Member Info for Laverda

100notout, but you invested? Really? Why?

Roger, we have seen incorrect statements before, quite a few.

Bean counting, I agree, I was pleasantly surprised when the new percentage was not from our part, showing there was no error.

The charge is a peculiar situation. See what comes out in the wash - but if they have paperwork...

PS on reflection it was a bad idea calling the other company Kodal Mining UK.

Glass, it appears so according to Bernard both with the government and written interactions with Hainan.

Hopefully it is a typo. Bear in mind it will be written in Chinese too.

Roger but you are invested as are 200not out?

So why invest if you think that way?

100notout that one is but you were unaware of it.

100notout, nobody mentions deramper, that is for the other sites trading on dead ducks.

I don't see anything at all which is a surprise. The second plant was never funded in the JV. Nobody said it was.

Shares run on sentiment not fact. With the World and the British economy with this budget looking potentially rocky for mortgage holders in particular, I can't see a great confidence in investment.

Africa always has dissenting posts no matter how advanced their industry is.

I can't see anything whatsoever as a surprise and am baffled by anyone who raises things already in black and white.

Bernard only raised the Spodumene price in our forecasts because we were a fifth of the actual price, so most of us are working on Spodumene around 900 dollars.

These boards have spoken about everything from war, ECOWAS, other African changes to mining licences all sorts, I can't think of anything not discussed that now could be a surprise.

Hard to fathom a couple of reactions - more like toys out of the pram.

PS 100notout, in the last video they mentioned a q&a, you can ask him.

Dear me 100notout, your panic moves from one area onto another on a weekly basis, but all factors existed before.

Kodal moved to the ultimate account system which includes everything down to accountancy fees and paper clips. You will not see more accurate costings than these, it is acknowledged as the highest system in the industry, the downside is they project higher costs than less accurate systems on a similar mine scenario.

The negotiation with Hainan on a floor price, been in discussions since September, if not before, make sense of this high standard of accounting.

They are after a floor price to cover every cost (Sept presentation).

Your next worry must already be here, what is it?

Whitebuffalo, not sure if it was in the 2019 or 2012 code the type of share that the government owns has preferential treatment. I don't know how that would impact your thought process.

Honestly those mining codes will blow your brain as you drill down into each piece.

Agree Andy - on a multi bagger potential AIM share I won't sweat about an additional 7% moving out of my portion between a 2023 and 2019 mining code.

Looks more like an arithmetic error on the 2019 code (exclude Fooca as he recognised his error and is not invested here).

We just need to let them complete the plant and test all of the components of which there are many. Hopefully any faulty parts have replacements on site.

The floor price in an offtake would be nice.

Now the MOU is signed and government share valued we may get a resource upgrade soon too.

An upgrade would blow that additional 7% into the weeds.

Once that plant is constructed, tested and working then we have those percentages of a mine.

Until then it is a massive partly built Meccano set.

Seems like Mali has an option in their mining codes, firms with existing licences can apply to move onto the new code but retain tax incentives within 12 months of the release of the new code.

Paul I do it often, write something thinking it made perfect sense, read it later and would love to alter it but there is no option.

Not sure about the math on that part As HNM have a 15% share of KOD that leaves KODs remaining shareholders 28.1775% of the aforementioned potential profits.

They own shares alongside us if the value goes up they get the same percentage capital gain on each share that we get. If it bombed completely they would have the same capital loss per share as us.

Agree Paul, if spodumene shot up and they were awash with cash, they may buy back shares rather than a dividend, that is the AIM way.

The share price is bad?

What is the extent of the resource?

If you don't know what you have how can you know?

We don't have a mine yet - so we won't get a share price based on a mine - these parts as I keep saying aren't rocket science.

A half built house is worth less than the bare land and the cash in the bank to build it. Once built - different matter because the asset is a house. Worth the value of the house.

Elcobble and understandable on the code change, I think Bernard will straighten that out.

The 2012 and 2019 codes are very complicated, material classifications moved too. I think it will all be to remove risk from the flotation plant construction and the phased element- but we will see.

BFD, if you step back and look at comments you can see why.

Apart from those who want to influence or think they can influence share value for their own benefit look at the rest.

The 2019 mining code changes came in during Kodals time you simply look at it and ask yourself do you want still to be in.

The 2023 code arrives, you look at your purchase price, the market cap and work out if you want to be in, it is not rocket science.

A small few seem to only read or discuss their own share and their own communications - then everything appears to be a shock or surprise to them.

Wider Africa has so much internet material on how countries have terrorism and criminals controlling small sections of borders running ore all over the place from small illegal operations. So they are working together tightening their rules together as well as individual countries tightening up to be in more control of their mining rather than foreign owned companies controlling their government revenue.

If you look to the UK you could not get permission for an oil well then just sit on that permission forever as a growing asset. You could not get a licence to mine or drill for one amount and then pull out double or treble, you could not start running hundreds of lorries from one site to another to avoid tax, the list goes on.

This in my opinion is the best explorer to miner on AIM. Those who see anything unexpected in mining codes really should look at themselves and their ability to research their investments.

No matter where you go everything will be a surprise, shock and everyone will appear out to get you.