Member Info for Laverda

Painless -elcobble it is interesting that at March 2024 our net assets were 57m. Since then we have dug the mine confirmed the drilling data by exposing the veins and stockpiled 60,000 tonnes of ore, which would be an asset.

Once all equipment and plant is in site that would increase value a bit, obviously full blown production and payments for big asset increase.

Hope we don't run past March then we will have a figure on our accounts 2024/2025

I try not to encourage the likes of Badomen and co as we all know their game.

However he highlights the last inflexion point. If you were only investing until JV/BFS/DFS then you pick your share price between the announcement of the JV and transaction completed which as he pointed out in that example is a multi bagger.

Alternatively, you can take a chance and play where you think the peak is, sell and buy back cheaper, doesn't always work, next stop next inflexion point mine working properly and money rolling in, again pick your peak. Or stay aboard and so on.

Looking back at graphs is rubbish too, they don't tell you what the ask was and they don't tell you what your average sell would be on a decent block of shares.

I sold out and bought back on the previous to the announcement mix up and it took me ages to get back in and days afterwards, but the graph would make you think you could sell and buy straight back in cheaper.

This is why it is such a good interest.

Looks like their tax outstanding first installment has cleared, Resolute guys released:

https://www.msn.com/en-au/money/markets/resolute-mining-ceo-and-two-other-executives-safe-and-well-after-being-released-by-mali-government/ar-AA1uucys

George re calcs, the best thing to try and estimate is NAV then NAV per share for interest. The Floor price is needed so you could calculate minimum and estimated prices.

But if you look around on the net the calculations are anything but easy.

PS George also with sleepy Joe giving Ukraine permission and the UK also it seems giving permission, the situation in Israel, job cuts at Ford, doubt about the economy and doubt that the budget will raise the money they need it is not a happy investment atmosphere generally.

Top that with this being mining and Africa we may remain under NAV. The general atmosphere changes then we may trade closer to NAV.

The positive as we all know is the Inflexion points of the future, first plant paying, Nielle maiden and second plant paying all increase NAV the share price will follow.

Yes George we need more info.

Also for some I think they have forgotten some basics.

If a company had £1bn cash and nothing else, few people (although we know there are some) would argue the value of that company.

But where investors go wrong sometimes is forgetting common sense.

So if that company spent £500m on mining plant and some of it was built, some plant is lying in an African country, other parts are trundling up roads, some lying on a dockside compound, some in ships. Even though the company paid £500m it is not worth that anymore, it is worth much less. For obvious reasons.

Once that company in that example has a working profitable mine gone to plan the value then would exceed the half built position and the cash position.

There seems to be a notion that it should be an upward smooth graph, no business that I am aware of happens that way.

PS Market cap is the value that follows NAV. You trade above or below NAV.

The shares that collapse do not have NAV, often they are either built on dreams or some estimated figure which cannot be used as NAV.

Unfortunately most company accounts are a year behind, sometimes more and it is difficult to assess NAV especially in partial construction as we are.

Nettlesthecat, talking about market cap share price or anything you are just talking total rubbish. Guessing and ridiculous proclamations.

Market cap and share price are totally unimportant.

Investors who invested here years ago would either have a tap out share price in mind of their own, maybe a 300% or more and they will be long gone. Others will be investing to stages maybe explorer to jorc, they could be gone now or stayed on, explorer to bfs/joint venture and they will have made their money and gone too, others are staying to mine producer and payments coming in.

Quite simply we are not at that stage.

You are talking all that rubbish which belongs on over ramping shares with no substance underneath where traders happily take money off the gullible.

NAV is king as is income - value follows. Build on foundations not the likes of your hot air.

PS but in shares it is not the full project it is between inflexion points.

Go to an inflexion point and take your gains, if you decide to hang on to the following inflexion point so be it, you start again.

It isn't a ratcheting savings plan.

Mikb lol, the parts and cash are worth more than a part built car.

So it is that scenario you describe. Worth less half built.

Until complete you have not extracted the value or aim of the project.

Whitebuffalo, butting in on your George conversation, I think I typed this recently, I thought it was a conversation with you but maybe not.

As you can see I posted the legal firm's break down of the gain yesterday and previous, I always thought we would pay it -

because of that description.

However nobody would normally see this as it would be when funds change hands at the JV. It is only on show because the mining office was shut and only opened recently.

Unfortunately the law firm didn't specify where the payment came from - it could be adjusted from the JV payment - that may be the normal route.

The last inflexion point was the DFS/joint venture.

The next one is a complete and producing regular payment mine.

That is what we are waiting for.

It is a bit like a load of mates coming round and saying a mechanic friend can get a Ferrari in pieces, he is willing to build it if we put in a few k each for the parts and materials.

Once built it should be worth considerably more than we pay but there is no guarantee it will reach a high figure at auction and we may have to hang on to our share for a while.

Then having one of the group coming round every day multiple times as it is being built has anyone bought it yet and paid full price.

Mad.

I think with this it is best to stop and take a breath.

We were an explorer with a few patches if dirt and some dodgy drill results.

We are now weeks away from owning part of a working lithium mine, which will have a Net Asset Value north of 400m dollars when the cheques roll in

We have Nielle which probably will have a maiden value in under 12 months from starting to drill again including the wet season.

We have Fatou which is looking even better. Two Goldfields and a share of a working lithium mine and you are sweating over 7.5m dollars?

Give yourself a shake.

Whitebuffalo, yes that is all that matters.

It is just a bit of time filling in between RNS.

I am happy with them making the first payment because I thought we had to pay it all.

It is not all bad though I am convinced that this gain then revalues the new base price at the level of the BFS, which would be around 200m dollars. Unfortunately I can't find that - I looked at this either when the new 2019 code came out or in 2022, can't remember which.

I think this is quite clear in CGT as it doesn't have to be shares:

Broader capital gains tax: the capital gains tax continues to apply to the gains generated by a direct transfer of a mining title and is further extended to an indirect transfer of such mining title, as well as to the direct and indirect transfer of shares in the capital of a titleholder. Note that capital gain tax would apply to any direct or indirect transfer of shares, irrespective of whether a change of control has occurred. Capital gains will be taxed in accordance with the provisions of the General Tax Code.

Sorry that was to Dazguard.

Plus we are in that lull, we may get the offtake RNS, a few weeks before some plant news, not much happening.

The only thing which could rock it all is if few wealthy personal buyers jump in together.

Biden and his long range missile permissions - not great.

And of course Resolute - personally though I would do that here, if you owe tax pay it.

We might surf the next peak with no cap.

Can't believe we don't have a cap, maybe Mali government won't accept them?

Painless also remember what Bernard said, 18 months is a long time in mining, we get a floor price in the offtake that ratchets up our NAV.

I think he is expecting lithium to go up too so he has been superb at predicting things against almost every other source I won't disagree with him.

When the mine is built and the payments are rolling in they will all have to go off and find a new host to troll.

All those years of claiming it is finished the next day, week or year and here we are seven years later still progressing.