Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Thank you Wise, good info
No the £3.74 at 22 is not going to make the sp fall back LOL just calm down dont worry 😄😄
Mindless negativey as always - nothing in a straight line, can loose some weak hands and I plan to buy more next week
https://www.cnn.com/2024/04/30/business/volkswagen-evs-orders-surge-europe/index.html
Geomet will now proceed to finalise the DFS process taking into account the new site, including the revised capex from the new site.
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.
Half the banks price while most unaware how close the grant is - others will be buying after it at double the price for DFS Offtake that follows
Still accumulating and holding before the near term lights while others speculate
Ps - you guys would do better on the Cornish metals group of the Znwd Bb who are both actually still a long way away from DFS or production
Thanks ghin
I’m Just staying with the level head today.
Yes it’s the best Li prospect in the EH by a very very long way.
We just have to be patient based on current delays news
I bet those poor souls that bought in last week would rather forget their decisions.
Anyway…no inking…no nothing just hot air to pump the ballon up only to see it all escape.
BCN.
Thanks to all that responded.
I like to hear all views - and, as ever, one then has to discern wheat from chaff!
Anything too positive or too negative is always a bit suss, imho
Careful HappyLiUK, this mature, sensible talk can easily put you in the basher basket. The la-la police only allows rampart ramping now.
I want this to multi-bag as much as the next person, it’s why I’ve been here buying in/out for 5+ years.
Yes we know:
Biggest EU mine
Best located strategically for EU
Best Li quality %
Will be first critical EU project to get an offtake
The list of physical positives is second to none.
What is our issue as P.Is is time/schedule
So Please people on here stating it’ll make 100’s of millions in 2026……
We are not producing 30,000 tons in 2026, especially not 60,000 as was tagged onto that.
It’s now Q2 2024, we’ve just announced we are moving.
-Basis of FEED will not change “too drastically”, but it will have schedule impact.
-Detailed-Design will be impacted far more.
-ground works / clearing obviously can begin.
-decommissioning of former site will now have additional scope due to new facility build (the board should be more transparent about that)
-actual construction of a plant (mechanical completion - maybe finished 2026 )
-Commissioning & ready for ops is a different game & where projects see highest % of schedule slippage.
CRMA as clearly stated by the EU will be finished for end of Q4 2024 (link was in a post on this very board this week).
Don’t see any issue there but people are talking on here like it’s next month.
I still maintain strong investment if you’ve patience like me & can buy on these regular 10% swings
Investors need current facts,
Https://www.womblebonddickinson.com/us/insights/articles-and-briefings/accelerating-eu-mineral-permitting-critical-raw-materials-act
CMRA article from yesterday.
Permitting and the European Critical Raw Materials Act
The European Union's Critical Raw Materials Act (CRMA) has now been formally adopted and will shortly enter into force. This is a significant development for the Project in several ways. The CRMA will legislate for shorter and simplified permitting processes for European critical raw materials extraction projects.
In addition, the CRMA will provide the framework for the designation by the European Commission and Member States of projects deemed "Strategic Projects". Such designated projects will receive political and financial support to enable the projects to reach production in the shortest timeframes possible, contributing to the fulfilment of the green transition and affording the European Union a degree of critical raw materials independence.
As Europe's largest hard-rock lithium mining and processing project, the Cinovec Project is applying for and is expected to receive Strategic Project designation under the CRMA. The Project has already been granted Strategic Process status under the EU's Just Transition Fund.
Have a good day
Leon why didn't they use a condom? FFS.
Yes there has been more BUYS lately, things are hotting up 🔥
Ahh the daily resident gloom n doom gang has arrived early this morning, chillax 😄
Apologies AMTE
I hope no one listened to the ramping for AMPE.
No news - incessant ramping to drag the punters in but the SP is falling back on no news and another year in he wilderness.
BCN.
This is holding up so well. Any little bits if weakness have been snapped up for the whole of April. I expecting 30p plus before next news.. and that might not be far away
Been well before the daily drivel.
70% government owned CEZ*
49mil million current valuation*
Hi all, hope everyone's well
For me, in the last 2 RNSs we had confirmation the company has cash for at least 12 the next months - Final investment decision comes after DFS) which is being Finalised... And the big one is we have local and regional government support - this is massive for EMH
The Grant only gets closer - aswell as the CMRA announcing the strategic mining projects.
The Grant I have keith saying twice they have received it
https://youtu.be/3Tl6Q4-5EOo?si=YW91Dtx6qAlOvPuU
3.33
https://youtu.be/QeLlbp1vzI8?si=CBcLhkYE9bJvGHP7
4.56
Czech Republic is coal+ region. It's EMH but it's 79% gov CEZ recieving a non dilutive cash grant to help support there phase away from coal into clean jobs - and building a major mine that will support the country and government building the economy.
And strategic Status - Cinovec is the largest lithium deposit in Europe - throw the 8bn gigafactory into the mix..
Strong buy hold while equal value to the Grant and half the banks price and no signs of red lights coming before all the greens over May June and then beyond.
Sikela also revealed in November that Czechia is in discussion with five other potential EV plant investors “from other continents”. Fiala said, “the gigafactory project is a strategic government priority, and it is in our interest to have the entire chain from lithium mining through the gigafactory, i.e. battery production, to the final products in Czechia.”
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 European investment bank is smarter and more successful the bashers who waste there time - there better of just buying and pointing t out the dots - I'm investing in Cinovec when it worth 40 mil with a low risk path to producing 100s of million a year profit in 2026 from 30,000 tpa and hearing more about the increase to 60,000. Buy hold sit back imho
Night
Until the decision was final, Geomet must have continued with the original site. I'm just saying, Q1 was a lie. KC must have been pretty sure it won't come when that came out.
Not really, because if DRA already worked with that, KC is due for handcuffs, without exaggeration.
' the site change decision must have been in the works for much longer than last December'
Thanks ghin, you have helped in making my point of DFS in Q2.....🚀
Also, yet another new handle, Patient1. It's far you again, fingers? :)
Except, the CEO is a serial liar on record. I'm not going back to the ominous 'inking' of offtakes years ago, always just a few months out, until the story changed as people can argue about that (in isolation, not as a pattern with regards to everything else he has lied about - the best defence then is total incompetence, which isn't great, right?).
No, let's just go back to the last couple of DFS delays, with the December announcement titled 'DFS release in Q1'. The CEO must have been in full knowledge that was not going to happen, the site change decision must have been in the works for much longer than last December.
In response to @daveri007 post 15:15: The problem with directors informing the market when the DFS is expected or anticipated is that it becomes a deadline or a promise in some eyes, with the result that if for any reason it is not met, the CEO is lambasted with insults and accused of being a serial liar. I can understand the frustration that this investment is taking a long time to come to fruition and I imagine that the board are just as disappointed as many investors are. However, the reasons for investing now are just as valid as they were several years ago and I have full confidence in Mr C and believe that he and the board have steered the company well through a very difficult investment environment. If I didn't believe this I would not still be invested here.