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How can we tell if the Yanks are buying?
Here we go…
I doubt the MMs in the US will buy from ASX it’s very illiquid. London is more likely IMO.
If you want 5000 ADR’s it takes 100000 CDI’s from one of the exchanges. Any demand will escalate the SP.
There appears to be some initial interest. 77p.
Yes it is LLInv
We all need to place some buy orders with our international accounts so the market makers in USA have to source shares from the other exchanges , ideally there wont be any sales orders as it is a new ticker , if we are lucky enough we can get some market makers to compete with each other to buy the shares on AIM and ASX .
Hmm... Original RNS stated "EMH and Deutsche Bank establishing a sponsored Level 1 ADS program with each ADS representing 20 ordinary EMH shares" so, and I'm very likely taking this too literally, does that mean each "share" on the OTC is worth 20x of what the current listed price is so 75p x 20 = £15 converted to USD is $20.72.
I'm honestly have no idea how this works, but it's fun to speculate ahead of the opening bell!
likewise... I wonder if there will be a difference in SP thats worth trading? as some have done with the other US EMH otc shares?
Curious what everyone's thoughts are on an opening price? Is there a calculation based on shares available, market cap etc. or a raw currency conversion from another exchange e.g. ASX?
A little under 2 hours and we'll find out, just wondering how it works really.
Lets see if there are any new buyers at opening bell....... fingers crossed.
I wonder How much of the remaining % EMH will have to find? Grants amounting to what? and of course those loans too. ii investor from the USA knocking on the door maybe?
I would modify my poast .. statement from Minister said "We would pay 40% " meaning ..
Czech Goverment and CEZ
After the MOU ... the minister stated on the news channel that he saw 40% funding from the Czech Goverment and 60% coming from Europe.
I'm getting the feeling things are about to fall into place...its been a long time coming......
Great info and great news. Looks like the US listing timing was pre-planned....
indeed saves a lot or guessing
Many thanks for the translation . Most useful indeed.
EMH tweet
https://twitter.com/CzechLithium/status/1419969122985672712?s=20
Live in Czech and wife is Czech. Listened and this is a summary for EMH Holders
Cez stated they have been in cooperation with Geomet for a while now.
Minister stated the 50 Billion Czech Crowns support and that upto 5 International Partners ... mentioned VW and LG.
Minister also mentioned Skoda and that they want to be 70% EV by 2025.
Minister stated that there needed to be infrastructure work . Cez stated that have land for Giga Factory
Minister stated that there could well be two Giga Factories in Czech and that they will need to provide rapid train link infrastructure to Dresden.
Cez stated initial production to align with 2025 VISION of Skoda etc and they see the mine and Giga Factory to be developed together. So Giga Factory is not built with no Lithium. Stated they have clear time table for development.
Cez stated 2025 with mining production and by 2028 at full production.
Thanks Kirk
Can any of the Czech speakers give us a overview of what's been said?
Quote " @SkupinaCEZ
will provide land, energy supplies and will be one of the investors."
Presumably this isn't a CEZ solo operation. Who else is involved?
https://www.youtube.com/watch?v=642eFwaJXqU&ab_channel=Ministerstvopr%C5%AFmysluaobchodu%C4%8CR
Already done .
Have a check on twitter keep an ear out
More from 10.00 will be heard today at
@mpo_tweetuje
. We will sign a memorandum with
@SkupinaCEZ
Bring on the US marketing campaign!
the shares for the US NASDAQ will be taken if need be from ALL markets EMH trade on , so we could see a tightening here and in ASX when it comes to trading ONCE fully up and running of course.