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"But that's not good for the consumer, certain tech companies will build cars that are terrible but morons will buy them because of the label. Do you want this?"
People buy BMWs and Mercs already.
Great post fingers.
Listening to that, largest Li in south America for them vs Largest in EU for us.
So they have 500m cash balance, NDA's for offtakes , but they have no constructed mine & will produce end of 2023 at best.
So to be at 3.6bn USD M-Cap....& expecting 40 USD+ share price (which they've already had) is a huge positive indicator for EMH!
Once EMH move on NDA's / Offtakes it'll be off the scale when in production!
Hold & buy - GLA
Hasn't produced an ounce of Lithium . But has a $3.6 Bil USD market cap . Wait until they catch onto EMH .
https://www.youtube.com/watch?v=eHW-fD_h7GQ&ab_channel=CNBCTelevision
LONDON, Jan 5 (Reuters) - Prices of lithium carbonate in China jumped to a record high of $41,925 a tonne in December driven by strong demand from manufacturers of the batteries that power electric vehicles, Benchmark Mineral Intelligence (BMI) said.
https://www.reuters.com/business/energy/lithium-carbonate-prices-jump-record-high-china-bmi-2022-01-05/
It's about price points with electric cars. Tesla makes the model 3 with 2 castings that makes manufacturing cheaper. It's all about mitigating the cost of the battery this is the most expensive part. This year we will see a $25000 Tesla Model 2 that will be the deathnell of ICE cars.
And suspension and chassis' will become commoditised, made by a handful of manufacturers. So they'll mostly be the same.
Most of the gadgetry on modern cars is pointless crap that allows sellers to ramp the price. IMO.
The brand thing was not my point, its more that some people will buy the cars that have TV screens in their doors, wings and roof and lots of other pointless crap but won't care whether it has decent suspension or chassis.
Tech company cars will be terrible but popular.
People already buy brands rather than products. A Skoda is an Audi for half price. And the stupidly flashyier it is, the better. Including 'supercars'... where the hall can you drive a 200mph car? It's all about ego, and the manufacturers know this. Britain has for ages been known as Treasure Island by the German car industry because the brits are so obsessed with brands and image that they pay more than most for German cars. Personally I drive a 21 year old Japanese Honda HRV and would like a very simple classic... like a Peugeot 204 cabriolet.. that I can pootle about in. Simpler the better.
I like the EV revolution, but can't see why the car industry should be any less susceptible to commodification than any other consumer product. My background is IT (prior to that, printing industry) and my career has been destroyed twice by tech change and commodification. It's how things go. And perhaps EVs will become cheaper with more competition.
But that's not good for the consumer, certain tech companies will build cars that are terrible but morons will buy them because of the label. Do you want this?
https://www.youtube.com/watch?v=-_CfAgUawtU
Hard evidence that the automotive industry will be dissolved by the commodification of the technology. If the complicated bits of a car only comprises a battery that anyone can buy, four electric motors and software, who needs the existing goliath sized, specialised companies that make engines and the other complicated stuff that goes into a ICE car? Massive change underway. Cars will be less and less about tech and more about brand. The global auto industry must be worried. Now anyone can build cars.
https://www.reuters.com/technology/sony-says-establish-new-electric-vehicle-company-2022-01-05/
They're bots that place those small trades. Institutions use them to manipulate price and sentiment. It should be illegal but of course there are too many 'lawmakers' in parliament who benefit from it for that to happen. (see that ****roach Rees-Mogg who owns a hedge fund for example)
Some strange selling activity happening this morning, lots of small sells to try and push the price down? someone's spent £70 just on selling commission to make those 7 small sales?
Thanks
https://www.europeanmet.com/
Subsribe here Evan
Agree with you there DP. EMH location is good but both projects have strong links and proximity to VW Group, EMH/Skoda and SAV/Seat.
Doesn't change the fact both need to pull their finger mind you!
Bob, EMH EIA hasn't been submitted yet, still awaiting further submission to be taken through to public consultation. You can follow progress on below link. The site will also be subject to the EU transboundary assessment (Espoo Convention) which adds time to the process. Keith said he was expecting positive EIA decision months ago (rock stocks interview If I recall correctly) and has since gone quiet on the subject.
https://portal.cenia.cz/eiasea/detail/EIA_MZP506?lang=cs
How can you get automatic asx announcements by email?
https://youtu.be/1TGLdxVmmik
Again not directly emh related but again it gives great insight what’s going on. Rio Tinto gets a mention and they are both in agreement that the Jadar project will not be going ahead…..
ZNWD is flying I think that his is cinovecs year both sides of border
Volume returning…
I agree, this is great news for us. I wonder what it will do with the EMN stock price.
Sorry, that should read 8.5 million Canadian dollars. Be a pretty nominal investment otherwise.
The announcement of an 8.5 CaD investment in EMN by he European Development Bank bodes well for EMH. From he EMN announcement:
"The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in almost 40 economies across three continents. The Bank is owned by 71 countries, including the Czech Republic, as well as the EU and the European Investment Bank. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient and integrated. To date, the EBRD has invested more than EUR 1.2 billion in 110 projects in the Czech economy. The Czech Republic is the only member to have ‘graduated’ from the EBRD, which it did in 2007. However, in 2021, after a request by its government to help with the recovery from the coronavirus pandemic, the Bank agreed to resume investing in the country."
Only 33% to go Ob to get to my 1st price target of $60 k a tonne .