second offtake or wanting to buy us out.

The people making lithium products don't want problems with their supplies and also can't pay 100s of dollars more per tonne than their competition.

Does this not make us more valuable?

Asher 50% is around 170 tonnes per day.

Hard to know how much it has stopped and when running how much faster it is producing.

I don't know if they will ship a decent sample off before the first shipment or not.

Elcobble yes, and then we can get on finishing Nielle to maiden and if selling, get that cash in.

Then there is the flotation offtake, normally agreed beforehand, a cash lump sum? A lot of companies are going to want a low cost supply.