The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Well that effort was most concerning. No real news. No nothing.
Screams BCN. I knew it. 5p exit.
Well, looking at the positive we know there will be an update about the DFS in about 3 weeks.
And an offtake could be signed before the DFS.
Not that it would, but it could. I thought a DFS had to come first, so it pleased me to hear that.
He talked much and delivered less looks like he's dithering from post to post more delays.
One emoji.for me to describe the interview is .
😐
Morning - amazing interview so far, I'm half way in before the school run starts
The new site is big enough for a Gigafactory to be on it also — the new site is about increasing production
JTF update and nearterm deadlines - one at then of May, End of June and the Final at the End of July
First offtake partner announcment prior to the release of the DFS
Working also with a French bank
Il listen more when I get back but for it all sounds on, especially with the CMRA and nothings priced in
Reiterated support from the EBRD, the European investment bank, a French back and Australian associates for FID after DFS
Offtake to have pre payment contribution to FID
Excellent Interview - sleeping giants waking up soon
For your pleasure:
https://youtu.be/t1bXWezy2cI
sure that comments from investors will follow
JTF discussion was due yesterday with the RSK, it's been kicked to 03-06-24.
https://www-rskuk-cz.translate.goog/47_rsk/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp
"The last meeting of the RSK ÚK regarding the discussion and issuance of an opinion on the strategic projects of the Just Transformation Operational Program is on the agenda for June 3, 2024. The members of the RSK ÚK are awaiting a discussion on the strategic projects Lithium mining at Cínovec and H2Triangle."
Updated progress chart here, page 6.
https://www.rskuk.cz/wp-content/uploads/4_MZP_RSK-ULK_OPST_20240515.pdf
I am no fortune teller Rockandroll, but if I talk only of the next 6 weeks and Grant news arrives, I would be shocked if the SP is less than 40p.
I gather that:
Tesla are no chance.
BMW are no chance.
Mercedes are no chance.
Samsung are out.
LG are out.
Anyway … Chinese sourced Li will always be irresistiblly cheap.
Nope - I firmly believe they’ll BCN EMH before much more happens.
Zero chance on earth Tesla will build another giga yet in EU, especially Czech.
Giga Berlin can handle everything.
We had the Tesla rumour years ago would be nice it with them being in Germany unlikely
Why are there no share prices on the other stock exchanges?
Https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
Iv been looking into who it could be - and it actually could be Tesla
https://www.autocar.co.uk/car-news/new-cars/uk-tesla-gigafactory#:~:text=The%20UK%20could%20still%20get,towards%20the%20end%20of%202023%E2%80%9D.
Another worry for Tesla may also still be Brexit. As it stands, the automotive industry remains concerned about new 'rules of origin' tariffs coming in from 1 January 2024 on UK-EU car makers who cannot source most of their EV battery materials from within Europe.
When all this could happen is unknown, but given Musk’s comments earlier this year, one could presume an announcement is imminent.
The UK could still get a Tesla gigafactory after CEO Elon Musk revealed that the company would be picking a location for a new European plant “towards the end of 2023
Tesla's new European Gigafactory site not announced while the Czech Government was advanced with 2 of the 5 parties in November and recieved the 8bn bid in March - Cinovec can help with securing raw materials within the EU for the 2 German factories - They also have a Czech Telsa Centre a 1hr3m drive from our new site and a 23minute drive from Dukla.
How expensive is a Gigafactory to build? Tesla's Gigafactory planned in Mexico would cost $10 billion, making it the most expensive Gigafactory yet. For comparison, the Berlin Gigafactory — the second most expensive facility — cost around $5.5 billion, according to Reuter
8bn is a massive number - not many Gigafactorys have costed That much - the 2 most expensive in the world so far have been 5.6bn and 9.6bn both Telsa.
https://www.businessinsider.com/tesla-gigafactory
https://youtu.be/b4zUWc3YCG4?si=V2hAHPKA-gn--YZo
Huge protests happening since March at the from Cinovec - we now have local acceptance with a plan in place for coal jobs to swap to clean jobs in the country.
8bn gigafactory bid from a currently unknown investor. It's Possible but not Necessary. Cinovecs involvement in any Czech Gigafactory is a big deal. Between Cinovec and a Gigafactory factory in would replace 10,000s of jobs that would otherwise be lost in the phase out from coal.
The Czech government is doing everything possible to launch lithium mining in the Krušné hory (Ore Mountains), PM Petr Fiala said during the cabinet's visit to the Ústí nad Labem Region on Wednesday. Fiala added that cooperation between the investor and the regional government was essential.
Fiala sees the mining of lithium, which is used to produce car batteries, as a strategic raw material and essential for the restart of Czechia. According to Industry and Trade Minister Jozef Síkela, negotiations with three investors to build a car battery factory in the Czech Republic are at an advanced stage.
https://www.expats.cz/czech-news/article/czech-government-mulls-lithium-mining-in-usti-region
All the ducks are currently lined up for EMH to s
no permitting?
no funding?
no inking?
no dfs?
no offtakes?
just wise/colin and a couple of new rampers saying the same old ****.
bcn. pennies imo.
The Czech government is doing everything possible to launch lithium mining in the Krušné hory (Ore Mountains), PM Petr Fiala said during the cabinet's visit to the Ústí nad Labem Region on Wednesday. Fiala added that cooperation between the investor and the regional government was essential.
Fiala sees the mining of lithium, which is used to produce car batteries, as a strategic raw material and essential for the restart of Czechia. According to Industry and Trade Minister Jozef Síkela, negotiations with three investors to build a car battery factory in the Czech Republic are at an advanced stage.
This was from November before the 8bn big in March - coincidentally the exact same time Telsas Berlin protests broke out
Telsa were due to announce the location of the new additional European Gigafactory at the end of the 2023 and are still yet to do so.
Cinovecs involvement in any 8bn Czech Gigafactory is huge - futher details can come at anytime
The recording of the Raw materials summit from earlier today
https://www.youtube.com/live/KAlSj_xOBnI?si=2BJbcJ6Mk8IeubKF
https://twitter.com/MarosSefcovic/status/1790714700814041475?t=RvIGDrYMV4fDHbGv1SwCSw&s=19
Critical raw materials act starts on May 23rd
https://www.euronews.com/green/2024/05/09/critical-raw-materials-lithium
https://www.linkedin.com/posts/european-investment-bank_eibventuredebt-bluechampions-venturedebt-activity-7196076871883583493-xdKy?utm_source=share&utm_medium=member_android
It won't let me send the file but if you search - (CMRA opportunity - challenged viability and next steps) for lithium mining they only have 5 assets on the map - Cinovec is one - and 10 for processing were Cinovec is also included - the only one that covers both.
Research is king while still under the European Bank 42.3 price and with the Just Transition funds grant on the way - especially when all useful info shared gets intentionally covered up
I personally feel so peaceful with my investment here going forward knowing the Asset Cinovec Is what we're invested in knowing the fuse is lit on multiple big catalysts that only get closer everyday - listen to the Raw materials summit from today - EU World class standard mining is coming - the US has moved incredibly fast since the IRA and CMRA is the EU's equivalent. You can move gigafactorys but you can't move mineral deposits - and Cinovec is by far the largest lithium deposit in Europe looking to produce Major numbers - especially compared to the current cap. Grant, offtake and DFS completetion can all rerate the share price and then Cinovec is at FID. Full local acceptance was a subtle but major green light.
Jan Losenický, Mayor of Kadaň, added: "We welcome the plan of ČEZ and Geomet to build a lithium plant in Prunéřov. People from our town who currently work in coal-fired power plants or mines, but which will be gradually downsized and closed, could find employment in the processing plant. The investor has promised to invest in the training and retraining of current employees so that they can be employed in the new sophisticated plant. We are glad that ČEZ will not leave the region with the end of coal but will remain one of the largest investors and employers in the region, also thanks to the lithium park project.
All ducks are lined up for EMH to succeed - I shared lots of details yesterday about who the 8bn gigafactory bid could be from
Night all - Atb
He had said May in a pretty recent presentation however the slide he was talking to stated Q2.
Either way it seems to be close.
KC gives that timeline in the latest imterview
Not sure about that Greenmachine67.
I heard the money will be available in May.
The grant will be due no earlier than the end of july
Well it depends on what you mean by a "healthy profit" Limark.
Because the grant is due this month,and from what I've read many expect it to re-rate. So, depending on your price is retirement could be nearer than you think.
@gossipy fishwife85. It's because he cares, Keep chuckling. lol. If people had listened to him and the bot, just think how much they would have lost as this rose from 13.5!
Https://www.mining.com/crma-rare-earth-elements-a-potential-blindspot-for-eu-policymakers-and-industry-report/#:~:text=%E2%80%9CThe%20outlook%20for%20rare%20earths,industry%2C%E2%80%9D%20the%20firm%20notes.
Sharealot, Les Dawson dressed up as the gossipy fishwife hanging over her fence springs to mind every time you bring it up 😂😂
Critical thinking? With a comment like that I'd start with the basics mate.