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Two of the Perth-based junior minors, European Lithium and European Metals, reckon the clincher for their projects is that, unlike Rio’s greenfield site, they plan to operate on defunct mines.
European Metals’ Cinovec project in the Czech Republic is built on a 1940s tin and tungsten mine that closed down as the country emerged from the communist period in 1993, and executive chairman Keith Coughlan says the nearby town of Dubi has mining in its blood.
“There are 600 years of history to it. Dubi has at various stages in its history relied on that mine. Everyone has a relative who worked in it – an uncle or a father or brother, or a grandfather or great-uncle,” he says.
The locals and the national government are on board, and Coughlan says the focus now is on the regional tier.
“Where we’re doing the most work is in making sure regional government is happy and comfortable,” he says. This has been helped by the state-owned electricity utility – a partner in Coughlan’s project – deciding to put a battery factory in the vicinity.
Ah, try it from this link:
https://twitter.com/globallithium/status/1493083067249999873
That's subscriber only unfortunately
Despite a recent spate of NIMBYism in Europe, Perth-based lithium bosses all seem confident they can get their projects over the line. But how?
https://www.afr.com/companies/mining/how-australia-s-lithium-miners-hope-to-play-in-wary-europe-s-backyard-20220211-p59vvf
Cool everyone agrees... Let's see, COP Friday.
Wolf
You need the new Czech government to clarify its plans on battery industry and lithium.
Radio silence is why this stock has been amongst the worse performers in the past 1y I know of on lithium.
But gets back to what we discussed before - Keith doesn’t have full authority to speak - clearly. This is political and until the official communication is out little he can do or say.
Sadly the market doesn’t want to give the stock really any benefit of the doubt or see the following - which to me points to positive outcome:
1) New govt is pro Eu
2) it is also pro green yet, it backs nuclear and gas - it backed those to be included in taxonomy. My argument is why would they be for these and against lithium/mining. Makes no sense.
3) it’s pro business since it’s pro privatisations
4) it does not intend to replace the CEO of Cez - so chose continuity of strategy - a big relief avoiding plenty of delays.
5) EBRD just took a stake in EuroManganese - Czech Managnse project owned by TSX and ASX listed EMN. This is a vote of confidence from the EU institution - and post elections.
Tens of thousands of pounds just sitting there doing nothing, year after year. The opportunity cost alone is hugely annoying. Several times in the last 12 months, if I'd ditched EMH and switched to one of my other holdings, I'd have made good money. Instead I stay here, 'keeping the faith'. Faith based on sod all all information as to just what's going on, even in regard to processing methods.
we have waited long enough....but a little but more won't hurt!
Nothing much will happen politically until after the Winter Olympics closing ceremony imho.
We are in the doldrums waiting for the wind to pick up, not easy waiting,I know been here looooong time,bought a few more ,recently.VW are slow and so are Governments and we await their announcements.
When the hell are we going to see some action, and reward, here?
'Unhappyhols' and 'Johnny who couldn't afford a Mac' - one of the same - right on queue - hahahah.
Please pardon these people. I have been telling them what I thought of Prem on their board and they didn’t like it. So they came here to pollute the chat and insult me. :)
Quite right Malik - we will soon be 'soiled' further by paid contributors to this forum as time goes on - always a shame that stocks have to endure the nasties - especially the 'one-off' immature statements made by those who do not perform any research into a stock.
Malik, why are you ramping this share. No one listens to you.
You are a very jealous person and should be congratulating Premier African investors on there consistently good daily rises and not spreading malicious lies while ramping here.
Premier will continue to do very very well over the next few months, it’s a shame you will not be part of it.
Good luck to everyone else here.
Yeah stick to holding Prem and enjoy getting burned. Bye bye.
Malik - wake up and smell the coffee. EMH vastly over-valued. Only one way this is going. The only things disconnected are your brain cells. Do not listen to this ramper. He just wants you to buy his shares at a higher price.
Malik, is a p&d merchant listen to him and you will lose money!!!
Wolf
WAKE UP.
Premier African Minerals at >£90m mcap.
And we sit at £125m.
EMH IS RIDICULOUSLY undervalued.
We trade at a 50% discount to any other serious lithium play.
This can’t be disconnected to fundamentals forever.
You just need a hint of the govt supporting lithium or the battery industry and it will literally DOUBLE in a matter of days.
Buy, accumulate and hold.
The market is so wrong on this share.
Fastmarkets’ price assessment for lithium carbonate, 99.5% Li2CO3 minimum, battery grade, spot price range, ex-works domestic China, was 400,000-430,000 yuan ($62,833 to $67,545) per tonne on February 10, up by 50,000-60,000 yuan per tonne from 350,000-370,000 yuan per tonne a week earlier.
wow, just wow…
Li spot pricing up another ~10k/ton to 67,500$ USD/ton
Cinovec is right on the German border not really that near Ukraine now if the mine was in Poland Moldova Belarus Hungary Romania or Slovakia that border the Ukraine then I would think that way:-)
Not sure my timing is the best . Only just bought more here and znwd recently only to see a continuous slide since. Stupidly did not really take Ukraine into account at the time. Hoping that they will bounce back nicely if resolved.
I continue to think that Ukraine news will neuter any good news coming from EMH, at least over the short term. We will just have to wait longer! Sigh.
Latest Ukraine concerns .Are more investors considering moving back to cash. Gold .