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Profit takers selling decreased .
Had feared with Beijing concerns red start to week EMH might drop below 60 . holding strong only one sell this day .
Europe will require 35 times more lithium and seven to 26 times the amount of increasingly scarce rare earth metals compared to its limited use today in order to meet the EU’s Green Deal goal of climate neutrality by 2050, a study has found
https://eandt.theiet.org/content/articles/2022/04/europe-needs-to-rapidly-ramp-up-rare-metals-supply-to-meet-climate-goals/
https://twitter.com/RodneyHooper13/status/1519245218100682752
Spodumene $5,650 a tonne
This is becoming more and more rucking fidiculous every day , with what Lithium ??????????????????
https://www.business-live.co.uk/manufacturing/teesside-lithium-hydroxide-plant-could-23796137
How does anyone build a gig factory and now a lithium process factory without the knowledge where their raw materials will come from .
Bizarre that theres no mention of where they will be getting the raw materials from for a plant that will produce 3 times more hydroxide than Geomet.
Skelly , the whole Lithium thingy is getting more and more BIZARRE every day , hence why I revisited the open pit again , to really produce as much as Cinovec has to offer it feels we just need to dig the dirt out of the ground and let everyone else process it . An open pit is much safer than to possibly bury humans under ground and all the plant and equipment if there was a soil issue , and think of the millions of vehicles that may not then get made if there was a catastrophe and the supply issues that Tesla , VW and the like would face if there was one . All of a sudden we also have another 250 mtr of top cut earth that would have Lithium in it too . Trikidiki , the mine is currently full of open tunels we would probably only backfill half the hole we made . Extreme commercial sense to open pit the mine .
OEMS WILL NEED TO TAKE DRASTIC UPSTREAM ACTION
https://www.benchmarkminerals.com/membership/auto-oems-will-need-to-become-miners-gigafactories-europe-berlin-event-benchmark-launches-giga-usa/
No one in their right mind in europe is going to start an open pit lithium mine after what happened in Serbia
How is this gunna happen ????? 800,000 tonnes of lithium (3,500%)
If someone does not secure the EU's 'LARGEST LITHIUM DEPOSIT' soon a 'green future' will remain even more of a pipe dream . . .
I am getting extremely suspicious of the competence of CEOs and policy makers/politicians in the battery materials supply chain - if they see huge returns for themselves we - as PI's - tend to be victims of our own integrity and find ourselves manipulated by the wicked ones - having had first-hand and painful experience in other stocks.
The ROI, of new tech disruption that has started, is beginning to be realised by those with power to corrupt the system either through the financial markets through stock manipulation or from the policymakers with an interest in making money/increasing their power over the populace.
Yes - it is EXTREMELY bizarre that any mention/hint of the number of EU/World giga-factories does not mention the sourcing of battery materials - which heightens levels of suspicion. I, as I know all investors are watching the 'politics' of the World (thanks to all stock researchers on forums) for any hint that we here will get a reasonable ROI - just hope that if any buyout of EMH is being negotiated by KC is not at similar levels seen at BCN - would expect some news to drop at any time - which makes me even more nervous of any possible shenanigans taking place that we are not privy to - II's & MnMs know before PI's.
I believe in this company/stock for lithium like I did in Sirius Minerals (SXX) for potash - look what happened there !!! However - as it turned out I , as did many other PI's, took the long term view of what the World needed as an 'investment' in the future for all - but as corrupt is, corrupt does and LTI's are often caught short from sculdugerous activity behind closed doors. Really hope that my fears are not realised here.
GLA DYOR
I am also more wary of what the end game will be for EMH. I think it looks less likely EMH will be involved, or involved at anywhere near 49% ownership, come production. Still holding and waiting to see what is going to happen.
agree that we're likely going to be pushed out on this one. Personally not too upset by that, but I will be if the price is being manipulated down to lower the value of any buyout.
I think we will have to rely on the strength of the shareholders' agreement which I understand from certain, well informed, investors has a formula to protect the interest of the 49% minority.
I would like to see us hang on until DFS, then get offer based on discounted valuation from that point rather than PFS. Obviously general market factors with Ukraine, lower global growth forecast and general lower stock market , will add downward pressure to any offer.
FORD making more hints after Elon mentioned ''more people need to get into the lithium business to address the massive supply-demand gap'''
Are FORD not building an EU plant right now?
Maybe they're all donning their gloves for the fight as we speak . . . .
https://www.benzinga.com/news/22/04/26859087/ford-ceo-pleads-mining-industry-for-smart-deals-to-offset-commodity-price-hikes-pitches-moving-proce
The only possible supplier In Europe is Cornish lithium. EMH seems to be stuck or in a parallel universe at moment. All the majors supply finished product cannot think of anyone on runway ready for this. Ganfen has its hands full supplying their masters. Bit of a mystery to me sounds implausible on public info out there. If anyone could supply at that rate Tesla or the Chinese would be slugging it out.
Perhaps some people might like to read this again? (open in chrome to translate)
https://www.groene.nl/artikel/de-oplaadbare-samenleving
I sold out at 78 months ago I still watch EMH very closely but I sniff trouble ahead. There seems to be a definite campaign of stalling from chez not sure why???
It’s a huge project. Delays are inevitable for all sorts of unforeseen reasons.I don’t know why anybody would think anything else.
I think perhaps it’s just human nature to start worrying and thinking the worse where money is concerned
With CEZ being 70% owned by the Czech government I think with the new Government just getting its feet under the table and connecting with VW and those possible battery manufactures to decide where to build thier Giga factory and what incentives VW etc can get from the government to do so all take time No one will copmmit big money with out knowing where to build .VW and anyone else might just want to buy into a mine now Lithium price has climbed so much lots of conversations to be had ,plus the 2nd method of producing Lithium hydroxide being tested, time will tell, time again you see. Grants and loans to be negotiated and as pay back will be sooner ( once producing of course) as profit a lot higher banks and anyone lending money will be satisfied about that im sure but it still needs to be negotiated.
personally I think the EIA has caused a bit more work than first thought as have been seen on other projects and that delays on those projects too.
EU slow moving , VW slow moving , CEZ slow moving ??? wont they make more money the sooner in production?
Keith in Europe this week? who is talking with? what needs his presence?
lots of things could cause a delay and most likely all of them,
The price of lithium is making people think hard and alter plans? VW might think best we secure a supply by buying into the mine? al be it with a 51% partner buy EMH out? NDAs ???
I trust we will be updated about the visit ASAP
As I think many suspect, I'm a lawyer and want to share with everyone a case I had in the mid 1990's. In that case, a major issue was where a multinational was going to build a plant. The negotiations took over a couple of years, because the multinational was working to eek out every tax advantage it could from the multitude of governments that were salivating after the jobs created and the resultant tax revenues. It was a dance, with conversations like, "Well, Government A is offering this and that to attract us .... Government B, what can you offer us to bring all these jobs and tax revenues?" In the end, the multination selected a jurisdiction to build its plant. But the whole thing was interesting to me to see the concessions that governments will go through to attract businesses to their jurisdiction.
As for the conspiracy about trying to reduce the valuation of EMH, why did we see an updated PFS when the entire purpose of the updated PFS was to double the NPV of EMH?
I'm with Leftos, Sid, and many others who are urging us not to let our minds wander. This crap takes time. And the situation in Ukraine just slowed things down (although ironically will hasten the transition ultimately).
But cinovec has to go ahead regardless of what VW decide. So how do these machinations affect progress?
“The only possible supplier is Cornish Lithium” - I nearly spat my cornflakes out.
No chance in my opinion. Sorry I mean that in comparison to EMH. Being ex CSM I cannot see that being an answer.