Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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https://cleantechnica.com/2019/12/07/bank-of-america-merrill-lynch-tesla-model-3-other-ev-3-year-total-cost-of-ownership-analysis-for-uk-shows-evs-much-cheaper-than-fossil-competitors/
https://cleantechnica.com/2019/12/07/keolis-nederland-bv-selects-byd-to-supply-largest-electric-bus-order-in-europe/
Has anyone contemplated the idea that the government/CEZ could approving the mining permits would hugely increase EMH value, making it much easier for EMH to cough up the money required for their share of the construction costs, meaning CEZ/Government would be mining lithium without having to invest all the money themselves?
Not sure how your response relates to my point. And I made no mention of double production.
Anyway, remember that CEZ *are* the govt... the same govt that issues permits etc. I'm staying with 2022, 2023 at latest, for production.
Yes, thanks... found it. My mistake. Not sure about clause (f) deadlock. Seems we have no say over the construction decision at all. Agree with CEZ or forget it. Would this be a likely issue?
Ant looks for the below in the AGM Rns
2. Geomet Shareholders' Agreement
Some people here are full of baloney, making assumptions without any real knowledge. At some point if and when this project will go ahead, as holders of the 49 per cent of Geomet, we will have to come.up with our share of the funding, so about 250 mil I think. If the price is in the same range as today that means huge dilution for the shareholders. Also remains to be seen if we will come up and be able to raise this kind of amount. If not CEZ can dilute us and our share in Geomet can fall below 20 per cent. Until everything is finalized and we red the entire deal word by word, whatever everyone is saying here is a bunch of nothing.
Am I going completely mad? I mean i know it was a fairly hard night last night and all that but I cannot find any 'Part 2'. only a document called 'Proposed subscription by CEZ for 51% of Geomet" that starts with a paragraph called "Posting of Circular and Notice of Annual General Meeting" and finsihes with a section headed "Recommendation"
Do you mean 'appendix 2 Letter from the Chairman'? In which case I still cant see anything called 'Shareholder's agreement'...
Hi Ant
Go to the AGM RNS and scroll down to Part 2, section 2 Shareholders Agreement
Ctw, where is this list of reserved matters?I can't find it.
"Electromobility was another big topic that we solved today with the Slovak government in Valtice. We confirmed the joint project of CEZ and Slovak InoBat, focused on the production, distribution and sale of batteries. The aim is to build a joint venture for the European market in the Czech Republic."
Now if they build a 30 gigawat hour production facility , our PFS production is already sold . Come on they have to increase production for HE3DA , VW and others .
Had this deal been done with VW or Northvolt everyone would be jumping for joy and screaming Hallelujah but because of a few ridiculous factless posts by our resident trolls, Derampers & Scaremongers with their endless project fear scenarios many have been blinded ..... This is, or should I say, Will Be An Amazing Deal and better than any other deal with any other partner for reasons I have already stated.
CEZ will get all the licenses and permits (If they haven’t already lol lol) Funding is a forgone, the markets will see this as being De-Risked ..... We’re Off
We’ve already spiked twice on potential news to 28p (Krupa) & 26p (CEZ) wait until the real deal is signed ..... 44p - 48p The Market Is Waiting
News Soon
Anyone still worried about the fact that we are selling a majority stake (hardly an outrage, given the amount CEZ are paying for it) should at least study the details of the shareholders agreement and, in particular, the impressive list of "reserved matters" which require the unanimous agreement of the Geomet shareholders (i.e. SDAS AND EMH). EMH has not given away complete control, as some seem to be suggesting, notwithstanding it will only have 49%. In my opinion, the whole set up looks and feels like a serious agreement between partners with every intention to develop the asset jointly, on a fair basis, and not some "rip off" deal that will result in CEZ calling all the shots and basically riding roughshod all over us. On the contrary, it all looks good to me, but please DYOR.