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Thats the way with the city, rather like going into the parts department of a car dealership for something expensive and saying to the parts guy - "its a trade sale mate" to get your immediate 40% off ! Same with placings and II's -- trade prices not available to the public !
Malik - I utterly agree with you here. Once a company gets to more than a certain MCAP AIM is damaging to the stock. In the case of BCN as a separate topic, yes their placing was quite strategically designed to drop the SP so that Ganfeng could come in with an offer that was a significant premium to a manipulated-down share price. The BoD of BCN in minea and many others opinion where colluding with Ganfeng on this and I dont think we will ever find out what they were getting out of it other than continued employment perhaps !?
Sorry another Converter said 74p even better;-)
Not best time for placing? I suppose each to their own I'm just glad to see some II's coming in about 73p nice discount but they're on board.
Then again I'm here until the end whatever that may be:-)
Absolutely spot on Malik. This is the biggest and most corrupt casino in the world.
Not best timing to have placing when share price moving up .
As always reaction completely muted on Aim. Company should delist from this crappy exchange. Can’t help but think of Bacanora and what Ganfeng was able to get away with thanks to being listed here…
Aim is the worst market I know of for anything worth more than £15m mcap. It lacks capital.
I mean look at stocks on ASX that are effectively Li exploration plays with
market caps not too far away from EMH - which has a monstrous resource and only utilises 10% of that in its PFS…Just have a look at Arizona Lithium for example - or Green Technology metals for that matter which is super early stage. The valuation differential is ludicrous.
EMH stock revival will be of course led by ASX listing.
At 8% NPV valuation on spot commodity prices, the rise is just getting started. BUY
Fully agree Malik, a very conservative NPV has been given in that report.
All looking very good here now, it's just a matter of time.
GLA
Oh and CEZ CEO thankfully remains in his post (which was another area of uncertainty to the market last year).
Clouds are dissipating, and blue sky ahead.
Stock has been a massive sector laggard. I expect a big catch up trade here.
Stock been hit throughout H2 last year by Czech elections and related uncertainties and implications.
But I am not finding anything in local press that suggests any negative implications to the country’s battery mining and downstream plans at all.
On the contrary… the coalition is 1) pro EU and 2) we have seen that the European Bank for Reconstruction and Development EBRD, an EU institution literally just a few days ago take a stake in EuroManganese - a Czech Manganese project (asx/tax listed). Note that such institution typically take a year of due diligence to make a move. Well they made a move now that elections are out of way. This bodes very well for us.
Moreover I would highlight that contrary to Babis’ party, the new Prime Minister is pro privatisations, generally.
Hugely positive Updated PFS.
?key to note is that BOTH reported NPV and IRR are assuming commodity process WELL BELOW market. Hydroxide at $17k (now near 40k). Tin $24k vs spot at $42.5k (!). capex and opex are higher than 2019 pfs BUT updated much higher IRR take those into account for a juicy 36% post tax (again on those much lower than spot commodity assumptions).
?By my calculations if you adjust both of these commodity price inputs for spot you get to >USD 4bn NPV and IRR probably close to 50%. This means the stock is valued currently at CHEAP c8% of NPV!
?and this assumes ONLY 10% of total resource is utilised.
?This can SKY ROCKET