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https://hotcopper.com.au/threads/2021-the-year-for-emh.5835066/page-1087?post_id=55042764
First buy EMHXY : And I jus looked up I Hub in USA and they went for $2.019 aud a share eqivilant current sell bid is $30 usd or $2.033 aud
Are you able to contact your brokerage's respective support team? They might be able to give some background as to why you are unable to purchase EMHXY
Nice little uptick at the close…
Does anyone can buy EMHXY on their brokerage account? On mine is still showing closed without ability to buy, in that case demand probably cannot be created?
That’d be the issue then. No, I can’t see any volume, but the thinking behind them is that the shares need to be bought off one of the traded indices, so if the demand picks up for ADRs, the the volume ought to pick up on the indices also.
It seems like the pattern at the moment is for the ASX to uplift, but the aim and Nasdaq to stay put.
Blonde where exactly you see any volume on ADR's at all? As I understand you cannot trade it yet.
Just kidding, right? :)
The XY on the ADR ticker makes me wonder if there's a coincidence or intensional Tesla car line up of the S3XY
Still quite light volume. - not much interest in the ADR’s as yet it seems..
According to MD Ken Brinsden, there’s even more to the positivity lithium miners are dealing in.
“Prior to this auction the maximum price referenced for spot was about US$900/t,” he told delegates at the Diggers and Dealers Mining Forum in Kalgoorlie today.
Lithium shortage “genuine”
Brinsden also believes there is a real shortage of lithium feedstock in the supply chain.
“There is a genuine shortage, that I am certain about,” he said.
“The idea the chemical conversion industry is now stuck, they’ve built a lot of capacity without reference to the underlying raw materials supply base.
“As a result the miners are going to attract more margin, there’s just logic in it.
“When I think about telling you that story last year you would not have believed me, but actually we were starting to get a feel for that very event happening, it’s been building for some time.
“China has built too much conversion capacity for the available supply.”
Brinsden said PLS would be open to have other traders on the BMX platform because it provides transparency to the opaque and immature lithium spot market.
“The benefit you get then is greater transparency, what is the real price, and I appreciate that’s been very difficult to ascertain in the lithum raw materials world,” he said.
“We are advocates of greater transparency, that’s one of the reasons we built the platform, and we do like the idea there will be more industry participants over time.”
Oz up 2.67 % closed $1.73 ( 92 p ) peaked 94 during the day , looking to go higher agin tomorrow .
Lot's of positives. The only thing that annoyed me, though I already expected it from the patterns of previous time plan statements, was Keith's mention of DPF at END of Q1 2022. Given his history of stated time lines that haven't been realistic or achievable for various reasons, some of which are uncontrollable, I'm expecting a DPF end of Q2 2022 and hoping for an off take Q1 2022.
https://www.youtube.com/watch?v=Y8WE77Jadx0&ab_channel=ChrisTemple
Fireball, various media links and gov interviews. Look back through this board.
MajorOak and Ant - both very valuable points. Where could I find more info on the VW/Skoda deal? Can't see anything after March...
Keith made it clear that he was more concerned about getting the terms of any offtakes right, than getting them early. I think he is a smart cookie and knows he and CEZ can play hardball to some extent on this.
VW will already be in the mix as they're building a CR gigafactory with CEZ. It may be that signing other offtake agreements is on hold until the VW/Skoda thing is signed and sealed. Just my guess.
With PLL bulk being lithium, EMH will have some big clients for the tin side of the mine.
There are bound to be multiple offtake agreements here and the tin could well be the largest in value so don't necessarily focus on all lithium.
May be VW are negotiating with another partner who wants tin and they bid as one ? Not sure on that but it has amazed me VW have still not you bought up a solid 50,000tpa hydroxide for central German demand ?
It does make me wonder when you see the interest in a brine company which is much smaller in scale getting LG & RENAULT in early.
I wold be happy with just 1 at the moment , to kick start the SP towards the £1 ...lol
In the interview with Rodney, Keith said they wanted to sign agreements with not just 1 or 2 partners but 3 or 4 … https://youtu.be/AuBBecki3rI?t=559
Given that Tesla signed an agreement with Piedmont Lithium for roughly 50,000 tons per annum, this could mean EMH signs a deal well above double the PFS.
MWil : LOVED THE BIT : Hoping , expecting to do double production
Rodney Hooper
#Lithium #EVs
The lithium market is currently experiencing the perfect storm through a combination of rising EV demand, inventory builds & new supply is limited. The "swing" supplier is spodumene concentrate (SC) & recently, we've seen substantial spot price rises culminating in Pilbara's "spot" auction where 10kt of SC5.5 FOB Port Hedland attracted 62 bidders willing to pay between US$700 - $1,250/t. In the battery-grade chemical market, 2021 contracts agreed at lower prices in 2020 are negatively affecting formula based SC contract prices - we estimate Pilbara's Q2 2021 average contract price at US$550/t - well below the recent winning bid at spot auction (US$1,250/t). Pilbara is in the fortunate position of restarting the Altura plant & being able to capture more spot pricing. Can new producers secure full funding without binding offtake contracts based on agreed formulas & price floors? We believe new DMS only SC projects with low capex commitments will enjoy maximum sales flexibility if they can self-fund.
Below is a graph of #RKEquity's estimated "fair value" SC6.0 FOB Australia price that allows Chinese independent converters to earn a 15% operating margin based on the ex-VAT chemical price. We calculate that the winning spot bidder at $1,250/t (SC5.5) would need a battery-grade chemical price of $18k/t+ to earn a 15% margin. Given this reality, the speculation is that the buyer is a new converter desperately looking for material to start production.
Will current higher chemical & SC prices finally secure much needed financing for new projects to ensure future supply?
https://twitter.com/RodneyHooper13/status/1421401468788256769
What a great link. Keith comes across a a modest but highly knowledgeable CEO, just the sort of man we need going forward. I particularly liked his views on the shareholder agreement which sounds almost watertight. That has always been my main worry and I feel much more confident now.