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Interesting that there’s still very little interest in buying these though. It says a lot about how many times promises have fallen through.

I wonder if the only thing which will really make any difference here is when processed lithium is being sold.

Keith keeps reiterating the same timescales in recent interview:

- DFS before end of year

- Test results before DFS

- First (cornerstone) offtake before DFS

I think it's all on the line now in terms of credibility - granted, he's already taken the P*** with previous claims of progress, but hopefully this time it'll finally be pushed along by those with the means (CEZ), and the right sway (government).

I’ve been adding, but all reported as sells. Seems like bargain basement prices at the moment!

I'm hoping it stays lower for a while longer so I can add a few more, may go lower, who knows, but seems a decent price for relatively low risk

I'm sure everything's fine in Keith's alternative reality

It's not, it's just LSE getting it wrong

Spike to 80p, then a slow drag back down to c. 40p (DFS only). Offtake - depend on terms. Logic would say if decent we ought to see new highs, but reality often has a different take

Yes. I understand that, but the repeatedly missed self set timescales are an issue here

In his defence, he's been more on the money with timescales than anyone else has.

I wasn't expecting 7 years ago to have to wait this long only to find out that mining is likely still a distant possibility, not a near term reality.

Character destroying more like. For Keith.

How can he continue to get it so wrong every time. Perhaps in future think of a sensible timescale, then double it, then double again, then add a year for good measure?

Agree - ready market for product, existing mine. What’s taking so long????

To do with the environmental assessment I think:

'The public, concerned authorities and affected territorial self-governing units can send theirs

statement on the notification according to § 14 paragraph 2 of the Act to the competent authority, which is the Ministry

of the environment, Department of Environmental Impact Assessment and Integrated Prevention, Vršovická

1442/65, 100 10 Prague 10 (ISDS: 9gsaax4), no later than 30 days from the date of publication of the information

about the announcement on the official notice board of the Ústí Region (i.e. until 8 November 2023).

In the statement, it is necessary to indicate whether, in your opinion, the Czech Republic should apply for

carrying out an interstate assessment of the effects of the project in question (whether it is a project which

may have a serious effect on the environment of the Czech Republic) and also the reasons for this procedure.

In the positive case, it is necessary to indicate what information and data are required in the others

to supplement or provide stages of the environmental impact assessment process. It is also convenient

provide information about the state of the environment in the area that will be affected by the plan, and what it is like

way it should be affected by the intention.'

Doesn't explain the missing test results/offtakes/financing, etc. etc.

He'd be better not to give any information in these interview eh!

From 2 years ago (investor presentation):

In progress:

- Progress strategic partner discussions – in active discussions with leading global (batteries/autos).

- Progress EIAs and permitting for mining and processing.

- Complete Flowsheet optimisation testwork in FECAB and LCP

- DFS and Front-End Engineering Design (FEED)

- FEED programme to produce marketing samples.

and from 6 years ago:

DRILL HIGH GRADE ZONES

PERMITTING –

PILOT PLANT MINING & TARGET

TESTWORK CONSTRUCTION EU GRANTS

MINE PLANNING

COMMENCE ENVIRONMENTAL WORK – EIA

STRATEGIC PARTNERS DISCUSSIONS

COMPLETE

DEFINITIVE FEASIBILITY STUDY 2018!

Hilarious slippage there. At this rate the world won't need lithium anymore by the time they pull their fingers out and mine any.

Good news - still a lot to be delivered on before the end of the year though, and no excitement feeding through to the SP as yet!

Isn’t rather!

He does have a point though. Most of us who were invested near the start of this will remember well that we should (on original timescales) have been producing lithium by now.

Covid/Babis/war aside, there’s taking your time, and there’s dragging your heels. This has been feeling more like the latter, but as with others, I’m very much hoping this is another case of crying wolf (or whatever the opposite is).

25 year lead in at this rate!

Even more reasons to get a shift on...

https://www.theguardian.com/business/2023/sep/04/china-europe-electric-car-market-uk-sales-mg-tesla

Given that, along with many others invested here, i've been waiting patiently for something significantly positive to happen for the last 7 or so years, I'm equally disappointed at the timescales. That said, there is so much promised for Q4 of this year, and no further delay excuses that I can see (covid has happened, the war is, whilst terrible, ongoing), so I hope that we'll start to see some actual results, and some reflection of increased ambition for the project reflected in the market cap.

I think the minimal demand is a summer thing - having witnessed plenty of cycles, it always seems slower at this time of year.