Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Opinion of some placing not needed yet ,Placings often see substantial drop with share price.
I continue to tweet on the same theme but with China in mind on this occasion :
"If battery related EU OEMs #Lithium do not get to secure the [e.g.
@CzechLithium
] supply chain soon the Chinese will take an enormous slice & that will be the death knell for
@Europarl_EN @coe @EUCouncilPress and future technologies/political control."
For VW to have a chance of catching, or, even competing with Tesla, they will be encouraging CEZ to get the gigafactory online asap. Nothing gets finally planned until the DFS however, but, Tesla is dominating a lot of markets right now and the major car companies need to really start getting a move on for their market share.
It's going to be very interesting to see it all unfold over the next few years. Giga Berlin isn't far away from completion, then Tesla is smack bang in the middle of their vehicle producing heartland!
GLA
Finally ....someone is paying attention to what the majority owner intends to do .
Carpe , I reckon it is the filthy market maker on AIM dictating price so he can arbitrage to us tomorrow on ASX , I bet he has been accumulating nicely . It would not surprise if they have not been accumulating for weeks for this announcement and then offload for 5% . A comment from a HC poster " Those wanting to underwrite a future, larger raising will enhance their prospects if they are high in the broker turnover list and can broaden the register. Hartley”may” be an ongoing buyers and certainly has a retail network.
I expect follow up support from both Hartley and Ellerston. " Your Market would also know this .
The business plan is very attractive, no one can argue that...we just need to see CEZ move forward on its gigafactory plans for this to be derisked.
I am a little surprised we are not up 20% today now that we have this big upgrade in value, but hopefully investors in US and Oz who have sat on the sidelines will be encouraged to invest this afternoon.
I didnt want to over hype but I think you're right fingers
Happy , a prepaid with Tesla , I reckon we may ten bag from here .
shearclass capital cost wont matter , In fact I have them to be$ 1 bil , our prepaid offtakes mean we wont need to dilute for capex raise even at 1 Billion . Besides it did increase production by 5,000 tonnes which is more income at $50,000 per tonne than the increase in capex costs
TESLA is the elephant in the room. They like short supply lines but they do nail down timelines hard. Bit ironic really if you are used to Elon time.
However with the rapidly increasing costs of Li (only going to double and tripple still) it'll be essential for offtakes to be in soon at current rates.
the timeline to production at cinovec & the global demand/costs sets up perfectly for investors here.
My call as always, TESLA wins & this will 5 bag before production.
Glad I got in early! GLA
and there is consideration of timing the start of production and the mine development timelines - perhaps all being brought forward to suit markets/offtake agreements pending.
Nice to see some good posts here - may it continue - but brace yourselves for the hype-rampers/doomsters to arrive here.
Patience, in consideration of the fundamentals, has been the key here . DYOR GLA.
CEZ intends to make a final decision on lithium mining at Cínovec in 2023, after all the necessary surveys and studies have been completed. Production could start in 2025.
I suspect CEZ gigafactory plans that were due to be decided by end of year 2021 will impact the timeline.
Beefing up the balance sheet coupled with the revised PFS at this stage will certainly help EMH in their ongoing discussions with off-takers and other debt providers especially with the soon to be released DFS.
This is just another step in getting an offtake agreement, dilution was always going to happen with this project and it will continue like that until production, but is more than offset by these great numbers.
Moving quickly now towards DFS and Offtakes.
Any word from our Czech friends at CEZ?
Its for good reason, project economics much better as a result
Because you take money when it's available, not when you desperately need it.
Not sure the market is going to like capital costs increasing by ~$160m vs the 2019 PFS...
Good PFS update, however the placement is a bit fishy. We had no need for capital yet. Even if we did, why them and not existing holders? They have no particular use to us, it's not like Tesla initiating a position to get a director in, which I would understand.
Operating costs have risen a fair bit, but expected due to the tailings management and general upscaling of the project, still a huge margin ($10,000) between opex costs and the long term lithium prices used, let alone the current price
New shares LLInv we only will have 202,893,985 after we capex raise if we get prepaid offtakes .
With regards to the find raising, did they issue new shares to accommodate that or use existing float? If the latter, the chance of share dilution is looking less likely (but not guaranteed)
I might have misunderstood, though
Cap raise , we did not need , some money now in bank for capex , and very good intso to have on board , this mob had or have links with the Packers here .
https://www.asx.com.au/asxpdf/20220119/pdf/45547z0fnlw74l.pdf
yes not too bad
HIGHLIGHTS
• Firm Commitments from two institutional clients of Euroz Hartleys received for a private placement
of approximately AUD 14.4 million (before costs)
• ~$13 million contribution by Ellerston Capital
• Funds raised will assist in further development of the Cinovec Project and general working capital
• Please refer to the Company’s announcement today regarding PFS update for further details about
the Cinovec Project
European Metals Holdings Limited (EMH or the Company) (ASX & AIM: EMH, OTC – Nasdaq Intl ADS:
EMHXY) is pleased to announce it has successfully received firm commitments for a placement for
10,285,000 CDI’s at an issue price of A$1.40 per CDI to raise approximately A$14.4 million (before costs)
(Placement) from institutional clients of Euroz Hartleys. The Placement was well supported by Ellerston
Capital, a leading Sydney based fund manager with in excess of $4 Billion in funds under management,
which is investing ~$13million. The proceeds of the Placement will assist in the further development of
the Cinovec Lithium Project, the largest hard rock lithium resource in Europe, and further general working
capital.