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Yup all of those connections for a measles 18p…
Czech has 3% of the worlds lithium and almost all of it is at Cinovec. Superb.
Is there a deadline for the ebrd announcement ?
According to Deutsche Welle, citing an analysis from the Czech Chamber of Commerce, lithium could be a game-changer for the Czech Republic, which might face economic stagnation in the following years as a result of exhausting all sources of growth.
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.lse.co.uk/rns/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
Government support is a huge thing in these markets - also being funded to the FID by a 18bn major whos 70% owned by the government. We have the European investments banks support - being involed with this Gigafactory, becoming 1 of the 17 strategic projects for the EU, receiving the 49million grant are all major catalysts in the short term, the first two in April - DFS and Offtake follows.
Have a good day all - dyor
Mr Skelly - not case as you are well aware.
People may just want to read Mr WiseInvestor summary for themself (post 21:03), check links & info credibility with RNS Newsflow expectationd - and then make OWN investment decision.
I think this is most fair & treat investors as sensible people capable of this. Better then your 'SP going to 5p rubbissh' Yiu have been tying to convince all of.
Sorry to upset your trading - sensible investors will do what they want.
Keep Discussion to Investment talk only now please! 🦉
Header say ALL and fortunate to get in at this stage as Incoming NEWSFLOW starts to push Price Momentum.
Thank you for great Summary Mr WiseInvestor - post 21:03.
Interesting point about 49M Euro grant & will look for official RNS communication to Market - sound like Grant cleared for recipient at decision level & need to be cleared thru processing stage which we can expect RNS for.
Lots of RNSs due in the coming Days!
🦉
Share price in America/Australia lagging slightly in Germany which is unusual as aim usually lags due to being a wild west show.
Still think we should list just Australia.
Final thought - most of my recent posts have been pointing out wise misinformation with links to interviews with the CEO of EMH or RNS from EMH. DYOR
Listen to Wise Investor, and remember what you hold.
The time is coming, touch paper is burning
“Indicated Mineral Resource of 360.2Mt at 0.44% Li2O and an Inferred Mineral Resource of 294.7Mt at 0.39% Li2O containing a combined 7.39 million tonnes Lithium Carbonate Equivalent (refer to the Company's ASX/AIM release dated 13 October 2021) (Resource Upgrade at Cinovec Lithium Project).
An initial Probable Ore Reserve of 34.5Mt at 0.65% Li2O reported 4 July 2017 (Cinovec Maiden Ore Reserve - Further Information) has been declared to cover the first 20 years mining at an output of 22,500tpa of lithium carbonate (refer to the Company's ASX/AIM release dated 11 July 2018) (Cinovec Production Modelled to Increase to 22,500tpa of Lithium Carbonate).
This makes Cinovec the largest hard rock lithium deposit in Europe and the fifth largest non-brine deposit in the world.”
Thank you for these information, Wiseinvestor. I and my group are investing tomorrow morning. Hopefully be able to buy under 20s.
Great post Wise!
I hope we see some traction in the sp on the run up to possible funding via grants.
The sp rallied quite hard before it was announced ERBD would enter the Frey with their 43p in the £ package last year.
Good links and a telling story
Evening all, good day and just the start.
A quick summary
EMH is Largest lithium deposit in Europe - the 5 largest non brine in the world, also a globally significant tin resource
In the coming weeks the EU will announce 17 strategic projects to help the EUs self suffiency with critical raw meterials under the new CRMA - it looks like EMH will be selected
https://www.engineeringnews.co.za/print-version/european-metals-flags-potential-improvements-in-delayed-dfs-2024-03-27
"As Europe's largest hard-rock lithium mining and processing project, the Cinovec project is applying for and is expected to receive strategic project designation under the CRMA.
The project has already been granted strategic process status under the EU's Just Transition Fund."
Fully funded To FID by 17bn partner CEZ ( who's the 70% government owned state power company )
49mil Grant coming in may ( more than the mcap) https://youtu.be/3Tl6Q4-5EOo?si=YW91Dtx6qAlOvPuU
I found 2 interviews where he actually says I think by accident that they have received the 49mil grant - this one and this one - https://youtu.be/QeLlbp1vzI8?si=CBcLhkYE9bJvGHP7
3.33 in the first 4.54 in the second
In the one from last week he said we have been pre approved and the money should become avaliable to them in May.
DFS and Offtake to follow - today's news was one of the final parts of the DFS and offtake and DFS are expected to come to fruition together.
With announcment stage at the end of April to do with the above, some upgrades and possibly a connection to a new 8bn gigafactory in country
https://english.radio.cz/government-discloses-plans-ev-battery-gigafactory-karvina-8810603
https://www.lse.co.uk/rns/EMH/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html
The European investment bank purchase 6million at 0.423 and will be a big part of the FID later this year. Current 3x less for delays
Currently a circa 2bn Npv not including the Tin - 30,000 Tpa to upgraded to 60,000 which for anyone who knows is major numbers.
IMHO opinion based on the above, I see EMH as an actual safe smart investment op that's should never have been down here in the first place. Government backed, major backed and 6million invested but the European investment back at 42.3 after 9 months of DD, they will also be part of the FID that follows DFS and Offtake - A world class asset like that would never be left in ground - it either does get left in the ground, or it comes online and it's 6 - 12 month 5 - 10 bagger, 12 - 24 month 10 nagger+ unloved gem about to come good - company making Q2. Dyor and Atb
---
Final though - Skelly and Mr cautions and been an eroding force on BB across multiple different markets - they knowing lie and spread FUD consistently. When I know it's lies, I report false and misleading information and what it's rude, I report disruptive abusive.
One post… at least make it one worth reading lolo
No, you’re not right
Today's RNS seems to have similar content to those posted in April 2019. Am I right in thinking that we have not moved on much in the last five years ?
Will you be tapping at 50p then Mr C?
See what happens tomorrow, but it does feel like we've turned some sort of corner here
Well this has had the bullocks traded out of it today but ended well - but no champagne till at least 50p really...
Wow, this mornings 8am buy, has held and is in profit, never normally works out buying in first 30 minutes especially on news.
Will need to read months of posts here, to see what’s what. Made decision this morning with no research other than RNS, chart price history and Directors last buys.
phew 😮💨
Lot - you should direct that question to yourself....
@Skelly you alaways resort so some kind of sexual act, when insulting people! What is wrong with you?
The endorsement from EBRD as below shows what they believe to be FV or probably slightly less given they stumped up cash. Its quite laughable to be sitting at 17-18p...
The investment is to be implemented by way of a private placement of 12,315,213 shares of the Company to be issued to EBRD at a price of £0.423 per share (the "Placement").
Pleasant board here. No need for abuse, join together and support Keith in delivering the goods.
Further NEWSFLOW - header say All!
Mr Skelly - Abuse is not my way and I prefer focus on INVESTMENT. As I say I already am successful investor and chit chat is pointless sir.
You mention Charts so maybe you can see how Resistance has been smashed thru. We see next Resistance on Weekly timeframe is 30p.
With Newsflow due & momentum / interest expected to build an sure this will be reached.
If people really want to see level if RESEARCH and UNDESTANDING of this stock / research base news expectations they only have to see our discussions over last few days.
Buy hold or sell fine but if you think conversation about CEOs reproductive fluids is research then it is obvious why you have been caught unaware here.
Use time wisely & not just bragging on your previous investment here 🦉
Everyone who averages down & played this when it was 30% + today had a great day.
Swing be the last positive news pre DFS / end of April so some could do very well here