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https://www.reuters.com/business/sustainable-business/czech-government-cez-sign-memorandum-ev-battery-plant-ctk-2021-07-26/

Thanks GM

US Listing.

I admit I don't actually understand this. What's ADS? Not been keeping up. Sorry.

https://twitter.com/HC_Haplo/status/1419225785227825156?s=20

This very interesting article helps to show just how complicated this situation, and the associated negotiations, are.

Yes I'm also pretty much out of patience. Opportunity costs all over the place. And if I read any more BS about kippers and rum I'll commit hari kiri. They're out of the FSP now, so are not constrained and owe us information.

But we're covered anyway: "....subject to any applicable regulatory approvals required at such time, including shareholder approval."

RP, Why are you going over this stuff again? We discussed all this years ago. Write to Keith about it if you have doubts. He's really good at answering emails.

Even the CEZ subsidiary that owns the share of Geomet doesn't mention it on their website. They're a coal miner. https://www.sdas.cz/

And yet EMH has a spanking new website that shouts it out.

We're being left to get on with the practical side of mining and production folks, while CEZ supply sales. That's my guess.

EMH is the public, and market, face of Geomet. Perhaps this is also why CEZ aren't making a noise about their part ownership. To them, it's merely a convenient tool for levering themselves into gigafactory projects. They sell Geomet's Lithium, get to own chunks of gigafactories al over the place, which is their main objective, and leave the hard work of running Geomet and the mining to EMH.

Berwilliant innit? :-)

And we don't care 'cos as long as Geomet is making money, so are we.

So VW give CEZ 10% of the factory in return for a guaranteed supply of Li. Which may be why CEZ feel able to simultaneously talk JVs with Inobat. They're making money from batteries without having to worry about developing tech, whilst simultaneously making money thorough Geomet.

Whoa there.. people are getting carried away. Have you seen the size and complexity of the CEZ Group?

https://www.cez.cz/en/cez-group/cez-group

Why are you assuming that the presentation must contain details about the activities of just one subsidiary of the CEZ Group?

Remember, their part of Geomet is owned through a subsidiary. I forget its name for the moment.

I like the fact that EMH have a bright new, sexy website, and I like the list of directors and non-execs. The fact that CEZ are not making a big noise in this presentation suggests, doesn't it, that EMH are taking the management lead. And I'll bet a lot is going on in the background in terms of discussions with VW. They've even gone quiet on Li sourcing themselves.

Arnaud, I agree however that info is late.

I'm sure that CEZ regard Cinovec/Geomet as hugely important. Where else can they get the lithium to back their ambitions in battery gigafactory and energy storage projects? And I'm also sure that EMH too are seeking offtake agreements. The two companies will be working in tandem....

"Hi Mr CEZ, we're close to signing up X"
"Great, well we almost have Y, and also Z is a possible. We should definitely build a tripling of production into the DFS rather than just doubling."
"if we could get the govt go-ahead for that"
"Don't worry too much about that."

I hope I'm not being too optimistic, but I suspect this approximates the reality. I hope it does.

WV, all stocks move up and down within a range. It's driven by traders. In this case it's also driven by recent large stockmarket falls. Don't imagine that your post made it happen. If only it were that easy.

I honestly believe this is a red herring. And it's an unnecessary distraction to bring it up and suggest there's an issue here. It risks putting people off for no reason. Through their 70% stake in CEZ, the Gov now owns the majority stake in Geomet - Babis can point this out, and if the original intention was as malign as some suggest, they could have taken more than they did. Babis' political status is not as it was in the last election and in fact his party is currently in the lead I believe. So he has no need to enlist the support of the communists, which was why he had to threaten in the way that he previously did in order to win their backing. The Cinovec project, and it's owners and stakeholders, are now on the EU's radar, and there will be applications to the EU for funding. And untoward shenanigans will be instantly obvious to people that Babis will not want to offend. Finally, Babis is a businessman, and I actually don't think he genuinely objects to EMH ownership at all... it's merely political posturing and always has been. As for other parties winning the election - and it doesn't look as though they're going to - the only threat from that direction is a possible raising of taxes on mining profits. But they're historically low where they are, and with Li and Tin prices where they are, we could afford that anyway.. plus taxes would affect CEZ as much as us.

This whole subject was a storm that happened years ago. There's no reason to bring it up now. Everything is completely different now. Back then, we owned all of a massive, national resource. The case against that was easy to make. Now there isn't a case. So why scaremonger? Let's just drop he subject. It's pointless.

I think we'll recover from here. (off the purple line):

https://www.screencast.com/t/fxp8syL2

Sorry, replied to the wrong thread by mistake

Isn't it odd that VUL's share price seems to be falling?