Member Info for Ctw2014

Has anyone here actually made a formal complaint to the regulator?

I am with II. Apparently they are still “verifying the details of the offer” so at this stage I am not in a position to accept it, always assuming I wanted to.

Thanks for posting the further details LukasK and Rpks. I was able to open the pdf, just not translate it. Even without translation it is clear that a lot of work has gone into producing this very detailed document and it is hard to believe that all this effort would be expended unless there was a high degree of certainty that the project would eventually go ahead. One thing that was striking from the illustrations was the apparent scale and prominence of the towers running through the forest. I can see considerable objection to that on environmental grounds, so it is reassuring that they are also considering lower towers running through a forest clearing or channel. That seems the obvious route to take and I imagine the cost of clearing the route would be overset by the lower cost of smaller towers.

LukasK/Rpks

Yes thanks to you both for posting. I can’t translate the PDFs on the portal unfortunately, but it is great to see such detailed plans submitted. It would be even better if EMH would put out an update RNS highlighting this. That might just give the share price a boost but I guess if they were going to do so we would have had it by now.

The RNS states that the debt to equity conversion is conditional on the offer being made. So, if they pull back on making the offer, the debt to equity conversion falls.

I thought the tin was effectively a bi product of the production of the lithium, and the tin credits one of the reasons that the project was low cost.

Agreed. Very smart deal imo.

….can we change the heading of the thread? Whilst I agree that the dropping of those pages was worthy of comment, we have now seen the explanation and fuelling further speculation on that point isn’t likely to help the share price is it? GLA holders.

Mick - I feel your pain. It’s obviously entirely your decision and I would never presume to advise anyone. I would simply say this. I first invested in EMH years ago and have averaged down several times with the result that I have invested more money in this than any other share, ever. Despite the repeated buys to average down at various points, I am still 76% down as at today. Am I happy about this? No, of course not. Do I like the fact that KC seems to have given up on communicating with small shareholders and replying to emails (he did reply to me once, a long time ago, when I congratulated him on completing some milestone or another, but not since)? No. Would I sell now? Not bloody likely!

I believe old Warren has some expression about buy when there is blood on the streets, or something like that (in other words when the rest of the market hates the share). Well, I have done with buying, not because I don’t think the shares are undervalued. I do. It’s just that I refuse to risk yet more capital after maxing out on this already.

However, I still have almost as much confidence in this as I did way back when I first invested on the basis that it seemed a no brainer. Why? Because I just can’t see this not going ahead. It’s the largest hard rock lithium resource in Europe FFS, as we all know. The lithium price will recover in my view.

The only reason I am slightly less confident is because the “green” agenda seems to be losing a little of its luster and enthusiasm for buying electric cars seems to be waning, plus of course there is the risk of other technologies supplanting lithium batteries for cars, which must increase as time goes on.

Nevertheless, on balance, and given the fact that Governments are essentially shutting down ICE car manufacturing in a few years time, I still remain positive and will hold. Only if the entire rationale for investing changed materially would I consider selling. Just my opinion and DYOR etc. Good luck whatever you decide.

Not only did the CEO take over £100k in shares recently, but they were at a premium of 67% to the then prevailing share price. Both aspects say a lot in a very positive way imo. Not advice. DYOR.

Added another £1500 worth just now. Way too cheap here imo. Not advice. DYOR.

Sym is on the cusp of a significant transformation of its fortunes for the better in my opinion. The most recent results were very encouraging. This additional product adds to an already impressive portfolio. Good stuff.

It’s a decent update in my view. Projects of this size always take an age. Sure, timescales were underestimated early on and the delays are frustrating, but we are getting there. DFS mid 2025 not too long to wait and that will probably trigger off takes. Happy to hold. Less happy about the lack of liquidity and stupidly low share price.

A new product to add to the existing already impressive product portfolio. Good for the company and good for the environment. A win win.

Thanks for posting Lukask. Greenmachine - quite happy to be hitching a lift so long as we reach the destination, which I think we will, but more patience, as ever, continues to be required.

Another point worth stressing, although I know you are aware of this, is that the share price on the day before the placing was announced was just 2.1p. So, it’s a mark of the scale of Laurier’s confidence that he was prepared to spend over £100k of his own money buying shares at 3.5p, a 67% premium to the price prevailing at the time. The current published ask is also 3.5p so although it is possible to buy at slightly less than that, in reality the price has been pretty stable since March and not dropped much at all.

Troy

The trouble is, in my opinion, that many investors see things on a totally different timescale to the likes of Laurier. Investors, uninvolved with the day to day running of the business, understandably focus on the share price and performance over weeks or months. Laurier on the other hand is much more focussed on running the business and probably doesn’t look at the share price daily, or even weekly or monthly. So, to answer your question, I doubt that Laurier saw anything on the “immediate horizon” which has since failed to materialise. Rather, I think he was just confident that (a) the business was now at something of an inflection point and likely to experience strong growth going forward ; and (b) that the company was and is significantly undervalued given its medium to long term prospects. In short, he took the view that the time was right to make a substantial investment in the company he has spent years building. I only wish I bought all my shares at the same time as him rather than holding at a substantially higher average! Pretty sure we will see some evidence of the growth he expects when we get an update for the full year but I wouldn’t get too hung up on the quantum so long as the direction of travel is clearly being sustained and growth is demonstrably accelerating. That’s all just my opinion of course. ATB.

Thanks Warren but he did one on the Rock Stock channel about 5 months ago and I was trying to establish if he had done anything since.

The only news I am “expecting” is a notice of the upcoming AGM. Other news could drop anytime but I don’t see how that could be “expected” although I certainly hope we do get some good news soon. Sadly hope, is just hope! That said, I am generally positive and optimistic about the company’s prospects, based on the statements about progress and expectations in the interims.

Does anyone have a link to the most recent KC interview please?