The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Asx usually runs higher than u.k.
Not always but usually this project for the time given to progress should be £1+ and flying now we could get a plethora of announcements which I hope we do but that just may not be enough to takes us up towards there .
Although rode all the way from 9p to there before and hope for again
“Of course it's risky. That's the whole point in investing in small market cap AIM shares. Bigger risks equal bigger reward. Why don't you go invest in Apple or Facebook mate. You're in the game.“
OMG. WiseOwl is hilarious.
He thinks the drop in the share price from before Christmas is because of me and nothing to do with the EMH management of the asset and their communication with shareholders.
You've done nothing there but indicate your words are as meaningless as KCs.
Maybe you are KC?????
The "mindless bashers" wouldn't have anything to respond. They are most likely irritated by the continuous blue sky reports by the positive-brigade amid the continuous lack of progress and associated share price decline in a trend than basically goes back years now, on the back of factual lies of the CEO. So, just maybe, don't vomit the board full of thinly veiled out-of-ass investment advice and then you won't get responses that upset your tummy.
Wise, if you are referring to me, then I think you are misunderstanding me. I am a holder, a very frustrated holder. I am not doubting the asset or demand for lithium, that is obvious. I am frustrated by the management of EMH. Maybe Keith has been unlucky with events but he is exec chairman and so the buck stops with him. I think had this delay been the first one then fair enough but this is one of a long list of delays and promises that have not come to fruition. Maybe with a different executive chairman we would be in the same position, maybe not. But right or wrong Keith has accountability for where we are!
You think you'd be telling the mindless bashers to calm down if you were holding.
There's about 3 posters here all working together to try to get the SP down - your pay double if a grant lands shortly
Closed at 14.47 equivalent in Australia 7%+ up
Take a chill pill "wise". This ramping is getting senseless - how much do you think PIs with serious cash at hand trust a board where 8/10 posts are from the same lunatic?
The current price is a opportunity for those well researched. Ignore the bashers clearly seeking to cause FOD
Https://www.linkedin.com/posts/benchmark-mineral-intelligence_chinese-lithium-prices-climb-higher-in-early-activity-7178752663583346688-H3e4?utm_source=share&utm_medium=member_android
Were highly profitable on the floor and ceiling price being negotiated with offtake partners
29,000 tonnes per annum - even at 17,000 is over 200million profit
Lithium sentiment and prices have been turning back up for sometime now and many credible sources on battery lithium surgest stable higher prices throughout 2024.
The demand is going nowhere. Down 55% since December on fear,uncertainty and impatient. For oversold and no realized value currently in the SP
Your negative opinion posted daily is likely the reason it's more than a 100% rise back to where we were in December - bringing some of the largest mines in the world online takes time - especially in the environment were in.
I prefer to follow the smart patient money like the multi million pound purchases below. They are holding for funding and will make millions once it's in.
https://www.lse.co.uk/rns/ebrd-strategic-investment-in-emh-2lb5dkczzbh7j7n.html
https://www.lse.co.uk/rns/tr-1-notification-of-major-holdings-vp1uvz09vo52fe9.html
Small extension on DFS - in Keiths words offtake partnerships are looking to come to fruition along side the DFS. Near a 5 year low? Already far over sold and far off snh realized asset value. How many companies have a sub 30mil mcap with a circa 2bn NPV - fundamentally undervalued
Looking to put a chunk in the new April isa
Last food for though - put this next to the PM visit to cinovec RNS posted yesterday
The first call for grant applications under the JTF opened on 14 November 2022 and closes on 31 December 2023.
Given the total amount which may be applied for by the eleven designated Strategic Projects in the Usti region in the first call is CZK 8.3B (approx €350M) and that the funds allocated in this first call from the Just Transition Fund to these Strategic Projects totals CZK7.3B (approx €300M), although there can be no certainty, the Company is confident that Cinovec will receive a significant portion of the funds applied for from the JTF for the Project.
The maximum funding to be made available upon application to each Strategic Project in the Usti Region is CZK 1.2bn (approx €49M). The Cinovec Project has been allocated the maximum possible JTF grant of CZK 1.2B (approx €49M), subject to passing through the application process, funds remaining available and obtaining the necessary permits for the early-stage Cinovec work programmes to which this grant funding is planned to be applied to, in particular the early full development of the twin decline entry/egress system for the mine.
Accordingly, Geomet s.r.o (the Cinovec project company) will apply for JTF Grant funding for the maximum amount of CZK 1.2B (approx €49M).
Executive Chairman Keith Coughlan said:
"I am very pleased that the European Union via the Just Transition Fund has approved the Cinovec Project as a Strategic Project for the Usti Region of the Czech Republic. This approval provides further evidence of strong support from the Czech Government and the European Union and the Europe-wide recognition of the critical part which the Cinovec Project will play in enabling the EU to reach its stated goals of lithium self-sufficiency by 2030.
For those still in touch with reality.
I just want to clarify that I am not a deramper.
I am measly pointing out the historical facts associated with how the management of EMH have dealt with this deposit and how their behaviour is consistent and predictable. If you read through my posts over the last 4 months you'll even see how those predictions once again became a reality.
It's those patterns that now drive the price of EMH and no amount of Macro economics will chamge it.
The price will fall until their are results. It's really that simple now.
I also watched a very interesting video yesterday from a battery chemist in Germany. For those proficient in the German language, here's the link:
https://www.youtube.com/watch?v=xbT2QvSLjIw
Perhaps the whole thing could also be subtitled.
The video primarily revolves around statements regarding lithium supply. A few of them are that the competition from sodium batteries is not in question, and lithium is the battery chemical that produces the best batteries.
Furthermore, for reasons unknown, Germany has sold its lithium exploration rights abroad, meaning they are now very eager to obtain the substance. Germany itself is one of the richest lithium countries in Europe, which I didn't know. However, mining here is almost impossible to enforce.
I believe that there could still be a lithium surplus for a few years under certain circumstances, as he mentioned, but from 2030 onwards, we can only cover a maximum of 10% of the demand with current imports. Therefore, the European region must become independent and establish a lithium processing industry.
The video is very interesting, and for those interested, they could see if there are translation options available.
Morning - nice to see the ASX close at 7% up at a 14.47 equivalent
So. Noted that this board has a few very persistent bashers trying to cause fear, uncertainty and doubt. But to remind ourselves what were actually investing in. Cinovec is the largest lithium deposit in Europe and projects this size take time.
· Annual production of battery grade lithium hydroxide monohydrate modelled to increase from 25,267 tpa to 29,386 tpa, an increase of 16%.
· NPV8 (post tax) increases from US$1.108B to US$1.938B, an increase of 74.9%, based upon a lithiumhydroxide price of USD17,000 per tonne.
· Post tax IRR of 36.3% and a payback period of 2.5 years from the commencement of production.
· Up-front capital cost due to backfilling plant and additional capital costs to produce 29,386 tpa lithium hydroxide increased to US$644m.
· This 2022 PFS Update assumes the life of mine extraction of 13.1% of the Measured and Indicated JORC Resources at Cinovec.
· Use of tailings for backfill will result in a far smaller environmental impact, further enhancing the Project's already strong ESG credentials.
ZNWD have a few years and alot of work just catch up to where we are - are worth more, will produce less, from a smaller resource. Stop dramatizing this final extension.
For anyone who hasn't listened
Interviewer - "Partnership/offtake - we've spoken about Partnership offtake atlength for long period of time - how confident are you this particular agreement will drop in the near future?"
Keith "It's a juggle because of the macro factors, but as iv always said, we do want a partnership agreement. This is not a customer sort of arrangement, and the other parties want this as well. So this is a long-term partnership with exactly the right sort of people we want to be selling our product to. Other factors come into that conversation - 3rd party factors funding, EU grants and this sort of thing, but its the key factor for us now to bring it to fruition as we reach the end of the DFS and like i say its something im giving my full attention too."
This review process could significantly improve the economic and social/community outcomes. Geomet considers this to be an important development in the Project and makes a further delay in the DFS well justified.