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Pleeeese, don't upset a future PORSCHE owner with misspellings .
Could be right on point there with Porche !
VW are also waiting to finalise the gig factory partnerships in Czech Republic in January , it will all be mixed up with Cez , Gotion and themselves , we may have to wait for ours til then , and of course KC is pushing for first year payment up front , maybe thats why VW will IPO Porche , they desperately need big cash for their EV push .
To me it makes sense to wait for revised numbers, the dfs and then sign an offtake with VW and possibly another partner. I like the fact KC is not running around like a wet hen and he has already told us he is in discussions with multiple partners. Like everyone else the timeline is frustrating, but it is better to get the right deal, not any deal.
also agree Happy , this is the kicker we have been waiting for " Pricing will be based on
market prices on a take-or-pay basis'' and on top of that expect a one year up front payment . The six gigs VW plan need 180,000 tonnes per annum , they have only done a deal for 17% of what they need , I smell an offtake soon now . Last time I spoke with KC , I asked " do you think we will get an offtake B4 Xmas ?" , he replied , " I think so . "
What is also more exciting is what will be the market price when we start production , my tip and said B4 somewhere near $60 k a tonne at 100,000 tonne production , do the maths , we will get somewhere close to Albermarles current market cap . Bring it on , it will also force some others' hands , including Tesla .
It will happen here one day as " there hasn't been enough lithium" since 2018, but man alive the money I could make v what I have made elsewhere in the 5 years has made perfect sense. If emh go up 1000% I've covered it. So that has paid for me.
Hope the ling term holders dont come unstuck as Putin puts 1m troops on the Eastern Block borders.
Imho VW are looking at the %ages and thinking the risk is too high. Just buy from battery makers like Tesla are doing. Even Musk has bent over a taken a chinese shot from behind over a barrel.
MO, for once I’m in complete agreement with you. No sense of urgency is the kicker here. Waiting for the right offtake as per KC doesn’t seem to fit the general narrative. The vw/vul offtake is for pricing at market value so why can’t we. Remember that vul haven’t even drilled a hole in the ground as of yet and they’ve signed multiple offtakes so the KC rationale doesn’t seem logical.
I’m not giving up yet due to the news we all know is on the horizon but my confidence here has been dented by inaction
Agreed Malik.
Lets hope the next announcement is EMH offtake
Pasting a good comment from one of our friends on Hotcopper:
“ VUL offtake with VW is for c7ktpa. So this is equivalent to something like 30% of the lithium need for ONLY 1 of their gigafactories on Europe. Remember they are planning 6 gigafactories in Europe.?I actually read this as a POSITIVE for EMH; since it shows there is PLENTY of scope for more offtake agreements by VW - and shows too that 1) VW os is finally feeling a sense of urgency and getting active in securing their lithium requirements and 2) Plenty scope for more, 3) they have yet to take a direct stake in lithium mining - something which their management recently reiterated is a probability.?At $30k hydroxide… EMH trades at a ridiculous 12% NPV.?BUY.
“
Oh ps the US Gov are now part backing Cornish Lithium tech on brines. These guys are not f ing about.
Why choose vulcan lol. Because they are getting on with business and actually doing stuff rather than chuffin' about since 2018 and making a right F up of getting this sizz together. It royaly naffs me off. Should of been actually mining at latest next year !!!
Stellantis also have chosen Vulcan and for US production Standard Lithium the most progressed new lithium production supply in the US.
Not far behind them in Canada is E3 with PEA of 8 mt Lithium Carbonate and expansion going from 20,000tpa lithium hydroxide to a possible 150,000 tpa of LITHIUM HYDROXIDE 24/7 fully sealed processing modular units. It is not mining rock, just filtering water. Seems simplified but they appear to now have the key to breaking filtration.
KMX Tech in the US showed their brine tech to Cleantech who did due diligence of ONLY 3 MONTHS then bought the tech. KMX then only 3 weeks later completed a deal with Cornish Lithium after again only a couple of months of due diligence ....
BRINES ARE COMING AND FAST !!!
EMH , the politics, the glacial pace - someone promised offtake back in March .... Still waiting...
Bag of old spanners here. Seriously about to take my fingernails out and my very small profit. Actions from a Bod speak louder than the very few words we get.
Get a life KC man up or Fbff. Shockingly slow in the face of getting to market when product prices are hitting premium. By the time they finally get to market in 2027 - their words not mine - there will be way more lithium hydroxide than people thpught only 6 months ago.
If they crack Salton Sands = Greenbushes in steroids 2018 most of these brine companies were not even around ffs.
VW sign offtake's with Vulcan.
''Volkswagen Group is to purchase a minimum of 34,000 tonnes
and a maximum of 42,000 tonnes of battery grade lithium
hydroxide over the duration of the Agreement.
The Agreement is for an initial five-year term and the start of
commercial delivery is set for 2026. Pricing will be based on
market prices on a take-or-pay basis''
So that's the fossil fuel burning 'ship around the whole globe' supply secured, what about the EU local 'Green' supplies?
https://vul.live.irmau.com/site/PDF/4a8714c5-51c8-4cd5-8ae8-2e684c200107/BindingOfftakeAgreementSignedwithVolkswagenGroup
The EU have no choice we have a trade deal and china has that in their back pocket. You have red wall motors, byd and xpeng motors will export to EU this will be electric cars only. These will be 30% cheaper than western EV. German auto fu**ed.
Pssst highlights
https://www.cricket.com.au/video/highlights/wickets/1804/11086/1?played=6285696164001&first=6285696164001?played=6285696164001&first=6285696164001&playing=6285699044001
LOL
That would be wishful thinking but not impossible in the scheme of things :-)
Top broker tips Vulcan Energy (ASX:VUL) share price to more than double .
This will put VUL at $2.4 billion market cap , whilst EMH at a tenth of that market cap , bull**** really , will send to KC to get onto the broker , wow could value us at $14 a share
https://www.fool.com.au/2021/12/08/top-broker-tips-vulcan-energy-asxvul-share-price-to-more-than-double/
Starving battery manufacturers are paying as much as US$32,000/t to get their hands on uncontracted lithium hydroxide chemicals .
https://stockhead.com.au/resources/monsters-of-rock-good-news-continues-to-flow-if-youre-in-lithium/
Absolute bang on with that comment FP!
IMHO Tesla will Steamroller the rest & this offtake will be theirs alone.
No chance in hell the EU would let china in either.
The EU and Germany don't give a fig. All they are interested in at moment is finding a way to slow Tesla. When they realise that they have missed the boat they will do what they always do and that is move the goalposts. VW is $250 billion in red there is no way they can swing to EV and survive as they are. You would have thought there would be some strategic thinking going on not a chance they only see as far as next quarter after that nothing. VW have tried to sack Herbert diess for the second time and he is the only one who sees the devastation of the EU Auto industry from Tesla and the Chinese not a hope.
Ian Duncan Smith has called on the British Government to prevent the takeover of Bacanora by Gangfen, referring to lithium as a strategic resource and the"oil of the 21st Century".
GHIN , they will all be our customers , they will all need to to get as much lithium they can get their hands on . Every million cars for each manufacturer is 45,000 tonnes of Li , who else in Europe will have that sort of capacity .
I think it is a massive positive to have CEZ as our partner, 70% Gov owned gets you through all the permitting processes,( assuming you pass ther requirements of course) Having 100% renewable energy yto supply the operation too!.
I know its slow and painful to sit and watch but Keith has said he is wanting to get the right contrat not just any contract (s)and im sure CEZ with their 51% would agree, im sure but I have no knowledge of , That VW in some way will be getting some portion of the Lithium and Tesla also, CEZ themselves will want some and this to me pushes the doubling of production to more likely IMO of course, we wait on those Revised PFS numbers and any announcment of production numbers, I hate waiting just as much as anyone but been here a long time now since EMH listed on AIM not leaving yet.
Curious where CEZ got this boogeyman reputation from? Is it their 70% Czech gov ownership? It was my understanding that they were reputable in Europe and one of the largest energy providers.
Without their % project ownership, funding the project may have seen some share dilution to fund raise. Also, if we we're in the same boat with regards to off-takes like we are now (i.e. none), their non-involvement would've made this investment a lot riskier IMO as funding would look bleak.
The recent LCA stated a committment from CEZ to provide 100% renewables for the equipment which helps immensely with ESG.
I think I CEZ were looking to buy us out, then it would happen sooner rather than later and shareholder agreement protects us from a shoddy deal (allegedly).
Do I think they involvement is holding back offtake announcements? Yes, but I'm happy to sit on my hands and wait knowing the risk is reduced overall by their involvement.
Just my 2 pennies, but would like to here some material risk to this investment by caused their involvement besides reduced value due to 49% ownership.
I'm in agreement about CEZ, I believe its their involvement that's holding the share price back, we should be at £2 minimum now if it wasn't for their presence in the background......
I’m sure I read that these new converters in Europe are planning on using South American product for conversion. I also watched a group chat last week where Lithium Australia have realised that shipping spodumene to china at 6% li content is a foolish endeavour wrt carbon footprint and are now looking into converting it themselves and then shipping.
So as we can gather from these 2 examples, we as emh shareholders are not operating in a vacuum. Things are changing almost on a weekly basis and we all have to be mindful of this ever changing Li landscape. We need to execute our plans relatively quickly in order to gain some kind of foothold in Europe instead of pushing timelines further down the road. This also applies to CEZ, whom I’ve said for a long time I don’t entirely trust, to get the finger out……