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So fingers, are you confirming that the rise fell again, there is no new news or new FACTS that have been released and that after years of waiting for feedback from the samples sent to potential suppliers KC has not given us anything feedback from potential offtakers, through asx or any other media source that he frequents?
Do you actually follow the news Skelly
Hard-running lithium stocks hammered on rumours of Chinese cutbacks
Why yesterday’s lithium crash doesn’t mean the price party’s over
We were loaded with 5 50 k sell orders this moring , most likely from AIM arbitrages from two days ago OZ wants to go up , London wont let us .
He did tell us samples were given out it does not warrant a rns "pointing out that samples were sent to these other offtakers years ago " Every drill hole we collect and distribute samples , normal course of business . " KC didn't even feel the need to inform us of their response, or even if they responded, or how long it might take to get a response. " not KC : ASX would find this trivial and would not allow an announcement . I think you better catch up on some of your research Skelly on the 19th of may 2012 in an announcement of lock cycle test work " As the FEED programme continues, Geomet is expected to commission testwork to confirm the optimal
production route for lithium hydroxide and to produce marketing samples for prospective offtake
partners and environmental samples to assist in permitting approvals."
I think some of the previous presentations actually gave us more information (and were then mysteriously withdrawn/removed without comment). Seems the shackles of our partnership will continue to weigh on this for some time. Can’t really see much that can be taken as an advantage as yet, but hopefully that will change. This time next year rodders etc..
Fingers, What's your opinion today of my crystal ball, false rise, share price going nowhere statement? Given that the ASX price is back where it started and no news has appeared. Or would you prefer not to acknowledge that, given that it conflicts with your bias? I see you are arguing against my statement of, no offtakes before samples next year, on the hotcopper board where I don't post. So I think it's worth pointing out that samples were sent to these other offtakers years ago and KC didn't even feel the need to inform us of their response, or even if they responded, or how long it might take to get a response.
Time to wind your neck in mate.
Stick to the facts. There aren't many of them being presented to us, and the presentations seem to be almost identical to those 5 years ago, so it shouldn't be too difficult for you.
Largest hard rock lithium deposit in Europe bla bla bla
Yes - trading bots can really leverage this sort of scenario while its more difficult for the average Joe traders (like me) !
I just noticed that 10,000,000 options/warrants are due to expire 31st December this year at an exercise price of AUD 0.25 per new Share -they were issued back in April 2020 to a consultant (believed to be European Energy and Infrastructure Group) in consideration for services (over a two year period) and particularly in relation to the subscription by CEZ for 51% of Geomet.
At such a low price they will obviously be exercised .
So they will need to sell at least 3 million shares to cover the exercise cost - hopefully they sit on the remaining 7 million shares!
On the plus side another AUD 2.5 million dollars heading for the bank - and thankfully KC hasn't been too dilutive (of our retained 49%) lol
seems to be picking up with the US open. Certainly more being traded over the last couple of days, whatever (if anything) is going on..
Shareholder frustration is beginning to boil over, with seemingly little information coming to the owners of the business...i.e. us! KC take note.
There are probably good reasons why the management is fairly quiet, but a number of shareholders have large investments here and watching other opportunities pass by while our funds are tied up is annoying. I know I have. I regret I have nothing useful to add about technical matters, although having held for so many years I am going to wait for the outcome of a decent profit which I hope will come eventually.
well said Jonesy - another large buy went through - only £10k but every little helps
Gents- can I suggest that his BB doesn’t degenerate into the EUA board which is a mud slinging fest at best. There are optimists and pessimists on here and both views are welcome. There are also some decent and learned people (I think!) - let’s keep it that way.
Nothing wrong in letting off a bit of steam now and again though…
Skelly , I do not understand where I have used slander ???? but you said :There is no point having this conversation unless you want to discuss actual information ok is this not a fact ? " We also had a huge super fund pull 10 % holding in last 9 months in Australia , pulling for sure the shares from our weaker hands , our free float here was already very low , now there is another 10 mil shares in a sticky hand . " You need to remember share price is all about supply and demand ?
I actually thought this was a fact too , but you did not answer ; "So you are categorically saying this is not going to happen ????" ???
Ok Skelly “ unless you want to discuss actual information “ I may suggest you do same rather than assuming your own outcomes .
It is EMH who indicated a delay to the DFS not me. And this is significant news but KC intimated by Jan .
It was EMH who indicated that samples would be send Q1 to potential offtakers , but KC did not say whom those offtakers may be , as far as I know could be new potentials , maybe existing offtakers in discussion have already had their samples , ever thought of that ? I know some have .
It was EMH who said the EU was very slow at coming to decisions which would influence funding , yes a learnt behavior/observation by KC but does not say a decision is not imminent or in any given time line ..
Any thing else Skelly ?
You can't win a debate fingers by picking half a statistic that suits your bias and ignoring the rest of it. I recommend you have a healthy dose of self doubt once in a while.
*didn't show
Well, for a start, the 20% rise started on asx. So I went onto hotcopper and looked at the asx.emh chart there. I zoomed out a little further that you would have liked and looked at some patterns. There was a similar rise in early August and another in mid September. Both of these did show any significant spike in volume, just like this one. Both ended up going back down. It's a pattern, just like the pattern of KC promising news and it not appearing.
Monday trade LSE , November 14, 2022 45.00 49.00 43.00 46.00 Volume 1,175,745 what volume were you reading Skelly ?
If you have such a dismal view of EMH why are you invested in it, Skelly?
As I said fingers. The "False rise" based on the CHARTS (lack of volume) and KC (lack of news). So everything clear now? Willing to acknowledge the real world information?
Agreed Mr C , we are seeing little or no trades in Germany , it was explained to me that Germans are staunch investors / holders . Aim was a sesspit of punters and rogue brokers / market makers . Oz is now influenced particularly in inliquid stocks by high frequency trading bots that can only make money to keep prices low or falsely low in order to attract trades / buys by humans . Our current trading gap between buys and sells is actually 15 cents or 8.5 p , only for the bot to fill that gap with sells in the morning . So you can see the arbitragers compete with the bots evry time there is a price disparity between AIM and ASX . This is what our sell side looks like at the moment :
1 Seller at $1.00 for 15,000 shares
1 Seller at $1.02 for 41 shares
2 Seller at $1.05 for 34,000 shares
1 Seller at $1.08 for 2,000 shares
1 Seller at $1.13 for 40,000 shares
1 Seller at $1.20 for 10,000 shares
1 Seller at $1.30 for 1,000 shares
This is what happens when you are on multiple exchanges with price disparity unfortunately...
Then how do you justify this statement Skelly " It was a false rise anyway fingers. " Don't think KC said that ?
Fingers, I also believe EMH is undervalued. That's exactly why I'm not selling any of my shares. I'm not interested in trading here. This is long term for me.
I don't have a crystal ball either. I'm basing my statement on the numbers on the charts and Keith's words, though they aren't exactly reliable. It is EMH who indicated a delay to the DFS not me. It was EMH who indicated that samples would be send Q1 to potential offtakers, for which they will need to spend months testing prior to making a decision, or why else would they need samples. It was EMH who said the EU was very slow at coming to decisions which would influence funding, not me. You are the one using a crystal ball to read between the lines and make your own assumptions. I'm using nothing more than numbers on charts and statements from EMH.
There is no point having this conversation unless you want to discuss actual information instead of using slander to put yourself on your ivory tower. You have a lot of useful information to share fingers, but please come back to the real world.
I am afraid again that you may be wrong Skelly , EMH is so undervalued , oz does not have day trading humans in amongst our sellers , Oz is completely manipulated by the bots , I have no frigging doubt . We are at the mercy of the AIM day traders and your brokers . We simply have no human sellers left here , so when there is the odd human buy , by either one or several buyers in any one day our price will rise as it did yesterday . Only to bring out AIM's arbitragers to simply shove us back , they were not Oz located sales . It is also very interesting to watch the bots out bid these arbitragers as it's AI thinks there will be a sell off , oddly enough they ( the bots ) too outbid buyers when there a more than a hand full of humans buying . I have several ( hundreds ) of screen shots proving my point and have had several discussions with our ASIC ( Securities and Investment Commission ) whom of course deny any wrong doing . I know as I have actually manipulted the bots to out bid my buys , I also know when I have had to sell a parcel how hard it is to sell due to the bot outbidding my sell price . EMH is now getting to the pointy end of its mining journey , it is normal for our price now to start ticking up particularly over the next few months . Even with the other worlds' distractions at play . You will find that although low volume in the States they tend to track our ASX price , most existing holders whom are long term are all waiting on the big pay day probably at least 5 times current price . We also had a huge super fund pull 10 % holding in last 9 months in Australia , pulling for sure the shares from our weaker hands , our free float here was already very low , now there is another 10 mil shares in a sticky hand . Basically when this has some buying our price will rise , when there is some more buying it will rise harder , when there is the eventual announcement our price will go sick .
And by the way you are now sounding like tsibis and you have a chrystal ball that no one else has "We have no significant news coming this year so the share price won't be going anywhere." lol and how do you know !!! So you are categorically saying this is not going to happen ???? " Tranche 1: on or before 31 December 2022, the Company receiving confirmation in writing in
the form of a letter or other official correspondence from the federal government of Germany
(or a department acting with delegated authority) or the Saxony regional government of
Germany that it will formally support the Cinovec Project and the supply of lithium products
from the Cinovec Project into Germany and use its best endeavours to assist the Cinovec
Project in permitting and funding, apart from other factors."
Or GEOMET will not get a status of Critical Project this side of Xmas ?
The market confidence means zero to us here . . . the EU is about to invest hundreds of Billions into the space.
Only a fool would sell & only wall street will manipulate for their own gain.
Hold the line!
Selling been disappointing to see . General market confidence low .