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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
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European Metals Holdings Share Chat (EMH)



Share Price: 21.50Bid: 21.00Ask: 22.00Change: -0.50 (-2.27%)Faller - Europe Met
Spread: 1.00Spread as %: 4.76%Open: 22.00High: 22.00Low: 21.50Yesterday’s Close: 22.00


Share Discussion for European Metals Holdings




View all EMH Messages

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earache
Posts: 2,347
Opinion:No Opinion
Price:22.50
RE: Tone Is Changing
23 May '19
Correct Dvsfm. Max NPV uplift. Logic based on higher tpa, grades, recovery and hydroxide price but tempered by dual carbonate end product and up to 30% higher capex.

As I understand it a mining permit cannot be issued until after EIA approval. There are probably other prior requirements but the biggest hurdles to get over, imo, are Babis and funding. Mining permit will not be issued to a company that cannot demonstrate the financial strength to develop the project, extract the resource and deliver it to market in a timely fashion.

I see no prospect of Babis stepping aside or relinquishing the populist vote catcher that he's turned Cinovec into so I'm hoping the EC help us over the Babis hurdle asap. Given a clear run to the finishing post I can only see one winner.
 
Dvsfm
Posts: 652
Opinion:No Opinion
Price:23.00
RE: Tone Is Changing
23 May '19
Lawrence , thats a big if currently , but you never know, we can only hope it arrives in near term , as thats what the market is waiting for IMO. Earache was referring to an uplift of 40% in the NPV, not share price as I believe you are referring
LawrenceH
Posts: 680
Opinion:No Opinion
Price:23.00
RE: Tone Is Changing
23 May '19
Earache, I couldn't agree more but if we get the Mining licence and the updated PFS simultaneously we could easily achieve 80p and where we go from there will be wholly dependent on forward planning. An updated PFS on its own will not produce anything as its worthless so I would disagree with your prediction of a 40% uplift on updated PFS. But like you I am happy to be proved wrong.

We will all know soon enough and I reiterate my stance that this is far bigger than one person ...... This will be an amazing EU project and funded to an extent by EU money, the benefits to CR, EBA, VW etc etc etc is IMMENSE & Beyond our wildest dreams.

Onwards and Upwards
antelope
Posts: 1,701
Opinion:No Opinion
Price:23.00
RE: Tone Is Changing
23 May '19
re Chinese steel. The EU wanted to impose a 60% import tariff on it in order to protect Europena (incl UK) steel industry, but the UK vetoed it (part of the US funded, ultra free market dogma that's driving brexit). The consequence of course is S****horpe. The EU, in many ways, will be better off without the UK.
earache
Posts: 2,347
Opinion:No Opinion
Price:23.00
RE: Tone Is Changing
23 May '19
Not sure what that has to do with this thread. SP of over 80p, silly ramping and speculative settlements is a joke without some positive commitment towards EMH from Czech Gov. The EU / EC may be able to indicate preferred actions but cannot dictate policy to individual member nations.

I'm not being negative Lawrence but no way is the updated PFS going to produce a four bagger on it's own. There's a number of sensible guys on here that would probably agree with that. If you want a figure to conjure with then may I suggest a max 40% uplift in NPV. Work out your own sp from there following a small ensuing cash raise and its associated dilution. Happy to be proved wrong, but there you go.

I agree with Iain re Diamo first admission but their second comment re money to burn is stupid. We are not GLEN or RIO or BHP. Neither are we Jiangzi or Shenhua or Zijin and all the others in between. Babis was asked by a reporter earlier this year about the repayment of exploration costs to EMH according to prevailing Czech law. His response was effectively 'Tough shit, it's a business risk so down to them. I'll pick up the leftovers for a song'. His predictable full broadsides into EMH following any positive news over the last 20 months has left us where we are today. He wishes us the worst for his own ends so goodness knows what he'll come up with following the new PFS. I can't imagine it will be a mining permit!

Havlicek is the fourth Minister of Trade and Industry, by my reckoning, since the MoU was signed - all of them appointed by Babis but all of whom have apparently failed in some way. I've lost count of the other Ministers he personally appointed and subsequently fired - well over half in 18 months I believe.

Who the hell would want to be a Minister in his (and Zeman's) Gov? Has Havlicek got a free rein? Will he stand up to Babis or share the same hymn sheet for the sake of his job and future pension? I honestly don't know.

Re Pilsen and now also British Steel - Having already abandoned ownership of its essential steel industries to foreign national and hedge fund hands, Europe can't now simply abandon steel production altogether and rely on Chinese imports of proven inferior quality without suffering the various disastrous consequences for the rest of the 21st Century and beyond. It may seem old hat but even in the face of new technologies, and just like oil and petrochemical products, we cannot live without our own steel products for a seriously long time yet. Has anyone got a replacement for the wheel?
LawrenceH
Posts: 680
Opinion:Strong Buy
Price:23.00
RE: Tone Is Changing
22 May '19
We Are Looking Very Good For A Rapid Re-Rate ??

80p or $1.47 Australian and that is just for starters.??

We can’t be far off achieving an acceptable deal for everyone, CR , VW, EBA and EMH. ??

Very Exciting Times Ahead??

Seriously  ...... In It To Win It ...... Snooze You Lose .....??
Iaintittle
Posts: 425
Opinion:No Opinion
Price:23.00
RE: Tone Is Changing
22 May '19
The subject..... Tone is changing.
Diamo were asked their opinion on Cinovec last year and came back with a report saying a/ We have no expertise in this. And b/ It is our opinion that selecting these mineral exploration companies is a lottery and they are best in private hands because they are funded by private cash and have the capacity to lose millions and it is not the job of the state to risk that.
The issue of the Pilsen steel mine is interesting. From a European perspective steel is an old industry, now dominated by China...... forget saving steel, invest in the battery supply chain instead, create new jobs in growing industry not save jobs in dying one ......the future is staring them in the face, and I think Havlicek knows that. Watch this space!
Sid_fiddler69
Posts: 3,403
Opinion:No Opinion
Price:23.00
RE: Tone Is Changing
22 May '19
well I read that link and it seems like Czechs dont want to get into having to bale out anyone if things go tits up! but what that means for us who knows , if a bank lends you money and it cant get it back you go bankrupt,after much trying to find a way to get that money of course.
the banks or funders we might have will be stuck with our debt . the borrowed money, not the state of CZ so more business interests from EU banks and other funders rather than CZ would be a safe option for them wouldnt it? plus a raising of the TAX royalty etc,they have no obligations ,we take the risk along with the banks etc they get the revenue from taxxes etc easy for them id say but the state is one thing Babis is another!
earache
Posts: 2,347
Opinion:No Opinion
Price:23.00
RE: Tone Is Changing
22 May '19
Reading through all Havlicek's tweets for May there is no mention of Cinovec or lithium or batteries or anything connected with BEV's. That may change after the PFS update but what will the tone be? Depends, I suppose, on what stance his boss Babis takes and how forcefully he reiterates his insistence that DIAMO must get involved.

Could this be a pointer? https://ct24.ceskatelevize.cz/domaci/2820914-prevzeti-pilsen-steel-statem-je-podle-havlicka-nerealne-jeji-budoucnost-bude-resit-s
Fingersxed
Posts: 2,354
Opinion:Strong Buy
Price:23.00
RE: Tone Is Changing
22 May '19
The Ostrava region deserves great attention. The downturn in coal and the impact of heavy industry must be counterbalanced by new firms' support and investment in infrastructure renewal. All this was a discussion with businessmen, mayors and others. on the occasion of the launch of the Smart Innovation Center Skeleton in Ostrava.

https://twitter.com/karelhavlicek_?lang=en

The tone has changed

Next i cinovec
Fingersxed
Posts: 2,354
Opinion:Strong Buy
Price:23.00
Tone Is Changing
22 May '19
VW Tone has been changing too .
Country for the future !!!!!!!!!!!!!!!!!!!!!!!!!!!

https://twitter.com/karelhavlicek_?lang=en




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