Member Info for Laverda

The biggest risk is that the mine doesn't work or is not viable, all other detail is irrelevant.

The Idea that the government will not issue a transfer and therefore not receive income and not accumulate taxes is farce at best.

Complete tosh Badomen.

The government will not issue the transfer, and there is no need to, until the mine is fully commissioned and working.

The clock starts ticking for the government once that licence is transferred.

Asher, yes I totally agree with you. But the government will not issue that transfer until it is needed so they have a full 12 months to decide if they are going to buy in here or in another mine.

Imagine if they had transferred it in 2023, when the ship had to do a detour they would have had to make a decision before the mine plant was constructed never mind tested.

The government has a few buy in options, Barrick may be one. They may decide not to buy in here.

Remember once the licence is issued the government has only 12 months to decide if it will purchase additional an additional share.

Therefore the licence will not be issued until the mine operates properly.

Simple.

Look at the other mine horror shows still trying to be operational over 12 months further on.

Rotter, yes hopefully good we are at crunch point now, if this was on oil company there would be more jitters, not many hang around beyond hype.

Back to our conversation, a floor price in an offtake is worth an awful lot of money, it should not be underestimated.

Plus we get full upside if there are more crazy peaks.

Rotter, no question we have moved from a spot price offtake to an offtake with a floor price - guaranteed profitability.

The question is is that worth paying for?

Most people who were in this early would be a resounding yes, Bald Hill lithium mine closed because of the offtake and lithium dipped to 480 dollars per tonne.

So most of us would say a good use of money.

However all of the cash has never been fully allocated anyhow. Part of the cash was for the plant and part for drilling at no time has anyone described the total allocation of the cash.

Exactly Compo, I just couldn't be bothered.

The net assets in the accounts are what to look at, they are ever increasing and give a little idea of where the bottom is should something go wrong, depending upon what they are made up of 50% is not a bad rule of thumb. Since the market cap is not 1.5 times higher the potential fall is not bank breaking. However look at many other shares on AIM 20 times net assets and more.

With investors saying they are a good prospect!!!

Ivenoidea if you have evidence Bernard misled the market you should report it.

Remember originally we were hoping for 680 dollars per tonne.

Now we have a minimum guaranteed price of 750 dollars per tonne.

Spodumene is above 750 dollars. Feet back on the ground is suggested. This is better than all original forecasts and we are getting 65% payment at the docks, 15% more when on ship, final adjustments when it reaches Hainan Province.

Painless I think over 14 trucks per day when the mine is running correctly, without wet season and servicing adjustments.

You need Gonads to be invested at this point because it is make or break.

Many can't take it.

We aren't a working profitable efficient mine yet.

So close but not here yet.

WolfA, yes I agree with you.

The mass migration to Europe on multiple african borders is creating new criminal and terrorist organisations, plus nightmare border issues for the African countries and these groups then terrorise various countries.

Goita and the Burkina Faso and Niger alliance has had some success, but some rebels from the Mali/Niger border have apparently set up as new group on the Nigerian/Niger border and are giving Nigeria another headache. Everything is linked.

Plus of course the anti West terrorists have hideaways and funding to attack the West.

Onlyking lol, yes Malawi not Mali.

But it just demonstrates yet another African country updating their mining regulations as many others linked in here have also done.

Reported so dramatically with Mali.

The press will report this in a completely different way from the way they report Mali

https://m.miningweekly.com/article/malawi-temporarily-bans-all-mineral-exports-to-revamp-rules-2025-02-13

Poor Malawi they will be writing.

Ratboy the big winner for us,if we don't sell out (I think we may) is the ability to take two Goldfields to maiden value and potentially sell without dilution and all overheads covered by Bougouni and have accumulating income.

That is massive. Rather than the usual dilution and money woes.

Nielle should be completed in under 6 months.

Asllan great that predictive text at times, it used to change mine to Suzy Chin whoever that is.

Mannhole, the right type of ramping.

Ramping up production.

Mik, possibly again reading too much but I thought that the 18 months before making that decision (finance flotation), but switch drilling for the flotation plant from expanding the resource was also odd.

Putting two and two together and getting five, I wondered if a buy out had been hinted at, Bernard had a minimum figure in mind, due to lower lithium prices would not achieve that without a bigger resource upgrade, possibly 75m tonnes as an example and hitting that resource upgrade once the plant and mine is proven could be the new plan unless there is already one between now and licence/offtake issue providing the plant performs?

Yes Mik, I picked up the same, another comment that is 18 months time before we make that decision, also stuck out for me.

It is easy to read too much into what people say and do not say.