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arnaud , was using trucks a visual to see what toonage could be dug out . Trucks will need to bring to surface to get to that piepline i think .
I don’t think CEZ will sell any share to Genfeng or any other Lithium big player and they hold 51 % of Geomet.
They might try to take over EMH to secure the whole vertical integration. But I think, they are also happy EMH looking after all the development steps.
@Finger I was under the impression they will be smart mining only the lithium/Tin/Tungstene vains, so there will be much less tailing to process and dispose in the old coal mine ?
And they want to transport from the mine to the processing/bonification plant by pipeline, so no need for a noria of trucks ? What do you think ?
Oh my goodness are you suggesting we may be subject to being screwed like BCN are currently being ! My share ave is a lot lower here than in BCN so a takeover bid at our peak price would not be perfect but would be okay for me. But I do agree that it is unlikely that the chinese be allowed to get their greasy fingers on this !
Just a little rounding error ;-)
Yes I have: it's $8.4billion!
https://www.reuters.com/article/us-global-mining-lithium-idUSKBN2CO11J
Britain set to stockpile metals for electric cars to beat Chinese threat -The Telegraph
https://twitter.com/home?lang=en
KC certainly on to it ,
https://thedriven.io/2021/05/06/the-australian-trucking-industry-has-begun-to-turn-electric/
Zinnward as currently considered, is frankly a rounding error on EU lithium demand.
Heck, it's a rounding error of VW's potential requirements.
A good little German mine perhaps, but not special.
EMH @ 7 million tons of lithium is ridiculous. Have you ever calculated 7,000,000 x $12,000 ? It is a surprisingly big number.
I could probably say without a doubt if anyone was to buy EMH out it would be CEZ not a prayer Babis would let the Chinese get Cinovec .
But we're doing a good job at the moment at the mine and promoting ( whether seen or unseen .)
Yes there are interesting dynamics potentially at play.
It’s also getting the pot boiling in our sector and no doubt concentrating a few minds in the EBA,which is no bad thing
I thought the whole point of the EU backing projects like Cinovec was to STOP any influence and rely on the Chinese , have its own supply from within the EU so industry within the EU CAN compete with China and not be over run, I am not saying Gangfeng wouldnt want to have a slice of the action but I dont think they will get it, or any more than they do through BCN , just my own opinion of course, as for EMH AND ZNWD linking up, who knows CEZ might not like EMH having a buyer who wasnt in their interests but they might go for one that is, deals and deals to be done, which can get complicated, as long as we the share holder get a good deal out of it of course. Good to speculate of course but ill stick with EU intentions to have supply from within protected.
At end of day Ganfeng are very smart.
They are underpaying for BCN - its Sonora asset and one could argue are pretty much getting ZNWD stake for free.
What they do now is indeed very relevant to us.
Either 1) they sell the stake to someone and make a nice capital
gain (we are naturally buyer and I would be very excited about it on value accretion) or 2) more likely, they buyout ZNWD. And we have Ganfeng as our next door neighbour. Then what does Ganfeng do? Hm...
They start eying us.
Then it becomes a political game.
I see EMH + znwd being bought out within 1-1.5y - which is why I own both stocks. You can decide who the buyer of the consolidated entities would be.
Personally I find it to be an interesting discussion.
Malik, have you shared your thoughts with Keith?, I'm sure he would put you straight one way or other.
Keep banging on about this on the board is getting very tiresome. If you want action, here is not the place to do it, let us know what the response is , I know in the past Keith was not interested due to the size of Cinovec but times have changed, maybe his mind has too
Erris is former name of Zinnwald company.
The point is not who has bigger resource. The argument this is irrelevant to EMH and discussed on other boards is missing the point.
The point is: there is bound to be M&A with our next door neighbour ZNWD.
And this is very relevant to us. As both EMH and ZNWD consolidated soil
Make the EU biggest lithium resource AND improve economics of whole thing as you add tonnes with very limited additional capex and improve IRR.
Why? Because if it’s Ganfeng who buys it - the multiple paid is very relevant.
2) of Ganfeng buys it - Ganfeng May well then bid for EMH after and consolidate both
3) Or EU disapproves of this and EMH potentially is merged/takes over ZNWD and potentially an EU entity eg CEZ or VW takes over the whole thing.
In any case I said it many times a deal by EMH would be immediately 50% value accretive to EMH shareholders before accounting for any synergies!
Appologies I thought I was posting on KDNC....
but I would just add that EMH's Cinovec is a massive resource, much bigger than ZNWD so I doubt EMH would have any interest in buying it. The only benefit I can see would be sharing a Hydroxide plant?
None of this relates to Cadence other than EMH being next door, why not discuss it over on the ZNWD or BCN boards?
Ant afaik, zinnwald is erris.
So who owns the rest of ZW? And where does KDNC fit in, if anywhere? And who is Erris?.. they seem to be two different companies, one a gold miner.
Sheesh. I give up. Whatever, it's clearly a dog's mess and needs clearing up. No doubt GF will be the catalyst for some corp action soon.
Correct -
BCN own 44% of Zinnwald company.
Zinnwald company owns 50% of Deutsche Lithium
So it seems to me that the following is true....
Deutsche Lithium is the overall 100% owner of the project...
Solarworld own(ed) 50%
Znwd own the other 50%. Of this bcn own 44% of znwld. Is this correct?
Solarworld (co
in administration) owns the remaining 50% in ZNWD asset.
ZNWD has first right of refusal on asset.
ZNWD has said they want to fully own the asset.
So it’s a question of when not IF.
"Do solarworld still control 50% of Zinn?"
I think so, but they are in administration, I'm pretty sure BCN had an option to buy there stake which has probably been passed on to ZNWD.
Why does the ownership structure seem so complicated of these lithium companies?
There is NO BURDEN when you buy an entity which trades at c4x discount to you. What needs to happen first, is ZNWD needs to buy the solarworld minority.
It’s an IMMEDIATELY 50% value accretive deal to EMH shareholders and that’s before synergies.