Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Today’s 2 articles are very good
The meeting on Oct 1st will set the gigafactory
And the article about CEZ/Geomet/EMH clearly state that EMH has the power to decide for the mining and bonification of Lithium.
This is all good for us IMO
As everyone here, I am disappointed by not hearing about offtakes, DFS and EIA progress, ressource assay of previous drilling.
All seems to be pending and timeline splipping by a year.
What I feel very strange is this stock not reacting to major rise of Lithium and tin price. Have a look at RK Equity’s Lithium Score board, and we are about the only share that did not progress significantly this summer.
I am under impression there are inside information we are missing and EMH/KC silence this deafening.
Still I hold by 50,000 shares purchased 6 months ago (sorry I’m late to the party) but I must admit it is not moving the way I should have with all the marker noise and the EV boom, even not considering EMH specific situation.
A tweet from EMH to confirm that
https://twitter.com/czechlithium/status/1430779065896607745?s=21
It appears Babis is braking hard and nothing happen or will happen anytime soon
I wonder if there is a time limitation of the shareholder agreement when EMH sold 51 % to CEZ, that CZ gov wait until they decide to take over EMH at ridiculously low price.
@GreenMachine You think at the opposite of a strategic moove.
Everything EU does, It does it either bad, or late and thing take age to happen.
Letting EU ruin everything is in the best interest of US, Russia and China.
UK exited and their position has strenghen a lot (investment, foreign policy, ..)
To my thinking it is in the best interrest of Czech gov to show progress on Lithium.
Skoda is Czech, CEZ is Czech, Geomet is Czech (51 % CEZ)
They can build a complete Czech line from lithiulm to battery to cars all in Czech republic.
Goos job, good profit, good European grant, Good european soft loans, good image for Czech republic
Then they can sell to other battery manufacturer or OEM and again make good profit on it for Czech Rep.
Czech is a net benificiary of european budget, so it is of their interest to keep in europe to keep the money coming.
An export tax is illegal, but a mining tax is probably legal.
So Czech gov allign with our interest that’s the main point.
Wether they are going to take EMH over … don’t know, I would have done it already if I were Czech Gov.
Today has been a low volume day until last 2 hours, and the trade on this last 2 hours have been mostly buy with good volume.
It is very encouraging for the continuation of the upward trend.
Of course a good offtake agreement would speed up things and protect us against a low sp raid.
What I am sure about is Keith has stated multiple time on publiuc interview they are considering the 50 kpa rate.
I think this doubling rate will appear either on a second or third offtake agreement when the initial PFS production will already be sold.
@tsibis, not considering shifts, what will prevent Geomet to hire more staff to mine on different side of the deposit ?
The PFS is a 20+ Years LOM about less than 10 % of the ressource and we expect the ressource to be updated.
I don’t see any problem at ramping the production to 50/75 and even to 150 ktpa by the end of the decade.
And it’s going to be very beneficial for us with a lithium price scheduled to fly very high