Member Info for antelope

I don't know anything like enough about this as perhpas I ought to... but I do understand the resulting overall process is extremely cheap and efficient. To be honest, that's all I need to know. ( I hadn't actually realised that iron was relevant :-( )

Yes, I was thinking that. Although the price at which they're being sold has dropped slightly.

a truly bizarre time to be selling. Presumably the usual AIM day by day crew who know little about what they've bought shares in and don't care. Look forward to you trying to get back in at 40.

google translates both vetšinový and majoritní as 'majority'. It cannot be trusted to interpret nuance. No one can acquire a majority stake in EMH without shareholder agreement. If we'r talking about setting up a third company, of which CEZ would own a majority and EMH a minority, whilst EMH somehow licences the mining right or something, that would be different. It's too risky relying on google to understand what's happening here.

ok, first time I've seen end march mentioned. But there's been debate about that term 'majority' and the consensus is that it means 'largest stake'. Translation issues. That one's been put to bed now.

My understanding is that CEZ have coal but no Li mining experience. But agree that there are many options possible. Good news is that it's all positive.. at least as far as I can see. If you're especially paranoid, it might be possible to imagine a bad outcome to this, but personally I think those days are behind us now.

We should find out soon. I remain highly optimistic.

fp. I agree the Czech/German thing may be a stress point... but remember that the Czech car industry is German owned...

Warren, I would say, without a moment's hesitation, that your second scenario is all but impossible. Partly because CEZ is 40% govt owned and this is how Babis gets around his big spiel to bring the communists into alliance with him. I suspect CEZ's 'due diligence' is mostly about checking EMH's PFS figures. And I suspect the process is already complete and final negotiations are underway. That's where I'd put my money on this aspect anyway.

As for the best possible outcome... my guess would be that CEZ become the largest shareholder (not majority) and together with EMH will use their cash and contacts to raise funds and maybe a mining partner to both fund the entire project, and also to push through all the various licences etc in record time. On the basis of this, evidenced by a formal agreement between EMH and CEZ, negotiations with offtakers will proceed apace. What will be interesting is the nature of the relationship between CZ and EMH - who does what and how they work together. I supose this is where there's most potential for stumbling blocks. But Keith's a shrewd mover so I reckon whatever emerges will be the best available and we'll be fine out of it.

I reckon... intermediate funding and licences in place by end february, provisional offtake agreements by end q1, mining partner by end q1 (although CEZ do have experience in this area themselves), fast track to production... (say 2022?).

.. what are A/ the best possible scenario that could emerge from the forthcoming announcement and B/ what's the worst?

(should start a spat or two, but I could use some entertainment)

Just one of those billions please. And you can have the whole shebang.

Yes, it could be good. Out with the old guard, especially McGregor, who wrecked the company. If they can raise the funds, it'll be an instantly global player, and Bushveld could be a good catalyst. Although I'm suspicious of McGregor's contacts i n South Africa. Hell of a long way to go though. 2022?

..down to people who follow charts. We bounced back down off a Fib line at 24, and we're being supported by the one below it at 22.1. All nonsense, and the only reason it happens is because the people who believe in it make it a self fulfilling prophecy. Drives me nuts.

Alright, cheers. Btw, only the first 5 levels of depth are displayed there...

Fingers, is that 60 figure at the top of the bid column some sort of bot or manipulation?

Click the '+' sign next to 'View market depth', (in orange on the right).

https://hotcopper.com.au/asx/emh/

That's an interesting link. I'd be interested to know how EMH/CEZ will feel about selling AMG raw materials.

This vid of KC talking about CEZ has probably already been posted, but I missed it. Worth reposting anyway.

https://www.youtube.com/watch?time_continue=5&v=_YpHnuw5JHs&feature=emb_logo

Oh yeah? Not actually in Nigeria by any chance are you?

Trouble is fingers, I have so far to go just to break even. But here's hoping.

Funny you mention that. My younger son is taking a year at the ANU in Canberra, and I was thinking of flying out to see him in the new year. But only if I can afford to....

Odd that no one picked up those July tweets.