Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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To add a little balance to Alex’s original of selected negative paragraphs
Here are some from the same article that Alex provided
From EMH’s Richard Pavlik
“In any case, according to Pavlík, the strategic partner's miners wanted to look for it, although later, for the construction of a lithium processing plant. "So what we had planned for the construction phase was accelerated and the connection was now," Pavlik added to a contract with CEZ.”
And from cez ceo
“When asked whether CEZ addressed EMH, he said that it was the other way around. "The impulse to act came from EMH."
Unfortunately he is trying to become a Self-Fulfilling Prophecy, it just beggars belief !!! just in case anyone does not understand the meaning “The self-fulfilling prophecy is, in the beginning, a FALSE DEFINITION of the situation evoking a new behavior which makes the original false conception come true.
Beyond Disgraceful & Beyond Ridiculous
Very Exciting & Positive Times Ahead
For once Lawrence I agree with your sentiments. Most of us had the impression that all was not exactly smooth with the Czech govt beforehand. The rns this week is a massive step forward and I’m sure Keith will be battling on behalf of EMH as the company has the right to mine in law so partnering with cez and moving forward is the next logical step.
Project Fear MK xxxv .... EMH now looking worse than a nationalisation ??
What Are You On Earache , For god sack give it a rest, your inability to read the latest RNS proves you are just a Deramping Troll lol lol lol
Very Positive RNS
FUNDING ARRANGEMENT AND POTENTIAL STRATEGIC PARTNERSHIP WITH CEZ
CEZ is one of Europe's largest power utilities and has an active strategy of advancing energy storage in Europe
European Metals Holdings Limited ("European Metals" or "the Company") is pleased to announce that CEZ Group ("CEZ"), one of Central and Eastern Europe's largest power utilities, has today conditionally agreed to provide a EUR 2 million finance facility by way of a convertible loan. CEZ is currently conducting due diligence on the Company and Project. The successful outcome of the due diligence process could see CEZ become European Metals' largest shareholder and co-development partner for the Cinovec Lithium/Tin Project through conversion of the convertible note and subsequent additional investment.
Headquartered in the Czech Republic, CEZ is an established, integrated energy group with operations in a number of Central and Southeastern European countries and Turkey. CEZ's core business is the generation, distribution, trade in, and sales of electricity and heat, trade in and sales of natural gas, and coal extraction. CEZ Group has 31,400 employees and annual revenue of approximately AUD 12 billion.
European Metals Managing Director Keith Coughlan said, "We are delighted to be in advanced discussions with CEZ regarding the future development of the Cinovec Project. CEZ is the largest company in the Czech Republic and one of the leading companies in Central and Eastern Europe, having a strong vision with regards to renewable energy and power storage. Potentially partnering with CEZ further demonstrates EMH's commitment to develop fully the Cinovec Project in conjunction with Czech industry, for the benefit of the country's involvement in the battery and EV industries. With their blend of technical foresight and historic mining experience, CEZ is the ideal partner for the Company."
While CEZ is 70% government owned it is still a listed company, as such I am not sure they would be able to take a compulsory stake?
Lol so when the news came out the shares spiked +20%, but the market is 'put off' when the spike trends down? On a week where AIM is pretty soggy all over, no less.
Don't over read this, the actual trades moving it about are nothing special. We did MASSIVE volume on that spike, some profit taking going on is all.
Suspect many investors are put off by the prospect of a huge stake by the Government. A compulsory stake would diminish existing shareholder value considerably. Share price is not relevant to a Government that want a stake in its national infrastructure and a share in future profits. BT share price grew substantially when our Tory Government sold off its remaining 49% some 20 years ago. A Corbynista style Government would never relinquish significant control.