Member Info for Ctw2014

It was a brilliant and refreshing presentation in my view. Laser focused on spending time and money in the best way to increase value, not just blindly drilling and hoping for the best. I am holding long term. Sod the market. It will wake up to the potential here eventually. Loved Glenn’s comment about good news in October.

….i would top up, even though i am already heavily invested (for me) and at a 76% loss at the moment. Of course, I am unhappy about the current share price but I certainly do not see that as a sensible reason to sell. Each to their own though. This will come good eventually in my opinion and anyone buying at this sort of level will be in decent profit very quickly, again, purely my opinion and in no way advice.

“The market” knows no more than we do, but if the market makers can generate more trades by dropping the price, that’s what they will do. It’s how they make money. If folks keep their nerve and hold, then they will move it up to generate trades. Simple.

Greenmachine - we were told that strategic status was being applied for in the March 2024 RNS. If I remember rightly from the recent ZNWD RNS a decision isn’t expected until the end of the year.

According to the 31st July RNS, the further geotechnical work arising from the new location for the production plant is expected by the end of September and DRA Global will provide a detailed timeline for the finalisation of the DFS at the same time. When that arrives we are promised an update, so let’s see if that arrives on time or slips into October. Either way it will be interesting when it does arrive.

……. despite the negative sentiment on here (which I can understand given the many delays) this is still by far the largest hard rock lithium resource in Europe, with Czech Govt and EU support which, in my opinion at least, will get developed and is massively undervalued at present. A market cap of just £16m is ridiculously cheap compared, say, to ZNWD, the smaller resource just over the border in Germany, which is not as advanced, and has a market cap of just shy of £40m. Sure, EMH has only a 49% interest but a simplistic comparison, and disregarding the fact that, delays aside, EMH’s DFS work (barring the impacts of the new site) is more advanced, suggests over 100% upside from this level as things stand, and multiples when the long delayed DFS and off takes get announced, which we have been told are likely to drop together. On that basis, I for one will be hanging on tightly to my investment here.

With any reorganisation and streamlining effort there are bound to be detractors and it seems clear that steps are being taken to improve cash flow and many other aspects of the business. Personally I am comfortable with my investment but that’s not advice of course DYOR etc.

Any Betts on where this will close today lol

Labour were always going to be a disaster and not only for the O&G industry as no doubt millions of Labour voters are already beginning (belatedly) to realise.

One can hope. It’s a small issue in the scheme of things but as you say the delays in payments dragged us down.

Confident that this will come good and still holding.

Welcome back. Always appreciated your posts.

I.e break even on a current basis of course.

Troy

If you can get past the fact that ML is hopeless at presentations and focus on the numbers, I agree with IWTO’s post. The rate of improvement in operating loss is quite impressive given that it was about £2m for the whole year last year, down to around £0.4M for H2 2024 and just £50k for Q2 2024, which ML said would be “at least” matched in the current quarter. So, if we assume just a continuation of the current run rate we should come in at an operating loss of around just £0.5m for the whole of 2024, with the real prospect, I suspect, of achieving at least break even before the end of the year. Other big positives for me are the recent raise at a 67% premium (virtually unheard of in the current market) and the fact that ML was confident enough to stump up £105k of his own cash in that raise, as well as the fact that Sea Pearl were happy to extend the CLNs out to 31 Dec 2025. I think we are rapidly approaching a major inflection point but all just my opinion of course (Anyone reading should do their own research before investing).

Ha ha, I know the feeling. Also optimistic that we are getting there though.

Spot on last two posts. IMO the reaction to the court case was well overdone. Moreover, from what I have read, it was doomed to fail from the start. Better off just maintaining, as they have been, that the Regs don’t apply to our product or plastics treated with it. And lobby the F out of the Government to follow other countries and mandate its use!

I presume the new partnership is another distribution agreement but as yet without sales and the increased orders are considered normal business and not requiring an RNS. Excellent news though!

My main holding here is 68% down, but I still remain confident that this will come good, fairly soon, and have just bought another £1k worth.

Agreed Lincolnlad. The current CEO was only appointed to the company in Dec 2023 and clearly found a right mess in place and has demonstrably taken robust measures to shake things up and put the company onto firm foundations for recovery and growth. Heads have rolled as part of that process and no doubt many have had their noses put out of joint. That article is full of bile and bitterness and in my opinion is very likely to have been heavily influenced by one or more of said individuals with out of joint noses! All my opinion only, not advice. Please do your own research before investing.

People often post to the effect that somehow EMH is helpless at the hands of the majority shareholder CEZ but forget the terms of the shareholder agreement signed at the time the deal with CEZ was done. Worth researching. Pretty strong safeguards for EMH.