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Earache,the bottom line is the mine has to get to production ASAP whilst everyone can be fairly sure the demand for lithium and will be strong.
There are thousands of jobs at stake directly and indirectly and big tax revenues.
If there is a delay demand and tax revenue becomes less clear and technology may have moved on altogether.
Time is an oppressive task master.Every business man knows this
I dont see how you can say CEZ bring nothing ?
Do you see banks and venture capitalists queue up to finance AIM junior miners ?
Answer on a postcard.
Same applies to Ganfeng and BCN -- people moan this is a bad deal too...
earache - do you still hold EMH shares now ?
Slight correction his loan CDI's have a higher exercise price of 72.5c AUD - so even more worthless. In total of the 25m shares issued in the last 3 years mentioned, 3m of these are worthless loan CDI's spread between directors and advisors
Thought your numbers looked a bit harsh Earache, not having a go but just to correct the sums from yesterday:
Yes Keith currently owns 6.38%... if you include the 850,000 loan CDI's that he was issued last year under the management incentive plan. But my understanding is these are similar to call options with an exercise price of 48c AUD - so worthless right now.
To compare like with like, he has 8.5m ordinary shares which gives 5.8% ownership, down from 7% at July 2016 when he also held 8.5m shares. Don't know where you were getting 10% from - but open to correction.
Anyway, in that time the company only issued 25m shares (over 3 years!!). Big whoop. In context the company issued 46m shares between July '15 and July '16.
I’ve been personally involved in deals where upfront payments are made in order for a company to do (A). Due Diligence & (B). To secure the rights to purchase or if you like to get First Refusal ... Upfront payments are not paid in order to Shaft The Seller / Partner and sorry but it’s absolutely Ridiculous & Insane To Say otherwise, I can also assure you on both occasions I have had experience in, I actually received a far greater price than originally discussed as a result of Due Diligence & because legally Fair Value had to be applied.
I too have been invested here for a long time and I too have come across companies on AIM that have gone Tits Up lol lol lol but you can’t keep comparing other companies to EMH, all of these companies have there own problems and EMH have successfully overcome many obstacles already, Keith knows what he is dealing with and the best course of action to take.
We are dealing with a member of the EU
Australia has a Treaty with Czech
1.Cinovec is THE LARGEST LITHIUM deposit in Europe,
2.Cinovec is the Fourth LARGEST non-brine deposit in The WORLD.
3.Cinovec is centrally located for European end-users and is well serviced by infrastructure.
4. A GLOBALLY Significant Tin Resource.
5. Significant Hydroxide Results Achieved.
Cinovec is ideally suited to supply the RIGHT PRODUCT at the RIGHT TIME into the growing European battery market, RIGHT PLACE.
WHIreland - Fair Value 68p
Shard Capital - Fair Value 76p
The average operating cost for the Cinovec Project is $3,435 per tonne of lithium hydroxide after by- product credits. One of THE LOWEST in this sector!!!
Shard Capital has over £1bn in assets under management and administration, and a team of over 70 professionals including a number of award-winning fund managers......
But our resident skewed negative posting Earache would have us all believe that his opinions are in some way factual yet he produces no facts, because he says x y z happened to another company does not make it a forgone that it will happen to EMH, far from it, it is more probable that the same Would Not happen.
Ask yourself a simple question
Do you believe a respected company with over £1bn in assets & a team of 70 professionals including award-winning fund managers or do you believe Earache who says he is invested lol lol yet continually shouts his investment down ??? Fantastic Strategy To Make Money lol lol
I know who I believe
Finally, these Fair Value reports are done for exactly the situation we are now in, they give a firm base from which to Negotiate.
An Absolute Bargain Entry Level
In It To Win It ..... Snooze You Lose
There is some merit in what Earache says I wouldnt be completely dismissive. I have been in an AIM miner that was forced into admin by cash starvation and then the assets immediately taken over. It was admittedly in Africa.
We need more news now otherwise this will continue to bleed price and cash.
I am a very LTH in EMH and remember when it was 80p+...
In addition to this I would hope that KC's background in funding could help with negotiations and also his 'skin in the game' to get the best deal possible.
Not all doom and gloom tsibis - look at Bacanora. They gave up 30% of Bacanora and 22.5% of the holding company ie. the equivalent of our Geomet holding company. And they got all that at VWAP of 25c, no discount. Their share price nearly doubled on the news.
Although it has fizzled back a bit for now, only good things are coming for them down the line. Reduction in capex through the expertise of Ganfeng giving a higher project NPV, a debt facility to support the construction costs at a reasonable interest rate, offtake box ticked and rising prices for lithium by the time production starts.
So yes there will be dilution, that is the nature of the game. But the offsetting benefits (should) far outweigh it.
subject to shareholder approval I think.
Sometimes I wonder if you live in LaLa land. CEZ will pay the current price and will get shares issued at the current price. If you dream that Cez will get their share at 60 or 70p you are dreaming. And keep in mind, the same as you have to be in it to win it the same applies also you have to be in it to lose it. And I am not interested at any kind of purporting any kind of wisdom. I couldn't give a rat's what you or anyone else thinks. I am realistic, simple as that. Now you keep posting about who they are going to call and bull like that and when it will hit you you will probably be calling the doctor.........
Perennial pessimism is the easiest way to purport to having wisdom about a stock but it ain’t the way to make money. You have to be In It To Win It.
CEZ will have to pay Fair Value tsibis ..... unless of course you have some secret information or insider knowledge? And Fair Value currently stands at 68p - 75p
This baby is going to fly and Fly High
As I previously said, CEZ will get a big chunk of EMH at a ridiculous price and we will have massive dilution because of that low price of ours. Sadly that's the case. And we come to the point that we should pray for Cez to go through with the purchase otherwise i can assure you more than anything that we will go under 5p. It's not that far from where we stand now. Sorry if I spoil your dreams here, Including mine, but at some point we have to be able to distinguish between reality and expectations.
this is becoming rather frustrating, not too much longer hopefully
there it bl@@dy moves when you say some thing lol S@ds law . but some big buys and yes some round numbered sells whos selling and who picking them up?
When we have a good day of buying over selling we stay put and when it selling over buying we stay put, anyone got any ideas as to why?there should be some movement .