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"All of this is great timing for EMH while likely to receive a €49million grant from the Just Transition fund in May/Q2. It's more than there whole mcap currently"
There is literally zero evidence from any source for this. Total BS.
The DFS isn't being finalised. It's being re-written because the entire concept of extraction, transportation and processing has been rejected by the local community and has been moved further from the mine. Hence the already 6 month delay on the original 8 month timeline of early Q4 2023.
You're writing completely misleading information to trick potential investors.
Also, didn't you know its not allowed to post on weekends? That's what I was told....
What has been clear in this process is the importance placed on this project by the community and Czech Government at all levels. In the European Union's Critical Raw Materials Act ("CRMA") environment, the coming together of both the Cinovec project joint venture partners and the Czech Government in the decision-making process with regards of the selection of the Prunéřov site provide a very strong foundation for our upcoming application for Strategic Project status under the CRMA."
https://twitter.com/MarosSefcovic/status/1780687644663685580?t=pjiy1ezdLKvsw7neOnwHDA&s=19
The Green Lights
Strategic status under the CMRA
https://twitter.com/CzechLithium/status/1750112472483135495?t=FQ06IyNdDTszjSfRYaDSKw&s=19 spoken to above
Receival of the Grant
All of this is great timing for EMH while likely to receive a €49million grant from the Just Transition fund in May/Q2. It's more than there whole mcap currently.
https://youtu.be/UPTqsrmTfAE?si=T9uR6whbsx5S9v4O
It's a fund designed specially to help the EU reduce dependency on coal - focused on coal+ regions of which the Czech Republic is one still getting 35%+ energy from coal in 2023. CEZ owns the majority of in country coal power has a phasing down program - today's RNS further spoke to the lithium being welcomed as they plan to transion the coal jobs from the region into clean jobs. EMHs tailings planned to be used to rehabilitate the coal deposits once phased out. All good for the likelyhood of them recieving it which would be a major catalyst to the SP but more so huge green light for the Project.
Gigafactory involvement
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
To read that and think of last week's news
DFS / Offtake
DFS being finalised - offtake expected to come to fruition alongside it. All the above are near term major Catalysts.
Will personally continue to accumulate while half the banks price and equal value to the Grant before the rest of the Q2 Newsflow.
Last week's News
Highlights
· The Prunéřov site has been selected for the lithium processing plant with the move expected to speed up the permitting process and expedite the Cinovec Project.
Speed up and Expidite
· The Prunéřov site is anticipated to also enable positive outcomes for project economics including reductions in capex and opex per tonne as a result of optimalization of the engineering identified as part of the Definitive Feasibility Study ("DFS") process, and reduced demolition and clearance requirements.
Positive outcomes for our Economics - Reduced Capex and Opex - last reported opex was $5567
· The new site has received preliminary agreement and support from the municipal and regional governments.
Confirmed support from municipal and regional governments which they didn't clearly have before until now. This is Big for Cinovec.
· Geomet will now proceed to finalise the DFS process taking into account the new site, including the revised capex from the new site.
Finalise...The largest majority of the DFS is complete. All of Cinovecs lock in cycles and flow sheets on both the carbonate and hydroxide were excellent.
Jan Losenický, Mayor of Kadaň, added: "We welcome the plan of ČEZ and Geomet to build a lithium plant in Prunéřov. People from our town who currently work in coal-fired power plants or mines, but which will be gradually downsized and closed, could find employment in the processing plant. The investor has promised to invest in the training and retraining of current employees so that they can be employed in the new sophisticated plant. We are glad that ČEZ will not leave the region with the end of coal but will remain one of the largest investors and employers in the region, also thanks to the lithium park project.
The news was great and further derisked EMH towards being a major producer for the EU and Czech Republic - it also gave further emphasis on the move away from coal, which supports the purpose of the JTF 49mil grant to help replace coal jobs with clean jobs.
Theres also been alot of confirmation across the 2024 interviews that CEZ, the government, and the bank are aligned and that the projects coming online. There's constant blaming the CEO when it's obviously not in his hands - it the EU that has been slow, until now. With the CMRA, net zero act, innovation fund have all come into effect over the last 6 months +the Just Transition fund starts giving companies the money in Q2- things have never been more on EMHs side from here moving forward.
End of April (2024 lol).
Where’s the DFS? Permits? Offtakes?
Not here (again and again)?
How disappointing.
Check the link Bot....multi billion dollar business, large part owned by Gov are audited to the zenith degree...figures based on facts and audited both internally and externally....😘
Your “guess” is the kiss of death.
And another interesting TAKEAWAY from p41, if CEZ predict their CAPEX to be around the £140 million mark for both battery and lithium mining, the EMH share will be considerable less (we have no ambitions in the battery giga sector). This is a strong indication of how much they think we will receive in grants/loans from various Gov and EU platforms....👏
So, my guess 800m from outside sources, 140m CEZ, 60m EMH....HAPPY DAYS....🌞 And happy to wait.....😁
NO buyout by CEZ consistently highlighted in their presentations (see p41)
https://www.cez.cz/webpublic/file/edee/ospol/fileexport/investors/investment-stories/2024-04-investment-story-en_published.pdf
You can once again see by their forecast CAPEX of £140 million for lithium mining and battery activities 2026-30, and their specific statement 'These projects are unlikely to be fully consolidated', that CEZ have no interest in a takeover.
Would suggest this is fantastic news for anyone in this for the medium to longer term....🏆
Guys, I am 99% sure IG have made a huge mistake with that email. I have told them that, I suggest you do too.
Yep, ticking up nicely on low volume also, but good sign
Big sells in Australia Leon, you mean the huge total volume of 60k shares traded in Australia earlier? Amounting to a whopping 25k AUD value. Give it up!
Big sells in Aust I think.
Being bought up again. Panic over.. onwards!
2 working days of April left.......
Altruism?
It's not slid, so perhaps there's more news around the corner...
(only kidding before anyone starts!)
Why do you waste so much of your time bashing a share in which you are not invested? It really is none of your business
Although I am a firm believer this’ll rocket on DFS/Offtakes etc.
This week has left me very disappointed and the dec 2023 let down just feels like it’s continually being dragged along with very little transparency.
I’m intrigued to see the updated timel when it eventually drops.
For now, Lets see if May has some uplifting new inbound
That's completely irrelevant to how EMH is managed and I couldn't care less what you think about the timing of my posts. I couldn't care less about people's attempts to hurt my feelings either.
Would you like to debate EMH, or how irrelevant tech trading is with shares like this? More than happy to listen to what you have to say on these matters......
Skelly you obviously do since you are here 24/7
Facts about how dumb it would be to base your trading of small cap, low volume AIM companies using technical indicators?
I read your previous post:
"Anyone looking in, beware of users assuming to mislead you with walls of pseudofacts."
He never is, ohh aren't we all sooo happy to be surrounded by your intelligence and knowledge😀
He's not wrong...
Skelly 🤣🐿️🐿️
I was wondering how long it would take for you to start posting, do you get enough sleep?
Technical indicators used on a small cap like this with no trading volume? Are you having a laugh?