Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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GHIN , they will all be our customers , they will all need to to get as much lithium they can get their hands on . Every million cars for each manufacturer is 45,000 tonnes of Li , who else in Europe will have that sort of capacity .
I think it is a massive positive to have CEZ as our partner, 70% Gov owned gets you through all the permitting processes,( assuming you pass ther requirements of course) Having 100% renewable energy yto supply the operation too!.
I know its slow and painful to sit and watch but Keith has said he is wanting to get the right contrat not just any contract (s)and im sure CEZ with their 51% would agree, im sure but I have no knowledge of , That VW in some way will be getting some portion of the Lithium and Tesla also, CEZ themselves will want some and this to me pushes the doubling of production to more likely IMO of course, we wait on those Revised PFS numbers and any announcment of production numbers, I hate waiting just as much as anyone but been here a long time now since EMH listed on AIM not leaving yet.
Curious where CEZ got this boogeyman reputation from? Is it their 70% Czech gov ownership? It was my understanding that they were reputable in Europe and one of the largest energy providers.
Without their % project ownership, funding the project may have seen some share dilution to fund raise. Also, if we we're in the same boat with regards to off-takes like we are now (i.e. none), their non-involvement would've made this investment a lot riskier IMO as funding would look bleak.
The recent LCA stated a committment from CEZ to provide 100% renewables for the equipment which helps immensely with ESG.
I think I CEZ were looking to buy us out, then it would happen sooner rather than later and shareholder agreement protects us from a shoddy deal (allegedly).
Do I think they involvement is holding back offtake announcements? Yes, but I'm happy to sit on my hands and wait knowing the risk is reduced overall by their involvement.
Just my 2 pennies, but would like to here some material risk to this investment by caused their involvement besides reduced value due to 49% ownership.
I'm in agreement about CEZ, I believe its their involvement that's holding the share price back, we should be at £2 minimum now if it wasn't for their presence in the background......
I’m sure I read that these new converters in Europe are planning on using South American product for conversion. I also watched a group chat last week where Lithium Australia have realised that shipping spodumene to china at 6% li content is a foolish endeavour wrt carbon footprint and are now looking into converting it themselves and then shipping.
So as we can gather from these 2 examples, we as emh shareholders are not operating in a vacuum. Things are changing almost on a weekly basis and we all have to be mindful of this ever changing Li landscape. We need to execute our plans relatively quickly in order to gain some kind of foothold in Europe instead of pushing timelines further down the road. This also applies to CEZ, whom I’ve said for a long time I don’t entirely trust, to get the finger out……
Fingers, that just implies that Tesla is not our buyer. VW probably is.
An electric vehicle penny stock
TI Fluid Systems is a UK share I bought last year to latch onto the electric vehicle revolution. And I’m thinking of investing in European Metals Holdings (LSE: EMH), which operates the massive Cinovec lithium project in Czechia. Most plug-in hybrid and battery-powered cars contain lithium-ion batteries, meaning European Metals can expect sales of its product to soar.
I’m also a fan of this company because it’s located slap bang in the middle of Europe’s carbuilding belt, making it simpler to sell its product to major manufacturers. Pleasingly, sales of low-carbon vehicles are booming in Europe. According to ING Bank, new registrations leapt 41% in the five years to 2020, beating the US and its figure of 28% by a wide margin.
https://www.fool.co.uk/2021/12/05/3-of-the-best-penny-stocks-to-buy-today/