Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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https://wise-owl.com/commentaries/emh-raises-14m-and-edges-closer-to-lithium-production/
Worth a read again , Like Thematica, Ellerston not here for short term, their Due dilligence im sure is better than most.
Firstly I never touted that I am the one that has the knowledge and knows everything. That has been you for the past few years. Weren't you the one last year that was screaming, saying as a fact that the offtake is imminent, around the corner about to be signed, upramping the Jesus out of this stock and insulting anyone else that was saying that there will be no offtake? You always claimed that you have direct communication with the CEO, no doubt about it, only that you have completely wrong at everything that you have said so far about offtakes, triple shifts, 100.000 tones of production and the list goes on and on. I have never claimed any kind of knowledge although I have been investigating in shares since 1989. Whatever I say is purely my opinion and never claimed is a fact. The opposite by reading your posts over the years you are the one that was stating everything as being a fact with substantiating it.
Geomet are running the show? Come again? If I am not mistaking, CEZ has three board members and EMH two. Clearly the ones who take the decisions here is the majority and not the minority. If CEZ says jump then everyone jumps. Is naive to say that CEZ has no idea what is happening in Geomet. Both EMH and CEZ own a part of Geomet. CEZ has the majority and they are the ones that take the decisions. If I am not wrong EMH has only been appointed by CEZ to manage the project and they are getting paid to do so. You don't have to be a Lawyer or a share market analyst to understand that. I think this is a fact that doesn't need to be substantiated. When CEZ says production in 2026 I believe what CEZ says as they are the majority and EMH can't do jack about it. EMH again can't sign any kind of offtake without CEZ 's approval as they hold the majority. This is another fact that doesn't need to be substantiated nor you have to be a lawyer or share market analyst to understand it. Even a cook can. I said last year that there will be no offtake when you were claiming the opposite and a year after there is no offtake. I said last year that there will be no DFS as per EMH 's timeline when you were claiming the opposite and we don't have a DFS, which most probably will come hopefully at the end of this year or start of next year. For someone like you that you have direct communication with the CEO and the company how is it possible that whatever you say fails to materialise and me that I have never exchanged an email with anyone to be correct? Mark my words. I said that I will buy more at 0.80 and I will. Last week we hit 0.91. When I said months ago that I will buy at 0.80 you said that I was talking garbage. Well let's see who has been talking garbage over the past few years. Have a good night. Did you vote for Scomo by the way?
Benchmark Mineral Intelligence: global battery gigafactory pipeline tops 300; China dominates
https://www.greencarcongress.com/2022/05/20220521-benchmark.html
No , I do not have a mining degree , but , nor do you tsibis , but I love the way you have upgraded your cook staus to Lawyer , share market analyst , etc . Having company information that is not public is not illegal , as owners of the company we actually have a right to this information , it is what you do with that knowedge that becomes illegal . Brokers have way more information than the majority of us shareholders , I do not see that being illegal . Yes , and I do think my legal knowledge is a touch better than yours . You come here and tout that you are the one and only who has any knowledge of a the stock market and B what is and does go on behind closed doors , both at CEZ , Geomet and EMH , but seriously you have no idea . You make guesses that you tout as fact and you have no facts to substantiate what you say . Whilst I am at it Geomet are running the show and not CEZ , there is a board in place that operate the company for the good of Geomet . Simple . Most at CEZ have no idea what goes on in Geomet .
CarpeDiem1, do you recall how long ago that price target was? Price of lithium has risen a lot in the past year, as you know, and any estimate based on 2021 prices is likely out of date by now.
Keith mentions in an interview he thinks £3 a share is a likely target, but I can't find the vid now. If anyone can remember or post a link that would be great. £3 a share, might not be enough for some folk who have waited a long time and put a lot of energy into this but it is probably a realistic level and one I would be happy to see.
Or are they trying to lower the price to their own advantage? Who can tell?
If one only ever criticises a stock, should they be hanging around the place, or are they doing it just for a bit of fun?
I don’t believe Tsibis has an agenda either.If you have followed him on hot copper over the years it’s clear he knows his stuff and is consistent.In fact one or two of his posts have proven to be uncannily accurate.He does shoot from the hip though and that catches a few of us off balance
tsibis , I for one don't believe you have an agenda. You are shot down for stating the facts . Facts that cannot penetrate rose tinted glasses . A £4 buyout , no chance , and I am not deramping this share .FFS you have to be realistic.
You should know by now that I have absolutely no agenda, I just say things the way they are, I am not living in Lala land and I am neither an optimist or pessimist. Somewhere in the middle and no wishful thinking. The biggest mistake that you can do in investing is to fall in love with a stock.It seams some people don't want or can't understand or still don't realise that CEZ has the 51% per cent. That's called a majority and that means that CEZ has the first and last word. And when CEZ talks about the timeline of the project that's what I am going to stick with and not the continuously failed one from EMH. CEZ will give the ok to any offtakes and not EMH. EMH it is just appointed by CEZ to manage the project until the DFS. After that we will see what happens with EMH. That's the reality of things. Of course you can dream of 4 pounds per share buyout as I dream of winning the lottery jackpot.....
On a serious note Keith has stated many times that he wants to go to production. If any serious offer is made it has to go for shareholder approval. Any info will be released at that point.
I think you are a skilled deramper with your own agenda. Time will tell.
By the way, Labor won the Australian elections. Buy buy Scott Morison.
If you perceive what you don't like to hear as deramping Colin then you live in Lala land.
I am a holder in EMH longer than you. Fingerss has no idea what was written in the agreement and no-one in here has. If anyone else is claiming differently that means inside information and it has legal implications for the CEO and the company. So I am pretty sure that Keith is not that naive it stupid to tell anyone, no matter how many shares he has what was written in the agreement. The agreement has not been made public. Secondly because someone has bought a large amount of shares and has exchanged a few emails with the CEO doesn't mean that he has any idea about the formula to calculate a possible buyout. Fpvone you are quite right. Thirdly we all remember Fingers saying last year that the offtake is around the corner, WV, Tesla , northvolt were lining up to sign. When I said last year that there will be no offtake and that the DFS is not going to be released as per timeline I was ridiculed. Well now a year later still no offtake has been signed and no DFS has been issued. And you can dream of a 4 pound per share buyout for the remaining 49% but can you remind me how much we've got for the 51%? Lol. By the way, Fingers has nothing to do with mining. Because I bought a large amount of shares in Airbus doesn't make me an aeronautical engineer. Cheers.
Hi Leftos, I am sure that Fingers has outlined the safeguards written in to the agreement with CEZ more than once. He sounds confident that any sales price will be in excess of my £4 per share target. I think the derampers are out and about this morning.
A watertight agreement Leftos that no-one has seen.
So you think CEZ will pay EMH close to 800mil pounds for the rest of the 49% of Geomet. Hmmmm, we will see.......As I said, there is no official formula to calculate the price, there is nowhere in the cez- EMH-CEZ agreement. Maybe your well informed contributors can tell us where did they find the formula or if it was implemented to another company and which one was that? As far as I am concerned the formula that circulated here is plain wishful thinking.
From memory I think you are correct Colin.
I remember the discussions and my mind being put at rest anyway.
Let’s face it if you are selling a controlling interest especially to a powerful setup like CEZ the first thing you would do would be to have your lawyers put a watertight agreement in place.
I am sure that a formula exists and has been referred to on a number of occasions by the more informed contributors on this bulletin board. The board members we have are far too experienced not to have dealt with this in their sales agreement. I think my £4 per share expectation is quite modest.
@Colin
So not a formula that was mentioned in the EMH-CEZ agreement. One that someone came up with and has been circulating it here according to his wishful thinking. That's why you are hoping for 4 pounds? As I said better look at other companies that were bought out in the mining sector and how was their valuation and sell price calculated because I couldn't find any formula in the agreement that we have with CEZ.
It was posted on this chat board by Fingers some 2 to 3 weeks ago. It has also been referred to on this board two or three months ago. Hope that helps.
Sorry Colin but where did you see that formula?
I would rather EMH was bought out than EMH sell the 49%, return a portion of the money to shareholders, then start the long running and expensive cycle of developing new assets.
My understanding is that shareholders' interests are protected by an agreement struck with CEZ when they became the majority shareholders. It contains a formula that requires the price to be based on a number of factors. (Fingers has explained how this is calculated on a number of occasions.)