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?JNRB , EMH is not forking out any money , all they are doing is offering " The options to be issued to Luthardt Investments are unquoted and are exercisable at AU$0.80 eachon or before 30 December 2023, subject to the following vesting criteria:??
It is weird to say the least , so the first tranche looks to already have been done I would say , because there really is no value in the option because you could buy on market at 76 cents yesterday . The second tranche is a little bit more exciting and sexy and have six months to do something about extra production , ie " formally support an increased production plan " , Mmmmm sounds like to me a new offtake agreement maybe directly from German Gov . The French Gov did something similar 6 months ago
https://twitter.com/RodneyHooper13/status/1586041753081085956/photo/1
Gone up $2,000 a tonne in one day
The vesting conditions do not appear to suggest anything in that direction.
Quite simple IMO ghin, EMH are doing something outwith the JV. And what is next door just across the border in German jurisdiction.....Zinnwald Lithium. Now wouldn't that be an interesting scenario, EMH bring another 15k /t of hydroxide to the table in their own right (separate from Geomet / CEZ). Could a merger of EMH / ZNWD really be on the cards, after all both SP have followed a similar pattern over the last while (not that it would be manipulated.... ;-D)?
Beyond the many questions regarding the importance of German support, why does EMH dilute to get it rather than Geomet - 51% owned by CEZ - since that's the entity tasked with the project and it's supposed to be "fully funded to investment decision" as a result is EMH giving up 100% ownership. This move reeks, KC. Explain yourself or be gone.
Sorry that was a bad joke - it’s Friday and the sun is shining :0)
This is interesting and maybe relevant to todays RNS
https://policy.trade.ec.europa.eu/development-and-sustainability/conflict-minerals-regulation_en
Well the next RNS is landing Monday - hopefully there is more info in the quarterly activity report!
PLEASE KC
German end users most definitely most likely , who tho? would they be discounted? and why are EMH paying ? for Luthardt .
50, 000tons divided up or more Cez, Skoda, VW, Battery manufacturers, LG, Samsung?
"[...] formally support the Cinovec Project and the supply of lithium products from the Cinovec Project into Germany and use its best endeavours to assist the Cinovec Project in permitting and funding, apart from other factors."
Does this not strongly suggest that we would be selling at least some of our product to a Germany-based OEM? I'm worried too much Lith will go to Skoda at a heavily discounted price. Perhaps the reason there's no news on off-takes is because German support is a pre-requisite.
There is always something new going on but nothing to move the project forward. Just say someone wants to support EMH, the first question would be "how much do you want" The answer to that is "I have no idea". Just get the DFS done please, if the rationale for continuing the project is a no brainer then financing shouldn't be an issue.
"subject to milestones tied to achievement of downstream
partnerships and policy support for the project in Germany being met."
Is this where the money/investment? is coming from? Germany?
I believe there needs to be cross border agreement when planning things like mining in close proximity of neighbouring countries.
Wasn't there an issue with Spain/Portugal for the SAV mine?
Does this suggest some sort of common plan between cinovec and zinnwald, which is in Germany?
Why German govt?.......Is KC having problems with CEZ and the Czech govt?
Very strange and needs further clarification to reassure shareholders.
"COMPANY
© Luthardt GmbH 2017 | Luthardt GmbH is a family-owned company with its headquarters based in Berlin. Core competence of the Luthardt GmbH – which primarily offer to German manufacturers in the field of energy production and distribution – lies in product assembly and commissioning within large infrastructure projects abroad"
This taken from their own website.
thats is the odd thing about this Announcement, thought we were fully funded I hope we get a explanatory video or some thing .
Having said that things seem to be moving Germany left field point could EU buy 49%?
Curious as to why this is related to emh and not geomet regarding the options….hmmm
Looks to me that dilute for something that CEZ should provide for the project or the very least Geomet pay for.
Looks to me that the cinovec project and that of the EU as a whole is perhaps bigger than even we as shareholders imagined.
It could be a great indication of the positive end incoming for 2022.
German gov support means 'EU support' & funding guaranteed.
Germany must be the dominating force on the EU continent when it comes to Energy so this is hugely positive.
Have I missed something here? Why are the German government involved? Sounds interesting
That German mob gets their options for meeting two goals - getting confirmation this calendar year of official support for Cinovec from German govt and
- getting official support from the German govt by middle of next year of production increase at Cinovec.
I think that’s very positive; clearly they believe they can stitch up such a commitment