Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I've been here a long time Lorcanf. But my holding was a fraction of what it once was because I keep having to draw down, and I've just run out of patience with it. Good luck to you too. It'll come right eventually, and I may well be back in September.
Or in Germany, where I buy. Not that I'm meaning to plug them, but you did ask. https://www.wallstreet-online.de/aktien/wyld-networks-aktie/kurse
They're on the Northern Nasdaq, listed in Sweden. https://wyldnetworks.com/
Afraid I'm out chaps. Fed up with having no idea what's going on. Might come back in Aug or Sept in anticipation of the DFS. Bit of a gamble I know but put the funds into WYLD instead which I think has more knowns and a decent chance of a rise by sept.
Very different from CMRS' area then. What does he know that we don't?
"people who just want a quick buck"
I hope you're not referring to me. I've been here since 2015. And I have no income so have to keep reducing my holding by drawing down, which is why I'm stressed at the information vacuum and years of misleading statements.
So the latest is sept/oct. So no significant action for another six months then.
"This is the second presentation from CEZ in 5 Months that specifically state 'These projects are
unlikely to be fully consolidated'"
ie They're presenting consolidated figures from a CEZ group perspective, but the actual business operations are likely to remain in stovepiped subsidiary companies.
No?
" Why wouldn’t CEZ want to mine? They already have their own coal mining operations."
I have a strong memory of this being discussed three or four years ago, where CEZ were reported as saying they didn't want to get into lithium mining... they know nothing about it and they want to become more of a power utility with renewables related diversification, including a gigafactory. But I could be wrong. Although given the emerging hunger amongst mining majors for lithium resources, I can see CEZ partnering and leaving the mining to the specialists.
If CEZ are willing to take over and implement the mining and processing then that would certainly make the situation easier to predict. What became of that investigation of a cement manufacturing process fr use as part of the lithium refining process?
Well my take.. and I freely admit I don't know enough to justify an opinion...
A/ VW won't buy us out (nor will any other auto) because they don't want 49% of a resource in partnership with someone who doesn't want to mine it.
B/ A mining major may be reluctant as again, it's a minority stake. Depends on a deal with CEZ, which would have to be worked out in advance of any bid.
C/ If CEZ buy us out, they then have to formulate some complex deal with a mining major but will also want an auto, preferably VW as they're already in the CR, to buy in. Its becoming clear that autos want to buy into resources too.
D/ A CEZ buy out won't happen unless they know they can do a deal with a mining major, because CEZ don't want to mine.
E/ A mining major would be reluctant to join into such a deal in the absence of a DFS.
F/ If CEZ intend to go this way, why have they not already bought us? Maybe because they too have to wait for the DFS before fair value can be ascertained? Or does that date of 28th April when shares become 'unlocked' say that they haven't been able to move up to now but will do so then?
G/ Assuming that CEZ and a mining major do a deal, that still leaves CEZ's desire for an auto (VW) to be on board. So, if VW take 10% the remaining 90% needs to be split between CEZ and the miner.
Conclusion: Whatever plans anyone has in mind - and any scenario involves complicated tripartite negotiations - it all may depend upon the DFS (28th April being the caveat?), because that will be where the evidence of true value lies. CEZ may know what's there but anyone buying in will want more than their word on it. Consequently, we have to wait for the DFS before any corporate action.
I need to repeat a question.... perhaps I wasn't clear enough earlier... given that it's pretty much a certainty that we'll be bought out rather then go to production, what do you think the odds are that we'd be bought out before the DFS is released?
"Meanwhile, the US has – as widely expected – extended its Inflation Reduction Act to include the European Union."
To answer an earlier question, this is why Tesla will indeed be welcome to use Cinovec ore, assuming of course that the CR gov isn't indeed 'saving' it for VW/Skoda. And Tesla are about to double capacity.